Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed action. GLD flat after being higher by nearly 1% before the report. [View news story]
About the Gold moved, they have over technical view to please everyone. Positive and/or negative
"... there are rumors circulating the market of Asian central bank purchases on any drop into the $1500 to $1550 range -- a gold call of sorts that puts a floor under the price." (From: The most important gold market event since 1999 http://bit.ly/ManOdu )
Avi and your family, I wishe all of you the best ever healthy year ever. The family is a golden value.
Gold may reclaim its safe-haven status by year-end, analysts say, on continued central bank purchases and demand from emerging economies and as investors refocus their interest in cash. OCBC Commodities targets $1,800/oz by the end of the year. In the short-term, expect more price volatility. [View news story]
"The IMF central bank gold demand figures for April were very bullish and suggest that central bank demand in 2012 may be even higher than the 456.4 tons added last year – which was the most in almost five decades."
"The World Gold Council estimates that central banks will buy as much as 400 tons this year."
"The data yesterday suggests that demand may be even higher than these levels and there is also the near certainty that larger central banks, such as the People’s Bank of China, are quietly accumulating gold reserves and not reporting their purchases to the IMF – as was done previously."
With all the years I'm in Gold (since 1989), nobody, nobody are and were good prophet in predicting Gold moved.
"Your Greatest Enemy Is Your Emotions" Jim Sinclair
"Your greatest enemy now is your emotions. In fact it is the only tool that can be used against you. If you have not taken margin your worst case scenario is the pain of quoting. I have suggested at various times since $248 gold that you dig a hole, jump in and pull a rock over your head. Each time I did I was derided thoroughly by the shorts. Each time I did the price of gold went significantly higher." "The price of gold is going much higher. The problems that give gold its reason to go higher are growing, not waning."
"There is no political will for the results of an EU break up. There is no way the Fed is going austere as the austerity is exploding in the face of Europe politically." "There has been no decline in the amount of notional value of OTC derivatives outstanding. If you think Morgan is the only derivative problem out there you are quite wrong." "Stay the course, stop looking every few minutes, and quiet your emotions. Gold will trade at and above $2111 after this reaction is completed." Respectfully, Jim
"The physical precious metals market is still very strong with Swiss refiners working around the clock and central banks around the world continuing to buy. Chinese imports this year so far are up 6 times on last year. The selling that we are currently seeing is primarily in the gold paper market. This is short term speculators in precious metals that are getting out of their positions. We saw the same in the 2008 correction when gold came down as many investors liquidated positions in all investment classes." May 11th, 2012 by Egon von Greyerz http://bit.ly/ILz8tB
Apache's New TapOil Interests Will Push Stock Higher [View article]
In New Zealand another one to watch in the same area then Tag Oil is New Zealand Energy Corp. NZERF.PK ($2.70) but with 2-million acre land package and start producing. April 2012 – NZEC produced ~1,200 boe/d (845 bbl/d and 2,110 mcf/d1), exclusively from Copper Moki-1 and Copper Moki-2
"Civilized people don't buy gold," Charlie Munger tells CNBC, prompting a couple of nice replies. From John Defeo, "... they buy 1/3 of the world's silver," referring to The Oracle's 2001 foray into that metal. "When one is fully invested in a fiat currency system both financially and in terms of legacy, you might say (that)," writes Robert Sinn. [View news story]
"Forgetting your mistakes is a terrible error if you are trying to improve your cognition." Charlie Munger -
"Civilized people don't buy gold," Charlie Munger tells CNBC, prompting a couple of nice replies. From John Defeo, "... they buy 1/3 of the world's silver," referring to The Oracle's 2001 foray into that metal. "When one is fully invested in a fiat currency system both financially and in terms of legacy, you might say (that)," writes Robert Sinn. [View news story]
"Civilized people don't buy gold," That doesn't mean they are intelligent!
