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

[Letsbereal]

Global Demand for Gold & Silver at Unprecedented Levels
9 Oktober 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/9_Global_Demand_for_Gold_%26_Silver_at_Unprecedented_Levels.html

[Letsbereal]

KWN Weekly Metals Wrap  8 Oktober 2011 (King World News) - Audio
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/8_KWN_Weekly_Metals_Wrap.html

[Letsbereal]

Jim Rickards – Who’s the Sucker at the Global Gold Poker Table?
8 Oktober 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/8_Jim_Rickards_-_Whos_the_Sucker_at_the_Global_Gold_Poker_Table.html

Max Keiser: “If you don’t know who the chump is at the poker table you’re the chump!”

Jim Rickards Sunday, October 9, 2011 – Audio http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/9_Jim_Rickards.html

Rickards - People Should be Arrested & Gold Headed to $2,000
10 Oktober 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/10_Rickards_-_People_Should_be_Arrested_%26_Gold_Headed_to_$2,000.html

[Letsbereal]

Gold back at 1,670-ties level now http://www.goldprice.org/spot-gold.html

GOLD ALL TIME HIGHS' HISTORY – From September 26, 2011 Bottom at $1,536 oz

April 28, 2011 – $1,535.90 oz (for now) – $1,537.40 oz
April 29, 2011 – $1,569.30 oz
May 02, 2011 – $1,577.40 oz
July 13, 2011 – $1,594.90 oz
July 17, 2011 – $1,598.60 oz
July 18, 2011 – $1,607.90 oz
July 19, 2011 – $1,609.55 oz
July 24, 2011 – $1,622.99 oz
July 25, 2011 – $1,624.30 oz
July 27, 2011 – $1,627.73 oz
July 29, 2011 – $1,631.80 oz
Aug 01, 2011 – $1,632.80 oz
Aug 02, 2011 – $1,661.38 oz
Aug 03, 2011 – $1,675.90 oz
—————————— Now at this level
Aug 09, 2011 – $1,782.50 oz
Aug 10, 2011 – $1,814.80 oz
Aug 11, 2011 – $1,815.50 oz
Aug 18, 2011 – $1,845.30 oz
Aug 19, 2011 – $1,881.40 oz
Aug 22, 2011 – $1,911.52 oz
Aug 23, 2011 – $1,913.50 oz

[Letsbereal]

Gold back at 1,680-ties level now http://www.goldprice.org/spot-gold.html

GOLD ALL TIME HIGHS' HISTORY – From September 26, 2011 Bottom at $1,536 oz

April 28, 2011 – $1,536 oz (for now) – $1,537 oz
April 29, 2011 – $1,569 oz
May 02, 2011 – $1,577 oz
July 13, 2011 – $1,595 oz
July 17, 2011 – $1,599 oz
July 18, 2011 – $1,609 oz
July 19, 2011 – $1,610 oz
July 24, 2011 – $1,623 oz
July 25, 2011 – $1,624 oz
July 27, 2011 – $1,628 oz
July 29, 2011 – $1,632 oz
Aug 01, 2011 – $1,633 oz
Aug 02, 2011 – $1,661 oz
Aug 03, 2011 – $1,676 oz
—————————— Now at this level
Aug 09, 2011 – $1,783 oz
Aug 10, 2011 – $1,815 oz
Aug 11, 2011 – $1,816 oz
Aug 18, 2011 – $1,845 oz
Aug 19, 2011 – $1,881 oz
Aug 22, 2011 – $1,912 oz
Aug 23, 2011 – $1,914 oz

* Figures rounded on 0 decimal from 2 decimal figures behind the dot.

[ekimdrachir]

OH yeah, gold and silver are on the rise this week, theres no keeping them down!! Look at those sharp inclines, thats no mistake.

[Jordan]

Sharp lncline? Still waiting and almost looks like a bounce.

[Brocke]

When 5 Year Gold shows an increase of more than 200% a fall of 13.041% ($1895 to $1663) is just a small bump in the road.

[Jordan]

When 5 Year Gold shows an increase of more than 200% a fall of 13.041% ($1895 to $1663) is just a small bump in the road.

It's more like 10 years, and that "small bump in the road" is exactly my point. Really I was talking to ekimdrachir's comment about this week being a strong week, it wasn't and it's still not and there's still potential the chart (short term) that could easily turn down. Not that it's a bad thing, I'd rather have it recurse some for a while before it really does take off. Because you can still see they have plenty of strength left to force it down yet again.

