People just do not get it yet , you do not fight the trend you go with it says Bob Chapman of the International forecaster , there is actually less than one per thousand people in China that owns any gold and less than 1 percent in America that owns any gold , Bob Chapman expects that number to go to at least 15 percent worldwide in the coming years
Bob Chapman : JP Morgan is desperate , the US government has been out of silver for 10 years they do not have any , I mean that's an admitted fact so they will have to go and have somebody lend it to them or they will have to buy it and if they bought it they will make the price go up so it is nothing but unfounded propaganda ...they were trying to get it down they could not do it , they just could not do it , there are too many physical buyers out there
Bob Chapman :.... It has been an exciting week and there going to be more and more exciting weeks within a month May be in a couple of weeks we are going to break into $2000/oz , and Silver I think this time we'll break through $50/oz , it did not do well today because it is easy to manipulate that's what they were doing but cannot do it indefinitely
Bob Chapman : The Germans do not get mad very often but when they get mad watch out , I lived in Germany for a long time I speak German I understand them very , groups do have their strong and weak points and Germans have theirs as well ....we could see a Revolution in Germany that's how mad are these people are , I would not be surprised if some of the politicians will me murdered , these people are really mad about this , they have been acting as a second party in Europe for years anything they were asked to do they did it , they have had it they are not going to give anymore , there is no guilt and there should not be because the people who grow up in the second world war are my age I mean in 1939 I was 5 years old
Bob Chapman : The Banking community both here in the United Stats and in Europe have gone over the edge , they have gone too far , the design is burried in greed , they just could not make enough money ...that's why they are going to probably indict Lloyd Blankfein the CEO of Goldman Sachs
for fraud
Bob Chapman : If Germany does not come up with the money , The Euro is doomed in fact the European Union is doomed they all going to go back to their national currencies ,
Bob Chapman : Gold is going right back up again , it is your government doing the market manipulation Europe is breaking its own laws , it will cost Germany more than 6 trillion to bailout out the Eurozone PIGS countries
Bob Chapman : The European countries of the Euro Zone are just buying time they do not know what to do, their whole socialist structure is collapsing , they are trying to delay the inevitable as longer at possible , ultimately they got to go down , Gold and silver is the only place to be buy with both hands do not think just buy ...buy ...
Silver market is easier to manipulate because it is a smaller market than the Gold , they are desperately trying to bring gold down , but Gold is coming right back up again says Bob Chapman , buy gold with both hands now while the prices are still down Bob advises you may never see these low prices again ...
Bob Chapman : it was not such a bad day today considering that All the Gold Stocks are up , Silver did not to collaborate much with JP Morgan today it was down only 15 cents , buy Gold it is going to go right back up again ,
Bob Chapman : they cannot keep this thing down they are knocking the price of gold down with auctions futures and derivatives they are not selling any gold into the market it is a game , and it is a political game to keep the price down as anytime they knock it down the Chinese and the Iranians and the Russians and Mexico and South Korea and on and on and on they buy with both hands
Bob Chapman : The FED is going to continue to purchase the treasuries about 80 percent of the issuance that runs around 900 billion a year that they'll make up out of thin air
Bob Chapman : September to February is the hottest season for gold and silver , the fact that Goldman Sachs says that Gold will go to $2500 before the end of the year is very unusual , and it means that they know that Gold will go higher ...
Bob Chapman : Warren Buffett is an insider , he is part of the Illuminati , he got a sweet heart deal (on Bank of America)
He puts 5 billion here and they gave him insider informations somewhere else to get his 5 billions back says Bob Chapman , these people are criminals
Bob Chapman : I wrote (in 1967) that the only way they can bring America to its knees is by free trade globalization I did not know that's what it is going to be called these days off-shoring and outsourcing and that cost us 11.7 million jobs in the last 11 years and what you are seeing is very true and the people are starting to wake up to the fact that we are being deliberately deindustrilized , we moved from manufacturing 30 percent of what we use inA,merica to about 11 percent , it is devastating ...
