03.19.10- Are We Still on the Road to $5,000 Gold?
Last month George Soros was revealed as the latest convert to the gold camp with a substantial hoard of gold related assets. The news followed his remarks about gold being the ‘ultimate bubble’ at the World Economic Forum in Davos that were widely misunderstood as making him a seller. Read More 03.18.10- Idaho's plan to downgrade the dollar
With only one state representative dissenting, the Idaho House State Affairs committee voted on Monday to endorse HB 633, a bill that would allow Idaho citizens to pay their state taxes with an official state silver medallion. The news comes just a month after a South Carolina legislator introduced a bill seeking to ban Federal currency altogether, and replace the upstart greenback with gold or silver coins. A half-dozen other states have considered similar legislation, reports the Tenth Amendment Center. Read More 03.17.10- Where Silver Is Headed
03.16.10- Through a Looking Glass Darkly
I forget who first said it, but it was, "A $ million here a $ million there, pretty soon we are talking about real money." It took approximately 20 years before it became "A $ billion here a $ billion there.." and it wasn't very long before "A $ billion "became "A $100 billion" Now, virtually overnight while no one was watching, it's become "A $ trillion here a $ trillion there" Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it. Danger International markets are forming major Bearish Topping Patterns. A warning that a Worldwide Cataclysmic Economic and Stock Market collapse is directly ahead. Read More 03.15.10- Answering the Skeptics
I understand the reporter's skepticism and recognize that it is prevalent among those who have not taken the time to study the circumstances in silver. Read More 03.13.10- China wants to lord over gold and forex markets
03.12.10- Silver in the
Next Decade
As some of you know, I have finished a new seminar recently that I have only presented one time. This presentation focused on what is expected in the silver market for the next decade. Frankly, when beginning this study I was not really certain what conclusions could be determined about the future of the silver market. The main thinking was that the investment demand for silver would drive the price far higher than present and this is in fact the case as we go through this report. But it was also determined that silver's unique properties will be in higher and higher industrial demand over the next decade as well. Read More 03.11.10- Days Not to Buy Gold Identified
03.10.10- China Cannot Afford to Buy Gold
China has 1,054 tonnes of gold. So what? With a population of 1,336,260,000 people, that equates to 0.78 grams per person. You need three times that amount for just one wedding band. Just to give you an idea of how ridiculous their holding is, it should be pointed out that debt ravaged Greece with its 112.4 tonnes has the equivalent of 9.98 grams per person or 12.79 times more than China. In fact China would have to buy an additional 12,282 tonnes of gold just to match a bankrupt Greece. The market value of this additional purchase would be over $440 billion. If China wanted to match the USA on a per capita basis (presuming there is any gold in Fort Knox) it would have to purchase over 34,000 tonnes and pay over $1.2 trillion. Read More 03.09.10- Warning Of A Gold Super Spike
Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these "financial weapons of mass destruction" levy heavy casualties. These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye. Read More 03.08.10- Time for Silver to Shine?
Adjusted for inflation since 1980, silver prices should be trading at roughly $128 an ounce. But massive manipulation from four major short-sellers, including J.P. Morgan (JPM), has placed enormous pressure on silver over the last several months even as investment demand soars - mainly from booming coin sales and ETFs, or exchange-traded funds. Read More 03.06.10- Silver is the best investment in the world
One cannot pick tops and bottoms and short term forecasting is for fools. Nevertheless, one has to do their best to see overall bottoms and tops. We feel silver has bottomed at the $16 level and it's time to back up the truck. It just does not matter if you buy silver at $14, $16, or even $18 when it goes to $200 and keeps going. Silver is the best investment in the world. Buy bullion and store it yourself. Do NOT buy paper silver of any kind, or let anyone store it for you. Why aren't we recommending silver stocks anymore? They are a fantastic bargain, and the HUI is currently only about 400. Read More 03.05.10- Penny Mining Shares,
Seems the world is fixated on the U.S. Dollar and many see it going substantially higher. In our opinion, the charts do not support that conclusion and we see the dollar having topped out and now heading lower. Read More Copyright © 1996-2009
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