Gary Savage : Gold & Silver entering choppy D Wave Decline

According to Gary Savage gold and silver will go down into a severe D-wave correction. (We still have one more parabolic leg up before this D-wave starts.)
Gold moves in an ABCD wave pattern, driven not only by the fundamentals of the gold market,…but also by the emotions of gold investors and the thin nature of the precious metals market

John Embry & James Turk - why you should own Gold and Silver in your portfolio

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ... The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in...

John Embry : why you should own physical Gold and Silver

John Embry Chief Investment Strategist at Sprott Asset Management  discusses the reasons why people should own Gold and Silver : ...I think that it is absolutely essential that gold and silver be in anybody's portfolio particularly anybody that has substantial wealth for the simple reason that paper assets are under attack because of the debasement of money and I mean if you want sort of historical example look at what happened in the 1970s if you had gold and silver in your portfolio I mean you offset the fact that inflationary environmental the real returns on paper assets bonds and stocks were negligeable if not considerably negative and if you had enough to have a lot but if you had a say a ten percent representation in your portfolio you skated through what positive returns with positive returns of overall portfolio but if you did not you have a negative return so the situation today is infinitely worse than it was then so I think it's essential that people have it and the interesting fact is that the vast majority of people don't have it which gives you sort of a leg up if you got it , right now basically if you don't have it you better be getting it soon ...you should diversify ...the safest way to own gold is in your position ...you should have ten to twenty percent portfolio in physical gold and silver ...the US Stocks today are grotesquely over priced , the US bond market dos not even deserve a comment ...the currency debasement is a worldwide phenomenon

Gold ETFs vs Silver ETFs

This blog encourages and promotes the physical holding , which means you better go and buy physical metal gold or silver and better yet hold it for the long ride that is ahead of us , gold and silver are real money they are not an investment but a wealth protection , and always remember that something written on a paper is practically worth the paper it is written on , governments can print as many papers as they want , , stocks and bonds can go to zero , but physical metal is always valuable , governments cannot create it out of thin air , and it will never go to value zero on the contrary ..."Investors have to be aware of what's backing the ETF. There are futures-based products out there and that does have an effect on investor returns," Martin Arnold, senior analyst, ETF Securities told CNBC.

Gold Silver and Oil Basing? 5/9/2011

Gold Silver and Oil Basing? Andy Busch, BMO Capital Markets and the Fast Money traders weigh in on which trades you should put down today.



stocks at the highs of the day as commodities lead the way. oil and silver rebounding. oil passing that $100 level in the middle of the day. pete, are you a buyer? i think we were all looking for some sort of a base after that huge dramatic pullback last week. we talked about that -- some of that double short in silver. when you look at some of these, you start to finally see some folks who said, enough is enough, maybe we've reached the lower ends and we're going to pause on the downside. the margins, liquidation, putting the pressure on the commodities. we have to see the rest of the week.

Silver a volatile Market

Russ Koesterich,of BlackRock iShares Group says : " silver, unlike gold, does have industrial demand. about 50% of demand for silver comes from industries. industries like photography. that saidance there's no evidence, a spike in demand or significant contraction and supply. most of the moves, particularly in the last few months, is mostly investment driven. " "going back 30 or 40 years there's been a stable relationship between silver and gold. silver historically is 1/55th the cost of gold. silver got to the to 1/30 the cost of gold. even today coming down 30%, it's trading about 1/40 of an ounce of gold. still very expensive by historical standards"

Central Banks prefer Gold to US Dollars

The gold returns to the vaults of central banks, who after two decades have returned to buy the precious metal with both hands, After all, gold has reached record highs this year, in response to the sharp depreciation of the dollar, which until now has been the preferred asset in central bank reserves, and the loss of attractiveness of Treasuries.

The latest figures from the IMF on the reserves of central banks confirm a change in the Central banks policies worldwide. At the forefront is the Mexican bank, which bought 93.3 tons of gold in March, followed by Russia and Thailand. These three countries carry a total of their reserves of gold in value to 6 billion dollars.

But the fate of the gold is not marked and if someone suggests a rise to the level of the precious record of two thousand dollars an ounce, the financial community remains deeply divided. And so it stands a wall between the bride and gold seekers and disenchanted. Among the first is the multi-millionaire John Paulson, hedge-fund manager of the same name, which does not hesitate to declare that gold will go up to $ 4000 an ounce !

