Can you predict the price of Gold? What do expect it to do the next hours, days months?

22Bet on Gold

The Current Price of Metals, and the Value Of Your Holdings
	Gold	Silver	Platinum	Palladium
Oz USD	$ 1,107.80	$ 17.01	$ 1,588.00	$ 461.00	Kilo values
Oz EUR	€ 813.96	€ 12.50	€ 1,166.79	€ 338.72
Oz GBP	£ 741.84	£ 11.39	£ 1,063.41	£ 308.71	1 Min refresh
Oz AUD	$ 1,209.14	$ 18.57	$ 1,733.27	$ 503.17
Oz YEN	¥ 100,247.35	¥ 1,539.27	¥ 143,701.75	¥ 41,716.94
Oz INR	₨ 50,275.07	₨ 771.96	₨ 72,067.90	₨ 20,921.47
Oz CNY	¥ 7,561.69	¥ 116.11	¥ 10,839.47	¥ 3,146.72
G Ratio	1	65.13	0.70	2.40
Gram					My Metals
Troy Oz	0	0	0	0	Total value
USD	$0.00	$0.00	$0.00	$0.00	$ 0.00
EURO	€ 0.00	€ 0.00	€ 0.00	€ 0.00	€ 0.00
GBP	£ 0.00	£ 0.00	£ 0.00	£ 0.00	£ 0.00
AU$	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$0.00
YEN	¥ 0.00	¥ 0.00	¥ 0.00	¥ 0.00	¥ 0.00
INR	€ 0.00	€ 0.00	€ 0.00	€ 0.00	€ 0.00
CNY	¥ 0.00	¥ 0.00	¥ 0.00	¥ 0.00	¥ 0.00
	Using ECB rates

News and Stuff (post suggestions to info@mygoldprediction.com)

(2010-03-10) Marc Faber Talks About Gold (This post only)

Marc Faber Guest hosting at BNN.

Link: http://watch.bnn.ca/clip274697#clip274697

(2010-03-09) Seven Reasons To Buy (not invest in) Gold (This post only)

check out the link, whatever they think of is a good reason. Just make sure you buy real touchable bullion and no paper promise..And throw a bale of rice into the bargain as well if you know what I mean..

Link: http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7394180/Seven-reasons-to-invest-in-gold.html

(2010-03-09) Seven Reasons To Buy (not invest in) Gold (This post only)

Link: http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7394180/Seven-reasons-to-invest-in-gold.html

(2010-03-09) The China Put Is In Effect (Max Keiser) (This post only)

The china put

whenever gold drops, china will buy more

it’s a one way bet on the rise in gold prices

no brainer

Link: http://maxkeiser.com/2010/03/09/china-soros-gold/#comment-96708

(2010-03-09) China will be prudent in buying gold (This post only)

"The international gold market is very limited. If I purchase gold on a massive scale, it will definitely push up global gold prices," Yi said at a news conference on the sidelines of China's annual parliament.

"So, as for suggestions from many friends that we should increase gold holdings, we will give prudent consideration to this, according to market conditions."

Link: http://www.reuters.com/article/idUSTRE6280XR20100309

(2010-03-08) US Default Will Have Golden Payout (unless the Force Majeur clause is used) (This post only)

U.S. credit default swaps currently trade in euros. After all, if the U.S. defaults, who will want payment in devalued U.S. dollars? The euro recently weakened relative to the dollar, and market participants are calling for contracts that require payment in gold. If they get their way, speculators on the winning side of a price move will demand collateral paid in gold.

Link: http://www.huffingtonpost.com/janet-tavakoli/washington-must-ban-us-cr_b_489778.html

(2010-03-08) Venezuela Central Bank to Increase Gold Purchases (This post only)

March 5 (Bloomberg) -- Venezuela’s central bank will boost its gold reserves this year and will buy more than half the estimated 20 metric tons of domestic production, bank director Jose Khan said today at an event in Caracas.

Link: http://www.bloomberg.com/apps/news?pid=20601086&sid=awESVDHFnzbQ

(2010-03-08) Gold Enters Farmville (This post only)

The moronic practice of farming in Farmville while nature dies amongst us has a new addition: Gold coins..Ironic isn't it?

Link: http://www.youtube.com/watch?v=5vG0_0QW2PU

(2010-03-07) China foreign minister says U.S. ties "disrupted" (This post only)

Chinese Foreign Minister Yang Jiechi said on Sunday that relations with the United States had been "seriously disrupted," after a rise in friction between the two big powers.

