Yessssss!!!! Gold Always believe in .... Gold, Your indestructible, GOLD!!!

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,631.80 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

Gold prices may hit $10,000 per ounce in 2025
29 July 2011, by Sahit Muja (Just another WordPress.com weblog)
http://sahitmuja.wordpress.com/2011/07/29/gold-prices-may-hit-10000-per-once-in-2025/

Excerpt:

Sahit Muja: Gold prices may hit $10,000 per ounce in 2025.

Global gold production is declining as demand and prices has accelerated.

Albanian Minerals CEO  said “Gold prices may hit $10,000 per ounce in 2025 as global population is expected to increase to 8 billion people.

Gold prices has increase from $35 in 1934 to $1616.80 an ounce in July 28, 2011.

If gold prices increase 50% each year the price of one ounce of gold will be $10,000 dollars.

The gold prices has increase an average 50% each year since 1934.

Gold is the most important monetary currency throughout the world’s history.

Gold production is declining compered with growing demands.

Global gold production was 2500 tonnes in 2010.

[Letsbereal]

Kilo’s Flying Out The Door – Gold Dealers Can Hardly Keep Up With Demand
30 July 2011, (De Standaard)
(google trans from Dutch) http://tinyurl.com/3nzpvr6

[Letsbereal]

New pan Asian gold exchange-On the Edge with Max Keiser-07-29-2011 http://www.youtube.com/watch?v=cU8VoafEb00

[ekimdrachir]

Holy correction, that wont last long though.

[Letsbereal]

Holy correction, that wont last long though.

Yeah, as predicted but the euphoria will be short-lived, like you say cause now the focus will come back on the real issues.

Mr Obama said the agreement will cut about $1tn over 10 years. aahaahahahaahahahha!

This was a red herring.

From: US Politicians Finally Seal A Debt Deal
1 August 2011, (SkyNews)
http://news.sky.com/home/world-news/article/16041031


Also listen to what Jim Rickards has to say on this issue:

Jim Rickards on King World News, Saturday, July 30, 2011 – Audio: http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/30_Jim_Rickards.html

[Letsbereal]

Newcrest Mining Plans to Start West African Gold Exploration Next Quarter
1 August 2011, by Elisabeth Behrmann (Bloomberg)
http://www.bloomberg.com/news/2011-08-01/newcrest-plans-to-start-west-africa-exploration-next-quarter.html

Excerpt:

Newcrest Mining Ltd. (NCM), Australia’s biggest gold producer, said it needs to expand production at the Bonikro site in West Africa to make the unit a viable part of its portfolio of mines.

Exploration to increase Bonikro’s resource base is expected to start from the next quarter, Colin Moorhead, executive general manager of exploration of the Melbourne-based company, said at a conference today in Western Australia. Bonikro, located near Hire, about 250 kilometers (155 miles) northwest of the commercial capital Abidjan, produces about 120,000 ounces of gold a year.

“We’re certainly not there for a 100,000 ounce operation,” Moorhead said. The mine was shut for a number of months starting in December because of political unrest in Ivory Coast.

----

Newcrest produced 2.7 million ounces during the financial year ended June 30 from operations in Australia, Papua New Guinea and Indonesia. The company in June announced it’s selling two of its smaller mines in Australia.

[Letsbereal]

Economic Armageddon: Gold Standard is a MUST – Bob Chapman 1 of 2 http://www.youtube.com/watch?v=RuVuRD0rRCE

Oslo False Flag? Gold & Silver to Double by February? – Bob Chapman 2 of 2 http://www.youtube.com/watch?v=MKYzB6z_yA8

[Letsbereal]

Gold Coins Selling Out in Downtown Lisbon as Biggest Wager Sees 11% Gain
1 August 2011, by Nicholas Larkin (Bloomberg)
http://www.bloomberg.com/news/2011-08-01/gold-coins-selling-out-in-downtown-lisbon-as-biggest-wager-sees-11-gain.html

Excerpt:

Rui Lola says gold sales at his foreign exchange and coin store in downtown Lisbon almost doubled this year, draining inventories faster than he can replace them.