On the other side of the wall there is George Soros, who gambled twice on the fall of the British pound , becoming a skilled businessman to the rank within the fold of the international financial community. Well, this time Soros has bet against gold, selling large quantities of the precious metal, because, he says, you see less risk in deflation. In fact, while the whole world bought gold to protect themselves from inflation, Soros Fund Management does it for the opposite risk, protected by a persistent decline in consumer prices.

Already in September Soros has been calling the gold the "last bubble" of speculation, but then he was building his wealth in the precious metals , but now he seems to have decided to follow an opposite strategy.

Who will win ? Some have argued that what appears to be a difference of views is just a different modus operandi, given the fact that the financial arm of Soros moves with greater speed and strength in the market, with the possibility of a quick turnaround. That the gold at this point is subject to correction is not in doubt, but what remains to be seen is for how long will it still shine ...

Jim Sinclair : Gold to hit $3,000-$5,000 by June 2011?

Jim Sinclair, "I will stand with what I have said for nearly 10 years. Gold will trade at $1650 on or before January 14th, 2011. That never made me want to buy expensive in time call options." The gold banks are throwing blocks to the price as we approach $1262. This is a major waste of time and money as gold is going to and through that price. The only argument is whether gold will hit $1650 in January 2011 or $3000-$5000 in June 2011.

Jim Sinclair, who called the top of gold in 1980, unwound the Hunt Brother's silver position, and says we are headed towards a world currency.

How to trade silver volatility

The volatility in silver market was created by the combination of the bubble forming and the CME decision to increase the margins ,we got a rush to the doors situation , Silver futures headed for the steepest weekly decline since at least 1975 as the CME increase in margin requirements and slump in commodities from copper to oil prompted investors to sell precious metals

Mexico confirms Gold record purchase of 100 tonnes paid 4.4 bln dollars

The Banco de Mexico, confirmed yesterday Gold record purchase of 100 tonnes paid 4.4 bln dollars said in a statement it had bought in recent months , This represents about 4% of the world gold reserves , it is stated in the note pointing out that the deal''is part of the institution in the usual political issue with respect to investments and the diversification of assets.''According to the IMF, Mexico has purchased the gold by spending at least $ 4.3 billion.

Silver at $36 , Gold below $1500 ,This is market manipulation

Silver margin requirements raised, causing paper silver to be sold but physical silver is being sold for higher prices, silver will hit a bottom and then skyrocket back up higher than ever in history


Bob Chapman : gold and silver looking for a bottom now ,this is a definate attempt to rig the market ... you will see silver run back up next Monday ,...we are living in a corporate fascist society run by a bunch of Nazis , our government and Wall street are full of Nazis says Bob Chapman of the international forecaster they want virtually untouched profits free gain with no regulations no anti trust laws they want to do anything they want to do and as a result of that they create monopolies

$80 Silver Forecast - we are having a Healthy correction 5/4/2011

The price of silver has seen a dazzling surge of nearly 77% in the past 13 weeks but its fortune seems to have revered over the past few days. Analysts believe It's the demand for silver coins and bars, exchange-traded funds as well as futures and options contracts that has fueled the metal's price rise. After 4 margin hikes in less than 2 weeks Silver hasn't lost its long term luster.
Keep stacking physical .I think the fundamentals are there but am unsure how low it will go before it goes back up........it's down to $35.91 now and falling very fast as I write this. It's a massive correction but whatever anyone thinks, the price of the metal is stil ridiculously low.Silver pullback is a buying opportunity

Warning The SLV ETF PONZI SCHEME - CNBC 5/4/2011

Noel Archard, iShares managing director on the SLV Silver ETF, explains whether investors should be worried on silver's selloff today.There will be 2 prices for silver.. The Physical price and the Paper price..choose wisely!

Dollar Falls to Three Year Low - buy the silver Dip NOW

The dollar is crashing but the silver and gold prices are slumping too , this is definitely a great opportunity to buy the dip in precious metals they are set to shoot up in the coming weeks ...

John Stephenson still Bullish on Silver

John Stephenson, First Asset Mgmt., says there could be more downside to go before the slide in silver ends but he is still bullish on silver matter of fact he sees Silver at $60 before the end of the year .Despite Silver sees its biggest drop in two years the fundamentals for an upside move on the long term are still there namely an excess of liquidity chasing the few commodities that are on the market

SILVER MANIA?

