BREAKING NEWS: Gold Prices Hammered Below Key $1500 Psychological Level-- What's Happening?

Gold took a serious hit today, with prices falling well below the key, psychological level of $1500, a drop that many are calling a "game changer", at least from a technical perspective. Throughout the day, the currently volatile market took prices back above $1500 for a brief period, before dropping again. Daniela Cambone caught up with Bill Baruch, Senior Market Strategist at iiTrader, to discuss today's price movements and the generally volatile state of the gold market. Kitco News, April 12, 2013. Here's a breakdown of our coverage of gold's wild ride throughout the day: BREAKING: Comex Gold Futures Fall Below $1,500/Oz On Heavy Stop-Loss Selling, Long Liquidation

James Turk : Gold to $11,000 - We Are in a Fiat Currency Bubble

James Turk of GoldMoney.com predicts gold will reach "$11,000" per ounce in the next five years. Turk goes on to say, "It might come sooner. It depends on when confidence finally breaks, and we're getting very, very close to that stage. There's nothing holding the dollar together but confidence." Join Greg Hunter as he goes One-on-One with James Turk of Goldmoney.com.

Demand for Silver products is soaring, but prices are dropping

Demand for Silver products is soaring, but prices are dropping, some buyers say they're having a tough time buying silver coins and bullion of late - as if there's a real shortage unfolding. This has ignited all sorts of conspiracy theories, and a lot of worry, too. For several weeks now, it has been difficult to purchase physical silver at any of the nation's coin shows, and most dealers have a very small supply - if they have any inventory at all. What little silver they can purchase, they tell me, goes out the door quickly as buyers snap it up. Yet the market price of silver remains below $29 to $30 an ounce. Recent reports note that Russia has made a hefty purchase in excess of 25 tons of silver.



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