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Ben Davies of Hinde Capital talks about Gold being the currency of first resort

He mentioned that Gold is substantially undervalued compared to the amount of paper currency and how unallocated positions are dangerous because if you want to take delivery of the physical, there might not be any at all

Thomas Kaplan of Tigris Financial is probably world’s ultimate gold bull. His famous quote “‘I feel the only asset I have confidence in is gold.”

Through his firm, Tigris Financial Group, and affiliates, Mr. Kaplan has invested on bullion and properties in 17 countries

Even George Soros and John Paulson take notes from him, following him into certain investments and he has invested about 2 billion into gold

http://online.wsj.com/article/SB10001424052748704167704575258783702875778.html

It seemed like the CFTC is keeping silent on the Gold and silver manipulation. It was on March 25th this year, at the CFTC Public Hearing on Precious Metals GATA made a dramatic revelation of a whistleblower source, Andrew Maguire, who has first hand evidence of gold and silver market manipulation by JPMorganChase and who has even tipped off the CFTC in advance of manipulative attacks on gold and silver

Since then, nothing has been done to stop the manipulation or address the massive concentration of paper short positions by a few of the largest investment banks

Jason Hamlin from GoldStockbull.com did a study of the past months to trace a recurring pattern, regarding Andrew Maguire’s evidence of market manipulation. What he has discovered is indeed interesting.

He noted that the charts indicated that prior to expiration time, either in futures or options, that paper shorts increase their net short positions in order to manipulate precious metals (and stocks) downward

The Gold’s price action just prior to futures and options expiration since the start of the year to see if the charts (courtesy of Kitco) support the claims of manipulation.

Gold Price Manipulation Exposed

Silver is still undervalue even at $19 per ounce and it is poised to go higher, due to investment demand and also industrial demand

Half of silver demand which is estimated at  435 million ounces is used in industrial applications, from electrical conductors to solar panels according to GFMS Ltd.

Crystalline silicon solar panels use as much as 0.12 gram of silver per watt of capacity. The metal accounts for about 35 percent of a silver- oxide battery and as much as 40 grams of silver are used in a 32-inch plasma TV screen, VM Group estimates.

http://www.bloomberg.com/news/2010-06-27/silver-posting-best-streak-since-hunts-no-matter-which-way-economy-turns.html

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