Bob Chapman : Aztlan was financed starting in the late 1950s by the Ford and Rockerfeller foundations they are basically communist movements , the federal government obviously wants cheap labor in the United States ....
Bob Chapman : next will be a great week for gold , I think we might take a crack at $2000 next week , $2000, $2200 during September October will be fine I am looking for the end of February for $3000 / $3200 and silver probably $60/$70 somewhere in there JP Morgan Chase and HSBC are going to get stack deeply which makes me feel very good , and I am seeing a lot of short covering in gold and silver shares
Bob Chapman : Gold will go right back up to $1900 and go higher , Gold closed higher than platinum for the past 30 years , the government dos not have the power to keep it down for more than two or three days and it is over , the central banks are buying as much as gold as they can
Bob Chapman : I do not like any currencies , the Swiss Franc is the strongest in the world and it is over priced , there are some other currencies that are good Norwegian Krona Canadian Dollar , possibly the Australian Dollar , the Euro will run into problems we will know next week how deep , I am not that high on currencies at all I would rather have people put their money in gold and silver related assets because it is safer and historically they perform very well on bull markets ...
Bob Chapman : never ever ever chase a yield , you always want the lowest yield and the reason why is , because you are buying the best paper , and if you buy what is not Triple A , let's B which is junk the chances of you getting your money back might be slim or none , so you are not doing that , but that's what the money markets have been doing in the United States about 50 percent of their investment are on that toxic paper so it could be quite a fallout in the US if the Eurozone goes forwards and gets into further trouble
Bob Chapman : Gaddafi was taken out of power because he wanted to institute the Golden Dinar and he would not join Africom and of course the Illuminus neo cons the new American century they went ballistic , I have talked to former head of states and the US tell them if you do not do this we will destroy you , says bob Chapman of the International forecaster
Bob Chapman : it won't be long before they lose the ability to manipulate the market , how long I can't say but I think sometime next year may be sooner , eventually there is going to be an investigation about the manipulation of the market coming from the House and the senate , the Rothschild control the central banks of 30 , 40 other countries
Bob Chapman : there is gold and silver coins shortage in Germany in particular and in Europe in general ....this September month gold will go to $2000 - $2200 and silver will taste the $50 there is no overhead resistance for either of them , we are seeing a vitriolic attack on Gold and Silver by the main stream media ....
Bob Chapman : I am calling for the end of February $3000 , $3200 on Gold and #100 on silver I think that's conservative it's all fundamental , this is a good time to get into gold and silver bullion coins and shares because this thing is going much higher , gold should be selling at $8000 , Gold is now the world reserve asset , but nobody is going to tell you that but me ....
Bob Chapman : the prices of real state are going to continue to drop , things are not going to come back in a flash as it happened in the past , I lived in California for years and I have seen one run up and one run down after another , if it was not for the speculators there won't be many houses sold
Bob Chapman : If they do not hurry up and get their QE3 going , it is going to get much worse , of course they need help from the legislators but I do not think they are going to get that at least not initially , they are not going to cut anything except social security and medicare certainly not the debt , and they will take whatever they cut there and add it to the military industrial complex ...
Bob Chapman : in the past two years the average Chinese person has been a buyer of gold no matter what the price is , they are getting rid of dollars but they are also getting rid of their currency , and this will continue , china has plenty of economical problems ...
