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Gold & Silver Price Behavior

This site gives an outlook on the future behavior of gold & silver prices

2012 - 02 - 17:

[04:45 pm] Hopefully it'll happen, we are waiting: Greyerz - Gold to Begin a Major Advance Starting Next Week

[12:30 pm] Gold is ready to go to the next level: Stephen Leeb - This Will Spark the Next Leg Higher in Gold

[05:45 am] Not really: John Embry - Is Greece’s Situation Bad for Gold?

2012 - 02 - 16:

[04:15 am] 321gold: Eureka! When Gold Struck Me

[04:00 am] John Embry: Debt saturation ensures much higher gold & silver

2012 - 02 - 15:

[01:45 pm] When they are finally free - Video: Gold to $57,000, Silver Even More? Interview of Adrian Douglas Part 1 of 2

[06:45 am] Definitely a price region that sounds appealing to our ears: Nick Barisheff: Why $10,000 Gold Could Be a Conservative Estimate

[06:45 am] That boy seems to have an erotic relationship with silver - kind of: My Affair With Silver ... And Where It Goes From Here

2012 - 02 - 14:

[12:30 pm] Starting at $1750? Turk - Gold Panic Buying & Pulling Banks Back from the Brink

Turk told King World News that even though the markets are quiet, the reality is we are getting very close to a “buying panic.”

When asked about silver specifically, Turk responded, “I keep going back to that weekly silver chart that we’ve been talking about now for a couple of months. With each passing day, the base in silver continues to build. We should view this base as a launch pad from which silver will rocket higher. It’s taking a little patience, but once that $35 level is broken, it’s blastoff for silver.”

Instead of thinking about falling precious metals prices, investors should instead be prepared for panic buying when gold breaks above $1,750 and silver takes out $35.”

We're badly longing for that next big up move. The winter season for precious metals has been pretty nerve-wracking. But remain patient gold and silver bugs, spring is approaching.

2012 - 02 - 13:

[05:15 pm] David Morgan: More Bullish on SILVER NOW Than Ever Before

[05:15 pm] Silver For The People - Explained

[05:15 pm] We are bullish, too: Interview – Midas Fund Manager: “We’re Very Bullish on Gold & Silver, and Extremely Excited About Mining Equities”

[05:15 pm] Right: “Buy and Hold” Is Not Dead When It Comes To The Precious Metals Sector

2012 - 02 - 11:

[11:00 am] Ben Davies: Fair value on gold today is over $4,000

I would not be surprised if 2012 is the year we really start to get that retail momentum into the (gold) market. So it’s not inconceivable the numbers I have posted in latter years, that we start getting back to what I consider fair value relative to the monetary base, which is, of course, over $4,000.”

[11:00 am] Casey Research: Permanent gold backwardation

[11:00 am] Who is buying Gold? Greg Weldon and Grant Williams: Gold Prices Driven Higher By Europe & China

[11:00 am] Gold’s best friend? Bernanke Sends Gold & Oil Surging in War Against Middle Class

[03:00 am] After prices fell 10 percent in December, many investors wondered if the bull market in gold was running out of steam: In the Bullring with Gold

[11:00 am] Embry: Gold’s Rise Will Shock Market Participants This Year read!

I still believe this is all just a precursor to what will be the finest year we’ve ever had in this bull market. The best up year, so far, in this gold bull was 36% and I would be surprised if that number were not obliterated this year. This will continue to be a very strong year for the precious metals and it will leave many market participants shocked.”

2012 - 02 - 07:

[12:45 pm] Greyerz: Gold Price to Hit $5,000 in 24 Months & Silver $166

If gold goes up to let’s say $5,000, the (gold/silver) ratio will come back down to at least where it was in 2008, which is 30. I would say that’s a minimum. Then your talking about silver at $166.”

[12:45 pm] Here is what Rule had to say about how this bull market will proceed as opposed to the one from the 1970s: Critical Differences Between Gold Bull Today vs 70s

2012 - 02 - 06:

[03:15 pm] Gold & Silver: THE TRUTH

[03:15 pm] SBSS 9. Gold is the Gut Reaction, Silver is the Smart Decision

[03:15 pm] The Real Asset Co.: Gold bull bigger than ever

[03:15 pm] King World News: Watch gold, 2012 fated to be a monster year

2012 - 02 - 01:

[02:45 pm] WOW: Gold bullion headed for biggest monthly gain this century

[02:45 pm] Fleckenstein: Get ready, public to enter gold & silver markets

When asked if that new bid in gold and silver meant the metals could explode to the upside, Fleckenstein responded, “Sure, because a gigantic amount of buying in the metals has been from China and India. The average American has been more concerned about preservation of capital. I’m suggesting that’s going to change and if you are going to have Americans buying gold, on top of the Chinese and the Indians, and the Europeans get involved, you are not going to be able to increase supply, so the only thing left to adjust is going to be price.”

[02:45 pm] Leeb surprised KWN by predicting that silver will hit $100 this year: Leeb - Silver to Break $100 This Year & Gold Bull on the Move

[02:45 pm] King World News: Gold market positioned for massive upside move

I really like the action of silver.  Silver still hasn’t broken out like gold has, but as I said to you last time, I expect that to happen soon.  It will break out around the $37 level.  That’s going to happen very quickly because the gold/silver ratio is moving down nicely, but I think it will soon accelerate lower and silver will move a lot faster to the upside than gold. 

[02:45 pm] King World News: Gold ready to smash through $2,000, exploding higher

[02:45 pm] Audio: Eric Sprott Interview

2012 - 01 - 30:

[03:45 pm] Jim Rickards: Leeb surprised KWN by predicting that silver will hit $100 this yearGold may super spike as we see the end of the dollar

2012 - 01 - 29:

[12:30 pm] For silver bugs: The Silver Singularity Is Near, "The Coming Paradigm Shift in Silver"

[12:30 pm] This should push the silver price further to the upside - Video: Eric Sprott - There's No Silver Left - Casey Research

[12:30 pm] It's about time: Russell - Gold Threatening Dollar’s Reserve Currency Status

If we see gold replacing the dollar as the world’s reserve currency, this will be accompanied by a collapse of confidence in the current financial system and panic buying in gold. This will create a move in gold, as Sinclair says, “That will light your hair on fire.”

2012 - 01 - 28:

[06:45 am] Something for silver-bugs: Silver Will Go to $50 and Then Explode Dramatically Higher! Here’s Why

[06:45 am] Central banks and the big boys: Who’s Buying? A Look At The Stealth Rise In Gold Prices

[06:45 am] It's gonna be a supernova, something we've never seen before: Rickards: Gold May Super Spike as We See the End of the Dollar

2012 - 01 - 27:

[12:00 pm] Come on, let's do this: I Stand By $140 Silver In 2012

[12:00 pm] January 2012: Gold on Track for Best Month Since August 2011

[11:45 am] Hopefully soon: Eric Sprott - Aggressive Chinese Buying Will Spike Gold Price

[11:45 am] Good for gold: Leeb - Fed Game Changer Sparks 2nd Leg of Gold & Silver Bulls

2012 - 01 - 26:

[10:30 am] GoldSilver: Fiat currency system meltdown has huge implications for gold & silver - Embry

[10:30 am] To establish new currencies? Governments Will Allow Much, Much Higher Gold Prices Soon! Here’s Why

[10:30 am] Jim Willie: Large Physical Gold Orders Are Clearing at $230 OVER Paper Markets must read!

I remember when gold went below $1800 and plumbed the depths of $1700, I sent a message to one of best sources of gold information who’s a trader in a foreign country- he’s not an American citizen. And I said, if you don’t mind, what are you seeing for the prevailing physical gold price as we’re at $1720 or $1730 right now one the supposed price discovery out of COMEX. And he said, well, you have to pay very little attention to COMEX, it might show $1730, but I could show you lots and lots of sales in the multiple millions of gold in the $1950 range. So there was a $230 premium for physical.

[10:30 am] Because they manipulated it too low last year, to me, we are set up for the biggest year over year gain in the bull market to date: John Embry - Gold is the Cure to Epic Monetary Debasement

[10:30 am] Was yesterday the start? Brodsky - We’re Headed to a Point Where Gold Will Go Parabolic

---> Gold Extending Gains On Realization Fed's Only Option Is CTRL+P, No QE3; ZIRP Extended Thru 2014 As Jeffrey Lacker Objects - Full December-January Statement Comparison

[10:30 am] Good news for Gold bugs: Jim Sinclair - Mainstream Entities Will Now Enter Gold Market

012 - 01 - 24:

[02:15 pm] GoldMoney: Silver bulls' confidence growing

In response to the general positive trend at the global markets, the Indian futures markets has recorded significant gains in the silver price. At the Mumbai Multi Commodity Exchange, silver futures for March delivery climbed 1.28% (close to 700 rupees) to 56,260 rupees per kilo. Market observers expect that the Indian silver price will continue to rise as central banks move towards further stimulus measures.

[02:15 pm] Certainly not the end: Silver's 2011 big move: Was it the end or the beginning?

The kind of movement we've seen since silver has moved out of the triangle is normally associated with moves at the end of a big move. So, either that move was the end of silver's big move, or it was just an unusually big beginning of a really big move, which suggests we will have an unusually big end of a big move (still to come). Again, I see no evidence to suggest that anything we've seen so far was the end of the silver bull market, so I am expecting the latter (i.e. a very powerful upleg yet to unfold). The real power of this expected move is likely to be released only some time after price has surpassed the $50 level.

[02:15 pm] We'll see: Smith McKenna: Silver To Hit $50 Early 2012, $75 Mid 2012, $150 By Year End

[02:15 pm] Video: Ron Paul & Mike Maloney Hit It Out Of The Park - Gold, Silver & Debt Based Monetary System

[02:15 pm] Run To Gold: The coming dollar downleg and gold upleg

2012 - 01 - 22:

[07:45 am] Because Sprott is buying? Explaining Today's Silver Surge

[07:45 am] The time will come when these paper tigers will enter the gold market: Ben Davies - Funds Will Pile into Gold after Missing the Rally

These guys aren't too clever, however, they've got a lot of money from other people to invest.

