Bob Chapman explains the Zerohedge story about July 15 over the counter Gold sale

Bob Chapman explains the Zerohedge story about July 15 over the counter Gold sale : again Bob Chapman explains that you should not worry do not be victim of sensationalism and those who capitalize of sensationalism and public emotions , this law means nothing for the average buyer of Gold and Silver bullion , after July 15 business will continue as usual





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold prices remain mired in a trading range

The gold price held steady at $1499.85 per ounce Friday morning after news that jobless claims in the U.S. rose yet again in the most recent week. The price of Gold stabilized as data showed that applications for unemployment benefits rose to 428,000, an indication that the jobs market continues to remain weak. The challenging labor market has been one of the key reasons the U.S. Federal Reserve is holding interest rates near zero – a policy that has provided a tailwind for the gold price.

Gold prices remain mired in a trading range as investors weigh the negative impact on the Goldl of the end of the Fed’s second round of quantitative easing. Yesterday, June 30, is the official end of QE2, a $600 billion asset purchase program designed to keep interest rates low and stimulate the economy.

Looking ahead, several market strategists see the gold price consolidating during the summer, prior to another leg higher in the fall. Barclays Capital analyst Yingxi Yu wrote in a note to clients that “There are still reasons to buy gold, but just not any new reason for now. Market participants are generally positive on gold, but it is a question whether now is the right time to enter the market given the volatility in risky assets such as equities and oil in particular.”

HSBC analyst James Steel commented that “The gold market may not have dropped enough to invite substantial emerging market and safe haven buying to emerge. Longer term, we remain bullish. The strength of the CHF (Swiss Franc) shows there is still plenty of nervous safe haven buying that could easily shift into gold.”

Gold prices have recaptured the $1,510 level

The gold price advanced Wednesday morning, rising $7.70 at $1,509 per ounce after the Greek Parliament’s passed sweeping austerity measures. The price of gold held its gains after politicians in Greece passed a $112 billion austerity package that paves the way for the next round of bailout funds from the European Union and the International Monetary Fund.

Gold prices have recaptured the $1,510 level in recent days amid a broad-based rally in global financial markets. After another deflation scare – one that sent the ten-year U.S. Treasury yield to 2.9% – stocks and commodities have regained their footing.

Despite the recent rally in the gold price, the Global Precious Metals team at TD Securities remains cautious on the yellow metal over the short-term, noting that “Gold and silver have been consolidating recent losses in a fairly narrow range and it’s difficult to see a rally eventuating at this point.”

Watch out for Fake Gold and Silver coins from China

Chinese counterfeiters are second to none , they are the world masters in counterfeiting everything on the surface of the earth and of course they do counterfeit Gold and Silver coins and bars too , fake gold and silver coins are big business. and it is getting bigger with the price of the precious metals soaring , Indeed with Spot Silver prices rising the Chinese and others are cranking out millions of fake coins...I mean millions and the fakes are getting so good even advanced dealers and graders are being fooled! Many of these so called replicas "I'd say MOST" are unmarked and are outright dangerous.There a few things that will help you detect that they're fakes . They are even now making fake junk Quarters and Dimes. It's very lucrative for them .There are even better fakes that use 90% Silver, but they are not used on junk coins due to production costs. Only buy higher dollar coins from a reputable dealer, in PCGS, NGC, ICG or ANACS slabs!
NEVER FROM CHINA...Unless you want a few fake specimens, which isn't a bad idea.my role of thumb is avoid anything Made in China and not just for gold and silver



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Rises As Greece Parliament Approves Austerity

Gold traded higher for a second day in a raw on news that the Greek Government accepted the austerity measures despite the overwhelming rejection of the IMF and EU plan by the Greek population .that is obviously a great news for the Gold and silver but especially for the Euro which rallied against the US dollar . Tim Harvey, Senior VP at ETF Securities, says that Gold is a dollar hedge not an inflation hedge , he expects the Gold to trade higher in the near future




These manipulated modestly low silver prices are getting annoying. Either they let go of the chains and leave it to the free market, or they suppress it down to $25, JP Morgue makes the switch from all short to all long on silver, and then we all watch the price skyrocket.

I understand that these flat, low silver prices are good for industry, especially for solar panel manufacturers, but its really not worth it. They should bring it down to $25 let all industries buy all of the silver they’ll ever need for the next 100 years, then let it skyrocket.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold price began the week with a modest loss

The gold price climbed $4.00 to $1,502 per ounce Tuesday amid broad-based strength in the commodity complex. The price of gold has fallen for three consecutive sessions in dropping below the psychologically-important $1,500 per ounce level. Silver rebounded alongside gold, gaining over 1% to $34.01 per ounce. Crude oil and copper rose 1.6% and 0.8% to $$92.09 per barrel and $4.10 per pound, respectively.

The gold price began the week with a modest loss, falling $7.27, or 0.5%, to $1,495.37 per ounce. The sell-off in the price of gold developed as indications that a widespread European sovereign debt crisis could be avoided. Silver dropped alongside the gold price, sinking $0.76, or 2.2%, to $33.55 per ounce.

While the gold price moved lower, gold equities held up. The AMEX Gold Bugs Index (HUI) hovered near unchanged, before settling fractionally lower at 500.77. Barrick Gold (ABX), the world’s largest gold miner, advanced 0.3% to $43.16 per share, while Goldcorp (GG) dipped 0.2% to $46.74 per share. Gold and silver mining stocks moved higher across the board Tuesday morning as buoyant gold prices and firm equity markets supported the sector.

In Europe, French banks agreed to roll over Greek debt two days ahead of a critical vote in Greece’s parliament on austerity measures – a requirement of additional aid from the European Union and International Monetary Fund. By reinvesting in new Greek debt over a 30-year time frame, policymakers hope to alleviate the pressure on Greece to repay investors. French bondholders are more exposed to Greek debt than any other euro-zone nation, at €350 billion in holdings.

Financial markets cheered the Greek news and the euro has risen over 1% to 1.43 against the U.S. dollar over the past 24 hours. Despite today’s gains, the gold price is now lower by 2.4% in June and is on pace for consecutive monthly declines for the first time since December 2009-January 2010.

