Tuesday, October 16, 2012

Obama Better for Gold Bugs

Another term of Barack Obama would be bullish for gold : Phil Streible, Sr. commodities broker at RJO Futures, says Mitt Romney’s pledge to boot Fed Chief Ben Bernanke if he wins puts him at odds with gold investors. An Obama win would be positive and bullish for gold says Phil

Jim Rogers : Gold & Silver will both go much, much higher over the course of the bull market. The bull market has years to go

Daily Bell: Hello, again. Let's jump right in. Where is gold headed – US$5000 an ounce? Is silver headed toward US$350?
Jim Rogers: I'm not smart enough to know something like that. I own gold and silver and there are a lot of bulls right now. If you look at open interest and see all the speculators who own gold and silver, that's usually a worrisome sign. I mean, I am not selling my gold and silver, I assure you, but I do worry about all these speculators getting in the market.
Gold and silver will both go much, much higher over the course of the bull market. The bull market has years to go. How high it will go, I don't know, but maybe read your newsletter – I read it everyday – and so read your newsletter and you will find out where gold and silver are going. I'm not smart enough to know things like that. - in Daily Bell
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