chux08

Sizing Up the New Junior Gold Miners Fund

It closed on it's first day above $25 a share. So I'll be setting aside and watching, as for that price I KNOW of better individual gold stocks that have far less to prove than this brand new offering from Van Eck. While it may prove to be a great investment, these first few days will be full of hype. If you feel the need to buy something, I'm sure they did their DD on these companies, so this would be a great place to start your search. Many of these companies that comprise the list would be fine investments individually but until the...excitement subsides a bit, all I'm going to do is add GDXJ to my watch list and let the share price come back towards Earth and reality. No way would I buy here....

What's Shaping Gold Price

"For instance, if many people sold their GLD ETF shares, that would suddenly dump a lot of gold onto the market."

Would that be the gold they say they have or would that be the gold that they're supposed to have?? It's long past time to be using (GTU) instead of (GLD) and doing the same thing with (CEF) and dump your (SLV). Retail buyers (or anyone else, really) can't buy in
"large quantities" but the price of gold rises and GLD supposedly has no problem securing a couple of million ounces or so to....balance it's books?? Hmmm.....O.K. sure. If they say so. Do I know for sure? No more than the next guy. But with....doubts like that, do I really need to??
GLD & SLV = paper gold & paper silver. That I do know....

Gold Transforming into a Completely Demonetized Wealth Asset

Gold is...risky?? Not if you buy weakness, when the price is going down and sell into strength, when the price is going up. (It sure sounds....easy.) It's good to know your limitations but I completely disagree....and so might the guy who says:

"Gold is the world's lowest risk investment. Gold has the lowest risk and perhaps the most reward".

And who says that??

Stewart Thomson from gracelandupdates.com

Richard Gray on the Two Real Drivers Behind Gold Price

"IAMGOLD and their niobium mine....."

That's funny because before today I don't think I ever heard the word. But I was just reading about a historical resource estimate of that very substance at Ucore Uranium's website, where they say they have a 96 million pound resource of niobium (among other heavy REE's) at their Bokan Mountain REE Project in Alaska.
www.ucoreuranium.com/ - just scroll down to see it

Chinese Citizens Significantly Increasing Gold and Silver Ownership

While the Chinese government encourages their citizenry to purchase and hold gold and silver, what are the paper-pushing crooks at the FED and the US Treasury recommending??

Is the Gold Rally Overheated?

"Citigroup (NYSE: C) recently put its stamp of approval on gold, announcing an increased six- to 12-month estimate for gold prices from $975/ounce to $1,025/ounce. The decision was based on a weakening U.S. dollar, increase in investor demand and diversification of the dollar reserves and portfolios."


Hmmmm.....from one of their own too. No wonder they're going to go bankrupt. The Forces of the Dark-Side over at the FED can't be too happy about this!!! What's next?? Citi selling gold and silver bullion like some two bit bank in Canada??

Why Are Large Hedge Funds Investing in Gold?

Why Are Large Hedge Funds Investing in Gold?

After the dollar falls off the cliff....what's left besides gold (PM's) and other commodities?? That's why you want a position in some of these mid tier to major gold producers NOW. Soon as these hedge funds and even the public are frightened out of the dollar (which is looking just kind of scary right now), they'll be looking at getting into gold for the same reason everyone else does. Once the physical market is empty (don't laugh as some of these hedge funds have more dollars/money than the complete gold market is worth) and they start to pile into anything golden, the price of these stocks will SKYROCKET. Don't trade them...just accumulate, hold and enjoy the ride! Right now they, like the Chinese, have to be careful not to buy so much gold that they actually move the price. It wasn't long ago some Chinese Minister of Finance I think said something to the effect that yes, they like gold but they have to buy carefully as every time they do buy, the price goes up. On the other hand with an extensive and ever growing inventory of paper FRN's, they have to be careful there too so they don't get left holding the proverbial (dollar) bag. Oh yes....choices, choices....and everyone has some to make!!

Gold's Real Inflation Adjusted High Is $7,150/oz

(GLD) = paper gold
(SLV) = paper silver

(GTU) = physical gold bullion backed Canadian based shares
(CEF) = physical silver (and gold) bullion backed Canadian based shares

I KNOW which I prefer and it ain't paper posing as real issued by Wall Street....

The World’s Biggest Gold Reserves

Figures lie and liars figure....or something like that.

As for the US gold hoard. Is that the one located in New York or is the hoard located in Ft. Knox the one they're referring to here?? Maybe....this gold has appeared in BOTH places or maybe it's at neither. Only the tooth fairy, Sasquatch, Jimmie Hoffa and Ben Bernanke know for sure and right now none of them seem to be talking.
It's almost pathetic that the Chinese government is recommending that their citizens buy, invest and hold gold and silver bullion, while the crooks at the FED and on Wall Street would have you believe that more of their T.P. (treasury paper but your first impression, toilet paper is more correct) is what Americans need to make them financially....safe. Which leaves me to wonder here who the tyrants in government really are.

Dow Breaks 10,000 for 26th Time While Gold Shines

"In 30 Years Gold has done nothing"

Gold has ALWAYS done exactly what it's supposed to do and that's to preserve your wealth & buying power and it's been doing it for what? 4000+ years now or so??.