Roger Wiegand Gold and Silver will rally sharply after the Greece bailout is approved

Roger Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter , : what we see is this Greek thing (bailout package)  will be approved and rather quickly I think the end of this week or the first half of next week and ten what happens is the European currency the Euro is going to immediately rally and that will sell off the US Dollar , now when the US dollar is sold off a whole basket of commodities goes higher to the long side , the big buyers will com e back again when they see the dollar going weak again I am pretty sure that's going to happen I am persuaded that's going to be the big trade and as a result of that you gonna see Gold , silver Swiss franc Canadian dollar and the Euro all going up , the US dollar going down I think it will go below 75 says you gonna see just a reverse of what have transpired over the last four to six weeks says Roger Wiegand





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Stocks outlook

Gold Stocks outlook with Frank Holmes, U.S. Global Investors CEO/CIO, and Anne Mulcahy, former Xerox chairman/CEO.Holmes : strong Gold Bullion prices outpacing Gold Stocks , Gold Stock historic outperform Gold price by 3:1 Holmes sees opportunity to buy healthy gold mining Cos. he would stay away from Barrick Gold




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Price Sinks Below USD1,500

Gold enter the last few days of the second quarter limping after last week’s heavy selling pressure. Gold and silver fell 1.5% and 2.1% last week, respectively, while the “white” metals, platinum and palladium, fell 3.1% and 2.3%, respectively.

Gold Price Sinks Below USD1,500. The gold price traded lower Monday morning, falling $3.00 to $1,499 per ounce. The price of gold broke through a number of support levels last week as it plunged over $60. A stronger U.S. dollar has weighed on gold, silver, and the broader commodity complex in recent weeks. Sovereign debt worries, which have depressed risk appetites among investors, continue to dominate the headlines with key votes by the Greek and Italian parliament over austerity packages set to take place later this week.

Weakness in Gold was driven by strength in the U.S. dollar, which gained 0.8%, 0.9%, and 1.5%, against the euro, Canadian dollar, and British pound, respectively, last week. The dollar traded stronger overnight, but gave back most of its gains – notably against the euro – heading into this morning’s open.

News that Greek creditors may be near a deal to roll over as much as 70% of their debt obligations into longer maturities helped boost the common currency to 1.421 against the greenback.

Why Gold & Silver - Melody Cedarstrom on Radio Liberty 23 June 2011

June 23rd 2011 Dr Stan Monteith and Melody Cedarstrom talk about why Gold & Silver? this is a good buying opportunity during this pull back in Gold prices , you should go to hard assets like Gold and Silver , Melody Cedarstrom agrees with what Lindsey Williams said recently that the gold and silver prices will remain relatively stable until the end of August where the elite are planning to increase the gold and silver prices by 20 to 25 percent , the US dollar will crash before 2012 and Gold will by then be around the $3000 an ounce and silver around the $70 dollars an ounce



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

David Morgan Gold prices could go up astronomically after QE2 ends

David Morgan on the Ellis Martin Report discussing the Dollars, Debt and Danger of hyperinflation : "what's coming unfortunately is the great day of reckoning , at some point the dollar collapse happens and at some sense it is happening in other words it is not usually an overnight anomaly where all the banks close that's not probably what's going to take place , what's happens is as we are witnessing more and more nation stats start to say I do not want any more dollars , the FED becomes the buyer of the last resort of the bond market which is true as it is still going on until June 30th when QE2 ends , and right now the FED is buying 80 percent of the bond offer after the 30th of June who is going to step in and buy it , China ? Russia ? Japan ? I do not know I doubt any of them will buy that much they may buy some , so we get to the end game and the end game is I do not want the dollar anymore , and the problem with this is it is still interconnected for the global economy because the dollar is still the reserve currency so if you stop wanting the dollar what do you want ? and it does not take much of the bond market to go to the security of Gold to move the prices in paper terms to an astronomically higher level and that's the situation we are facing , China is increasing its gold holdings Russia is increasing its gold holdings India increased its gold holdings , Central bankers have become net buyers of gold recently as they were net sellers for a very long period of time , so e are getting near the end ...so hopefully it gets to a point where an adjustment can be made in other words we go back to some kind of Gold standard or pseudo gold standard or a commodity basket or something that have faith in it we are not there yet but we are getting there very rapidly ...says David morgan








Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Rogers : Gold will go over $2000

Famed investor Jim Rogers was asked "where would gold be a year from now ?" in a Thomson Reuters Q&A session , his answer was : "I don't have a clue , I do have a clue that Gold will certainly go over $2000/oz , Gold's all time high adjusted for inflation would be well over $2000 , it will go there , I mean you can dream I have no idea , if the dollar does collapse in the next ten years which I expect , you pick your number when you have declining currencies and things are denominated in US Dollars who knows what the prices will be , they will be unbelievably high they gonna be much higher than even I believe , the numbers are gonna be staggering , it is always that way in a bull market , if you and I had sat here in 1980 to 1992 and we talked about what the prices will be five ten years later nobody would have believed this or even


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

$1,500 per ounce level may act as a magnet through the close of business on Monday

The Global Precious Metals Research Team at TD Securities highlighted why the $1,500 per ounce level may act as a magnet through the close of business on Monday: “With Friday sell off in gold our attention turns to Monday’s Comex Option expiry at 4:30 pm EST.” “With over 6,500 lots of options with a $1500 strike, that level has acted as a magnet in this afternoon’s trading session.” “Approximately 75% of this interest is puts, so we would expect that on dips below $1500 put owners will be buyers of gold.”

“On any subsequent rallies above $1500 they would turn sellers. Thus the likely scenario is we trade in a $1495-$1505 range until expiry on Monday evening.”

“Given gold’s $60 correction in 3 trading sessions and the support from this option expiry it seems more probable that gold will test the upper end of that range.”

