Gold Jumps To 1300 and is trading just over today. I remember when we were talking about this level only 16-18 months ago, and people were scratching their heads. Well fast forward to today and YES! we are there.
It just goes to show you that the smart money is pouring into such commodities as they do not trust the government and their lies and mis-information about an economy out of recession. The proof is in the pudding really.
Here is our latest update with more about gold, the U.S dollar and the up and coming US elections. Click on the play button to watch.
Just another manic Monday after a hectic weekend..right? Sometimes the dreaded Monday comes around too quick I must say. Well not today! You have to watch the video that was given to my by a friend this morning. It really pepped me up, and I am sure it will have the same effect on you! (maybe more)
Check out this video below. It is like getting a triple shot of adrenalin juice and an enlightened way to start your week!
All That Glitters Is Gold, my word. We have been talking about this for a long time. Our NEWSLETTER SUBSCRIBERS would be very aware of this. Read on below…
The price of gold struck an all-time high above $US1300 an ounce on Friday after the dollar weakened following poor US data.
Gold hit a record $US1300.07 ($A1371.45) an ounce at 1318 GMT (2318 AEST) on the London Bullion Market.
It had already reached an all-time high earlier on Friday, extending a recent record-breaking run, with the precious metal boosted by its safe-haven status amid an unclear economic outlook.
I have to add here that it is a relief to see gold climb so high, as many of our members are making money from this. I can now stop getting on the bullhorn and tell people to buy gold like a rancid hormonal teenager. It is clearly a good investment for the longer term. But as we all know prices such as this do not go up in a straight line. So it is best to be on the backfoot, and not act like a drunken gambler in remission. It seems like that even the bored crack dealers in the street are using the extra cash lying around to invest in gold. Hot diggity!!!!
$1300, wow….I have to say we saw it coming many moons ago, if you do read our newsletters. But this is very interesting and just another tell tale sign that things are not as good as Mr Obamageddeon says they are.
Is the US Government ‘hiding true amount of debt’? ?. The only way to answer this is with a big fat YES! I was even suprised to see that they are now starting to report this in the Australian media Click Here To Read More. Hmmmm Very Interesting.
THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.
“The Government is lying about the amount of debt. It is engaging in Enron accounting,” said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America’s Economic Future.
Thirty years later, based on this year’s second-quarter numbers, the CBO said the debt was $US13.4 trillion, or 92 per cent of GDP. I my eyes, that is like sitting on top of the Hiroshima bomb as just before it is about to go off.
Everyday gets more frustrating for me, as the market gets manipulated up and the people continue to listen to the B.S. Coming out of wall st, and the so called other reliable news networks.
Many of our FFT subscribers know that we have been screaming to buy gold for many years now. WHY? Well as a hedge against inflation it is an easy bet. And at the moment, we only have to look at the gold prices to work out what people are screaming. THAT IS “INFLATION IS COMING!”
As our technical analysts here work through their normal series of charts, something has got them excited. The price of gold futures this week.
Things can reverse at any time, especially from daily breakouts. But these are bullish Ascending Triangles which must be respected. They look very VERY BULLISH. When ever you see a pattern like this in a chart, technically speaking you would expect much higher prices to follow. I got to say, that looking at this chart is making me excited because personally I am heavily invested in gold. And so should you! I should be keeping this quiet, oh heck with it, I will post it up for you guys to feast your eyes upon. She is a beauty….aint she!!!
Well after a long wait, and a very drawn out election a winner finally emerged. Labor won by just a whisker! Just as we forecast, we were expecting Julia Gillard to remain in power and that seems the case now. But what we are witnessing is some of the greatest changes in parliament that we have ever seen. With key independents and even greens winning a seat there are obviously going to be big shake ups coming…but I like to think that fate is having it turn at setting Australia straight.
It sure will be interesting to see what will happen over the next 12 months. The people have spoken and it is telling our Julia she better SHAPE UP……or SHIP OUT! Hopefully she hears this message and the labor government can now start to make some good improvements. Australian people want changes, so here is hoping that they get them.
