Bob Chapman : Silver and Gold have bottomed out

Bob Chapman - The Financial Survival 06 July 2011

Bob Chapman : last Friday night Saturday I said that Silver and Gold have bottomed out at a support level and I said that I felt that was it and that on Monday Tuesday and Wednesday the market will be back up again and long and behold I was right , the significant part of hat happens was that it was a major naked short covering by HSBC JPM and others in both silver and gold but in particular in Silver , they knew the lawsuit was on the way ....

Bullish on Gold & Platinum

Gold will probably trade higher from here as the central banks still buying Gold and the global economic situation has not improved that much says Tim Harvey, Sr. VP of ETF Securities, the unrest in Greece and southern Europe affects the price of Gold hugely in its store value as an inflation hedge and other factors why people invest in Gold , the supply of Gold is health there is no squeeze in supply says Tim Harvey but still with Gold we see more buyers coming in like China a huge net buyers of Gold as well as a huge miner of Gold





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)

Bob Chapman : All the European banks are broke

Bob Chapman - Freedom Files 30 June 2011

Bob Chapman : All the European banks are broke , the American banks the big ones are broke and nothing is being fixed , QE1 bailed out the financial communities in Europe and United States and in England for that matter as well , England is in worse shape than anybody , QE2 is bailing out the government and their problems , in the United States it's the treasury the same in England , there is a fifty fifty chance that there will be a revolution in Greece and the army will join the people they already said that