Tuesday, May 18, 2010


Gold today is one of the biggest dummy-proof investments in human history.
How in the world can gold stay anywhere near current levels?
And how in the world can the dollar or the Euro remain anywhere near current purchasing power?
Folks, today we have the biggest dummy-proof investment vehicle in world history right before our eyes because the biggest fraud in human history is taking place with these banker bailouts.  Whole countries are being bailed out of their short term debt problems with the addition of much more longer term debt that will only add heaps of additional problems onto existing problems down the road.
The factors pointing towards a gold boom are staggering.  Likewise, the factors pointing towards currency devaluation are staggering.  There are no contrary indicators that have a prayer of mitigating these diverging trends.
Hello gold boom.  Goodbye dollar.
- Tate Ulsaker
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Eric King: Rob McEwen was being interviewed on CNBC this morning and was discussing the timetable for his $5,000 price target on gold. What has been interesting is the amount of coverage gold has been getting on CNBC lately. This coverage, by and large, has encouraged investors to sell, and this is gold friendly.
Getting back to Rob's interview he commented, "We have declining production, and we have massive amounts of monetary stimulation that will debase the currencies around the world."
He was asked why he was so convinced that gold would continue to run when guests on CBNC were saying to take profits, and Rob replied, "We really haven't seen the effects of the massive stimulative policies that are in place right now, and it's going to get worse."
When asked about his $5,000 target price Rob stated, "That's probably 2012 to 2014."
Rob is a veteran of markets and knows this bull market is secular in nature and will ultimately reach its full maturity at much higher price levels.
To hear a more in depth interview with Rob McEwen recently on King World News CLICK HERE.
To see the CNBC interview CLICK HERE.

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