"Peter Grandich, chief commentator on Agoracom.com, argues that gold prices are definitely trending higher with strong support from the physical market."
Saturday, February 27, 2010
Thursday, February 25, 2010
China To Purchase Half of IMF’s Gold
"China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.
Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said. "
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.
Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said. "
Sunday, February 21, 2010
China Will Drive Gold
"Frank Holmes, CEO of U.S. Global Investors, says China's emerging middle class will drive gold prices higher."
Tuesday, February 16, 2010
The End of Gold's Correction
"Peter Grandich, chief commentator on Agoracom.com, says that if gold prices can hold above $1,125 an ounce for two trading days that gold will be in for another leg up."
Friday, February 12, 2010
Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia
"Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt.
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-minded Indonesia, the debt-ridden Philippines and violence-ridden Colombia. By comparison, U.S. Treasuries prices are up today despite a new issuance this week."
By Megan Carpentier 2/12/10 1:47 PM
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-minded Indonesia, the debt-ridden Philippines and violence-ridden Colombia. By comparison, U.S. Treasuries prices are up today despite a new issuance this week."
By Megan Carpentier 2/12/10 1:47 PM
Wednesday, February 3, 2010
Silver Can Hit $1,500
"Mike Maloney, author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term."
Why $15,000 Gold is Possible
"Mike Maloney, Author of Guide to Investing in Gold and Silver, reveals why he thinks gold price could skyrocket to $15,000 in 5 years."
Monday, February 1, 2010
The Money Printing Continues, 1.9 Trillion More
"Bernanke will continue to print money until there are no trees left in America."
–Jim Rogers
"Those who stand for nothing fall for anything."
– Alexander Hamilton
–Jim Rogers
"Those who stand for nothing fall for anything."
– Alexander Hamilton
Tuesday, January 26, 2010
Sunday, January 24, 2010
Stay the Course!
"Stay the course but tighten your seat belt in gold.
Volatility is going ballistic but one thing is for sure and that is a $1650 minimum price objective with much more probable."
- Jim Sinclair, from JSMindset.com
Volatility is going ballistic but one thing is for sure and that is a $1650 minimum price objective with much more probable."
- Jim Sinclair, from JSMindset.com
Thursday, January 21, 2010
This is Not the Top
If you had lived through a top in the gold market, you would know that without any question whatsoever, this is not it.
Ignore those writers who wish to sell a service by feeding on your fear. Gold is going to and through $1224.10 on its way to $1274-$1278. Following that it is on to $1650 and Armstrong and Alf’s numbers.
- Jim Sinclair
Ignore those writers who wish to sell a service by feeding on your fear. Gold is going to and through $1224.10 on its way to $1274-$1278. Following that it is on to $1650 and Armstrong and Alf’s numbers.
- Jim Sinclair
Wednesday, January 20, 2010
Fiat Currencies = Zero
"Fiat currencies don't usually start out that way, and those rare cases when they have were very short-lived. Societies usually start with high value commodity money such as gold and silver. Gradually, the government hoodwinks the population into accepting fiat currency by issuing paper demand notes that are redeemable in precious metals. These demand notes (currency) are really just "certificates of deposit", "receipts" or "claim checks" on the real money that is in the vault....
1957 Silver Certificate: (One Dollar in Silver Payable To The Bearer On Demand):
Once a government has introduced paper currency, they then expand the currency supply through deficit spending, printing even more of the currency to cover that spending ….. Then, usually due to war or some other national emergency, like foreign governments or the local population trying to redeem their demand notes (bank runs) the government will suspend redemption rights because they don't have enough gold and silver to cover all the paper they have printed, and poof! You have fiat currency."
Modern day Federal Reserve Note: (Paper & Ink:
- Michael Maloney from GoldSilver.com
1957 Silver Certificate: (One Dollar in Silver Payable To The Bearer On Demand):
Once a government has introduced paper currency, they then expand the currency supply through deficit spending, printing even more of the currency to cover that spending ….. Then, usually due to war or some other national emergency, like foreign governments or the local population trying to redeem their demand notes (bank runs) the government will suspend redemption rights because they don't have enough gold and silver to cover all the paper they have printed, and poof! You have fiat currency."
Modern day Federal Reserve Note: (Paper & Ink:
- Michael Maloney from GoldSilver.com
Friday, January 15, 2010
Gold Will Hit $5,000 an Oz
"Let me get right to the point. Gold’s going to $5,000 an ounce.
I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy.
But for a whole host of reasons, $5,000 may well end up being a conservative estimate.
So before you start posting comments that I’ve gone bonkers, hear me out…
In 2001, gold traded as low as $255 an ounce. Within eight years, its price had quadrupled to more than $1,100 an ounce. How many investors thought that was possible, or even likely? Probably not very many.
Yet, it happened.
What’s more, since hitting its secular bottom back in 2001, gold has posted a positive return in every calendar year. So far, the current bull market has been pretty orderly.
During the past 10 years, gold has indeed become the trade of the decade, beating out commodities, oil, high-grade U.S. corporate bonds, U.S. Treasuries, and yes, U.S. stocks."
- By Money Morning on January 14, 2010
I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy.
But for a whole host of reasons, $5,000 may well end up being a conservative estimate.
So before you start posting comments that I’ve gone bonkers, hear me out…
In 2001, gold traded as low as $255 an ounce. Within eight years, its price had quadrupled to more than $1,100 an ounce. How many investors thought that was possible, or even likely? Probably not very many.
Yet, it happened.
What’s more, since hitting its secular bottom back in 2001, gold has posted a positive return in every calendar year. So far, the current bull market has been pretty orderly.
During the past 10 years, gold has indeed become the trade of the decade, beating out commodities, oil, high-grade U.S. corporate bonds, U.S. Treasuries, and yes, U.S. stocks."
- By Money Morning on January 14, 2010
Tuesday, January 12, 2010
S&P 400, Gold $2,500
"David Tice, chief strategist for Bear Markets, reveals his pessimistic view on the markets and what he's buying to hedge against financial crisis."
Saturday, January 9, 2010
U.S Dollar is Toast
"Take a look at the following list of news topics:
-Tishman Real Estate to miss payment on a commercial loan of over $5 billion on a massive New York apartment complex, the 2nd largest default in commercial real estate loans in history.
-California declares an economic emergency.
-Employment figures stink.
-Apartment vacancies hit record highs.
-Foreclosures are setting new records.
-Consumer credit in the US drops a record $17.5 billion.
The US dollar is toast. Gold is headed to $1650 – $1764 now.
Remember, at $1764 1,000,000 mineable ounces of gold in production will have a gross worth $1,764,000,000.
That is real money. That is honest money."
- Jim Sinclair as seen on JSmineset.com
-Tishman Real Estate to miss payment on a commercial loan of over $5 billion on a massive New York apartment complex, the 2nd largest default in commercial real estate loans in history.
-California declares an economic emergency.
-Employment figures stink.
-Apartment vacancies hit record highs.
-Foreclosures are setting new records.
-Consumer credit in the US drops a record $17.5 billion.
The US dollar is toast. Gold is headed to $1650 – $1764 now.
Remember, at $1764 1,000,000 mineable ounces of gold in production will have a gross worth $1,764,000,000.
That is real money. That is honest money."
- Jim Sinclair as seen on JSmineset.com
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