Tuesday, January 31, 2012

James Turk, "We could easily go over $2000 per ounce" for gold in 2012

"James Turk speaks makes a prediction about where the price of gold will head in the new year, along with his outlook for central bank printing, and the problems in europe in light of increased liquidity hoarding by banks at the ECB's deposit facility. James Turk also reminds us that nothing moves up always and forever, and the type of correction we have seen in gold recently is normal, and a good buying opportunity."

Ellis Martin Report with David Duval of Tanzanian Royalty Exploration Corp

"David Duval is a 40-year veteran of the Canadian minerals industry. He served a decade as Western Editor for the largest weekly mining publication in the world before forming his own consulting company in 1990. As a Technical Advisor to the United Nations and Royal Government of Thailand, he coordinated the feasibility study for the $500 million Association of Southeast Asian Nations potash project in Thailand. Mr. Duval is a recognized authority on the Canadian diamond industry having co-authored "New Frontiers in Mining" in 1996

David serves as Special Advisor to Jim Sinclair, the President and CEO of sponsor company Tanzanian Royalty trading on the NYSE as TRX. Tanzanian Royalty is developing an advanced stage gold project in Tanzania in partnership with the State Mining Corporation of Tanzania. David and Mr. Sinclair co-founded the online newsletter,jsmineset.com, in 2003 which offers free commentary on gold and currency markets and is a traffic leader in its market segment."

- Source:


Sunday, January 29, 2012

Hedge Fund Guru Sees Gold Price Soaring

DAVOS, Switzerland—In the current uncertain environment, one hedge fund guru is in no doubt where investors should put their money – gold.

The fund manager, who wishes to remain anonymous, was unequivocal in his belief and was bullish on the longer-term outlook for the value of the precious metal: “Thousands of dollars per ounce,” he says. “Thousands.”

By the end of 2012, he sees the price of gold at between $2,000 and $3,000 per ounce. Even the bottom end of that range would represent a handsome gain. On the New York Mercantile Exchange Thursday, gold was trading at $1,726.10 per ounce.

“Gold is at the intersection of money trends,” says the hedge fund boss. “The only non-fake money is gold.”

The investor says there are lots of ways to get low-risk exposure to gold if there is a sustained loss of confidence.

- Jonathan Buck, with Barrons.com, read the full article here:

Wednesday, January 25, 2012

Gold Extending Gains On Realization Fed's Only Option Is CTRL+P

Update: $1700

"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."

- Read the full article at ZeroHedge, here:

Monday, January 23, 2012

Ben Davies - Funds Will Pile into Gold after Missing the Rally

"I would say that (with gold) coming in $1,570 at the start of the year, you would have to believe the market had more upside. But people aren't really invested and the market is rising on this monetary asset growth. It’s really inflation that’s driving this, underpinning the market.

The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”

- Read the full article at King World News, here:

Thursday, January 5, 2012

Jim Sinclair - What a Difference a Week Makes in the Gold Community!

"Let me check my notes. Wasn’t it just a few weeks (days?) ago when everyone was talking down commodities including gold?

What a difference a week (day?) makes!"

- Jim Sinclair