In the 30 years he mentions, what has the dollar done? Here it is on the brink of failure just like EVERY OTHER paper currency known to and tried by man. I believe Voltaire (1694-1778) had it right when he said: “Paper money eventually returns to its intrinsic value ---- zero.” And that's the one undeniable truth we can ALL take to the....proverbial bank, Great White included.

An Interesting Alternative to Gold

If this is how you're "investing" in gold, you're really not.
(GLD) is paper gold and as such is a fraud and a scam. And while it does an adequate job of tracking real gold, that's about all it does.
The alternative of choice is (GTU). Stay away from GLD and (SLV) (which is paper silver) and instead look at GTU and (CEF). Real is real and GLD and SLV are nothing but fictitious financial instruments created to defraud their holders while wrecking their respective PM markets. What junk!!

Hong Kong Recalls Gold Reserves: Why No News Coverage?

I remember the Germans trying to get their gold back, though it was in New York, I seem to remember reading just a couple of months ago now. Last I heard the German Prime Minister came to the US presumably to hurry the process along. But it was well noted that the current "custodians" (the Federal Reserve) were rather slow in completing that task. I remember joking to one of my friends that they had a bullet train that ran in a top secret underground tunnel between the Fed's storage facility in New York and the Bullion Depository at Ft. Knox in Kentucky. Whenever they needed the gold to make an appearance for the media at Ft. Knox where most Americans would expect it to be, they send the bullet bullion train to Kentucky. After the photo shoot, it's loaded back up and spirited back to New York before anyone's the wiser. Of course if the real owner should show up demanding their "rightfully owned gold" that could present a problem or two. But nothing a week or two of stalling at the highest levels of government couldn't cure.
So anyway, did Germany ever get their gold back??

What's CNBC's Problem with Gold?

At least you can get BOTH the spot price for gold & silver on their ticker that goes across the top of the screen throughout the day. It's just about perfect when the volume's turned down.

FOX Business mentions only the gold price....

And does anyone remember Sue Herera last winter when the DOW was...down saying, "Is THIS the bottom of the market"? Or Larry Kudlow mentioning, "drill, drill, drill" or something about "green shoots" and "mustard seeds". Jeeez
I
It's enough to make a man WANT Prozac....

Gold and Silver Facing Resistance Levels

This is almost....amusing. Who can predict what gold (or anything else) will do? So if you admit to that, why would you consider buying gold now as the price moves up? Smart people sell into strength when the price rises. Bankers have a long standing habit of doing the same thing. You think they're chasing the price of gold? So if they're selling gold right now and making money as it keeps going up, when do they buy it?? They buy it when the price is going down. When it's on sale. Like your wife buys your groceries, when they're on sale. They buy weakness, when the price of gold (or whatever they're after) is going down. But what if gold loses it all and goes down to where it's worth....nothing, zero, nada???
After all, isn't that what YOU'RE really afraid of?? That YOUR gold is going to go the way of the paper dollar.....ALL THE WAY TO ZERO??
Why go through all of that? Why not let PRICE dictate what YOU are going to do in the way of gold, or silver or any other share of stock or commodity you can think of? That is, when the price of gold is down or falling, consider that a sale. And like your wife's shopping habit of taking advantage of that and buying groceries ON SALE, that's when YOU should be buying gold. Or if you can't wrap your mind around that, why not let your wife start buying the gold too?? And when it starts getting "more valuable" as in it's going up, if you want to make some money, ISN'T THIS WHERE YOU'D WANT TO START SELLING SOME?? As the price is rising??
The problem with a LOT of folks who buy gold is that they throw common sense out the proverbial window and listen to LIFETIME LOSERS in the gold market, CHASE THE PRICE OF GOLD as it rises and then not only lose their nerve at the slightest downturn but then they BAIL on their complete position, assuring more gold market loses for themselves. And more money for those bankers and everyone else (like me) who buys when it's down and sells into strength when it's going up. It's so simple yet so hard (for some, ESPECIALLY when it comes to gold) to pull off. Buy low and sell high....what a concept!!

Will Gold's Mini Rally Hold?

"Everything points to gold going down. Everyone's bearish and betting on a retrace of gold to 680. Plenty of shorts out there and the goldbugs are silent."

One thing FOR SURE and that's IF gold does go to $680, I'll be there buying all the way down, every $20, and I'll be prepared to buy even more ALL THE WAY TO ZERO. (When has an ounce of gold ever been worth....zero?? Hint: NEVER. According to Stewart Thomson of gracelandupdates.com, gold is the least riskiest investment IN THE WORLD).
But if it goes to $970 (every $40 up) or higher, guess what? I'm a seller into strength and I'm booking profits. PRICE dictates what I'll be doing. Not gold market crystal ball gazers who more often than not lose their nerve (if they ever had any) and bail on their positions at the slightest downturn, as well as their subscribers. If the gold community would just trade gold like the bankers and that's BUYING WEAKNESS and SELLING INTO STRENGTH, they'd beat them at their own game. Till they learn that, it'll soon be crying time again....