Thursday, July 28, 2011

Eric Sprott : we are in a global secular bear market for most assets classes

Eric Sprott : Sure. Well I do think we are still in the secular bear market and basically what people describe with the phrase “extend and pretend”. And we had the zero interest rate policy, the housing boom, the lending boom, TARP and TALF and all those things which try to delay what naturally should happen. When I look at the headwinds for gold and silver, I really believe that we have been aided and abetted by a lot of these policies, particularly QE1 and QE2 and the various printing mechanisms of the ECB and the Japanese government and almost all governments in the world. So as much as I would not have anticipated those types of developments happening, they have happened and they provide an even stronger headwind for people realizing that currencies are not going to survive and to maintain your purchasing power you have to own precious metals.- in a recent interview with Chris Martenson

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

We are in a secular bull market for Gold

We are in a secular bull market for Gold says Jay Taylor, President & CEO, Taylor Hard Money Advisors says gold prices will hit 1800 to 2000. what's going on in Washington does not give confidence to fiat money , Gold is set to go higher over time , $1800/oz to $2000/oz before the end of the year is a reasonable target ...


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)

Bob Chapman Liberty Roundtable - 22 july 2011

Bob Chapman : Harley Davidson is probably faking its bookkeeping , they are probably selling motorcycles to people who are not qualified this explains why their sales are up , of all the companies that got the TARP funds one of them was Harley Davidson , very strange indeed , Bob Chapman predicts Gold to $8000/oz and silver $400/oz

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