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Monday, November 21, 2011
How to buy this Gold selloff
Gold prices slipping on Monday as the super committee in Washington fails to come up with 1 trillion dollars deficit cut and as the borrowing costs in Spain soar , Phil Streible, senior market strategist at R.J. O'Brien, breaks down what's moving gold and how to buy the selloff.some investors are coming out of gold in order to raise cash says Phil , If the ECB decides to monetize their debt you are going to see Euro currency decline the US dollar index rally and then Gold and the dollars turns may be under pressure , the gold is caught here between DC politics and the Eurozone politics
Bob Chapman on the New American Base in Australia
Bob Chapman elaborates on the new american base in Australia that just has been announced by Obama during his recent visit to Australia : 2500 of the best marines in the world , to tell China we are ready to engage in and if they screw with us ...it's only a token ..what's that four companies ? I mean that's nothing says Bob Chapman , ...you're dealing with insane people in Washington...."
Sunday, November 20, 2011
James Turk on the MF Global collapse
James Turk, Director of the GoldMoney Foundation,says that Gold is undervalued and he talks about the MF Global collapse and its implications on the gold market particularly on the futures market, there is not enough money to save the Euro says James Turk , they made a mistake at the beginning when they decided to bailout any country that goes into trouble ,they did that in order to try to keep the banking system afloat ,
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