2012 - 01 - 20:

[05:45 pm] The Silver rally will be overwhelming: Silver set to soar against everything?

[05:45 pm] Audio: Jim Sinclair On Gold

[11:45 am] Kingworldnews: We have panic right now & flight into gold

[11:45 am] Hahaha: "A Longer-Term Perspective On Gold" And More, From Nomura

2012 - 01 - 19:

[07:00 am] Kingworldnews: Von Greyerz - Silver Shortages & Gold to Accelerate Higher

When asked about silver specifically, von Greyerz stated, “There are shortages of silver.  It’s more difficult to get hold of silver.  We can see the intervention (manipulation), every day, in the silver market.  It trades down in Europe and then up in the East.  In spite of that the trend is clearly up.

I can see silver exploding in the next few months.  It should double in price in the next three to six months.” 

[07:00 am] David Morgan Audio - The Great Silver Myth!

[07:00 am] Price action? John Embry - Gold to Rapidly Triple in Price on This Move read!

“We’re very close now to that important moment where the physical market actually does overwhelm the paper market, and as this takes place you will see massive moves in the price of gold. I will finally be convinced the physical market has gained ascendancy when the gold price is going up 4% or 5% a day or $100. That’s going to happen.

The ‘London Trader’ is right when he says there is a lagging effect from the physical purchases which is later reflected in the price. In the end, the Achilles heel of the paper manipulators is they have to be able to get enough physical gold to handle demand. So, I agree with the London Trader there is a delayed reaction.

New 2012 - 01 - 17:

[10:45 am] Will Silver profiting from war? Iran could make silver bugs filthy rich

[10:45 am] Hopefully soon: When will silver make a new high?

New 2012 - 01 - 16:

[04:00 pm] Munknee: Richard Russell: please move into gold!

New 2012 - 01 - 13:

[10:00 am] Silverseek: Outlook for 2012 and Keeping Your Emotions Away From Your Silver

[10:00 am] The best way is to invest in precious metals and then go to sleep for a couple of years: 2 Ways To Play Gold In 2012

[09:30 am] Kingworldnews: Jim Sinclair - 5 Major US Banks Could Fail From Derivatives

[09:30 am] John Embry: Investors Digest

[09:30 am] It's supposed to go up from now on: GOLD CORRECTION IS OVER by Alf Field

New 2012 - 01 - 12:

[02:45 pm] From the guru: Richard Russell: Gold Is Absolute Money!

[02:45 pm] When the shit hits the fan, it won't take so long: John Embry - Silver to Break $100 in 12 to 24 Months

[06:30 am] Audio: James Turk interview

[06:30 am] Audio: Rob McEwen interview

New 2012 - 01 - 11:

[12:15 pm] Video: James West interviews Eric Sprott

[12:15 pm] For investors who continue to believe in the secular bull market for gold bullion and have a decent level of patience, today’s miners represent an attractive long-term entry level given their significantly oversold condition and cheap valuations: Precious metals market most oversold since 2008

[12:15 pm] BullionVault: "Bullish macro drivers, not dollar" will dictate 2012 gold prices

[12:15 pm] Zerohedge: Charting The Price Of Gold... All The Way Back To 1265

New 2012 - 01 - 10:

[11:30 am] Rob McEwen: Gold to hit $2,000 and accelerate, silver $150 - $300

[11:30 am] Empire Club Outlook 2012: Why Rising Debt Will Lead to $10,000 Gold

[11:30 am] Etfdailynews: Sprott Physical Silver Trust Bulls In Deep Space 9-9-9

[11:30 am] $500/oz Silver: Absurd Gold/Silver Price Ratio; Why $500/oz Silver Is Now A Certainty In The Future

New 2012 - 01 - 09:

[03:15 pm] Sounds good: Gold is great, but silver is the next apple

Once theses two levels are taken out, that three month move to $70 begins.  So, as I see it, just keep accumulating physical silver here.  The fundamentals for silver continue to remain very bullish and only time will tell if silver is the next Apple.  I continue to expect that silver will go much higher and reach my $400 per ounce forecast.... 

[03:15 pm] The situation in silver appears to be very bullish at this time based on the long-term indicators, which carry more weight that short-term signals: Silver confirms the bullish outlook for precious metals

[03:15 pm] GoldMoney: Financial repression

[03:15 pm] Got Gold Report: Silver, you ain't seen nothin' yet

New 2012 - 01 - 07:

[05:00 pm] We keep waiting: Why Rising Debt Will Lead to $10,000 Gold

[05:00 am] Price explosion in silver ahead: Physical Silver Surges To Record 30% Premium Over Spot, In Backwardation read!

And for a good sense of what the "real" price of the metal is, not one determined by institutions whose interest it is to preserve the hegemony of paper, one can either try to procure gold and silver at a retail merchant, or one can look to the premium of a dedicated physical ETF over spot. Such as Eric Sprott's PSLV which as of today is trading at an all time high premium of 30%! In other words, someone is willing to pay up to 30% over spot for the right to be closer to the physical metal than merely have a paper claim on a paper claim (pre hyper rehypothecation and what not). Incidentally the last NAV premium over spot record was back in April 2011 just as silver went parabolic and the entire commodity complex experienced the infamous May 1 takedown when it collapsed by $8 dollars in milliseconds on glaringly obvious coordinated intervention. Said otherwise, like back then, so now there is an actual shortage, manifesting itself in the premium. And while last time its was the price plunge which eased supply needs, we are not so sure how one will be able to spin a collapse of the current, far lower paper silver price.

But in gold and silver it means something else entirely. People have the metal. But for whatever reason(s), they choose not to take this free money. In the silver market right now, trust is in short supply. In the past (think fall 2010 through spring 2011), this has been resolved by sharply rising prices which coax fresh metal out of hiding.

Looks like silver investors will soon be able to celebrate the next big feast. Just a little more patience is required.

New 2012 - 01 - 06:

[04:15 am] Bloomberg: Gold Traders Most Bullish in Month After Bear Market Averted: Commodities

[04:15 am] The gold bull market is far from over: Was 2011 the End of the Gold Rush?

New 2012 - 01 - 05:

[01:45 pm] For anxious gold investors: John Embry - Gold Will Not Trade Below $1,500 Ever Again

New 2012 - 01 - 04:

[04:15 pm] The incoming negativity on gold last week reached epic levels: Negativity in gold reaches epic levels

[04:15 pm] We'll see: Gold will not trade below $1,500 ever again

[04:15 pm] Welcome back to the worldwide fiat currency race to debase: Race to Debase - 2011 Q4 - Fiat Currencies vs Gold & Silver

[04:15 pm] Silver as a hedge and multiplier of wealth: The Possibility of $1,000 Silver before Hyperinflation

Clearly, both assets are still under-owned and undervalued, with silver much more so than gold. Although G.I. Metals DMCC projects that silver will outperform gold in the long run, its speculative quality and volatility is not for everyone. However, we suggest that those who can handle this volatility should have physical exposure to silver and its remarkable fundamentals which are still - for the most part - undiscovered.

[04:15 pm] Audio: GoldSilver Radio - Mike Maloney - Gold & Silver Insights

New 2012 - 01 - 03:

[02:15 pm] Review: 2011 - so went silver...

[02:15 pm] Aha, listen to this: Biggest Silver Surge In Over 3 Years

[02:15 pm] Zerohedge: There Is No Joy In Muddlethroughville: World's Biggest Hedge Fund Is Bearish For 2012 Through 2028, And Is Long Gold

New 2012 - 01 - 02:

[04:00 pm] This is a very conservative estimate: Silver is set to hit $60 by the close of 2012 – David Morgan

When the collapse goes down, any silver price is imaginable. We expect something like 1/10 of the gold price.

[05:15 am] For all "deflationsts" who see gold going down: Grandich Raises Gold Challenge to $2 Million.

Newsletter writer/bomb thrower Peter Grandich is at it again.

A few weeks ago he launched a broadside rant against three of his fellow newsletter writers, including Dennis Gartman, who have recently dared to suggest that gold might possibly not be a great buy right now! After labeling them the Three Stooges, he challenged them to a $1 million bet that gold will hit $2000 an ounce before it hits $1200 an ounce.

The response from the Stooges ranged from calling Grandich a nut job (Jon Nadler of Kitco) to wishing him a Merry Christmas (the chivalrous Gartman).

Having not thoroughly spooked all the horses with that first bet, Grandich has today raised the ante, directing all of his ire at Nadler and challenging him to another bet, now $2 million, that gold will hit $2100 before it hits $1000
These bets are easy to win. Especially against these anti-gold idiots Gartman and Nadler. Wonder wether they will pay once gold hits $2100.

New 2011 - 12 - 31:

[02:15 pm] I think the "snap-back" move we get in the sector will shock a lot of people: Bubble/No Bubble - And Happy 2012

[02:15 pm] The gold bull market continues: Richard Russell - We are Watching Market History in Gold

This year's close for gold marks the 11th year for higher year end gold closing. To my knowledge this is the longest bull market of any kind in history in which each year's close was above the previous year. This fabulous bull market will not end with a whisper and a fizzle. I continue to believe that the upside gold crescendo of this bull market lies ahead. We are watching market history.”

As Sinclair said in his last KWN interview: “But let me tell you that when this year is over, the only hands left holding physical gold and gold shares are the strongest hands on the planet. Every possible weak hand has been shaken out.

Yes, the strong ones survived the price suppression. Now we're waiting for the "upside gold crescendo".

