Sunday, January 29, 2006

Interview With Jim Rogers, The Adventure Captialist

The Gold and Silver Review is pleased to announce its new partnership with GoldSeek.com Radio. Please click the image below to visit the brand new site:


The Gold and Silver Review at GoldSeek.com is very excited to announce our interview with renowned investor, author and TV personality, Jim Rogers. The show is expected to air by January 28th.


MP3 Format Click Here.
_____________________________________


SHOW ARCHIVE:
January 22nd,
Market Update:

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__________________________________

January 18th,
Interview With James Turk:

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RealAudio Format Click Here:

_________________________________

January 18th,

Interview With Dr. Marc Faber:

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___________________________________

January 13th,
Interview With Bill Murphy

from GATA:

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Saturday, January 28, 2006

The Gold and Silver Review, Friday January 28th, 2006

TO VIEW THIS WEEKS MARKET CHARTS AND ANALYSIS, CLICK HERE. OR CLICK HERE.

Friday, January 20, 2006

COMING SOON: Audio Interview With Jim Rogers, The Adventure Captialist!

The Gold and Silver Review is pleased to announce its new partnership with GoldSeek.com Radio. Please click the image below to visit the brand new site:







The Gold and Silver Review is very excited to announce our upcoming interview with renowned investor, author and TV personality, Jim Rogers. The show is expected to air by January 28th.

_____________________________________

SHOW ARCHIVE:

January 22nd,
Market Update:

MP3 Format Click Here.
RealAudio Format Click Here:

__________________________________

January 18th,
Interview With James Turk:

MP3 Format Click Here.
RealAudio Format Click Here:

_________________________________

January 18th,

Interview With Dr. Marc Faber:

MP3 Format Click Here.
RealAudio Format Click Here:

___________________________________

January 13th,
Interview With Bill Murphy

from GATA:

MP3 Format Click Here.
RealAudio Format Click Here:


COMING SOON: Audio Interview With Roland Watson.

THE NEW ERA INVESTOR

Roland Watson works as a software engineer in Edinburrough Scotland. He earned a degree from the University of Glasgow and holds a technical degree in artificial intelligence which helped secure a career in the telecommunication field. Roland focuses upon Elliott wave technical analysis and follows macroeconomic trends as they pertain to oil and the global economy. Roland is a published author and his numerous articles are available online. Roland has a subscription based newsletter, which can be found at his current blog: http://www.newerainvestor.com/. You can contact Roland at: newerainvestor@yahoo.co.uk

Wednesday, January 18, 2006

Audio Interview With James Turk



James Turk is founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.

To Listen To The Show, Click Here:

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Your copy of "The Coming Collapse of The Dollar..." is only a few clicks away. Click the image below to order today!



The dollar is in trouble. It has fallen against other currencies for the past three years, and now its orderly retreat could well become a rout. This spells potential disaster for the American economy—and potential riches for a few smart investors. In The Coming Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will plunge, and how you can profit from the resulting financial crisis.
The U.S. today is the world’s biggest debtor nation, printing money with abandon to sustain the illusion of prosperity. The federal government owes $7 trillion and its debt is soaring. As a society, we owe more than $37 trillion, or about $500,000 per family of four. Our trade deficit with other countries is staggering, and to finance this mountain of debt we’re flooding the world with dollars. The inevitable result: The dollar will decline until it is displaced as the world’s dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system.
James Turk, a leading gold authority and the founder of GoldMoney.com, and veteran financial writer John Rubino, show readers how to capitalize on gold’s dramatic climb. In The Coming Collapse of the Dollar, Turk and Rubino reveal which stocks and bonds will falter as the dollar declines and why that decline is virtually inevitable. They offer strategies for using gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio. And they explain how to make the most of your gold and other precious metal holdings, identifying the opportunities and pitfalls of buying gold mining stocks and the mutual funds that invest in them.
America’s debt binge has put its economy at grave risk. The value of the dollar is falling; many stocks are once again wildly overvalued; and bonds, tied to an ever-diminishing dollar, are a disaster waiting to happen. By investing in gold and other hard assets, Turk and Rubino explain how you can protect yourself from these dangers.

John Rubino is the author of How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). He spent the 1980s as a Wall Street financial analyst, and the 1990s as a regular contributor to theStreet.com, Individual Investor, Ziff/Davis/SmartBusiness, Online Investor, and Consumers Digest. He now writes for Fidelity Magazine, Kiplinger's Personal Finance, and CFA.

