Jim Rogers: I own gold and I own silver I'm not selling, by any stretch But I'm not buying now

Jim Rogers: I own gold and I own silver. I own all the precious metals, especially gold and silver. I'm not sure I would buy right now. Gold has gone up 12 years in a row, which is extremely unusual for any asset, at least in my experience. I don't know any asset that's gone up 12 years without a down year except gold. Gold has had only one decline over 30 percent in those 12 years. That, too, is extremely unusual.
Plus, if you look at the open interest from the CFTC, the speculators have been piling into gold. The number of call options is more than twice the put options. All the signs are that there's too much speculation in gold right now.
I'm not selling, by any stretch. I own it. If it goes down, I'll buy more. If America bombs Iran, I'll probably buy more going up. But I own it and, over the longer term, gold is going to go much higher because the world is doing nothing but printing money. And when the world economies get bad again, they're going to print even more money. But I'm not buying now.

Marc Faber : I am buying Gold and holding it. I don't speculate in gold

Marc Faber : This year the gold price may not exceed the $1,922/oz high that we reached on Sept. 6. Maybe it will. I'm not a prophet. I'm just telling people that I'm buying gold and holding it. I don't speculate in gold. If you buy gold, you better understand that the price could always move to the downside. If you don't understand that, don't invest in gold—or in anything. - theaureport

Gold will probably peak next year because of improving U.S. growth

....Gold will probably peak next year because of improving U.S. growth, even as the Fed expands stimulus, Goldman Sachs Group Inc. said in a Dec. 5 report. It still expects an average of $1,750 in 2014. The drop of as much as 8.9 percent since Oct. 5 pushed gold below its 200-day moving average last week for the first time since August. Prices slid almost 10 percent in seven weeks after falling below the measure in March. The 14-day relative-strength index (MXWD) was at 31.8 yesterday, near the level of 30 that indicates to some analysts who study such charts that a gain in prices may be imminent.- via Bloomberg

Jim Rogers: On a historic basis, silver is cheaper than gold

Jim Rogers: On a historic basis, silver is cheaper than gold. Gold is down 10 or 15 percent from its all-time high. Silver is down 30 or 40 percent. So I guess I'd rather buy silver than gold. I'm buying neither at the moment. But if I had to, I'd probably buy silver today rather than gold. But again, I'm not buying or selling either.

Jim Rogers: On a historic basis, Silver is cheaper than Gold

Jim Rogers: On a historic basis, silver is cheaper than gold. Gold is down 10 or 15 percent from its all-time high. Silver is down 30 or 40 percent. So I guess I’d rather buy silver than gold. I’m buying neither at the moment. But if I had to, I’d probably buy silver today rather than gold. But again, I’m not buying or selling either.

Ned Schmidt: Gold will benefit from the growing wealth of China

Ned Schmidt: All markets are connected in some way. Money flowing into some market is coming out of some other market. When an investor puts money into a stock, that money is flowing out of the money market. The same is true on a global basis. The flows are just bigger. For 20 years, where in the world money was flowing to and where it came from created opportunities. Today, one has to understand where the money flowing to China is coming from and where it will flow. Those flows give an investor more opportunities. Thinking like a financial engineer means considering all the methods of building a financial bridge to the future. Many think gold will benefit from the growing wealth of China. Well, where is that wealth coming from and is that creating any more interesting opportunities? The answer is yes, in the form of the Chinese renminbi. China's growing economy means that the volume of transactions in renminbi is growing, and in general at a double-digit rate. An investor is likely to double one's money in renminbi in the next ten years, and that may be better than Gold. - in daily bell

Jim Rogers : I’d rather buy silver than gold. I’m buying neither at the moment

Jim Rogers: On a historic basis, silver is cheaper than gold. Gold is down 10 or 15 percent from its all-time high. Silver is down 30 or 40 percent. So I guess I’d rather buy silver than gold. I’m buying neither at the moment. But if I had to, I’d probably buy silver today rather than gold. But again, I’m not buying or selling either. - in a recent interview

Marc Faber : I would rather be long precious metals than industrial commodities

"I would rather be long precious metals than industrial commodities," said Marc Faber at the annual London Bullion Market Association conference this week "Gold is not anywhere close to a bubble stage," "I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" he added

Peter Schiff : Gold was going to go up regardless the Election

Peter Schiff : The dollar was going to go down and gold was going to go up regardless. The re-election of Obama and the politics behind it just really shows the trouble America is in as a nation and as a society. The types of leaders we’re likely to elect, and the types of policies we’re likely to pursue are going to substantially undermine the economy. It’s almost like a self-perpetuating prophesy, because the more the government interferes in the economy, the more regulations we have; the more government spending we have, the more taxes we have—particularly on those with upper income—the worse the economy is going to get, the lower our living standard is going to go and the more good job opportunities are going to be diminished. And that’s very fertile ground for politicians to promise relief in the form of more government. And, more government creates the need for more government; because the more government we have, the more poverty we have. We’re in that spiral right now; this is how democracies die. We’re in a situation, votingwise, where we have more people in the wagon than we have pulling it. The way you get elected is you promise to people who are riding in the wagon more free stuff, an easier ride; and you also promise to whip the people pulling the wagon a little harder and make them do a little bit more. And as you do that, there are always people pulling the wagon who decide they are tired of pulling the wagon, and they want to jump in with everyone else. So you get even more people looking for something from government and you have fewer people to pay the bills. And this is where we are—a disintegrating nation. - in seeking Alpha

Jim Rogers Gold will Go Much Higher over The Next Decade

Jim Rogers: Yes, gold certainly over the next decade will go much higher. There is no question about that, but there are a few times when there is going to be more money printing. - in Jim Rogers Blog ( http://jimrogers1.blogspot.com )

Marc Faber : I do own some Gold Shares through stock options, because I'm a director of several exploration companies.

Marc Faber : Because I live in Asia, I am quite familiar with the Asian markets and economies. I have a bias toward Asian equities, especially because I can find deals in places such as Malaysia, Thailand, Singapore and Hong Kong—stocks that give me 4–7% dividend yields. With yields at those levels, at least I'm paid to wait. Even if they're cut 5%, I'd still get better cash flow than I would from, say, U.S. government bonds. Consequently, I feel reasonably confident owning such shares.

