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« Reply #321 on: December 11, 2010, 01:32:09 PM » |
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Copper, Gold are hot commodities in 2011: Morgan Stanley
11 December 2010, by Allen Sykora - Kitco News (CommodityOnline) http://www.commodityonline.com/news/Copper-Gold-are-hot-commodities-in-2011-Morgan-Stanley-34429-3-1.htmlExcerpt:Morgan Stanley says gold and copper are among the commodities for which it is “most constructive” in 2011. Overall, most commodities should move higher next year as demand is bolstered by above-trend 4.2% growth in global gross domestic product, Morgan Stanley said in a report listing its forecasts Friday. More than 70% of the economic growth is expected to come from commodity-intensive emerging-market economies, including China, India and Latin America. “We are most constructive on crude oil, copper, gold, and corn and soybeans,” Morgan Stanley said. In the case of copper and gold, Morgan Stanley listed average-price forecasts for 2011 well above the averages for 2010, although below current prices after both markets hit record highs earlier this week. Expansionary Monetary Policies, Sovereign Risks To Support Gold Morgan Stanley analysts describe themselves as “increasingly positive” on the outlook for gold for 2011, in part due to the adoption of a second round of quantitative easing, known as QE2, by the U.S. Federal Open Market Committee in November. “The positive impact on gold prices from QE2 derives from the boost to investor demand for hedges against the threat of imminent deflation or subsequent inflation because of excess growth in the money supply,” Morgan Stanley said. Analysts also expect investment demand for gold to remain strong given a resurgence of the European sovereign-debt crisis. This should boost gold as investors seek safe havens. Another boost could come if the European Central Bank moves to adopt quantitative easing through the unsterilized purchase of peripheral euro members' government bonds. Still more supportive factors are tensions on the Korean peninsula, as well as central-bank demand, Morgan Stanley says. It cites World Gold Council data showing that in the third quarter, the official sector posted its sixth straight quarter of net purchases. Morgan Stanley looks for an average gold price of $1,315 in 2011, up from $1,203 in 2010. Morgan Stanley is talkin the Supression sceme BASTERDS!
“ ... an average gold price of $1,315 in 2011″ Don’t think so!
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« Reply #325 on: December 11, 2010, 01:58:20 PM » |
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sorry if this is a bit off topic,what r your thoughts on Jim Rogers saying you should get the actual certificate of any stock you hold,Bob Chapman disagrees
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« Reply #326 on: December 11, 2010, 02:04:25 PM » |
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sorry if this is a bit off topic,what r your thoughts on Jim Rogers saying you should get the actual certificate of any stock you hold,Bob Chapman disagrees Donnow, I am not actually in the business. Always can e-mail Bob for this question and ask him why not? http://www.theinternationalforecaster.com/contactHe gets many e-mails now so be patient and make the question very clear. |
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« Reply #327 on: December 11, 2010, 02:06:52 PM » |
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Emirates NBD ventures into Gold trade
10 December 2010, Dubai (CommodityOnline) http://www.commodityonline.com/commodity-stocks/Emirates-NBD-ventures-into-Gold-trade-2010-12-10-34398-3-1.htmlExcerpt:Emirates NBD a leading bank in UAE has announced launch of its gold business on Thursday. The bank will offer a comprehensive range of specialized gold products and services to all market segments in the UAE, providing retail and business customers with a one-stop shop approach to investing in gold. Emirates NBD also unveiled the Emirates NBD Gold Certificate (GC), the initial product offering from its Gold Business portfolio, which allows customers to invest in the gold market through any of the 110 Emirates NBD branches nationwide. Such an idea of god certificate is first in the region. The Gold Certificate is issued in lieu of physical gold at international market rates prevailing at the time of purchase. “The demand for gold has raised enormously both on a regional and global level as a result of the recent period of economic uncertainty. Recent dramatic price increases prove that investor appetite continues to remain high, particularly in this region where gold is considered as a preferred store of value,” Jamal bin Ghalaita, Group Deputy Chief Executive Officer, Emirates NBD said to reporters.
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« Reply #328 on: December 11, 2010, 02:16:39 PM » |
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Gold demand vs India and China
10 December 2010, by Jack Wogan (CommodityOnline) http://www.commodityonline.com/news/Gold-demand-vs-India-and-China-34394-3-1.htmlExcerpt:China's national gold demand accounted for 18.7% of the global demand, while India's national gold demand accounted just for 12.1% of the global demand in the first two quarters of 2009. In these conditions, the World Gold Council expects that the gold demand will continue to increase not only in the form of jewelry demand, which was equivalent to 57% of the total demand, but also due to the intense purchasing of gold bullion and coins, the investment demand being equivalent to an impressive 31% of the total demand. Considering these figures, it is not difficult to notice the impact of this huge demand on gold prices, and it seems reasonable to expect the latter to rise continuously in the future. As such, both gold jewelry and gold bars and coins purchasers opt for buying gold now rather than waiting for disadvantageous higher prices. The gold price seems to stay ahead of the gold demand, rising by 28%, while the latter rose only by 12% during the quarter. Both in India and China, gold prices are on the rise, in the latter, for instance reaching a new record of 8,480 Yuan per ounce.
