Nine main reasons to push gold, and silver, higher and higher

Gold expert Jeff Nichols, in a speech last week in Bangkok, Thailand, put forward nine main reasons for gold to rise and continue to rise in the short, medium and long term before, eventually, the bull market will end and the bears may have their day - but he sees this as a long way off yet.

Nichols reiterated his predictions on the gold price which, in the short term, could even be considered conservative in the light of yesterday's breakthrough to new highs as buying pressure exceeded that of profit-takers and those whose interests may otherwise lie in keeping the gold price down. He believes, he said, that "before long, we will see gold hit $1500 an ounce - possibly even before the end of this year . . . or during the first half of 2011." And followed with "Not only will prices move substantially higher in the months ahead - but the uptrend still has years to go . . . with gold very likely reaching $2,000 and eventually $3,000 or even $5,000 before the gold-price cycle shifts into reverse."

The nine major points which bring Nichols to this conclusion are as follows:

· First, inflationary U.S. monetary and fiscal policies - past, present, and future - along with a recession-like economic performance - a "double dip" or worse for years to come.

Entire Article HERE

Hyperinflation and Unemployment Two Signs of Serious Trouble

09/15/10 Paris, France –

The big news from yesterday was the rise in the price of gold. It went up $24 to a new all-time high. The stock market was just about flat.

What does it mean?

Well, the dollar is going down, for one thing. Bonds too. Has the long-awaited turnaround in the bond market finally begun? We don’t know. We really didn’t expect it so soon.

John Williams, who keeps track of what is really going on in the economy at his “ShadowStats” outfit, says to expect hyperinflation within 6 to 9 months.

Seems too early to us.

But a major turn in the bond market…and much higher inflation rates…are coming. And you don’t want to be holding US bonds…or muni bonds…or any kind of bonds when they arrive.

What then?

Cash and gold. Those are the only reasonably safe positions now. Your gold will go up. Your cash will go down. You’ll come out even. That will be a lot better than most people.

Entire Article HERE

Silver About to Break Out BIG!

Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50.

Silver is one asset class I do not cover very often, but have been largely bullish on since $6 an ounce many years ago. It can be considered "poor man's Gold" as they say. I believe Silver is about to stage a pretty large advance based loosely on the Elliott Wave pattern I see unfolding after a 9 odd month consolidation. (Obviously, there are also fundamental fiat currency/debt events worldwide that give it the underlying bull chart pattern). Since the average person can't run out and buy an ounce of Gold for $1,240 tomorrow, as the unfolding of the fiat crises continues to enter the public psyche, you will see a strong populace movement into buying silver, silver coins, etc. To wit, many silver stocks are moving up strongly of late, signally an imminent breakout of this precious and industrial metal.

The triangle pattern has taken nearly 9 months so far, and a move over $19.50 could start a multi-month run targeting $26-$29 per ounce for starters before a broad pullback. A few silver stocks worth looking at include SLW (Silver Wheaton, which purchases future silver mine production in advance at a discount), a long-time favorite of mine and Fortuna Silver, a growing producer and explorer favored by some of the brightest minds in the business. I do not own shares in either, so I have no inherent bias to mention them other than they are worth your time to review sooner than later. TMTF does not offer stock or trading advice, so please do your own research and consult a professional if need be.

I post the Silver chart below and my outline shows my views of a multi month 5 wave bullish triangle pattern on a weekly chart. Silver needs to bust through $19.50 per ounce to confirm, but I suspect we will see this fairly soon.

Entire Article HERE

A Brief History of Silver and Silver Colloids in Medicine by John Hill

Silver has been used as a medicine and preservative by many cultures throughout history. The Greeks, Romans, Egyptians, and others used silver vessels for water and other liquids to keep them fresh. Pioneers trekking across the Wild West generations ago faced many hardships. Keeping safe drinking water was one of them. Bacteria, algae, etc. found a fertile breeding ground in the wooden water casks that were carried on the wagons. They placed silver and copper coins in the casks to retard the growth of these spoilage organisms. They also put silver dollars in their milk to keep it fresh.

Entire Article HERE