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Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Sunday, June 5, 2011

James Turk : Gold is a sterile asset

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation



One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.


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)

Thursday, February 17, 2011

World Gold Council 2011 outlook for Gold

Feb. 17 2011 | Gold demand hitting a 10-year high in 2010, with George Milling-Stanley, World Gold Council, and CNBC's Bob Pisani.

Wednesday, February 16, 2011

Gold, Copper Due for Pullback

Feb. 14 2011 | Copper and gold prices have seen a run-up and John Licata, Chief Commodity Strategist at Blue Phoenix says they are now due for a correction. He tells CNBC's Karen Tso and Martin Soong what looks attractive to him now in the commodities space.

Tuesday, February 1, 2011

Gold is having technical problems breaking above $1,350

Jan. 31 2011 | Todd Horwitz, chief strategist at Adam Mesh Trading Group, says gold is having technical problems breaking above $1,350. Michael Preiss of Standard Chartered Bank believes investors should reduce their precious metals holdings. They share their thoughts, with CNBC's Martin Soong.

Friday, November 26, 2010

Gold Weakens as Dollar Gains on Europe Debt Woes


By: Reuters
Gold fell 1 percent on Friday as the dollar pushed to fresh two-month highs against the euro on worries that Ireland's debt crisis was spreading and on growing speculation of an imminent Portuguese bailout.
However, gold was underpinned by some modest safe haven buying amid investor nervousness over the European debt crisis after a newspaper report that euro zone nations were pressuring Portugal to follow Ireland's lead and seek a bailout. Portugal and Germany's finance ministry denied the report
read entire article

Tuesday, November 9, 2010

Silver, Gold prices up on global crisis fears

Gold and silver surged to a record high fueled by inflation and euro zone sovereign debt woes. Gold is hovering around peak levels- exceeding the 14-hundred-dollar-per-ounce mark. Silver is also maintaining its gains, having risen to a 30 year peak. Analysts say the demand for precious metals could continue to climb - amid low interest rates, the European sovereign-debt crisis, and jitters over the global economic slowdown. RT discusses the issue with Manoj Ladwa, Senior trader at E-T-X Capital, who is in London.

Monday, November 8, 2010

China Loves Gold

Pu Yonghao - China Loves Gold, India Loves Gold. (23-Sep-10)

Thursday, November 4, 2010

Saturday, October 23, 2010

Gold At $1,750 -- But When?

In 36 months three huge events are likely to happen which will drive the price of gold to $1,750. The first to pop will be the Australia housing bubble (see here: http://www.heraldsun.com.au/money/aus... -- this will lay bare the Australian economy. The second event is the fall of Japan (see here: http://blogs.wsj.com/source/2010/07/1... into bankruptcy, which will not only bring devastation to the Japanese but implode the world's second safe-haven currency, the Yen. The third event will be the Canadian housing bubble (see here: http://www.nationalpost.com/opinion/c... and debt bubble (see here: http://www.theglobeandmail.com/report... collapse. Furthermore, gold's price is unlikely to significantly fall, because America's total credit market debt as a percent of GDP is at its highest ever (360%) (see here: http://www.pimco.com/LeftNav/Featured... only meaning prolonged stagnation in the world's biggest economy, especially, if the U.S. government insists on creating debt as the private sector tries to pay it off. But that's only part of the 'gold-is-up' argument, because Germany is engaged per quarter in a $1 trillion-plus de-leveraging from the U.S. economy (cash that has helped to finance our domestic investment and economic activity for the last decade), and without it, further Treasury bond market manipulation by the Federal Reserve will occur to fill "the German liquidity gap". That means a broken and contracting U.S. credit system (see here: http://blog.rebeltraders.net/2010/07/... is a given for the future, only meaning a continually sustained strong gold price -- as a broken U.S. credit system means a blinkered U.S. economy with low foreign and corporate investment with concurrent diversification into gold. We would also be remiss to ignore that the London Bullion Market Association's (LBMA) statistics for May show that (see here: http://www.gata.org/node/8858) "*the average net daily trading in gold by LBMA member banks jumped a massive 50 percent from the month before to 24 million ounces each day from 16 million ounces each day. That translates to $7.5 trillion annually. If an operation is running on a razor-thin fractional reserve basis, such step changes are often fatal. It appears that a run on the bullion banks has commenced [which is why the LBMA and BIS is trying to conceal gold swaps information].*" Indeed, and do not be mistaken into seeing pass why the dollar is strong right now -- a falling dollar is unlikely as there are too many global debts denominated in dollars (i.e. too many people who want to unwind their debts and have to get dollars to do so, keeping the price high) but that cannot last forever and that's not a vote in confidence in the greenback. Gold is going to $1,750 in three years -- the only other choices are the Swiss franc (see here: http://www.telegraph.co.uk/finance/co... or emerging markets (see here: http://www.ft.com/cms/s/0/8c6ca37e-96...