Link: http://www.reuters.com/article/idUSTRE62605720100307

(2010-03-07) Bullion Song! (This post only)

Link: http://

(2010-03-06) (James West) 'Gold price can easily be manipulated' (This post only)

So, we can't really talk about gold without referencing the work of GATA, the Gold Anti-Trust Action Committee and Bill Murphy. They have single-handedly—very stridently, energetically and enthusiastically—pointed out the fact that the United States Federal Reserve and the Bank of England have arguably, over the last 100 years at differing times and in different degrees of manipulation, used various devices to manipulate the precise price of gold to the system to preserve the illusion that currencies are in good shape and that interest rates are justified in either being very high or very low.

Link: http://www.commodityonline.com/news/Gold-price-can-easily-be-manipulated-26214-3-1.html

(2010-03-05) Bulshitting for advance people.. (This post only)

Link: http://

(2010-03-05) Russia Keeps Buying Gold (This post only)

Link: http://jessescrossroadscafe.blogspot.com/2010/03/russia-continues-to-build-its-gold.html

(2010-03-05) India gold imports leap in January (This post only)

Not too strange, they have a traditional festive season, but "gold imports climbed up around 19 fold to 34 tons in January against 1.8 tons last year". Err..

Link: http://www.commodityonline.com/news/India-gold-imports-leap-in-January-26179-3-1.html

(2010-03-05) Mint Sales Up By 40% in Jan Feb (This post only)

Link:

(2010-03-04) Keiser Report Nr. 22 (This post only)

Link: http://maxkeiser.com/

(2010-03-04) War On The Middle Class Continues (This post only)

Link: http://www.youtube.com/user/tradergee1

(2010-03-03) Sprott Physical Gold Trust Gopin For 10 Tons? (This post only)

Nine out of ten Americans might notice that the Sprott trust needs to buy about 10 tonnes of gold, the size of most small central bank purchases, if they have not negotiated and secured delivery already. According to the Prospectus, the trust does not traffic in paper certificates and derivatives, but in good bullion only. The purchase passes for real in the press:The Sprott Physical Bullion Trust (PHYS) is now holding 286,870 ounces of gold (link)

Link: http://jessescrossroadscafe.blogspot.com/2010/03/is-sprott-in-market-trying-to-buy-12.html

(2010-03-03) Gold will skyrocket far higher than $2,000 per ounce by the end of 2011. (This post only)

I don’t think that should come as such a surprise, either. In the last few years, despite two big stock market declines and despite the worst recession since the Great Depression, gold quadrupled in value.

Link: http://www.moneyandmarkets.com/transcript-nine-shocking-new-predictions-for-2010-2012-7-38096

(2010-03-02) Hedge Funds Plan Euro Shorts (This post only)

Dare to front run a hedge fund? Ever seen Cramer in action?

Link:

(2010-03-01) All Sytems are Go: Jack Chan (www.simplyprofits.org) (This post only)

GLD:on buy signal.
SLV:on buy signal.
GDX:on buy signal.
XGD.TO:buy signal.
Long term :major buy signal.
Short term :buy signals.
We had set ups this week and we added to positions.
We will also remove the hedge on our core positions if conditions are met next week.

Link: http://www.321gold.com/editorials/chan/chan030110.html

(2010-03-01) Another Record For Euro-Denominated Gold (This post only)

Link: http://www.zerohedge.com/article/another-record-euro-denominated-gold

(2010-03-01) Parsing 200 years of gold trades (This post only)

Peter Brimelow & Edwin S. Rubenstein mainain that gold's peak is unsustainable looking at historic inflation corrected data, but I have a question:

Does population growth need to be taken into account when correcting for inflation? Because issueing paper money can always keep up with inflation, while gold is destined to lag behind..

Link: http://www.marketwatch.com/story/parsing-200-years-of-gold-trades-2010-03-01

(2010-02-27) Feds Intentionally Devaluing the U.S. Dollar (This post only)

If the fed had wanted to defend the dollar it would have increased the interest rate months ago. Conclusion: It is not the plan to save the dollar

Link:

(2010-02-26) China Denies IMF Gold Deal (This post only)

China, the biggest gold producer, isn’t a “realistic candidate” to buy bullion from the IMF, the World Gold Council said Feb. 22. The IMF, which set out to sell about 13 percent of its gold reserves, said Feb. 17 it will “shortly” expand sales to the open market after the central banks of India, Mauritius and Sri Lanka bought the metal.

