Robert Kiyosaki ‏: Today we are in the Financial Dark Ages

Robert Kiyosaki ‏: Today we are in the financial Dark Ages. The government’s stealing of wealth from its people is more than tragic and worst than barbaric.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : passion is what every entrepreneur must have

Robert Kiyosaki : One step short of insanity is passion and passion is what every entrepreneur must have
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: If you hear things you don’t like, you’re a leader

Robert Kiyosaki ‏: If you hear things you don’t like, you’re a leader. If you only hear the sound of praise, you are not a leader, you’re a fear monger


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Kiyosaki : The Rich work for Assets that produce Cash Flow

Robert Kiyosaki ‏: I’m often asked, “if the rich do not work for money, what do they work for?” They work for assets that produce cash flow.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

GOLD | How to and where to find Gold

Turon River, NSW, Australia. When prospecting for gold, look for rock bars and bedrocks where gold bearing wash might be deposited.
We call this "test panning" and with small amounts per bucket we continually move on until we find 20 or more flakes per pan, this is where we set up the hi-banker and find the serious gold.

The Silver Scandal - The Long War On Silver

The Silver Scandal - The long war on silver covers an interesting 70+ year old article covering the silver shortage in WW2 and is very interesting because it covers silver being "used up" and also cover silver leasing and silver certificates.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Keep your personal assets and business assets separate

Robert Kiyosaki ‏: Keep your personal assets and business assets separate. If you don’t you could be in trouble. - Sutton Law Center

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: If you want to be rich, you have to be financially literate.

Robert Kiyosaki ‏: If you want to be rich, you have to be financially literate.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Owning property as an individual or in a general partnership creates unlimited liability. That spells DANGER!

Robert Kiyosaki : Owning property as an individual or in a general partnership creates unlimited liability. That spells DANGER! - Sutton Law Center

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: You cannot solve a problem with the same brain that caused the problem

Robert Kiyosaki ‏: You cannot solve a problem with the same brain that caused the problem. First you must change your mindset.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: The rules of Money changed and no one told you

Robert Kiyosaki ‏: Its not your fault. The rules of money changed and no one told you. No one told anyone.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Gold Going to More of a Sound Money System - Catherine Austin Fitts

Catherine Austin Fitts, founder of The Solari Report, points out the world is buying physical gold. Fitts contends, "What that means is there is going to be a much more broad-based bull market in gold. . . I think it's going to more of a sound money system, and gold is going to be a part of that." Not everybody wants to be brought into the so-called new world order. Fitts predicts, "Remember, to come out with a one world currency, you need everybody. There can be no leakage. There can be no exceptions. The Russians are determined to be the stinker at the party is what I think." Join Greg Hunter as he goes One-on-One with investment banker and money manager Catherine Austin Fitts.

Robert Kiyosaki : Savers are Losers

Robert Kiyosaki : Some banks are CHARGING customers for holding their savings. Thus, losing money through saving money. More proof that ‘savers are losers’.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: My criteria for an Investment is 4 things:

Robert Kiyosaki ‏: My criteria for an investment is four things: What is the project, who are the partners, what is the financing, who will manage it?

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Money is sticky. Don’t touch it!

Robert Kiyosaki : Money is sticky. Don’t touch it! BEFORE you get it, know where you are moving it to, or it will stop, get comfortable and buy you a doodad.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Learn to take risks,

Robert Kiyosaki : Learn to take risks, be bold, and let your genius convert your fear into power and brilliance.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Most people struggle financially because they take advice from sales people, not rich people.

Robert Kiyosaki ‏: Most people struggle financially because they take advice from sales people, not rich people.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Money will never make you happy if you are an unhappy person.

Robert Kiyosaki ‏: Money will never make you happy if you are an unhappy person.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : An intelligent person hires people who are more intelligent than he is.

Robert Kiyosaki : An intelligent person hires people who are more intelligent than he is.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

My poor dad often said, “I’d rather be happy than rich.” My rich dad said, “Why not be both?

Robert Kiyosaki : My poor dad often said, “I’d rather be happy than rich.” My rich dad said, “Why not be both?

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Innovation is Key

Robert Kiyosaki ‏: Innovation is key. Only those who have the agility to change with the market and innovate quickly will survive.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Courage is overcoming fear.

Robert Kiyosaki : Courage is overcoming fear. Courage is found in knowledge and team

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Great opportunities are not seen with your eyes. They are seen with your mind.