New 2011 - 12 - 30:

[05:15 pm] For all gold&silver crybabies: Silver Price: Attention All Crybabies, Get The Checkbook Out!, Why Further Moves Lower In The Price Of Gold Seem Unlikely, Gold Prices 2012 Forecast: How To Make Double The Gold Profits In The New Year

New 2011 - 12 - 29:

[03:00 pm] Zerohedge: The Fed vs The ECB - Presenting "The Correlation Of 2012" And What It Means For Gold

We fully expect the correlation arbs, which usually need someone to point out the glaringly obvious to them before they encode given relationships and correlation pairs into buy and sell signals, will very soon comprehend why the one most underpriced asset at this point, by orders of magnitude, is gold. For the simple reason that currency debasement has been going on feverishly, if behind the scenes, for the past 6 months, and gold is nothing more, or less, than a hedge against monetary dilution. By anyone. That most certainly includes the ECB as well. We, also, for one, hope to be fully prepared for the instant when the "Eureka" moment strikes.

[03:00 pm] Gold & Silver. 1000:1 -The Greatest Wealth Transfer in History

[03:00 pm] Is It Too Late To Buy Gold and Silver? - Mike Maloney & The Elevation Group

[03:00 pm] Peter Cooper: Why we are sticking with silver as our top pick for 2012

[03:00 pm] Gold and silver are getting ready to make a big move: Countdown To 2012

[03:00 pm] Peter Grant: Gold Near-Term Outlook 2012

New 2011 - 12 - 27:

[01:30 pm] GotGoldReports.com: COMEX futures for silver near extreme bullish levels

  • Largest combined commercial traders least net short silver since 2001, when silver traded for $4.20 the ounce.
  • Traders classed as Swap Dealers report record net long futures position.
  • Just since November 15, as silver fell $4.98 or 14.4%, combined commercial traders reduce their collective net short positioning by stunning 43.6%.

[01:30 pm] Outlook: James Turk - What to Expect from Gold & Silver in 2012

The last couple of weeks are no different than what we’ve seen many, many times before and to me, even if you look at it from a technical perspective, gold is still in an uptrend.  (Also), that flag formation on silver is still forming very, very nicely.  When we break out of that flag, I think you are going to see the price of silver double in (roughly) three months.

So, $70 silver by the end of March, is that realistic?  Yes, I think so.  Gold over $2,000 in 2012, probably in the first quarter, yeah.  That’s very realistic as well because the things which have been driving the metals are still very much in place.  So forget about a downdraft here and there, just see it as a buying opportunity.

He is very bullish on Silver, as well. We think, 2012 will be a very good year for the white metal.

New 2011 - 12 - 25:

[11:15 am] King World News: The gold panic & what to expect in 2012

[11:15 am] 24hGold: World economic trends and the future price of gold

[11:15 am] We'll see: Gold bottoming around $1,600, $2,100 likely early in 2012

[11:15 am] Video: Outlook for gold in 2012

[11:15 am] We're ready: Gold price set for hyperbolic increase, Paul Brodsky - Gold Could See Five Digits in 2012, Alf Field: gold going to $4,500/ozt. in new wave toward parabolic peak

However, the history of monetary inflation confirms that once it enters a hyperbolic phase, it is almost impossible to stop. Armchair critics have derided the stupidity of central banks and economists in past hyperinflations, such as in Weimar Germany, Argentina and Zimbabwe. The truth is that when hyperinflation has become visible at the price level, it has already gone past the point of no return at the monetary level.

New 2011 - 12 - 20:

[02:00 pm] It's definitely going to be another interesting year for gold and silver: Bullish & Bearish Arguments For Precious Metals in 2012  

[05:45 am] For Silver Bugs: Pierre Lassonde - This Gold Bull Market is Far From Over

[05:45 am] For Gold Bugs: Eric Sprott: I think That This Next Decade Will Be The Decade For Silver Prices

[05:45 am] GoldSilver: Gold Set to Surge to $3,000 by June

[05:45 am] The Chinese have continued to take delivery of both physical gold and silver directly from the ETF’s GLD and SLV: London Trader - We are Witnessing a Historic Bottom in Gold must read!

“They (bullion banks) hold that little bit of physical gold and claim they are backed up on their position to the CFTC. I have all my large buyers now going to producers and saying to them, ‘Look, don’t sell it to the bullion banks, we’ll buy it from you.’ So we are buying directly from the producers and this includes some sovereign entities which are doing the same thing.

We’re struggling to get the physical out of these guys (producers) because they have so many people banging on their door, saying, ‘Sell it to us direct.’ What these buyers are doing is essentially taking gold out of the system, which means the bullion banks can’t leverage that gold anymore.

So this is a huge, dynamic shift that wasn’t there before. Now we are working on one other thing. We’re beginning to offer them forward contracts. If you are a sovereign entity, what you are saying to these producers, especially on new projects, is, ‘Why don’t you sell the gold to me in 12 months? Here’s the cash, just provide it to me 12 months from now.’

These buyers are now cutting off future gold supply from the bullion banks....

You have to keep in mind this recent plunge was orchestrated with borrowed gold and that borrowed gold is now gone. That’s why gold can’t go much lower. Any dips in price will be aggressively purchased. As I said earlier, right now we are witnessing a historic bottom.”

New 2011 - 12 - 20:

[04:00 pm] Zerohedge: Morgan Stanley Deconstructs The Funding Crisis At The Heart Of The Recent Gold Sell Off, And Why The Gold Surge Can Resume

[04:00 pm] Peter Schiff: Gold, inflation, Paul Krugman challenge

New 2011 - 12 - 19:

[03:30 pm] Marketwatch: Commentary: Bugs take big hit, but Asia is buying

[03:30 pm] We're patiently waiting: Jim Rickards - This Will Send the Price of Gold to the Moon

[03:30 pm] Interview: Rick Rule - I Personally Bought Over $10 Million This Week

New 2011 - 12 - 16:

[05:15 am] Don't allow the suppressors to intimidate you: Sit Tight And Be Right (Or Add To Your Positions)

[05:15 am] Will 2012 become the best gold-year ever? Get Out of the Stock Market and Into Gold

Sit back and relax – 2011 was a strange year. Gold and silver were stellar performers in the spring and summer, which is very unusual and they have under-performed in the fall, which is also unusual. All of this is leading up to a monster year in 2012, which I fully expect to be the best year ever at Miles Franklin. Just be careful about your investments in the mining shares. I’m pretty much out, for now. There will be a time to jump back in, but not now.

Leverage (margin) in gold and silver is very low, currently sitting just off historically low levels and supportive for a lot of fresh funding to enter.

GOLD: there have been three instances since 1988 that leverage has been this low.

November 1999, gold increased 6% in 2 years.

December 2005, gold jumped 66% in two years and September 2008, gold jumped 85% in two years.

Furthermore we expect to see the collapse of the financial system and the gold/silver cartel.

[05:15 am] Something positive: David Morgan Forecasts $65–75/oz Silver Prices By The End Of 2012

New 2011 - 12 - 13:

[11:45 am] Do you already have enough Silver? "By the end of 2012 silver may triple"

“Gold & silver will be considerably higher at the end of 2012 then they are today. The acceleration in money printing going into next year will diminish the purchasing power of dollars, pounds, euros, and other currencies against gold. Looking at my models, gold should be priced around $3800 by the end of 2012, and silver’s got potentially a triple or more over the next year considering the shortages."

[11:45 am] Profit Times: Gold model forecasts $4380 gold price

[11:45 am] Perth Mint Bullion: Want to break through $50 an ounce in 2012?

Even if silver only continues to rise at its current rate of 22% a year, the price would be $203 an ounce by 2020. And that’s a very conservative forecast.

We'll break through $203 an ounce much earlier. Maybe already in the year 2013.

New 2011 - 12 - 12:

[09:45 am] Boom years: Gold producers rush to boost dividends

Gold miners are rushing to boost their dividends in the hope of wooing investors from gold-linked exchange-traded funds and other vehicles.

[09:45 am] If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update

There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market.

New 2011 - 12 - 11:

[07:15 am] When money is printed, gold rises: You Can’t Print More Gold

New 2011 - 12 - 10:

[12:15 pm] Before the rocket lifts off: Buy Silver…Now!

[12:15 pm] Gold is going to break out: Gold: The Ultimate Lie Detector

New 2011 - 12 - 09:

[09:30 am] We keep waiting until it finally happens: Embry - $2,500 to $3,000 Gold Could Send Silver to $250

[09:30 am] Also known as the gold-paper-traders: Gold Traders Most Bullish in a Month on European Debt Crisis: Commodities

It's gonna be interesting to see when their paper eventually blows up in their face.

New 2011 - 12 - 08:

[01:00 pm] But not today: Gold Tsunami: On the Cusp of $3,000+?

[01:00 pm] Nothing but the truth: An In-Depth Interview with Dr. Marc Faber

New 2011 - 12 - 07:

[04:30 pm] King World News: Special gold & silver technical update

New 2011 - 12 - 06:

[02:15 pm] GotGoldReport: Silver in giant flag or pennant formation

[02:15 pm] GoldSeek: Why gold stocks have underperformed and what lies ahead

[02:15 pm] Gold's lead over stocks in 2011 ranges from 26 to 49 percent: DEUS EX MACHINA

[02:15 pm] Are you ready? Stephen Leeb - Expect Gold Price to Double in Twelve Months

I can say this, right now is no time to back out of your gold position.  I mean gold going down is telling you why it’s such a good investment.  It’s is literally being used as liquidity because conditions are so dire.

Any way to correct these dire conditions is going involve massive amounts liquidity.  So buy gold on these dips and say, ‘This is a gift that will reward me in the next twelve months by at least a double or more.’  Let me put it this way, it’s a rubber band, the further gold goes down now, the more it’s going to bounce back.”

Got Gold?

New 2011 - 12 - 05:

[04:45 pm] MarketTrendForecast: Gold’s 4th wave consolidation nears completion and breakout

[04:45 pm] Silver is ready for take-off. The question is, ARE YOU? Silver Ready For Take-Off?

New 2011 - 12 - 03:

[03:00 pm] How do they know? HSBC: Silver to Average $34 in 2012

[12:30 pm] He says that gold needs to rise above the $1804 mark: Weldon - Here is the Key Level for a Massive Gold Breakout

[04:30 am] For nine years gold has yielded 8.5% annually after inflation: Old reliable stands tall in crisis atmosphere

New 2011 - 12 - 01:

[02:00 pm] KingWorldNews: Gerald Celente - Back Door Deals, Gold Zoom, Silver Bam!