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« Reply #329 on: December 11, 2010, 02:29:08 PM » |
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« Reply #330 on: December 11, 2010, 02:31:18 PM » |
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« Reply #332 on: December 13, 2010, 10:41:45 AM » |
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Comex Gold firmer on short covering, some fresh safe-haven buying
13 december 2010, by Jim Wyckoff of Kitco News (CommodityOnline) http://www.commodityonline.com/futures-trading/technical/Comex-Gold-firmer-on-short-covering-some-fresh-safe-haven-buying-20506.htmlExcerpt:Bulls' next near-term upside technical objective is to produce a close above strong technical resistance at the all-time high of $1,432.50. Bears' next near-term downside price objective is closing prices below solid technical support at $1,350.00. First resistance is seen at $1,400.00 and then at $1,405.40. Support is seen at $1,385.00 and then at $1,380.00.
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« Reply #333 on: December 13, 2010, 12:20:22 PM » |
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I been wandering for quite some time about the reason for such a hike in the price of gold, I have researched the net to find such relation in history of world conflict, and a little to no movement during the 3 memorable modern war, Vietnam, WWI, and. So the only time when this happened was in 1998 , a few little conflicts but nothing substantial in direct relation to a major conflict, I became puzzled cause you would assume that the demand for gold would be greater during a major conflict . But there have been nothing like the hike we have been witness too in the last year. If you research the net for reasons for the spike in the price, you will get many reasons from the demand to the emerging need for gold in the fabrication of high conductor in the booming electronic market. (How much gold goes into an I-POD?). Somehow I personally can‘t, but see a totally different reason, not based on paranoia but on simple fact.
Now I have been an educated fan of the movement when I saw through the scream and the complaints, and I started seeing the trend. Only when you consider the strategy of the potential one world take over, you can realize the patter and the relation between the new gold rush and the state of the world.
Of course as a peaceful person , I had dream of an Utopian world , with no government , only one blue marble with the same rules of fair laws and that no border = no war ect . Since we are all learning being, I traced this ideal life to a H.G. Well movie, the original "The time Machine”, where the main character ends up in a far future surrounded by pure utopia; “A perfect world”. Well that is when you realized that this utopia came as a price; it wasn't free, the sirens sounded and the Warlock came to claim their cattle.
Back to the gold. I realized that my research didn’t apply to any of the past conflict. Reason why; at no other time, the conflict were intended to take over one’s own land at the detriment of their people . Second all other conflict needed the help of their people support in order to fight their war, and by this they needed their financial support by mean of taxes and war bonds etc. And that is why there is no precedent or direct connection between the gold price and the past conflict in history, unless you go back, way back before the creation of the paper money as we know. Cause paper money sort of empowers people with some idea of personal freedom.
Now we know that the "paper money” is practically no longer, because since it as own by the Federal Reserve. I don’t need to elaborate, you guys actually know this fairly well. So what if the power to be was too reclaim the dept? All of that currency form would be absolute, right? , and since we have been programed to use plastic, we all know that all it would take is the switch turned on in the HHARP system, a simple EMP blast into the ionosphere would erased all of the computer based and tadaaah all of the data would vanish, and you would be left with nothing, since all is store in memory banks .Even easier than this, the world bank only have to pull the switch and hold all funds. We then would be left with only one kind of known currency; the good old gold’
And if you think that people would revolt like in Venezuela, well remember what the FEMA camps are built for. And they realized since the early 1900 that the mass would not fight too long, cause the sheets have been trained, like what the warlock have done in the time machine. Unrest wouldn’t last too long .You got to know by now that we are all terrorist according to their guideline, they are searching our body like criminals just to travel, they are watching us, disarming us, even threw a guy in jail for preparing for the worse, a guy that was framed by his wife, who shop at Wall-Mart, and she learned to spy on her neighbor because she was told so by the good people of the bargain store that sales you mainly Chinese imported goods lol this, I am sure H.G. Well couldn’t have come with this science fiction, but it is reality folks.
