Max Keiser talks about his buy silver campaign.the details of silver, JP. Morgan's manipulation and naked short positions, and how it will rocket to the moon in price They have manipulated the price down. That is a buy signal if there ever was one!
JP Morgan is hurting and are desperate to push the price down. Fight them keep buying and we will win!
JPM liquidation crashing prices, SALE SALE SALE BUY BUY BUY SILVER!!! Silver prices went down to about $28/oz which is a sale. Silver doesn't grow on trees like paper for money. In less than 25 years all the silver mines will be dried up and only biproduct silver from base metal mining will be left. Silver is a golden opportunity for the intelligent poor to get rich.
NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Wednesday, December 8, 2010
In China: The Gold rush continues
Imports of the precious metal reached 209 tonnes
• The trading volume up 43%
In China, imports of the yellow metal could be multiplied by six this year. Gold is seen as a refuge against inflation. Its success reflects the opulence of the new affluent classes. The obvious conclusion is to read the figures recently reported by Shen Xiangrong, president of the Shanghai Stock Exchange. According to him, China's imports of the precious metal reached 209 tons during the first ten months of this year. That compares to 45 tons imported in all of 2009. The appetite of the world's factory for raw materials is a key player in the world. However, despite the dramatic increase of its reserves, the Chinese ogre is still wise in gold. The Middle Kingdom wants to increase its reserves, but the monetary authorities are aware of the impact of their purchases of gold on his recovery. So first they seek to increase their reserves through their domestic production, not to cause a surge in gold prices. The global financial crisis has affected the behavior of investors, now anxious to preserve their heritage and to avoid excessive risk taking.
According to some projections, we now expect that 2010 ended with a sixfold increase in imports of gold from 2009. Investors are clearly looking for security, because the silver, palladium, or platinum, are also rising. There is international causes, including increased concern around the Korean peninsula and the euro area. But in the case of China, another factor intervenes: the surge in inflation. After rising 4.4% in October, a record 25 months, prices could slip even 5% in December, if we are to believe a recent study of Bank of America-Merrill Lynch. But for Beijing, this is potentially worrying drift politically, since the priority penalizes the poorest households. Measures to slow the economic machine, and including blocking bank lending, have thus succeeded in recent months. At touchdown the Shanghai Stock Exchange, after several months of enthusiasm, has entered a phase of doubt in mid-November.
Furthermore, the Shanghai Stock Exchange, trading volume on gold is up 43% over the first ten months of the year, but 247% if we focus exclusively on transactions for behalf of individuals. A craze that also reflected the new wealth of some Chinese classes. Which affects all kinds of markets, some of which may seem unexpected.
• The trading volume up 43%
In China, imports of the yellow metal could be multiplied by six this year. Gold is seen as a refuge against inflation. Its success reflects the opulence of the new affluent classes. The obvious conclusion is to read the figures recently reported by Shen Xiangrong, president of the Shanghai Stock Exchange. According to him, China's imports of the precious metal reached 209 tons during the first ten months of this year. That compares to 45 tons imported in all of 2009. The appetite of the world's factory for raw materials is a key player in the world. However, despite the dramatic increase of its reserves, the Chinese ogre is still wise in gold. The Middle Kingdom wants to increase its reserves, but the monetary authorities are aware of the impact of their purchases of gold on his recovery. So first they seek to increase their reserves through their domestic production, not to cause a surge in gold prices. The global financial crisis has affected the behavior of investors, now anxious to preserve their heritage and to avoid excessive risk taking.
According to some projections, we now expect that 2010 ended with a sixfold increase in imports of gold from 2009. Investors are clearly looking for security, because the silver, palladium, or platinum, are also rising. There is international causes, including increased concern around the Korean peninsula and the euro area. But in the case of China, another factor intervenes: the surge in inflation. After rising 4.4% in October, a record 25 months, prices could slip even 5% in December, if we are to believe a recent study of Bank of America-Merrill Lynch. But for Beijing, this is potentially worrying drift politically, since the priority penalizes the poorest households. Measures to slow the economic machine, and including blocking bank lending, have thus succeeded in recent months. At touchdown the Shanghai Stock Exchange, after several months of enthusiasm, has entered a phase of doubt in mid-November.
Furthermore, the Shanghai Stock Exchange, trading volume on gold is up 43% over the first ten months of the year, but 247% if we focus exclusively on transactions for behalf of individuals. A craze that also reflected the new wealth of some Chinese classes. Which affects all kinds of markets, some of which may seem unexpected.
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China
Bob Chapman on The National Intel Report 7th Dec 2010
Stadtmiller and Bob Chapman on Republic Broadcasting Network Radio.
Bob Chapman wrote in the International Forecaster of the 4th December 2010 :"....It is normal for a world reserve currency such as the dollar to be backed 25% by gold. As you all know that has not been the case since August 15, 1971. Over the 39-year period since then debt has risen exponentially, almost to the point of insanity. The world will awaken in time but the cost for not listening will be dreadful. This is why over the next several years gold will easily go to $7,700 an ounce or higher and silver will range between $100 and $500 an ounce. Remember, gold is the only real money and it does not owe anyone anything. For those of you who do not know it gold has been used as money, along with silver for 6,000 years. Do the elitists really think they can beat that kind of track record? We do not think so...."
Bob Chapman wrote in the International Forecaster of the 4th December 2010 :"....It is normal for a world reserve currency such as the dollar to be backed 25% by gold. As you all know that has not been the case since August 15, 1971. Over the 39-year period since then debt has risen exponentially, almost to the point of insanity. The world will awaken in time but the cost for not listening will be dreadful. This is why over the next several years gold will easily go to $7,700 an ounce or higher and silver will range between $100 and $500 an ounce. Remember, gold is the only real money and it does not owe anyone anything. For those of you who do not know it gold has been used as money, along with silver for 6,000 years. Do the elitists really think they can beat that kind of track record? We do not think so...."
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The National Intel Report
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