James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011 : " we are at $1600for gold and silver is back in the $40 , I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver ".....
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, July 18, 2011
Gold - The Most Popular Asset Class in Asia
Gold and cash are The Most Popular Asset Class in Asia , Chris Gill, General Manager at Friends Provident International says gold is the most preferred asset among investors in Hong Kong, Singapore and UAE.
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)
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)
Gold Could Hit $1700 By Year End
CNBC discusses the rally in spot gold prices - its longest winning streak in four decades.Gold this morning hit an all time high by breaking the psychological barrier of $1600/oz , while Silver is back over the $40/oz barrier all this despite the summer being a sluggish month for Gold we are not in the heat of the Indian wedding season and we have passed the valentine day time , so how high Gold will go ??? according to many experts the Gold prices will explode this summer to stratospheric levels , so hold on to your physical gold and silver the show is about to begin ...LOL...
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)
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)
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