What do you think?

Link: http://www.businessweek.com/news/2010-02-23/china-is-unlikely-to-buy-imf-s-remaining-gold-daily-reports.html

(2010-02-26) Are the Banksters after Germanies Gold? (This post only)

Hedgefund managers are buying gold and quickly becoming the new royals, being fully prepared for the fiat currency demise.

Link: http://www.youtube.com/watch?v=Sq5j0ba034M#t=22m41s

(2010-02-26) US May Welcome Treasury Dumping by China (This post only)

The US finds itself in a hole created by the banks and corporations. Follow the link to read an analysis.

“China’s threat to react by selling Treasuries is – as explained above – at worst a bluff and at best a way to help the US with a depreciation of the dollar. This bluff should be called.”

Link: http://www.huffingtonpost.com/simon-johnson/should-we-fear-china_b_476339.html

(2010-02-25) China To Purchase Half of IMF's Gold (This post only)

“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,”

Link: http://english.pravda.ru/business/finance/25-02-2010/112369-china_gold-0

(2010-02-23) Jim Willie on Treasury Auctions (and their succes) (This post only)

Jim Willie on the above: "A napkin argument is relevant here. The foreign accumulation of new USTreasury debt is tiny compared to what USTBond debt is issued and auctioned. Nobody seems to be capable of primary school mathematics, once graduation to Wall Street and USGovt service is achieved. If new debt is five times what foreigners are buying, then after factoring the domestic bond fund absence like PIMCO (they hate bonds nowadays), one can quickly conclude that the USFed/Treasury tarnished tagteam are monetizing 60% to 80% of all new debt issuance. Isolation is here, but must be more fully recognized."

Link: http://www.financialsense.com/fsu/editorials/willie/2010/0223.html

(2010-02-23) James Dines Interview "US Out of Business" (This post only)

Link:

(2010-02-22) CME To Change Comex Gold, Silver Settlement Procedure Friday (This post only)

As of Friday, staff will settle the most-actively traded month of each contract at the volume weighted average price--which skews toward more heavily traded lots--of outright trades on the CME Globex electronic trading platform. This is a change from the current method of settlement, where the lead contract month for gold and silver are settled to the midpoint of Globex trades during the settlement time range.

The settlement time periods are 1:29 p.m. ET-1:30 p.m. for gold and 1:24 p.m.-1:25 p.m. for silver.

For more follow the link below

Link: http://forum.prisonplanet.com/index.php?topic=160856.0

(2010-02-22) IMF Rethinks Containing Inflation (I wonder why) (This post only)

"The International Monetary Fund has long preached the virtues of keeping inflation low and allowing money to flow freely across international boundaries. But two recent research papers by economists at the fund have questioned the soundness of that advice, arguing that slightly higher inflation and restrictions on capital flows can sometimes help buffer countries from financial turmoil."

Economist have a way of pretending expertise by finding fustification for whatever happens, and then saying "Yes, I suggested that was a smart move". Especially the IMF is served by an image of infallability, which may protect the superflous institution against fair criticisms (it should not exist).

With the new convenient logic they can pretend a breakup of the Eurozone and allowing the less prudent countries to face hyperinflation in thier own currencies is a sound economic policy. That is what is meant with "restrictions on capital flows" isn't it, creating the effect of exchange rates. We are expected to forget this advise was not given in the years leading to the current diseaster, because Goldman Sachs and other fast money was making a fortune putting the weak countries into debt.

All this will spell good for Gold and Silver, but is also once more a disgusting demonstration of the weasel mechanics of global banking.

Link: http://www.nytimes.com/2010/02/22/business/22imf.html?ref=business

(2010-02-21) Gold bullion demand picked up in Q4 2009 (This post only)

Link:

(2010-02-21) China Sold Their Treasuries Because They Want To Buy Tons Of Gold (This post only)

Citi's Alan Heap thinks it happened for sure: The IMF announcement that the fund intends to sell 191t of gold sent a quiver through the market last week. However there was nothing new here.

The PBC [People's Bank of China] is the most likely central bank buyer. The bank is deeply dissatisfied with the performance of its US treasury holdings and has made clear its intention to diversify including into gold. In November and December the PBC sold USD46bn of treasures; they must be buying something.

