Saturday, May 7, 2011

Gold Fever - California Cat finds large GOLD Nugget !

Cat Ivan has been mining gold nuggets for some time, this one was the most precious of them all 9.9 ounces of Gold that's fantastic .Europeans flocked to California from all over to strike it rich from the gold rush.the California Gold Rush from 1848-1853

Jim Cramer : Gold is a currency not a commodity

Jim Cramer : Silver Silver Silver that's all anybody seems to be interested in everywhere i go. it's the hot button on twitter @jimcramer. holy cow, check that out. it was the major focus of panel i was in new york city last night about precious metals. it's what i hear in the street and it's in my e-mail box constantly. first, let me just say when it comes to precious metals, i like gold. I've liked gold for ages. and I'm not changing my posture now. i think it's a currency, not a commodity. thing is a demand and not enough supply. when demand soars, particularly from central banks. we learned mexico is buying. while supplies stay the same, prices go through the roof. you know my order preference. i like bullion the most, then the gld, the gold etf, what it trades at. and only after that would i go for the stocks of the gold minors. my favorite is goldcorp gg for you home gamers. we heard from last night. a good story. since i like gold, i haven't felt the need to get behind silver because as my friend tom caplan, a legendary metal investor put it silver is gold on steroids. I've got enough problem with the volatility of gold whom. needs silver. you disagree? look at the monumental collapse in this metal. silver is a poor man's gold with industrial exposure they don't need at this point in the cycle. even worse, silver has been overrun by day traders using ETFs. and that makes it too hard to game or even speculate on where the price will be a day from now, let alone a week or a month or year. so my bottom line on bimetallism is this. i like gold. silver is too hot to handle. i'm simply taking a pass. stick with gold. don't crucify your portfolio on a cross of silver. stick with Cramer.




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : the treasury department is rigging the market

Bob Chapman - Sovereign Economist - 05-04-2011

Bob Chapman : the treasury department is rigging the silver market


Bob Chapman : you are dealing with a corporatist fascist government these people from both parties who are paid off , 95% of them are eating and bedding with a group of criminals in a crime syndicates who are nazis this is what you are dealing with ....now what the treasury department did is they had their callers call all the companies that do commodities and brokerage firms and they told them we want you to tell anybody to sell their commodities gold and silver and as well we want you to double the margins that we set up through the CME which is the COMEX and they did it , so we had a wave of selling starting at $44 an ounce of silver down to $41 , this is a conspiracy , they are rigging the market
DAILY NEWS ON BOOZE