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 [...]
Posts Tagged ‘gold standard’
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 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 [...]
US Debt Ceiling Lifted – Gold About to Rise to $1800 an Ounce
August 2nd, 2011 Elisheva Wiriaatmadja 
You may think that because the debt ceiling bill has passed and was approved by the Senate and President Obama, everything is going to go back up again from this debt pit. It is not. By passing the debt ceiling bill, the US awoken the whole world to the fact that their economic recovery is [...]
Posted in Gerald Celente, News 
Tags: debt, debt ceiling, gerald celente, gold price, gold standard 
No Comments »Gold $1600 an Ounce, $1688 by the End of 2011
July 18th, 2011 Elisheva Wiriaatmadja 
Goldprice hit its all time high at $1603 an ounce. Silver rose 3.3% its highest price since early May 2011. Economists say that the rush into precious metals is due to the political debate that took place over whether or not to raise the US debt ceiling. But most of all, investors remain worried about [...]
$5000 Gold, $1000 Silver
July 17th, 2011 Elisheva Wiriaatmadja 
Gold hit its all-time high $1,594 an ounce, taking silver up to $39 an ounce. While some economists in the United States doubt that the gold price is going to continue to climb and that the gold bubble is going to burst any time soon, economic news channels around the world are considering gold to [...]