Here’s the deal, Eric, they are suckering in the people to keep playing the market.  This solved nothing.  So when I see this, this is just a con game.  And anybody that sees the game, all they have to do is follow the money.  Where is the money going?  Look at what gold did, zoom it shot up!  Look what silver did, bam!  Everybody knows what’s going on, they are devaluing our currency.”

Got gold and silver?

[01:45 pm] Even MS is recommending precious metals: Morgan Stanley says prefers gold, silver in 2012

[01:00 pm] Peter Schiff Video: Global Central Banks Ring Gold Buyers' Bell

New 2011 - 11 - 30:

[02:45 pm] We hope so: Gold Producers Poised Like ‘Coiled Spring’ to Rally

[02:45 pm] It's only the beginning: Gold Extends Gains As Finance Ministers Gather In Brussels

New 2011 - 11 - 29:

[02:15 pm] KingWorldNews: Money Printing to Cause Significant Gold Move in 2012

[02:15 pm] Go for it: Should You Buy Silver Now? A Silver Bear (Since May) Believes So

[02:15 pm] 321gold: Gold Buyers Guide: How to Avoid Getting Ripped Off

New 2011 - 11 - 28:

[01:45 pm] Clive Maund: Sky's the limit for gold and silver with unlimited liquidity

[01:45 pm] Alf Field: Gold price going to $4,500: Here's why

New 2011 - 11 - 27:

[09:15 am] Audio: Interview - Jim Rogers: "In A Sudden Crises Gold & Silver May be All People Can Think of"

[09:15 am] Audio: Interview - Ronald-Peter Stoeferle: "$10,000oz. Gold Wouldn't Surprise Me, Mining Sector Dirt Cheap"

New 2011 - 11 - 25:

[09:30 am] We'll simply buy more if it does: Is the Gold Price Going to Fall to $1,500?

New 2011 - 11 - 24:

[01:30 pm] How the goldprice developed between the 1970s and the new millenium: Gold is Still Good

New 2011 - 11 - 23:

[01:00 pm] Eric Sprott’s PSLV filed a prospectus, as he is required to do, with the intent of purchasing $1,500,000,000 of physical silver for the PSLV: Sprott goes for the silver fences

---> Sprott Physical Silver Trust

[01:00 pm] Incredible powerful interview with Keith Neumeyer, Chief Executive Officer, President and Director of First Majestic Silver Corp: Keith Neumeyer: the silver market lacks integrity

HRN: What’s your long term price target for silver?

Keith Neumeyer: Silver will reach a value based on its natural ratio of 15:1 with gold. I expect to see at least $2,000 gold and most likely $3,000 in the next 3 to 5 years, so silver will be between $130 and $200. It’s a big number from where we are today but that’s where I think we’re headed. We’re dealing with a market that needs to be corrected.

Silver is still a "must buy".

HRN: Do you foresee a return to a free market in the future?

Keith Neumeyer: I’m an optimist. I believe one day that governments will rewrite the rules and force the regulators to protect investors. That’s where we were back in the ‘70s and that’s where I think we have to be again to correct the problems that have arisen over the past 40 years. Silver is being revalued. It’s going to affect a lot of people along the way and it will change the financial system. Ultimately, we’re going to have a new financial system and, hopefully, we’ll go back to natural markets, completely driven by supply and demand.  It may take another 20 years but I think it will happen.

[01:00 pm] Yes, it is: Is Gold Still The Answer For Investors?

[01:00 pm] Gold/Silver Ratio - Mike Maloney on Cycles and Indicators

Mike Maloney answers a question from the audience at the Casey Research Seminar about the Gold-silver Ratio, which is a leading indication of when to sell.

[01:00 pm] KIDO Radio: Jay Taylor on gold

New 2011 - 11 - 22:

[05:45 pm] Daily Gold: Major catalysts ahead to trigger next breakout in gold market

[05:45 pm] Casey Research: What's pushing the silver market?

 

New 2011 - 11 - 20:

[12:45 pm] Impossible is nothing: Will gold mining shares glitter more than bullion?

[12:45 pm] The big boys are loading up on gold: Big guns Paulson, Soros, Einhorn buying gold stocks

[12:45 pm] Propaganda against gold: Is Gold Still a Safe Haven?

"Gold’s Safe Haven Status in Question After 3.5% Sell-Off This Week"

These journalists have no idea what investing is about. At least this is the only logical explanation we have after reading stuff like this. Who cares about a 3.5% sell-off? Could someone please tell that dude how much we've already made over the past years with our precious metals investments?

New 2011 - 11 - 19:

[05:00 am] This should soon have an impact on the price of gold: Central banks to raise its purchases of gold to the highest level in 40 years

New 2011 - 11 - 18:

[04:45 am] KingWorldNews: Jim Rickards - Gold Pullback Meaningless, It’s Headed Higher

“Here’s the point, whether you end up with $5,000, $7,000, Paul is saying $10,000 and that’s a perfectly respectable estimate, I could (even) see it (gold) at higher levels, $15,000 or $20,000.  In other words, the price level that I have given, that is in chapter eleven of the book, is based on today’s data.
Now if you change the data, if you print even more money than we’ve printed so far, you’ll get even higher prices.  But the point is Paul’s estimate is right in the middle of the range that I’ve come up with, a perfectly good estimate.  We all like our investments to go up, but if you buy gold at $1,700 and it goes to $1,500, buy more because it’s on its way to $2,000, $3,000, $4,000 and higher.
The fundamental story (for gold) is completely intact, in fact it’s getting stronger....

Nothing to add.

New 2011 - 11 - 16:

[02:45 pm] They can print money to try and save the system they love, or let it implode: It's all about gold now

[02:45 pm] Jason Hommel: What Should the Gold Price Be?

[02:45 pm] Zerohedge: Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’

[02:45 pm] MarketWatch: Gold is the only winner from the euro crisis

New 2011 - 11 - 15:

[10:45 am] King World News: Gold upside takeoff only months away

[10:45 am] Are you already in love? You have to love gold here

With gold trading near $1,780 and silver around $34, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  When asked about the action in the metals, Leeb responded, “Gold has been very strong and now it’s consolidating.  I see absolutely no evidence whatsoever that it is going to reverse.  Can I say, definitely, it won’t go back to $1,600?  Of course not.  But is $5,000 more likely than $1,400?  Yes.  Is $5,000 extremely likely?  Yes.”

[10:45 am] Stöferle - Turk interview: The gold price correction, Stock to flow ratio is key to understanding gold

New 2011 - 11 - 14:

[04:30 pm] Video: Ellis Martin report with David Morgan

[04:30 pm] Bull & Bear: Gold Stock News

[04:30 pm] "God" is infallible: Goldman: "Stay Long Gold"

[04:30 pm] Nothing to add: This Will Be The Decade Of Silver - Interview With Eric Sprott

New 2011 - 11 - 12:

[04:30 pm] They have every reason to be: Gold Traders Most Bullish Since 2004 on Debt Crisis

New 2011 - 11 - 11:

[01:45 pm] What else? Silver outlook bullish for 2011 and into 2012-Thomson Reuters-GFMS

As soon as silver takes out the historic $50 dollar mark, we'll immediately see the $60, then $70 and so on. No one can say where the next short 'stopover' will be, before it's going to cross the sonic barrier of $100.

[01:30 pm] Let's go: Euro debt crisis could launch gold to record highs above $2,000/oz

[07:30 am] Safehaven: Gold Thoughts

[07:30 am] For Silver Bugs: David Morgan on the Fundamentals of the Silver Market

New 2011 - 11 - 10:

[05:00 pm] It's just a matter of time till we see the next heavy price increases: Three drivers, two months, one gold rally?

For gold investors, a low-to-negative interest rate has been associated with a powerful historical trend. Going back four decades, gold has experienced positive higher year-over-year returns whenever the real interest rate tipped below 2 percent.  And the lower the rates drop, the stronger gold tends to perform.

Negative interest rates are just one of the many strong forces that will lead to gold and silver price explosions over the next couple of years. However, it still makes us kind of sad to see that most people can't see this huge opportunity, rather do they still prefer to buy bonds of countries which are paying 1-2 % interest per year. They interpret low interest rates as a sign of safety. WTF??? How can low interest rates of US bonds be a sign of safety, in times when inflation almost hits the double digits and even more important, national debt rises exponentially! The risk/return ratio of the precious metals has never been more promising than it is today. We even dare to say that it's safer to buy precious metals today than it was back in - let's say 2006, when we bought for the first time.

Those who refuse to think about and understand these very easy and logical relationships between interest rates, inflation, debt, compound interest, counterparty risk etc., are simply too lazy, too stupid and too complacent, so they don't deserve any better than drowning with rest of the iphone&twoandahalfmen-impaired society.

New 2011 - 11 - 09:

[06:15 pm] GoldMoney: James Turk Interviews Eric Sprott

Eric Sprott, Chairman of Sprott Asset Management, and James Turk, Director of the GoldMoney Foundation, meet in Munich and talk about the Munich Precious metals conference (Edelmetallmesse). They comment on Eric Sprott’s speech at the conference and how increasing interventions by central banks, from zero interest rates to money printing and bond buying have completely distorted the financial markets.

[03:00 pm] John Embry: Expect $70 silver within months

I mean it’s hard to get silver and you have to pay premiums for it.  The real price of silver is in the physical market.  This paper market is a complete and utter sham and when the paper market it broken, and I think we’re close to that happening, silver will double overnight into the $60 to $70 area and that could happen within months.”  

New 2011 - 11 - 08:

[02:15 pm] We are waiting patiently to see this happen: Stephen Leeb - This Will Drive Silver to $100 Rapidly

New 2011 - 11 - 02:

[04:30 pm] If only the cartel didn't exist: Situation is Ultra-bullish for Gold & Silver Bullion and Stocks! What are You Waiting For?