What’s happening at the Mundial Agencia de Cambios in the historic center of the capital underscores the global rush from investors seeking refuge from debt and banking crises. Holdings in exchange-traded products backed by gold reached a record $113 billion July 29, data compiled by Bloomberg show. Rand Refinery Ltd., operating the world’s biggest refining complex east of Johannesburg, is selling the most Krugerrands in almost a year.

Purchases accelerated as Greece was bailed out for a second time, U.S. leaders wrangled over borrowing limits and the cost of insuring against bank defaults hit a six-month high. While George Soros sold most of his gold in the first quarter, a year after calling it the “ultimate asset bubble,” John Paulson, who made $15 billion betting against subprime mortgages, remains the biggest investor in the largest ETP backed by bullion.

“The top of the bubble will be euphoric action, a big accelerated price move, and that’s just not the case at the moment,” said Charles Morris, who oversees $2.5 billion at HSBC Global Asset Management in London. “I would expect it to be a very popular asset at its peak, and I don’t think we’re anywhere near that. We think it’s a bull market and we’re on it.”

[Letsbereal]

Greek central bank lifts gold reserves further
1 August 2011, by Rhiannon Hoyle - London (MarketWatch)
http://www.marketwatch.com/story/greek-central-bank-lifts-gold-reserves-further-2011-08-01

Excerpt:

The central bank of Greece added further to its gold reserves in June, lifting its holdings by 1,000 troy ounces for a second consecutive month.

According to the International Monetary Fund, the country increased its reserves to 3.585 million ounces in June, from 3.584 million ounces in May and 3.583 million ounces in April.

The debt crisis in Greece and other euro-zone nations like Portugal had led to speculation among market participants and observers over whether Europe's debt-laden countries may move to liquidate their gold holdings in order to raise cash.

However, accounting for the recent small increase in reserves, a spokeswoman for the central bank recently told Dow Jones: "The Bank of Greece buys and sells gold coins, so there is a small fluctuation in its gold holdings from month to month."

Greece's gold reserves are down slightly from the 3.601 million ounces held in May last year after the central bank sold a small amount of its holdings in mid- to late-2010.

[Letsbereal]

Record gold prices loom despite debt deal relief
1 August 2011, by David Fickling - Kalgoorlie, Australia (MarketWatch)
http://www.marketwatch.com/story/record-gold-prices-loom-despite-debt-deal-relief-2011-08-01-117560

Excerpt:

Australia's gold industry expects the price of the precious metal to reach new highs even after fraught negotiations over raising the U.S. debt ceiling spiked interest in the commodity as investors searched for less risky assets.

[Letsbereal]

The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher
1 August 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/imminent-25-trillion-debt-ceiling-hike-will-unleash-gold-price-surge-1950-and-higher

[Letsbereal]

Revision: Gold All Time High At $1,632.80 oz on July 29


Gold May Advance to Near Record as Slower Factory Growth Increases Demand
2 August 2011, by Glenys Sim (Bloomberg)
http://www.bloomberg.com/news/2011-08-02/gold-may-advance-to-near-record-as-slower-factory-growth-increases-demand.html

Excerpt:

Gold may advance toward a record as concern that global economic growth may be slowing overshadowed a U.S. debt deal reached in time to avert a default, spurring demand for wealth protection.

Immediate-delivery gold, which reached an all-time high of $1,632.80 an ounce on July 29, was little changed at $1,619.60 at 9:48 a.m. in Singapore after losing 0.6% yesterday. Holdings in exchange-traded products rose to 2,153.574 metric tons yesterday, the highest level ever, Bloomberg data show.

Manufacturing indexes from the U.S. to Europe and China declined in July, raising concern that the global recovery is losing momentum. Still, spot gold declined for the first time in three days yesterday after the House of Representatives passed the measure to raise the U.S. debt limit by at least $2.1 trillion and cut federal spending by $2.4 trillion or more. The plan goes to the Senate for a final vote today.

“Increasing the debt ceiling is not going to make the debt go away, while the debt problems in Europe aren’t going to be resolved overnight, and we’re seeing all these getting reflected in the weaker economic numbers,” said Zhang Yingying, an analyst at Galaxy Futures Co., a brokerage that’s 16.7% owned by the Royal Bank of Scotland Group Plc.

