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  • Central bank demand could push gold prices to $2,500/oz. in three years, Newmont Mining (NEM) CEO Richard O'Brien says, seeing central banks purchasing at least 450 tons of gold next year as they try to diversify reserves and protect against inflation; bank buys on price dips should help create a floor for gold prices at ~$1,600.  [View news story]
    That's correct, $1,600.- is the price per ounce for the time being.
    The next push comes, when the financial system is failing and Europe goes into an even deeper crisis.
    Sep 26, 2012. 12:46 PM | Likes Like |Link to Comment
  • Will Gold Resume Its Rally In The Near Future?  [View article]
    I agree with Butler, the gold bug sees, what is coming down the pike and is patient.
    Once the world wide crisis goes into a crash, gold and silver will be the only currency left.
    Sep 1, 2012. 02:29 PM | 1 Like Like |Link to Comment
  • Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's FOMC minutes to give rise to the idea of a lot more fiat paper chasing the same level of goods. The yellow metal (along with silver) has clearly broken through key technical levels as well. GLD +0.5%, SLV +1.6% premarket.  [View news story]
    Great run, until they dump their "paper"-gold (GLD/ETFs) on
    the market and put the real gold into a downward spiral, again.

    So far, I just see games out there, which Wallstreet loves to play.
    Aug 23, 2012. 10:24 AM | 1 Like Like |Link to Comment
  • Will Gold Go To $3,000 No Matter Who Wins In November?  [View article]
    It all boils down to owning physical gold (not ETFs).
    When the price goes through the roof, - and it will - is the government going to tax gold ownership?
    When is the government - again - going to take the gold
    away from those that have and own it?
    Aug 21, 2012. 05:30 PM | 1 Like Like |Link to Comment
  • 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]
    Owning gold requires patience and good nerves.
    It always paid off at the end and this for thousands of years!
    May 28, 2012. 04:11 PM | 4 Likes Like |Link to Comment
  • Did we miss a QE announcement? Gold takes off, up $20 in minutes to $1,571/oz. GLD +2.1%. The brutally beaten down gold miners fare even better, GDX +4.7%.   [View news story]
    All those, who have lost faith during the down turn of gold and sold whatever they had, are going to regret it.
    The pendulum swings in the other direction again.
    Remember last year? When gold turned at $1,525.- oz.
    May 17, 2012. 11:12 AM | 2 Likes Like |Link to Comment
  • Gold takes a quick tumble, dropping nearly 1% in minutes to $1.650/oz. (taking silver along for the ride, or vice versa). The fall comes as HSBC hits the tape, cutting its 2012 average gold forecast to $1,760 from $1,850 on a "sharp decline" in Indian demand and reduced expectations for QE.   [View news story]
    NuclearDickie is right: HSBC and JPMorgan, (I don't know, if JPMorgue was intentional but very appropriate) commit nothing but thievery by manipulating the paper gold.
    I am holding on to physical gold since 50 years.
    Apr 30, 2012. 11:59 AM | 1 Like Like |Link to Comment
  • The charts show interesting moves for the precious metals, with gold and silver bottoming out of multi-week bear moves right as the FOMC released its policy statement (more ZIRP) yesterday. Since then, gold is 2% higher to $1,658, silver up 3.5% to $31.01.   [View news story]
    Those, who don't have their stash of physical gold by now
    can not be helped.
    Apr 26, 2012. 05:36 PM | 1 Like Like |Link to Comment
  • Does GLD Really Hold Gold, Or Is It A Scam?  [View article]
    I don't trust GLD either. To make money in trading with gold
    GLD is fine. To protect your savings, only physical gold is
    Mar 28, 2012. 11:10 AM | 1 Like Like |Link to Comment
  • Gold Has Found Its Bottom  [View article]
    Simit, has got it right! This is what the gold bugs said all along.
    Unfortunately, the ride up of the gold took some detours,
    which some of us did not expect.
    Mar 27, 2012. 11:11 AM | 3 Likes Like |Link to Comment
  • Gold: Prepare For A Strong Move  [View article]
    Not much, I have to say except: Gilburt is right
    Mar 19, 2012. 08:45 AM | 3 Likes Like |Link to Comment
  • End Of The Gold Bull On The Horizon  [View article]
    What about all the debt in the world, which will never be paid back?
    The day of adjustment - devaluation - will certainly come.
    This is the time the physical gold will shine.
    The gold you think you own with GLD will never end up physically in your hands. The GLD bubble is going to burst some day.
    The gold you hold in your hands will always be the treasure that sustains your lively hood.
    Mar 17, 2012. 07:17 PM | 2 Likes Like |Link to Comment
  • Gold Miner ETFs Slammed  [View article]
    I always maintained, "paper" gold is never the same as physical gold.
    Paper gold may disappear, physical gold will always be where one puts it.
    Mar 8, 2012. 12:39 PM | Likes Like |Link to Comment
  • 10 Predictions For 2012 From BlackRock's Bob Doll  [View article]
    The fact, that you predict the defeat of Obama makes all
    your other predictions worthless.
    You are sooooooooooo wrong!
    Jan 6, 2012. 10:31 AM | 4 Likes Like |Link to Comment
  • Gold ETFs Pause Near $1,800 An Ounce; Goldman Says Stay Long  [View article]
    Physical gold is the secret, in your safe or the vault of a bank.
    Once the run on the ETFs starts and the stockholders want to have their gold physically at home, they won't and can't deliver.
    Nov 14, 2011. 07:12 PM | 1 Like Like |Link to Comment