The gold and silver cartel will soon collapse, right now it's already crumbling. The system can not be saved the same way as they managed to save it back in 2008. This time it's kiss kiss good bye forever. New system, no gold cartel. The precious metals prices will then be allowed to go where they belong...a lot higher.

New 2011 - 10 - 31:

[02:00 pm] They are more than ready: Gold and silver prices ready for new rally

New 2011 - 10 - 29:

[06:30 am] Jim Willie: Gold and Fraudulent Traps

New 2011 - 10 - 28:

[11:00 am] Greg Weldon: This is What Will Move Gold & Silver Higher

New 2011 - 10 - 27:

[11:00 am] So are we: Tocqueville's Hathaway bullish on gold and gold stocks

[11:00 am] Higher profit margins will soon send mining stock prices higher: High gold and metals prices mean record earnings for Goldcorp

[11:00 am] The condemned live longer: The resurrection of gold - to resume long upward march

New 2011 - 10 - 26:

[02:30 pm] Silver bugs are waiting too: Silver Waits to Begin Breakout?

[01:30 pm] Good idea, should already have happened some time ago: Occupy Gold

[01:30 pm] We're ready: Eric Sprott – Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

[01:30 pm] Ed Steer: Gold's True Value is Above $11,000 Per Ounce, Turk Tells King World News

New 2011 - 10 - 24:

[02:30 pm] GoldMoney: Silver price to regain bullish momentum

[02:30 pm] Zerohedge: Chart of the day: the slippery slope of silver

New 2011 - 10 - 22:

[04:15 am] KingWorldNews: London Trader - Sovereign Silver Buying, Middle-East Shortages

New 2011 - 10 - 21:

[06:00 pm] No, we're not worried about Silver: Worried About Silver? Listen to Eric Sprott’s Stump Speech

  • Ten times more silver than gold is produced each year, and the ratio in the earth’s crust is 15:1, so how can the price be 50:1? Expect a return to the historical norm of 15:1, which implies that silver will outperform gold.
  • The supply/demand picture has seen a 380 million ounce per year positive swing — in a 900 million ounce market. Where is the silver coming from?
  • The paper silver markets trade a billion ounces a day and the world only produces 900 million in a year. The amount available for settlement of these futures contracts is something like 1.5 million ounces, ludicrously little compared to the amount of paper.
[06:00 pm] For Gold bugs: James Turk : the outlook for gold remains very bullish

New 2011 - 10 - 20:

[05:00 am] Bullish outlook: Special GGR Excerpt – Silver COT Most Bullish in Eight Years

New 2011 - 10 - 19:

[06:00 pm] Audio: James Turk interview

[06:00 pm] Every Silver Pullback Is A Gift - Mike Maloney

New 2011 - 10 - 17:

[09:15 am] Silverseek: One last sell-off for silver before we head back to $50?

Where should silver prices be and how high will they go? Who knows, silver might be worth more than gold (click here) but prices will be very, very much higher. But taking a series of leveraged punts on silver is far more likely to leave you penniless than rich as your timing will be wrong more than it is right.

It will be not so important if you've bought your Silver @ $10, $25 or $35 per ounce...it will be much more important that you've become a Silver investor early enough.

[09:15 am] King World News: ECB forced to print, gold's lowest target $3,000

New 2011 - 10 - 12:

[10:45 am] Who offers more? Stephen Leeb - $15,000 Gold as Bull Market Pace Accelerates

[10:45 am] efinancialnews: Pension funds shun gold and hedge funds

It's understandable that they avoid hedge funds, but why do they avoid gold? Are the rates of return of the precious metals too high for them? We don't get it...

[10:15 am] Where gold and silver would trade if the real rates of inflation were applied: Gold is Not in a Bubble: It's On Its Way to $10,000 an Ounce

This is balm for the souls of the gold bugs, which were maltreated by the cartel.

New 2011 - 10 - 11:

[04:15 pm] This will eventually lead to an explosion in the silver price: Silver’s 2nd Most Oversold Reading in a Decade

New 2011 - 10 - 09:

[12:15 pm] This should lead to a price explosion unseen in human history, thus far: Global Demand for Gold & Silver at Unprecedented Levels

“As an example, with the recent plunge in the price of silver, we have noticed that the demand for physical silver has exploded.  Another complicating factor is the fact that there are virtually no sellers in the silver market.  

Got silver?

[12:15 pm] David Morgan Video: Greece Default Inevitable, Case for Gold & Silver Stronger Than Ever

New 2011 - 10 - 05:

[01:45 pm] For silver-bugs: John Embry - Silver is Completely Flushed out to the Downside

[12:30 pm] beforeitsnews.com: The Greatest Bubble In History Is At Our Doorstep

New 2011 - 10 - 04:

[01:30 pm] Development of the gold price since 01/01/2011: Race to Debase - 2011 Q3 - Fiat Currencies vs Gold & Silver

New 2011 - 10 - 03:

[06:00 am] Oversold = much too cheap: SGTreport EXCLUSIVE: “SILVER OVERSOLD, This is a Lisence to Steal” – David Schectman

[06:00 am] We are ready: Pierre Lassonde - Gold Correction Over, Expect $10,500 Gold

New 2011 - 10 - 01:

[04:30 pm] GotGoldReport: Second largest bull market correction for silver

[04:30 pm] Daily Bell: On the recent gold pullback

[04:30 pm] We're ready for the next upmove: Don't worry, gold's correction is 'about over'

[04:30 pm] Audio: John Hathaway interview

[04:30 pm] Audio: Pierre Lassonde interview

New 2011 - 09 - 29:

[06:15 am] GoldSilver.com: Gold and silver are officially on sale!

Especially Silver offers a great buying opportunity right now.

[06:15 am] King World News: Here is why gold & silver have bottomed

New 2011 - 09 - 27:

[01:30 pm] Trace Mayer: Massive Silver Correction Makes Silver Incredibly Cheap

[01:30 pm] Goldrunner: The Gold Tsunami Wave Cycle

[01:30 pm] Zerohedge: Silver Soars 26% In 26 Hours

[01:30 pm] Thanks for letting us know: Gold is back, metals bull market not over: Strategist

[10:15 am] Video: Agnico Eagle CEO - The Price of Gold is Bottoming Here

New 2011 - 09 - 26:

[10:45 am] YahooFinance: Gold pares some losses but hurt by dash for cash

New 2011 - 09 - 25:

[06:45 am] John Rubino: Precious Metals: Just a Squiggle

[06:45 am] The historic average is around 1:15, while the current ratio is around 1:55: Gold/Silver Ratio

A quadrupling in silver prices is possible, off the cuff.

New 2011 - 09 - 24:

[06:45 pm] Please have a look at the following chart which plots the weekly price of Gold right now compared to the gold Price in the late ’70s: 2008 or 1979 all over again?

[01:45 pm] About speculators and investors: Emotional Momentum Monkeys vs. Logical Stackers read!

Through out all of humanity 12 hours of hard human labor was worth 1/10th of an ounce of silver and that the majority that did earn that spent it by the end of the day as they met their daily needs. The ability for someone to get 1,000 ounces of silver for $30,000 is not out of the realm of possibility right now. It is historically significant, for an average man, to have what all of humanity throughout history has valued as 10,000 days of hard human labor stored up. Think about that. Go to any point in history, in any civilization, except for this nutty time, and have 1,000 ounces of silver. You would be thought of a King or a brilliant man. And yet in this ridiculous time we live in, I have to listen to people whine that silver is cheaper today than it was last week.

1000 ounces of silver = 10.000 days of hard human labor. That is the 'true' benchmark for the value of silver.

[01:45 pm] For "depressed" gold bugs: Nigel Farage: Financial "Cataclysm" To Come, Gold to Unimaginable Levels

[01:45 pm] Jim Puplava: Also “Why gold and silver will head higher after this correction is over, and when they do, gold stocks will be the place to be” and your Q-Calls

New 2011 - 09 - 22:

[07:30 am] Marc Faber: The Gold price is cheaper than in the 1980s when it was around 400 dollars an ounce

Precious metals are in a primary bull market, so simply buy the dips.

[07:30 am] Don't forget to buy Anti-Euros & co as well: Buy Anti-Dollars!

Fourth, the proportion of people who own gold and silver is small. (Particularly so in the United States, but that is not the point, here.) This is the greatest flaw of the “gold in a bubble” chorus. There has been no panic into gold, or, more likely for the Average Joe, into gold shares. At some point, the mere sight of Bernanke may be worth a quick $500-an-ounce trading profit. But that’s not happening yet.

New 2011 - 09 - 21:

[08:15 am] James West: Unrestrained bullishness for gold and silver

[08:15 am] King World News: Huge $17 gold and $2.48 silver premiums in China

[08:15 am] Casey Research: Getting rich from gold stocks: patience, please

Let’s just admit it: we’re invested in gold stocks not just to make money, but for the chance to change our lifestyles. And with their lackadaisical year-to-date performance, one may begin to wonder if they’re still going to bring the magic.

New 2011 - 09 - 20:

[01:45 pm] No doubt bout' that: Could Gold Rise by 220%?

[08:45 am] ... we anticipate a very strong move to the upside over the next few months: Gold is forming a bullish consolidation

[08:45 am] Casey Research: How far can gold and silver climb?

First, let’s measure what today’s inflation-adjusted price would be if each metal matched their respective 1980 highs, along with the return needed to reach those levels:

Returns Needed to Match Inflation-Adjusted Price
Metal Inflation-Adjusted
Price
Percent Climb to
Match 1980 High
Gold $2,330 30%
Silver $136 246%
As of 9-19-11

Why $100 per Ounce is our minimum goal.