Peter Schiff : The Gold Standard for a sound economy

Peter Schiff  : Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Fort Knox Gold Audit

GoldSeek Radio Commentary with Robert Ian about Congressman Ron Paul bill for auditing the purity of the 700 thousand Gold bars supposedly held at Fort Knox ,this could take 400 people six months to accomplish the task of auditing the Gold . Bill Gross in an interview this week stated that all the money owed to future liabilities an entitlement programs put the US economy in worse shape than Greece , this is not just the 14.3 trillion dollars of the public debt it's the 50 trillion debt estimate which includes medicare medicaid and social security or the 100 trillion dollars estimate that includes the financial bailouts of 2008 and 2009



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

How Gold is Mined in Nevada

Visionvictory takes us to a mining tour of a gold mine in Nevada , the goal is to show you that gold mining is not an easy task it requires heavy machinery a lot of energy and human power and skills , tons of dirt and ricks has to be moved or crashed in order to get one ounce of Gold , unlike money printing gold mining comes with a cost and that adds to the value of Gold , gold cannot be created out of thin air as we do with paper money . Nevada accounts for 75% of gold production in the United States and 7.2% of the gold mined worldwide




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Buy Gold on Dips - Dips are Discounts

Buy Gold on Dips , Dips are discounts and you should take advantage of them whenever they occur , Gold and Silver both falling sharply today , this is a great opportunity to purchase more physical gold and silver , Gold and Silver have only one way to go on the long term and that is up and up , cause the federal reserve is flooding the markets with worthless paper money , and soon all that money will start chasing the real assets on the market namely gold and silver sooner or later the dollar is doomed to crash many experts say the dollar will go bust in 2012 the Euro won't even make it to 2012 , Gold and Silver are the only safe heaven , stocks and the dollar could go to zero at any time gold will never go to zero , Gold has been money for 6000 years , so do not get discouraged by this volatility which is likely the job of God knows what market manipulation , go get your physical gold and silver go long and stay long , remember what happened during the Wiemar republic , those who had their saving in paper money got wiped out and the few who had their savings in Gold were able to buy entire chunks of downtown Berlin with a handful of gold ounces , tomorrow the same scenario could very well happen in America the public will wake up to the fact that the only real money is Gold and Silver...


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

GOLD - Trade close to $1,510 per ounce as the U.S. dollar built on its strong gains

Gold shares slid Friday, as the AMEX Gold Bugs Index (HUI) fell 1.7% to 505.48 in morning trading.

The sector was pressured by gold bullion, which turned lower after earlier holding steady near $1,520 per ounce. The yellow metal tumbled to an intra-day low of $1,505.40, before paring a small portion of its losses to trade close to $1,510 per ounce as the U.S. dollar built on its strong gains posted yesterday.

Weakness in the gold sector was fueled by a modest rally in the U.S. Dollar Index (DXY), which climbed 0.3% to 76.12 against a basket of foreign currencies.

One company in the gold sector under considerable pressure on Friday was AngloGold Ashanti (AU), which retreated $1.08, or 2.6%, to $40.38 per share. According to optionMONSTER.com, significant put buying in AU occurred on Thursday.

The firm noted that “6,170 August 39 puts traded, while there was no previous open interest. Almost all of those puts were bought, with the largest block of 4,575 picked up for $1.55, which was the ask price at the time.”

“There was no corresponding trading in the underlying shares, so this could be hedging of an existing long position against further declines. Or this could be a straight bearish bet, especially as they traded near the lows of the day. Those puts closed the day at $1.20.”

Other notable decliners in the gold sector included HUI components IAMGOLD (IAG) and Randgold Resources (GOLD). This morning, IAG and GOLD dropped 3.6% and 1.3%, respectively.

Gold & Silver Selloff continues

Gold & Silver Selloff continues from Thursday . David Morgan the Silver Guru gives his take on How to Trade the continuing Selloff in Gold and Silver , a lot of it has to do with this Ben Bernanke's QE2 approaching the end says David , the $1500 in Gold is psychological level we will see what happens from there the psychological level for silver is 33 dollars and change , David Morgan says that his position is as always short silver long Gold


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Mining Shares vs Gold Prices

Mining Shares Versus Gold Prices the reasons for the relative underperformance of shares in gold and silver mining companies versus the performance of the metals Costs for miners have risen substantially in recent years due to rising prices and environmental regulations widening the gap between mining share prices and the price of gold, Charlie Morris, head of absolute return at HSBC Global Asset Management told CNBC Friday, the tremendous potential in mining stocks and how these have been suppressed too, despite rising gold prices. Given their tiny market capitalization he expects that when the rush comes, they will rise in value very rapidly and outshine even the dotcom bubble.



I think you can actually get the shares in paper form sent to you so it's not just an entitlement that can be claimed by a broker or something which you paid for but are not owning. I guess you need to think about lawyers & potential for a grab in a collapse. I assume this: #1 dishonest people will take opportunities #2 lawyers will survive the collapse (I know, but it's true, look at history, they're like cockroaches)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Ron Paul asks for full audit of the Gold at Fort Knox

06/23/11 : Time for a full audit. Ron Paul's Opening Statement: Monetary Policy Subcommittee - Gold at Fort Knox - Dr Ron Paul very courageously is demanding a full audit of the gold reserves in Fort Knox because it is a gold that belongs to the people . The focus of the hearing is on recent audits of U.S. gold reserves; challenges to conducting a full audit; and impediments to an accurate assessment of the US gold position, including any leases, swaps or other encumbrances placed upon the gold reserves; and also examine changes to the legislative proposal that will ensure a full and accurate audit, assay, and inventory of U.S. gold reserves.Ron Paul is a BAMF! He is Thomas Jefferson and Patrick Henry rolled into ONE. The old adage is true. The more you tell the truth, the more you'll be attacked. Solution. Tell even more truth until the attackers are exposed and go into Apathy. GO RON PAUL




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Strong selling in gold above $1,550 in the physical market

Gold rallied ahead of Fed’s FOMC statement yesterday but the Fed delivered no surprises. While we continue to believe there will be no QE3, we also don’t discount the possibility completely. Following gold’s rally towards $1,560, the metal has since retraced on confirmation that there will be no further QE by the Fed. Despite this message from the Fed, our long-term view on gold remains unchanged — we believe gold will continue to push higher in 2011. Our core view on gold is driven not only by our observations in the physical market but also by continued growth in global liquidity, driven not so much by the Fed anymore, but increasingly by government borrowing.

There was strong selling in gold above $1,550 in the physical market. While the general trend in the physical market has been buying on dips, there seems to be strong resistance to a move above $1,550. We believe this resistance will not last long, especially if gold tests above these levels a few times over the coming days.

Gold support is at $1,540 and $1,532.

Gold and Silver Weekly Update with Tom Cloud

Tom Cloud is a veteran Gold and Silver  Advisor: An update on the U.S. Dollar how the Federal Reserve is going to act in the near future.The hard facts on how China and other emerging nations are impacting supply and demand for precious metals (and how these changes will affect prices.)
How you can add physical precious metals to your IRA (Wall Street and most financial advisors never talk about this topic...)Why silver prices are set to explode! (And the best way for you profit from them.)The shocking news that Tom Cloud is hearing from his global suppliers .What you should know about palladium (And how this metal can be a great addition to your portfolio.)Plus, Tom answers the burning question : "Is it too late to buy gold and silver?" (And if you already own gold and silver, "Is it too late to buy more now?")