[Letsbereal]

South Korea bolsters gold reserves
2 August 2011, by Christian Oliver in Seoul (The Financial Times)
http://www.ft.com/intl/cms/s/0/1e536470-bcc0-11e0-adac-00144feabdc0.html

Excerpt:

South Korea, holder of the world’s seventh-biggest foreign-exchange reserves, has increased the value of gold in its reserves 17-fold over the past two months in an attempt to reduce its reliance on assets denominated in US dollars and other currencies.

The Bank of Korea said on Tuesday that it had purchased 25 tonnes of gold – worth $1.24bn – in its first acquisition of the precious metal since the Asian financial crisis in 1997-1998, when Korean citizens donated gold jewellery to the bank to help the nation through a period of economic emergency.

The 25 tonnes join the 14.4 tonnes it already holds in London in the vaults of the Bank of England. In Korea’s reserve statements, the 14.4 tonnes are listed at their historical value of only $80m.

----

The Bank of Korea said it had not bought the metal on the spot market but had acquired it through a broker over the past two months using a series of forward contracts that were settled in July.

Even after this big investment, South Korea’s gold holdings still only represent 0.4% of its reserves. Any further steps towards global norms could have a bullish effect on global gold prices.

According to the World Gold Council, governments hold an average of 10% of foreign exchange reserves in gold. Larger economies such as the US, France and Germany hold more than 50%.

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,635.10 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

James Turk - Wave of Asian Buying to Crush Gold Short
2 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/2_James_Turk_-_Wave_of_Asian_Buying_to_Crush_Gold_Shorts.html

With gold holding above $1,600, today King World News interviewed James Turk. When asked about the action in the metals Turk stated, “Anyway you look at it, Eric, today was a big day for the precious metals.  Both gold and silver came screaming back from the low made just before the London PM fix. Here's what I think happened.  

After a weak start in Asia, both gold and silver then began to climb steadily despite the announcement of a deal on the US debt limit. I think that this strength in the metals may have worried the shorts.  So before the London PM fix, gold was taken down in what looked to me like a blatant attempt to 'paint the tape' with a low price on the fix. However, it didn't work out that way.”

“There was strong physical demand under the market waiting to buy on setbacks like that one. So the PM fix actually came in at $1623, some $10 higher than the morning fix. Gold and silver then kept climbing higher when the lousy manufacturing report was released. The economic data continues to worsen, meaning there will be more money printing from the Federal Reserve, which of course is bullish for the precious metals. So gold jumped to $1630 and silver to $40.

It would have been icing on the cake if the metals finally blew through these levels and kept climbing. Even though it didn't happen today, both metals made a good effort. Gold was probing resistance at $1630 for more than an hour, but the shorts won this battle. So the metals were weak on the close as a result of this minor disappointment that caused some short-term traders to dump what they bought earlier in the day.  

Nevertheless, gold and silver look ready to resume their upward climb. I am still expecting some upside fireworks this summer. Gold climbed $125 last month, which is 8%. Silver jumped 15%. The big summer rally we have been expecting and talking about is underway.  Another 8% will put gold at $1750, which is getting close to my longstanding target of $1800....

“It is very important that demand in Asia for physical metal has reappeared. I continue to be amazed how the Asian buying adjust so quickly to the rising gold price. Clearly people are worried about the train leaving the station without them, so demand for physical metal adjusts quickly to the reality of higher prices. After all, what would you rather own - gold or the dollar?”

When asked about the dollar Turk responded, “Every dog has its day, and that was the case for the dollar today. The Fed probably made phone calls to some friends and asked for help. The dollar was clearly on the ropes last week, and was lucky to make it to the bell when the markets closed Friday. Anyway, the dollar today again pulled back from the precipice, which has become part of the recurring pattern in recent months. The other part is the dollar bounces for a day or two, and then moves sideways until the next bout of selling.

You have to remember Eric that the commercials have a massive short position in gold that is severely underwater. What the commercials try to do is trade for short-term gains while the longer-term positions go against them as gold climbs relentlessly higher. They have this done for over 10 years, so this is nothing new to them. What they (the commercials) fear is the strong physical buying coming out of Asia because they are powerless to fight that tidal wave.”  