For the past 2 to 3 years we have seen commercial on TV about all of these company buying gold and recently even more so, we have seen popping in all of our neighborhood, store that only buy your gold, hey some even advertise that they will even buy your gold tooth (I am not making this up) And not to fall to the so called racist card, all of the store I have visited in my researches were owned by people of the Jewish persuasion, just a coincidence? I don't know. All I know is that if you want to enslave your people you need to take away their autonomy, you do this by taking their freedom (THAT HAS BEEN DONE), their money out of the equation and their free speech, (they are working on this right now), Then you indebt them and finally as a coup de gras; you take their "hard currency " [gold] away. People are selling their gold like there is no tomorrow. I don't blame them, the price is unbelievable, and if they don't sell it, you know that someone will eventually break in their home to dispose of it anyway, at this price people will literally kill for it. In 98 times were good, in 2010 2011 not so good and getting worse.
So what to think of it? Well I would love to hear from your theory, because aside from the NWO potential cause for it, I have no idea what is truly happening. BTW i live in northern Canada where gold is more than abundant, they are finding enough gold to crash the market, but they have put most of the mine in shot down, and physically collapsed some of the mine to stop all production to a crawl. And being from that area, I know that this is common practice, that when they find a major vein, they will do just that, not to deflate the gold market, it is common practice. So, you think and figure it out. Is this part of the master plan?
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« Reply #334 on: December 13, 2010, 06:55:16 PM » |
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Can't believe it Gold is testing $1400 o/z right now! http://www.goldprice.org/spot-gold.htmlWe’ve made Folks Gold at $1400.10 o/z right now! that’s gonne be exciting for a while.
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« Reply #336 on: December 14, 2010, 12:52:58 PM » |
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Gold at $1405.42 o/z new high for now.
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« Reply #337 on: December 14, 2010, 01:36:35 PM » |
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And they think the “mega trend” has definitely arrived for gold: “The gold price is incredibly strong above $1340 and as long as it stays above this level, we could see higher prices. A decline to the $1300 level would take the froth out of the rise, but even then it would only be an 8% decline. The point is, a 10-15% correction would actually be healthy, but times are not normal and we must watch it closely.” What would the Adens’ “mega trend” mean for stocks? It’s grim. They write: “We expect gold to continue higher in the years ahead as its mega rise evolves, [but] stocks probably won’t. At some point, we suspect the rise will stall and it’s quite possible that the sideways action since 2000 could end up being a big top that precedes a huge stock market decline. “Time will tell. But this is a scenario that cannot be ruled out considering the big picture fundamentals, like the debt load and its repercussions in the years ahead.” From: ‘Huge’ stock decline — but not yet http://www.marketwatch.com/story/huge-stock-market-decline-coming-but-not-yet-2010-12-13
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« Reply #338 on: December 16, 2010, 08:40:50 AM » |
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Fly larvae coats itself in gold
http://www.sciencepunk.com/2007/07/fly-larvae-coats-itself-in-gold/
Via BoingBoing: Caddis fly larvae usually form their protective sheaths by spinning silk with sand, minerals, plant particles, and bits of bone they find in their aquatic environments.
French artist Hubert Duprat collects the larvae, carefully strips their shells, and then puts them in aquaria filled with stuff like pearls, rubies, gold, and diamonds.
The larvae make new coverings out of these materials. |
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« Reply #340 on: December 17, 2010, 03:59:16 AM » |
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Gold-dispensing ATM Debuts in South Florida
17 December 2010, (Associated Press) http://www.youtube.com/watch?v=gzb4uQZ9kycNow a mall in super luxe Boca Raton, Florida, is the first in the U.S. to have a gold dispensing machine. (Dec. 17)
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feeditup
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« Reply #341 on: December 17, 2010, 04:10:16 AM » |
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1,470 is a bit high for 1 ounce coin I could see maybe 20 over spot no more.
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Facebook is the Barn of the sheep, time to break in, Tare some f**king wool up
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« Reply #343 on: December 17, 2010, 08:09:03 AM » |
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1,470 is a bit high for 1 ounce coin I could see maybe 20 over spot no more.