Bob Chapman : anybody who is trying to trade these markets that is not a professional is looking for trouble , just buy gold and silver assets every months despite the price ,
The Gold owning elite , they have gold because they know it is the ultimate money it is a hedge for them a lot more people in the world own a lot more gold than they do , I looked at this question for many years and I think if they got 20 percent they got a lot , you do not worry about what the next guy is doing you worry about yourself , you buy gold to save your assets
Bob Chapman : first of all we never had a recovery secondly the inflationary depression that we have been ion for almost 30 months is still going on , the real figure on inflation is 11.2 percent not 3.6 percent , we are headed into a very slow time we are going to have minus GDP we are going to have 14 percent inflation by the end of the year , business is going to get bad very bad we will have a replay of the 1930s ,
Bob Chapman : Gold and Silver are going to go back right where they were and go higher , this is a tremendous opportunity for buyers , the stock market is going to go down despite that they will try to hold it up , the bond market is being held up by swap agreements but I won't get into that because it is too technical the ring leader into that is Morgan Stanley they are playing a three card monkey game and the other player with them is the FED of New York are the others ones who are driving bonds higher and yields lower so that banks can borrow cheaper, do not buy a home the trend will be downside for at least another 5 years
Bob Chapman : they want to break everybody financially and they want to reduce the population , the ECB violate the European rules and the German constitutions by purchasing Spanish and Italian bonds ,
Bob Chapman : you better buy as much gold as you can get your hands on , next week we will see the price of gold shooting up again and reaching $1900 mark
Bob Chapman : Steve Jobs is dying it is as simple as that that's why he is stepping down , they have tried to phase it out they did not want to do it when he was having these treatments , that's what is happening , Apple is a wonderful company with a wonderful product but I think but I think with him really out of action it is really going to hurt the company it will probably take may be 50 to a 100 dollars a share of its value I would be a seller , and I would switch the money to gold and silver coins bullion and shares certainly they are cheaper than where they were two days ago , I will be getting out of the stock market as well sooner or later it is going down , it is a giant bubble and a scam so the only place to be is gold and silver coins bullion and related assets
Bob Chapman : it is very simple they are going to dump all the garbage in there ,that's why they let that meat ball take over he will take all the heat if you have CDs in the Bank Of America for goodness sake get out of them ...you gonna see a lot and lots of bank failures from here to the end of the year , If you have an account at Merrill Lynch get out they are going to be absorbed by another company , Merrill Lynch is nothing but crap
Bob Chapman : Warren Buffett is getting insiders information , he is getting all kind of juicy deals from thanks to the US government , these people are controlled by money , they will do anything for money they are also sociopaths and many of them are also psychopaths and they are not stupid ,
Bob Chapman : Gold is not going to stop at $2000 it may quiver at $2200 , this is a wonderful correction , and those idiots had it all done in two days , you talk about painlessness , it is like you go to the doctor and you had two tooth pulled and there is no pain , it sure is down but what are they going to do onward ? they have no bullion for sale it's all paper , and so what should the public be doing and professionals as well , they should be in there mid-day tomorrow started to phase in the new buying they should be buying all the time but especially hen you have dumps like this , obviously for the government to do this with the brokerage houses and the hedge funds and the banks and the working groups in the financial markets for them to do that some very very bad news is coming I can promise you , JPM would not come out and say Gold is going to $2500 this year , if they did not think it is going higher because they wanted to stop in there that's why they are doing what they are doing it is called psychological warfare , and so where is gold going ? I'd say by the end of February which is kind the end of the big move historically yearly in gold and silver we are looking at $3000 - $3200 and a $100 silver and it is going to happen they cannot stop it
Bob Chapman : The US government in coordination with central banks in Europe and hedge funds get together and attack the gold market that's why we are seeing gold price plummeting but this game cannot last cause even if the gold loses a $100 , then next week it will be up another $100 so they really are not accomplishing anything , they are not going to keep this down no matter what they do
Bob Chapman : If Gold and Silver ever needed a correction it got one it was not natural it was caused by the United Stats Government in league with major broker houses and banks as well as other central banks and hedge funds , they wanted the price down , they took it down and we also have tomorrow the termination of the monthly gold and silver option contracts and once it's over there is no reason for the banks to see the gold and silver down any further at that time , by six month they were guessing wrong this time they made it happen and that was not natural it just shows you how easy it is to manipulate the markets ...over the next 3 to 4 days you will see the bottom it will turn around and it will back up again there is nothing to stop it they do not have any gold or silver to sell they sell paper
.