THIS WEEKS GOLD AND SILVER REVIEW

by

Chris Waltzek


Financial Sense Home l FSU Editorials l FSU Posts l Contact Us
GOLD AND SILVER REVIEWby Chris WaltzekSilverInvestor.blogspot.comJanuary 14, 2006
MARKET SUMMARY
This week, Gold closed at a new high point, a 25 year record. Gold stopped trading on Friday at $556, up more than $10. Silver finished near the break-even level at: $9.09, not far from a record close.
This week, I had the honor of interviewing, Dr. Marc Faber and Bill Murphy from GATA and Lemetropolecafe.com, on my Daily Gold and Silver Review broadcast. Dr. Faber is a brilliant economist who believes that there are far too many dollars in circulation. Dr. Faber points out, on the show, that he expects gold to remain a powerful alternative to paper based assets. Dr. Faber is a self proclaimed Inflationist, who worries about the dangers that fiat money poses to the global economy.
My next guest, Bill Murphy, indicated that he believes gold will skyrocket to the $3,000-$5,000 level in the years ahead. His case for such a move is very sound. Mr. Murphy is convinced that central banks are holding far less gold reserves than stated and that the gold cartel holding down precious metals is in the process of collapse. You can listen to Dr. Faber's and Bill Murphy's free interviews online or download to your Mp3 player at my blog: http://www.silverinvestor.blogspot.com/.
This Week's Guru Predictions:
With gold climbing to record highs, there was once again no shortage of predictions of higher prices to come. Jim Sinclair, the unrivaled Internet Gold King, stated boldly this week that no one will wrestle an ounce of gold or even a gold share certificate from his mighty hands! He believes that we have experienced a significant break-out in gold and that a dash to $682 gold is possible:
"There is no reason to preclude the run to $682 right now. COT is falling back hard. It is looking like $529 plus 3% is holding well. That is the classic definition of a breakout. This breakout as I have been telling you for years would signal a runaway in the gold price, something you may well have never experienced but I have. It is marvelous to behold. I also reiterate that as long as gold remains above $529 plus 3%, stop trading and hold on for the ride.
"The final word for tonight is that there is every possibility that $682 is in the cross-hairs of the gold market. If it is not right now, then rest assured it is coming soon. Hold tight and watch closely. The line of demarcation is gold at $544.87 in CASH bullion. We are above that now for the second time so hold tight and watch closely. You will not get a share or an ounce out of me now."
Our next gold proponent, Derrick M. Reid, bases his predictions on what he sees as impending unrest in the Middle East, in the recent article, When Smart Bombs Pop Over Tehran, Gold Will Pop to Over $1000/oz.
A melt down is on the near horizon, far exceeding that of Chernobyl Ukraine, but this time, will be intentionally done, probably by summer, and Gold will pop to over $1000/oz, virtually over night, and maybe to $1500/oz.
Next, a Reuters article cites several gold targets from various sources. Listed among the reasons for higher gold prices are strong oil prices, global conflict and a weaker dollar:
"Gold consolidated on Wednesday after touching a 25-year high earlier in the week, but analysts and traders said it was building steam for another charge higher.
“It's just a kind of consolidation phase but on a very, very high level. We always have to be prepared to see some sell offs but the overall direction is up," Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's Heraeus, said.was set for further gains in 2006 and had the potential to breach $600 an ounce.
Australian investment bank Macquarie said it had raised its gold price forecast by an average of 19 percent in 2006 to $565, while Barclays Capital hiked its average price forecast for 2006 by 13 percent to $525 an ounce from $465 previously.
Dealers remained positive on gold, with investors diversifying into precious metals due to worries about the outlook for the dollar, global tensions and firm oil prices.
"I think they are going to try and push it higher towards this $550 level again, although I remain a bit wary of people taking profits," one dealer said."
Bottom Line:
The upward trend in the gold and silver markets will remain intact as long as higher highs are followed by higher lows. Gold once again recovered from a powerful sell-off this week followed by a surge to higher levels. Gold continued its near parabolic climb on Friday after breaking above the brief market consolidation:
Silver on the other hand closed near the break-even level and is not confirming the record close in the gold market. Silver is within a tight trading range. In order for the current break-out in gold to remain valid, silver should close above the pattern in the chart below this text:
Our Big Shot of the Week Award, goes to Bill Murphy from GATA. His target of $3,000+ for gold tops all of the analyst reviewed for this column.
The remaining precious metals advocates insist on more conservative targets for gold. Their predictions fell within the following range: $525, $550, $565, $600, $682, $1,000, $1,500. We'll be watching for a break either up or down in the silver market consolidation. A close above the range should lead to higher gold prices, a close below the consolidation may indicate momentum exhaustion in the precious metals market.
© 2006 Chris WaltzekEditorial Archive
CONTACT INFORMATION Chris WaltzekLilburn, GeorgiaTrend Traders websiteEmail Author
Please visit my blog and web site for free daily market articles and analysis. Click Here.

