Gold after Bernanke - Peter Hug of Kitco Metals

Peter Hug talks gold after Federal Reserve Chairman Ben Bernanke's testimony in front of the US House of Representatives on Wednesday. According to Hug, Bernanke's comments were nothing different from what he's been saying for the past 3 months. "He's basically saying and been saying that if the economy improves he'll consider easing off on the tapering program, which doesn't mean increasing interest rates. If the economy gets worse, not only will he continue his bond purchases but he may even increase them. So it's status quo," Hug said. "This [gold] market is at risk of further weakness," Hug added. He is concerned because negative news coming out of Europe and Egypt as well as the Fed's continuous easing should propel gold prices higher but they are actually in a downward trend. Prices are going down because people are looking for returns so they are getting out of gold and seeking assets that yield returns, Hug said. Tune in now to hear Hug's resistance and support levels for gold. Kitco News, July 17, 2013.

Junk Silver Investing - Choosing the Coins that Sell at a Higher Profit

Let's take a look at the various scrap silver choices in U.S. coins. I talk about the least expensive pieces to get and how it will better compliment your other silver/gold bullion. Thanks for watching! For more coin related news, tips and amazing circulation finds,



I like the so called "junk" to go along with the bullion.  I have pulled some nice numi's from my junk. What's your take on bullion stack coins? I am partial to the Libertad. Most of my bullion is in Libs and Eagles. Lately the Libertads. Cheaper Premium and nice looking coin. 

Gold Backwardation Seen by SocGen Prompting ‘Corrective Rally’

Gold’s biggest backwardation since 1999 prompted a “corrective rally” and negative investor sentiment means the outlook is still bearish, according to Societe Generale SA.

Physical gold demand is strong and “nearby tightness” will persist for the “foreseeable future,” Robin Bhar, a London-based metals analyst, said in a report e-mailed today. Gold will average $1,150 an ounce in 2014, according to the bank, which predicted the rout in April when prices entered a bear market, having fallen 20 percent from the high last year.
http://www.bloomberg.com/news/2013-07-17/gold-backwardation-seen-by-socgen-prompting-corrective-rally-.html

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