Bob Chapman - National Intel Report [FULL] - August 30, 2011

Bob Chapman : the prices of real state are going to continue to drop , things are not going to come back in a flash as it happened in the past , I lived in California for years and I have seen one run up and one run down after another , if it was not for the speculators there won't be many houses sold

Chicago FED Charles Evans favors QE3

Very bullish for Gold what Charles Evans Chicago FED said this morning to CNBC he says that he favors QE3 : The current economic situation is disappointing, says Charles Evans, Federal Reserve Bank of Chicago, who explains that the job market is tough to characterize as recession-like but the economy is moving sideways "I think we would have been so much worse off if we didn't have the accommodation that's in place, the additional accommodation that came with qe2. i talk to business people all the time. I was talking to a small business person just the other day. you know, actually my brother who is in the furniture business. I was reminding him that, you know, back in the fall of 2008 when libor rates increased. he finances his inventory on that want basis. if things had not improved he's laid off three workers out of 18 over this entire period. but he would have laid off more if interest rates had not gone down, if we did not control, you know, improved the operating efficiency of financial markets. so the counter fact the salary we would have been much worse off." Evans says

Ron Paul on The Gold Rush

Gold rose 46.34 percent from 52 weeks ago . Year to date Gold is up 28.54 percent .Bob Pisani takes you to the deepest part of the deepest mine in the world. Rep. Ron Paul, (R-TX) and presidential hopeful, weighs in on the recent gold rush.
Ron Paul : I never think about the price of Gold I always think about the value of the dollar , traditionally for thousands of years the currencies been measured by Gold , there has been a lot of fiat currencies throughout history but never one like we have today and that's what people are discovering , the financial crisis is discovering this

Bob Chapman : If they do not hurry up and get their QE3 going , it is going to get much worse

Bob Chapman - Radio Liberty Hour 3 - 29 August 2011

Bob Chapman : If they do not hurry up and get their QE3 going , it is going to get much worse , of course they need help from the legislators but I do not think they are going to get that at least not initially , they are not going to cut anything except social security and medicare certainly not the debt , and they will take whatever they cut there and add it to the military industrial complex ...

Bob Chapman - Radio Liberty - 29 August 2011

Bob Chapman : in the past two years the average Chinese person has been a buyer of gold no matter what the price is , they are getting rid of dollars but they are also getting rid of their currency , and this will continue , china has plenty of economical problems ...

Gold breaking through 1800 again up almost $40

Gold breaking through 1800 again up almost $40 on news that the FED neds more stimulus : Phil Streible, senior market strategist at MFGlobal, says that today's rally sparked by Chicago Fed President Evans isn't sustainable. Streible is bracing for a correction.As long as we maintain below the 1840 level you want to look at the short side if we break above 1840 that's the resistance I think we will go back up and we will retest the highs at least 1900 , so that's my line in the sand says Phil Streible .