Check out how high gold and silver would soar if they adjust to this level of inflation:


Returns Needed to Match ShadowStats Alternate CPI
Metal Price to Match
ShadowStats CPI
Percent Climb to
Match ShadowStats
Gold $15,234 755%
Silver $348 785%
As of 9-19-11

Let’s look at one more measure. I think another valid gauge would be to apply the same percentage gain that occurred in the 1970s. From their 1971 lows to January 1980 highs, gold rose 2,333%, while silver advanced an incredible 3,646%. The following table applies those gains to our 2001 lows and shows the prospective returns from current prices:


Returns Needed to Match 1970s Total Percent Gain
Metal Price to Match
1970s Total % Return
Percent Climb to
Match '70s Return
Gold $6,227 249%
Silver $160 307%
As of 9-19-11

Gold would fetch us two-and-a-half times our money, while silver would provide a quadruple return.

Consider whether you believe there is still some room for gold to grow in value, or if you believe that a gold bubble will burst. For us, the "gold bubble" gibberish is nothing more than funny.

New 2011 - 09 - 19:

[07:00 am] Eric Sprott & David Baker: Gold Stocks: Ready, Set,…

[07:00 am] Yes, it is: Fall 2011: gold breakout season?

GDX Breakout of the Decade Chart

Gold Senior & Intermediate Stocks Analysis

  • The greatest opportunity for Wall street and Main street investors at this very moment lies with what I call the gold “generals”. Generals lead the soldiers and that’s the action in this sector now; the seniors are leading.
  • First and foremost, in this sector one must understand the importance of phase two of the bullion bull, and what that means to gold stocks. Phase 2 in the gold bull involves the realization by a new class of investors, institutional investors, that gold is the answer and that gold stocks are also a necessary and undervalued asset.
  • This breakout chart is the most important chart for your money right now. The monster head and shoulders pattern is activating, giving a long term price target in the $95 area. I say long term, but the end target in most head and shoulders formation is often just the beginning of an extended move.
  • The icing on the technicians’ cake is the enormous volume that gives this move total legitimacy. The great thing here is the gift that this offers to those that have missed much of the gold bullion bull. The door of opportunity is open.
  • This chart is likely projecting enormous institutional liquidity flows. Estimates are that as little 1% or less of average portfolios are invested in precious metals. Money flows will begin more and more to move in this direction, pushing these stocks to the above stated inverse head and shoulders long term target, and beyond

New 2011 - 09 - 17:

[05:30 am] We would have no objection: Europe default may send Gold to $6000/oz

CNBC is now reporting that Gold may top $6000 an ounce along with silver at $600/oz in the near future caused by the banks failures and the default that are on the horizon in Europe , investment capital will continue to flock into safe heaven assets like gold and silver if these banks continue to default

Please note: the banking & euro crisis is not over.

New 2011 - 09 - 15:

[12:45 pm] Video: Gold Video of the Day: Gold to $10,000? – Nick Barisheff

New 2011 - 09 - 14:

[11:30 am] Why so conservative, we've almost been there not too long ago: TD Securities increases 2012 gold forecast to $1,975/oz.

[11:00 am] Yes, but it will be even better than 30 years ago: Gold 1980: "Deja Vu"?

However, the most interesting observation is that as gold peaked in 1980, the Mining Stocks first retreated along with Gold, but then doubled in the months that followed, while gold did not make a new high until 2008!

Even though our favorite gold company Harmony Gold has been performing relatively poor over the last months, we are still as bullish as before, exactely because of the reason named in the sentence up above: first it's the underlying (gold) that lifts of, then the stocks follow after a couple of months...so remain patient, we're gonna be rewarded enormously soon.

At the top of 1980, on January 21st, ONE ounce of Silver was 4.79% of the price of ONE ounce of Gold. Right now it is only 2.28% of the price of Gold. So if Gold is about to double from here, Silver should at least double as well, and if we would get back to the high of 1980 (Silver Price as a % of the Gold Price), Silver could potentially more than QUADRUPLE from here...

Got Silver?

New 2011 - 09 - 13:

[01:00 pm] Some good news: James Turk - Expect $2,000 Gold Within 45 Days

New 2011 - 09 - 12:

[12:30 pm] Chris Marchese and Jason Burack: Gold and silver stocks to outperform market in a major way

[12:30 pm] Without a doubt: Can Gold Continue To Rise?

[12:30 pm] It's already getting windy outside, do you feel it? Goldrunner: Predicting a gold and silver tsunami - Technical analysis

New 2011 - 09 - 10:

[05:15 am] For silver-bugs: Eric Sprott - From Here Silver is a 30 Bagger to $1,200

[05:15 am] Pay attention to the guru: Marc Faber: Gold is “Dirt Cheap”

New 2011 - 09 - 08:

[08:00 am] John Hathaway : Gold will now see massive mainstream fund flows

We have negative real interest rates, so people who save money are getting nothing for being in Treasuries.  People who bought Swiss francs have been hammered by the Swiss government’s desire to perk up their economy.  The European community has been unable to solve the sovereign debt issue and I don’t think they will be able to with the tactics they are using.  Consequently, maybe the euro is threatened as a currency.

The above are just a few things I could mention that will make people think about owning gold, owning more gold.  Gold is extremely under-owned, most people have missed the whole play, particularly conventional institutions that need to show performance for their clients....

New 2011 - 09 - 07:

[10:30 am] Silver-Info.com says thank you Swiss National Bank, too: Thank You Swiss National Bank For $2000+ Gold

[10:30 am] Gold mining stocks that glimmer with potential: Mining stocks – On the runway, ready for take-off

[10:30 am] We ain't seen a real parabolic move in Gold yet: Goldrunner: The “GOLDEN PARABOLA” & “SILVER ROCKET” Update

[10:30 am] King World News: Silver headed to $65 & gold to soar

New 2011 - 09 - 06:

[09:30 am] The extraordinarily bullish fundamentals of the silver market suggest, at current prices, that investing in silver could offer investors one of the single best long-term investments today: Why Silver May Currently Be One Of The Best Long-Term Investments

[05:30 am] Video: Peter Schiff on Goldseek Radio

New 2011 - 09 - 05:

[04:15 am] The price of gold has started September on a strong footing: September is the golden month

Gold money and a possible return to the gold standard is starting to become a major issue in US politics, prompting former presidential candidate and magazine editor Steve Forbes to forecast that the dollar will again be backed by gold in as little as 5 years. Considering that one contender in the ongoing Republican primaries is a major proponent of the gold standard and another of the frontrunners has spoken favourably of it, the issue will certainly be discussed in the 2012 elections.

[04:15 am] Money will flow into precious metals like we cannot imagine: HOW HIGH WILL GOLD GO?

New 2011 - 09 - 04:

[11:30 am] Gold bugs, be happy! Why This Gold Boom Will Be So Much Bigger Than The Last One

Have you stashed-away enough champagne?

New 2011 - 09 - 03:

[04:15 am] Goldprice versus Stocks: Peter Schiff : 11 years ago the DOW was worth 43 ounces of Gold now it is not even worth 7

New 2011 - 09 - 01:

[02:30 pm] Jeff Hirsch: Buy gold dips, short crude rips

[02:30 pm] August, the "gold-month": August Review: Gold Rises 12% As Equities Fall, Commodities Mixed And German And US Bonds Higher

[09:15 am] Mineweb: Gold to continue rising as the need for further liquidity measures grows

As soon as the price crosses the $1911 barrier, it's just a matter of hours - or a few days maxium - until we hit $2000. A price which seemed absolutely unreal and impossible to most people. The gold bugs knew that this would happen one day, just as much as they know that $3000, $4000 and $5000 are nothing but intermediate goals on gold's further way up.

The same applies to silver bugs, who have known since day 1 that one day a single ounce will be worth many hundred dollars, possibly even $1000. Good to know that we got lots of them.

[06:45 am] Are you ready, too? Silver Ready To Breakout - Technicals And Fundamentals Suggest $50/oz In Early Autumn

Silver, unlike gold, is an industrial metal and a very significant amount of all the silver that has even been mined has been consumed, like oil, since the dawn of the industrial revolution in the 19th century. Most analysts with a long term view believe that the ratio is likely to revert to the mean of 15 to 1 in the coming years.

The third metric is comparing silver’s current bull market to that of the 1970’s. Silver has risen by a factor of 10 in the last 9 years – from near $4 in 2001 to over $41 today. In its bull market from 1971 to 1980, silver rose by over 3,199% or by a factor of more than 32 in just 9 years culminating in the blow off top in 1979.

Today, the physical supply of silver bullion is much less than in the 1970’s. Also there is the ‘Asian factor’ and 3 billion people with growing incomes, many of whom see silver as a store of value against currency depreciation.

Demand for silver in Asia has been increasing and in China alone silver demand is increasing from a near zero base. The demand was not present in the 1970’s. Were silver to replicate the performance of the 1970’s it would have to rise 32 times or to $130/oz (32 X $4.05).

Interestingly, $130/oz is also silver’s real high from 1980.

$100 per Ounce is our minimum goal.

New 2011 - 08 - 31:

[04:00 pm] Safehaven: Galluping Gold!

[11:30 am] Video: Egon von Greyerz talks to James Turk

[07:45 am] Stephen Leeb: Gold skying becuase of Bernanke desperation

New 2011 - 08 - 30:

[03:15 pm] Go Gerald, go! Gerald Celente Disses Roubini After Moving 100% Into Gold

“What did Roubini say? Gold would be lucky to go to $1,100 an ounce. Where is it now? Flirting between the high $1,780s and $1,900s. There are a number of people like myself and others that believe it’s going much higher. You know I used to be in Swiss Francs (along with gold), I am not in Swiss Francs anymore. I got in (Swiss Francs) about a year and a half ago and did very well, but I’ve transferred everything I own into gold, I’m now totally invested in gold.”

Never trust the gold prognosis of 'economists'.

[11:15 am] GoldMoney: Richard Poulden talks with James Turk

[11:15 am] King World News: Incredible physical gold demand, premiums exploding

When asked about the shorts in gold Embry responded, “They shouldn’t have been short to begin with.  The physical demand for gold is accelerating.  People that were shorting into this precipitous drop were unaware of the condition of the physical market.  The premiums all over Asia have blown out to the upside and I think the Vietnamese premium was the largest I’ve ever seen.  Big premium in Shanghai, Indian premiums blew out to positive levels, that’s all indicative of physical buying.”

