Rising China's Inflation is creating an unprecedented Gold Rush amongst the Chinese citizens , The investment demand in gold from China is literally exploding with China becoming the second largest inv. market for gold after India ,Commodities are entering a period where you have to distinguish between industrials and gold or silver. It's a different fundamental story with grains, however, says Brian Kelly, Kanundrum Capital who see $2,200 Gold on the horizon... Silver will certainly follow...
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Thursday, April 14, 2011
Gold at New Record High , Silver at 31 years Record High
New record for gold, which breaks through the ceiling of $ 1,478 an ounce. Concerns about the debt crisis, inflation and the fluctuation of the greenback are pushing the precious metals to new highs Gold touched 1.478.00 in New York. New rally for silver, which exceed forty two dollars per ounce, reaching its highest level since February 1980.the Silver market is literally on fire as it has gained almost $8 an ounce in less than a month !
Bob Chapman : Silver will Go to $100/oz
Bob Chapman : in the last few days we have seen the US government in the market and they have done everything possible to knock prices down which is not unusual within a corporate fascist governmental culture and that's what we have in America , says bob Chapman the International forecaster and people who do not believe that they are missing the whole point it won't last but for few days may be weeks and the next step it is going to go higher if for no other reason this giant naked short position being held by JP Morgan Chase and HSBC ....
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