Alf Field's latest - 31st of July 2012 - Gold to $4500

One of my few posts on gold and silver.

Alf Field, one of the most pre-eminent chartists on gold and silver, thinks:

• the correction in gold and silver is over
• Wave 3 of 3, the biggest and longest rise in the bull market in PMs is about to begin
• Gold to $4500 and silver to at least $158

http://goldswitzerland.com/alf-field-confirms-next-gold-target-as-4500/

Alf Field's "The Moses Principle"

Fresh from a major symposium on gold in Australia,  Alf has made this presentation, possibly his last, as he retired a few years ago. He is probably the best analyst on gold  . and its future direction

"The Moses Principle is an irreverent theory based on the question of why Moses spent 40 years traversing the Sinai desert before leading the Israelites to the "promised land".

Click on the link for Alf Field's article.
The Moses Principle

Who have they jailed in the USA for destroying the world's economy?

Does it get any nuttier than this? All the best to "Occupying Wallstreet"

Alf Fields is charting gold to reach between $1558 and $1642

I haven't made a gold post for some time. This seems as good a time as any to post this link to Alf Field's latest analysis of gold and where it is headed soon. He addresses his comments to "Mr Gold," Jim Sinclair, who expects gold to reach $1650 in the near future.

http://www.gold-speculator.com/alf-field/46550-note-alf-fields.html

Jim Sinclair Interview - gold is likely to be attached to a SDR basket of currencies

In an interview in South Africa on 13th of July 2009, Jim Sinclair thinks that gold will be attached to a basket of Special Drawing Rights currencies currently being worked on by the IMF. No doubt the purpose would be to give the currencies the type of solid backing they now lack. The rate at which gold will be attached is not known. The sound in the interview is mostly out of sync but still worth is listening to.

Mark Leibovit's of VR Goldletter thinks gold will rise strongly over the summer

Chief market strategist for the VR Gold Letter.com, Mark Leibovit's interview is well worth watching. He has some very interesting charts! Mark is the number one intermediate market timer for the last ten years in the US. ( " Timer Digest Magazine")

http://watch.bnn.ca/the-close/june-2009/the-close-june-25-2009/#clip187264

The Chinese Are Secretly Buying Gold

Sherlock Holmes was not required to work this one out. The Chinese are also building stocks of other important metals such as nickel and copper while they are still going cheap. As the biggest holder of US treasury bonds the Chinese do not want to see the Dollar collapse, just yet. But like the Bank De France in the early 1930s they may still still find themselves holding massive reserves in quickly depreciating currency over the next few months. Bank De France had its head handed to it when it tried to support Sterling by buying pounds in the early part of the 30s.  It was all for nothing as their holdings of Sterling and the Dollar crashed in value as Britain and Americas' currencies were devalued by 1934. The consequent losses led to the French state having to bail this "private" institution out.

http://www.ft.com/cms/s/0/1d23f80c-30aa-11de-bc38-00144feabdc0.html?nclick_check=1

Gold should be strong into June

Gold began its rise this week after the Martin Armstrong turn date of April 19th and began its rise this week which should take it higher into June.

Some pundits are saying that this is the beginning of Wave III, a wave that with its minor waves could go on for some time. We'll see, of course, but gold by the end of the year should have proved to have been an outstanding investment.

The really big rises in gold are expected in 2010 when inflation will be rampant all over the world.

I expect a major stock-market crash during the month of October with stock indexes gradually declining over most of the summer. October will mark the the 32nd month from the Dow's "top" in mid February 2007. It might be a good point to pick up a couple of tech stocks in November.

"We are in a Depression" an interview with Ambrose Evans-Pritchard

Is the FED making progress on reflating the US economy?

Two articles from different sources weigh up the evidence that the US Federal Reserve is already making progress on reflating the US economy. The implications for gold and silver from the Fed monetizing treasury bonds and other financial assets are highly favourable - although you would never know it from the action in gold and related PM stocks today. The next two to three weeks may hold pleasant surprises for some gold and silver bugs.


Boris Sobolev is a known PM investor

http://news.goldseek.com/GoldSeek/1233547200.php

Bloomberg represents "Main Street"

Dakin Campbell's revised article form Bloomberg

http://www.bloomberg.com/apps/news?pid=20601087&sid=aL4DN7bHk3FU&refer=home

Max Keiser and the Oracle for 30th of January 2009

Get past the jaunty presentation and Max and his guests have serious things to say on the world economy and gold. Last week Max's Oracle predicted a currency crisis for the Pound in April this year. This is part one of the current program. If you want the other parts you can click on the program and search on Youtube.

Ronald Rosen thinks that gold blasts off in 2009-10

Ronald Rosen, a longtime proponent of Gann's method of analysing markets thinks that we have reached Stage 3 of the gold market. Given the increasing sense of crisis in the world's major economies I fully agree with him. The link is worth reading while playing the 1812 Overture. What a wonderful piece of celebratory music that is! (The link for this is within Rosen's interesting article)

http://www.gold-eagle.com/editorials_08/rosen013009.html

Obama's possible actions in the next 100 days!