Bob Chapman : on Thursday the Gold Silver options expire and the banks that write these options especially on the long side and most of them are on the long side like 7 or 8 to one they were all on the money because the price of Gold had gone considerably higher , so those banks try knock the price down and I think the government also was involved in this big time , I think on Thursday I will be a large buyer of Gold and Silver coins bars shares and the reason why is this bull market is enormously powerful and it is being led by players that have a lot of money , they do not care about margins , if they raise margins from 7500 dollars where they are now to let's 21600 dollars like they did with silver it would not make any difference
Bob Chapman : Wall street and the National Chamber of commerce were very large contributors to both presidential candidates campaigns but particularly to Mr Obama , this explains the problem why things do not change why we do not get any change even though a lot of constituents complain to them and that's because approximately 90 to 85 percent of these people are paid of by the people behind the scenes , and that situation I do not know we are going to get around it other than voting them out of office , may be we can get Ron Paul elected who just raised a million dollar in his birthday but it takes hundreds of millions to run a campaign properly , we got to back him because he is our only hope politically ...
Bob Chapman : I would not call what we see now at this stage a credit crisis it is a debt crisis worldwide , Europe is over , Germany is headed towards a recession , the power that be are trying to bankrupt Europe and Germany because they want the public of these countries on their knees so that they can accept the World Government
Bob Chapman : each month the COMEX where futures are traded not only in gold and silver but many many other things they sell puts and calls on everything that includes gold and silver and so each month when we get close to option expiration date which happens to be two days from now Thursday the people who write the options go into the market and the majority are already on the long side , the people who have sold them which are the banks they attempt to knock the price of gold and silver prices down again so that the options will expire worthless well that's what they have done today they have knocked down gold about 71 dollars in the December contract month which is the most active
Bob Chapman : I think Mr Chavez is taken one more bite at the US tail , he is asking for 99 tons of Gold which is similar to what Mexico bought in February and March this year it is worth about probably 6 billion , now let me tell you what's going to happen here , first of all England does not have the gold they sold it long time ago and Chavez knows that so England will have to do one of two things they got to borrow the gold from another central bank that in fact has gold or they default so when they will do that I would think that Gold will jump a thousand may be fifteen hundred dollars in about two week period
Bob Chapman : Gold is the new world reserve asset , and the cherry on the cake is the inflation and later on the hyperinflation , you got at least $8000 on gold and $400 on silver do not even think just go and buy gold and silver coins shares and bullion , I go fifty fifty
In Europe they finally realize that no matter what they do they cannot solve the problem and if they try they might bankrupt themselves .
this is just the beginning of phase 2 in Gold there will be 3 , 4 , 5 phases , you got to get your money in gold and silver coins bullion and shares
Bob Chapman : I see that they have invaded Mr Ghaddafi and they probably might capture him and the first thing , they are going after his Gold , I do not think it is going to be sold in the market they know it is going to go much higher they know they can't impede it except for using derivatives and they do not want to lose that gold but they are going to steal , the operative word is STEAL , they are nothing but criminals they are worse than Gingis Khan ,,,Gold is not going to stop at 2000 , I think it is going to blow right throw it , I am going to be a buyer as I told you I do not care what the price is just BUY......
Bob Chapman : we are no where near the top , gold will go to at least $8000 dollars and if takes three , four years it will be $15000 to $20000 , silver the numbers are going to be difficult to project but it will do very well , why would anybody go to any place else to invest ? they have to be out of their minds , you got to get out of those CDs in the banks , just gold and silver coins bullion and shares
Bob Chapman : well you heard the song up up and away . that's just the way it is going to be , one of the psychological aspects of this and these people are very good at this , JP Morgan Chase came up a couple of days ago and said Gold is going to $2500 by the end of the year , here there are with the largest short position , naked short position in silver and silver usually runs with Gold , what are they up to ? , what they are up to is this : they are trying to set up a barrier at $2500 because they think on the short term before the end of the year it could go higher than that , they are trying to set a psychological new ceiling , it is just common sense and understanding the criminal mind , if you want to find out what they are doing you have to think like a criminal ...that's what they are trying to do here , they are not frightened about gold they know it is going to $8000 , they are just as smart as we are , but they want it to go as slowly and incrementally as possible
Bob Chapman : The reports about Rick Perry are absolutely true , his mission is to neutralize Ron Paul , and take him out of contention , that's what this is all about I do not think that they want him for president , Who they want for president ? I do not know , may be they do not know at this point , may be they have a number of people , we just do not know ....