Because I have allocated only 25% of my portfolio to equities, if the markets were to drop 50%, I would have funds elsewhere in my portfolio to buy more equities. That's not a prediction for a 50% market decline; it's just to say that I'm positioned in such a way that I could put more money in equities through a) my cash flow, b) my income and c) my cash position. And I do own some gold shares through stock options, because I'm a director of several exploration companies. - in the aureport

Jim Rogers: The Gold Market will make its top in five-six-eight years

ET Now: What is your target on gold then from a year perspective?

Jim Rogers: I do not have a target. As the world unfolds, the gold market will make its top in five-six-eight years. In the end when gold turns into a bubble and a mania, I hope I am smart enough to sell when gold turns into a mania.

Gold to $2,000 In 6-12 Months Regardless of who wins the Election

Goldcorp CEO: Gold to $2,000 In 6-12 Months Regardless of who wins the presidential election, Goldcorp CEO Charles Jeannes explains why he thinks gold is going higher.

Gold Producers Climbing Off 28-Year Low Versus Metal

Barrick Gold Corp. (ABX) and other bullion producers are climbing from 28-year lows relative to the metal as they tame costs, raise cash flow and beat profit estimates.
Share-valuation measures have improved since mid-year, suggesting a return of optimism regarding the sector, Kenneth Hoffman, a Bloomberg Industries analyst, said in an Oct. 29 report. Goldcorp Inc. (G) and Agnico-Eagle Mines Ltd. (AEM) rose the most in almost five months after their earnings last week beat analysts’ forecasts. Barrick, the world’s largest producer, reports results tomorrow.
“The gold shares are starting to outperform the gold price,” David Christensen, chief executive officer of ASA Ltd. a San Mateo, California-based company that manages about $550 million and invests in precious metals companies. “As the companies begin to tighten their operating constraints and generate more cash flow, we’re seeing some of that turnaround in the valuations in the industry.” : Source Bloomberg Read More >>>>

Gold rebounded after a drop to the lowest price in almost seven weeks

Gold rebounded after a drop to the lowest price in almost seven weeks spurred purchases and as investors boosted holdings in exchange-traded products to a record. Silver, platinum and palladium advanced.

Spot gold climbed as much as 0.4 percent to $1,708.85 an ounce and was at $1,706 at 12:06 p.m. in Singapore. The metal slumped to $1,699 yesterday, dropping below $1,700 for the first time since Sept. 7, as the European Central Bank warned about the risk of deflation in some countries.
Source Bloomberg : Read More >>>>>

Obama Better for Gold Bugs

Another term of Barack Obama would be bullish for gold : Phil Streible, Sr. commodities broker at RJO Futures, says Mitt Romney’s pledge to boot Fed Chief Ben Bernanke if he wins puts him at odds with gold investors. An Obama win would be positive and bullish for gold says Phil

Jim Rogers Doubts Any Silver Market Manipulation

Daily Bell: The CFTC just dropped an investigation into silver manipulation. Is it manipulated day-to-day and does it matter?
Jim Rogers: A) It doesn't matter and B) I don't think it is. There are conspiracy theorists out there who say it's manipulated but I don't buy it. Mainly, I don't buy it because if it were manipulated like the conspiracy theorists say, it's been going on for 25 or 30 years. By now somebody would have told us. You can't keep a secret like that because then the conspirers would have to be all over the world. There would have to be tens of thousands of people. By now we would know about it. I'm a little skeptical.
It doesn't matter, as far as I'm concerned. Silver is going to go much higher. I own silver and if there's somebody trying to artificially suppress it, more power to them because in the end it's going to go up even higher. Whenever you artificially suppress something, once it finally breaks free, boy, does it skyrocket. Look at gold in the '70s. They artificially kept it down at $35 for a few decades. Finally the market said enough and it went up over 40 times. - in Daily Bell

Silver is Still Cheaper than it was 32 Years ago

“Consider this: Silver is the only major commodity not to have reached a new all-time high in this bull market; silver is still cheaper than it was 32 years ago, prices are astonishingly depressed,” Peter Cooper wrote for Resource Investor. [Silver ETFs Not Shining in 2012]

Obama is Good for Gold

Gold Super Spike Will Signal an Obama Win says Jon Najarian "We've noticed large investments in SPDR Gold Shares ETF (GLD) and iShares Silver Trust ETF (SLV) over the past two months. After losing its luster from the end of February 2012 through the May 23rd low of $148.84, it wasn't surprising for us to see institutional buying return to the precious metal. Then we had Fed Chairman Bernanke announce QE Infinity post Jackson Hole and his two-day Fed meeting last week, and gold was off to the races. The spike [GLD] from $167 per Bernanke announcement to $172 was nice, but a 3 percent rally isn't really going to get the gold bugs buzzing. However, we see massive buying of November 180, 185 and 200 calls, which portends a significantly greater rally, perhaps even a super spike for gold." he added

Jim Rogers: The Gold Price is going to go much Higher over the next decade

Jim Rogers :

I own precious metals because i expect more money printing… i own gold, i am not selling gold, whenever gold goes down i buy more, if it goes down a lot i hope i’m smart enough to buy a lot more because the price is going to go much higher over the next decade.
Politicians around the world are printing a lot of money that’s the wrong thing to do, but that’s what they’re doing and whenever they print money the way to protect yourself is own gold, silver, platinum, palladium, any precious item will protect you in time like that.

- in CNBC

Jim Rogers : Silver Better Investment Than Gold (SLV, SIL, SLW, GLD)

Jim Rogers prefers the white metal over Gold right now because Silver prices are about 40% below their highs, while gold prices are 10% or 15% below all-time highs. "But I'm not selling any gold. If it goes down I hope I'm smart enough to buy more. If it goes down a lot I hope I'm smart enough to buy a lot," Rogers said.

