Tuesday, July 30, 2013

Dennis Gartman likes owning gold

Friday, July 26, 2013

Ask the Expert - Marc Faber - Sprott Money News

http://multimillionairehouseholds.blogspot.sg/2013/07/marc-faber-does-not-think-fed-will-end.html

Sunday, July 21, 2013

The Secret World of Gold Part 3, featuring Eric Sprott

Silver Technical Analysis Chart- Weekly Chart.




Wednesday, July 17, 2013

Is the bull market over?

If you agree with legendary investor, Jim Rogers and you are convinced that the long term picture for gold and silver are favorable (ie the bull market has several more years to run), then you may witness an incredible buying opportunity in the weeks or months to come. However, it takes tremendous amount of courage and conviction to go against the herd, but experienced investors will tell you that this is where the real money is made.

Tuesday, July 9, 2013

Gold below cost of production

Will mining costs create a floor for gold prices? This is a popular argument that gold bugs (bulls) cling to, with the idea that if gold continues to be below the cost of mining, then miners will stop mining and tighten the supply forcing gold prices up.

Here is what, Jim Rogers (Chairman of Rogers Holdings) has to say regarding this during his interview with Business Insider:

"I've been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It cost money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it's something like a mine which is expensive to close, and expensive to open."

ORIGINAL SOURCE

Tuesday, July 2, 2013

Jim Rickards on CNBC. Have 10-20% of gold in your portfolio!



Jim Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. (Wikipedia)

Thursday, June 27, 2013

HSBC: Positioned for a modest rebound in gold

"Record Chinese imports of gold, continued strong interest in gold in India, central bank buying, and muted new supply all support our thesis that the current gold price weakness will not last."
Patrick Chidley, CFA, senior vice president of global metals and mining research at HSBC Securities USA
Source: Bloomberg June 27, 2013

Fed's Dudley: QE Could Increase If Labor Market Doesn't Improve [Reuters, Published: Thursday, 27 Jun 2013 | 10:12 AM ET]

"if labor market conditions and the economy's growth momentum were to be less favorable than in the FOMC's outlook - and this is what has happened in recent years - I would expect that the asset purchases would continue at a high pace for longer." William Dudley (head of the New York Fed)

Source: http://www.cnbc.com/id/100830969

Goldman Sachs: Gold Near Bottom [WED 26 JUN 13 | 04:15 PM ET CNBC]

Why You Should Still Own Gold: Joseph Foster [On CNBC Thursday, 27 June 2013 5:08 AM ET ]

Wednesday, June 26, 2013