Obama and his team have been reading Jonathan Alter's "The Defining Moment: FDR's Hundred Days and the Triumph of Hope". The first hundred days of Obama's presidency will be crucial for the success or failure of his team's plans to save the USA and the rest of the world. FDR carried through an amazing number of changes after his inaugeration in 1932. These included shutting down the banking system for four days to sort out the banks; he also put an embargo on gold and silver in the following weeks. FDR created several regulating agencies and acts over the hundred days that still exist today. However, some, such as the Glass-Steagal Act was dismantled after pressure from the banks late in the Clinton presidency. What a terrible mistake that was! Some of FDR's actions were made in error, others were great successes. Overall, he was a man of action and subsequent presidents who also tried to imitate the whirlwind of activity in FDR's first hundred days never quite measured up. But then the economic troubles facing US economy and those of the world were not as great as the ones Obama faces. Personally, I wish him well.

Three early predictions:
1. Obama will do something dramatic with the banks - either acting like FDR and ordering an extended "bank holiday" in which some banks do not re-open because they are just too toxic or nationalise the whole banking system; if there was true justice he would order some of the bankers whose greed got us all into this mess on trial for criminal behaviour for treasonous actions against the state. BTW the same should happen in the UK and around the world.

3. Quantative easing - the printing of money causes inflation to rise signifantly to inflate away debts. (They will manage this in stages in an attempt to stop runaway inflation. Whether he and his team succeeds in the latter may determine the rest of this presidency.

3. A great investment splurge, probably as much as a trillion dollars,  is expected over the next few weeks.  This will fund a huge public spending program on roads, bridges, medicare and schools, etc. and other essential infrastructure in the US. Similar public works spending can be expected around the world.

Within a year to 18 months:

1. The dollar devalues by up to 40%

2. Gold rises to above $1650 to "balance the books". Some kind of gold certificate scheme will underpin the dollar, if the currency still exists in this name.

If any of the above happens it will change the economic landscape for decades. If not, capitalism will have run its course and a new economic hegemony such as socialism or fascism will gain traction throughout the world. Let's hope that it is not the last of these options!
http://www.amazon.com/Defining-Moment-FDRs-Hundred-Triumph/dp/0743246012

False Diagnosis of Deflation - Jim Willie

Pertinent and perceptive, Jim Willie's latest is one of the best reads out there.
http://www.321gold.com/editorials/willie/willie010209.html

How Venice Rigged the First, and Worst, Global Financial Crash

It appears that J.P. Morgan, Goldman Sachs and Barrick Gold have nothing on the bankers from Florence and Venice! Those Venetians knew all the moves well before anyone else! Now those guys were the masters of derivatives. Gallaher's article from thirteen years ago was early - but there's plenty to be learned from it. Looks like the 1340s has a lot more in common with the noughties than I thought.

"How Venice Rigged the First, and Worst, Global Financial Crash" by Paul Gallaher.

"Six hundred and fifty years ago came the climax of the worst financial collapse in history to date. The 1930s Great Depression was a mild and brief episode, compared to the bank crash of the 1340s, which decimated the human population."

http://www.schillerinstitute.org/fid_91-96/954_Gallagher_Venice_rig.html

It's long one but a good'un!

The Manipulation of Gold Prices from Seeking Alpha

An excellent and ingenious article which explains why gold and silver prices must go much higher soon
http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices

The coming boom in gold and silver stocks

The inflation scare has become a reality and it has the world's central banks afraid. Their only hope now is to inflate together - or face a relentless, slow death and the destruction of their economies. Inflation is on its way and its dynamic unstoppable. All the political mantras of the last fifty-sixty years are about to be ditched as the central banks begin printing money rather than just borrowing it. This is euphemistically known as "quantative easing".

The world's currencies will fall in value while gold, silver and PM stocks will rise, probably to astonishing values from where they stand now. Mining stocks are at their most bombed out levels for at least forty years. And this at a time when countries are having to nationalise or part nationalise their nations' banks, to save them from bankruptcy. The taxpayers are having to bail out irresponsible banks, insurance companies and motor manufacturers. The latter should have been making economic vehicles and improving the fuel efficiency of their cars. Instead we lived, and to some degree, are still living in the four-wheel-drive SUVS.

For gold and silver producers the high octane combination of lower fuel and other important input costs together with rising precious metal prices should spark a boom in PM stocks, the likes of which has not been witnessed for a very long time. Juniors will also thrive as they will become takeover targets by big miners looking for replacement ounces. The chance to pick up good explorers for a song will prove irresistable and bidding wars will likely emerge.

For gold, silver and related stocks time there has never been a better time to buy! Many Gold and silverbugs have been "all in" for some time. Whether the rise begins in earnest before the end of this year or early 2009 is surely academic.

Citibank - Gold to rise to above $2000 in 2009 as world unravels

Good ole Ambrose has been doing his homework again.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citigroup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html

John Embry- "Rescue will send gold to surreal price level"

Even if things have been tough for John over the last few years, John Embry remains a key caller for gold and PM stocks. Here's his latest investment review from Sprott Management.
http://www.sprott.com/pdf/investorsdigest/digest.pdf

The gold share panic!

Why press this?

When its only volatility


Now's the time to BUY, not sell!
Gold and PM stocks have NEVER been bigger bargains than today.