Friday, February 18, 2011

Gold price at a five weeks high

Gold maple leaf coin bullion
The Gold price closed today on the rise for the fifth session in a row. The futures maturing in April NYMEX gained 0,3% to $1.388,60 an ounce. It was from last January 13 that the gold price did not reach these levels. The price of yellow metal benefited from the unrest in the Middle east and from the weakness of the dollar . Today in many countries in the Middle East there were protests and violent clashes. Egypt agreed to let Iranian warships pass through the Suez Canal , The risk of a confrontation with Israel, which called Tehran's move a "provocation ", has increased the appeal of gold to investors.More and more investors are therefore increasing their positions in gold, the ultimate safe haven.

Silver price at a 30 years high

Silver Maple Leaf coin bullion
The price of an ounce of silver reached a thirty years high on the international markets today. The metal for delivery in March 'jumped to $ 32.66 an ounce at the Comex in New York The highest since 1980 ,the demand for silver also is the highest of all time, and is expected to continue to grow. Silver which is also an industrial metal is used for industrial purposes such as the production of solar panels and medical equipment. Analysts expect further price increase . There are rumors (but lacking official confirmation) that trade is concentrated in "strong hands" of the institutional players, and it would be advisable for retail investors to wait for a bearish correction.
In the past year alone the price has increased from 16.82 (closing of 31.12.2009) to 30.83 (closed 31.12.2010) an increase of 83.29% on an annual basis.

The statistics contained in the Silver Yearbook in 2009 indicate that the metal has attracted net investments of 209.7 million ounces, a number exceeded only in 1980, when it reached 222.2 million ounces, and also estimated in 1968, with 226 million. In 2010, CPM Group forecasts that it will reach 213.9 million, with a significant contribution from numismatics. In 2009, sales of silver reached a record high (35 million ounces) in January and the application of an ounce coins minted by the U.S. Mint was the highest since 1987.

Donald Trump Iraq Oil should be ours

From The Desk Of Donald Trump 2/17/11
Donald Trump : "People do not realize that Iraq after Saudi Arabia has the greatest oil reserves in the world , 15 trillion dollars worth of oil , Iran just wants that so badly , I have been saying that for long time they're going to go and get it , so may be we should take it , why give it to them , we are over there , may be we should take that oil , when this whole thing started everybody said we only in it for the oil , the fact is our leaders were too stupid to think that way , people thought that way but the leaders were too stupid to think that way , if we're only in it for the oil let's be in it for the oil may be before we leave Iraq we should take the oil ...during a recent speech I made a statement why should we secure and bring great safety to all of these very wealthy nations that rip us off consistently as an example South Korea and others and not gonna pay for it ? why are we their security guard , we should use our military and frankly make a lot of money with our military we have the greatest military in the world we have the greatests soldiers in the world we are not them the soldiers they're really acting as a police force we go in we won the war in one day and the rest of the time we are nothing but policemen and by the way it's police men that will never gonna work ...If we protect a nation they have to us for that protection ..."
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