Audio Interview With Dr. Marc Faber

INTERVIEW WITH DR. MARC FABER:




We're very pleased to present our interview with Dr. Marc Faber:


To Listen To The Show, Click Here:

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Your copy of "Tomorrow's Gold" is only a few clicks away. Click the link below to order online today!



To visit Dr. Faber's Website, click the link below:






Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.

Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.

Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.


Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.


A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998.

A regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach.


He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies.

Please visit his site at the following internet address:

Friday, January 13, 2006

Interview With GATA's Bill Murphy.

INTERVIEW WITH BILL MURPHY






To Listen To The Show, Click Here:

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To Visit Mr. Murphy's Websites, Click the Links Below:












Todays broadcast is dedicated entirely to our very special guest, Bill Murphy. From Cornell University and the School of Hotel Administration, Bill Murphy has an extensive commodities and futures background having spent time over the years with some of the most well-known Wall Street firms. Today, he is your host at The Cafe and is Chairman of the Gold Anti-Trust Action Committee [GATA].


GOLD AND SILVER REVIEW

Third Edition

Friday, January 13th, 2006

www.silverinvestor.blogspot.com

Chris G. Waltzek


___________________________________


MARKET SUMMARY


This week, Gold closed at a new high point, a 25 year record. Gold stopped trading on Friday at $556, up more than $10. Silver finished near the break-even level at: $9.09, not far from a record close.


This week, I had the honor of interviewing, Dr. Marc Faber and Bill Murphy from GATA and Lemetropolecafe.com, on my Daily Gold and Silver Review broadcast. Dr. Faber is a brilliant economist who believes that there are far too many dollars in circulation. Dr. Faber points out, on the show, that he expects gold to remain a powerful alternative to paper based assets. Dr. Faber is a self proclaimed Inflationist, who worries about the dangers that fiat money poses to the global economy.


My next guest, Bill Murphy, indicated that he believes gold will skyrocket to the $3,000-$5,000 level in the years ahead. His case for such a move is very sound. Mr. Murphy is convinced that central banks are holding far less gold reserves than stated and that the gold cartel holding down precious metals is in the process of collapse. You can listen to Dr. Faber's and Bill Murphy's free interviews online or download to your Mp3 player at my blog: www.silverinvestor.blogspot.com.


This Weeks Guru Predictions:


With gold climbing to record highs, there was once again no shortage of predictions of higher prices to come. Jim Sinclair, the unrivaled Internet Gold King, stated boldly this week that no one will wrestle an ounce of gold or even a gold share certificate from his mighty hands! He believes that we have experienced a significant break-out in gold and that a dash to $682 gold is possible:


"There is no reason to preclude the run to $682 right now. COT is falling back hard. It is looking like $529 plus 3% is holding well. That is the classic definition of a breakout. This breakout as I have been telling you for years would signal a runaway in the gold price, something you may well have never experienced but I have. It is marvelous to behold. I also reiterate that as long as gold remains above $529 plus 3%, stop trading and hold on for the ride.


"The final word for tonight is that there is every possibility that $682 is in the cross-hairs of the gold market. If it is not right now, then rest assured it is coming soon. Hold tight and watch closely. The line of demarcation is gold at $544.87 in CASH bullion. We are above that now for the second time so hold tight and watch closely. You will not get a share or an ounce out of me now."

Our next gold proponent, Derrick M. Reid, bases his predictions on what he sees as impending unrest in the Middle East, in the recent article, When Smart Bombs Pop Over Tehran, Gold Will Pop to Over $1000/oz:

A melt down is on the near horizon, far exceeding that of Chernobyl Ukraine, but this time, will be intentionally done, probably by summer, and Gold will pop to over $1000/oz, virtually over night, and maybe to $1500/oz.

Next, a Reuters article cites several gold targets from various sources. Listed among the reasons for higher gold prices are strong oil prices, global conflict and a weaker dollar:

"Gold consolidated on Wednesday after touching a 25-year high earlier in the week, but analysts and traders said it was building steam for another charge higher.