I personally just like getting lower pricing and have nothing against hedging, but at least tell it like it really is.

[ekimdrachir]

Compared to last week it is, if you look at the trades the incline is getting sharper and sharper-- before they knock it down. It feels like they just can't get it to stabilize where they want it, its pushing 32 today, this is Silver's new bottom. 15 is a thing of the past, and 25 is way too cheap still. I'm having people on Kijiji offer all their silver for 50 now. That's what JP settled at around last January, thats where its headed again. This drop to 30 is Just a small bump in the road though, on its way to the moon.

[ekimdrachir]

Today Silver's at 32.50 and Gold is up to 1675 from just under 1668. You have to watch both as well as the Markets and Comodities, to see what's happening.

[Jordan]

Today Silver's at 32.50 and Gold is up to 1675 from just under 1668. You have to watch both as well as the Markets and Comodities, to see what's happening.

I do ekimdrachir - I pay for the data feeds so I can do just that, in real time. Prices go up and down all day long, closing is what counts. Right now it's lower then when it opened and is very close to passing where it closed yesterday. That would be a down day IF it happens. But like I said it's moving more sideways then up right now, and of course that will change at some point in time.

[ekimdrachir]

I believe you Jordan.

Ooooh, Gold just closed at 1666.60 LOL

[Letsbereal]

Gold is constantly attacked but still resilient

Seems that the Bizarro PPT is trying to keep gold between this level:

GOLD ALL TIME HIGHS' HISTORY

Aug 03, 2011 – $1,676 oz
—————————— Now at this level
Aug 09, 2011 – $1,783 oz

[Letsbereal]

Gold To Top $2,000 On Central Bank Buying: Bloomberg Chart Of The Day
14 October 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/gold-top-2000-central-bank-buying-bloomberg-chart-day

[Letsbereal]

Lindsey Williams says that the elite is keeping Gold and Silver lower deliberately cause they are on a buying frenzy

Lindsey Williams on Jeff Rense, 13 October 2011 http://www.youtube.com/watch?v=wECw1i_15v0

Lindsey Williams & Chris Waltzek – Oct. 11, 2011 http://www.youtube.com/watch?v=AAidGc-x0G4

[africknamerican]

When 5 Year Gold shows an increase of more than 200% a fall of 13.041% ($1895 to $1663) is just a small bump in the road.

I used to be in selling long-term energy contracts. We used to show the prospects a chart exactly like that one, using the assumption that an upward trend will continue indefinitely -- the message being, "you'd better buy now!"

The people who bought our 5-year natural gas supply at all-time highs right before a total crash in 2008 -- who, for the last two years have been paying 300% more than they should have -- are now cursing the day they signed with us.

By the way, I quit that business once it became apparent that I was being used scam people.

Aside from the question of ever-escalating value in commodities (which in every single historical instance, has been wrong), I'm skeptical about the value of gold as money. As others have pointed out, once that expected economic calamity comes, you can't eat, wear, live in, drink, or smoke gold. In the wake of an economic collapse, small farmers and households and shops who need to trade with each other are not going to be able to take your gold bullion anyway. The majority of people will want a familiar currency of which they have some idea of its value in labor or in other commodities. If you have coins, weighing and assaying them will prove too time-consuming.

Anything is money as long as it's generally accepted in trade. As heretical as it sounds to the hardcore Austrians, that's the facts!

If people accept pyrite in exchange, then pyrite is money. Same for cigarettes, beads, seashells. If they accept paper debt-currency made by the Federal Reserve, then those too are money. Show me one gold promoter who does not gladly accept, deposit, and spend, Federal Reserve currency.

It's not the best money since it is manipulated by forces not answerable to the people. But it is money. As far as national currency needs are concerned, the real issue with the dollar is to put the currency back under the control of an entity that is publicly accountable.

If people feel that this is still too much obeisance to the state, then I guess all money, including gold and silver, ultimately has that problem, since all metallic money historically was standardized and stamped by kings, and the custom of trading in metallic monies goes back to pagan temples.

[Letsbereal]

Anything is money as long as it's generally accepted in trade. As heretical as it sounds to the hardcore Austrians, that's the facts!

If people accept pyrite in exchange, then pyrite is money. Same for cigarettes, beads, seashells.