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold and Silver not in a Bubble yet

Pam Aden : Gold and Silver not in a Bubble yet.the demand for gold is up and will continue to be up and this is the strongest reason for us says Pam Aden to believe that the precious metals Gold and Silver will continue rising because it is a demand based rise which is the most powerful type of rise in any market .



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Buying Gold in Germany is not easy !

James Turk of GoldMoney Foundation interviews Dr. Bruno Bandulet from Germany about his outlook for the Euro , the Gold situation in Europe and in Germany in particular , the Greece crisis and debt and its consequences on the Euro and the demand for Gold in Europe , the future of the Euro , should Germany go back to the Deutschmark or should Greece go back to the Drachma , The Euro which started as a fairy stable currency at the image of the Deutschmark has become like a french Franc and could end as an Italian Lira . Switzerland introducing the Gold Franc via a popular referendum it would circulate parallel to the paper Swiss franc and allow the swiss to save in gold.





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Fed is not expected to make any mention of a possible QE3

The gold price hovered under $1,550 per ounce Wednesday morning ahead of the conclusion of the two-day Federal Open Market Committee meeting. The price of gold continues to consolidate in the mid-$1,500s as global markets wrestle with both sovereign debt issues and a string of weak economic data. The 12:30pm ET announcement from the U.S. central bank will offer additional clues as to Chairman Bernanke’s views on inflation and the economy. A downgrade to the Fed’s outlook on the U.S. economy could lead to higher gold prices if investors perceive any possibility of a new round of asset purchases.

The Fed is expected to stay the course, which includes holding the fed funds rate near zero and announcing that its second round of quantitative easing is set to end on June 30. The Fed is not expected to make any mention of a possible QE3. In a Bloomberg survey of 58 economists, 46 forecasted that the Fed’s balance sheet will remain at its current size of $2.8 trillion. Ninety percent of respondents predicted the Fed will not remove the “extended period” language with respect to keeping interest rates near zero until the fourth quarter of this year.

While expectations are for Bernanke and the Fed to keep its current monetary policies on hold, a recent wave of disappointing U.S. economic data may prompt the central bank to make the tone of its statement more dovish. Ward McCarthy, chief financial economist at Jefferies & Co., wrote in a note to clients that the Fed will “have to acknowledge that the recovery has decelerated, but want to avoid fanning the fires of QE3 expectations.”

Over the longer-term, however, McCarthy did not rule out the possibility of QE3. “If, some months down the road, it looked like the economy was headed into a nose dive they’d probably pull a QE3 off the shelf.”

Gold is a fantastic Inflation Hedge says Tim Harvey

Gold is a fantastic Inflation Hedge says Tim Harvey Senior VP at ETF Securities : We are not going to see so much change in Gold in gold because of Greece or Ben Bernanke it will very much to do with inflatioin in China and India , What will cause a dramatic rise or fall in gold price is a major reaction to something that the public did no expect compared to the Lehman Brothers crisis in 2008 which was not expected , overall gold and silver are a fantastic inflation hedge we are definitely gonna see inflation increasing re-exported to us from China from Indonesia from India says Tim Harvey




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold will push higher

The gold price advanced higher Tuesday morning, climbing back near $1,550 per ounce. The price gold traded as high as $1,545 per ounce, rising on the back of broad-based weakness in the U.S. dollar. The U.S. dollar traded lower against most of its trading partners, notably the euro. The euro climbed to 1.437 against the dollar early Tuesday.

Our focus remains on the interbank lending market in Europe. With Greece’s debt problems unresolved, the European interbank market continues to tighten. The stress in this market is not nearly at the same level as in 2008, but it is rising (as indicated by the 1m Euribor rates edging up). Strain in the interbank market could see short-term liquidity dry up. This could be extremely bearish for all assets, including gold. However, our base case is not for a complete freeze in money market activity. We still believe that gold will push higher.

Gold support is at $1,534 and $1,528. Resistance is at $1,546 and $1,551.

Gold & Silver holding up better than other commodities

Gold and silver prices treading water on Monday , it seems gold and silver are holding up better than other commodities , Greece is asking for 12 Billion dollars which they are not getting from France and Germany so we probably will continue to see a meltdown in the Euro that should provide some strength to Gold and Silver , Gold and silver prices will probably continue to go up but at a slower rate because there is the strength in the dollar



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman explains what 'Trading Over The Counter Gold & Silver to be Illegal starting July 15 ' really means

Bob Chapman  of the International Forecaster explains in details what the 'Trading over the counter gold and silver " becoming illegal starting from July 15 really means , he says you should not worry about it , it is not going to affect the general public of bullion gold and silver buyers this is a market for professionals the aim for this legislation is to create panic confusion among the public and scare them from longing gold and silver while shorting the dollar bob Chapman says it is psychological warfare and you should not worry about it....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold - Believe that it will reach $1,600 in Q4:11

The latest CFTC data, which captures events up to Tuesday last week, indicates that non-commercial interest in gold has declined. Non-commercial long positions stood at 825 tonnes
last week (down 28 tonnes from the previous week). Short non-commercial positions increased by only 2 tonnes, to 112 tonnes, leaving the net speculative position at 713 tonnes, a decrease of 30 tonnes w/w. The current net speculative position is well off the highs of 911 tonnes reached last year May.

In fact, looking at the future market, the current positioning indicates a market in which investor sentiment has been drifting along without extreme bullish or bearish positioning. This is demonstrated by the net speculative position as a percentage of open interest, which is at 30.8%, marginally down from 31.7% last week. This number was as high as 42% in 2009 and as low as 23% in February 2011. ETF gold holdings has risen by 9 tonnes last week, explaining some of the short-term movement higher in the gold price. But a 9 tonne rise in ETF holdings is not massive, and unlikely to move the gold price much. Furthermore, gold ETF holdings remain below the highs of 2,114 tonnes reached late in 2010. So, although ETF gold holdings have provided upward support in recent days, the effect has been largely neutral since June 2010.

