James Turk: You really can't predict what event or what catalyst will occur to cause the metals to move higher, it's just an ongoing bull market. You know my long-term forecast going back to an interview in Biarritz in 2003 when gold was about $350/oz was that sometime between 2013 and 2015 gold would be $8000/oz and I' sticking to that forecast. And that forecast is not based on crystal balls or anything of that nature, it's basically just mathematical that when you go into a financial bust, and one began in 2000, people prefer tangible assets over financial assets because in a financial bust a lot of promises that have been made are broken, and when those promises are broken, confidence in the system falls and people move to tangible assets because they want to own things like gold because gold doesn't have counterparty risk. We're still very much in this major trend and as the problems in Greece continue to unravel because I don't think this parliament bill that's been approved is going to have any long-term positive effect, and other problems in Europe - in Italy and Spain continue to unfold, and recently now the bond-raising agencies have marked the united kingdom for a possible downgrade which would take it from its AAA status. All of these cumulatively are providing reasons for people to move out of financial assets, to move into tangible assets, so I expect this trend to continue. But what event it's going to be you can't really predict that, you just have to play the bull trend, continue to accumulate the metals - I've been recommending a dollar cost averaging programme to do that and focus on much higher prices in the years ahead, as all these problems come to a head.
Saturday, February 25, 2012
The Rothschild are subscribers of the International Forecaster of Bob Chapman
Bob Chapman - AROOSTOOK WATCHMEN - Feb. 21, 2012 : The Rothschild in London are subscribers to the international forecaster of Bob Chapman as well as Fidel Castro and Chavez , the very minute it is published it went into every US embassy and consulate says Bob Chapman
SILVER BREAKOUT David Morgan & Alan Butler
Why Silver Will Soon Go Ballistic .Let's call SILVER and GOLD: "monetary commodities". And silver is a rather "complex commodity" as I like to call it due to it's dual interest both as an investment and an industrial metal. The price of silver once it passes $50.00US here in the short term will now begin to gain some incredible momentum and occasional wild volatility as investors pile into the metal. The trend is UP!
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
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: GoldSeek Radio - 2/24/2012
Bob Chapman: GoldSeek Radio - 2/24/2012 : there is no housing recovery , rents prices might come down a little bit
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