Media Watch - Keeping Track of Gold and Silver Mainstream News

Discussion in 'General Precious Metals Discussion' started by Atomic79, Apr 26, 2011.

  1. Nugget

    Nugget Well-Known Member Silver Stacker

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    hmm


    Playing Devils Advocate but at least you can eat them, unlike .999 silver ;)
     
  2. goldpelican

    goldpelican Administrator Staff Member

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    They don't pay interest though.
     
  3. fishball

    fishball New Member Silver Stacker

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    MSM barely reported anything on Gold/silver today due to the wedding and hurricane in the US; finally the UK wedding is doing something good ;)
     
  4. goldpelican

    goldpelican Administrator Staff Member

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    Hot off the presses...
    Loved this quote:

     
  5. trader10

    trader10 Member

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    LMAO ! amazing GP..... just the same as the other idiot called Gordon Brown..... remember that ?

    Between 1999 and 2002, Mr Brown ordered the sale of almost 400 tons of the gold reserves when the price was at a 20-year low. Since then, the price has more than quadrupled, meaning the decision cost taxpayers an estimated 7 billion

    http://www.telegraph.co.uk/finance/...you-sold-Britains-gold-Gordon-Brown-told.html

    A decade ago Gordon Brown started to sell-off Britain's gold reserves - at the time the price of gold was $282 an ounce, today it is $1,540-plus.

    http://www.telegraph.co.uk/finance/...f-of-Britains-gold-reserves-10-years-ago.html



    Sometimes I think they have done it for some other reason..... one cannot have so much power to do such stupid moves from taxpayers expenses..... go figure it out....
     
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    Easy to figure. Buttons are pushed by the masters of the world's finance and so the price is controlled.
    Either outright collusion (Brown) or similar manipulation of ego and self-interest (both).



     
  7. projack

    projack Well-Known Member Silver Stacker

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  8. Blockhead

    Blockhead Active Member

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    More about Real Estate than PM but ABC news quoted Steve Keen earlier as saying that Australian Real Estate is in a bubble that is about to burst..

    http://www.abc.net.au/news/stories/2011/04/29/3204010.htm?section=justin

    "This is pretty much what happened in America as well, because the way that a housing bubble burst begins is by an increasing overhang of unsold properties and sellers being reluctant to drop their prices," he explained.

    "If you look at the American data in about 2006 to about 2007, their prices went sideways too as that resistance was held, but the overwhelming growth in the stock of unsold properties and the drop-off of demand ultimately meant that people simply had to drop their prices if they had to sell, and then you saw the cascade in prices taking place over there."
     
  9. Stacks On

    Stacks On New Member

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  10. chirofalls

    chirofalls New Member

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    Tomorrows sun herald (sydney) page 3 and 4 of financial section dedicated to silver taking off!
     
  11. SilverSanchez

    SilverSanchez Active Member

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    1st May - Sunday Age investor Magazine pg 4 & 5 "In-gemand silver all set to soar"

    and

    "No longer in second place" - mentions BHP, AYN, CCU, CXC, IAU, PEM and the etfs... good article public is definatly gettign the info... 3rd wave of the bull market, put your seat belts on for the next 7 months wont be boring :)
     
  12. Atomic79

    Atomic79 New Member

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    Is there a link for this?
     
  13. Bimbo

    Bimbo New Member

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    Hello Mi$$ Honey. If you check out the following www.smh.com.au you'll find the article there under a search for 'silver'.
     
  14. Atomic79

    Atomic79 New Member

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    Lots of good reading, thanks for that Bimbo!
     
  15. Bimbo

    Bimbo New Member

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    No worries Mi$$ Honey...any time. Good to see you back in circulation again. Its been awhile since you've graced us with one of your analytical comments and stirred up the boys, err... um.. men, on this sight.
     
  16. mickjohn

    mickjohn New Member

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    CNBC was interesting this morning in the states.

    A lot of attention to OBL's death and the significance, mission profiles, intelligence etc etc.
    Then, in 'other news' Precious metals.

    3 'experts' - none familiar to me (not maloney/schiff etc) spent a few minutes on Copper, Silver and Gold.
    Cant find it on youtube but a brief synopsis.
    Copper - remained flat recently due to reduction of China buying. China are reducing their stockpiles and will re-enter the market soon. Prediction 40%+ over next 12 months. Looking to replace silver in some industry(like solar panels-?) due to increase in silver price.

    Silver - Very volatile at the moment, very bullish sentiment. prediction that after this wave of pre-$50 silver is broken and silver goes through that barrier and stays there for a couple of days, $60 will follow within a couple of weeks with a longer term prediction of $80/oz by 'around the end of the year'. References were made to the Hunt brothers and increased demand in industrial usage. Stand out performer and likely to continue but most volatile.

    Gold - Most consistent performer -stellar performance, been going up for years etc etc. Reference to the fact that it is now almost being used as an 'alternative currency' and safehaven for wealth. Prediction was that its likely to continue its run and be more stable against silver for less returns.

    --
    No real news flash there for most of us. Was interesting as CNBC - a fairly prominent news channel here broke their news about the recent military success and spent a complete segment on PMs.
     
  17. mickjohn

    mickjohn New Member

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  18. mickjohn

    mickjohn New Member

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  19. rbaggio

    rbaggio Active Member Silver Stacker

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    Kochie just mentioned:

    Silver fell another 4% overnight
    Silver has fallen 20% since it's recent peak
     
  20. rbaggio

    rbaggio Active Member Silver Stacker

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    Kochie again this morning:

    * Silver down another 8% overnight
    * It has now fallen from $50 to $35
     

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