Gold is Nature's Currency - It Cannot be Printed - Matt McLennan

Matt McLennan is First Eagle Global Fund Portfolio Manager. He is Head of Global Value Team. This is a brilliant video.
"Ultimately what moves the needle for Gold is the perception that the discipline around sovereign paper is declining. More importantly than the action of central banks is the question of SOLVENCY. What does paper money then? That's a bigger question. You get confronted with very difficult choices. Either fiscal adjustment which is deflationary, do you print money in unconventional ways...or do you try to tighten fiscal policy at the margin, that could be quite inflationary in the medium-term [Wow] We have about 10 per cent of our portfolio in gold bullion and gold equities. It is a long-term monetary reserve"
[How closely do you monitor the supply and demand of Gold?]
"Supply and demand are irrelevant. Gold is the one commodity that lasts forever. The real supply of Gold is the cumulative stock of Gold ever mined. One year's mining supply is less than 2 per cent of the true supply of gold. No other commodity is as stable because every other commodity is produced for use. So there is no value to monitoring the short-term supply for gold. Ultimately the supply is all the Gold that has ever been mined"
{Beautiful - that's it right there - You need to measure the total Gold stock across the whole world. Then compare that against the total stock of dollars being debased / reflated by the Federal Reserve and global central banks. That's the forecasting model for inflation and deflation against the one true value ruler of Gold now in the form of true currency.}

Marc Faber : 25% of my Assets are in Gold

Marc Faber : “I have roughly 25% of my assets in gold. I buy every month, and I will never, ever sell it as long as people such as Mitt Romney, Paul Ryan, Obama, Biden, Bernanke, and Marc Faber : “I have roughly 25% of my assets in goldGeithner are in government. I will never sell it. Never." - in businessinsider

Jim Rogers : Gold & Silver are Undervalued

Jim Rogers : "Silver is about 40% below its all-time high, and Gold is 10% or 15% below its all-time high," - in mineweb

Peter Schiff : The Gold Standard forced the government to responsibly confront irresponsible fiscal policy

Peter Schiff : "The gold standard forced the government to responsibly confront irresponsible fiscal policy. At first Nixon tried devaluation, but the amounts were far too small to stop the gold drain. As an escape hatch, he instead abandoned the gold standard (although he said that the move was temporary). Without this “relic”, government could continue to finance its spending with ever larger deficits without losing any more gold. So instead of devaluation or deflation, we chose inflation instead. Many consider the impossibility of running perpetual deficits under the gold standard as proof of its unsuitability to the modern economy. As I see it, this is precisely why the gold standard is so desirable and so badly needed today."

The Republicans Consider Returning To The Gold Standard

There IS going to be a return to the gold standard, but it wont be the republicans or any other political influence bringing it to fruition. The Bank for International Settlements, The central bank for central banks, Has issued policy called the Basel Accords. Basel 1 and 2 have already been implemented, which is where the “700 billion” dollar bailout came from. This was the amount needed to capitalize the banks that would continue to function under the terms of Basel 2. Now they are beginning Basel 3, Which will require more “bailouts” to further re-capitalize the fraudulent banks in anticipation for the consolidation (crash). Basel 3 will require a world currency backed by gold. The world is on to the games (derivatives) wall st plays. The gold standard will return and THIS will be the “new” global currency.

Mary Jo Jacobi fmr special assistant to Ronald Reagan, told CNBC, a lot of the party (Republican) faithful believe we should go back on the gold standard; it would control government spending and offer a sense of stability.

Jim Rogers Silver Better Investment Than Gold ‎

After a 16 month correction in this 11 year bull market Silver looks set to resume its long term trend. $29 looks to be the breakout point above the trend line and silver may still take out it's all time nominal high price of $50 this year.it doesn't matter what the price of silver is today. What matters is the fact that you actually HOLD real physical gold & silver. Measure your wealth in terms of grams, ounces, kg The paper silver price will continue to be artificially manipulated until JPMorgan goes down. Period.
PROOF GOVERNMENT RIGS SILVER .

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.

-U.S. President Lyndon Johnson, 1965

S. Korea buys 16 Tonnes of Gold in July

S. Korea adds 16 tonnes of gold to their Central Bank Reserves in July moving them to 40th in the world with 70.0 metric tons. Hong Kong will open it's 1000 Metric Ton Gold Vault in September at the international airport to meet rising demand from banks and the wealthy. A central bank official told reporters the purchases were made sporadically throughout the month in London, but declined to provide the exact net purchase price per ounce it paid for the bullion, typical of most central banks.

Jim Rogers : I suspect Gold will be much, much, much higher over the next decade

Jim Rogers : I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction. Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40%. It's just the way markets work. Gold has not gone down that much. It's only gone down that much once in the past 11 years, and even then it ended the year up. I'm not buying gold at the moment. If it goes down a lot, I hope I'm smart enough to buy a lot more. I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in mineweb

Gold Bubble is nonsense - Marc Faber

“Talk of a gold bubble is nonsense,”
“There is no sign of the price surge you saw with the Nasdaq bubble or oil stocks in the late 70s, or the jump in the gold price from $380 an ounce to $800 between November 1979 and February 1980.” Marc Faber said Wednesday during the Agora Financial conference in Vancouver

Jim Rogers not selling his GOLD

Jim Rogers: Gold went up 11 years in a row, which is very unusual. I’ve never known any asset to go up 11 years in a row without a correction. It’s having a correction now. I would suspect that the correction will continue for a while. I’m not any good at market timing, but I’m not buying any gold at the moment. But if it goes down, I hope I’m smart enough to buy more—a lot more. I’m not selling my gold. - in hardassetsinvestor

Peter Schiff : We need a GOLD Based Monetary System

GIN: So you believe that paper currencies issued by various governments as they exist will continue, but they will be backed by gold?
Peter Schiff : They won’t continue as they exist because right now they have no value. They are backed by nothing.
Most paper money initially existed as a substitute for gold. That’s what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what’s backing up the dollar?
I don’t think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper. - in goldinvestingnews

Peter Schiff: Gold going to $5,000/oz minimum , may be Higher

Ludwig: What are we talking about here: $3,000, $4,000?

