| By
bluejay |
10/13/2009 11:58PM |
Last on gold is $1068.10.
Professor Antal Fekete has presented on September 30, 2009 an excellent article depicting the failure of the IMF relating to its stewardship of its member's gold entitled, The Supply Of Oxen At The IMF.
The story is available from the following website: http://www.professorfekete.com/articles.asp |
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| By
bluejay |
10/13/2009 10:42PM |
Last on gold is $1068.90.
Silver's last price is $17.96.
Events continue to unfold supporting a much higher gold price on this current surge. The last on the US dollar is 75.60 off 0.21 as it continues lower past short term support in the 76.00 area. The dollar is poised to test long term support at 72.00 in the coming weeks which will support higher metal prices.
Dan Norcini of http://www.jsmineset.com said tonight, "it is looking more and more like the current administration has set on a course of destruction of the US dollar." |
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| By
bluejay |
10/12/2009 9:08PM |
Last on gold is $1054.80.
The following article pasted to agoracom.com tells why the gold shorts have REAL trouble.
http://agoracom.com/ir/ECU/forums/discussion/topics/371066-you-can-smell-it-in-the-air/messages/1237472#message |
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| By
bluejay |
10/12/2009 8:27PM |
Last on gold is $1054.50.
Here comes another public service negative article on gold, this time from Reuters.
Looks like there is brewing a another concerted effort to attack gold prices. Good, I'm looking to buy some Franklin circulated halfs for future monetary chaos which might come lower as silver may also be talked down for some hours or days.
http://blogs.reuters.com/columns/2009/10/13/china-retail-speculation-adds-risks-to-gold-price-2/ |
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| By
bluejay |
10/12/2009 7:51PM |
Last on gold is $1053.00.
To a great extent the media is anti-gold. The brief missive below surely smells of sweating shorts and desperation. The worst indirect advice was given by the Boston Globe to basically prepare for a shakeout of buyers in so many words some years back following the $250 low while gold was reacting from a previous advance to about the $400 area. Directly after the Globe's comments, an order of mine was placed for another roll of gold coins.
Although the media's jabber concerning gold is like a stopped clock in that they're right once in awhile, the great majority of time they are "dead wrong."
What they hope gold oriented investors will do is second guess themselves on the daily down ripples in price and sell, sell, sell. It's an old continuing story that just keeps repeating itself as the metal remains completely intact within a very strong bull market.
Don't sell your gold.
You don't sell advances, you buy declines.
High speculative positions in gold raise sell-off (potential)
MarketWatch 10-12-09
NEW YORK (MarketWatch) -- Gold futures held by speculators reached a record high in the most recent week as prices climbed above $1,060 an ounce, raising worries that a possible switch in positions could lead to a slump in gold prices. |
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| By
bluejay |
10/12/2009 8:36AM |
Last on gold is $1054.70.
In The News Today
Posted: Oct 11 2009 By: Jim Sinclair Post Edited: October 11, 2009 at 9:28 pm
Dear CIGAs,
There is nothing and no one to be fought. The end was in the beginning, and there is no force on the planet that can stop the price of gold now.
"The supreme excellence is to subdue the armies of your enemies without even having to fight them."
–Sun Tzu |
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| By
bluejay |
10/12/2009 7:42AM |
Last on gold is $1056.50.
Chinese commercial banker in September 23, 2009 remarks dampen China's reported interest to exchange Dollars for international gold bullion, basically says buying domestic gold from local miners good enough for increasing country's gold reserves. Also, predicts the price of the metal to hit $1200 by year's end.
http://www.chinamining.org/News/2009-09-23/1253670527d29013.html |
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| By
bluejay |
10/11/2009 5:45PM |
Last on gold is $1050.50
Linked below is an article by Adrian Douglas entitled, "The Explosive Dynamics Of The Gold And Silver Markets." The story is copied from the agoracom.com websiste.
http://agoracom.com/ir/ECU/forums/discussion/topics/370878-gold-silver-explosivity/messages/1236812#message |
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| By
martin newkom |
10/10/2009 9:14AM |
At prevailing spot (1040+) I hope
there is enough revenue to meet
the existing payroll, expense, etc |
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| By
bluejay |
10/10/2009 8:00AM |
Gold closed out the week at $1048.90.
The reputable John Williams of Shadow Government Statistics gives a short interview concerning gold and silver at http://www.kitco.com. For an audio go to Contributed Commentaries and listen to John's reflections, they might surprise you. |
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| By
bluejay |
10/09/2009 9:46AM |
Last on gold is $1047.50.
Japan joins China in investing in precious metal resources and out of currency reserves.
Japan to obtain rights to platinum in Africa
TOKYO (AFP) – Resource-poor Japan has obtained rights to develop platinum mines in South Africa and Botswana in a bid to ensure a stable supply of the metal, officials said on Friday.
The government-backed Japan Oil, Gas and Metals National Corp. (JOGMEC) has signed a contract with Discovery Metals in Australia to jointly develop nickel and platinum mines in northeast Botswana, it said in a statement.
It has inked another deal with Canadian firm Platinum Group Metals to explore for platinum in South Africa.
