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Monday, October 31, 2011
David Tice Gold headed to $2500/oz & potentially to $5000/oz
David Tice interviewed by Kitco News from the New Orleans Investment Conference 2011 about his outlook for the Gold Market "Gold certainly had a pull back , I think it is headed to $2500 or potentially to $5000 , we are living in a world of fiat money we are having central banks around the world trying to kick the can down the road , we have a problem of too much debt , we have already livt on credit expansion for a couple of decades and now we are in the other end of that , and we are having governments trying to expand their balance sheets through private sector deliveraging , it's trying to keep the wheels on however the wheels are going to come off in my opinion " David Tice said David Tice expects the $2400/oz in a year and a half but it could be in nine months it all depends it all depends on if the authorities are going to be able to retain control or not ....
Sunday, October 30, 2011
Bob Chapman - Dr Deagle Show - 26 October 2011
Bob Chapman : what they are going to do and this is part of the QE3 that's coming up that I learned from behind the scenes , what they are going to do with the Federal Reserve is they are going to relieve the banking system of its bad assets , things like mortgages that are inside of bonds called MBS and CDOs and they already own 1.3 trillion of this garbage , they won't tell us what they paid for it or what they're worth which is virtually nothing and the banks will take that money and they'll buy longer term treasuries and agency securities.....
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