Who is The Mystery Gold Buyer? - CNBC 5-24-2011

Gold futures hit their highest settle in three weeks, with the Fast Money traders.Someone bought 50 000 Gold Call options between $16000 and $18000 out of the money expires September , total $50 Million in Call premium paid it is likely to be a central bank or a sovereign fund are they betting on QE3 ? or is it just a speculative move ?




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)

They will pull the plug for the economy before December 2011

Bob Chapman on The National Intel Report 24 May 2011

Bob Chapman - National Intel Report - 05-24-2011 Bob Chapman speaks about the likely default of Greece and a possible QE3 soon , They will pull the plug for the economy in September or October according to an unidentified intel source ..

Eric Sprott , we could see silver at $250/oz

Eric Sprott , CEO of Sprott Asset Management LP said in a keynote presentation at the Hard Assets Investment Conference9 May 2011 “There are a lot of great things about silver going down,” “We’re starting up a (new) silver fund tomorrow – available only in Canada. A week ago we could have bought 1 million oz. of silver and now we’ll be able to buy 1.3 million (oz.) for the same money,” he added.Historically, silver has always traded at a 16:1 ratio to gold. But there is much greater availability of gold to silver (above ground) at any given point – as much as 80 times more, Sprott said. If gold were to go to $3,000-5,000/oz., as some are projecting, we could see silver at $250/oz., he suggested . “Silver will be a currency, just as it always has been – just as much as gold,” Sprott insisted, adding: “There will be silver shortage. … It is logical to suppose that silver will go higher.” via www.resourceinvestor.com





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