NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals whether gold is headed for another selloff or a rally, and how he's trading.
Gold rallied and then -- So do we peek speculation on gold war and get an -- joining me and other key strategic opposite keep you live dot com -- gold rally on Friday the beginning of a trend higher here or Friday capped out.
At this point it was a little bit more than that cut that's because he had what's going on Egypt and in the mideast OK and gold that was having had an identity crisis. Came back to be the fear trade. Now what we're gonna do is I'm gonna look at the low from last Thursday which about the -- no -- and Monday's low of thirteen 22. -- a bit higher. I think the world doesn't really know what to make of Egypt yet is -- can go to Saudi Arabia Yemen there's a lot of Romans that this type of -- could. Continuing and I do think that this will be the start of another leg higher but if all of a sudden things quiet down and -- are taking out those -- support -- points -- reference. Then gold continues to be on its move lower reverses a new uptrend.
Tuesday, February 1, 2011
Silver Price Up. Egypt Collapsing. Food Inflation Going Higher. Buy Silver!
Silver price is up right now, the situation in Egypt is not improving. If the Suez Canal gets taken and closed, oil prices will skyrocket which will raise the price of food. The flight will then be to the safety of precious metals. All base metals are up today as well. Buy silver. All that while standing in the blizzard.
Higher oil prices will hurt ant supposed recovery in the West and could lead to a full blown economic collapse or depression. Silver bullion at these prices will look cheap. We need to a new call to Protect, Provide, Prepare and Propagate. We need to take this to our own communities, not just on youtube.
People need to prepare with Silver bullion, food, sources of energy and home defense. Pray for better times but prepare for hard times. A dollar collapse would catch many off guard right now. Food riots in the middle east could become more wide spread.
Higher oil prices will hurt ant supposed recovery in the West and could lead to a full blown economic collapse or depression. Silver bullion at these prices will look cheap. We need to a new call to Protect, Provide, Prepare and Propagate. We need to take this to our own communities, not just on youtube.
People need to prepare with Silver bullion, food, sources of energy and home defense. Pray for better times but prepare for hard times. A dollar collapse would catch many off guard right now. Food riots in the middle east could become more wide spread.
China Urged To Buy More Gold
China Central Bank advisor says China should increase gold and silver reserves, to reduce its reliance on the dollar and support convertability of its currency for cross-border transactions.
Egypt Oil Threat: Crude Passes $100/Barrel
Crude oil price futures soar past $100 per barrel. Concerns are growing over possible interuptions in the passage of oil through the Suez Canal and Suez pipeline
The Dow Closes Above 12,000
The recession still resonates in many American households. But in the stock market, the pain is gone. The Dow Jones Industrial average has closed above 12,000. (Feb. 1)
Silver Sell Off What is next? Bob Chapman 50 year Vet explains
The past week of January 17th-21st saw a sell off of the metals resulting in lower Gold and Silver prices. So what is next? Bob Chapman of the International Forcaster a 50 year veteran of investing explains what he expects for the week of January 24th-28th. This segment came from the 01/23/2010 Pat Gorman Radio Broadcast with Chris Waltzek of Gold Seek and Bob Chapman on The Hard Money Report.
paper prices mean absoluetly nothing! you want to know the real price of silver and gold? go on eBay silver is now $26.69 right? Why is it that I cant get any eagles for less than $35 shipped? huh? funny! listen back whe it was at $18-20 you could not get an eagle shipped to your door for anything less than $30....thats reality.....people need to understand these price you see on graphs are for paper contracts...you want the real price of metal go to th market! Ebay! APMEX is $29.82-$31.32 depending on number purchased....plus shipping costs. Silver curently 26.77. Basically it costs $3-$4.55 over spot plus ship cost. Ebay is great for those that want to snag a roll or two. Man I long for the days when you could buy a roll of 90% silver for melt and that included the shipping!