Friday, September 17, 2010

Gold, Silver and Precious Metals Continue to Outperform the Market

Gold, Silver and Precious Metals Continue to Outperform the Market


by: Tom Cleveland, September 14, 2010

for : goldbasics.blogspot.com



From an investor perspective, the year of 2010 will go down in history as one of strange behavior, as basic time-honored correlations broke down and risk aversion seemed to grip the fragile psychology of both traders and investors alike. The threat of debt defaults from Greece and several other European member states have produced a steady drip of news on our respective foreheads since last year, while fears of a double-dip recession have blinded everyone’s vision of the road ahead.


The stars on this global stage have been Gold, Silver and other precious metals. Gold has had such incredible appreciation over the past decade that it is sometimes difficult to believe that it is not perched upon a precipice, waiting for an inevitable correction to occur. Other than general surges and minor consolidations, due more to speculation than anything else, Gold continues to outperform other basic indexes on an annual basis. Traditional correlations have also been broken in the process as the Dollar and Gold have chosen to join themselves at the hip for all of 2010, a break in the expected inverse trend.


Gold is not alone. Silver and other precious metals have also fared well over the period, although not to the same extent. Today, once again, Gold and Silver spiked up due to contrary news coming from Europe. Each metal has made significant gains during 2010, as new record highs have been set along each metal’s respective triumphal path.


The correlation in growth between both metals for the last year, as depicted in the chart above, has been quite remarkable. For the year, Gold rests at about 25% while Silver is just below 20%. The S&P 500 index has eked out an 8% gain, perhaps a little higher if dividends are thrown in, but the comparison is the reality of the moment, even after a record earnings season for the June quarter where earnings year-over-year were in the 35-40% range. More importantly, Gold and the stock index have been inversely correlated since May. The S&P 500 index just crossed its 200-day moving average, a sign of better times to come, but coincidentally enough, Gold just set a new record high in the process. Do correlations mean anything in this year of “strangeness”?


The breakdown in traditional correlations has confounded many analysts as they search for indications of how temporary these reversals might be. Currency trading has benefited from recent volatility, but choosing a currency to ride may not have the same gleam as Gold. Gold has always appreciated when the Dollar depreciates, but not so for the past year. The opposite has been true regarding the Euro and Gold, but once again, the times, they are a-changing. Gold and the greenback have be entwined in a dance for nearly ten months, while the Euro has become a wallflower searching for a potential suitor.


Risk aversion and its related flight of capital to safe havens are seen as the villains on this dance floor. Under these conditions, the primary beneficiaries are U.S. Treasury Bills and precious metals, especially Gold and Silver. Increased demand across the board has kept the Dollar and metals on their upward tracks. However, currencies do not have intrinsic value. Capital outflows may impact the relative value of the Dollar, but Gold is hardly a temporary investment.


"The question on everyone’s lips is whether now is a good time to buy
more Gold or Silver? Timing , which also applies in forex appears to be the only concern these days. Technical
indicators presently show that both metals are in an “overbought”
condition, suggesting that a small correction in price may be imminent. In
the last three weeks alone, Silver has risen 15%, while Gold marched on at
a 5% clip. A small pullback is to be expected after such impressive run
ups."


