Until about five months ago, gold had been on a fairly steady climb for over eight years. Many look at this current slump as evidence that the ride is over, but a look at the reasons for the rise and the trends of the past indicate that this fear is without basis. As said, gold [...]
Posts Tagged ‘gold price’
Jim Rogers: Not Surprised if Gold Drops to $1,200 An Ounce
January 2nd, 2012 
Elisheva Wiriaatmadja The successful international investor, Jim Rogers, believes that the gold price is due for a substantial correction. To CNBC news he said that he would not be surprised if gold price would drop down to $1,200 – 1,300 an ounce. He is not optimistic at all about 2012 and he is only bullish on commodities [...]
Should We Accumulate Gold?
November 18th, 2011 Elisheva Wiriaatmadja According to Richard Russel from Dow Theory Letters, the answer to the question above is yes. He writes, “Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we’re in a low inflation, low investor fear environment, a dollar that appears to have [...]
James Turk: Gold Price Manipulation Has Just Ended
November 6th, 2011 Elisheva Wiriaatmadja 
James Turk has specialised in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. James Turk has written several essays and numerous articles on money and banking, much of which can be found on his Free Gold Money Report website. He is the co-author [...]
Marc Faber: Gold could fall to $1,100
September 26th, 2011 Elisheva Wiriaatmadja (MoneyControl.com) The price of gold, which has fallen in recent weeks as part of a broader market sell-off, has even further to fall, Marc Faber, author of the Gloom Boom, and Doom Report, told CNBC Monday. “We overshot on the upside when we went over $1,900,” said the fund manager, who has 25% of his [...]
Gold in a Bubble? Not Yet
September 8th, 2011 Elisheva Wiriaatmadja 
(Sovereign-Investor.com) From 1998 to 2000, shares of a company named Inktomi Corp went up 1,900%. Then in 2000, this stock hit its all-time high of $231.62. It had to be a great business, right? Wrong. Actually, the company never made a single dime in profits. But regardless, investors kept buying. That shows you how irrational [...]
Marc Faber: Invest in Gold, but Outside the US
August 30th, 2011 Elisheva Wiriaatmadja In an interview with CNBC, Faber suggested that investors hold physical gold in their safe deposit box but preferably outside the United States. For over 20 days gold price rallied to its all-time high in the $1900 per ounce level. However, just days before the $200 dollar gold price correction last week, Marc Faber predicted [...]
Hugo Chavez to Collapse JP Morgan – Gold Over $1,900 an Ounce
August 23rd, 2011 Elisheva Wiriaatmadja 
Ever since the news broke out about current President of Venezuela, Hugo Chavez, who wanted to have 211 tonnes of gold transported back to Caracas, the news have been covering this and wondered how he was going to do that. This amount of gold is worth over US $12 billion. Finance Minister Jorge Giordani said [...]
Gold Beyond US$1,800 Level – What Do Jim Rogers, Gerald Celente, Marc Faber Say?
August 11th, 2011 Elisheva Wiriaatmadja Ever since the debt ceiling bill passed on Aug 2, 2011, everything went downhill for America, dragging the whole world down with them. Standard & Poor downgraded the US credit rating from AAA.The Dow Jones dropped sharply within the past 8 days by over 500 points. Gold price rose from a little over the $1600 [...]
Posted in Gerald Celente, Jim Rogers, Marc Faber 
Tags: gerald celente, gold, gold bubble, gold price, jim rogers, marc faber, precious metal 
No Comments »Gold at $1,753 An Ounce, The Panic is On
August 8th, 2011 Elisheva Wiriaatmadja 
Gerald Celente just tweeted 16 minutes before I started writing this post. He said, “Gold @ $1748. The Panic is ON! Watch for Fed/Central Banks measures to drive down price, regulate it and/or blame speculators for turmoil.” When I went to GoldPrice.org to check the price it went up to $1,753 per tray ounce. Only [...]