I experienced that myself in Roemenia were I was just after Chaushesku's fall were people used Marlboro cigarettes as payment to the dentist or whatever.

People would stop me constantly to ask me for western cigarettes and since it was practicaly impossible for me to fulfill all of their demands I would offer them one of them own which taste like smokin washing powder to see the disappointment on their faces.

But Marlboro's were hard to come by in Roemenia in those days so it's true to a certain degree cause seashells won't do if they are used as money in an area were seashells are abundent. And Gold Silver have been accepted as money for thousands of years so beat seashells historically speakin.

[ekimdrachir]

No matter what they do they cant stop Gold from going UUUUUUUP!!!!

[Letsbereal]

Bob Chapman - The Sovereign Economist - 13 Oct 2011 http://www.youtube.com/watch?v=kmoj55sXxq4


Bob Chapman - Financial Survival - 14 Oct 2011 http://www.youtube.com/watch?v=jh32af7doTU

[Letsbereal]

California leads the way in gold and silver sales on eBay
14 October 2011, by Michael Allan McCrae (Mining.com)
http://www.mining.com/2011/10/14/california-leads-the-way-in-gold-and-silver-sales-on-ebay/?utm_source=digest-en-mining-111014

After launching its eBay bullion center in May, the online retailer published a handy infographic this summer to look at buying trends.

Looking at absolute number of items sold, California leads the way, probably due to the size of the state, but on a per capita basis, Alaska comes first.

The study also found that silver items were the most popular, followed by gold. Platinum was a distant third.

The bullion center was profiled by CommodityOnline, which found that gold prices were a bit lower on eBay than on Kitco or on BullionVault, the other two online bullion sellers.

According to eBay spokesperson Todd Witkemper, economic volatility has been good for the new service.

“In line with recent economic activity, the Bullion Center has seen significant increases in activity as well,” Witkemper told CommodityOnline.

[Letsbereal]

Gold mines in the spotlight
15 October 2011, (The Telegraph)
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8829297/Gold-mines-in-the-spotlight.html

Efforts to extract the yellow metal continue to grab the headlines. Here are a few of the sites currently getting attention.



Cononish

More than 140 years after the last British gold rush, at Kildonan in Sutherland, prospectors are hoping to strike lucky in Scotland. Negotiations are continuing to reopen a mine in the Loch Lomond and the Trossachs National Park.

Planners have said that proposals to extract gold and silver from the underground mine in Cononish Glen near Tyndrum should be approved. The development was turned down by the National Park Authority board last year amid concerns the mine would spoil the look of the beauty spot, overlooked by Ben Lui, which is scaled by up to 15,000 climbers a year.

Olympic Dam

BHP Billiton is planning turn its existing mining operation some 560km (350 miles) north of Adelaide, Australia, into the world's biggest open cast mine – a site so vast that it is expected to affect local weather patterns.

The expanded site would exploit its uranium, which represents more than a third of the world's known deposits, to take its place as the world's biggest uranium mine. But it also boasts the world’s fifth largest gold deposits – not to be sniffed at.

Mother Lode

Companies say large-scale mining has become viable again in the “Golden State”, California. The metal was first discovered in the state in 1848 by James Marshall, a carpenter, at Sutter's Mill.

Mining for gold in the state largely dried up after the Second World War. But next year, for the first time since the 1950s, the main gold mining area, known as the California Mother Lode, will have a commercially operated mine producing gold bars. The reopened Lincoln Mine, near the historic Highway 49, is expected to extract 1,800 ounces of gold each month.

Grasberg

This huge Indonesian complex, one of the world's biggest gold mines, is in the limelight for all the wrong reasons as it struggles with strike action. More than 8,000 of the 23,000 workers at the mine, owned by US company Freeport McMoRan, have been striking for weeks as they demand significant wage increases.

They say they are the lowest paid Freeport workers in the world, earning between $1.50 (95p) and $3.50 an hour. News out of the giant complex worsened on Saturday as police reported that three contract workers brought in keep production going have been shot dead in am ambush. It was not immediately clear whether the violence was linked to the strike dispute.

[Letsbereal]

Mining giant sparks Europe's new gold rush
15 October 2011, by Andrew Cave, Rosia Montana, Romania (The Telegraph)
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8829191/Mining-giant-sparks-Europes-new-gold-rush.html

The river runs red in Rosia Montana. The rouge-coloured run-off of zinc, iron, arsenic and other sulphides from nearly 2,000 years of gold mining make the waterway in Romania’s Transylvanian mountains live up to the area’s name, which means red mountain in Romanian.