Despite the futures market not being overly bullish on gold, and ETF holdings having been largely neutral since mid-2010, the gold price is still grinding higher. Much of this support
seems to be coming from the physical gold market, especially Asia. This segment of the gold market has been buying gold in dips for the past few weeks, and this trend seems entrenched. In fact, we have seen exceptionally strong physical gold demand so far this year (compared to the same periods in 2009 and 2010). We believe that this will provide support for gold on dips. We therefore still favour a long position in gold, and believe that it will reach $1,600 in Q4:11.

In Zimbabwe a Country of Starving Billionaires , Gold is the only King

In Zimbabwe where the hyperinflation hit hard the only currency that has become legal tender is gold and silver , things always go back to the bottom line which is real assets real money Gold and Silver this is a lesson for America , if the FED continues to kick the can down the road by printing more money hoping to solve the problems with more liquidity soon all that money will end up chasing the limited amount of real assets on the market , gold and silver prices will sky rocket and the dollar could go back to its intrinsic value namely ZERO , so go and change your paper money for gold and silver now while you still can you will be glad you did ...



Silver and Gold never really move up or down it's the Dollar that changes, 40 yrs ago you could get a gallon of gas for one Mercury Dime and today you can get a gallon of gas for the equivalent of one Mercury Dime. See, Silver and Gold NEVER changed, the Dollar just shit all over itself that's all, it's what happens when Bennie and the Ink Jets print money out of thin air.

David Morgan, after QE2 interest rate will come up and the dollar could rally

David Morgan, founder of Silver-Investor.com, says that with the end of QE2 interest rates will rise and consequently the dollar will rally as many will flock to the dollar as a safe heaven Gold and Silver may not rise sharply in the short term but in the long term they will always be the safest place to be , the recent rally we saw in gold and silver was a technical change David Morgan says , 82 percent of the bonds purchases were done by the federal reserve if that truly going to cease (by the end of this month ) except for the roll overs , who is going to step in to buy US Bonds ? the answer is we do not know , we do not know if anyone will , so what we are going to see is interest rates coming up and as interest rates come up this will put more people where bonds prices go down obviously and more people might come to the dollar as a safe heaven David Morgan added





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Greece will soon default on its sovereign debt

One can now add Alan Greenspan to the growing list of individuals who believe Greece will soon default on its sovereign debt.

In an interview with Charlie Rose this week, the former Federal Reserve Chairman said that a Greek default is now “almost certain,” and that the chances of Greece defaulting are “so high that you almost have to say there’s no way out.”

“The problem you have is that it’s extremely unlikely the political system will work” in a manner that effectively resolves the crisis, according to Greenspan.

With regard to the implications of the Greek crisis for the U.S., Greenspan stated that it has the potential to push America into a double-dip recession. However, he also contended that the U.S. economy is performing reasonably well on its own and is unlikely to re-enter a recession if euro zone officials are able to limit the impact of the problems in Greece.

Max Keiser & James Turk : Fiat money inflation in France

This two parts video is absolutely superb. Max Keiser the wall street anarchist is always a delight and James Turk is a charming and eminently credible legendary precious metals expert. Production quality is first rate (with perfectly apt Berlioz background music to boot). The GoldMoney Foundation has dropped an embarrassment of riches in our lap, we would be unwise to ignore these exceptional educational tools.





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Gold derivatives explained

Reginald H. Howe an author, private investor, and member of Golden Sextant Advisers LLC in Massachusetts explains what Gold derivatives are : "...basically central banks loan gold in one of three ways , they deposit it with other gold banks or with the bank like the Bank for international settlements which then may loan out part or all of that deposit , they loan it to the bullion banks or they engage in swaps with the bullion banks either gold swaps or frequently gold currency swaps why do they do this , the ostensible reason is to earn a return on their gold , otherwise refereed to as a sterile asset .and the return on gold is called a lease rate basically the lease rate of gold is the interest rate on gold and these transactions by in large are done between the central banks and the bullion banks ..."



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The gold price, close this week at $1,539 per ounce

Gold stocks climbed Friday as the Market Vectors Gold Miners ETF (GDX) rose $0.43, or 0.8%, to $52.21 per share. The advance in Gold stocks and the GDX was fueled by a rebound in gold bullion, which jumped from $1,528 toward $1,540 per ounce this morning alongside the broader commodities complex. Gold stocks in Canada moved higher as well with the S&P/TSX Global Gold Index rallying 1.0% alongside the GDX. The Philadelphia Gold & Silver Index (XAU), another closely followed composite of gold stocks, jumped 0.7% to 190.76.

In spite of today’s gains in the gold stocks sector, the GDX has continued to underperform the yellow metal in June. On a month-to-date basis, the GDX has fallen 8.5%, compared to a 0.1% gain for gold bullion. Year-to-date, the disparity between the gold stocks ETF and gold is even larger, at -15.3% versus 8.1%.

As a result of the underperformance, the ratio of the price of gold to the GDX has reached a historically high level. This development has caught the attention of many prominent investors, several of whom have recently adding to their positions in the gold stocks sector. George Soros, the legendary investor who ran the Quantum Fund with Jim Rogers in the 1970s, recently raised his holdings in several large-cap gold stocks – including Barrick Gold (ABX), Eldorado Gold (EGO), and Goldcorp (GG).

Dr. John Hussman, the founder of The Hussman Funds, reported in his most recent Weekly Market Comment that he raised his holdings in gold stocks to 18%. “In contrast to the broad stock and bond markets,” Hussman wrote, “our measures of prospective return/risk in gold shares has surged, with falling long-term yields, negative real interest rates, weakening economic statistics and a very high gold/XAU ratio all provoking a distinct jump in our expected return/risk measures for gold stocks.”

Bill Murphy on JP Morgan Gold market manipulation

Al talks with Bill Murphy, Ed Steer, and Chris Powell of the Gold Anti-Trust Action Committee (GATA) about the Gold market manipulation . Bill Murphy is a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities.