What do the fundamentals say? Here is a quick recap for Gold:


*

Intrinsic Value: There is no sign that Gold will lose its luster or safe haven status;
*

Hedge Against Inflation: Over time, interest rates in the developed world will move up as recoveries proceed. Inflation concerns in the U.K. already exist. Gold is the perfect hedge for the perfect “inflation storm” that is slowly brewing in developed countries;
*

Mining Prospects: Taxes on mining interests has not slowed exploration, but new supplies are not expected to flood the market;
*

Industrial Usage: No signs for decline foreseen in this area;
*

Current Inventories: Central banks have no reason to release or sell their massive reserves. China would gladly exchange Dollar CDs for Gold today.


The year of 2010 has confounded investors, but Gold and other precious metals continue to retain their intrinsic values and appreciate beyond everyone’s expectations. Entry timing may be the only concern at the moment.




Tom Cleveland 5218 Shirley Rd. Gainesville, GA 30506

tgcleveland@gmail.com September 14, 2010

Saturday, December 12, 2009

George Gero Gold Buyers may return

Stocks in this video: SGOL | ABX | GOLD | GLD | AU | NEM | IAU

NEW YORK (TheStreet) - George Gero, vice president of global futures at RBC Capital Markets, reveals his current trading range for gold and when he expects momentum buyers to come back into the market.





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Friday, December 11, 2009

Gold price takes hit as greenback firms

Strong jobs data in the United States, leading to a rebound in the greenback has seen the gold price pulled back as much as $80 an ounce after powering beyond the 1200 an ounce mark last week.

After a month of successive all time highs, gold succumbed to a sell off driven by better than expected US employment data, which pushed the U.S. dollar higher.













Wednesday, December 9, 2009

Gold Precious Metals The Best of the Decade

Gold is up about 16% in the past three months and about 300% in the last 10 years. Frank Holmes, manager of the US Global Investors Precious Metals Fund, which is up 450% in the past decade, shares his insight.




























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Monday, November 30, 2009

The future of Gold - Fox Business News

Fox Business News - The future of Gold hosted by Liz Claman


Related Tags: Fox Business News The future of Gold hosted by Liz Claman Bill Murphy GATA Gold Silver Fed Geithner Obama Summers Dollar Max Keiser Barack Finance Peter Schiff Alex Jones Ron Paul Liberty Freedom Ben AdrianDouglas Gold, Futures, Inflation, Manipulation marc faber CNN David Tice Jim Rogers Dave Morgan Monetary Hyperinflation Currency Battaglia Casey Chris collapse crisis deflation depression haven Hommel investment James Jason Joe Puplava recession revolution riots rise safe Sinclair Turk Waltzek SkiGoldStocks Jeffrey Kern Financial Tube Commodities Natural Gas Treasuries China Japan Asia Willie Energy Economy Oil COMEX Default Economic GoldMoney Mint Perth storage Mining Juniors amero bailout bernanke bob bretton BULL bullion chapman coin crash credit federal fiat IMF jp lindsey market maxwell Moriarty reserve rothschild soros wallstreet weimar williams zeitgeist Puru Saxena, Oil, Energy, Gas, Commodities, Silver, Stocks, Shares, Asia, Taiwan, Korea, Japan, Copper new standard woods addendum Aaron Smith, Bear Market, Arabia europac Febuary January Saudi Videos Technical Analysis Eddy Gofsky Investing NaturalGas patriot radio Skarica Hyperinflation, Dollar, embry john larouche Maloney Michael rockefeller tarpley wearechange webster Charts Reflation great printing taxpayer theft 20 2008 CNBC Fast Interest November Rates swine flu Glenn beck Gerald Celente Nouriel Roubini George Warren Buffet scandal Fema Camps toxic assets NWO UK Britain pound sterling Dobbs civil unrest turmoils Icke meltdown Worst Scenario 2020 mayors stimulus wisely Illuminati world order skull bones bohemian grove AC360 Anderson Cooper FOX Bloomberg aljazeera buffett downturn fall marcket trader Madoff Schould Secretary Treasury this Ponzi Scheme Newsroom lateline australia

Friday, November 27, 2009

Gold Sets New Record in Asia - Market Report



In todays market report gold powered to another record high in Asia Monday, as U.S. economic doubts grow.

Bullion prices, up 32 percent this year alone, have ticked off a string of highs with eyes on $1,200 an ounce by next year.

Oil was up on heightened tensions between Iran and Western nations. Senior officials from six world powers voiced disappointment that Iran had not accepted proposals to delay its nuclear weapons potential.