Peter Schiff: Oh, at least. I think a minimum of $5,000. But it could go a lot higher than that. A lot of it depends on future actions of central banks. We’re on a trajectory right now to send gold a lot higher, but central banks could do the right thing, and that would limit gold’s gains. But the more they keep printing money and the more they keep interest rates low to artificially prop up the economy, the higher gold is going to go. - in indexuniverse interview 16 July 2012

Jim Rogers Not Buying Gold but Not Selling Either

Jim Rogers: Gold went up 11 years in a row, which is very unusual. I've never known any asset to go up 11 years in a row without a correction. It's having a correction now. I would suspect that the correction will continue for a while. I'm not any good at market timing, but I'm not Buying Gold at the moment. But if it goes down, I hope I'm smart enough to buy more—a lot more. I'm not selling my gold. - in Gold News

Gold Recovers From Initial Dip on Bernanke

Gold Recovers From Initial Dip on Bernanke

metals prices are closing and gold was the focus with the collar during bernanke's testimony. sharon is tracking it. gold prices unchanged the last several sessions when it comes to the close and once again, we're seeing gold prices finishing up the day at 1590. there was no hint about qe-3. as many traders and analysts started listening to what he was saying during the q & a period and interpreting what could happen down the road as the chief economist pointed out, we see a 50-50 chance of some type of easing down the road if the economic data continues to deteriorate. the fact remains, gold prices have been stuck in this $100 range the past two months and there have been no real catalysts to get gold out of this range. as one trader told me, seems like the fed is a red herring, even if the fed or central banks do some monetary easing, it will take economic conditions improving to get a catalyst in the market. money still coming in. looking at precious metals seeing inflows in the second quarter, upwards of $700 million

Marc Faber : Buy Gold Right Away

“If you don’t own any gold, I would start buying some right away, keeping in mind that it could go down,” says Marc Faber “The possibility of the gold price going down doesn’t disturb me,” says Faber. “Every bull market has corrections,” “No, gold is not in a bubble. It wasn’t in a bubble in 1973, either, but it still corrected by 40% then,” “I don’t believe gold is anywhere near a bubble phase,”

Peter Schiff : Gold Miners are a Huge Opportunity

Peter Schiff : Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners. I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock. - in Goldinvestingnews

Peter Schiff : Gold going up in 2012 and Going Higher in 2013

 Goldinvestingnews : Where do you think gold prices will go this year?


Peter Schiff : I think they are going to go higher. Whenever it breaks out, it’s overdue, whether it’s this year or next year. Look at what has happened recently in agriculture prices. Look at soybeans, they have just taken off. There’s normally a pretty good correlation between soybeans and precious metals. And it’s not just soybeans, also wheat and corn. So I think it is going up and will go higher in 2013. - in Goldinvestingnews

Silver Prices Set to Explode to the Upside

The Silver Prices Set to Explode to the Upside says Jeb Handwerger , mainly due to disruption in production sites in Bolivia Peru Mexico and Argentina , shortage of supplies , silver to be viewed more as a safe heaven as the US Dollar is nearing its top with the bad news coming from the job market in the US and the probability of the FED having to implement a QE3 , all is highly bullish for precious metals and especially silver , the last time the FED did QE2 silver prices soared from $18 to almost $50 an ounce

Jim Rogers: The Huge Gold Sell-Off Might Only Be Halfway Done

Jim Rogers : "I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction.
"Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40 percent. It's just the way markets work."
I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in OilPrice.com

Jim Rogers : I own Gold, I am not selling Gold. If Gold goes down, I will buy more

Jim Rogers : “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.” Jim Rogers is bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal. Rogers owns all the metals but said if he had to buy one today, it would be silver.

Marc Faber : Gold Bullion Has Bottomed

Marc Faber : "I'm not sure that gold will not make a new high this year,"

"but I think we've bottomed out. "Some Gold Mining shares have become very very inexpensive compared to the reserves they have." Faber told Bloomberg in an interview recently

Jim Rogers Bullish on Gold but Would Rather Buy Silver Today

Jim Rogers Bullish on Gold but Would Rather Buy Silver Today

• “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.”
• He’s bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal.
• Rogers owns all the metals but said if he had to buy one today, it would be silver.

- in ETFtrades

Marc Faber: Gold Not necessarily the Best Asset

Marc Faber: I do not think it (Gold) is necessarily the best asset. What I am suggesting is that people should diversify their assets and should own some gold compared to paper money. Over time central banks will continue to print money everywhere in the world. Therefore, the purchasing power of paper money will decline. So I would own some gold. We are in a correction period and we may still go lower. But on this weakness I would continue to accumulate gold. - in ET Now 21 June 2012

Marc Faber Bullish on Gold Shares

Marc Faber : I am also warming to Gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated. Goldcorp [GG] is attractive because most of its properties are in the U.S., Canada, and Mexico. The company isn't exposed to regimes that are talking about nationalizing resources. In general, stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term. - in Barron's Roundtable - June 2012

Buy Gold ahead of QE3

Societe Generale is “enthusiastic on gold” — so much so that in their latest cross-asset strategy report, they call “buy gold ahead of QE3″ their number one strategy, saying it’s “the perfect asset to benefit” from additional loose monetary policy.
In the report, SocGen discusses the historical relationship between the price of gold and the U.S. monetary base. The SocGen team writes that “if gold catches up with the increase in the monetary base since 1920 (as it did in the early 80s), its price would rise to USD 8500/Oz,” adding that just “to close the gap with the monetary base increase since July 2007, gold would have to rise to $1,900/oz, assuming full transmission from the monetary base increase to the gold price.”
Read full article

Jim Rogers : Going Back to The Gold Standard is unlikely

Question : Are We Going Back To The Gold Standard ? 