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,639.40 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,640.50 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[TahoeBlue]

Swiss franc (backed by swiss gold?) continues it's rise.....

FXF - Swiss Franc against USD:

http://etfdb.com/etf/FXF/charts/
http://etfdb.com/etf/FXF/charts/redraw/LINE/TimeFrame/1y/#LINE

FXF now 128+ (never been higher?) and look at the volumes: ~4 million = 500 Million Dollars traded

[CheneysWorstNightmare]

WOW!

[CheneysWorstNightmare]

Just dropped to about $1649.

[CheneysWorstNightmare]

Went up 10 bucks in an hour.

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,658.60 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,661.38 oz http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Femacamper]

You know what to do, people.

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,672.53 oz http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,675.90 oz http://www.marketwatch.com/story/gold-futures-extend-climb-into-record-territory-2011-08-03

http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

Comex Gold Powers to Another All-Time High on Strong Safe-Haven Demand
3 August 2011, (Kitco News)
http://blogs.forbes.com/kitconews/2011/08/03/comex-gold-powers-to-another-all-time-high-on-strong-safe-haven-demand/

Excerpt:

Bulls’ next near-term upside technical objective is to produce a close above major psychological resistance at $1,700.00.

Bears’ next near-term downside price objective is closing prices below solid technical support at $1,610.00.

First resistance is seen at Wednesday’s record high of $1,675.90 oz and then at $1,700.00.

[Letsbereal]

MY GOLD STATUS REPORT:

- Japan doing bond buy ups QE

- UK Extanding it’s QE program

- Europe ready for bond buy ups QE

- US probaly starting with QEIII or Quote Bernankesan: “Untested Stimulus On Table If Necessary”

Bullish for Silver & Gold

[Femacamper]

Comex Gold Powers to Another All-Time High on Strong Safe-Haven Demand
3 August 2011, (Kitco News)
http://blogs.forbes.com/kitconews/2011/08/03/comex-gold-powers-to-another-all-time-high-on-strong-safe-haven-demand/

Excerpt:

Bulls’ next near-term upside technical objective is to produce a close above major psychological resistance at $1,700.00.

Bears’ next near-term downside price objective is closing prices below solid technical support at $1,610.00.

First resistance is seen at Wednesday’s record high of $1,675.90 oz and then at $1,700.00.

MOAR!!!

[lovkarpin]

hahaha, wtf is going on atm with the shortings on Silver and Gold... is this some kind of sick joke ?

This game is so rigged.

"As expected, the massive global rout is shifting to the best performing asset: gold, which courtesy of pervasive repo desk margin calls (which are merely trying to preserve capital for their TBTF holding companies) is seeing liquidations to satisfy collateral margin requirements. It will be interesting if the only real dip worth buying will see buyers come out of the woodwork or if gold will proceed to plunge alongside everything else."
http://www.zerohedge.com/news/margin-calls-force-start-gold-liquidation

[CheneysWorstNightmare]

Snowball is rollin.

[supermegaman]

Just a warning to those putting faith in gold.  You know the time is almost here.  You can feel it in your bones. Put your faith in Christ Jesus!  Before it's too late!

Ezekiel 7:10-

"The day is here! It has come! Doom has burst forth, the rod has budded, arrogance has blossomed!
Violence has grown into a rod to punish wickedness; none of the people will be left, none of that crowd--no wealth, nothing of value.
The time has come, the day has arrived. Let not the buyer rejoice nor the seller grieve, for wrath is upon the whole crowd.
The seller will not recover the land he has sold as long as both of them live, for the vision concerning the whole crowd will not be reversed. Because of their sins, not one of them will preserve his life.
Though they blow the trumpet and get everything ready, no one will go into battle, for my wrath is upon the whole crowd.
"Outside is the sword, inside are plague and famine; those in the country will die by the sword, and those in the city will be devoured by famine and plague.
All who survive and escape will be in the mountains, moaning like doves of the valleys, each because of his sins.
Every hand will go limp, and every knee will become as weak as water.
They will put on sackcloth and be clothed with terror. Their faces will be covered with shame and their heads will be shaved.
They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the LORD's wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin.
They were proud of their beautiful jewelry and used it to make their detestable idols and vile images. Therefore I will turn these into an unclean thing for them.
I will hand it all over as plunder to foreigners and as loot to the wicked of the earth, and they will defile it.
I will turn my face away from them, and they will desecrate my treasured place; robbers will enter it and desecrate it.
"Prepare chains, because the land is full of bloodshed and the city is full of violence.
I will bring the most wicked of the nations to take possession of their houses; I will put an end to the pride of the mighty, and their sanctuaries will be desecrated.
When terror comes, they will seek peace, but there will be none.
Calamity upon calamity will come, and rumor upon rumor. They will try to get a vision from the prophet; the teaching of the law by the priest will be lost, as will the counsel of the elders.
The king will mourn, the prince will be clothed with despair, and the hands of the people of the land will tremble. I will deal with them according to their conduct, and by their own standards I will judge them. Then they will know that I am the LORD."