Invest In Graphene With GrafTech International [View article]
I like "brother and sister" graphite & graphine. :)
In a very young graphite mining sector, there is a few of them should be consider as watch. Northern Graphite NGC, Focus Metals FMS, Strike Graphite SRK
Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed action. GLD flat after being higher by nearly 1% before the report. [View news story]
Gold $2000? Are We Joking? [View article]
(From: The most important gold market event since 1999 http://bit.ly/ManOdu )
Avi and your family, I wishe all of you the best ever healthy year ever. The family is a golden value.
Hyperinflation In America: The Dramatic End Of The Dollar? [View article]
The Basics of Oil Investing: Understanding The WTI - Brent Spread [View article]
Gold may reclaim its safe-haven status by year-end, analysts say, on continued central bank purchases and demand from emerging economies and as investors refocus their interest in cash. OCBC Commodities targets $1,800/oz by the end of the year. In the short-term, expect more price volatility. [View news story]
"The IMF central bank gold demand figures for April were very bullish and suggest that central bank demand in 2012 may be even higher than the 456.4 tons added last year – which was the most in almost five decades."
"The World Gold Council estimates that central banks will buy as much as 400 tons this year."
"The data yesterday suggests that demand may be even higher than these levels and there is also the near certainty that larger central banks, such as the People’s Bank of China, are quietly accumulating gold reserves and not reporting their purchases to the IMF – as was done previously."
With all the years I'm in Gold (since 1989), nobody, nobody are and were good prophet in predicting Gold moved.
Don't Bet On Gold [View article]
"Your greatest enemy now is your emotions. In fact it is the only tool that can be used against you.
If you have not taken margin your worst case scenario is the pain of quoting. I have suggested at various times since $248 gold that you dig a hole, jump in and pull a rock over your head. Each time I did I was derided thoroughly by the shorts. Each time I did the price of gold went significantly higher."
"The price of gold is going much higher. The problems that give gold its reason to go higher are growing, not waning."
"There is no political will for the results of an EU break up. There is no way the Fed is going austere as the austerity is exploding in the face of Europe politically."
"There has been no decline in the amount of notional value of OTC derivatives outstanding. If you think Morgan is the only derivative problem out there you are quite wrong."
"Stay the course, stop looking every few minutes, and quiet your emotions. Gold will trade at and above $2111 after this reaction is completed."
Respectfully,
Jim
Don't Bet On Gold [View article]
Even cars today.
Don't Bet On Gold [View article]
Don't Bet On Gold [View article]
May 11th, 2012 by Egon von Greyerz
http://bit.ly/ILz8tB
Apache's New TapOil Interests Will Push Stock Higher [View article]
April 2012 – NZEC produced ~1,200 boe/d (845 bbl/d and 2,110 mcf/d1), exclusively from Copper Moki-1 and Copper Moki-2
Presentation: http://bit.ly/JqJn7V
"Civilized people don't buy gold," Charlie Munger tells CNBC, prompting a couple of nice replies. From John Defeo, "... they buy 1/3 of the world's silver," referring to The Oracle's 2001 foray into that metal. "When one is fully invested in a fiat currency system both financially and in terms of legacy, you might say (that)," writes Robert Sinn. [View news story]
Charlie Munger -
It is not to late Charlie.
"Civilized people don't buy gold," Charlie Munger tells CNBC, prompting a couple of nice replies. From John Defeo, "... they buy 1/3 of the world's silver," referring to The Oracle's 2001 foray into that metal. "When one is fully invested in a fiat currency system both financially and in terms of legacy, you might say (that)," writes Robert Sinn. [View news story]
Why The Current Bull Market In Gold Is Bigger Than The One In The 1970s [View article]
Thanks.
AEterna May Shoot Over $3/Share In The Near-Term [View article]
Invest In Graphene With GrafTech International [View article]
In a very young graphite mining sector, there is a few of them should be consider as watch.
Northern Graphite NGC, Focus Metals FMS, Strike Graphite SRK
Articles on graphite:
"Riding the graphite bull"
http://bit.ly/H8jUNn
"Graphite: The Miracle Material of the Future"
http://bit.ly/wZ8ocX