Robert Kiyosaki ‏: Great opportunities are not seen with your eyes. They are seen with your mind.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Silver investors need to keep faith - Rakhimov

Petaluma CA (The Gold Report) - 
It's these times—volatile markets that shake you to your core—when you truly learn what kind of investor you are, says Sean Rakhimov, the founder of SilverStrategies. The investors who face these testing times, never forgetting why they sunk their funds into precious metals in the first place, are soon to be rewarded, according to Rakhimov. In this interview with The Gold Report, Rakhimov explains why he believes that investors who haven't been shaken out of stocks yet will be able to cash in on a "triple" headed to the silver sector.

The Gold Report: Sean, this market for precious metals is testing the mettle of even diehard investors. How is the market testing your resolve?
Sean Rakhimov: It's as hard on me as it is on everyone else, with the caveat that this is the only market that I participate in. I'm guessing most other people are buying other things along with their precious metals portfolios. It's been very trying in the last couple of years, but particularly this year.
TGR: Let's say for a moment that you're a precious metals coach. Please provide investors with some inspiration.
SR: It's not one-size-fits-all because times like these will identify your weaknesses in your outlook and convictions and exploit them. I am betting that a lot of investors are being shaken out of stocks.
On the other hand, the demand for physical metal has been absolutely astounding. The lower the silver price goes, the higher the demand. Shortages have been reported pretty much all over the world in recent weeks.
This provides an excellent opportunity. If investors haven't had exposure to precious metals at all, then they should start with the physical metal if they can find it. Otherwise, they need to prepare themselves for times like these, which will undoubtedly happen in the future. Learn from it and be prepared to not act like a victim and walk away from their positions when these situations happen again.

http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?oid=192717&sn=Detail


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Financial freedom is a mental, emotional and educational process

Robert Kiyosaki ‏: Financial freedom is a mental, emotional and educational process

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Don’t be so busy focusing on Making Money

Robert Kiyosaki : Don’t be so busy focusing on making money and solving problems that you fail to develop your key resource—your people.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Don’t be a Saver, learn to be an Investor

Robert Kiyosaki : The opposite of a saver is an investor. Don’t be a saver, learn to be an investor

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Making more money is only helpful if....

Robert Kiyosaki ‏: Making more money is only helpful if you use the money you make to purchase cash-flowing assets that in turn help you make more money.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: The problem with a job is that relying on others to give you a living is the biggest risk of all.

Robert Kiyosaki ‏: The problem with a job is that relying on others to give you a living is the biggest risk of all.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Assets is what put money IN your pocket.

Robert Kiyosaki ‏: Asset can be anything as long as it has value, produces income or appreciates, and has a ready market. Assets put money IN your pocket.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Financial struggle is often the direct result of people working all their lives for someone else

Robert Kiyosaki : Financial struggle is often the direct result of people working all their lives for someone else.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Magnet Test on a Real and Fake Engelhard 100oz Silver Bar

[Be sure to see our video on using Ultrasonic Thickness Gauges to accurately determine if a bar is made of real silver]

This video shows you how to use the "magnet test" to help determine which 100oz Engelhard silver bar bar is real, and which is fake (made from lead).

Silver is diamagnetic, meaning that a magnet will not stick to it, but you will feel strong resistance when moving a strong magnet on the surface of the silver. Although lead is also diamagnetic, it is much less so, as this video shows.

Note that this test will likely not detect real silver bars that were hollowed and filled with lead (the ring test might, however).

The magnet test can positively determine that a bar is fake, but cannot positively determine that a bar is real. For a very accurate test, you can use an ultrasonic thickness gauge (check our our other videos to see one in action; we were the first to use this technique).

Silver: 3 Reasons The Little Brother Has Massive Potential

When we think of gold, we think of the solid, safe-haven, value-holding, inflation-hedging, shiny, yellow metal that lets us sleep at night knowing the governments of the world cannot print it out of existence. Gold is the big cheese in the precious-metals investing community. There’s no doubt that gold should be a part of everyone’s investment portfolio, but it’s important not to forget gold’s little brother: silver.

Silver holds all of the same characteristics that make gold a great monetary metal. Silver is durable, malleable, easily recognizable, portable, divisible, and uniform (one silver coin is basically the same as the next). It is also scarce enough to make it valuable for smaller transactions. Most important of all, as with gold, no amount of money printing will reduce your physical holdings of silver by one bit.

What makes silver even more attractive than gold is its potential upside. There are several reasons why silver may outperform gold in the coming years. They are outlined below. After examining these reasons, we’ll explore the recent shortage of Silver Eagles at the US Mint and what this all means for the price of silver in the long run.
http://etfdailynews.com/2013/05/15/silver-3-reasons-the-little-brother-has-massive-potential/


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Be careful, “Experts” are often educated by books

Robert Kiyosaki ‏: Be careful, “Experts” are often educated by books, but not educated through experience

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Every time you quit, someone else gets your prize.

