Monday, December 5, 2011

Gold Price about to Explode from here

Rich Ilczyszyn, chief market strategist and founder, iiTrader gives his outlook for Gold and where he thinks it is headed , "well listen , i think we hit a little bit of resistance today, but i have to say 18, 19, $2,000 an ounce, probably happening next year...listen, these are the levels we are looking at now. if you look at u.s. policy i would guess that in first quarter of next year we may expand our balance sheets again a little bit, weakening the dollar. i think everyone is ready to jump on that trade. i think gold is a good way to hedge yourself." He said "i think every investor should have a little bit of gold in their portfolio. I'm not just talking about my position. I think this is a good hedge. it's also a good investment" He added "anyone who is long here should be cognizant of the concept that this is a microenvironment or macro environment" He explains

Gold to $1900 before year End says Michael Langford

Gold to Approach $1900 says Michael Langford, Proprietary Trader, Stream Consulting at StreamTrading.com who believes that the EU summit on Friday could be a potential catalyst for gold reaching $1900 before the end of the year.He explains that the physical gold market has become disconnected from the financial markets for a while now

Sunday, December 4, 2011

Bob Chapman - The FED to bailout Europe with printed out of thin air paper money

Bob Chapman  - RealNewsRadio - December 3,2011  : the European elite are making another effort in order to extend the problem into the future , what happens is the US federal Reserve has stepped in together with other central banks such as the bank of Japan and the Bank of Canada The Swiss national Bank and the Bank of England those are all sub-refuge all the money is going to come from the FED and they are going to print it will be like a QE an increase in money and credit and it is not going to solve anything except to give them time .....
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