When is the right time to sell your silver and gold bullion....Bob Chapman
the answer is Never , do not ever sell your bullion unless you really have to , you may end up one of the richest people around , remember the stock market can crash , but gold and silver will never crash to zero , most likely the value of bullion will increase exponentially with time . just go long and stay long . When you have gold and Silver bullion you are in the safest place to be , there is no other place where you could be safer
Saturday, May 7, 2011
Mike Maloney : Silver is a Roller coaster of a ride
Mike Maloney : Silver is a Roller coaster it's a wild ride if you do not have the tolerance for it do not get into it , Mike advise against selling into your positions right now , do not think you got in in the wrong time even if you bought at the peak , the fundamentals show that silver (and gold) will go only one way and that is up up and up , this pull-back we are going through all happened before ...the average trend is going up , there is not scenario in which gold and silver do not rise ultimately they are destined for far far higher prices, Mike Maloney cautions against leverage and futures and options ....."we have a maniac named Ben Bernanke running the federal reserve trying to save the economy by destroying the dollar which will destroy the economy " says Mike Maloney
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Central Banks prefer Gold to US Dollars
The gold returns to the vaults of central banks, who after two decades have returned to buy the precious metal with both hands, After all, gold has reached record highs this year, in response to the sharp depreciation of the dollar, which until now has been the preferred asset in central bank reserves, and the loss of attractiveness of Treasuries.
The latest figures from the IMF on the reserves of central banks confirm a change in the Central banks policies worldwide. At the forefront is the Mexican bank, which bought 93.3 tons of gold in March, followed by Russia and Thailand. These three countries carry a total of their reserves of gold in value to 6 billion dollars.
But the fate of the gold is not marked and if someone suggests a rise to the level of the precious record of two thousand dollars an ounce, the financial community remains deeply divided. And so it stands a wall between the bride and gold seekers and disenchanted. Among the first is the multi-millionaire John Paulson, hedge-fund manager of the same name, which does not hesitate to declare that gold will go up to $ 4000 an ounce !
On the other side of the wall there is George Soros, who gambled twice on the fall of the British pound , becoming a skilled businessman to the rank within the fold of the international financial community. Well, this time Soros has bet against gold, selling large quantities of the precious metal, because, he says, you see less risk in deflation. In fact, while the whole world bought gold to protect themselves from inflation, Soros Fund Management does it for the opposite risk, protected by a persistent decline in consumer prices.
Already in September Soros has been calling the gold the "last bubble" of speculation, but then he was building his wealth in the precious metals , but now he seems to have decided to follow an opposite strategy.
Who will win ? Some have argued that what appears to be a difference of views is just a different modus operandi, given the fact that the financial arm of Soros moves with greater speed and strength in the market, with the possibility of a quick turnaround. That the gold at this point is subject to correction is not in doubt, but what remains to be seen is for how long will it still shine ...
The latest figures from the IMF on the reserves of central banks confirm a change in the Central banks policies worldwide. At the forefront is the Mexican bank, which bought 93.3 tons of gold in March, followed by Russia and Thailand. These three countries carry a total of their reserves of gold in value to 6 billion dollars.
But the fate of the gold is not marked and if someone suggests a rise to the level of the precious record of two thousand dollars an ounce, the financial community remains deeply divided. And so it stands a wall between the bride and gold seekers and disenchanted. Among the first is the multi-millionaire John Paulson, hedge-fund manager of the same name, which does not hesitate to declare that gold will go up to $ 4000 an ounce !
On the other side of the wall there is George Soros, who gambled twice on the fall of the British pound , becoming a skilled businessman to the rank within the fold of the international financial community. Well, this time Soros has bet against gold, selling large quantities of the precious metal, because, he says, you see less risk in deflation. In fact, while the whole world bought gold to protect themselves from inflation, Soros Fund Management does it for the opposite risk, protected by a persistent decline in consumer prices.
Already in September Soros has been calling the gold the "last bubble" of speculation, but then he was building his wealth in the precious metals , but now he seems to have decided to follow an opposite strategy.
Who will win ? Some have argued that what appears to be a difference of views is just a different modus operandi, given the fact that the financial arm of Soros moves with greater speed and strength in the market, with the possibility of a quick turnaround. That the gold at this point is subject to correction is not in doubt, but what remains to be seen is for how long will it still shine ...
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