Monday, February 27, 2012
Sunday, February 19, 2012
Tuesday, February 14, 2012
Jim Sinclair - Central Banks Trying to Keep Gold from Rising Violently
“I am not a member of the school that believes central banks are trying to keep the price of gold from rising. Central banks are trying to keep the price from rising violently. Volatility is the key. Price is secondary to the volatility of the gold market as it challenges currency markets and creates an imperative to action.
The attempts and activities of the central banks, in gold, is not by any matter of means to control price, as it is to control volatility. (This is being done so they don’t have to) unmask the mechanism of what is bringing to you a new monetary system. The mechanism is called liquidity. Gold is liquidity."
The attempts and activities of the central banks, in gold, is not by any matter of means to control price, as it is to control volatility. (This is being done so they don’t have to) unmask the mechanism of what is bringing to you a new monetary system. The mechanism is called liquidity. Gold is liquidity."
- Jim Sinclair via a recent King World News Interview. Read the full interview here:
Friday, February 10, 2012
Tuesday, February 7, 2012
Jim Sinclair "Consolidate Your Holdings and Save Your Money"
"In this interview, Ellis Martin speaks with Jim Sinclair about the "positive employment outlook" reported by the government and the media and the exuberance associated with it. Where do these numbers come from? Mr. Sinclair also has compelling advice for the listener regarding how to protect oneself from the ultimate endgame related to Quantitative Easing and the decline of the dollar. What is China’s direct influence or input in QE 3? Is it in their best interests to prop up the dollar and the US economy? How relevant is the Yuan? Listen to another unedited interview."
Saturday, February 4, 2012
States Seek Currencies Made of Silver and Gold
A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.
Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.
Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."
- Read the full article at CNN here:
Friday, February 3, 2012
Wednesday, February 1, 2012
Tuesday, January 31, 2012
James Turk, "We could easily go over $2000 per ounce" for gold in 2012
"James Turk speaks makes a prediction about where the price of gold will head in the new year, along with his outlook for central bank printing, and the problems in europe in light of increased liquidity hoarding by banks at the ECB's deposit facility. James Turk also reminds us that nothing moves up always and forever, and the type of correction we have seen in gold recently is normal, and a good buying opportunity."
Ellis Martin Report with David Duval of Tanzanian Royalty Exploration Corp
"David Duval is a 40-year veteran of the Canadian minerals industry. He served a decade as Western Editor for the largest weekly mining publication in the world before forming his own consulting company in 1990. As a Technical Advisor to the United Nations and Royal Government of Thailand, he coordinated the feasibility study for the $500 million Association of Southeast Asian Nations potash project in Thailand. Mr. Duval is a recognized authority on the Canadian diamond industry having co-authored "New Frontiers in Mining" in 1996
David serves as Special Advisor to Jim Sinclair, the President and CEO of sponsor company Tanzanian Royalty trading on the NYSE as TRX. Tanzanian Royalty is developing an advanced stage gold project in Tanzania in partnership with the State Mining Corporation of Tanzania. David and Mr. Sinclair co-founded the online newsletter,jsmineset.com, in 2003 which offers free commentary on gold and currency markets and is a traffic leader in its market segment."
- Source:
Sunday, January 29, 2012
Hedge Fund Guru Sees Gold Price Soaring
DAVOS, Switzerland—In the current uncertain environment, one hedge fund guru is in no doubt where investors should put their money – gold.
The fund manager, who wishes to remain anonymous, was unequivocal in his belief and was bullish on the longer-term outlook for the value of the precious metal: “Thousands of dollars per ounce,” he says. “Thousands.”
By the end of 2012, he sees the price of gold at between $2,000 and $3,000 per ounce. Even the bottom end of that range would represent a handsome gain. On the New York Mercantile Exchange Thursday, gold was trading at $1,726.10 per ounce.
“Gold is at the intersection of money trends,” says the hedge fund boss. “The only non-fake money is gold.”
The investor says there are lots of ways to get low-risk exposure to gold if there is a sustained loss of confidence.
- Jonathan Buck, with Barrons.com, read the full article here:
The fund manager, who wishes to remain anonymous, was unequivocal in his belief and was bullish on the longer-term outlook for the value of the precious metal: “Thousands of dollars per ounce,” he says. “Thousands.”
By the end of 2012, he sees the price of gold at between $2,000 and $3,000 per ounce. Even the bottom end of that range would represent a handsome gain. On the New York Mercantile Exchange Thursday, gold was trading at $1,726.10 per ounce.
“Gold is at the intersection of money trends,” says the hedge fund boss. “The only non-fake money is gold.”
The investor says there are lots of ways to get low-risk exposure to gold if there is a sustained loss of confidence.
Saturday, January 28, 2012
Friday, January 27, 2012
Wednesday, January 25, 2012
Gold Extending Gains On Realization Fed's Only Option Is CTRL+P
Update: $1700
"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."
"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."
- Read the full article at ZeroHedge, here:
Monday, January 23, 2012
Ben Davies - Funds Will Pile into Gold after Missing the Rally
"I would say that (with gold) coming in $1,570 at the start of the year, you would have to believe the market had more upside. But people aren't really invested and the market is rising on this monetary asset growth. It’s really inflation that’s driving this, underpinning the market.
The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”
The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”
- Read the full article at King World News, here:
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