SILVER MANIA? The average person in America is still nowhere near the silver market so how could we speak of a bubble or a mania in silver ? This is a gigantic physical buying opportunity , main stream media is telling you that it is now the time to get out , be careful they want to dissuade new investors from entering the market and they want to separate old investors from their positions ...we are no where near a SILVER MANIA or a bubble in the silver market , the rally will just start after the $50 mark....

Gold and Silver Trade - silver was the most overextended of all the precious metals

Silver backing off a bit. is that going to keep going on? i suspect so. the silver i think was the most overextended of all the precious metals. we're likely to see it weaken relative to gold and i think that's what's important is the gold/silver ratio is likely to go back up again. everybody taking grandma's old tea set and selling it at the pawnshop. how long can that go on? that's a good point. what helped to kill the rally way back in '79 and '80 was an enormous amount of scrap coming into the market. we haven't detected anything like those levels back then. i do think you're going to see a change in the attitude of industry and consumers about handing in old silver items with the prices almost getting to $50 at one point



Jim Steel, chief commodities analyst, HSBC; Peter Beutel, president and author, Cameron Hanover; and Michael Woolfolk, BNY Mellon offer a roundup of commodities and what's likely to happen over the next few months.

Gold price down, 3%

Gold down, 3% - the gold loses appeal in Asian markets, due to the recovery of the US dollar. The yellow metal for immediate delivery slips in Singapore, by 1, 3% to $ 1,525.45 an ounce.

Silver a Great buying Opportunity

Silver Prices Tumble 12% After CME Hikes Margin , CME Group Inc.’s Comex unit raised margin requirements on silver trading for the second time in less than a week. after a 170 per cent rally over the last 12 months to a record high last week ,Silver bounced off early lows after falling as much as 12 per cent on the Asian markets, as speculators scaled back their bullish bets on increased futures margins and a technical overhang.The sharpest slide occurred several hours before the U.S. announced the killing of Osama Bin Laden,but according to insiders this is a healthy pull-back the fundamentals both for silver and Gold are still solid and we have to expect new surges in the coming days weeks and months for the silver and gold prices , both will break their all time high records , so this is a golden opportunity for investors who believe in the physical metal to buy more physical silver and gold

Eric Sprott sold his Silver Trust units

As reported by the Canadian news paper the Globe and Mail this morning of May 2, 2011 Eric Sprott sold his Silver Trust units : Eric Sprott and Sprott hedge funds have sold trust units in Sprott's Physical Silver Trust. The trades were made in the last two weeks of April when the price of silver peaked. read article >>>>

James Turk - no resistance as Silver nears uncharted territory

James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...

Silver climbing over 30% and will continue

Gold and Silver Will Stay Positive the fundamentals are good we will see new all time highs in both gold and silver says Analyst Torsten Dennin whether the FED decides to raise interest rates or not ..."We are still positive, looking at year-to-date performance on the precious metals side," Torsten Dennin, commodity fund manager at Altira Group He added that the outlook for precious metals will stay positive even if Bernanke decids to raise interest rates .

Gold : ninth record high in nine sessions

A record high for gold and the decline of the dollar : Gold prices increased 2.4% in first quarter : The sharp decline of the dollar boosted gold's gains

Gold prices continued to break record highs on Thursday, benefiting from the steady decline of the U.S. dollar at its lowest level since July / July 2008, after it became clear that the United States will keep its monetary policy as is.

Gold in the spot market Has reached the highest level ever at U.S. $ 1532.91 per ounce (ounce equals 28.25 grams), which is a ninth record high in nine sessions, before easing slightly to the price of $ 1530.80 an ounce.

These developments have prompted many central banks in Asia to stop buying the U.S. currency down to adjust the rise in the value of domestic currencies, the euro has reached its highest against the dollar since recorded 16 months to up to $ 1.48.

