Bob Chapman, The International Forecaster, discussed a variety of topics during the first hour of the Thursday January 27, 2011 episode of the Freedom Files with James Burns Radio Show.
Thursday, January 27, 2011
Gold to Silver Ratio remains below 50 - The Silver Log (01.27.2011)
The paper and physical pricing has already diverged in my opinion. If you search eBay's completed listings on Scottsdale Silver 1oz. bars you'll see they are STILL averaging 34-36 dollars an ounce. Demand is raising the price of silver, and you will continue to see it skyrocket in price as demand dwindles. Purchase directly from the dealer to get closest price to spot. Keep on stacking!
Gold Price down double digit
Absent Gold Investors Wound Gold Prices
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, says gold is not fulfilling its role as a safe haven asset and lack of investor demand will continueGold break down double digit because gold index -- spot right down more than ten dollars a gold futures are actually flat. Joining me -- Jon Nadler senior analyst at kitco dot com. And done that big decline in the spot price for being with recovered somewhat from overnight -- is that in the -- we've seen from the deal -- this week.
Commodities End Lower as Gold, Oil Futures Fall; Cotton Surges to Record
Commodities ended trading lower with crude oil and gold futures finishing in the red. Crude oil in particular was pressured by a larger-than-expected increase in weekly jobless claims and supply data.
U.S. weekly jobless claims rose more than expected and the Department of Energy data reported an unexpectedly sharp build in U.S. crude inventories, which indicates slow demand. The DoE said inventories jumped 4.8 million barrels in the week ending Jan. 21, compared to analyst expectations of 900,000 barrels.
Light, sweet crude oil for March delivery finished down 1.9%, or $1.69, to $85.64 a barrel. In other energy futures, heating oil was down 0.10% to $2.66 a gallon while natural gas was down 3.47% to $4.33 per million British thermal units.
Meanwhile, gold futures finished lower after Europe's central banker said that key central banks are committed to keeping inflation down, reports MarketWatch.
Gold for February delivery finished down $14.60 to $1,318.40 an ounce. In other metal futures, silver was down 0.56% to $26.97 a troy ounce while copper rose 1.69% to $4.33 a pound.
The U.S. dollar index (DXY) is down 0.26% to $77.70.
U.S. weekly jobless claims rose more than expected and the Department of Energy data reported an unexpectedly sharp build in U.S. crude inventories, which indicates slow demand. The DoE said inventories jumped 4.8 million barrels in the week ending Jan. 21, compared to analyst expectations of 900,000 barrels.
Light, sweet crude oil for March delivery finished down 1.9%, or $1.69, to $85.64 a barrel. In other energy futures, heating oil was down 0.10% to $2.66 a gallon while natural gas was down 3.47% to $4.33 per million British thermal units.
Meanwhile, gold futures finished lower after Europe's central banker said that key central banks are committed to keeping inflation down, reports MarketWatch.
Gold for February delivery finished down $14.60 to $1,318.40 an ounce. In other metal futures, silver was down 0.56% to $26.97 a troy ounce while copper rose 1.69% to $4.33 a pound.
The U.S. dollar index (DXY) is down 0.26% to $77.70.
Potash Shares Higher Following Q4 Earnings News
Shares of Potash (POT) are higher in mid-day trading after the company said it earned an adjusted $1.77 per share in Q4 on sales of $1.81 billion. The Thomson Reuters mean was for $1.65 per share on sales of $1.62 billion. It raised its 2011 earnings forecast to a range of $8.40 to $9.60 a share. Estimates are for $8.89 per share. Potash also declared a 3-for-1 stock split. Potash shares are up 2.5%, or $4.24, to $172.86.
THREE MAGIC WORDS,silver platinum and palladium or TRUTH,COMMITMENT AND PASSION?
I share some motivation for the day silver,commitment,platinum,passion,TRUTH
,GOLD
Hi Jack, Great job keep up the good work, love those Quotes you use in your vids, brilliant wisdom! I write them down now. Can you make a video on those great quotes? Commitment, Passion, Truth I love it & although most others think I should be committed I keep Stacking.
Will the Gold Rush Continue?
Jan. 27 2011 | Richard O'Brien, CEO of Newmont Mining, one of the world's biggest gold producers, joined CNBC in Davos. "I foresee that we're maybe halfway in the gold cycle," he said. "I think we're going to see less supply," he added.
David Morgan talks about the fundamentals of Silver on HoweStreet
David Morgan appears on the Money and Wealth Show on 5-1-2010
Morgan says there's 1 billion oz of "investing grade" silver above ground , Wikipedia says there are 160000 tonnes of gold above ground. And only 40-50 thousand tonnes of gold are in investments(1.2-1.5 billon ounces). Everything else is in jewerly/electronics.
Morgan says there's 1 billion oz of "investing grade" silver above ground , Wikipedia says there are 160000 tonnes of gold above ground. And only 40-50 thousand tonnes of gold are in investments(1.2-1.5 billon ounces). Everything else is in jewerly/electronics.
How to Trade Commodity ETFs
NEW YORK (TheStreet) -- Dan Dicker, senior contributor at TheStreet, says commodity ETFs can be used as hedges and he reveals the best ones and the best trades.Commodity ETS shouldn't you be buying them joining me and Dan Dicker senior contributor at the street. And I know you hate each yes in general but for an investor looking attract the spot price and underlying commodity do you think physically backed ETS makes sense to any yet so there are.
In Gold and Silver have covered their shorts and they are going to go long
Bob Chapman on Discount Gold and Silver Trading Jan 26 2011
Bob Chapman : the banks have covered their shorts and they are going to go long , there is a big move coming in gold and silver and they wanna be in on it ,great buying opportunity , buy with both hands , get as much money as you can and buy hand fests ....Energy Panel at Davos
Jan. 26 2011 | Energy is among the hot topics at the annual Davos meeting, with James Rogers, Duke Energy chairman, president & CEO, and Marco Dunand, Mercuria Energy Group president & CEO.
Will Flood Tax Hurt the Aussie?
Jan. 27 2011 | Discussing the impact of Australia's new flood levy on the country's economy and currency, with Lee Wai Tuck, currency markets strategist at Forecast and CNBC's Chloe Cho & Anna Edwards.
Donald Trump Reacts to State of the Union
Trump Organization CEO Donald Trump argues President Obama failed to flesh out how he is going to tackle spending and other issues.
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