"It's just a kind of consolidation phase but on a very, very high level. We always have to be prepared to see some sell offs but the overall direction is up," Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's Heraeus, said.was set for further gains in 2006 and had the potential to breach $600 an ounce.


Australian investment bank Macquarie said it had raised its gold price forecast by an average of 19 percent in 2006 to $565, while Barclays Capital hiked its average price forecast for 2006 by 13 percent to $525 an ounce from $465 previously.


Dealers remained positive on gold, with investors diversifying into precious metals due to worries about the outlook for the dollar, global tensions and firm oil prices.


"I think they are going to try and push it higher towards this $550 level again, although I remain a bit wary of people taking profits," one dealer said."


Bottom Line:


The upward trend in the gold and silver markets will remain intact as long as higher highs are followed by higher lows. Gold once again recovered from a powerful sell-off this week followed by a surge to higher levels. Gold continued its near parabolic climb on Friday after breaking above the brief market consolidation:



Silver on the other hand closed near the break-even level and is not confirming the record close in the gold market. Silver is within a tight trading range. In order for the current break-out in gold to remain valid, silver should close above the pattern in the chart below this text:



Our Big Shot of The Week Award, goes to Bill Murphy from GATA. His target of $3,000+ for gold tops all of the analyst reviewed for this column.

The remaining precious metals advocates insist on more conservative targets for gold. Their predictions fell within the following range: $525, $550, $565, $600, $682, $1,000, $1,500. We'll be watching for a break either up or down in the silver market consolidation. A close above the range should lead to higher gold prices, a close below the consolidation may indicate momentum exhaustion in the precious metals market.


Thanks for reading.





Chris Waltzek





Please visit my blog and web site for free daily market articles and analysis. Click Here. http://silverinvestor.blogspot.com/

Thursday, January 12, 2006

*THURSDAY GOLD AND SILVER RADIO BROADCAST! - WALTZEK*

Todays chart from the online podcast: http://www.resourceinvestor.com/pebble.asp?relid=16024

Remember if you are trading to never risk more than 2% of your portfolio's value on any single investment and always know your exit point using sell stops. Please send your questions and comments to tivoss@comcast.net or call 770-923-1336. I'll look forward to talking with you tomorrow. Thanks for listening.

*WEDNESDAY GOLD AND SILVER RADIO BROADCAST! - WALTZEK*

Please click the link above for today's gold and silver review. Send your questions and comments to cwaltzek@comcast.net or call 770-923-1336. Thanks for listening. Chris

Tuesday, January 10, 2006

Monday, January 09, 2006

*MONDAY GOLD AND SILVER RADIO BROADCAST! - WALTZEK*

Thank you for your calls and email messages. We're unable to respond to all of them at this time. If you'd like to be a guest on the show, call 770-923-1336 or email at, cwaltzek@comcast.net

GOLD AND SILVER REVIEW; Friday, January 6 - Waltzek

Please click the link above to read the latest Gold and Silver Review. Thanks, Chris

Sunday, January 08, 2006

WEEKLY MARKET REPORT; Sunday, January 8th, 2006

*Gold & Silver Report*
Gold and Silver Skyrocket!

Executive Summary: Gold, silver and gold stock investors were seen jumping for joy in the streets this week when gold and silver soared higher on Friday following a severe correction on Thursday. Gold finished at $538 up $23, while silver closed at $9.08 up $.28. The XAU move was similarly spectacular as gold stocks stormed to record levels, closing at the weekly high point.

Gold Stocks ($XAU)
Short Term: The $XAU exploded higher, leaving 2 gaps: Daily Chart.
Medium Term: In the weekly chart, the $XAU closed at its high point: Weekly Chart.
Long Term: The fundamental argument for a bull market in precious metals and the $XAU remains sound. Rising interest rates are common during gold uptrends, e.g. rates rose during the 1970's bull market. The $XAU is above the neckline of a bullish: H&S Pattern In The Monthly Chart.




MARKET OUTLOOK:

Gold, silver and gold stocks are re-testing the highs from the peak formed one month earlier. Junior gold and silver stocks appear more attractive due to the lack of participation in the recent rally. The former precious metals forecast has been fulfilled: "..expect the next few months to yield $500+ gold, silver in excess of $9 per ounce and an $XAU price of 135." Although we are overbought at the time, the market appears to have further upside in the short-term. Thanks for reading, Chris Waltzek.

