Monday, August 15, 2011

Peter Schiff : Gold headed to $10,000/oz

Peter Schiff : I am an unapologetic gold bull , I have been bullish on gold for ten years , and what's happening makes me more bullish because Europe is becoming more like the United States , what's Europe is saying is the nation that share the Euro Currency they will not be allowed to default no matter how much money they borrow the European bank will simply print Euros to pay it off , so they are going to inflate rather than default , they are going to make the Euro almost as weak as the dollar , now I might just have to say instead of going to $5000 may be Gold goes to $10000, Gold is safety it is money ...

Forty Years after Bretton Woods, Gold always King

Today Monday and Tomorrow Tuesday , Aug 15th and 16th. is the exact fortieth anniversary of Nixon's taking us off the gold standard and forty is a very magical mystical and powerful number in numerology and many religions. With some research, we see that the Dow jumped over ten percent on the following day after Aug 15th, 1971. Good chance of a similar occurrence in the next couple of days only this time the Dow may go the opposite way and gold skyrocket....or vice a versa.

the 40th anniversary of the end of the gold standard,






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 Financial Survival - 15 Aug 2011

Bob Chapman : he commodities market has always ben rigged , Margin requirements increase is a method for preserving the Banks , the margin requirement only maintain the illusion of an illusionary market

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