“Major Catalyst” About To Send Gold & Silver Prices Surging! –
A number of pundits had been saying that gold was going to $1,200. That has turned out to be completely wrong. Every single time there is a downturn in the price of gold, the Asians, particularly the Chinese, are in there aggressively buying. That’s not a recipe for $1,200 gold, but it is a recipe for a strong bottom like the one we are presently seeing.
The Chinese have a history of playing down their gold purchases. They do not want to ramp up the gold market while they are trading in their dollars for physical gold. But at some point a major catalyst will emerge and we will begin to really see gold and silver prices surging!
Silver To Eclipse $100 On Skyrocketing Chinese Demand –
“Silver under $30 is a joke,” Leeb said. Leeb believes that China, which has been the primary driver in the gold market, is now going to push silver over $100 as their consumption of silver is poised to skyrocket. Here is what Leeb had to say…
Metals Rally Time – Big bull market moves occur with enormous negative sentiment, and it is the liquidity flows of short covering that produce the most violent jumps in price, to the upside. Below are 24 reasons that the metals will begin to rally…
Gold and Silver ETFs “Backed Only By The Good Faith Of Banks and Brokerages” – The gold trust filing says a “secondary objective is to provide investors with an opportunity to invest in gold through the shares and to be able to take delivery of gold bullion in exchange for their shares.” Most precious metals ETFs do not allow their shareholders to take physical delivery, and those that do often charge a higher management fee to offset the extra costs related to physical redemption.
If There’s No Inflation, Why Are Prices Up So Much? – There are lots of other ways to gauge inflation, however, which give very different signals. Gold was $930 an ounce when the recession ended, and today it’s $1,583. So if you believe in the gold standard, prices have increased 70% in four years – or an annualized rate of 14.2%. Of course, many economists dismiss the gold price as an archaic indicator. So it may be more meaningful to look at price increases over a broad range of commodities. The Reuters CRB Commodity Index, which tracks the prices of coffee, cocoa, copper, and cotton, as well as energy, is up 38% over four years, or 8.6% at a compound annual rate.
Top Citi analyst Tom Fitzpatrick issued a bullish call for gold and now believes that gold is poised to surge more than $460 which would take the metals of kings well over the critical $2,000 level.
You know silver is cheap right now. It’s down below $30 per ounce after nearly touching fifty in early 2011. And there are many reasons silver just can’t stay this low… Given the laws of economics say silver prices should be rising, here’s how Silver-Seek explains their downward action:
Silver – Keep It Simple! If you want stress, play the futures market in silver. If you want a long-term investment, buy silver at these low prices and wait for the powers-that-be to devalue the various Dollars, Euros, and Yen that we use. Silver and gold prices will be much higher four years from now, regardless of what you are told via the “party line” from the Goldman’s of the world.
Price Follows Volume – Investors flocking to real money (silver & Gold) – Physical purchases are now positive and increasing by central banks where 10 years ago they were sellers. Physical purchases are also increasing by the public, just look at government figures and refinery reporting. Of course in “Dollar” or fiat terms the “amount” is increasing because the metals are now priced 5-6 times higher than they were just 10 years ago. More importantly, the amount of OUNCES being taken off the market is increasing.