Gold, Silver surge on FED announcing Quantitative Easing 2.5 , the Fed's FOMC announcement today propelled the price of gold and silver further with gold reaching another all time high of $1527 so far , all of us gold and silver hoarders should really thank Mr Ben Bernanke cause anytime he shows his face on national TV with new announcement the gold and silver prises surge , again and again thank you Mr Ben Bernanke....
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)
Wednesday, April 27, 2011
Bob Chapman all the major banks brokerage houses and insurance companies are broke
Bob Chapman - Brent Johnson Freedom Report - 04-20-2011
Bob Chapman The Government shut down should have been done 3 years ago b3ecause from a classical view point the system should be purged of malinvestment and bankruptcy , all the major banks brokerage houses and insurance companies are broke not only here but in western Europe and England as well and so that said that opportunity gone and passed they should do it now , but they're not going to do that they're going top kick the can down the road and they gonna withstand everything as long as they can until they reach the point that they want to pull the plug on everything , ..this whole thing was created deliberately says Bob Chapman of the International Forecaster....James Turk : the silver physical market is very tight
James Turk on Goldseek Radio 26 Apr 2011
the silver physical market is very tight says James Turk of goldmoney.com : I am anticipating a waterfall decline of the dollar in not a very distant future , as we are getting close to June when the FED have to decide whether to stop the Quantitative easing or stop it , but the reality is I do not see how they can stop Quantitative easing says James Turk ,and they are afraid to get off , giving that the politicians in Washington continue to spend like there is no tomorrow that debt got to be financed somewhere and it is going to be financed by the printing press that's very very inflationary , ...the market ios tight it has been tight for quite some time and silver remains in backwardation where the spot month is higher than the futures contracts in December 2015 and that's about a 65 cent backwardation which is very very rare event but it's an indication of how tight the physical market is , what's happening here is that the paper market is becoming less important as a price discovery mechanism , and people are putting more emphasis on the physical market , so when you look at valuing the physical metal you hold do not look at the paper market look at the physical market what thee deals are actually doing and you'll see that actually the market is very very tight ...and you have backwardation concessions in silver these are likely to continue....Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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