Iran's armed forces launched a large-scale air defense war games Sunday, coming as the country is facing pressure over its nuclear program.

Asian shares edged higher at the start of a holiday-filled week. Japanese financial markets were closed Monday.

South Korea's LG Electronics dipped on market talk if may bid for Hynix Semiconductor, the world's No.2 memory chipmaker.

LG shares were also pressured by news Apple's iPhone would go sale in the country from Saturday, offering by the No.2 mobile player KT Corp.
Category: News & Politics
Tags:
NTD NTDTV Market Report Gold Money Economy Bullion price Iran Western nations Nuclear weapon Financial market Memory chipmaker

Wednesday, November 18, 2009

ETFs Mining or Physical Gold . How to play the Gold Market Now ?

Market Slam: Gold Options

ETFs Mining or Physical Gold . How to play the Gold Market Now ?
NEW YORK (TheStreet) - Dan Dicker, expert trader, talks with David Greenberg, president of Sterling Commodities, and Jeff Carter, CME trader, to get their take on the gold market and how to trade the precious metal.

Monday, November 9, 2009

Sean Brodrick talks about gold and dollar decoupling

is gold decoupling from the dollar and can it be sustained?


Sean Brodrick talks about gold and dollar decoupling
recorded on November 6th 2009



Tags:
gold decoupling dollar silver bullion Sean Brodrick max keiser Peter Schiff economy economic collapse crash oil bubble doom depression recession jim rogers marc faber ron paul euro currency crisis stagflation commodities bear bull market cramer don harrold forex david morgan mish shedlock james turk fiat money bank

Saturday, November 7, 2009

Gold Hits Record High as Dollar Weakens GM to Hold

Bloomberg's Jane King summarizes the day\'s top stories in the Bloomberg Business Report

Tags : Dollar GM Gold Currencies Precious Metals China Depletion Devaluation Dollar Federal Inflation Oil Paul Reserve Ron Bear Bloomberg FED Gold Jim Money Paul Rogers Ron Stearn Ben Bernanke Depression Economist Estate Housing Hyperinflation Meltdown Mortgage Real Subprime peter schiff AC360 Anderson Cooper Inflation CNN David Tice Jim Rogers Ron Paul Marc Faber lateline australia Newsroom Your Money Bloomberg Volker Economy Depression Bailout Dollar Commodities, Gold Gold, Precious Metals Silver Morgan Silver-Investor Adrian Douglas GATA Natural Gas 10 2009 Hyperinflation January Leeb Recession Stephen Barack Obama Bug Kudlow Schiff, Bailout, Credit Crisis, Bill Seidman bank brothers FED leman prining economist estate housing meltdown mortgage real subprime 2008 Brown Campbell Deflation Interest November Rates CNBC Fast 21 Geithner Part Tim International Bailouts December MSNBC 12 Beck Glenn Radio Show Gartman Auto

Thursday, October 29, 2009

Gold Futures Slumps As Dollar Climbs

Analysis and discussion with PanAust Managing Director Gary Stafford.




Tags: Gold Dollar Currencies Stafford hina Depletion Devaluation Dollar Federal Inflation Oil Paul Reserve Ron Bear Bloomberg FED Gold Jim Money Paul Rogers Ron Stearn Ben Bernanke Depression Economist Estate Housing Hyperinflation Meltdown Mortgage Real Subprime

Tuesday, October 27, 2009

China bought IMF Gold , November will be volatile

Gold on Hold


NEW YORK (TheStreet) -- George Gero, vice president of global futures at RBC Capital Markets, argues that gold prices will stay in a narrow range but that November will be a volatile month for the precious metal.
Mon 10/26/09 10:41 AM EST -- Alix Steel
Stocks in this video: SGOL | ABX | GLD | FCX | SSRI | SIRV | NEM | AUY


Tags : China Depletion Devaluation Dollar Federal Inflation Oil Paul Reserve Ron Ben Bernanke FED Gold Jim Money Rogers American Bernanke Bush Ci False Fema Flag Gas Military New North Opec Order Street Union Wall World Bartiromo Business CNBC Maria OIL Builders Euro Home Investing Market Soros Stock Yen Yuan