Gold at new Highs - Silver Following - Miners Higher - Dollar Down - Bernanke admits the possibiliity of QEIII - Timing belongs to King Jesus
We are now beginning to experience what happens as the gold rush gets going. More and more people and funds are joining in to push the demand higher which spills over into prices of the metals. The exact timing is in the hands of our Sovereign King Jesus. We must be content to watch this play out in the market place. I am still looking for a good opportunity to jump in at any drop in prices. But I may not have the opportunity.
Bernanke let the cat out of the bag or opened Pandora's box with mention of QEIII. He did not call it that, but expressed worries about the sluggish, weak economy and the likely need for more easing to stay away from deflationary pressures. That was a stab in the back of the dollar and the Euro took off followed by many other currencies as the dollar fell.
Bernanke let the cat out of the bag or opened Pandora's box with mention of QEIII. He did not call it that, but expressed worries about the sluggish, weak economy and the likely need for more easing to stay away from deflationary pressures. That was a stab in the back of the dollar and the Euro took off followed by many other currencies as the dollar fell.
Bernanke and Ron Paul exchanged thoughts at the Fed briefing for Congress. Ron Paul expressed a believe, which is accurate, that gold is money which Bernanke denied. Paul asked about the gold the Fed holds. Bernanke said it was for reserve which was there because of tradition. Check out the short video, below:
ZeroHedge: HERE is a video on the exchange.
I ask you? Should not the reserve be real money? It is in gold, because gold is real money. Regardless of Bernanke's beliefs. He cannot afford to admit that gold is money. Else the whole upbacked paper system of smoke and mirrors would collapse. Thus, he must lie.
MineWeb:
Extreme times for central bankers - a time for gold
The huge upwards swing in the gold price this week relates to loss of confidence in currencies with central banks in ‘preserving-their-gold mode' with Greek default still looming. Bernanke let the cat out of the bag or opened Pandora's box with mention of QEIII. He did not call it that, but expressed worries about the sluggish, weak economy and the likely need for more easing to stay away from deflationary pressures. Read the article HERE.
Gold hits new record for second day running
The yellow metal rose to a new record during trade on Thursday after hints of possible further policy easing in the US and a Moody's warning hurt the dollar. Wow! This is fun, but it could be short lived, because we are not quite at the Gold Rush yet. However, this is a foretaste of what is to come. HERE.
Facebook gold game; signs of a bubble or a mindset shift?
First gold vending machines, and now a facebook trading game with bullion as the prize, gold bears are looking hard for signs of a bubble but, could there be something else at work? I have written time and time again that the early stages of the gold rush could be detected by a wider spread interest in gold in the media and finally the people. Is this just another sign that it is near? HERE.
Solid exposure in gold and silver vital while platinum set to skyrocket
Investment specialist and writer Byron King* reckons gold and silver have to be key investments in current times while platinum prices could really soar Gold Report interview. More signs of approaching gold rush? HERE.
Gold funds dominate Q2 commodity performance tables
According to the Lipper performance league tables for the second quarter, gold funds were among the most successful at seeking return. Is America awakening to the dire situation with the dollar? HERE.
Soaring gold has further to run in positive enironment - JP Morgan
Economic factors will keep the gold price soaring according to London analysts and the upward path only likely to end when the U.S. economy is more certain and dollar stabilises. HERE.
Miners from Scottrade:
Currencies from KitCo:
Some Prices: DOW up 74.40 to 12566.20; S&P up 7.86 to 1325.58; NASDAQ up 16.62 to 2813.63; Gold up 10.30 to 1592.90; Silver up 1.04 to 39.27.
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