Philippe Herlin : Ben Bernanke re-elected !
Published Nov 8, 2012 on Goldbroker
During his campaign, Mitt Romney had stated that, should he win, he would get rid of the FED’s Chairman, Ben Bernanke. That strong statement means he was going to address the U.S. economic problems the right way, by slowing and then stopping the FED’s debt buy-back program, which is what makes the budget deficit seem painless. Case in point, why worry about balancing public accounts if the FED keeps buying most of the State bonds that finance this deficit ?
Bernanke stands behind this policy of monetizing the public debt, while waiting for an hypothetical growth rally, and does not seem to understand that this huge flow of money, combined with very low interest rates, actually hampers productive investments while, on the contrary, it fosters speculative bubbles on commodities and keeps the stock market artificially going well.
All this money printing contributes to the devaluation of the dollar, and Mario Draghi’s BCE is traveling the same road in Europe. So, of course, all of this is fundamentally bullish for gold.Read article
Greyerz - The Gold Train Is Picking Up A Head Of Steam
Published Nov 6, 2012 on Kingworldnews
With gold, silver, and the entire commodity complex on fire, Egon von Greyerz told King World News, “... the physical buyers are continuing their aggressive purchases. This is just the action that I’ve been predicting for a while. I expected the pressure to last until the election. It’s clear that November will be a strong month. This is the start of the big move. This is the start of the move that will last until at least next summer before a major correction.”Read article
$4,000 Gold! Yes, But When?
Published Nov 5, 2012 on Goldseek
There are hundreds of predictions for the price of gold. Some say it will crash to nearly $1,000, and others proclaim $3,000 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from gold, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future gold price that will make sense to most people?Read article
$100 Silver! Yes, But When? | SilverSeek.com
Published Nov 8, 2012 on Silverseek
There are many predictions for the price of silver. Some say it will crash to nearly $20, and others proclaim $100 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from silver, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future silver price that will make sense to most people?Read article
Gold Setup To Super-Surge To New All-Time Highs
Published Nov 7, 2012 on Kingworldnews
John Hathaway spoke with King World News about his belief that gold is now setup to surge to new all-time highs. The four decade veteran and prolific manager of the Tocqueville Gold Fund also believes gold will do so in very dramatic fashion :
“We had a nice run-up from late August into early October. I certainly feel we have broken the downtrend that started August of 2011, and I believe what is going on now is just backing and filling to cement the platform for the next leg in the bull market.”Read article
Gold jumps over $10 on Iran fears
Published Nov 9, 2012 on Fin24
Gold rose to three-week highs on Thursday as investors continued to bet on easier US fiscal policy following President Obama's victory, and prices also got a bounce from fears about increased tensions between the United States and Iran.Read article
Brazil's Gold Reserves Rise For First Time Since 2008
Published Oct 25, 2012 on Bloomberg
Brazil increased its gold reserves for the first time since December 2008 at a time when investors raised holdings in exchange-traded products to a record.
Brazil’s holdings expanded 1.7 tons last month to 35.3 tons, data on the International Monetary Fund’s website showed. Turkey’s holdings increased 6.8 tons and Ukraine added 0.3 ton. Brazil’s central bank doesn’t comment on the policy of its reserve composition, it said in an e-mail.Read article