Robert Kiyosaki : Every time you quit, someone else gets your prize. Every time you make a mistake, you get closer to yours.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Leadership is about two things: Honesty and respect

Robert Kiyosaki ‏: Leadership is about two things: Honesty and respect. Neither are easy, that’s why there are so few good leaders.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Investing is not risky. What is risky is not investing in your financial education.

Robert Kiyosaki : Investing is not risky. What is risky is not investing in your financial education.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : The very first step to becoming financially literate and wealthy is ...

Robert Kiyosaki : The very first step to becoming financially literate and wealthy is to learn the real difference between an asset and a liability.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Making money and making the world a better place are not contrary to one another

Robert Kiyosaki : Making money and making the world a better place are not contrary to one another.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : It’s not about the money. Its about creating a business

Robert Kiyosaki : It’s not about the money. Its about creating a business out of your life’s purpose and mission.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Gold, Silver, Bullion and Taxes

US Gold Eagle and US Gold Buffalo coins, all weights, are not reportable for any quantity.
Foreign coins sold in quantities of 25 ounces or more are reportable. Foreign coins include, but are not limited to: South African Krugerrands, Austrian Philharmonics, Chinese Pandas, Canadian Maple Leafs, British Sovereigns, etc.
Fine bars sold in weights of one kilo (32.15 troy ounces) or more per transaction are reportable.

Silver:

Bullion coins sold in any quantity are not reportable. Examples include, but are not limited to: Mexican Libertade, US Eagles, Austrian Philharmonic, Canadian Maple Leaf, etc.
Bullion bars and rounds, .999 fine, sold in weights of 1,000 ounces or more per transaction are reportable.
Junk bags of 90% coins, $1,000 face value or greater sold in a single transaction are reportable.
As outlined here, a gold and silver bullion investor can avoid any 1099B reporting requirements by simply pursuing a buying strategy of coins that are exempt. We must add a note of caution: arranging the sale of bullion in multiple transactions to skirt the reporting requirements will expose the seller to further scrutiny and possible prosecution. A dealer that determines a seller is using a pattern of sales to avoid 1099B reporting is required to file a Suspicious Activity Report

Can Silver Shine Brighter Than Gold?

By Jason Sampognaro | More Articles
May 14, 2013


When we think of gold, we think of the solid, safe-haven, value-holding, inflation-hedging, shiny, yellow metal that lets us sleep at night knowing the governments of the world cannot print it out of existence. Gold is the big cheese in the precious-metals investing community. There’s no doubt that gold should be a part of everyone’s investment portfolio, but it’s important not to forget gold’s little brother: silver.

Silver holds all of the same characteristics that make gold a great monetary metal. Silver is durable, malleable, easily recognizable, portable, divisible, and uniform (one silver coin is basically the same as the next). It is also scarce enough to make it valuable for smaller transactions. Most important of all, as with gold, no amount of money printing will reduce your physical holdings of silver by one bit.

What makes silver even more attractive than gold is its potential upside. There are several reasons why silver may outperform gold in the coming years. They are outlined below. After examining these reasons, we’ll explore the recent shortage of Silver Eagles at the U.S. Mint and what this all means for the price of silver in the long run.

Reason #1: The 16:1 Rule

Historically, silver has traded at about a 16:1 ratio to gold. At today’s current spot prices, silver is trading at closer to 55:1. If we assume that silver will eventually return to its historic ratio, the current deviation could imply one of three scenarios:

1) Gold will drop off a cliff

2) Gold will fall significantly, while silver simultaneously rises

3) Silver will skyrocket to all-time highs
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For the first scenario, let’s assume that silver’s price remains at current levels, and gold falls to assume the historic 16:1 ratio. At $30 per ounce of silver, gold would need to fall to $480 per ounce — a level not seen in almost nine years. For the second scenario, let’s assume that gold takes a significant hit. The most recent bearish estimates for the gold price have been around $1,200 per ounce. At a 16:1 ratio, silver would have to climb to $75 per ounce — more than double its current price. For the third scenario, let’s assume that gold maintains its current price, even though we at the Hard Assets Alliance think it is destined to move much higher. With gold at $1,600 per ounce, silver should be $100 — over three times its current price.

Of course, anything is possible, but if you believe that gold will rise as the dollar falls, what does that say about silver? Perhaps $100 per ounce does not seem so unreasonable.