Link: http://www.businessinsider.com/citi-theres-no-problem-for-gold-2010-2

(2010-02-20) Financial News Sucks (This post only)

Reading a column by Rombout Kerstens in the dutch Telegraaf it once again occured to me that the financial media suck. He compares the development of the gold price with that of the consumer price index. He concludes that until 2006 there was no benefit in holding gold. Now it has risen considerable so he thinks its in a bubble, referencing to Soros's Davos comment and Buffet saying gold is useless stuff. Soros has not said gold was a bubble already, but that is the shallow reading for mass consumption while the super rich get better advise (or are smart enough to understand english). Gold has always been useless, which hasn't kept numerous sound economies to thrive from its utility as money (for which the material seems to have been designed). WTF? Karstens clearly does not know about Soros's massive gold positions.

But seriously, to me it makes no sense to look at the official gold price. The Comex has become a purely paper market, and so are the ETFs and funds. There is no real assets being traded anymore. People are channeled from one plane into the next, everybody hoping this one will still fly. The tubes will never end on firm ground if the financial sector can help it, they need the cash to pretent they are solvent.

It is sad that people are misinformed by their comforatble, well known commenters in newspapers that are supposed to give sound financial information. Then again we now know there is no such thing as sound financial information. It is understandable an industry tries to keep itself together, but it sucks because real people are in real danger to lose real wealth as a result.

Link: http://www.telegraaf.nl/dft/goeroes/romboutkerstens/6078948/__Inflatie_en_goud__.html?p=40,1

(2010-02-20) PRECIOUS-Gold up as investors seek refuge in the bullion (This post only)

"Investors are buying gold as a hedge against currencies' volatility," said Carlos Sanchez, a metals analyst with CPM Group. "Gold seems to be consolidating near the $1,130 an ounce area."

Tip: Don't buy futures or funds, buy the real stuff.

Link: http://www.reuters.com/article/idUSLDE61I0XU20100219?type=marketsNews

(2010-02-20) Goud Hystrie? Nog niet (This post only)

In een artikel in het belgisch 'Nieuwsblad' wordt de uitspraak van Soros in Davos en zijn recente gedrag gewogen, Soros zei daar dat goud de 'laatste bubble zou blijken', waarbij hij dus open liet of deze al geweest was of niet. De anti goud lobby pakte dit op om te zeggen dat goud nu al een bubble is (terwijl het onder de inflatie gecorrigeerde historisch maximum zit), en deze mensen verbazen zich nu dat Soros zwaar is geinvesteerd in een goud 'tracker', een fonds dat goud volgt, maar niet zoals de Comex, goud leverancies toestaat. De hele reden waarom mensen in goud stappen is dat de fiat valuta (euro's, dollars, yen) stelselmatig zijn uitgehold door een frauderend bankwezen en onder dwang voor bankschulden garant staande regeringen. Daarbij woed er een financiele oorlog zoals de wereld die nog niet heeft meegemaakt, onder leiding van oa Goldman Sachs, JPMorgan. Buffet wordt aangehaald die zegt dat goud geen 'nut' heeft, niet zoals zilver dat op aan het raken is. Goud is overigens ook aan het opraken, de kosten van delving gaan omhoog. Maar fysiek goud is nog steeds lastig te manipuleren. Het zijn de markten die keer op keer frauduleus blijken, en de tastbare assets die dan een veilige haven blijken. Nu zwerven mensen nog van contract naar contract (valuta, stocks, funds), waarbij de counterparty keer op keer een oplichter blijkt te zijn (De Comex levert intussen geen goud meer, maar goud ETFs met een opslag van 25%). Wie slim is koopt land, goud en voedsel. Fysiek Goud is iig nog lang niet aan zijn bubble fase begonnen.

Link: http://www.nieuwsblad.be/article/detail.aspx?articleid=GK02MHLC0

(2010-02-19) Vatukoula CEO: Gold Production Peaked in 1999 (This post only)

"We are going back to underground mining, which will be much higher cost"

Link:

(2010-02-19) Hyperinflation Nation (This post only)

Link:

(2010-02-18) IMF to sell gold to open market (This post only)

The International Monetary Fund said it will soon begin phased sales of 191.3 tonnes of gold to the open market, a move that has called into question demand for bullion from official sector buyers.

It doesn't, it has discretion as to how it sells it's gold which means you can't tell whether there is institutional demand or not. The IMF wants to give the impression tha there is no interest though, because it will drive the price of gold down and the price of worthless paper up.

