Bob's Gold Price Column

tag:blogger.com,1999:blog-89585002010-02-04T05:59:54.379-05:00Bob's Gold Price ColumnObservations on the market action and the implications of the gold and silver markets.goldpricenoreply@blogger.comBlogger360125tag:blogger.com,1999:blog-8958500.post-3101515178039266812010-02-03T04:51:00.001-05:002010-02-03T04:52:41.696-05:00Misc. Dollar and Gold News From The Past That Should Be A Wakeup Call

Saudis drop WTI oil contractBy Javier Blas in LondonPublished: October 28 2009Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-33012323859122574902010-02-02T15:52:00.007-05:002010-02-04T05:59:54.386-05:00Double Bottom For Gold?

It looks like a double bottom for this correction in gold (the right hand bottom being a final shake out of the weak longs).Yes, it went a tad/hair below it's initial correction hesitation but people are now, after 5-10 years, starting to get reality. The US government is going to go crazy spending (creating out of thin air via the combination of the US Treasury and the Fed) huge amounts of

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-70725447424675230502009-12-24T05:10:00.002-05:002009-12-24T12:49:18.698-05:00There Is No Gold Bubble

John Embry of Spott Asset Management writes as to why there is no bubble in gold: "Today, the western central banks are discovering . . . that the manipulation of the free market process ultimately fails"Gold bull has many years, thousands of dollars to go"...For at least the past 15 years,Western central banks havebeen flooding the market withmassive quantities of gold, pri-marily by leasing

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-80781095352847660142009-12-23T06:56:00.003-05:002009-12-23T08:40:07.577-05:00The US Dollar Generally Acts Inversely To Gold

The US dollar generally acts inversely To gold and silver, and it sure as heck is not going up other than the occasional bear market rally like right now. There is a lot more to go on the down side.This generally holds true for any other governments that are devaluing their fiat tokens; thus the price of gold and silver is going up on most other government fiat tokens also, since the ten year old

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-38367581476755165922009-12-17T05:50:00.007-05:002009-12-17T09:13:54.207-05:00The US Dollar Goes Up AND Gold Goes Up, Too

Governments are going bankrupt. Bets and debt are being called, probably US dollar denominated. Thus a demand for dollars. The US dollar is going up BUT gold goes up, too. Gold, silver, atoms, stuff are being more highly valued than paper or digital financial instruments, particularly more than government fiat (order) tokens. More and more people are realizing that real safety, insurance lie in

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-19750506908999537712009-12-16T15:48:00.002-05:002009-12-16T15:57:32.999-05:00Gold Is Looking Bullish

Nothing says that gold can not go lower here but it sure is looking bullish. The shares (equities) are suggesting the same thing.Jim Rogers in a December 10 interview:He says he likes silver better than gold, that central banks have turned from sellers to buyers, and, that there is no bubble here in gold.Gold is trading nothing like it has in all the years since the bull market in gold began.

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-3288737595841514192009-12-10T17:19:00.004-05:002009-12-10T18:23:17.168-05:00The HUI and Gold

The AMEX's HUI (gold bug index) is suggesting that gold is near its low for this pull back.First, here's the big picture:About 2 years ago, people were buying gold/silver shares as the HUI approached 500-525. Then the HUI took a big plunge down to around 150. What percent of people involved in this huge plunge were not vowing to get the heck out when the HUI made it back to break even? Not many.

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-37472627731958433362009-12-09T03:25:00.004-05:002009-12-09T04:50:07.775-05:00Gold, US Dollar, Celente

Gold is correcting/reacting to the small rise in the US dollar. Also, gold got up near the top of the two parallel lines that form a channel. Big deal. To be expected. Bull markets in gold and silver do not go straight up. Bull markets make higher highs and higher lows. The head and shoulders formation of gold's over one year long deep correction say that gold is going to $1,300 at least,

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-87573297097416936932009-12-04T06:41:00.002-05:002009-12-04T20:13:14.699-05:00What Is Reality? Two Gold Prices.