Gold/Silver Manipulation Whistelblower: Assasination Attempt

Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursdays CFTC hearing on metals futures trading —- was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Sinclair Gold is headed for significant Rally this summer

Jim Sinclair says that Gold is headed for significant Rally over the summer months , the loss of confidence in the market and the mismanagement will causer the gold to rally significantly this summer he explains , the standard of living in America will be deeply affected the middle class destroyed Jim Sinclair explains ,  both in the US and in Europe you can expect new crisis to be met with more printing of money Jim added , he also expects the market could go down 4000 points in a flash and the price of gold will not only go to $1650 $3000 , $5000 but has the possibility into going into 5 figures based on just what we have here and now ....the US financial situation is worse than Greece , the Government can loath the 401Ks and your pensions plans to pay off its debt and purchase bonds when the QE2 ends ...The primary currency precious metal is gold the primary speculative precious metal is silver Jim Sinclair added , this is the time to buy gold and silver



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Gold and silver see-sawed as at first panicked commodity

As anticipated gold and silver rallied yesterday afternoon in the wake of renewed aversion to risk as concerns over an imminent Greek debt default weighed on market sentiment. US consumer price data also helped, with slightly higher than anticipated figures keeping fears over rising global inflation alive. Slightly weaker-than-expected US industrial activity also contributed to increased aversion to risk.

Overnight, gold and silver see-sawed as at first panicked commodity investors sold-off across the complex as crude oil prices fell. Thereafter, the gold and silver quickly regained these losses as the markets regained composure.

Gold support is at $1,516 and $1,505. Resistance is at $1,537 and $1,546. Silver support is at $34.94 and $34.29, resistance is at $36.12 and $36.64.

Gold $1650 by the end of the Year says Dennis Gartman

Dennis Gartman, The Gartman Letter says that Gold and Silver are are flexing their muscles against other currencies and how you should to trade them : "you do but not in u.s. dollar terms. it's going into gold in euro terms, sterling terms and yen terms. it's one of the reasons why i'm an advocate of owning gold not in u.s. dollar terms at all. with the circumstances in greece it works to the benefit of owning gold in especially you're oterms. it it creates a different sort of gold investment." Gold is going higher says Gartman "by the end of the year we could see gold at 1650, in euro terms another 100 euro higher" "long gold short the Euro " he added

David Morgan & Max Keiser on Gold legal tender in Utah

David Morgan and Max Keiser discuss the new law implemented in the state of UTAH making Gold and Silver legal tender : this is the first state to out of a voluntary basis to start doing transactions in Gold and Silver David Morgan says , so from now on the merchants in the state of Utah will start accepting gold and silver coins on a voluntary basis , it is voluntary on both sides but for now only silver eagles and gold eagles are accepted ( not the Canadian maple leafs for example ) , there is a depository that was set up where people can put their gold and silver into and are being issued a debt card which makes the whole transaction process pretty transparent , now you can walk to any store and buy whatever you want to buy with your debit card , this could really catch on once it is implemented , Utah had the ability to stand up for the states rights as outlined in the bill of rights




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Global liquidity conditions are bullish for gold

Yesterday, Gold continued to be buoyed by Eurozone debt concerns and the threat of rising global inflation. As anticipated, the hike in Chinese reserve requirements did not prompt much of a response in precious metals prices. Inflation fears were further heightened by higher-than-expected US producer inflation data. Steady physical buying in Asia provided support for gold and silver overnight.

This morning, Gold have lost ground on the back of a stronger dollar. The failure of European officials to agree on a rescue plan for Greece has placed downward pressure on the euro, and sent investors to the relative safety of the dollar. Nevertheless, we view this downward pressure as limited since inflation fears and Eurozone debt concerns will most likely resurface and should once again see investor interest in Gold return.

This afternoon’s US consumer inflation figures will most likely prompt a response on Gold markets. However, over the long term, we do not view inflation as a causal driver of the gold price, but rather see liquidity as the most important factor. Despite strong government borrowing and loose monetary policy (i.e. liquidity), inflation has remained largely in check over the past 12 years. Therefore, in the long run, gold has risen independently from inflation, driven largely by liquidity. Consequently, we look to liquidity, not inflation, to determine the future path of gold. We maintain that global liquidity conditions are bullish for gold.

Gold support is at $1,510 and $1,504. Resistance is at $1,525 and $1,533.

Nick Barisheff : Gold a Bad Investment ?

Nick Barisheff claims that Gold may be in a bubble I beg to disagree , how can gold ever be in a bubble when less of 2% of the investors ever have any gold bullion to start with , besides Gold is Money we tend to forget this , gold is the original money , the dollar was created as a gold certificate the first day , gold is not an investment , who ever invest in gold just to make a quick buck does not deserve to be in this market , Gold is money the only money that humanity have known for thousands of years , its value will never go to zero unlike paper money or stocks , it cannot be printed into oblivion ...gold will always be gold


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Gold Prices to Hit $5000 says Yan Chen

Gold prices may hit $5000, says Yan Chen, head of metals and mining at Standard Chartered. He foresees potential production shortfalls as more central banks turn from being net sellers to buyers of gold, pushing the supply-demand balance out of kilter.there will be a lot of gold buying going on in China cause the Central Bank in China has less than 2 percent of foreign exchange reserves are actually held in gold they want to be a real world central bank and for this they need to buy a lot of gold , China central bank may need 6000 tons of gold to bring its gold holding to the world average and that's more than two years of mined production in the world




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Yesterday’s downward pressure on Gold has eased off as concerns over the Eurozone debt

Yesterday’s downward pressure on Gold has eased off as concerns over the Eurozone debt situation and global inflation have re-emerged. The recent downgrade by S&P has put Greece’s sovereign debt rating at the lowest level of any country, as the agency has cited an increased likelihood of default. This has raised anxiety in markets, enhancing the safe haven
appeal of gold and silver.

Chinese price data has also prompted a renewed fear that inflation could erode the value of investments, pushing investors into precious metals as a more reliable store of value. Consumer inflation in China rose to 5.5% y/y, the highest level since July 2008. Producer inflation which remained steady at 6.8% y/y is still considered high. In response to stubborn inflationary pressures the Chinese central bank raised reserve requirements by 50 bps this morning.

According to our analysis, changes in Chinese monetary policy (especially reserve requirements) have limited impact on Gold prices, with base metals more harshly affected.

Gold support is at $1,509 and $1,499. Resistance is at $1,531 and $1,543.

Fort Knox Gold Fake or Real ?

Dr. Ron Paul calls for an audit of the Gold in Fort Knox to be tested and counted ,
is the gold in ft. knox fake? is it tungsten plated or is it real gold ? well congressman Ron Paul wants to know. Has the u.s. government secretly sold off the stockpile and replaced it with metal bars that are painted gold? ron paul wants to find out. the congressman is demanding the administration audit the purity of the gold bars in ft. Knox. he shares the house's subcommittee on the monetary policy and repeatedly called for a return to the gold standard. paul introduced a bill in april calling for the gold to be counted and now he is asking officials to testify at a hearing next week on june 23rd about the authenticity of the gold in Fort Knox . it will cost about $15 million to test all the nation's gold. 30 minutes a bar or 350,000 man hours. it would take 400 people working for six hours. the u.s. mint claims to audit the gold annually.