[Letsbereal]

Gold found in Swiss Alps
8 October 2011, (planetski)
http://www.planetski.eu/news/3156



A large nugget has been found by a hiker in the ski resort of Crans-Montana.

It is thought to be the largest nugget ever discovered in The Alps.

The location of where it was found is being kept secret.

A German man, who wished to reman anonymous, found the nugget as he walked along the River Tièche.

The man says that he made his discovery 'quite by chance' during a hike along the banks of the river.

He has had it assessed by experts and it is real.

It has a diameter of 7 centimetres (2.76 inches), is 3.5 cm (1.3 inches) thick and weighs 128.5 grams (4.5 ounces).

No value has yet been put on it and experts are now examining the find.

The Crans-Montana tourist office says it is surprised by the size and weight of the nugget.

The area has not been known to contain gold, in the past it has been discovered in the north of the country, and now the news is out it is thought others might soon start looking.

Local authorities are concerned it might produce a gold rush as fortune seekers descend on the area.

"The exact location where the nugget was found will not be revealed for environmental and safety reasons.

This should protect Crans-Montana and surrounding areas against excessive crowds of gold-seekers.

Thank you very much for your understanding," said a statement we have been sent by the local Tourist Office.



btw Heavy snow has fallen in many parts of The Alps.

For some ski resorts it is the first big fall of the coming season though of course much of it will melt.

In the meantime lets enjoy it and think of things to come. Welcome to winter. http://www.planetski.eu/news/3157

Another La Niña winter in USA http://www.planetski.eu/news/3147

[Jordan]

That's about 7k in his hand.

[Letsbereal]

Hong Kong starts trading gold in renminbi
17 October 2011, by Nick Ferguson (Finance Asia)
http://www.financeasia.com/News/276911,hong-kong-starts-trading-gold-in-renminbi.aspx

Excerpt:

Depositors in Hong Kong can now convert their idle renminbi deposits into gold.

Hong Kong’s Chinese Gold & Silver Exchange Society officially starts trading gold denominated in renminbi today, in a bid to attract the HK$600 billion of Chinese currency sitting on deposit in the city’s banks.

Haywood Cheung, president of the 101-year-old bullion exchange, said the so-called Renminbi Kilobar Gold contracts could boost trading volumes by up to 30%, or HK$40 billion a day, during the next six months.

Growth has already been strong this year, with average daily electronic transactions reaching HK$136 billion after a full-year average of just HK$31 billion in 2010.

“By attracting both local and international investors, the Renminbi Kilobar Gold is a significant step towards internationalising the renminbi,” said Cheung.

“It also consolidates Hong Kong’s position as an offshore renminbi centre by providing investors with a new alternative in leveraged trading of renminbi.”

[Letsbereal]

Jim Rickards - New Buyers Entering the Gold Market
16 October 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/16_Jim_Rickards_-_New_Buyers_Entering_the_Gold_Market.html

Jim Rickards - Sunday, October 16, 2011 – Audio http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/16_Jim_Rickards.html

[Letsbereal]

Holmes Says Gold Prices May Double Over Next Five Years http://www.youtube.com/watch?v=KdODw4k8FpE

Oct. 18 (Bloomberg) -- Frank Holmes, chief executive officer of U.S. Global Investors Inc., talks about the outlook for gold prices and his investment strategy.

He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)


Yeah Sherlock, that’s right! Also See:

China retail speculation adds risks to gold price by Wei Gu http://blogs.reuters.com/columns/2009/10/09/china-retail-speculation-adds-risks-to-gold-price-2/

Gold may fall to $1450 on wedge and decreasing volume http://www.commodityonline.com/news/Gold-may-fall-to-$1450-on-wedge-and-decreasing-volume-43037-3-1.html

Barclays: Gold Q4 to average $1875; move till $1300 acceptable http://www.commodityonline.com/news/Barclays-Gold-Q4-to-average-$1875;-move-till-$1300-acceptable-43049-3-1.html

Capital Economics: gold at $2,500 and silver at $46 by 2013 http://blogs.marketwatch.com/thetell/2011/10/18/capital-economics-gold-at-2500-and-silver-at-46-by-2013/