There are inflation adjusted gold prices and nominal gold prices.If nothing changes in a residential neighborhood in the US over 10 years and the price of a house doubles in 10 years, it is not because the value of the house increased. The value of the house stayed the same. The doubling of the price (in the US) is due to the US dollar decreasing by 50%. So, the inflation adjusted price of the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-63178412721328067772009-12-02T16:11:00.004-05:002009-12-02T16:13:48.931-05:00Gold, Silver and The Fed

The only point for any government to have a central bank is for looting the ignorant, the clueless. Now a days in the US at least, that includes the middle class, which will virtually disappear as well as a significant percent of the wealthy. President Andrew Jackson knew this and accomplished the closing of the second central bank that the US had. It had a much shorter life than the current [The

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-70336963993533705962009-11-28T06:51:00.002-05:002009-11-28T07:30:54.848-05:00Gold vs US Treausry Bills

Gold, over a good number of decades, has beat US Treasuries of any maturity handily. No contest. US Treasuries are something "safe" that people run to when they feel threatened. I guess they do not do facts. One of these days, that is all going to change.Actually the real negative rate is a lot lower since the CPI (consumer price index) is rigged to be unrealistically low. "With the exception

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-63622730261020833382009-11-26T14:52:00.002-05:002009-11-26T15:06:43.645-05:00Gold and the US Dollar

Gold is going up. The US dollar is going down. Gee, wonder why. Not that gold can not move to the upside on its own.Amazingly, the air head Muppets on CNBC are taking Ron Paul seriously all of a sudden. Could it have been the relentless rise of gold over the last month that has forced them to make an about face, 180 degree turn from ignoring gold so that they won't be consider stupid or out of

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-11838490330682705652009-11-24T11:59:00.002-05:002009-11-24T12:19:01.862-05:00Peter Schiff on Gold, Geithner, Roubini, the Fed, Housing

Peter Schiff on his end of the week wrap up last Friday comments on gold, Geithner, Roubini, the Fed, the federal government continuing the conditions that enabled bad housing loans to be made. To do this, the financially broke federal government has to borrow more dollars where ever it can get them from. Right now it is mostly from the Fed which created them out of thin air. To do this, though,

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-62130049908012282232009-11-21T11:08:00.013-05:002009-11-24T11:58:16.212-05:00Murphy Explains Some Fundamentals Of the Gold Bull Market

Bill Murphy, Chairman of GATA, clues people into some of the fundamentals of the gold bull market that is underway.Amazingly, this interview is on Bloomberg (the mass media)! The boyz/cartel must be properly positioned to make it on the upside now. Bernie Lo in Hongkong interviews Bill Murphy in Dallas, Texas.The sound is low. If you plug ear phones into your machine, you can hear it better. The

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-85230831321425285772009-11-21T06:48:00.008-05:002009-11-21T13:47:55.023-05:00Gold and Silver - Protection From A "Racket"

Here is organized crime at work:Here is more organized crime at work:Greenspan knew better. He used to hang out with Ayn Rand's crowd and was in business for himself although that one went down the tubes. He got the El Hefe job at the Fed just in time. Just another guy that went over to the "dark side". All Ben, the current puppet, knows is the world of academia. He has no business, banking, or

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-62583106208484649212009-11-20T20:33:00.005-05:002009-11-20T21:12:33.791-05:00New All Time Gold High

The gold price and the silver price are going gang busters to the upside surprising most people, and still people are having a hard time believing there is anything sustainable about these moves to the upside in gold and silver. So be it. You can lead a horse to water but you can not make the horse drink the water.Gold made an all time New York daily closing USD high.Gold also made an all time

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-24904961200678954792009-11-08T08:40:00.003-05:002009-11-08T08:44:36.680-05:00Gold, Silver and US Treasuries

US bonds have been going up at a good rate since the early 1980s. This can not last much longer considering the number of USD being created out of thin air, which means an equal amount of debt is being created for each USD. This, when the problem is too much debt in the system to begin with. Nutty, crazy, incredibly irresponsible action! Why would the price of bonds keep going up as the US

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-72785972079566053722009-11-06T06:15:00.003-05:002009-11-07T23:12:30.987-05:00Gold, Celente, What's Happening

The economic/financial "shake, rattle and roll" is about 2 years old and is continuing. There are no green shoots. Those with decent stashes of gold and silver will feel less of it than those who are not prepared, which if current investor sentiment is any guide, most are not.In 2007 global investments were about 200 trillion dollars worth. Now that may be down to 150 or even 100 trillion dollars

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-14559450878173577042009-11-04T11:11:00.002-05:002009-11-04T11:12:40.254-05:00HUI Index and Gold Possibilities.

