Tuesday, September 6, 2011

Silver Prices Are Anemic

Silver is definitely having trouble it is a little anemic here at 42 dollars , it does not really have the legs that I thought it would have " says analyst Anthony Neglia president of Tower Trading , silver being also an industrial metal and with this slowing economy it is lagging behind



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Bob Chapman - GONOB RADIO - 5TH SEPT 2011

Bob Chapman : The FED is going to continue to purchase the treasuries about 80 percent of the issuance that runs around 900 billion a year that they'll make up out of thin air

Gold to Hit $2000 an Ounce on the Short Term

Gold hovers around the psychological level of $1900 on European debt woes , after it has reached an all time high yesterday night at around $1920 before puling back this morning of the news from Switzerland about the Swiss Central Bank imposing a ceiling on its Swiss Frank , some big investors had to sel some gold in order to recover the losses on the Swiss franc, but Gold is now back around $1900.David Lennox, resources analyst at Fat Prophets, says he's given up on setting a year end target for gold and believes that the current price is a psychological barrier to break through with the news at hand.

Gold up 25% in the last 3 months alone

Gold back above 1,900 dollars again , Gold price creates new intraday record on Asian trading this morning .Gold together with silver is a currency a monetary metal , who cares really if the jewellery demand is shrinking as long as the demand for Gold bullion is exploding worldwide and people are starting to wake up to the fact that the only real money out there is Gold and Silver . "Gold is continually showing that it wants to go higher when the markets are going lower, and that seems to be the key change that's happened during the summer," says Ned Naylor-Leyland, investment director at Cheviot,

Gold Falls From Record Price as Swiss Central Bank Imposes Franc Ceiling



Gold fell from a record in London as some investors sold metal to cover losses in the Swiss franc after the country’s central bank imposed a ceiling to the exchange rate. The Swiss franc tumbled after the bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed. Ministers from Germany, Finland and the Netherlands will meet today to discuss a Finnish demand for collateral in a bailout for Greece, while the Italian Senate will debate an austerity plan amid a strike. Read Article @ Bloomberg >>>>>>
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