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Nov 19, 2009


Jim Rickards: If gold is money again, it goes to between $4,000 and $11,000

4:15p ET Thursday, November 19, 2009
Dear Friend of GATA and Gold:
Jim Rickards, director of market intelligence for McLean, Virginia-based consulting firm Omnis, was allowed onto CNBC again today to make gold-friendly comments. You may recall his blunt statement on CNBC back in September: "When you own gold, you're fighting every central bank in the world":
Today Rickards remarked that the United States and China are devaluing their currencies against each other in a game of chicken, that gold should easily reach $2,000 per ounce next year just as a matter of supply and demand, and that if gold should start being considered money again, it would have to rise to between $4,000 and $11,000 to support the big increase in the world's money supply.
You can watch Rickards' comments at the CNBC archive here:
Just please don't tell CNBC that this is all GATA-type stuff.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Keep an eye out for a pull back in the gold elevator!

¡¡¡ GOLD ALERT !!!

Adam Hewison makes a new analysis on gold taking into account a possible pullback in it's price that we should be vigilant with . The long term still bullish. For your tradings and improve your knowledge in Technical analysis I strongly recommend  to watch this video ASAP

Fernando Guzmán Cavero

The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.

In my latest video I give you an idea of what I think is going to happen to this market in the short-term and long-term.

As always our MarketClub videos are free to watch and there is no need to register.
All the best,
Adam Hewison
Co-creator, MarketClub

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