I think those days are long gone. Even APMEX is getting ~$60-$100 over spot (depends on the coin and/or any volume discounts) and I don't imagine that anyone is beating that right now. As spot rises, the premiums will rise along with it. |
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« Reply #348 on: December 19, 2010, 08:00:17 PM » |
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Must Read: Oaktree's Take On Gold - Howard Marks Discusses All That Glitters
18 December 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/must-read-oaktrees-take-gold-howard-marks-discusses-all-glittersExcerpt:The topic of Howard Marks' latest letter is gold. The Oaktree Chairman presents one the better comprehensive pieces on the precious metal, laying out both the pros and cons. Presenting the current broad schizophrenia when debating the value of of gold, Marks, in a comparative allegory to 1952 opinion of Noah "Soggy" Sweat on whiskey, Marks states: "I have no doubt: gold is the ideal investment"...yet..."Gold has no financial value other than that which people accord it, and thus it should have no role in a serious investment program. Of this I’m certain." Arguably one of the better two-sided presentations on gold's true value, we are nonetheless surprised that Marks did not reference the opinion of Dylan Grice (and others before him), who analyzes the price of gold in terms of the global monterey supply, which can be read in its entirety here. Nonetheless, as Marks is always one of the most thoughtful observers on markets, this piece is a must read for everyone. All that glitters (pdf): http://www.zerohedge.com/sites/default/files/All%20That%20Glitters.pdf
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« Reply #349 on: December 20, 2010, 01:00:54 PM » |
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Gold Is "Last Man Standing"
20 December 2010, by Prieur du Plessis (Minyanville) http://www.minyanville.com/businessmarkets/articles/gold-investment-invest-in-gold-gold/12/20/2010/id/31775Excerpt:The past week witnessed rather volatile trading in gold bullion as the price declined to the 50-day moving average ($1,369), thereby retracing 62% of its three-week advance from the middle of November to early December. (Read more about Fibonacci retracement numbers here.) It will be very bullish for gold to hold these levels, but failing to do so will cause a decline below the November reaction low of $1,337 to indicate a larger correction. The point-and-figure chart also indicates $1,330 to be a critical support level. (On a point-and-figure chart price movements are combined into either a rising column of X's or a falling column of O's, with each column representing either an uptrend or a downtrend. These charts eliminate the insignificant price movements that often make bar charts appear “noisy,” removing the often misleading effects of time from the analysis process and making it much easier to recognize support/resistance levels.) Considering weekly data, it is shown clearly that gold remains in a very consistent uptrend. Although the lower boundary of the rising price channel indicates support only at $1,240, one should not lose sight of the upper boundary occurring at about $1,155. Once gold has completed its nascent correction, the yellow metal could see a fairly sharp advance. The final words go to Richard Russell, La Jolla-based writer of the 52-year-old Dow Theory Letters: “I'm looking at gold as ‘the last man standing.’ Since gold is pure intrinsic wealth and it is outside the system, it can't go bankrupt and it can't go down to a level of zero value. In [an era] of deleveraging and deflation and slow growth, I'm picking gold as the best safe-haven.
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« Reply #350 on: December 21, 2010, 07:22:23 PM » |
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IMF completes gold sale programme
22 December 2010, by Javier Blas in London (The Financial Times) http://www.ft.com/cms/s/0/2304ebc2-0d5e-11e0-82ff-00144feabdc0.htmlExcerpt:The International Monetary Fund has said that it has completed its large programme of gold sales, removing one of the few bearish elements restraining the bullion market. In a statement released on Tuesday night, the Washington-based IMF said that it had already sold the expected 403.3 tonnes of gold – equal to around 10% of annual demand for bullion – partly through direct sales to central banks, including one large disposal to the central bank of India, and partly on the open market. Gold prices were little changed after the announcement. In late trading in London, bullion traded at $1,385 a troy ounce, up 0.1 per cent from Monday’s last quote. ---- However, in real terms, adjusted by inflation, gold prices are far below the peak set in 1980 of more than $2,300. The completion of the disposals – around one-eighth of the IMF’s total gold reserves – comes slightly ahead of initial expectations, but the IMF has accelerated its selling programme amid record high prices. The conclusion also means that in 2011, barring a surprise sale by any European central banks, governments and other official institutions will be net buyers of gold for the second year in a row. GFMS, the London-based precious metals consultancy, estimates that the official sector was a net buyer in 2010 for the first time in two decades in spite of the sales by the IMF. ---- The consultancy, which compiles benchmark statistics for gold supply and demand, said that central banks would buy about 15 tonnes of bullion on a net basis this year, a situation last seen in 1988. The swing comes on the back of buying by Russia and several Asia-based central banks and the collapse of sales in Europe. The IMF did not disclose how much money it raised, although noted that “all gold sales were at market prices, including direct sales to official holders.” At current prices, the gold sold is worth around $18bn, according to Financial Times calculations. The IMF sold gold directly to the central banks of India – 200 tonnes; Sri Lanka – 10 tonnes; Bangladesh – another 10 tonnes and Mauritius – two tonnes.