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David Morgan explains the Dip in Gold and Silver

David Morgan, founder of Silver-Investor.com, says that there is so much uncertainty right now , one of the rating agencies in China questioning the viability of US Debt , this is the type of things that are going on on a global basis David Morgan says 99% of the population of the world does not know or understand the Gold story and so they go to what they think it is the safest which is cash in their local currency or may be the US Dollar . David Morgan thinks that the end of QE3 by the 30th of this month is Bernanke's way of testing the gold market and measuring inflationary fears , David thinks that Bernanke will put a deflationary scare into the global market place to see what is the gold reaction going to be , what he is doing is withdrawing a lot of liquidity from the markets to see if there is a bigger demand for US dollars and less demand for gold David Morgan explains ...





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

At $1,515 per ounce, the gold price traded virtually flat Monday morning

Gold followed a similar path, opening fractionally lower near $1,530, and later hitting an intra-day low of $1,511.40 before bouncing back to $1,515 per ounce. One of the catalysts for the slide in the gold price last week was a speech by Fed Chairman Bernanke. Although Dr. Bernanke expressed uneasiness over the “slow” pace of the economic recovery, he provided no signals that the Fed may implement a third round of quantitative easing, QE3. With markets addicted to monetary and fiscal stimulus, Bernanke’s unwillingness to offer a new dose of medicine to the ailing economy provided investors an excuse to sell assets of an any and all ilk, including gold.

Following Bernanke’s speech, several well respected investors and strategists– including Mohamed El-Erian at PIMCO, David Tepper of Appaloosa Management, and Jan Hatzius at Goldman Sachs – each contended that it is quite unlikely the Fed will launch QE3 in the near future. However, each acknowledged that QE3 remains a distinct possibility over the longer-term in the event that the economy worsens significantly and/or financial markets suffer steep losses.

In light of Bernanke’s comments on Friday UBS lowered its short-term gold price forecast to $1,475 from $1,500 per ounce. The firm cited the conclusion of QE2 and a seasonal slowdown as the primary factors behind its reduced estimate.

Despite its cautious near-term outlook on the price of gold, UBS raised its longer-term gold price target to $1,600 from $1,400 per ounce. “We have said for some time that we believe gold has already seen its lows for 2011,” the firm wrote in a report to clients. “This is even truer in the current macroeconomic environment.”

Gold as constitutional money

James Turk director of GoldMoney Foundation interviews Sean Fieler about IRS treatment of gold at the federal level is a big impediment to using gold and silver as money.
Sean Fieler : "...what gold lacked for so long is a little more credibility the realizing that it is not just people at the margins that are concerned about this who think this the solution but this is the logical given the problems we have "
"




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Danielle Park : 1.2 quadrillion dollars of derivatives out there

Danielle Park explains what derivatives are , today estimated amounts of derivatives are 1.2 quadrillion dollars of derivatives out there thanks to the creativity of Wall Street and big Banks , that's quadrillion not a trillion , back in the late nineties the estimated amounts of derivatives was around 200 billion dollars so you can see the big jump we did since then...a quadrillion is if you want to count one dollar per second starting from now it will take you 32 million years to do it , with all that amount of money soon going to start chasing the real few assets on the market like Gold and silver and other commodities one can only expect the Commodity Inflation to Come Off The Boil and probably the crash of the dollar all together ...you will be happy if you hoarded gold and silver , governments and central banks cannot print gold and silver into oblivion as they can do with fiat money....People investing in commodities are moving into real things and away from fiat currency. If she or the UN is upset about commodity prices, stop the money printing!






Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : We could see gold in backwardation

James Turk : "We could see gold in backwardation too as people become more and more worried about the inflationary consequences of the money printing that's going on around the world. Silver always leads - in bull markets it leads on the upside and in bear markets it leads on the downside. Maybe as precious metals move into backwardation, silver is again giving us an important message that it is leading and gold will eventually follow." - in mineweb.com


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

The Gold Dinar behind the war on Libya ?

Gaddafi was planning to introduce the Gold Dinar just before the war ,Gaddafi also wanted Gold in return for his Oil , some say this was the real cause behind the NATO war against Libya .. the banksters feel to be threatened by the return to a honest currency, gold and silver backed, they actually want a world currency completely online! But I don't think India, Russia, China, and other countries want it.Even Europe begins to understand the necessity of a gold standard... even with the inconveniences...people who don't hold gold are finished anyways but it seems that gold is the only way to stop the transfer of wealth from the poor to the rich...the only way to protect the value from inflation , the only reason the US haven't collapsed yet is because the dollar is still the global reserve currency, (no matter how much money they print it doesn't devalue the dollar because the whole world excepts it as currency) if the dollar falls so will life as America knows it, the government is doing their job, trying to keep the country from complete financial collapse.



this fake economy/monopoly needs to end and the gold standard reinstated...it is the only way to stop the theft through inflationary quantitative easing....the sooner these American people open their eyes the better it will be for all.....if the people dont take back their government very soon we will be in world war three...a nuclear holocaust...not a very nice ending for the human race

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : Numismatic Coins have great potential , their time will come

The Time for Numismatic Coins will come says Bob Chapman of the International forecaster , Numismatic Coins are collectors coins , Bob Chapman owns personally the Numismatic Coins and he thinks that as long there is a low premium on the Numismatic Coins they are a good investment , last time around between 1977 and 1981 the prices went from $500 to $5000 per coin so the potential for Numismatic Coins is large because you get less than one percent of the people in the world and in the United States in Gold and Silver including Numismatic Coins now when that will become 15 percent they are not going to buy bullion coins and gold and silver shares and that includes shares too says Bob Chapman , but they are gonna buy other products and that would be Numismatic Coins as well , so their time will come ..there 's good values there ...




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Federal Reserve is unlikely to launch a third round of quantitative easing, QE3

The Federal Reserve is unlikely to launch a third round of quantitative easing, QE3, in the near future, according to noted hedge fund manager David Tepper.

