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inside information on the health of the stock market by Alex Jones while talking to Ted Anderson about CIT bankruptcy and the price of gold as India buys 200 tonnes of IMF gold recorded on November 3rd 2009
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David Garofalo, chief financial officer of Agnico-Eagle Mines Ltd., told Bloomberg he believes in cycles .Canadian Agnico-Eagle's shares are up 20% and future looks rosey for them as the gold prices is continuing its rally
Commodities Guru Jim Rogers, chairman of Rogers Holdings, told Bloomberg that gold could rise to $2,000 an ounce over the next decade he also talks about commodities, including gold and oil . (Source: Bloomberg)
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Is Gold a commodity or a currency? It certainly fits the definition of a commodity: A substance of value, with a uniform quality produced by many different producers. By Garry White Published: 6:13PM BST 11 Oct 2009 However, unlike other commodities it has relatively few uses other than as an ornament. Copper is used in wiring, iron is used to manufacture steel but gold's main uses are – and always have been – as a store of value and as a way to demonstrate personal wealth. Even if solid gold bathroom taps are not to your taste, they certainly make a point.
This means that gold really should be considered as a currency – and nothing else. This brings us on to the subject of fiat money.
Fiat currencies are not backed by gold. When most currencies were on the gold standard, a unit of currency could be exchanged by central banks for a fixed weight of gold. That way, paper money could be used instead of using gold or silver coins. READ ARTICLE>>>
Oct. 8 (Bloomberg) -- Damon Vickers, a manager at Nine Points Capital Partners, talks with Bloomberg's Julie Hyman about the outlook for gold prices. Gold futures rose to a record for the third straight day as the dollar's slump boosted demand for the metal. (Source: Bloomberg)
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FRANKFURT (MarketWatch) -- Gold futures rallied above $1,023 an ounce on Wednesday, as the U.S. dollar weakened against major currencies, boosting the appeal of the precious metal.
Gold for December delivery rose to an intraday high of $1,023.30 an ounce in electronic trading on Globex.
The contract was recently up $12, or 1.2%, to $1,018.30 an ounce. December gold is not the front-month contract, but it's the most actively traded contract.
The record intraday price for a front-month gold contract is $1,033.90 an ounce set on March 17, 2008.
"The catalyst for the rally was the weak dollar," wrote analysts at Commerzbank in a note to clients.
The proximity of the all-time high "is increasingly attracting investors to the gold market, reflected in the sharp rise of speculative net-long positions and the recent inflows into the gold ETFs," they said.
Wednesday's U.S. inflation data could provide further support, they added.
Economic data due Wednesday includes August consumer prices at 8:30 a.m. Eastern, and industrial production at 9:15 a.m., along with the NAHB housing market survey for September at 1 p.m.
U.S. stock futures were pointing to a higher start on Wednesday with a focus on the economy after upbeat talk from U.S. Federal Reserve Chairman Ben Bernanke.
Other precious metals also gained, with December silver futures rising 1.9%. Source
Gold pulled back from a sharp rally that sent its price well above $1,000.
AP
Precious metals silver and palladium also had ventured to 2009 highs, as some investors concluded that measures taken by governments to boost credit and revive growth prospects were gaining traction source CNBC Tags: gold silver forex fx currencies dollar Marc Faber Peter Schiff Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers max keiser lou dobbs bob chapman fox business local currencies plenty berkshire berkshare dollar ron paul jr crisis crash recession depression fed federal reserve Berkshire Hathaway Omaha Shareholder Meeting Priceless Liyan Guo Adventure Warren Buffett alex jones david icke economy collapse stock market wall street
Description: Gold hits $1,000 an ounce for the first time in six months and for the fourth time in history , Gold futures cracked the $1,000 level in Asian trading, as doubts about the U.S. dollar's strength and global economic recovery resurfaced. Channels: Precious Metals Tags: Gold Precious Metals peter schiff russia today max keiser marc faber gerald celente obama bush alex jones ron paul rand paul economy depression recession world bank dollar gold truth about markets wall street stock market cnn msnbc cnbc maddow kudlow olberman hannity limbaugh mises inflation hyperinflation bernanke federal reserve conspiracy 9/11 Alex Jones Charlie Sheen Barack Obama 20 Minutes With The President 911 Trade Center False Flag Attack NIST Patriot Act Martial Law Terrorist Ted Anderson Mike Savage Endgame wayne madsen cia cheney blackwater government news h1n1 swine flu new world order glenn beck neocon libertarian tea party 9/12 project town hall healthcare obamacare
Gold powered through the $1,000 per ouncepsychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
Some investors were also seeing gold as a caveat to stock market bullishness as they fret about the result of central banks and governments pumping billions of dollars into banking systems to boost growth.