An increased investor confidence in the precious metal in the light of the continued political unrest in the Middle East and North Africa, and rising global inflation due to the increase in the prices of food and fuel, two factors prompted investors to employ their money more and more in gold . The price of gold increased by 360% in the last ten years

Gold: new record at $ 1,522.80

Gold : new record at $ 1,522.80 on this 27th of April - Gold sets a new record at $ 1,522.80 an ounce on the New York market, where prices have marked a rise of 1, 3%. the gold price surge come after the FED's chairman Ben Bernanke press conference

Peter Schiff Silver is Unstoppable

Is there anything that can stop silver's ballistic rise? The precious metal flirted near the $50 mark yesterday. Peter Schiff, of Euro Pacific Capital gives his insight .




Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....

Gold and Silver from one record high to the next

Gold price surges to a yet another all time record high today well over $1500 an ounce this is a fresh new high for the gold at around $1518 an ounce, while silver continues to be the stoner surging more than 5 per cent to within a whisker of its all-time peak of 50 dollars an ounce ,Silver hits 49.82 oz only 50 cents from the all time record of 50.35 dollars an ounce marked January 18, 1980. At the New York market and the futures contract jumped to $ 49.82, just 50 cents from record high. Since the beginning of this year the Silver sees an increase of 60%. as the dollar continued its free fall and inflation continues to worry , experts say it is going to continue to be a bullish scenario for the precious metals as long as we continue to see this kind of fiscal policy in the United States low interest rates high debt and the FED flooding the markets with newly printed US dollars...the markets are Still very very Bullish for Precious Metals , trade your paper money for hard assets while you still can....

UTAH Returns to the Gold Standard ?

This system is taking us to national bankruptcy with the FED printing paper money backed by nothing as if there is no tomorrow , some states like UTAH have decided to go back to the constitutional money which is Gold and Silver backed currency also known as The Gold Standard

billionaire investor Jim Rogers says hold your gold but buy silver now

billionaire investor Jim Rogers says hold your gold but buy silver now



gold will be a bubble someday, but you are way off saying if you didnt buy 5 years ago you are done. speculative money hasnt even begun to enter the gold market and the statistics prove that. gold still has a way to go, not to mention if the government keeps debasing our currency.Commodities guru Jim Rogers explains why a triple digit silver price this year worries him and why Gold and Silver will end up in a bubble sometime in 2017 ,or some years ahead : ....No, not yet. But I’m worried about silver. If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we’ll have to worry. It’s not parabolic yet. I hope something stops it going up in the foreseeable future and we have a correction. There’s never one in history that hasn’t popped. Now, maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing. But if silver goes up the way you’re talking about without currency collapse, I would be very worried."

" That’s certainly part of it, yes. And you have to watch the price action. I remember when gold went parabolic in 1980. I shorted gold when it went parabolic in 1980, and it went higher for another two weeks after I shorted it. But it eventually collapsed. Silver eventually collapsed. All parabolic moves throughout history, there’s never been a parabolic move which hasn’t collapsed in any asset.
Silver and gold, yes, will be a bubble someday, Jay. There’s no question in my mind that all commodities will be a huge bubble someday. But I don’t think that bubble is going to happen in 2011. I think it’s going to be more likely 2017, or 2018…you know, a few years from now. I’m not picking a year, just saying it’s a few years away. It could happen sooner, but I hope not."

Bob Chapman on Why Gold and Silver prices will continue to rise

Bob Chapman on Why Gold and Silver prices will continue to rise


Bob Chapman there are two reasons why gold and silver go up , one of them is that gold and silver for 6000 years have been the only permanent methods of having a currency , it always has been and always will be , the banks are trying to go around it they are unsuccessful that's why we have panics and so on and so forth

David Morgan interview 21 Apr 2011

Silver guru David Morgan gives his intake about the recent surge in Silver and Gold prices and his outlook for the upcoming months regarding gold and silver markets ...he reminds us that Silver is the only precious metal that has not made a nominal new high Yet , which means that there is a lot of room for the silver to shoot up higher and higher...silver is just catching up the other precious metals David Morgan says