Jim Rogers : I think it's unlikely. I know there are lots of people who would like to return to the gold standard, but the problem with the gold standard is that it always had problems, too. Politicians can always figure out ways to try and cheat us, the poor citizens. - in MoneyNews

Peter Schiff : Buy Gold Now or you will be chasing it later

Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold stocks have gone down , over a longer time period of course over the last ten years gold has done very very well , so a lot of these problems have been anticipated in the gold market for years , why it has not had a bigger move recently ? I think that has more to do with the relative strength of the dollar versus other fiat currencies which I think is temporary , I also think people are fooled in thinking that us treasuries represent a safe heaven alternative to gold , people who are piling up treasuries are going to regret it that bubble is going to burst , I am confident that eventually people will find their way back to gold as a safe heaven

Marc Faber : some Gold Mining Shares have become very very inexpensive

Gold Mining Shares have become very very inexpensive says  Marc Faber : I am not sure that gold will make a new high this year but I think we bottomed out and I think that some gold mining shares have become very very inexpensive compared to the reserves they have and I think that in the current environment where it is clear that the worst the economy becomes the the more the money printers will be at work that to own a currency whose supply cannot be increased at the will of some clowns that occupy the central banks is a desirable investment
says Marc Faber in 07 June 2012 on Bloomberg TV
Click here to watch the full interview>>>>

Marc Faber : Gold Price already Hit Bottom

Marc Faber : "I'm not sure that Gold will not make a new high this year, but I think we've bottomed out and some gold mining shares have become very very inexpensive compared to the reserves they have. And i think that in the current environment where it is clear that the worse the economy becomes the more the money printers will be at work, that to own a currency whose supply can not be increased at the will of some clowns that occupy the central banks is a desirable investment." - in Bloomberg TV

Central Banks doing a run on Gold

Central Banks Purchased 70.3 Tonnes Of Gold In April 2012! : Data from the IMF showed that Argentina purchased 7 tons of gold last year as the yellow metal was hitting an all-time highs of $1920.30 per ounce. UBS analyst Edel Tully said this suggests the Argentinean central bank was more concerned with increasing its gold reserves despite record prices. Sheeple do a bank run... and the big banks do a run on gold. Central banks gold purchase data from the IMF is in for April. Mexico, Kazakhstan and Ukraine added about 204,000 ounces in April. The Philippines added a whopping 1.033 million ounces in March with gold now at 13.6% of its total reserves. UBS highlighted the Philippines' gold purchase is significant as this is the second largest monthly Central Bank's purchase after Mexico's purchase of 2.5 million ounces in March 2011. Led by Mexico and Russia, central banks from 11 countries and the Eurozone added a combined 57.9 tonnes of gold in March 2012. Mexico raised its reserves by 16.8 tonnes, Russia added 16.5, Turkey 11.5 tonnes, Kazakhstan 4.3 tonnes, Ukraine 1.2 tonnes, while other ex-Soviet republics including Tajikistan and Belarus added less than half a tonne. In percentage terms Argentina made the biggest bet on gold, upping its reserves of gold by more than 10% to 61.7 tonnes over the month. The only sellers were the Czech Republic which reduced its bullion reserves by 4,500 ounces..

Jim Rogers Not Buying Gold Yet

Jim Rogers : "I will add [Gold to my position] somewhere along the line, but not for a while,"
"Gold has been up 11 years running, that's very unusual. Things should correct. "If gold went down 35% or 40% it would go to $1200...But that's normal, markets correct. "That's the way things are supposed to work, and that would be good for gold in the long run." - in a CNBC interview yesterday

Marc Faber : Gold may not perform very well in the near future

Marc Faber : Gold may not perform very well in the near future. The gold market has performed so well, we could have some setback - in MarketWatch

The COMEX cannot deliver says Kyle Bass

COMEX is leveraged too high for Kyle Bass . Kyle Bass explains the COMEX Fractional Reserve Bullion at AmeriCatalyst 2011, which took place Nov. 6-8, 2011, in Austin, Texas.What happens to the gold stocks when more than 4% of the people take delivery and the COMEX defaults? They become worthless because it would take a couple of years to deliver all the existing ones, problem is it won't happen. If there is a large demand for deliveries the clients will be promptly paid off and asked to go do business directly with the miners. Miners deal in reality and metal bankers deal in paper and fiction. This is what Kyle Bass has been complaining about for years...after no one listening, I guess he made his point pretty clearly....'if the system screws you, then you screw the system'

Jim Rogers On When To Buy Gold

Jim Rogers : What I said was, if gold gets to $1100 or $1200 or $1300, I would hope I’m smart enough to buy more. I don’t know if it’s going to go there or not. I may buy it at $1850 if war breaks out with Iran. It depends on what happens in the world. What I said was that it won’t surprise me if gold goes down much lower; that’s normal for the way markets work. And if it goes there, I hope I’m smart enough to buy more. But if it goes to $1,550, I would probably buy more. Just depends on what happened. - in Seeking Alpha

Peter Schiff : Betting Against Gold Has Been The Wrong Trade

Peter Schiff : " I think a lot of the professional money managers, professional speculators, they’ve been betting against this gold bull market for the the last ten years. Betting against gold has been the wrong trade."

Bill Murphy : JP Morgan manipulating the Gold Market

Bill Murphy of GATA explains how the Gold Cartels ( JP Morgan and co) are manipulation the gold and silver markets , and he explains why to understand the gold and silver markets it is fundamental to know what GATA knows and be familiar with the gold price suppression scheme. How outstanding gold loans and massive paper gold shorts have distorted the market and how this is now unravelling. He talks about GATA's past predictions and how their track record is much better than mainstream gold commentators because these are working with the wrong numbers. He also talks about silver manipulation. Good on Bill Murphy for attacking the evil cartel, must have given him high blood pressure over the years. Excellent interview

Peter Schiff : save in Gold not in Fiat Currency

Peter Schiff : save Gold not Fiat Currency , Gold & Silver is not a commodity or investment. More than anything else its the only REAL MONEY. You have to spend some fake money and buy the REAL MONEY back, or else the banksters have you by the balls.

Peter Schiff : The FED Chairman is completely wrong he does not understand money he does not understand gold he does not understand the history of money , the thing about Bernanke is that he does not even understand recent history , he thinks that interest rates and home prices are completely unrelated he thinks that it was a pure coincidence that we had this cheap money under his predecessor and the housing bubble that it just happen to happen at the same time ,Ben Bernanke is completely clueless! "
Bernanke purposely lowered the interest rates and increased the money supply ignoring the "liquidity trap"(keynes), the pigou effect and the criticism by kalecki, the only thing that keep the pieces together is the status of world's reserve currency of the dollar, which is based on some twigs and dirt, he knows this and was instrumental in the making of this "situation".