Link: http://www.reuters.com/article/idUSTRE61H35H20100218

(2010-02-18) GS Waterboarding Audio (This post only)

Link:

(2010-02-18) Gold and Silver coins to replace federal currency as legal tender in SC (This post only)

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.

The lawmaker believes that a shift to an economy based on gold and silver coins would give the state a "base of currency" should (a Weimar style inflationary) collapse come. As one expert told the Scoop, however, his bill would likely be ruled unconstitutional because it "violates a perfectly legal and Constitutional federal law, enacted pursuant to the Commerce Clause of the U.S. Constitution, that federal reserve notes are legal tender for all debts public and private."

Not True:

Article I, Section 8, Clause 5: The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.

Article I, Section 10, Clause 1: No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt.

So, from that we have:

1. The federal government can coin money.

2. States cannot coin money.

3. States have the authority of determining what can be used as a tender in payment of debts by default, because the federal government does not have that specific constitutional authorization.

4. States are then prohibited by the Constitution from making any Thing but gold or silver coin a tender in payment of debts. (Which also additionally proves that #3 is correct.)

Federal law can not populate the ommisions of the Constitution, because the Constitution is a list of what the federal government is authorized to do, with ALL ELSE being DENIED to it by default.

Link: http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml

(2010-02-18) Gold and Silver coins to replace federal currency as legal tender in SC (This post only)

Link: http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml

(2010-02-17) New COMEX Rule: Another Reason to Fear ETFs (This post only)

ETF investors are clearly at a disadvantage, although the chance of manipulation is only a bullish signal for physical investors. COMEX rules have allowed artificial inflation of the amount of silver futures available prices, and it is sure that physical metals will only gain in value as this comes to light. There is simply no better investment than physical metals both for the short and long term.

Link: http://news.goldseek.com/GoldSeek/1266390240.php

(2010-02-17) Pension funds, central banks to boost gold in 2010 (This post only)

Pension funds and global central banks will ensure gold remains a "robust" market in 2010 as they invest in the metal as part of their wealth preservation strategies, the World Gold Council said on Wednesday.

Link: http://in.reuters.com/article/businessNews/idINIndia-46244020100217?rpc=401&feedType=RSS&feedName=businessNews&rpc=401

(2010-02-17) Gold Poetry by Max Keiser (This post only)

Gold keeps climbing that wall of worry

Just like the Dow back when it was trapped in purgatory

Back in the 1980’s

When power ties were mandatory

Gold keeps climbing that wall of worry

Sellers keep vomiting their stash to early

Soros, buffett, paulson, and paul todor jones

Keep adding to their long positions

At somewhere around 4,000 expect a collision

I remember 450

And I remember 500

And I remember each century mark since i got started

I remember the crack in 08 when the 200 moving day line got violated

And i remember the falling wedge that kept building strength even when CNBC said gold was much hated

I remember the economists on TV who said gold was dead

And the looks on their faces when they couldn’t believe what I said

That goldman was scum and jpmorgan too

That the dollar was worthless and so are you

That economists trained at Yale and Cambridge who think with their paychecks instead of their head

Are leading the masses down a serious rat hole

Of a busted currency and havoc at the polls

Yes, i remember gold at 450 when I started buying for real

I remember thinking, my God, what a steal.

With gold keep going up beyond that

And the Dow falling after getting knee capped

Link: http://maxkeiser.com/2010/02/17/kr1-keiser-report-markets-finance-scandal/#comment-87673

(2010-02-17) Soros $3.4 Billion Gold Position (This post only)

Link:

(2010-02-17) Soros More Than Doubled Gold ETF Stake in 4th Quarter (This post only)

Soros, speaking last month at the World Economic Forum in Davos, called gold the “ultimate asset bubble” and said the price could tumble.

Never believe a billionair.

Link: http://www.bloomberg.com/apps/news?pid=20601087&sid=aKs0jaibTSmY&pos=6

(2010-02-16) China Dumping US Treasuries (This post only)

China’s bond holdings dropped substantially to 755.4 billion dollars in the last month of December from 789.6 billion in November, said the Treasury’s international capital data report.

Link: http://www.infowars.com/china-dumping-u-s-treasuries/

(2010-02-15) Ron Paul Warns of Coming Social and Political Chaos (This post only)

Link: http://www.goldprice.org/live-gold-price.html

News and Stuff (post suggestions to info@mygoldprediction.com)

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