[CheneysWorstNightmare]

Just a warning to those putting faith in gold.  You know the time is almost here.  You can feel it in your bones. Put your faith in Christ Jesus!  Before it's too late!

Ezekiel 7:10-

Ya, man.  I still love Jesus.  But I know gold and silver will help me when the dollar dies.

Those that don't believe in Jesus and have no gold are the ones who are royally screwed.

[Brocke]

Comex Gold Soars to Record high of $1,697.70 in early Sunday Evening Trade, as Crude Oil, U.S. Stock Indexes Plummet

07 August 2011, 06:26 p.m.
By Jim Wyckoff
Of Kitco News

http://www.kitco.com/

(Kitco News) -The early sentiment from the market place is not good following the late-Friday Standard & Poors downgrade of the U.S. credit rating and the latest pronouncements from European Union officials Sunday, regarding their own more serious debt situation. December Comex gold futures soared to a fresh all-time record high of $1,697.70 in early Sunday evening trading, up over $40.00 an ounce from Friday's close, while Dow futures were down over 300 points and crude oil prices were $2.80 a barrel lower, trading around $84.00 a barrel, basis September Nymex futures. The U.S. dollar index was only modestly lower in very early dealings Sunday. While it's still very early in the week's trading activity and many markets have not even opened for electronic trading, there is an ominous early tone to upcoming price action in the market place Monday.
http://www.kitco.com/reports/KitcoNews20110807JW_goldspecial.html


Get ready for Monday guys...here in Aus it's volitile.

Australian sharemarket plunges on US credit rating downgrade

    Scott Murdoch
    From: The Australian
    August 08, 2011 10:27AM

THE Australian stockmarket plunged at today's open, as global investors reacted to Standard & Poor's move to downgrade the US sovereign credit rating.

The S&P/ASX 200 has opened down by 84.1 points (2.1 per cent), taking the local market to its lowest level since July 2009, a two-year low.

The negative start follows the horror run on the domestic market last week, when $100 billion was wiped from the value of Australian shares.

Today's selling has been broad-based, but the major Australian retail banks and Macquarie are under pressure again.

In Japan, the Nikkei index is trading down by 1.4 per cent.

The Australian dollar has been volatile and is trading at $US1.0405.

The Australian and Asian stockmarkets are the first to trade since S&P announced late on Friday night, after Wall Street had closed, that it would reduce the US rating for the first time in 70 years.
http://www.theaustralian.com.au/business/markets/australian-sharemarket-plunges-on-us-credit-rating-downgrade/story-e6frg916-1226110799646

ASX chart
http://www.asx.com.au/asx/widget/chart.do?asxCode=XJO&type=INDEX&popup=true

[CheneysWorstNightmare]

Jim Sinclair interviews James Turk.

http://www.youtube.com/watch?v=IF24atvNkSo&feature=player_embedded

[CheneysWorstNightmare]

PM wizard Jim Sinclair had said that gold would go parabolic once it hits $1764.

We are in interesting days indeed.

[tritonman]

1767.43

Thar she goes folks.  Time will tell how true this prediction is now.

[adissenter2]

 GOLD    08/09/2011    00:08    1766.30    1767.30    +49.10   +2.86%

kaboom!  is it happening?

[tritonman]

Would you believe?
1770.61