paper prices mean absoluetly nothing! you want to know the real price of silver and gold? go on eBay silver is now $26.69 right? Why is it that I cant get any eagles for less than $35 shipped? huh? funny! listen back whe it was at $18-20 you could not get an eagle shipped to your door for anything less than $30....thats reality.....people need to understand these price you see on graphs are for paper contracts...you want the real price of metal go to th market! Ebay! APMEX is $29.82-$31.32 depending on number purchased....plus shipping costs. Silver curently 26.77. Basically it costs $3-$4.55 over spot plus ship cost. Ebay is great for those that want to snag a roll or two. Man I long for the days when you could buy a roll of 90% silver for melt and that included the shipping!
Load Up on Silver?
Jan. 31 2011 | Kingsley Jones, international portfolio manager at Macquarie Funds Management Group, recommends gaining exposure to silver through an ETF that tracks its miners. He shares his strategy, with CNBC's Chloe Cho.
Gold could see a $100 to $150 price drop
Feb. 1 2011 | Gold could see a $100 to $150 price drop, according to Tom O'Brien, editor of "The Gold Report." Investors Should Avoid Gold
Forex vs. Equities
Investors breaking into the foreign currency market need to know that FX trading is not the same as trading stocks. Learn the differences and why they matter.
Silver Could See $30 on Egypt
NEW YORK (TheStreet) -- Anthony Neglia of Tower Trading of NYC reveals how high silver will go and how he's trading.
Gold trying to find its identity as a safe haven -- but we that leaves silver joining me for the silver trade -- nymex Antonin Anglia. -- So gold these dying on the need to -- on the flip side is that over five for that silver is the ultimate safe haven or is there something else -- the --
About silver is not the ultimate safe haven but it is the poor man's gold. So people use -- an economic -- they use it against Egypt and it also works very very well because it's a semi precious metal. It works very well -- when we have economic good times stock market doing well.
So it's really moving summer though because the safe haven demand didn't help boost gold so lets them up and -- actor living silver.
Gold trying to find its identity as a safe haven -- but we that leaves silver joining me for the silver trade -- nymex Antonin Anglia. -- So gold these dying on the need to -- on the flip side is that over five for that silver is the ultimate safe haven or is there something else -- the --
About silver is not the ultimate safe haven but it is the poor man's gold. So people use -- an economic -- they use it against Egypt and it also works very very well because it's a semi precious metal. It works very well -- when we have economic good times stock market doing well.
So it's really moving summer though because the safe haven demand didn't help boost gold so lets them up and -- actor living silver.
Goodbye Treasuries, Hello Gold, Says John Steffens
NEW YORK (TheStreet) - John "Launny" Steffens, Spring Mountain Capital founder and former Vice Chairman of Merrill Lynch, says investors should avoid Treasury...Goodbye Treasuries, Hello Gold,
Volatile Ride Ahead for Soft Commodities
Feb. 1 2011 | Belinda Allen, analyst , investment markets research at Colonial First State Global Asset Management, says the rising price of soft commodities and gold is a reflection of speculation. She shares her thoughts, with CNBC's Anna Edwards and Chloe Cho.
Bob Chapman: Gold confiscations? IRA Confiscations? 1/26/2011
Bob Chapman answers a listener "Do you think they are going to make
gold illegal again?" there is less than 2% of the Americans who own any kind of gold except jewelery , less than 1% of the Americans own any gold shares , so it is not worthwhile for them to confiscate gold and get the public mad at them says Bob Chapman the International Forecaster ....
gold illegal again?" there is less than 2% of the Americans who own any kind of gold except jewelery , less than 1% of the Americans own any gold shares , so it is not worthwhile for them to confiscate gold and get the public mad at them says Bob Chapman the International Forecaster ....
AngloGold broaching non-blast automation to mine deep gold
In what is probably the world's most comprehensive technology intervention, a worldwide consortium of some of the globe's best-known technological names are collaborating to introduce automated, blast-free, continuous gold mining at depths 5 km underground.
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.
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