Bob Chapman : The stimulus 1 and 2 and he TARP were not really to help the average person they were to help the banks or the financial structure ,
we do not know where any gold is , we do not know if there is any Gold in Fort Knox and West Point and if it is there has it been tested , because what happened three years ago the Chinese bought some gold in London got delivery and tested it and found that it was Tungsten , so the question that arises is there any gold in Fort Knox and if it is really gold and who does it belong to ?
Bob Chapman : I have been saying over and over again you do not buy dips , you do not know when they are going to happen , you do what I do , you buy every single month , you are in an 11 year bull market the trend is your friend you do not think you buy , I do not care what I pay , gold is going to a minimum of $8000 , do what Bob Chapman does buy every month if you have money , and you should not be in the bond market or the stock market or the CDs or cash value life insurance policies , get rid of them ....
you got to get Ron Paul in office unless you want to fight in the streets , we have to do everything possible to get him elected ...this is your last chance ...if we do not get him we are cooked ....
Bob Chapman : Mexico which is the second largest producer of silver in the world is thinking of backing the Mexican peso with silver , it is hard to find the centenarios in Mexico , South Africa is nationalizing its gold and platinum mines , they are going to make a mess out of them , production will fall , more African countries can follow in nationalizing their mines .....
Bob Chapman : People have lost billions and billions of dollars but getting out of Gold and Silver coins bullion and shares positions and not getting back in , when JPM tells you that gold is going to $2500 an ounce this year , pay attention they run the government they own the FED , they know that gold is going up and silver is going up , they are massively short along with others , they are trying to stop gold at $2500 and probably silver at $50 that's why they are saying what they are saying , because they know if they cannot stop it at $2500 in the short term it will probably go to $3000 , $3200 , now what we do ??? we keep on buying .....they are vastly under priced
Bob Chapman : They want to have an excuse for QE3 , that's part of why S&P alone lowered the rate of the US debt they want three things out of this , number one their unconstitutional super congress number two they want to chop off medicare and social security ...but also what they want to do is have an excuse for QE3 they also want to bring back corporate profits from overseas ...they want to bring this money in to help the economy ...
Bob Chapman : Te Swiss bonds have done extremely well all the people who have purchased then have made a lot of money , we were recommending that at 120 now it is 78 so that's a pretty big gain , The Swiss national bank is trying to keep the franc down but it can't do it
Bob Chapman : Ron Paul must be on television as much as I am on radio , if he is denied the nomination I do not think he will run as an independent , he would stand the game greatly in a three way election , I think you going to have a lot of people voting for him by sympathy of him not getting the republican nomination and he should have ...this is all hypothetical says Bob Chapman of the International Forecaster ....
Perry and Bachman are not going to win anything ...if Ron Paul is not going to get elected they know they will have a revolution
Bob Chapman : Reagan was not the conservative people thought he was and I have known him very well and I do know a lot about him , ....
they are doing everything to suppress the gold and silver market , the ratio ( of 16 to one ) does not work it is all about fundamentals , it has nothing to do with technicals ratios waves or cycles throw them all out of the window , the ratio does not work it is little boys who like to play with numbers ....when you got a government and a central bank that is manipulating the market 24/7 in many things most of which is gold and silver you can't use them
Bob Chapman : Sarkozy of France and Merkel of Germany had a meeting yesterday and unfortunately for them they accomplished very little , the German people and the french to some extent do not want to go any further , they do not want to spend anymore money bailing somebody else they would rathr let them go under and take losses on the bonds they hold ....