It will pay three million Australian dollars (2.7 million US dollars) to Discovery Metals over three years for exploration costs, in return for 60 percent of the rights to the metals.
JOGMEC will pay 3.2 million US dollars to Platinum Group Metals over four years for a 37 percent share, it said in a statement.
Japan has in recent years worked to strengthen ties with African countries to ensure supplies of resources including precious metals. |
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| By
bluejay |
10/08/2009 9:11AM |
Last on gold is $1056.20.
A few words from a conservative Jim Rogers:
Jim Rogers, the Singapore-based investor who has been one of the biggest bulls during this decade’s commodities rally, said that he would refrain from buying gold at a record high, but added that he was not betting against a drop in prices.
He told Reuters: “I cannot say what will happen to gold tomorrow. But if you ask me whether gold will go up in the long term... would say yes.” |
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| By
bluejay |
10/07/2009 9:20PM |
Last on gold is $1050.00.
The following is a copy of an e-mail that came into GATA last night for Bill Murphy.
From Midas
posted on Oct 06, 09 11:35PM
Bill;
I’ve been told by someone who "knows" that major players demanded a lot of physical gold on Sept. 30 and "clowns" tried every trick to keep them in paper and even offered premium in cash over the Sept.30.Spot price.
Allegedly, the BOYZ were told that they have 5 days of grace to come up with the real goods.
The results are obvious.
There is less then 600 metric tons of Au available [globally] at this point in time [for possible sale] and 1/2 is locked / frozen and cannot be moved.
The delivery commitments are a multiple of this.
The battle is on and the first guys are being taken out of the room with bullet holes in their forehead.
There might be one last great concerted effort by the BOYS to knock back the price. But even they know by now that they have lost control and that their construct of lies, fraud and deceit is coming down.
It will get - no, it is - very, very, very ugly.
On top of it we shall see the collapse of some Gulf states, as well as some major US and European banks hitting the skids.
Rob...
It would seem – if my sources are correct – that we have finally reached "the point" that Frank Veneroso speculated about so many years ago – when price managers would "RUN OUT" of physical gold to continue their paper games. My ‘bird on a wire’ source continues;
The jerks are being hung by their thumbs and there is nothing they can do.
The very little Au that is available globally and it has been blocked from being sold to the BOYZ.
JPM/Chase is scrambling at every refinery to get their hands onto product. They even go to mines, no, - as we call it 'going to the pit to get it to the cage', but they don't have the required access and are being strung out big time.
They did not see this coming.
They will fight but they are being pushed onto their own swords. Arrogance comes before the fall.
I say, couldn’t happen to a nicer group of criminal thugs.
Best,
Rob Kirby" |
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| By
bluejay |
10/07/2009 6:29PM |
| Last on gold is $1049.90. It crossed $1050 just minutes ago. |
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| By
bluejay |
10/05/2009 10:04PM |
Sorry, forgot to include the link to the article. Here it is:
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html |
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| By
bluejay |
10/05/2009 10:02PM |
Last on Gold is $1019.30.
The following linked story entitled The Demise of The Dollar is breaking news.
In another positive developement for gold today Hong Kong ordered its gold shipped home from abroad.
Things are just not looking good for the dollar. Did you get your gold yet? |
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| By
bluejay |
10/05/2009 11:30AM |
Last of gold is $1015.40 as the metal works on establishing itself above $1000.
Dan Norcini submitted a Dow Jones/Gold Ratio chart to the http://www.jsmineset.com website earlier today.
The Ratio is arrived at by dividing gold's price into the last sale of the DOW.
You can think in fiat money terms concerning your wealth or you can see what wealth is in gold related terms. It is just a matter of time before another currency's "thought of worth" gets vaporized leaving gold as the only consistent historical standard of true value remaining.
As gold remains intact in its current bull market you can be sure of one thing, your assets in fiat terms, outside of precious metals, will be worth less and less in terms of the metal as time slowly advances.
Some analysts have predicted that one day the price of gold and the Dow Jones Industrial Averages will be at the same price. To profit if these predictions are correct you would either sell the DOW and buy gold or sell short the DOW and, again, buy gold.
It is possible to watch the DOW go higher and still profit as gold is expected to greatly outperform any DOW strength. |
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| By
bluejay |
10/04/2009 10:50PM |
Last on gold is $1003.60.
The below linked article clearly makes the case for physical gold and silver ownership as opposed to all the "bucket shop" type paper trading instruments that have little or no physical behind them.
http://agoracom.com/ir/ECU/forums/discussion/topics/368332-the-game-has-changed-the-achilles-heel-exposed-get-physical/messages/1229259#message |
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| By
bluejay |
10/03/2009 10:12PM |
Rick
Go to http://www.golddealer.com and research specials on $10 gold coins.
The following link is to Martin Armstrong's most recent comments concerning your future with an abundance of historical references:
http://www.scribd.com/doc/20441186/The-Public-v-Private-Wavesand-Switzerlands-Fate-Along-With-the-Rest-of-Us-92409 |
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| By
Rick |
10/03/2009 5:36PM |
| Bluejay, the link didn't work since I don't Yahoo... |
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