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« Reply #352 on: December 21, 2010, 11:47:32 PM » |
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So golds gonna go down to 1200 again right LOL LOL LOL
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« Reply #353 on: December 26, 2010, 03:24:45 AM » |
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“Gold bars stolen at airport Curacao”
22 December 2010, (Hato vault gold prowl) (google trans from Dutch) http://tinyurl.com/2wc5fj2PHILIPSBURG – gold bars with an expected value of 6 million dollars (4,5 million euro) last weekend disappeared from a vault of Swiss airport cargo (cargo aero) at Hato Airport in Curaçao. Gold is measured in troy ounces. This theft is about 4285 troy ounces stolen. The daily price of a troy ounce is currently $ 1400. This means that almost 137 kilos of gold theft concerns. Swissport General Manager Gerhard Goselink Incidentally, no comment, explanation or give details of the theft, while the investigation is in progress. The value of the loot is Goselink confirmed nor denied. Well says the Cargo Company intensively cooperate with the investigation. Swissport has now all airlines, customers and stakeholders informed. From RTLZ Source: (only Dutch) http://www.rtl.nl/%28/financien/rtlz/nieuws/%29/components/financien/rtlz/2010/weken_2010/51/1224_1535_Goudstaven_gestolen_op_vliegveld_Curacao.xmlLocked Maurice Adriaens, director of Curacao Airport, says that those involved believe that this is an inside job goes, "Maybe someone would have locked in the vault because the vault can be opened from the inside. There is no question of tampering by Adriaans or other damage to the outside. But, "says the director," freight trader will be insured. Europe The gold bars were on their way to a South American country to Europe and would be transported to Amsterdam with KLM.
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« Reply #354 on: December 27, 2010, 01:00:28 PM » |
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Copper sets record closing high; gold advances
27 December 2010, by Carla Mozee (MarketWatch) http://www.marketwatch.com/story/copper-sets-record-closing-high-gold-advances-2010-12-27Copper futures notched a fresh record settlement on Monday, extending last week's gain of more than 2%. Copper for March delivery closed at $4.280 a pound, surpassing the previous record of $4.276 a pound that was set last week. Copper on Monday also set a new intraday high at $4.2985 a pound. Elsewhere in the metals market, gold for February delivery closed up $2.40, or 0.2%, at $1,382.90 an ounce.
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« Reply #355 on: December 27, 2010, 08:33:57 PM » |
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« Reply #356 on: December 28, 2010, 06:58:02 PM » |
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Gold hits 3-week high, leads metals higher - Weaker dollar gets factored into move higher for precious metal
28 December 2010, by Deborah Levine (MarketWatch) http://www.marketwatch.com/story/gold-tops-1400-other-metals-follow-higher-2010-12-28Gold futures jumped as much as 1.7% on Tuesday, reclaiming the $1,400-an-ounce level, as the dollar fell against a broad range of currencies. Copper also touched a new record high. Gold for February delivery closed at $1,405.60 an ounce, gaining $22.70 — its biggest one-day rise since early November. It touched $1,407.20 on an intraday basis. Copper for March delivery ended at $4.33 a pound, up 5 cents from Monday. Also Tuesday, silver for March delivery gained $1.07 to $30.27 an ounce. Palladium for March delivery added $20.10 to $787.20 an ounce. The January contract for Platinum rose to $1,751.70 an ounce, up $16.20. ---- Gold hit a record high earlier this year and is up 28% for the year. Silver — a cheaper alternative to gold — has skyrocketed nearly 77%. Copper also has appeal as an industrial metal that tends to benefit from global economic growth. It’s gained 29% this year.
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« Reply #358 on: December 28, 2010, 07:24:06 PM » |
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Gold Price May Rise on U.S.- China Trade War.... Jessop Says Bloomberg Vid http://www.youtube.com/watch?v=ERrk5RDLQ4k
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Letsbereal
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« Reply #359 on: December 29, 2010, 12:43:28 AM » |
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Haven demand for Swiss francs and gold
26 December 2010, by Dave Shellock (The Financial Times) http://www.ft.com/cms/s/0/bd90cb76-12ad-11e0-b4c8-00144feabdc0.htmlExcerpt:Signs that investors were seeking havens came from a record high for the Swiss franc against the dollar and gold’s return above the $1,400 an ounce mark, although US Treasuries suffered substantial losses. Rand soars as gold price rallies
29 December 2010, by Dave Shellock (The Financial Times) http://www.ft.com/cms/s/0/a7c824c8-12ea-11e0-b4c8-00144feabdc0.htmlExcerpt:The South African rand climbed to its highest level against the dollar since December 2007 and hit a four-year peak against the euro as the price of gold rallied to a two-week high above $1,400 an ounce.
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