Frank Holmes, CEO & CIO of U.S. Global Investors says Gold is currently under owned and has the potential to soar even higher due to faster growth in money supply Gold could double in price in the next 5 years " just look at the gold as a component of the financial assets around the world since year 2000 it actually shrunk , and you are seeing much faster growth in money supply and other financial asset cl;asses than you are seeing gold coming in the market place , you see more money flow into other financial assets than you actually seeing in Gold " Frank Holmes explains Gold is under owned and under loved , Gold is a love trade Warren Buffett does not anyone he loves to give Gold to ...LOL....
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Thursday, April 7, 2011
JP Morgan selling Silver they do not have
Silver Liberation Army with Max Keiser
Max Keiser : for every ounce of silver that somebody buys JP Morgan sells 20 to 50 ounces of silver that does not exist it's called naked short selling , that's the bottom line they are selling silver that does not exist , by some estimates they are 3 billion ounces short that's more than a billion of the entire silver stock above ground , the short sold more stocks than exist above ground on the floor everyday manipulating the price , for every ounce of silver JP Morgan tries to sell 10 ounces of silver as a naked short sell , silver that they do not own but at the end of the month the books have to be squared the COMEX has to physically deliver , now with the Silver liberation Army we are going to put JP Morgan six feet under says Max Keiser by taking possession of the remaining physical silver , The Silver Liberation Army a global army of physical buyers says Max
Labels:
JP Morgan,
Max Keiser
Wednesday, April 6, 2011
Gold Bull Run has a long way to go
Weak supply in the Gold market added to strong demand , you will always get volatile prices , plus two serious global events in the middle east and in Japan which have added to the uncertainty of the market and helped in boosting the Gold prices . Gold prices could hit $1500 this year and $2000 in one to two years, Owen Hegarty, Vice Chairman of G-Resources Group says "Most people are upbeat about commodities, demand is very strong all the way across all commodities across the world generally speaking and supply is very weak,"Gold is the perfect metal all the demand factors are strong at the moment it is the right phase of the moon so to speak for Gold it's a commodity is a currency it's a safe haven it's a store of value it is a hedge against inflation it is all of that yet on the supply side you are not seeing central banks selling in that market you're not seeing a big uplift in the output of gold on a worldwide basis Owen Hegarty explains
Labels:
Gold Bull Run,
Owen Hegarty
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