For additional gold and silver analysis: Jim Puplava, Jim Sinclair, Clive Maund and The Schultz Gold Stock Index.

*Stock Market Report*
*Stocks Near Range Lows*

Executive Summary: The Dow Jones Industrials reached the upper point of its trading range while the S&P 500 and Nasdaq broke above the previous resistance levels, this week: (click to view the charts) Nasdaq, Dow Jones, S&P, Dow Transports, and Semiconductors. Market volatility remained tame: $VIX and $VXN. The price of oil rocketed higher this week leaving a huge gap unfilled: 62.86 per barrel. The dollar was range bound following the surge higher two weeks earlier: Dollar Chart.



MARKET OUTLOOK: Although the S&P and Nasdaq moved above their previous trading ranges this week, the Dow Jones did not. A break above resistance in the Dow next week will confirm the new market advance. Chris Waltzek

Trading Coach: Never risk more than 2% of account equity on any trade - determine position size using protective sell stops. For daily trend updates: Click Here. Robert Colby's Daily Market Update: Click Here.

Saturday, January 07, 2006

This Weeks Stock and Precious Metals Charts





*FRIDAY GOLD AND SILVER REVIEW CLICK HERE FOR AUDIO BROADCAST- WALTZEK*

GOLD AND SILVER REVIEW

Second Edition

Friday, January 6th, 2006
silverinvestor.blogspot.com
Chris G. Waltzek

______________________________________

MARKET SUMMARY

"Goldman Sachs is predicting a medium-term (gold) price of $640."

Friday marked the close of another surprising week for precious metals. On my Tuesday morning audio Podcast, The Gold and Silver Review, I noted that precious metals as well as gold stocks were looking good for the week. By market close on Tuesday, gold and silver re-tested the market top recorded a month earlier. Gold and silver reached highs of $533 and $9.15. After peaking on Thursday morning, gold and silver sold off into the weekend ending the week just beneath $540 and $9.10, respectively:



In the chart above, gold approached the high point then recoiled abruptly on Thursday. From a technical perspective, the market needed to rebound and climb above the previous high and that is exactly what happened. The candle stick patterns are not bearish in the daily chart. If gold fails in the current wave higher, expect a consolidation to develop. Gold closed at the weekly high point:



Silver reacted sharply on Thursday. The market left a few small unfilled gaps that will need to be filled at some point:



Silver was unable to break above the previous peak but appears strong in the weekly chart:



Gold stocks have also been moving sharply higher for several months and were equally strong this week. Following the recent weeks break-out, gold stocks vaulted higher. It was clear before Near Years that the $XAU had broken above resistance and that the market would likely advance further. Although the $XAU is still in a bull market, it left 2 big unfilled gaps in the daily chart. Gaps often lead to trading ranges:



The steep ascent in the weekly $XAU chart is bullish. One can see clearly that gold stocks have been moving in a near vertical trajectory. Although this week ended strong, expect the unfilled gap to lead to selling pressure soon:



GURU FORECASTS

Very few analysts called for prices to rebound from the pre-holiday sell-off, with one glaring exception, Jim Sinclair. Mr. Sinclair reiterated his price objective for the commodity du jour:

"gold is going in 2006 to $682 and $750 and the bear market counter trend dollar rally will conclude. Traders need only stick to their trend line discipline. Investors remain in position as I see it.... It does not matter if it happens now or later this year. No one can be absolutely sure of the timing because there is a hidden hand in the market equation called over-the-counter derivatives which supersedes the US Dollar/Gold relationship, the price of oil, the Fed minutes or any other potential motivator."

Gold pundit Jay Taylor's shared his views on precious metals this week:

"If there is a loss of confidence in the dollar or in the global monetary system on a major scale, then we could exceed $600 very easy. How long is this gold bull market going to go? I think we could be in a 10 year bull market-you know it started two or three years ago. So ultimately I think we are going to see gold quoted in 4 digits not three..."

David N. Vaughn included the following gold prediction in his weekly commentary, the Gold Letter, Inc:

"So, what does the year 2006 really have in store for gold? This past year has merely been a "warm-up for 2006," said Dale Doelling, chief market technician at Trends In Commodities.” "The perfect (financial) storm is about to come raining down on us, and the precious metals will be the place to be in the coming year," he said.” “So "hold on to your gold, silver, platinum, palladium and copper --these are the markets that will pay huge rewards and keep you out of harms way in 2006… There is nothing on the horizon for 2006 to suggest that any of these factors are likely to reverse course in the coming year," he said, adding that analysts suggest that the price of gold is "prone to test the next bastion -- that of the $600 price level."