Gold will hit $2000 (the new millennium!) within the next few weeks.

New 2011 - 08 - 27:

[06:00 am] Debt Collapse - $20,000 Gold - Mike Maloney Must Watch!

Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next deacde...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.

It'll take you 1,5 hours to watch this video in full length, but hey, it's absolutely worth investing this time, you will learn a lot, since Mike is very good at explaining the most important fundamentals of the precious metals markets. Have a nice weekend guys, this is something to relax...at least if you are fully loaded with gold and silver:-)

New 2011 - 08 - 26:

[12:15 pm] We're ready for the next upmove: The Upside for Gold and Silver will Knock Your Socks Off - Embry

[05:45 am] Safehaven: Will Silver Benefit From Rising Gold Margin Requirements?

[05:45 am] Whose top prediction? Gold Has Met Its Top Prediction - Now What?

Certainly not ours.

[05:30 am] CNBC: Gold can still pass $2,000: Technical analyst

Price action makes market commentary.

[05:15 am] Today gold should be allowed to rise again, after yesterdays options expiry: Gold and Silver Options Expiry

New 2011 - 08 - 24:

[01:30 pm] The bears are back: Gold Loses Shine After Record Breaking Run

[05:00 am] But just slightly: Silver eases on profit-booking

New 2011 - 08 - 23:

[04:15 pm] Nothing but bubbles coming out of this ANALysts mouth: Size of Gold 'Bubble' Now an 'Absurdity'

With global gold reserves now worth over $9 trillion and the 30 stocks that make up the Dow Jones Industrial Index worth nearly a third of that level combined, Wadle believes gold is now a “bubble compared to US blue chip stocks”.

We'd rather say that the size of this dudes stupidity gets to absurd levels. We would really appreciate it if this smart ass recognized that the size of the bond bubble - with $$$ 95.000 Billion = $$$ 95 Trillion - is A LOT bigger than any other 'bubble' in the world. So before we start talking about gold bubbles, we should consider not to forget the bond bubble, which will definitely have to burst first;-) Take that sucker.

[09:15 am] Zerohedge: Gold Reaches $1,913.50 – Smart Money Moving Into Silver As UBS Says $50 Silver In 3 Months

The inflation adjusted high for silver is over $130/oz and those who understand the fundamentals of the silver market are positioning themselves for the possibility of a move to these levels in the coming months.

If you aren't invested in silver yet, get in NOW. It'll be the biggest and best party you have ever been to in your entire life.

New 2011 - 08 - 22:

[03:30 pm] Silver will follow: Gold off charts as prices heading ’parabolic’

[03:30 pm] The gold price still has to make up a lot of ground to reach the levels of 1980: Inflation adjusted Gold Price

[08:45 am] Zerohedge: Gold Nears $1,900 - Venezuela Formally Requests Gold Holdings Held By BOE Ship By Sea

The dumb money continues to warn that gold and silver are bubbles. Their simplistic bubble thesis is based almost exclusively on the nominal US dollar price and recent price movements and on the assumption that (to paraphrase) ‘gold has gone up in price a lot - therefore it is a bubble’.

Sheep will always remain sheep. Very sad.

[08:15 am] $1894: Gold advances to record as platinum climbs

The gold cartel is still active, but we'll probably see $1900 today.

New 2011 - 08 - 21:

[02:15 pm] 24hgold: Gold, Silver SOAR, Gold Cartel In Shambles / PM Shares On The Move … Finally

New 2011 - 08 - 20:

[04:45 am] For the silver bugs: John Embry - Silver About to Roar Through $50 All-Time High

New 2011 - 08 - 19:

[01:15 pm] Gold bugs have seen this coming already a long time ago: Gold set for longest weekly rally since April 2007

[01:15 pm] All the smart asses are now crawling out of their holes: Gold at record: 3 things to know before you buy

[10:45 am] Zerohedge: Perfect Storm Sees Gold & Silver Surge – Chavez Gold Action Leads To Backwardation, Short Squeeze And ‘Havoc’ Concerns

[05:30 am] Ready for take-off? The real gold season should be starting soon

[05:15 am] Cartoon: Gold vs. Stocks - which boat are you sitting in?

New 2011 - 08 - 18:

[11:15 am] $1826: Gold surges to record as stocks sell off

It's real hard to keep up with updating the gold price, since it makes new highs every few minutes.

[08:15 am] New Gold ATH: $1816

[08:15 am] Bloomberg Video: Mark O-Byrne on gold

[07:30 am] The front page of the Huffington Post

There are more and more articles on gold being published in the mass media, but it's still very moderate. People are slowly starting to wake up...very very slowly. And the term 'waking up' just means that they somehow get to start thinking about problems...however, they are still miles/years away from making their first real precious metals purchase.

[04:45 am] A gold-friendly report: A big bounce, ounce by ounce, as gold takes off Must Read!

Welcome to the new American gold rush. The price of gold is on a remarkable run, setting a record seemingly every other day.

This can not yet be called 'rush' at all, since 95% of the people are still sleeping.

Both Ciner and Grant caution, however, that when it comes to gold prices, no one really knows. That's because gold doesn't have intrinsic value. It doesn't offer an interest rate, like a bond, or represent a share of a company, like a stock. It is inherently speculative as an investment: You only make money if the price goes up.

Ah, there you have it again: these two dudes must have been paper tigers since day one. We doubt that this 'professor of finance'- Mr. Ciner - will still be working as a professor after the crash, since he does not seem to have any gold or silver. Field work is going to be tough for him.

Amy Robinette, who owns Gold Buying Girl, a network of 70 women in six states who throw parties for people to sell their gold jewelry, says her clients "don't realize how much their gold is worth." She gets a cut of the sales.

"Once they sell, it kind of creates a frenzy," says Robinette, who quit a career as a personnel recruiter to start the business two years ago. "They either want to find more or tell their friends and their friends start selling." Sharlett Wilkinson Buckner, of Humble, Texas, recently took an old bracelet, ring and necklace to her local jeweler and walked out with $1,070.

"I couldn't wait for my husband to come home," she said. "I fanned my money in front of him and said, `Look what I got for my gold.'" The next day, he sold an old gold necklace for $650.

This is so sad. The sheep give away their only treasures for a small bundle of colored paper with an old man on it. They just haven't understood anything. They'll be the ones to buy back the gold they just sold, for $10.000 or $20.000 per ounce.

"I saw a barber shop that had a sign, `We buy gold,'" he says. "A barber shop! Can you imagine?"

Watch out for the signs which say "We sell gold". That's when we get out.

[04:15 am] Seekingalpha: Gold Prices and U.S. Inflation

[04:15 am] Why so conservative David? David Morgan: $75 silver price looming

New 2011 - 08 - 17:

[12:30 pm] Hopefully soon: Bill Murphy : Silver is going to go berserk and there is not much time for investors left to get on board

[04:45 am] Not at all: Top in Gold?

[04:45 am] That's crystal clear: Sooner or Later, Gold Will Take Silver With It

[04:45 am] Up up up: When will two faced silver start to move again - and which way?

[04:45 am] For silver bugs: Silver prices likely to follow gold's lead - analysts

[04:00 am] Debt Collapse - The Case For $20,000 Gold - Mike Maloney (FULL PRESENTATION)

New 2011 - 08 - 16:

[04:45 pm] Another prognosis: The Case for $25,000 per Ounce Gold

[01:00 pm] For Silver Bugs: Silver Market Update

[01:00 pm] For gold bugs: Gold Market Update | The Big Gold Signal No One Talked About

[08:30 am] It's not too late yet: Egon von Greyerz: "Too Late To Jump On The Goldwagon? "

Gold has gone up for 12 straight years in a stealth market. In the last ten years gold has had a compound annual growth of 20.5%. This is an absolutely outstanding return but investors should not look at gold as an investment but as money. Gold reflects governments’ deceitful actions in totally destroying the value of paper money by printing unlimited amounts of it. With gold up 7 times since the bottom in 1999, is it too late to jump on the Goldwagon?

Gold is in the middle of a primary bull market. It's really hard to make mistakes if you get in early enough. Of course investors have already made profits, but the real big profits are still to come - when the majority of people starts investing in precious metals.

New 2011 - 08 - 15:

[02:15 pm] Now look at this, gold gets a quadruple-A: Bank Of America: Gold Upgraded To AAAA, 12 Month Price Target: $2,000

[08:15 am] That's what they always say: Gold may fall for third day as shares rally

These journalist sheep are indeed a very dumb breed of men. They always proclaim the end of the precious metals bull market when gold or silver don't reach new All Time Highs within 3 days. Price action (or no action at the moment) makes market commentary. These suckers won't start buying before gold hits $2000 and silver $100.

[07:45 am] The good news of the day: Richard Russell - $2,000 Gold Shortly, Then $2,500, $5,000 & $10,000

New 2011 - 08 - 14:

[07:00 pm] Read this to know when its time to get rid of your stuff: Gold Video of the Day: When to Sell Your Gold – Sprott

New 2011 - 08 - 10:

[08:00 pm] Video: James Turk interviews Eric Sprott at GATA's London conference

[01:00 pm] Time for the best champagne you can find: Gold Explodes, Futures Touch $1801

[01:00 pm] Ronald Stoeferle in the Wall Stree Journal: Gold, the Essence of a Bull Market

[01:00 pm] Video: GOLD READY FOR A REAL EXPLOSION, SILVER TO GO NUTS: Bill Murphy

[01:00 pm] Especially in the case of death of Bank of America: BofA Merrill: U.S. credit downgrade to fuel gold prices

New 2011 - 08 - 09:

[05:00 pm] Silver will outperform Gold: 10 Reasons Why Gold Is The Gut Reaction And Why Silver Is The Smart Decision

[05:00 pm] Is Gold as an investment slowly going mainstream? Cramer: Gold Can Go Higher

New 2011 - 08 - 08:

[08:45 pm] And it's only the beginning: Gold price tops $1,700 as investors seek refuge

[08:30 pm] The number One price suppressors: Shocker: JPM Sees Gold At $2,500 By Year End

[08:30 pm] Song of the day: Vince Gill : Pocket Full of Gold

New 2011 - 08 - 06:

[08:00 pm] For 100 ounces? Buy A House With Silver

[08:00 pm] Video: Silver Price Update From James Turk And Eric Sprott

New 2011 - 08 - 04:

[02:30 pm] $1680: Champagne for the gold bugs: Gold rises to record on haven demand

New 2011 - 08 - 03:

[04:00 am] Even Mr. Mad Money is now recommending gold: Cramer: When to Buy Gold

[04:00 am] Next stop: $1950: Spot Gold Passes $1640, The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher

Gold passed $1640 yesterday, but this already seems like it happened a long time ago, since it is already trading above $1670 this morning in Europe.

