Gold tops 1900 an Ounce

18
Aug
0

In a very exciting few days of trading our yellow metal proved once again its propensity to pull back the drapes and show the shortcomings of the shadow that our fractional banking system has become. Just as Martin Armstrong recently stated, Gold represents more than money, more than even a precious metal, its is nothing less than a tangible physical incarnation of the general public’s fear and distrust of the system of currencies and fraudulent world governments behind them.  More on this later.

Unfortunately now I feel obligated to inform you that Gold will in fact fall in price very soon, despite a seemingly insatiable demand from the markets hungry for risk aversion and a traditionally bullish season for all precious metals.

For the same reasons that Gold is in its rally, the banking cartels know they must reign in and head off the stampede because its appreciation in value destroys the illusion they have worked so hard to create. The cartel can and must destroy this rally at all costs, and I believe they will very soon.

In fact, you the reader may at this moment be thinking I am crazy, and indeed you may be right, but as I concede you may be right you should allow me the same benefit here, but mark my words, we will see Gold trading back down all the way to Fibonacci support lines around 1740 within a fortnight.

Please be careful out there.


Silver Backwardation, How Low can we go?

26
Mar
2

Silver gained on a falling dollar again yesterday, in a pattern consistent with the long term trend. The silver to gold ratio is performing exactly as I predicted in fall of 2008. Thanks to many of you who have written me with your praise and considerations. I would at this time encourage everyone to read Ted Butlers latest post, and to honor his request to write the CFTC regarding the needed implementation of position limits in the Silver futures market. In other news the US Mint has once again began rationing American Silver Eagles, be sure to check back as i will be following this story closely.

Economics

27
May
1

Coming Soon. Please bookmark this page for useful information about economic concepts and news.

Fiat Money

27
May
1

I have often found that there is a common misconception about the term fiat money and how it applies to our currency here in the United States. Fiat money is money declared by a government to be legal tender and useable for exchange of goods or services.The term is derived from the Latin word fiat, which translates to “let it be done”. Fiat money only has value because a government accepts it as payment for taxes and says it can be used within the country as a “tender” (meaning offering) to pay any and all debts. In effect, this allows it to be used to buy goods and services and to pay tax. Where fiat money is used as currency, the term fiat currency is used. The most widely-known and most held reserve currency, the US dollar, is a fiat currency because it is backed by the federal reserve bank, a large corporation which among other things determines fiscal policy for the United States.

Gold tops $960 an ounce

27
May
5

Gold futures increased Friday for a fourth-straight session, briefly going over the $960-an-ounce mark for the first time in two months as the U.S. dollar weakened against its rivals on concerns over the U.S. credit problems and national debt.
Gold for June delivery rose to $963.10 an ounce in early morning, topping $960 for the first time since March 19th 2009. It was last up $6.30, or 0.7%, to $957.50 on the Comex division of the NY Mercantile Exchange. The metal is on track to end the week up nearly 3%.
The U.S. dollar fell Friday to the lowest level in four months against the euro as worries increased that the U.S. could lose its credit rating as it digs itself deeper in debt.
Never has there been a better time to own Gold.

Liberty Dollars

27
May
2


Do you remember when gas was 25-cents a gallon? My Grandfather once told me he remembered when it was 5 cents a gallon. You could take a dollar down to the gas station and buy more gas than you would ever need! At that time our dollar was backed by real money - gold and silver. And guess what? That same amount of silver still buys the same amount in gallons of gas today! Proving that real money like gold and silver holds its value and it is the US dollar that buys less and less, it is obvious to see the effects of hyperinflation taking hold of our currency from the massive amounts of liquidity being pumped into the marketplace.

As a matter of fact, when you think about it, you realize that gas, food, and almost everything else has NOT gotten more expensive. It only seems that way because the value of the US dollar is worth less and less so it takes more and more of them to buy the same things. Most people think prices have gone up but in reality: it is the value of the US dollar that has gone down. There is a simple and profitable solution to higher inflation - good old-fashioned silver and gold Liberty Dollars; just as our Founding Fathers intended!

Welcome!

27
May
3

Hello and welcome to the newest version of the Craig Duling site. Check Back Soon to gain access to the many things we have coming in the near future.