Asia is driving the demand for gold

In 2011 China's investment in gold could rise by 40-50 per cent

The gold market is increasingly being dominated by China. Beijing, which in 2007 surpassed South Africa as the world leader in gold mining production in the last ten years has almost tripled the demand for gold to around 600 tonnes in 2010 a record year also globally, with a total demand that peaked decades of 3812.2 tons (+9%), driven by the jewelry, in recovery of 17% to 2,059.6 tons.
The statistics of the World Gold Council (WGC), published recently in Gold Demand Trends report, show that China's demand has become very explosive especially in investment, in other countries after the boom of 2009 there was a setback (the overall figure shows a decrease of 2% to 1,333.1 tons, a decrease by as much as 45% for ETFs), while the People's Republic of fear of inflation combined with the lack of alternative investment has produced a real own gold rush. The Chinese have bought 179.9 tons. bars, ingots and coins, 70% more than in 2009, surpassing the United States and Germany. In 2011 China's investment in gold could rise another 40-50 per cent.

China, nevertheless, is still far from being able to oust India from the podium of the first consumer of the yellow metal. The impressive recovery in demand in New Delhi makes this objective even harder for China : +66% in 2010 to 963.1 tons, almost everything related to jewelry.

The gold in 2010 reached a record $ 1,432.50 per ounce in December. After starting the year down in recent days - especially supported by the unrest in the Middle East - is above $ 1,380 / oz. "It seems that consumers, especially the larger ones, namely India and China, have become accustomed to higher prices . The high prices seem to even have provided an extra motivation to buy gold, described as an investment asset quality. "

Currency Call in light of Middle Eastern Crisis

Feb. 21 2011 | How currencies are likely to react in light of Middle Eastern events. The market currently appears to be ambivalent, but that could change and money may begin flowing into European currencies, says Boris Schlossberg, GFT Forex. He adds that higher gasoline prices could seriously damage the U.S. recovery

Dollar Outlook - CNBC Feb. 21 2011

Feb. 21 2011 | The rally in U.S. bonds won't be enough to protect other currencies from weakening against the dollar, says Richard Yetsenga, global head of emerging market FX strategy at HSBC. He shares his outlook with, Adrian Mowat of JP Morgan and CNBC's Karen Tso & Martin Soong.

Oil Super Spike! Silver Breaks $34 an ounce!!!

Gold is going CRAZY right now! I saw it go up 60 bucks in the last 5 days.. silver up 4 bucks in the same time We aren't breaking even with the rest of the world yet. Silver overseas is trading at over $45. When we hit that, then we can start seeing the real rises in price.US will never ever (or afford to) pay back the loans from China, Japan, Saudi, Korea, Taiwan..... Someone works out it will take 40 + years 40 + years....if the US decides to pay back 1 billion dollars a day. Yep, most of us would be gone by then.

Oil is going to be at the center of our problems. Middle East instability is heating up. Never mind peak oil just the instability alone will cause oil production slow. Saudi Arabia is firing on its own people this will only escalate things. The whole region is on fire right now. Oil, Metals, all commodities are going nuts. Treasuries are sun setting making me feel something big is coming soon.

Max Keiser takes on Jon Nadler of KITCO

Max Keiser takes on Jon Nadler of KITCO



Nov 2006: Jon Nadler predicted gold average to be $800 per ounce for 2010. The 2010 high was $1,423 & the low was $1,061.

Oct 2008: Nadler predicted gold to be in the low $500 an ounce range in 2010 LOL.

Dec 2008: Nadler predicted 2009 price of gold average would be $810 per ounce. Wrong again. 2009 average was $972.

May 2010: With gold at $1200, Nadler predicted 2010 price would end "between $680 and $880." LMAO!

Jon Nadler : Nadlerisms : An analysis of the Kitco Spokesman : What has he said, and was he right?

David Morgan - Silver Investor - Escape The Matrix

David Morgan - Editor, Silver-Investor.com - Escape The Matrix

Oil Flows & the Middle East Crisis

Feb. 21 2011 | CNBC's Melissa Francis talks about the threat to oil production presented by the protests and violence in the Middle East, and particularly Libya, which provides about 1.1 million barrels/day.

BP CEO Bob Dudley on Libya

Feb. 21 2011 | BP CEO Bob Dudley discusses his company's recent deal with India's Reliance and how the company is coping with what's happening in Northern Africa and in Libya in particular  and the Middle East, with CNBC's Rebecca Meehan.

Commodities and the Middle East Unrest

Feb. 21 2011 | John Kilduff, Again Capital, and Sean Corrigan, Diapason Commodities, discuss the situation with oil, natural gas and gold in light of violence in the Middle East.

GoldQuest Mining Corp. - TSX.V: GQC - Face the Analyst

GoldQuest Mining Corp. is focused on cost-effective exploration in Spain and the Dominican Republic. GoldQuest aims to fast-track exploration projects to a decision stage while rapidly discontinuing those projects that fall outside the company's criteria. GoldQuest puts priority on putting experienced explorationists in the field to rapidly determine the economic potential of a prospect at an early stage.

Silver Price $33.95, Death and Mayhem in Libya, Crop Failures, Middle East on Fire!

Silver price hits just under $34.00 so far today. Gold is at $1407. Protests in Libya and across the middle east are ending in murder of the protesters. China suppresses its own Jasmine Protests over the weeend. Precious metals are shooting up over the volatility. Silver bullion in demand. Oil prices up on violence. Late breaking news has Libyan Jets firing on protesters.

Crop failures across the world threaten to send food prices higher further fueling the food riots. A rise in food and oil prices threaten any fantasy of an economic recovery and may end in an economic collapse. Inflation being created by the Fed is fueling the fires. Hyperinflation and dollar collapse remain a threat. Prepare now. Preppers.

Donald trump interview NewsMax 21 feb 2011

Are you planning to run for president in 2012 ?
Donald Trump :"...well I a thinking about it , I am looking at what's happening in this country and frankly it's very sad , I see what's happening left and right how we are being abused by other nations and I do not like it , I do not like what's happening with the jobs I am seriously thinking about it ..."

Gold breaks the barrier of $ 1400 Amid fears of protests in the Middle East

Amid fears of protests and access to oil installations in Libya
Gold tends to penetrate the barrier of $ 1400 because of unrest in the region
Gold prices continued to rise , and reached its highest level in seven weeks on Monday with the continuation of protests in the Middle East, which has increased the demand for the metal as a safe haven, while silver and platinum rose to historical high levels in light of expectations of growth in industrial demand.

Continued gold gains after surging nearly three percent in the last week, is expected to continue to rise with new reports from North Africa and the Middle East, the United States market closed on Monday because of the holiday.

higher gold prices are also due to real concerns about the supply of oil in Libya or subjected its oil facilities to disrupt or stop because of the protests, oil prices could move to record highs because of the deteriorating situation in Libya, which worried also the metals markets. "
Analysts point out that the entry of world's central banks has become the largest buyers of gold to boost their reserves of precious metals, The data of the World Gold Council released on the seventeenth of February has revealed that the growth of gold demand in the Middle East increased by 39% during the fourth quarter of last year.