‘India’s 200 tons gold buying did not affect global prices’ http://www.commodityonline.com/news/Indias-200-tons-gold-buying-did-not-affect-global-prices-43055-3-1.html

[Letsbereal]

Gold prices to crash to $1000 in April-May 2012: John Taylor
20 October 2011, by John Taylor - New York (CommodityOnline)
http://www.commodityonline.com/news/Gold-prices-to-crash-to-$1000-in-April-May-2012-John-Taylor-43106-3-1.html

Gold price is expected to reach $1800 in November, top out and then fall to $1000-$1200 by April or May providing a big buying opportunity, says John Taylor of FX Concepts LLC.

John Taylor is the founder of FX Concepts LLC, the largest currency hedge fund in the world and had earlier predicted in July that gold will reach $1900/oz. Gold prices had rallied from $1500/oz in July to $1900/oz in Aug-Sept. However, prices have since crashed and gold is now trading at around $1625.

He however pegs gold to reach $1800 by November next month.

November “looks to us like a cyclical high for risk and for us that would be almost a perfect time for Gold to have its cycle peak. Then it’s going to be weak after that. That sort of fits in with our forecast which is really negative for the economy next year”, Bloomberg quoted Taylor

On his prediction of gold reaching $1000-$1200 in April-May, Taylor says“I think it’s probably a big buy.

There’s nothing to stop it from going up. Monetary systems are grotesquely screwed up, especially in Europe and also in the U.S. There’s going to be an awful lot of confusion going on for the next decade.”

[Letsbereal]

ETF Securities Holdings of Precious Metals for Oct. 20
20 October 2011, by Stephen Rose (Bloomberg)
http://www.bloomberg.com/news/2011-10-20/etf-securities-holdings-of-precious-metals-for-oct-20-table-.html

[Freeski]

I hope gold goes to $200 so I can actually buy some!

[Jordan]

I hope gold goes to $200 so I can actually buy some!

Maybe 1400

[Letsbereal]

US Money Supply Surges Surges 33% in 4 Months - Gold To Follow?
21 October 2011, by Gold Core (Zero Hedge)
http://www.zerohedge.com/news/us-money-supply-surges-surges-33-4-months-gold-follow

US Money Supply Surges Surges 33% in 4 Months – Global Money Supply to Lead to Gold $10,000/oz?

[Freeski]

If you can't afford gold, what do you do with your cash?

[Letsbereal]

If you can't afford gold, what do you do with your cash?

I don't have any but if I had I would buy silver.

You know what they say: “Silver is the poor man's gold” and that's true.

[Letsbereal]

London Trader - China Bought Massive Amount of Gold Today
21 October 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/21_London_Trader_-_China_Bought_Massive_Amount_of_Gold_Today.html

Excerpt:
 
“The price discount in gold is the most welcome thing to the entire Eastern Hemisphere. 

The Chinese are buying very relentlessly because they know what is going to happen. 

We had a major, major physical buy order today. 

The Chinese bought a massive amount of physical today at the lows.”

[Letsbereal]

Jim Rickards - Western Gold Policy Threat to National Security
21 October 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/21_Jim_Rickards_-_Western_Gold_Policy_Threat_to_National_Security.html

“So every time the market smashes gold I say, ‘Thank you’ because I just buy more at a better level.” 

[Letsbereal]

Over one in ten Brits have a gold stash worth more than what they have in the bank
19 October 2011, by Frik Els (Mining)
http://www.mining.com/2011/10/19/over-one-in-ten-brits-have-a-gold-stash-worth-more-than-what-they-have-in-the-bank/

Excerpt:

According to a new survey by esure home insurance British distrust of banks and savings accounts has increased to such an extent that more than one in ten in the United Kingdom now own a stash of gold valued above any cash savings.

According to the survey, more than 38% of Britons also say investing in gold is better than keeping cash savings.

As gold vending machines pop up in shopping malls and physical gold retailers like London-based Bullionvault surpass some central banks in gold holdings, 14% of Britons bought an item of gold as an investment in the past year.

[Freeski]

I don't have any but if I had I would buy silver.

You know what they say: “Silver is the poor man's gold” and that's true.

But it's also relative.

[canandy]

as a pysical holder of au and ag  iam not surprised my dry powder is alot less that my pm's...i like alot of households are holding on with the real money...just saying