In an email to CNBC, Tepper – the head of Appaloosa Management – wrote that “If (the S&P 500 falls) a couple hundred points and financial conditions tightened maybe they (the Fed) would reconsider. But there is no logic to QE3 now and the only result might be more food and energy inflation.”

Tepper gained notoriety by investing in financial stocks in 2009 and posting one of the top returns in the hedge fund industry that year. In September 2010, he reiterated his bullish outlook on the markets in a CNBC interview, saying that equities were in a win-win situation: an improvement in the economy would lead to a rally, or a worsening economy would lead the Fed to launch QE2.

Following his bullish call, the S&P 500 advanced over 25%, fueled in large part by the Fed’s second round of quantitative easing.

Currently, although the broader market has fallen over 6% since its April 29 peak, Tepper contended that there has not been “enough of a drop” to cause Chairman Bernanke and the Fed to reignite the printing presses.

Accordingly, he said he expects the weakness in the broader markets to continue. ”We (are) in a difficult investment environment,” he asserted. “Short and Sweet.”

Edwin Vieira, Gold lifeboat before the dollar sinks

James Turk Director of the GoldMoney Foundation interviews Edwin Vieira about his book "Pieces of Eight , Gold , the constitutional solution for today's monetary problems , The alternative currency movement in the states , The Gold as an Insurance against a currency collapse , How Gold money can be implemented at the state level , Gold as a lifeboat before the dollar sinks ,




People like Peter Schiff suggest having 2/3rds of our precious metal investment in gold, and the other third in silver. The Permanent Portfolio by Harry Browne originally suggested 100% in gold, but his successor who runs the fund, invests it 1/5th silver and 4/5ths gold. So those are two barometers I follow in trying to balance gold and silver investing. I would also say, for the common man, better to have silver if he can't afford an ounce of gold, than nothing.Silver has been the common man's money for 5,000 years. The Biblical word for money is "silver".

When gold stands above $10,000 an ounce, Warren Buffet could afford gold but it will be outside the reach of the common man. Without silver citizens would be forced to hold fiat currency.

This is perhaps the primary reason the central banks sough to end the bi-metal standard in 1873. Good for the rich and the central banks,but economic slavery for every else.





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

A break higher could see it test $1,557

Volumes in the Gold market are very low. All eyes are on the ECB meeting this afternoon. We expect hawkish comments and an indication that the ECB base rate will go up in July. The euro could strengthen further against the dollar if the ECB hints at a rate hikes. This would aid gold’s advance.

Gold has strong resistance at $1,550. A break higher could see it test $1,557. Support is at $1,536 and $1,529.

Jeff Nichols : $1700/oz Gold by the end of this year

Jeff Nichols, Senior economic advisor to Rosland Capital and managing director at American Precious Metals Advisors Inc., He is the author of the book "The Complete book of Gold Investing "
Jeff Nichols : "I am I am actually quite bullish I have been for long time and I remain so , all the facts we have spoken about from FED policy to central banks policy overseas to the debt situation in this country and in Europe rising demand in India and China Central Banks around the world net buyers of gold all this continue and they are likely to continue for the foreseeable future " "really the Gold market is a very small market compared to capital markets it is almost insignificant it gets a lot of attention because it hits us emotionally and certainly in certain way that other assets don't " " there is an emotional connection to gold and I can't explain why but it has been through over the millenia ,and gold distinguishes itself over the millennia. Really as the only asset that has attained its value over hundreds and hundreds of years. And I think investors look to gold for that reason; as a store of value, as a monetary asset and something that is a hedge and diversifier and insurance policy against all sorts of risks." " Well for better or worse I believe we are still in a long term bull market years ahead to run up , I think late this year we can easily see $1700/oz next year perhaps $2000/oz beyond that $3000/oz and may be even higher " " It's simply that more and more people around the world are chasing a limited supply of gold , in China for example 5 or 7 years ago it was illegal to invest in a bar of gold or gold coin , now the government is promoting it as a legitimate form of saving , China is under invested , India is under invested we are talking about billions of people as some of those people moving to the middle class and become consumers some of that money is going to go to gold jewellery some of it is going to go into gold investment and those are permanent or at least very long term purchases these aren't people who are going to sell when it rallies a little bit "
"I think you buy for the long term , ...gold and silver , silver particularly tend to be volatile assets in the short run and they have over the past few decades , in the 1970s which was a great bull market for gold we saw silver at various points in time pull back 40 , 50 even 60 percent as it was continuing to rise along the upward trend ..." " you have to be educated and you have to understand why you are investing you have to know what the fundamentals are for gold and silver and be aware that one day things will change and it may be time to start hitting positions , but I think it is important for many investors to retain as an insurance policy some small core holding may be 5 or 10 percent of investable assets in physical metal and as an insurance policy against risks that we can't even imagine " " I think (silver ) near 50 dollars it was expensive at 35 or 37 where we are today I think it is an opportunity to buy and I think gold also is an opportunity to buy , when we look back a few years from now these will seem like a very reasonable and attractive price levels to have come into the market "...." My preference is for gold because it is principally a monetary asset , silver has an industrial side it has additional risks , I think there is a place in a portfolio at times for the right mining shares , but mining shares are not physical metal and they carry a whole host of additional risks "



My Investment plan: Puts on ANF until QE3 is announced..then pile into aggressive SLV calls. As the environment gets more dangerous (SHTF), move from SLV to physical proportional to the danger and get move aggressive with SLV options. Switch from physical silver to physical gold starting at 8 to 1 silver/gold and finish 5 to 1. Then take the ride in gold. I figure in 5 years I'll have 10,000 times my original purchasing power.




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : The waterfall decline of the US Dollar

James Turk explains the waterfall decline of the US dollar , Gold and Silver are the safe heaven against the waterfall decline of the US Dollar not the Euro , This video was recorded on 29 April 2011 in Munich, Germany : The waterfall decline will start with the US Dollar and you will see the dollar continuing to decline against the Euro but this is an emotional major reaction , people will exit the dollar and they will say to themselves where can I go , well I go to the Euro because it is a big broad deep market and it is easy to buy so initially you gonna see the Euro benefiting and that's what has been happening , you know the Euro broke above 1.42 against the Dollar and we are now I think 1.48 and a half , but the European central bank is going to probably step in and keep the Euro under 1.55 and people will then understand that the emotional major reaction of selling the dollar and buying the Euro was not the right way to solve the problem not the right way to find a safe heaven for their money and they will start selling the Euro and buying gold ,