Bob Chapman : The Europeans have made a deal with Greece and Greece illegally approved it through their Parliament , now the Europeans are looking at the other 5 countries that are in trouble and they are saying Jee this is not going to cost a trillion it will cost 4 to 6 trillion which I projected a year and half ago , they do not want to do that certainly the public in Germany Finland Holland and Austria they do not want to do that either because it is going to bankrupt all of them ...there is no final resolution of the problem and it is going to get worse
Bob Chapman : They manipulate every market 24/7 , it is legal it is a disgrace there are no free markets , and so I think that we will probably bounce here and go back down to 8500 by the end of the year we are about 1101 right now , and I think there is a possibility of 6600 in February but it they do not do that they will try to bring the market back from there , if I have to guess I would say they will take it to 6600 , they'll hold it at 8500 and there will be a rally going into the election it will get up to 1200 again
Bob Chapman : they could have solved the debt problem in fifteen minutes , their goal is the destruction of social security and medicare , this is what Adolf Hitler did in 1933 called the enabling act , this is how he became a dictator , the super congress or the counsel of the 13 is going to bypass the congress using executive orders , the game is over they will impose Martial law and gun control ...they want to bring down the financial system worldwide , the US and Britain will be used as catalysts to do it
Bob Chapman : he commodities market has always ben rigged , Margin requirements increase is a method for preserving the Banks , the margin requirement only maintain the illusion of an illusionary market
Bob Chapman : this super congress has to be challenged in a supreme court , we need to reinstate the Glass–Steagall Act now , we are on phase two of the gold bull run , this is going to be pretty wild , I have predicted some time ago that we will say swings of 20 to 40 dollars a day in gold and it happened and I said that after that it will come swings of 50 to a 100 , and it is happening , what's next ? when we will get up to around $3000 , $4000 it will swing 200 to 300 dollars a day do not get surprised , just anytime it comes down buy more says Bob Chapman of the International forecaster , the federal reserves notes are worth Nothing ....
Bob Chapman : we are going to have a correction in Gold and they are going to raise margins again a couple more times so get ready for it , but it is not going to make any difference , because most of the big hitters in this market they use margins but they are cash players ....
they will use this super congress to get the things they want passed ...
if are retiring better leave the medicare and move to Latin America says Bob Chapman , the doctors there cost less than 20 percent cheaper even without an insurance ....
Bob Chapman : the police are training people for crowd control , the government is definitely ready to do some nasty things , try not to get involved and stay out of harm way .....
During the American Revolution, only a small percentage of Americans were actually involved in the fighting.
Bob Chapman : the riots in England were infiltrated by agent provocateurs , the people in England are fed up with the economy and the bankers ,and the loss of liberty , if you think America is bad you should see England where they have spying cameras at every corner , .... they want the royals who are not even British out of there , they are worth trillions not billions ....the government could turn the situation into a martial law as they did in Northern Ireland , thy have few policemen and most of their military is dispatched in foreign countries like Iraq and Afghanistan...
Bob Chapman : The Banks are stepping all over silver , JPM upgraded its forecast for gold to $2500 /oz before the end of the year , I have been in this business for 52 and half year , , when Morgan does that it means that they want to stop the movement upward for gold towards $2500 that's what it means because they know it is going higher , they are the biggest shorts in silver , HSBC is second and then comes Goldman Sachs Citi group etc....they are trapped , their positions are higher now than they were in April , but they know the market is going to go higher and they are going to do anything to hold down the price of silver and they are not going to be successful , we are going to shot $2000/oz may be even $2200/oz by the end of the month and if that happens we are probably looking at $3000/oz by the end of February , the good months for gold run usually through the end of February
Bob Chapman : they are using naked shorting and flash trading which is illegal , the crooks are running everything and they get away with everything ...all the hedge funds and others are using naked short selling and it is ruining the markets , if I was in Europe I would ban all derivative trading says Bob Chapman of the international forecaster
Bob Chapman : Obama will become a dictator , , they want to destroy social security and medicare calling them entitlement even though we paid for them the money that was paid in was stolen ..... we are bankrupt most of the banks are bankrupt the only thing you can invest in is Gold and silver coins bullion and shares and that's it , Gold is going to go to $10000 may be even higher and they going to re-peg the dollar behind gold they have to otherwise the currency won't work , we will have a deflationary depression after e have our inflationary hyperinflation we are going to have a QE3 but not a stimulus 3
Joel Skousen: Obama Creating A Third World America
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