FigaNews Tracking Gold Silver Precious Metals Markets , The Financial and Stocks Markets and The Economy
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Thursday, April 28, 2011
Gold Hits Another Record High
A record high for gold and the decline of the dollar : Gold prices increased 2.4% in first quarter : The sharp decline of the dollar boosted gold's gains
Gold prices continued to break record highs on Thursday, benefiting from the steady decline of the U.S. dollar at its lowest level since July / July 2008, after it became clear that the United States will keep its monetary policy as is.
Gold in the spot market Has reached the highest level ever at U.S. $ 1532.91 per ounce (ounce equals 28.25 grams), which is a ninth record high in nine sessions, before easing slightly to the price of $ 1530.80 an ounce."The American population is just now beginning to realize that their 401k turned into a 201k and we've got to have something to counterbalance the typical cash stocks bonds," Michael Haynes, CEO of American Precious Metals Exchange told CNBC
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Gold prices continued to break record highs on Thursday, benefiting from the steady decline of the U.S. dollar at its lowest level since July / July 2008, after it became clear that the United States will keep its monetary policy as is.
Gold in the spot market Has reached the highest level ever at U.S. $ 1532.91 per ounce (ounce equals 28.25 grams), which is a ninth record high in nine sessions, before easing slightly to the price of $ 1530.80 an ounce."The American population is just now beginning to realize that their 401k turned into a 201k and we've got to have something to counterbalance the typical cash stocks bonds," Michael Haynes, CEO of American Precious Metals Exchange told CNBC
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Jim Willie : The Dollar has a cancer called QE
Jim Willie : IMF plan to introduce the SDR but that's just a fancy name for a basket of major currencies the dollar the Euro the Yen and the British Pound , imagine if they try to use this basket as a global reserve banking currency , they think that this will fix the problems that the dollar has , because the dollar has cancer it is called QE
...they gonna fail miserably and this means that the price of commodities will continue to rise uniformly gold silver cotton crude oil all of them in uni-sense
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
...they gonna fail miserably and this means that the price of commodities will continue to rise uniformly gold silver cotton crude oil all of them in uni-sense
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Jim Willie
Bob Chapman : Gold and Silver Markets are way undervalued because of the suppression
Bob Chapman on The ContraryInvestorsCafe 27 Apr 2011
Bob Chapman : prices today are way way undervalued because of the suppression process and they continue to do it , we see it this morning , they are not going to be successful because the cost of doing that is very very high , and that's said I think we already have seen the correction which was cause by them incidentally them being the Federal Reserve the treasury and the working group on the financial markets ....says Bob Chapman of The International Forecaster,
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The ContraryInvestorsCafe
Peter Grandich : Profits taking on Silver
Peter Grandich on taking profit on Silver , Intermediate top may be play according to him , this interview was done by contraryinvestorscafe on Apr 27 2011 ...Peter Grandich recommends taking profits on silver at $50 an ounce , personally I disagree and I trend to go with what James Turk and Bob Chapman are recommending buy keep buying and stay long this market will go ballistic from now on with few corrections here and there that you should use for purchasing more....
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Labels:
PETER GRANDICH
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