Wednesday, 28 September 2011

Alessio Rastani Believes Everything he Said - CNN trying to discredit him

Alessio Rastani is now on tour, we uploaded his video just a couple of days ago. That video shocked many people (I'm sure not our audience, but many uninformed people). The video got so much attention that the mainstream media cannot ignore it. Quite honestly we agree on many of his view points. The system is broke.


Like this article? Digg it!

Monday, 26 September 2011

The Truth Hurts - Governments don't Rule the World, Goldman Sachs Does!


"In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the "Market is Toast." Apparently there is nothing Euro governments can do."

Like this article? Digg it!

Sunday, 25 September 2011

Gold is in a Bubble? Pure Nonsense Still being Published by Main Stream Media!

Wow I was completely blown away by the complete nonsense of the following article. It is completely filled with holes and a lack of understanding current events unfolding. The "journalist" if you can call him that, has clearly not studied any history, or even looked at the last 10 years of history. This shortsightedness and complete lack of understanding of what Gold is, just further justifies what we all, already know. Gold is far from being in a bubble, BTFD!


Here is the opening line of what pursues to be a laughable article:


"If there is one thing we’ve learned about gold in recent years it’s this: It is not a haven investment, a point emphasized by Friday’s $100-an-ounce swan dive..."


- Read the rest of the gibberish here:

http://www.theglobeandmail.com/globe-investor/markets/markets-blog/gold-is-for-the-fool-if-you-are-looking-for-safety/article2178376/

Like this article? Digg it!

Saturday, 24 September 2011

Fears Over 'Shockwave' Of Greek Debt Crisis

According to senior G20 sources, the assumption now is that the country will have to default on its debt by as much as 50% – on top of the 20% voluntary restructuring already agreed in July.

And so whereas efforts some months ago were aimed at preventing Greece defaulting, the Eurozone, and its G20 colleagues from the world's biggest economies, are instead making secret plans to build a firewall protecting European economies such as Spain and Italy from the prospect of a buyers' strike...


- Read the full story here:


Like this article? Digg it!

Friday, 23 September 2011

Sprott Money - We have run OUT of SILVER!

“We have completely run out of physical silver, so we are temporarily out of stock. You have to remember, Eric, that like Dubai, we only sell product that is on our shelves, that we have in stock. We do expect a shipment later today, which will allow us to restock and give us more product to sell.

Our clients are very savvy, sophisticated and when a price drop of this magnitude occurs, they step in and buy very aggressively. Right now there is dramatically increased volume what we are seeing is buying across all spectrums in terms of the size of the orders.

To clarify, we may have some client buying a single tube of silver maples, while at the same time, another client is buying $5 million of 100 ounce silver bars or gold maple leafs. The bottom line here is the drawdown in price is creating a tremendous amount of demand.”

- Larisa Sprott, via a King World News Interview

Tuesday, 20 September 2011

More Gold & Silver Friendly news: Swiss Franc Plunges On Rumor EURCHF Peg To Be Widened To 1.25

To anyone short the USD/EUR-CHF who just went to the bathroom a minute ago, our condolences. The rumor is that the SNB will expand its EURCHF peg to 1.25 tomorrow. Completely unfounded of course. It may just as easily be another forceful intervention round. Or just plain and simple central planner rumor mongering: as noted, Swiss August exports plunged and Hildebrand will take any help he can get.

- Read the full story here:

Friday, 16 September 2011

BREAKING NEWS! - Identities of JP Morgan Silver Manipulators Exposed


“The biggest news in a long time because these are actual people who are coming out and naming names of individuals who were involved in this alleged conspiracy with JP Morgan to actively manipulate the price of silver. People may go to jail over this. JP Morgan has all barrels pointing at them as traders are named in this suit, including senior traders at JP Morgan.”

Robert Gottlieb, who is currently a Managing Director/Trader at JP Morgan and an alleged participant in the manipulation is brought up in the lawsuit. What is interesting about Mr. Gottlieb is that in February of 2008 he made the following statement, “If you take just 1-2% of hard asset pension fund money earmarked for commodities and put that into gold, you can project much higher prices in the future than even where we are today.” The timing of the statement is so interesting because at the time Bear Stearns was massively short silver and the firm collapsed within weeks of his comments...

- Read the full story at King World News here:

Thursday, 15 September 2011

Utilities of the Future

“gold stocks are the utilities of the future.”