Bill Murphy explains Gold & Silver Manipulation

Bill Murphy of GATA explains why to understand the gold and silver markets it is fundamental to know what GATA knows and be familiar with the gold price suppression scheme. How outstanding gold loans and massive paper gold shorts have distorted the market and how this is now unravelling.And he explains the tremendous potential in mining stocks and how these have been suppressed too, despite rising gold prices. Given their tiny market capitalization he expects that when the rush comes, they will rise in value very rapidly and outshine even the dotcom bubble

Marc Faber on Where To Hide Your Gold

Marc Faber says that you should keep your Gold holdings outside the reach of potential confiscators “As you know, we had MF Global. What did the clients get? Less than what they had at the company,” “And I think eventually the financial system will be an MF Global, where you don’t get your money back from the banks and the investment banks and from the mutual funds and so forth and so on. And so I think everybody has to think to himself: how do I protect myself against the Black Swan event?” Marc Faber told Chris Martenson in a recent interview “Where is anything safe? I mean, I think in a safe deposit box is relatively safe, but maybe not in a safe deposit box in the U.S.,”
“If you look at the MF Global case, it seems—I don’t know for sure—but it seems some people got their money, but not others. This is a very disturbing thing to happen in the financial system. And when I see this, I think we have to be very prudent, so I would hold a safe deposit box outside the U.S.. “Now the question is: how is it to hold a safe deposit box with a bank if the bank closes down. And this happens,” Faber continued. “You can also hold safe deposit boxes in duty-free stores, warehouses at airports around the world. In Switzerland we have them; in Singapore we have them, and so forth. So that’s a possibility.” Faber explained

The Gold Silver Correction is Over says Gary Wagner

Gary Wagner Thinks the Precious Metals Correction is Over--03-29-2012 Gary Wagner of "The Gold Forecast" discusses gold and silver prices from a technical perspective. Although Wagner sees triple-digit silver prices as a near certainty, he predicts that The Gold Silver Correction is Over .The Fed doesn't want to bring gold prices down. Bernanke has openly stated in meetings he wants to keep the value of commodities and housing prices inflated higher via inflation. If he doesn't it allows deflation to rear its ugly head. And he is dead against any kind of deflation. I expect Gold to be $2000/oz before they even start to touch interest rates or stop pumping liquidity into bonds, paper gold and silver.

Indian Boycott Impacting Gold

Indian Boycott Still Impacting Gold : Adrian Ash, head of research for BullionVault, says the situation in India is still weighing on gold prices.The Indian government has said it will review a new tax on unbranded gold jewellery, after 11 days of protests by gold shop owners. Shops have been closed in some parts of India since the levy was announced in the federal budget on 16 March.

Gold - Independent Money

Short animation arguing for re-introduction of gold as money because of its independence. Written and narrated by Dominic Frisby. Animated by Pola Gruszka. Sponsored by Gold Resource Corporation. the fundamentals and principals behind gold are rock solid (pun intended). Just look at the central banks of all the wealthy countries hoarding gold like crazy. Gold is also being heavily used in small electronics now days. All of this new smart phones have a decent amount of gold. Gold conducts electricity very well even on a nano level. So yes, gold does have other uses.

the interest rate system must be abolished as well. it is mathematically impossible to pay back interest, and the interest on the interest, with a fixed money supply (as it would be with gold, since gold mining is projected to run out sometime the next 30 years, thus money supply would then be stable) so interest rates are fraud to begin with and can only lead to more money printing to pay the banks -> inflation, or implosion of the system. also, fractional reserve banking is fraud

Gold getting a Bernanke bounce today

Gold getting a Bernanke bounce today , Gold and silver moved shortly after FED Chairman talked , another push to the gold and silver prices came from the Italian PM who said that he was worried about the possibility of seeing Spain going bankrupt , investors are expected to start flocking again into gold and silver markets

Gold is Money

Gold is Money it retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy. Investor demand for gold has increased tenfold in 10 years indicating that the commodity is entering a new phase of the gold bull market as China and India drive demand. The price of gold has also been affected by global monetary stimulus programs and the exchange rate between gold and paper is expected to rise even further, with analysts predicting that the next 12 month target for gold will be USD 2,000.

In Gold We Trust: The Future of Money in an Age of Uncertainty
The Economist has published a new book, authored by Matthew Bishop, American Business Editor, on gold and the future of money. "In Gold We Trust" is available globally on Amazon as a Kindle Single.

Ben Bernanke Anti GOLD Speech At George Washington University

Ben Bernanke Anti GOLD Speech At George Washington University . Mr. Bernankes Class is in: Print Money, charge Interest on it....Have a Great Day Kids.

Federal Reserve Chairman Ben Bernanke is trading in his chairman hat for that of a college professor. Bernanke has given the first of four lectures to students at George Washington University. Four times starting Tuesday, Bernanke will take a break from his day job to revisit the academic life he led -- and, by all accounts, enjoyed -- before coming to Washington a decade ago. He'll stand before a class of George Washington University undergraduates and deliver a series of lectures on the Fed.

Central Banks Hoarding Gold after the Big Drop

Central Banks Buy Gold On Last Week's Big Drop . Central Banks are buying gold on the dips having bought about 4 Tons the past week according to insiders. Central Bank Gold Buying is a Game Changer" Also remember, China is dig the hell out of their ground and are now the number 1 miners of both gold and silver in the world. You think they are reporting to any agency or institution on how much they are mining?! It's a game theory, the first country to run back to gold will cause the chain reaction... those with gold will win, those without lose.Central banks are taking advantage of the fact that the price of gold dropped 3 percent last week. Reuters said that central banks bought about $250 million worth of gold last week through the Bank for International Settlements.

