Wednesday, July 17, 2013

Ron Rosen: We are on the verge of the biggest move in the history of the precious metals market – Silver will advance roughly 800% and gold is set to soar over $3,000 from current levels

With continued uncertainty in the gold and silver markets, today a 58-year market veteran told King World News that silver will advance roughly 800% and gold is set to soar over $3,000 from current levels.  Ron Rosen, who has been at this business for almost six decades, also spoke about the mining shares..
Eric King:  “Ron, you’ve been doing this for 58 years, where are we right now as you see it in the gold and silver bull markets?”
Rosen:  “We are on the verge of the biggest move in the history of the precious metals market, and it’s not far away from beginning.  It’s going to be a monster move….
http://kingworldnews.com/…Silver_Set_To_Advance_A_Remarkable_800_From_Current_Levels.html
Japanese Consumers To Become Net Buyers Of Gold Again After 8 Years
as the yen’s decline and looming inflation drive them to seek refuge in bullion, Bruce Ikemizu, the head of commodities trading in Tokyo at Standard Bank Plc.”Ron Rosen
While the largest gold ETF in the Western hemisphere is unloading physical gold, the land of the rising sun is doing the opposite. The biggest ETF in Japan has accumulated 10% of its physical holding this year. Bloombergwrites that “Japanese consumers are poised to become net buyers of gold for the first time in eight years as the yen’s decline and looming inflation drive them to seek refuge in bullion, Bruce Ikemizu, the head of commodities trading in Tokyo at Standard Bank Plc.”

Weakness in the yen driven by a huge monetary government stimulus, incited Japanese people to hedge against inflation. “Bullion is sought here as a hedge against inflation and a rout in financial markets,” Osamu Hoshi said in an interview. He is the general manager at Mitsubishi UFJ Trust and Banking Corp., which introduced the nation’s first gold-backed ETF three years ago. Bloomberg reports that the trading value in Mitsubishi UFJ Trust’s gold ETF on the Tokyo Stock Exchange amounted to 7.23 billion yen in May. It has become the most-traded commodity fund listed in Japan.
http://goldsilverworlds.com/investing/japanese-consumers-to-become-net-buyers-of-gold-again-after-8-years/
Why Stephan Bogner Believes You Should Be 100% Invested in Precious Metals
The fundamentals for gold and silver have never been as bullish as they are today. Money is much more likely to flow into the sector, as there’s no other place to hide from the increasing uncertainty and excesses of our financial and economic system….
http://news.goldseek.com/GoldSeek/1373918400.php
Hinde Capital – The time to buy gold is fast approaching, if that time is not already upon us.
the bursting of the ‘Great Bond Bubble’ will lead to a formative & substantial rise in gold as official money, institutional & investor money seeks an asset that can protect us all from a global default & resetting of the monetary order….
http://www.zerohedge.com/print/476435

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