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New EW Silver Discovery – Alf Field Febr 2012
1 Feb 2012
Alf Field predicts $ 158 as the next target for silver Alf Field, my good friend and Elliott Wave Expert par excellence, has produced a superb analysis on silver forecasting that the next objective for silver is $ 158 which corresponds with [...]
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Gold Market Positioned for Massive Upside Move
31 Jan 2012
With Central Bank balance sheets exploding and no solution to the EU problems or the US deficits, unlimited money printing will accelerate. Egon von Greyerz covers these topics in two recent interviews with King World News and Metallwoche in Germany. King World [...]
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Die Metallwoche Interview with Egon von Greyerz
31 Jan 2012
Metallwoche international – presents Egon von Greyerz „Money printing everywhere“ With another EU- Summit just in front of us and Gold and Silber strengthening again, we speak to Egon von Greyerz not only about the market, but also about the worldwide debt [...]
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KWN interview with EvG Jan 23, 2012
26 Jan 2012
Eric King of King World News again had a brief telephone interview with Egon von Greyerz posted on the KWN blog on January 23. Von Greyerz – Gold Breaking Out, Will Hit New All-Time Highs The full interview before the not unexpected [...]
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GOLD CORRECTION IS OVER by Alf Field
12 Jan 2012
I am very pleased to share with our clients and readers my good friend Alf Field’s latest article on gold. Alf, who is based in Sydney, is one of the world’s most prominent forecasters on gold. He now believes that gold has [...]
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The alchemist invests in gold
March 19th, 2009 by Egon von Greyerzby Egon von Greyerz
Everything the world’s most successful hedge fund manager has touched in the last couple of years has turned to gold. Now he is also investing in gold. This will be the first of many fund purchases of undervalued gold shares.
Paulson said in a recent interview:
John Paulson: We believe one of the asset classes to benefit from the very expansive fiscal and monetary policies in the U.S. and other countries will be gold. The rapid expansion of U.S. sovereign debt and monetary supply may lead to diminished confidence in the U.S. dollar as a reserve currency.
As investors lose confidence in the U.S. dollar and other paper currencies, gold is likely to be a primary beneficiary.
Paulson group buys into AngloGold
By Michael Kavanagh and James Mackintosh in London
Published: March 17 2009 20:07 | Last updated: March 17 2009 20:07
Paulson & Co spent $1.28bn buying Anglo American’s stake in gold miner AngloGold Ashanti on Tuesday as the New York hedge fund moved from betting against banks to betting against governments.
Paulson, founded by billionaire John Paulson, bought 11.3 per cent of the Johannesburg miner as part of its bet that gold benefits as paper currencies suffer from the financial crisis and from governments printing money.
Mr Paulson has become one of the most closely followed hedge fund managers after his bet against subprime mortgages became the most profitable trade in history in 2007, securing profits of more than $10bn for his funds.
Gold is a traditional safe-haven purchase and has become increasingly popular with hedge funds this year as they worry about paper currencies being debased, causing inflation.
MORE……
19th MarchGold Switzerland - Matterhorn Asset Management
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Tags: The Alchemist