New 2011 - 08 - 01:

[10:00 am] Something for silver bugs: Silver – An Historical Comparison

[09:15 am] Haha: Gold declines as lawmakers reach debt deal

The current sell-off is indeed pretty strong: $1618

[07:00 am] Richard Russell: Gold is showing a price objective of $1,880

[07:00 am] Audio: Marc Faber Interview

New 2011 - 07 - 29:

[07:00 am] We'll see: Silver prices set to rise but may be held back on memory of May collapse

[06:45 am] Gold bugs have seen it coming a long time ago: Metals Rise as Faith in Washington Falls

[05:00 am] Get rich or die trying: Investing in Silver Equities--the Opportunity of a Decade

[05:00 am] We are patiently waiting: 3 Reasons Silver Should Head Higher Than $50 Now

[04:45 am] Overview of the Gold-ATHs in pounds, euros and dollars: Highest Ever Gold Price in Euros (EUR) €

New 2011 - 07 - 28:

[02:45 pm] Ted Butler, silver bug since Day One: A Nervous New World

"As more people are subjected to the daily reports of a financial world in distress and of political animosity, their thoughts will naturally gravitate to assets with no liability to that stress and animosity. As more people come to learn of the rarity and value of silver compared to gold, their choice will be to buy and hold silver. The trick, as always, is to beat the crowd."

Those who can call themselves silver bugs today, very likely bought their first ounces many many years ago, so they are the ones who can definitely say that they beat the crowd, which will start to pour into the silver market over the next 2 years.

But we do not think that the average person comes to the conclusion to buy precious metals because of the increasing number of reports in the media about the broken financial system. Most people are way too lazy when it comes to their finances, they are somehow allergic to making consequent financial decisions. That's why the majority will again buy at the very top of the bull market and lose a whole lotta money - as they always do.

[02:30 pm] Interview: Eric Sprott on the Silver Take-Down and Why Silver is Set to Explode

Eric Sprott:      Well, I would certainly make that investment in silver and I don’t mind making ten year investments. I mean I was in gold for ten years. I hope to be in silver for ten years. I just can’t imagine that we won’t look back ten years from now and see the silver price many, many, many, multiples higher than where it is today. So and it’s already been a wonderful investment as I use the term it’ll be the investment of this decade. It’s already up a hundred percent in this decade and I think it’s only the beginning of things. So that’s where I’d put my money; something to do with silver.

Got Silver?

New 2011 - 07 - 27:

[08:00 am] The turbo booster for the gold price: Embry - Massive Shortage of Available Physical Gold & Silver

Without question the gold market has moved to the next stage. I think there has been even more suppression to maintain some sort of order in the gold market, but that’s going to end fairly shortly and I would envision an upside explosion. But there is no question that we have moved into a different phase, that the currency rallies in the dollar do not have the impact that they used to have, which gave them the opportunity to just crush gold.”

When asked about the action in gold Embry replied, “I would have thought that they would have moved heaven and earth to try to have the gold price comfortably under $1,600 with a lot of open calls and what have you. The fact that they haven’t been able to do it attests to the inherent strength of the market.

So central banks which were supplying between 500 and 1,000 tons per year in a 4,000 ton market back at the height of the suppression, now central banks are net buyers of 400 or 500 tons per year. That to me is the huge swing factor and when people fully realize the significance of that the price is going to go nuts.”

The gold price going nuts - that's what we like and it will happen soon. At some point the gold cartel will suddenly fail and the price of gold blows through the roof. They aren't even capable anymore of keeping the price below $1600. The current gold price is very dangerous for the system.

[05:00 am] Zerohedge: Charting David Rosenberg's Thesis: "No Gold Bubble Until $3,000"

New 2011 - 07 - 26:

[09:30 am] Wait and see: When gold reaches $1764 it will go hyperbolic!

[09:30 am] Audio: James Turk Interview

New 2011 - 07 - 25:

[04:30 pm] Nobody cares, nobody needs them: Analysts raise their gold and silver price forecasts

This year’s average gold price forecast was raised to $1,510 per ounce. In contrast, the January survey showed that analysts expected the average gold price to only reach $1,453 per ounce. Analysts expect the average gold price to quote at $1,575 in 2012. Though more cautious with the silver price owing to its greater volatility, they have raised this year´s average price forecast for the white metal to $36.60 per ounce from their previous estimate of $30. The average silver price is expected to be at $36.25 per ounce in 2012, while the January forecast saw silver only trading around $28.

Yeah, we totally get it. These ANALysts get paid for nothing, their work is completely worthless, since they aren't doing anything but to produce thin air out of thin air, only building their 'analysis' upon the current behavior of the gold price. Price action makes market commentary. Analysts = future field workers.

[02:45 pm] All paper tigers were wrong with gold and silver: Guest Post: Gold And Silver: We Were Right – They Were Wrong

[07:15 am] This is just the beginning: Gold surges to record on U.S. debt impasse threat

If these guys already knew how many good years are still ahead for gold and silver bugs. They'd probably start investing in precious metals right away. If they only knew. Instead they have to stick with their journalist jobs in order to get their paycheck on a monthly basis. 'Journalist sheep' is what we call them.

[06:15 am] There we go: Fiat Currency Is The Bubble, Not Gold

[06:00 am] Even the New York Times took notice of $1600 gold: In a Gold Lovefest, Shades of 1980

Mr. Lehrman, once the president of the Rite Aid Corporation and now a philanthropist and historian, ran for governor of New York in 1982 but was defeated in the general election by Mario Cuomo. In a telephone interview last week, Mr. Lehrman said, “The debts in the American banking system that were amassed simply would not have been feasible if you had direct convertibility of currency into gold.”

He acknowledges that returning to a gold standard won’t happen overnight. But, he says, it will happen, “because the failure of all of the other approaches will become evident to the American people.”

True word spoken by Mr. Lehrman. But before the gold standard becomes reality, a real crash in all paper-backed assets is an absolute necessity. There is no other option.

[05:30 am] New Gold ATH during early european trading: $1620

That's what our week is pretty much going to be like. Champagne for the gold bugs today!

[05:30 am] Mineweb: What are record gold prices telling us now?

New 2011 - 07 - 23:

[02:00 pm] Even the big banks start to show some silver-optimism: Silver May Rebound to Test $100 Level, Citigroup Says: Technical Analysis

[02:00 pm] Perfect conditions for the price of gold: Sovereign Debt Crisis Is Now Global

[05:45 am] Gold bugs, make sure you got enough champagne ready for the next ATHs: Pierre Lassonde - Coming Mania in Gold Will Dwarf that of ‘70s

New 2011 - 07 - 22:

[08:00 am] From the Forbes boys: Gold Drops As Debt Ceiling ‘Breakthrough’ Reached

“I do believe that the gold price is being manipulated somehow,” says newsletter editor Matt Badiali in a recent interview with The Gold Report. “I went into this as a skeptic. I’m a geologist, a scientist. I looked at the gold price at Eric Sprott’s suggestion. He gave me an idea that I could test with data from Datastream. When we did the math, I was shocked.”

..many more will be shocked when gold hits levels they can't even imagine today. This 'scientiest' almost seems to have an orgasm after he came to the conclusion that gold is manipulated, after doing his mathematical research. Now do you see the difference between the scientist sheep and us, the silver bugs?

The difference is that the scientist is happy that he found out about the manipulation of the metals, but there is a high probability that he won't take action on this info. On the other hand there is the still very small community of precious metals investors, gold and silver bugs, who got active a very long time ago...and that is why we make all the money. And most of us didn't come to the conclusion that precious metals might be a good investment by doing any exact mathematical research, our common sense was sufficient.

[06:45 am] The Vice Chairman of Agnico Eagle: Sean Boyd - Expect $2,200 to $2,400 Gold & $60 to $75 Silver

[06:00 am] The Silver Investor: David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks

New 2011 - 07 - 21:

[12:30 pm] Good to know: Gold's not done yet: Fund manager

New 2011 - 07 - 20:

[05:00 pm] We're patiently waiting: Gold, Silver Surge After John Taylor Predicts Gold To Hit $1,900 By October

[09:15 am] Bears beware! An Extreme Buying Opportunity in Silver

[09:15 am] Peter Schiff: Silver Will Eventually Trade Over $200

When asked if summer strength in gold was a prelude to further gains for the rest of the year Schiff responded, “I think so, we held some key lows, especially in silver where silver held up and never got down to $30.  That used to be the resistance before it broke up and moved up to $50.  $50 is now the over head resistance and we will take that out before the end of the year.  Who knows how much higher gold is going to be by then.  I think eventually silver north of $200 with gold over $5,000 makes a lot of sense.

[09:15 am] King World News: Possible high triple digit silver before this is over

When asked about silver specifically Embry stated, “It’s very easy to foresee triple digit silver, I don’t consider that the least bit outrageous and it might be high triple digits before it’s over.”

New 2011 - 07 - 19:

[04:45 pm] Probably only a short correction: Gold to correct after front page Financial Times article

 

Previous Posts: Sep 11 until Dec 28 (2010)

Jan 03 until Jun 30 (2011)

 

 

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