The HUI gold bugs index of gold and silver related shares could very well be around 640 in 6 months:There is no real telling how high gold can run up, but it has huge room to run. Expect really big volatility as gold runs up. Big moves both ways, up and down. This applies to silver, too. "Be right. Sit tight."- The great Jesse Livermore

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-11613689043179859732009-11-03T09:17:00.003-05:002009-11-03T09:18:52.304-05:00Silver Could End Up Being Priced As High As Or Higher Than Gold

Mike Maloney - Gold should reach $15,000/oz!Here is the youtube.com link to see and hear Maloney explaining why.At the moment, gold has a USD price over $1,000. Silver has a USD price under $20.Here's the thing. It could be that the US Treasury has been leasing gold to other parties that in turn sell it for USD to invest in something else. If true, this could help explain part of the reason that

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-20232987598530945012009-10-31T12:24:00.017-05:002009-11-01T03:55:15.977-05:00The Recent Gold Price Action Is Saying The Fed And Other Western Central Banks Are in Desperation Samba Mode

Over the years governments have been selling their gold to keep the gold price down. To keep the canary in the coal mine from making noises. Well, they are running out of gold to sell. They can't make gold like they can fiat tokens. The US Treasury probably has well less than half of what they say they do. There has not been a public audit of the gold in the US Treasury since the '50s. Why would

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-76466388818682319262009-10-29T15:20:00.003-05:002009-10-29T15:22:55.911-05:00US Dollar, Silver, The Re-emergence of Gold

From The Privateer's end of week wrap up 'Gold This Week':If you are content to have your government take care of your financial future, then the Gold price is, or should be, reasonably irrelevant to you. If you are NOT content, then it should be of the HIGHEST interest. That is especially true if you are not buying Gold with $US Dollars. In terms of many other major currencies, Gold has hardly

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-51994684795478362202009-10-28T02:41:00.002-05:002009-10-28T02:45:12.444-05:00Gold and Silver Can Offer Some Protection From Insanity. Francisco d'Anconia. Realistic Inflation Adjusted Gold and Silver Charts

Some reasons for the prices of gold and silver going up. It does not matter much which government fiat token you use to price gold. Most governments are in a competitive fiat token devaluation action. One government that is in horrendous financial shape is the US. It is blowing up its budget deficit. Where/who are they going to borrow from? The deficit will be well over a trillion USD. The rest

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-67611347788986476502009-10-27T07:16:00.002-05:002009-10-27T07:17:36.344-05:00Gold, Goldfinger, Celente, Garrett, Bought Economists

Shirley Bassey singing Goldfinger - Live at Royal Albert Hall Gerald Celente does not see much hope for the US:*****"The general shape of this universal delusion may be indicated by three of its familiar features. First, the idea that the panacea for debt is credit." - A BUBBLE THAT BROKE THE WORLD, By GARET GARRETTThe above link is to a free version of the book. A 186 page .pdf down load.

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0tag:blogger.com,1999:blog-8958500.post-22655753196142355822009-10-24T04:42:00.001-05:002009-10-24T04:44:13.930-05:00Gold and Silver Ceilings Are Now Floors

For well over a year, gold has been up against a ceiling of about USD 1,000. It has decisively broken through that level. That ceiling for gold is now a floor for gold. The upside down head and shoulders patterns turned out to be good indicators of the future of the price of gold.Since too many people's heads are in the sand, took the blue pill, with a controlled US mass media, they are not aware

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0