James Turk on The Gold Standard

James Turk on The Gold Standard

Gold is a good inflation hedge, just don't get into the futures game unless you wanna get hammered when the banksters manipulate the market. James Turk Director of the GoldMoney Foundation argues that the gold standard has been proven to be a working monetary system with automatic leveling functions. As a result of the coming structural changes to our monetary system, both men recommend owning tangible assets. They point out, that those who act first have a great advantage.He also speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment.James Turk mentions that today, commercial banks as well as central banks are leveraged at unsustainable levels. While both agree that it makes sense to get back to less risky traditional banking and a sound money system, He raises the question of how it will be possible to bring the leverage down to prudent levels again and how to get rid of the huge amount of complex derivatives. He also talks of the coming dollar collapse and the waterfall decline in the dollar, especially since Ben Bernanke's words on QE

Jim Rogers : Gold below $1,600/oz is a good Buy

Jim Rogers : I’m certainly watching, if it goes below $1,600 I’m sure I’ll buy more. If it goes to $1,200 I hope I’m smart enough to buy a lot more. Gold has been up 11 years in a row now, which is extremely unusual for any asset. So it would not surprise me if gold doesn’t ... continue to have a nice correction in 2012. If it does, if it does, I hope I’m smart enough to buy a lot more. I’m not selling. I’m not selling. I have not sold and will not sell until the bubble comes. There will be a bubble in gold some day but that’s ten years, I don’t know, several years from now. I hope I’m smart enough to sell when the bubble comes. - in businessinsider

Marc Faber : Gold is not in a bubble

Marc Faber : No, gold is not in a bubble. It wasn't in a bubble in 1973, either, but it still corrected by 40% then. I don't believe gold is anywhere near a bubble phase. A bubble phase is characterized by the majority of market participants being involved in a market space. I saw a gold bubble in 1979–1980, when the whole world was dealing—buying and selling gold 24-hours a day, globally. - in a recent interview with the Gold report

Gold backed Yuan to replace the Dollar - Doug Casey

Doug Casey : This Week In Money - 3/3/2012 Doug Casey, founder and chairman of Casey Research Institute, he says that he likes silver even more than gold silver being a very undervalued and smaller market , Donald Trump is a good entertainer but he does not understand the markets says Doug , OPEC does not set the oil price the market does , the prices of oil will go even higher from here

Bill Murphy explains the Gold & Silver selloff

Bill Murphy heads the Gold Anti-Trust Action Committee GATA explains the recent Gold and Silver sell-off , the Chinese and Russians know what's going on , The western elites will never allow gold to gain momentum in strength as long they can prevent it. Doing it would mean total end of this world as we know it. If Gold starts to seriously take over dollar Russia, China and other countries will take over the as superpowers. I'm quite sure Russia would start to harass surrounding countries and so on once it occurs. I'm not so sure of anything anymore. It's a circus now and a hidden gold vs dollar war.

John Embry : Gold & Silver on the cusp of breaking out

John Embry -- Chief Investment Strategist at the Canadian firm Sprott Asset Management -- discusses the recent correction in the gold and silver prices , John argues that long-term savers and investors in precious metals should not panic in the face of such corrections because gold and silver are on the verge of a break out especially when we take into consideration the rising gas prices and its impact on the cost of mining gold and silver

Time to Buy Gold after the 5% fall discount

Matthew Grossman, Chief Equity Market Strategist, Adam Mesh Trading Group believes the 5% fall in gold prices overnight presents an attractive buying opportunity.

Gold provides no yield because it has no counterparty risk

JAMES TURK : Yes, gold doesn't provide yield because it doesn't have counterparty risk. If you want to put your gold at risk and lend it to someone you can generate yield on that. So right now people don't want that counterparty risk because they don't know whether their gold is going to be returned or whether the euro's they haven't deposited in their bank is going to be returned, if the bank goes belly-up, or the purchasing power of the euros they put on deposit will be returned because of inflation as a result of all the quantitative easing and money printing that's going on around the world. So you can't really look at some of those "straw man" arguments against gold because they don't think they carry any weight. The more important thing is what's been actually happening in over the last 11 years - the gold price has risen in US dollar terms at an average annual rate of appreciation of 17%. Now have you been earning 17% on your dollar deposits or euro deposits every year? You haven't and so gold is going to become more and more attractive as people understand that gold is still undervalued and still very much useful, and you know, valuation is more important than price. They are different things - as long as an asset is undervalued you should continue to accumulate it and by all my historical measures, gold is still undervalued. - in mineweb

Jim Rogers : Do not sell your Gold, not yet

Jim Rogers : If somebody starts bombing Iran, everything in the world is probably going to go down for a while except maybe gold. Maybe the US dollar would go up initially, but probably everything would be hit in the shock except maybe gold. So I own gold. I am not selling my gold. I bought some gold on Monday a little bit. Not very much, but if gold goes down a lot, I would buy. I hope I am smart enough to buy a lot more gold. Gold is going to go much higher over the course of this decade. Do not sell your gold, not yet. - in ET Now
Click here to watch the full interview>>>>>>

James Turk more bullish on Silver than on Gold

JAMES TURK: Well my long-term view is that I've always been more bullish on silver than I have been on gold and the reason is that even though gold is cheap, silver is even cheaper than gold. The ratio is still in the 50s when the historical ratio is 16 ounces of silver equal to one ounce of gold, and I expect before this bull market is over, we're going to get down toward that area. But the problem with silver is that it's much more volatile than gold. Last year the ratio was at 31 and a few months later it was at 57/58. That volatility is not for everybody, but if you can handle the volatility - own some silver. My general recommendation is that two-thirds gold, one-third silver and by the time this bull market is over, the silver component of your portfolio will have a higher currency value than the gold component of your portfolio because of the outperformance as a result of the decline in the gold-silver ratio. - in mineweb

Gold $2500/oz & Silver $56/oz this year says John Embry

Gold and Silver Weekly Update - The Latest on Precious Metals - 2/18/2012 : John Embry of Sprott management said recently that he sees Gold going to $2500/oz and Silver @$56/oz this year says 2012 which is very close to James Turk prediction for this year of $2500/oz for Gold and $70/oz for silver.... Jerry Robinson interviews veteran Precious Metals Advisor Tom Cloud about the latest news on the precious metals markets.

Gold Price will kick in any day - Bill Murphy of GATA

Gold Price Manipulation Explained and Why Silver Will Soon Go Ballistic says Bill Murphy of GATA .Bill Murphy explains that he will be shocked if silver won't hit the $60/oz by the end of this year , he also explains how JP morgan was able so far to rig the market and keep the prices of gold down , which is a great opportunity for the average investor to buy more gold and silver , gold prices will kick in any day and they are ready to explode he said

David Morgan on 2012 Gold & Silver Fundamentals

David Morgan chats with "Trading Talk" on 2012 Precious Metals Fundamentals . Bob Chambers from "Trading Talk" speaks candidly with David Morgan "The Silver Fox" at the 2012 Cambridge House Economic Seminar to discuss the current "seasonality" in the market and why he believes we should expect a broad trading range throughout the first 6-months of this year.

