Key for Gold to Hold $1324 - "For Pete's Sake" w/Peter Hug of Kitco.com
Kitco Metals' Peter Hug talks about gold's 4-week high, the US dollar and Asian markets on this edition of "For Pete's Sake."According to Hug, the $1,300 break on the upside may be a buy signal. "When you see resistance levels and difficulty getting through those resistance levels, which we saw last week at $1,300, the trade is a short. Vice versa, when it breaks up through resistance levels, the trade is a long," he added. However, despite the break through $1,300, Hug does say he is not seeing the momentum just yet. However, the continuous monetary stimulation coming out of the US, Europe, Japan and China coupled with physical demand in Asia and ETF outflows slowing down are indications that it may be a good buy, Hug added. Tune in now to hear his take on gold and silver prices. Kitco News, July 22, 2013.
Monday, July 22, 2013
10 Gram PAMP Suisse Gold Bar & Canadian Silver Coins
Just showing a couple pieces of gold and silver that I recently purchased. 10 gram (0.35 ounce) PAMP Suisse gold bar, and Canadian Wildlife Series 1 ounce Moose (2012) and Antelope (2013) coins. The design on the gold bar depicts Fortuna, Roman goddess of fortune.
I buy most of my gold and silver from APMEX.com I've purchased several items from them and have never had any problems. Just go to their web page and you can see up to the minute prices. Pay by check; it takes longer for delivery but you save 3% vs credit card.
As for gold and silver, it's the flooding of SLV and GLD paper transactions and futures causing the price to drop. Silver even more since tied to industrial demand. As for over supplied, , it's a finite resource most of which is already mined and traded. It's not like someone just found thousands of tons of the precious metals and dumped it on the market.
I buy most of my gold and silver from APMEX.com I've purchased several items from them and have never had any problems. Just go to their web page and you can see up to the minute prices. Pay by check; it takes longer for delivery but you save 3% vs credit card.
As for gold and silver, it's the flooding of SLV and GLD paper transactions and futures causing the price to drop. Silver even more since tied to industrial demand. As for over supplied, , it's a finite resource most of which is already mined and traded. It's not like someone just found thousands of tons of the precious metals and dumped it on the market.
Silver and Gold, what will it take to awaken the American people?
Quick discussion about what it will take to get people in to Silver and Gold
When I talk about silver stagnation in price, I mean in the short term. We all know there will be a upward trend in price in the long term, so there is no argument there When will silver meteorically rise? That is hard question and is dependent on many factors: costs to mine produce and refine silver, levels of production, levels of demand, outside factors such as level of public debt, overprinting of currency by the Fed and other governments around the world. Check out chris Martenson on exponential growth theory. I believe silver is included in that theory. People will come into the silver market right at the end so for the stackers its only just extra time to get the physical as cheep as dirt.
When I talk about silver stagnation in price, I mean in the short term. We all know there will be a upward trend in price in the long term, so there is no argument there When will silver meteorically rise? That is hard question and is dependent on many factors: costs to mine produce and refine silver, levels of production, levels of demand, outside factors such as level of public debt, overprinting of currency by the Fed and other governments around the world. Check out chris Martenson on exponential growth theory. I believe silver is included in that theory. People will come into the silver market right at the end so for the stackers its only just extra time to get the physical as cheep as dirt.
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