Spot gold rose as high as $1,007.45 an ounce, its highest since March 2008, when bullion touched a record high at $1,030.80 an ounce.
Gold prices touched just below $1,000 an ounce in a sign investors are growing wary of the stock market's torrid rebound since March. Channels: Precious Metals Tags: Gold Prices Precious Metals Platinum Palladium Rhodium Silver Bullion Investment bars brokerage Mint Perth Australia wall street stock market mining Rio Tinto Jim Rogers Peter Schiff Warren Buffett Marc Faber Nouriel Roubini Gerald Celente Bob Chapman
Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, lemetropolecafe.com Category: News & Politics Tags: fed audit gold silver bill murphy ron paul barney frank king world news rand peter schiff cartel adrian douglas max keiser dollar collapse usd obama deception geithner goldman sachs ted butler goldtothemoon price capping explosion bob chapman alex jones
Gold does not pay any dividends , but it is an excellent hedge against inflation and deflation , it is the best way to preserve wealth ....Gold has been "effectively rangebound for a long time," Marco Pietropoli from RM Wealth Management said Tuesday, adding he hopes it "explodes to the upside." He sees gold rising again as the dollar loses its 'reserve currency' status. Chris White from Threadneedle joins the discussion.
- B of A reports that gold bullion has outperformed the S and P 500. -Warren Buffet has reported the days of double digit returns in the stock market are over. - If you have an IRA you should consider rolling it over to solid gold.
Listeners are always welcome to receive a free gold investment guide by going to http://www.safeasgold.com/goldinvestm... or call 1(800)510-9594. If you'd like to listen to the rest of the show, you can do so via The Gold Show with Jonathan Rose podcast. Go to the following link to subscribe to the podcast. http://itunes.apple.com/WebObjects/MZ... Category: News & Politics Tags: gold bullion coins investing retirement stock market price investment Canadian Maple leafs IRA Krugerrand
Robert Kiyosaki, along with friend, and author of the Rich Dad Advisor Book, Guide to Investing in Gold and Silver, Mike Maloney, explains why gold and silver are vital investments for todays economy. Category: News & Politics Tags: Gold Silver FED FIAT Mike Maloney Rich Dad Robert Kiyosaki gata inflation hyperinflation schiff rogers bernanke obama deception fraud jp morgan ctfc butler
Mundell says “The US Federal Reserve system and the Secretary of the Treasury made two big mistakes last fall. They allowed the dollar to soar in the third quarter last year – the dollar went up by 30% – and this was damaging to the US and … all those countries that were tied to the dollar, they had bad stock markets over that period. This was due to tight money, which you could prove by the appreciation of the dollar and also the falling price of gold, which went down by about $250 in that period. When those two things come together – the dollar goes up and the gold goes down a lot – then you know that there’s some tightness in the monetary system.”
In the short-term, gold will stay in the $925-960 range, where it has been holding steady for the past few months, according to Philip Newman of GFMS. “The key factor really is where we see investment demand in the gold market?” he told CNBC Tuesday. Today Gold for immediate delivery climbed 0.4 percent to $941.42 an ounce at 9:40 a.m. in Singapore. The metal is up 6.7 percent this year as longer-term inflationary expectations boosted demand for a hedge against accelerating consumer prices. Gold futures for August delivery were little changed at $941.30 an ounce on the New York Mercantile Exchange’s Comex division, up 1.8 percent this quarter.
S&P 500 , dollar loses to the Swiss frank , Gold at 930 level could reach the $1000 an ounce if the dollar keeps on being weak , Gold could easily reach $1200 an ounce and up...The American dollar is coming into a period of weakness, according to Chris Locke, managing director of Oystertrade.com Management. “Cracks are starting to show,” he told CNBC, referring to the price of dollar/yen and the dollar/Swiss franc, which he said could drop to the even $1.00 level.
