Gold and Silver regain strength . Gold and Silver rise in the Asian markets this Monday. The yellow metal gained 0.6% to $ 1,504.80 an ounce. Silver rose alongside the gold by by 2.9% to $ 36.31 an ounce.Despite last week’s sell-off, very little has changed in terms of fundamentals which remain rock solid for both Gold and Silver , most experts expect to see more upward moves for gold and silver prices in the coming weeks and months .Silver went into a free-fall last week after a series of increases in trading deposit requirements by the CME .
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)
Monday, May 9, 2011
Bob Chapman : The Chinese decided to do something about the Gold Futures market
Bob Chapman - Disc Gold Silver Trading - 05-09-2011
Bob Chapman : The Chinese and the Asians sick of getting the short end have decided to do something about it in the futures market particularly Gold ...the government via the CME which owns the COMEX futures market they try to do the same thing as they did in the bank hank in 1980 and it's not possible and this is a recap , what they did is they raised margin requirements five times in nine days , highly unusual , ....
James Turk Compares Gold to 9 major Currencies
James Turk Compares Gold's annual rate of exchange against 9 major currencies
James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money
James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money
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