:: Wednesday, March 17, 2010

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Fat Prophets have been gold bulls for a long time and I give them kudos for that. However, in a recent article The Silent Gold Rush Is On they make the following faulty analysis:
The Australian newspaper reported over the weekend that the Perth Mint is not taking any more orders for gold until January. Our [...]

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Yesterday I was dismissive of the recall of Hong Kong’s gold as significant, but it is another bit of evidence of a shift in central bank attitudes towards gold. Far more significant indicators include (see this MineWeb article):
* China’s announcement that it had moved 454 tonnes of gold into its reserves since 2003
* Central Bank [...]

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The FRN$, the world’s reserve currency, has no definition and the quantitative easing will fail.  After all, what is a dollar?  Because there is no definition therefore it is impossible to perform accurate, or even semi-acccurate, calculations of value using this tool.  Consequently, other key ratios ought to be used to hone in and focus [...]

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I have kept my super secret system a secret for many years, but I have to let you in on it now because a great calamity will befall gold shortly – once it breaks $1000 it will be downhill to $500. The chart below does not lie!
You will note on my chart that the time [...]

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RUSSIA IS MASSIVE BUT DISAPPEARING
Russia with 6,592,800 square miles (17,075,400 square kilometers) spanning 11 time zones is easily the largest country in the world covering about 1/8th of its landmass.  The BRIC  economies, Brazil, Russia, India and China are both similar and different.  With only about 142 million people, tremendous natural resources and about 8 million [...]

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