In his latest report, David Uren listed the 2006 Goldman Sachs gold target:

"The gold price is close to 25-year highs, closing at $US532.50 an ounce in New York on Tuesday. Some US traders are talking about prices of $700/oz within the year, while Goldman Sachs is predicting a medium-term price of $640."

Silver is also expected to shine in 2006 according to Sean Rakhimov of Barclays:

"If you needed any further clarification after all the hoopla around the silver ETF, Barclays Global Investors tipped their hand once more by forecasting that Silver may rise 18% from this year."

The next silver forecast will appeal to the silver bug in everyone. This silver price target is longer-term in horizon and should be of great interest to an investor like Warren Buffet, the rumored holder of 129 million ounces of silver:

"The primary source of silver is as a by-product of copper, lead and zinc mining. Those mines dig up 70% of our silver supply. That's fine and dandy except what happens if copper becomes so expensive to mine that mines are unable to dig deeper as needed to reach the more difficult deposits? If copper discoveries are declining as illustrated to the right, that means less silver reserves will be set aside, too. A silver price of say, $150 an ounce..."

Lastly Ed Bugos predicted gold to hit $575-633 by May 2006 in his market forecast for gold and gold stocks, The Weekly Gold Market Outlook:

"January 4th, 2005: This is the most bullish recovery off a 10 percent correction in gold prices that I've seen to date, or at least since 2003... The gold sector has clearly been the right place to be. And since the pieces seem to be falling into place in my outlook, I am maintaining and reaffirming my intermediate (< six months from here) gold price and gold share targets as follows:
US$575-633 between now and May (most near term upside in CAD gold price)
HUI = 350-370 (XAU = 150-160) between now and May (i.e. a 15-20 percent gain from here)
Gold Stocks in the BGI (targets): NEM = US$65-70; GG = US$25; GLG = US$35; EGO = US$6; GFI = US$22-25; HMY = US$18-20; MDG = US$30; IAG = US$10-12; AEM = US$25-30; GOLD (Randgold) = US$20-25."

Paul Walker, the chief executive of London-based research group GFMS Ltd was quoted this week:

"Gold may rise as high as $850 an ounce within 18 months as a weakening dollar boosts the metal's appeal as an alternative investment to U.S. assets."

The golden bull markets "fearless leader" Bill Murphy from GATA quoted John Embry and Adam Fleming's long-term gold price objectives. As surprising as the following forecast may sound, very few analysts that I follow would disagree with the figure:

"Contrary to what almost all the gold pundits and gold mainstream gold world thought a year/two years ago, gold is moving on its own because of this one particular reason. It is not moving because the dollar is weak, inflation, safe-haven stuff, falling stock markets, etc. It is on the move because The Gold Cartel is on its way out. In time all of these other factors will kick in and send gold much higher ... WAY up, to over $2,000 per ounce most likely to between $3,000 and $5,000) per ounce..."

The Big Shot Of The Week Award, goes to James Turk. In a recent radio broadcast, James Turk announced a $600+ outlook for 2006 and a sharply decreasing dollar. Turk wins the Big Shot Award for his bold long-run forecast. He believes we will ultimately reach $8,000 per ounce at the gold bull market peak!

Bottom Line:

Gold and silver shrugged off the major sell-off on Thursday with a startling recovery on Friday. The markets erased most of the losses and remain resilient despite the over-bought technical situation. The trend remains up as long as higher highs are followed by higher lows.
Surprisingly, Goldman Sachs and all of the analysts listed above expect 2006 to bring at least $575-$700 for gold investors. Silver is expected to perform in sterling fashion, increasing by 18% in the next 12 months.
On the long-term time horizon, the price forecasts for gold by the top analysts listed above, range from $2,000 to a very speculative $8,000. The recent break-out in silver should bring prices to at least the 1980's market peak, in the years ahead. When adjusted for inflation that figure approaches the $150, identical to the figure quoted in the article listed above. 2006 is indeed turning out to be a most exciting chapter in the gold and silver bull market.

Thanks for reading.
Chris Waltzek

Please visit my blog and web site for free daily market articles and analysis. Click Here.

Friday, January 06, 2006

*THURSDAY GOLD AND SILVER RADIO BROADCAST - WALTZEK*

Todays charts from the radio broadcast. To be a guest on the show, call: 770-923-1336. Thanks for listening:




http://silverinvestor.blogspot.com/