Bob Chapman get ready for Gold at $2000

Bob Chapman get ready for Gold at $2000



Bob Chapman the international forecaster talking with Discount Gold and Silver trading radio yesterday says : I do not see gold stopping until we get to $1650 , $1600 and get ready for $2000 , and silver they can't cover and it's going to go up like this everyday until HSBC and JPM decide that they gonna do something and I can tell you something and that is that the federal reserve and the treasury and JPM and HSBC have sat down to figure out what the heck they are gonna do , is it partial default is it full default or is the federal reserve gonna come in and buy out the positions and nobody is going to get any silver you know they will be lucky if they get cash ...and it is not going to be $100 an ounce and this not taking into the account that silver is in short supply versus usage as a commercial metal and so this problem is not going to go away , if they set on the shorts like now they will take silver to $80 dollars easy ...cause nobody is going to give them silver everybody knows the spot they're in and they can't get out , right now we got $46/oz , they are 90 billion offsite at $60/oz it's 150 billion it's gonna be 300 billion at $100/ox so they have to step in somewhere , they got to do something and it's going to ruin the futures options and the derivatives and of course the ETF SLV and GLD , there gonna be thunder lightening going on and they know that they know the ramifications , you know the ETFs are government operations it's to siphon off interest in taking delivery of physical or buying shares a market that they control by lying about what the physical position of gold and silver are in SLV and GLD again you're dealing with criminals they might have $6000 suits on but they are criminals

Max Keiser Gold is a currency that the Central Banks cannot print

Max Keiser gold and silver are a currency they are no a commodity and it is restoring itself as a store of value which it has been for the past 5000 years , since the paper money experimentation in the last 40 years is over (since 1971) ,the US dollar is going to be waked driving gold and silver prices to the moon



With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.JFK ordered the Treasury to print US currency instead of the Rothschild Federal Reserve Notes supported by the Rothschild illegal income tax. The US bonds, held by the Fed for our Fed currency, pay many billions in interest annually to the Bankers. With a "stroke of the pen" JFK would cost them trillions as well as their domination of global money and finances through debt and speculation.

Gold hits New record high near $1,500/oz

Gold hits New record high near $1,500/oz



Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9
At the New York market.While In London, prices are stable at $1493.9 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.

Gold and silver prices react to Bernanke liquidity Bubble

Gold and Silver. once again the hottest investment picks today and for the week, the Gold surging toward $1,500 an ounce. the new nominal record high, silver hit a 30-year high, just over $43 an ounce. did someone say Bernanke liquidity bubble? well, i just did once again says Larry Kudlow. and as for stocks, the Dow gained 57 points today on positive consumer sentiment, strong industrial production, and a good new york fed manufacturing index. but consumer prices jumped again and they are now rising 6% at an annual rate over just the past three months. stocks did fall for the week, however, lingering earnings disappointments in the light that alcoa, google, and bank of America. so let's talk about this fed liquidity bubble and the outlook for earnings next week so you investors can figure out how to make an inflation proof buck or two.

$500 Silver, Max Keiser

It's important to remember that gold & silver do not increase in value, they are real money. When the price goes up it only reflects the paper becoming less valuable. Every nation is printing like mad to pay their debts down. We're the king debtor of the globe with over 200 trillion in obligations over the next 5 years. That many paper dollars don't even EXIST yet the world is lead to believe we can pay it back. Buy metals while our green paper still can! $43 silver is still cheap. GATA's Adrian Douglas makes the case for bullion bank metals price supression, and for the TRUE value of one ounce of gold.Get in position now and realize the coming upswing in the price of silver ! Mike Maloney said that in past history an average house would cost 1K oz of Silver to buy. But during the currency panic the house could probably be bought for 500oz of Silver. For 1K oz you can get you McMansion or large Farm. ;-)


Max Keiser is a film-maker, broadcaster and former broker and options trader. Keiser is the host of On the Edge, a program of news and analysis hosted by Iran's Press TV. He also hosts Keiser Report, a financial tabloid, that broadcasts on RT (formerly Russia Today). Keiser hosted the New Year's Eve special, The Keiser's Business Guide to 2010 for BBC Radio 5 Live.

Buy Gold and Silver and manage your own Money

Do not give your money to brokers financial expert money managers and those kind of charlatans who will use your money to gamble and they will still charge you fees whether you make money or you lose money .80% of money managers are charlatans and have no idea of what they are doing when they are investing other people's money and why would they they are guaranteed to be paid whether you make money or you lose money , there is no incentive for them to protect your asset from losing ...why not manage your money yourself by buying real hard assets like Gold and Silver : Silver in backwardation just broke the $43/oz barrier last Friday and expert expect silver to reach $50 by next month , Gold is slowly but certainly rising to $1,500/oz . U.S. dollar is doomed and going down the sewage ...so Jump on the Gold and Silver bandwagon before it is late .