Reason #2: The Metal of All Trades

Many of us think of silver as an investment metal, but silver’s main source of demand comes from industrial uses. In 2011, coin demand only made up about 10 percent of total demand for silver. The rest was applied, in everything from photography to jewelry and electronics. There are even some instances of silver replacing platinum in catalytic converters.




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki : Anyone can be an entrepreneur. All it takes is a little drive and ambition.

Robert Kiyosaki : In the Information Age, the richest people are entrepreneurs. We may not ever become a king or a queen but we can all be entrepreneurs.
Anyone can be an entrepreneur. All it takes is a little drive and ambition.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Bankers and Tax Breaks do not make Real Estate a great Investment. YOU do.

Robert Kiyosaki ‏: When I am asked, “Is real estate a good investment?” My reply is, “I don’t know. Are you a good real estate investor?”
Bankers and tax breaks do not make real estate a great investment. YOU do.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Investing is like driving a car

Robert Kiyosaki ‏: Investing is like driving a car. If you have no drivers education or driving experience, driving a car is very, very risky. Get educated.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Michael Maloney ‏: During Financial upheaval Wealth is transferred, not destroyed

Michael Maloney ‏: During financial upheaval wealth is transferred, not destroyed. I believe this transfer is towards Gold and Silver. That is why I own it.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Your 401 (k) is likely a 201 (k) by now

Robert Kiyosaki ‏: Look around. Unemployment is high. Your 401 (k) is likely a 201 (k) by now. These are the OLD rules of $ in action. Something has to change.


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Gold & Silver Double Bottom With Major Bearish Sentiment

JUNE ANALYSIS: Gold and silver prices have bounced after reaching a double bottom. Here is a price analysis for June 2013 reviewing likely circumstances.



June Price Forecast - Clive Maund
Gold is now one of the most hated asset classes in the world, and Big Money's media henchmen are not wasting any opportunity to put the boot into it, oblivious to the irony that such negativity is music to the ears of the true contrarian, which we like to think includes us. The relentless and brutal attacks on gold in the mainstream media are a sure sign that we are at or near to an important bottom. We see that gold has dropped back quite hard, but in a fairly steady manner, over the past week or so towards its April panic lows. This alone implies that there is a fair chance that the support at these lows will hold, or that if it is breached, it won't be by much. While gold admittedly doesn't look too good on its multi-year chart, as the high volume breakdown from the top area implies that it could drop further towards strong support approaching $1000, this outcome does not look likely given the Commitment Of Traders and sentiment extremes that we are already seeing, and the explosion of negativity towards the metal in the mainstream media, all of which are indicating that we are at or close to a major bottom NOW.
The COT chart shows that Commercial short and Large Spec long positions have dropped to their lowest level by far for the life of this chart. This is bullish. Small Specs are out completely, which is another positive sign.

Gold's COT is at its most positive since the 2008 crash with the Commerical short and Large Spec long positions at their lowest levels since that time. This is construed as strongly bullish for the medium and long term. In addition, the Hubert Gold Sentiment is at its lowest reading for years. As a contrarian indicator, this is strongly bullish.
Will the double bottom pattern hold or could we still see a move down to the $1,200 level which mainstream media has been hinting at for months? Looking at the upcoming month of June for the gold markets, it is very difficult to suggest that there will be steady movements. The market will certainly be held hostage to the whims and statements of the Federal Reserve. The mere mention of the possibility of pulling back some of the quantitative easing will continue to put a massive panic in the markets. The $1,400 area will be important. If the market will be able to break, and more importantly hold, above that area, it would signal a stronger gold market. The area between $1,350 and $1,400 seems to be one of consolidation. The reality is that most talking heads on the television have left gold for dead, and I am starting to wonder what is left to beat the market up. The fact that most people hate gold doesn't faze me overall, as I have heard this kind of pessimism on and off for years. The markets seem to have two speeds, one that focuses on the longer-term trend, and one that focuses on the last week or two.
The metal's plunge after the longest bull rally in at least nine decades has kept it below the 200-day moving average since February. Prices may climb to $1,500 in June after forming a "double bottom". Equally as likely, however, is another leg down in this price correction that could take gold down to the $1,200 level and silver to around $17 where they will likely find strong support.

Robert Kiyosaki ‏: Poor Work for Money

Robert Kiyosaki ‏: Poor work for money…and the rich don’t. What do you work for?

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

To be an Entrepreneurs or successful Investor

Robert Kiyosaki : To be an entrepreneurs or successful investor you must have two characteristics…ignorance and courage.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.