Alan Butler : Backdoor QE3 already started

Alan Butler: Korelin Economics Report 2/4/2012 : Quantitative easing 3 already started says Alan Butler , If you follow the money the FED is borrowing Americans money to Greece and other European banks , the European banks are making money that they do not deserve thanks to the recent swap with the FED , this is a backdoor QE3 operation and the media is keeping silent about it

James Turk : Gold still Underowned & Undervalued

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Feb 2, 2012 James Turk, founder of the GoldMoney Foundation talks about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discusses the implications. He points out that there hasn't been a 20% drop in the price of gold since 2008. James explains that these periodic liquidations are a normal part of gold's bull market. He then talks about the fundamentals and discusses gold's safe haven status. He talks about how gold suffers in a liquidity event because of the rush to cash and the need to realize profit, while outperforming all other assets. James Turk recommends seeing gold as a form of savings and accumulating while its undervalued, since the trend will go much higher, rather than attempting to trade it. He also discusses Lehman, Greece, Dexia and other significant market events.

David Morgan : The rush to commodities...

Its not the price of gold silver that matter but rather how many ounces you own (in your possession). the CME is setting the Bait out again to attract more customers after having ripped them off last time with Margin rises, 5 of them in 8 DAYS! So now CME is lowering them again! "CME Cuts Gold, Silver, Platinum And Copper Margins" zerohedgeDOTcom/news/cme-cuts-­gold-silver-platinum-and-coppe­r-margins

Marc Faber : With money-printing, you never know what sector of the economy will be inflated

Marc Faber : "It is not that the gold price will go up. It is that the value of paper money will go down."
"Ten years ago we had relatively low inflation in the Western world. Now, with interest rates at zero, we have high asset valuations. Asset prices have gone ballistic in stamps, modern art, wine, you name it. Gold, silver, other commodities, equities in emerging markets, high-end real estate -- all have done well. When assets become like cash, it may be safer to hold your money in the bank. If asset prices collapse, you'll be better off in Treasury bills with zero yields. Then the central banks will print money and bail you out. At least you'll get your principal back. With money-printing, you never know what sector of the economy will be inflated. Maybe we have had profit inflation and there will be a severe correction. I don't expect corporate profits in the U.S. to collapse by more than 20% in the next 12 months."

Jim Rogers : Gold over $2,000/oz , but not this year

Jim Rogers : "I do not think it (GOLD ) will go to $2,000 this year, no. I own it and I am not planning on selling it. It will go over $2,000 one day, but not this year," - in investmentweek

Gold Market to skyrocket in 2012

The Gold Market Positioned For Massive Upside Move says Jonathan Rose and that's why a lot of top economists are predicting $2000 an ounce for the yellow metal this year he added

Jim Rogers : Shortages of Physical Gold supplies looming

Jim Rogers : “Gold is being seen as a protection against inflation, against money printing, against debasement of currencies. The supply of gold hasn’t increased very much. Many goldmines are old and running out. So you have problems on both the supply and demand side.”

James Turk : Gold is the Rock Star of Asset classes

James Turk in This Week in Money February 4th, 2012 : Gold is the Rock Star of Asset classes it has been increasing in value since 2001 , James Turk recommends to hold physical gold and silver bullion , not any kind of paper gold or silver , when you own paper gold or silver you do not own bullion , you own a financial asset that's an intangible asset based on someone's promise which means their capacity an willingness to actually deliver gold and silver in the future at a certain date , so you are exposed to a counter party risk , but when you own physical bullion whether it is gold or silver , you own a tangible asset and that's what you really want to own during a period of financial stress

James Turk : Gold has another 600 percent to go

James Turk & Chris Waltzek - February 1, 2011. GoldSeekRADIO : Gold is still undervalued and has another 600 percent to go . James Turk, Director of the GoldMoney Foundation talks about the outlook for the gold price the fears of hyperinflation the problems facing the eurozone as well as the global economy.Gold is very undervalued says James Turk who recommends to minimize financial assets and maximize tangible assets and when it comes to liquidity the best tangible asset is gold and silver

Gold prices are set to explode in 2012 - Peter Schiff

Gold prices are set to explode in 2012 Peter Schiff, CEO of Euro Pacific Capital, says the stars are aligned for a gold rally.Schiff says he's "more optimistic about gold" this year than he's ever been and says all the shorts and newly turned gold bears will miss the imminent rally. Moreover, gold mining stocks (such as Newmont Mining and Barrick Gold Corp.) will finally play catch-up to gold, he says, meaning big returns for investors who have stayed with these stocks as they significantly lagged the precious metal."People who are using Treasuries as a safe haven are making a grave mistake if they don't get rid of their treasuries soon," he says.One of the biggest investment stories in 2011, gold ended the year up 10% - a sharp contrast compared to how U.S. stocks closed in 2011 - but a big drop-off from gold's September high of $1,920.30 an ounce. Gold had one of its worst fourth quarters in decades, losing 10% in the month of December alone.Gold has no price. Prices are a matter of currency values. Gold isn't volatile. The currency is.The CME has increased margin requirements twice for Silver and 6% for Gold long contracts to about 11% of the contract. Yet naked short positions need to have no physical holdings of Gold. This can only force the price of precious metals down . If you want to be long on Gold contracts you have to hold more dollars, if you want to be short on Gold you dont need any Gold at all to do so. Looks like the CME has taken over Precious metals price manipulation from J.P.Morgans & HSBC's prop traders. If the naked shorts of Gold & silver were forced to hold just a 6% inventory of the physical metal to back their trades there wouldn't be enough physical supply & the whole system would collapse, yet the CME insists overnight that holders of long contracts in Gold have to hold an extra 6% magin of worthless paper (money) to cover their long contracts. The gold price drops $80 in a week. The chicago mercantile exchange is the new J.P.Morgan precious metals manipulators. Buy only physical metals.