- Jim Sinclair

Saturday, 10 September 2011

Eric Sprott - Silver could go to $1,200!

“I think silver will outperform gold in the next decade. If silver should trade at a 16 to 1 ratio (to gold), it will probably trade at 10 to 1 because things tend to overshoot. Let’s use Jim Sinclair’s $12,000 target, that would suggest $1,200 silver, which is a thirty bagger from here...The biggest reason it (silver) should go there is people should fear bank deposits, that’s what I think they should fear.”

- Eric Sprott, via a King World News Interview

Thursday, 8 September 2011

Swiss pegging their currency to the Euro - Very Bullish for Gold

When asked about the Swiss pegging their currency to the euro Embry responded, 

“In a world in which manipulation wasn’t predominant in markets, that news should have sent gold screaming up $100, not down $100. With their currency getting too strong and impacting their economy, they (the Swiss) have hooked themselves up to the euro, which looks like a depth charge. This is a very bullish development for gold.”

- John Embry via a King World News Interview, read the full interview here:

Tuesday, 6 September 2011

Switzerland move threatens currency war

Switzerland is moving aggressively to weaken its franc and protect exports from watches to chocolates, sparking fears of an escalating currency war that would ripple through markets and other economies.

For months, the Swiss National Bank tried to rein in its surging currency by lowering interest rates and injecting francs into the market, but that did little to dissuade investors who viewed the franc as one of the few safe places to keep their money in a world of economic turmoil.

On Tuesday, the central bank decided it would wait no longer, setting a minimum exchange rate of 1.20 francs per euro. Investors immediately sold the currency, which sank by about 8 per cent to the SNB’s target level...

- Read the full story here:



Thank You Swiss National Bank For $2000+ Gold

Confirming that this is a market for idiots, by idiots, was the 4 am response in the price of gold, which following the SNB's Swiss Franc peg announcement did not surge, as it should haveconsidering that the SNB just singularly changed the role of the CHF from a "flight to safety" to a carry currency, making gold the only island of stability in a world of fiat insanity, but instead plunged by over $50. Subsequent attempts to regain the $1900+ level were met with constant program selling for no other reason, than just because someone 'else' was selling. Of course, the logic is completely and totally the opposite. But don't take our word for it: here is Reuters: "Switzerland's decision to peg the erstwhile safe-haven franc to the euro may finally give gold bugs the chance to see prices hit the once-unimaginable $2,000 an ounce mark, as the metal holds on track for its strongest annual rally in three decades. By buying euros in unlimited amounts to weaken the franc, the SNB is in effect putting more of its own currency into circulation, which threatens to trigger inflation. It has also impacted the Swiss currency's status as a haven in its own right. While gold prices initially dipped as the move sparked a rush to liquidity in the form of other currencies such as the dollar, the SNB move is likely to lend firm support to gold in the medium term, analysts said." Precisely. And it is not only Reuters: Bank of America's MacNeill Curry said that Gold will probably rise to $2,050 this year. The rationale - identical to the above: SNB decision to peg franc to euro should also support gold. "They have taken out one of the big safe-haven assets, which is the Swissie." As for the amount of time the idiots will need to realize that QE3 coupled with the SNB action means that gold is now valued somewhere well over $2000: at least a few days...Which everyone who looks for even the smallest golden pullback will be happy to take advantage of.

- Read the full story at ZeroHedge here:



Monday, 5 September 2011

Gold rises to above $1,900 on euro zone debt worries

Gold rose on Monday, breaking back above $1,900 (U.S.) an ounce, as speculation grew that the United States may implement a further round of monetary easing after Friday’s weak payrolls data, and concerns over the euro zone debt crisis resurfaced.

Stock markets fell, with European bank shares sliding to a 29-month low, while the euro shed nearly 1 percent versus the dollar and oil prices slipped as investors sold assets seen as higher risk in favour of havens like gold and Bunds...

- Read the full story here:

Thursday, 1 September 2011

Jim Sinclair interviewed by James Turk

"James Turk, Director of The GoldMoney Foundation, talks to Jim Sinclair, host of http://www.jsmineset.com/, about his successful gold price predictions, US debt problems, how to ride the trend and the second phase of the gold bull. It's a gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. The debt ceiling debate is a wake up call for people all over the world. The video was recorded on August 5 2011 at the GATA conference in London."




Like this post? Subscribe to our free gold and silver newsletter