Guar has good Down side.

We sill see good down side in Guar in this week. may be it will run for now target of 3500.

this is good price for sell in guar. 

Dollar making new high against Rupee.

How to see this wonderfull that USA Economy will dropdown but Dollar still strong against world currency.

If dollar has more strengthen in next some more days than sure gold and silver will be drop down with good fall. Please keep in your mind this time drop will heavy compare to last some days.

May be possible gold made new high but it is better position for sell it so please do not make any long position in buy in gold.

TOO MUCH WEAKNESS IN TMC FOR LONG TERM

TMC IS TOO WEAK SO MAY BE IT WILL TRADE UNDER 4000 RS. IN NEAR TERM. 

BULLISH ON GUAR

MAY BE GUAR WILL TOUCH 5000 LEVEL SOON. TOO MUCH BULLISH IN GUAR. BUY IS BETTER OPTIN IF TRADE IN GUAR.

INVEST IN GOLD

Marc Faber: “My Favorite Investment remains Gold”

As gold sells-off from a tremendous 29% run from the July 1 low of $1,478, Marc Faber, the editor and publisher of the Gloom Boom Doom Report, told Bloomberg’s Carol Massar and Matt Miller on Wednesday his “favorite investment” still remains gold.

The self-described “greatest bear on earth” reiterated his long-standing view that the Fed will print the U.S. dollar into oblivion in response to sickly economic data that continues to stream in from all sides of the U.S. economy and for as long as the eye can see.

What Fed Chairman Ben Bernanke will say at Jackson Hole on Friday is less relevant to his forecast for the markets, Faber suggested, as the Swiss money manager said the Fed has already embarked on QE3 after it issued a Fed policy statement at the close of the FOMCmeeting on Aug. 9, strongly implying that the Fed sees no evidence of a strong-footed U.S. economy anytime soon.

“ . . . the Committee decided today to keep the target range for the federal funds rate at 0 to ¼% ,” according to the FOMC press release.  “The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.”

Immediately following the announcement, the Treasury market, Swiss franc and gold soared, culminating in a two-week follow-through rally in the 10-year Treasury, which saw its yield stunningly drop below 2%, the Swiss franc trade as high as $1.30, and gold spiking to $1,917.90.

Faber believes the rally in these three markets suggests that the effects of the FOMC statement have already begun to manifest themselves in all markets, leaving nothing meaningfully left for Bernanke to add to the FOMC policy statement.  QE3 is here.

Expect a dud from Bernanke at Jackson Hole, according to Faber.  In fact, the gold market may be selling off in anticipation of a “no news” meeting in Wyoming, as Treasuries, gold and the Swiss franc have already priced in quite a bit of QE3.

“I think what [Bernanke] will say is that they are monitoring the situation, and they will take ‘appropriate measures’ when they are required,” he said.  “To some extent we are in the midst of QE3 already, because by announcing the Fed will keep zero interest rates until the middle of 2013 . . .”

Though the same dire issues confronting Western economies (ergo, affecting Asia, too) have not gone away, leaving the Fed no options other than to continue printing money, according to previous Faber interviews.

In fact, according to many respected economists, the overhanging debt loads are heavier today than they were in 2008.  Faber has said on many occasions that he sees nothing but gloom for the equities and bond market for the foreseeable future, and expects that the Bernanke Fed intends to affect negative real interest rates for years to come in an effort to debase the U.S. dollar.  Savers and creditors will suffer during the process.  And, the U.S.-led wars will escalate, he said.

“All I am saying is I am very bearish. I think we will have inflation. I think the Treasury market is a disaster waiting to happen,” Faber declared.  “I think the economy will slow down. They’re going to print money and we will go to war at some stage somewhere.”

He added, “So, you are probably better off in equities than in bonds. My favorite investment remains gold. 

VIEW

As predicted many times in this blog, the over indebted and over leveraged world financial system is starting to unravel at warp speed.   Massive amounts of  borrowing by governments during the financial meltdown of 2008 has effectively put many sovereign states at the limits of their borrowing ability.

A rapidly contracting economy and job losses will result in a flood of defaults in the private sector by both businesses and individuals.  A vicious self reinforcing cycle of defaults will cause major banking failures that a bankrupt FDIC will be unable to contain.  Banking holidays will become routine, the jobless rate will triple, the middle class will face financial destruction and social unrest will explode across the country.

Crushing levels of debt will be the trigger that causes an economic depression that will make the 1930's look like a minor recession.  Eventually, the creative destruction of capitalism (as described by economist Joseph Schumpeter) will extinguish debt burdens through defaults, allow for economic recovery and the creation of new wealth.  The downside to recovery through creative destruction, however, is that existing wealth is mercilessly devalued as paper based asset wealth is destroyed.  At this point, which would you prefer to own - a pile of paper dollars or a stack of American Gold Eagles?

The ultimate restructuring of a fiat based monetary system to one backed by more than promises is inevitable.  The timing of the event is the only open question since governments will use every power, legal or otherwise, to prevent the scenario described above.  Unfortunately, for holders of paper financial assets, the only viable option available for governments at this point are the printing presses.  The ocean of paper currencies that will be printed to "save the system" will debase paper financial assets, reducing their purchasing power to virtually nothing.

Gold, the only enduring currency, has been forecasting a financial crisis for the past decade and especially since 2008.  As economic Armageddon looms, however, most Americans remain tragically under invested in gold and silver.  Conventional financial planners and investment advisers recommend a zero or minor position in precious metals even as gold steadily outperforms stocks, bank savings and other financial assets.

S&P vs Gold - courtesy yahoo finance

Making matters worse, many Americans are selling the little amount of gold and silver that they do own as the conventional press publishes "gold bubble" articles every time gold hits a new high.  As reported in coinupdate.com, one major dealer reports that:

As for the general public, they have been selling jewelry by the droves this past week.  On Tuesday, my companies set a record going back more than 30 years for the most number of purchases from the public in a single day.  We broke that record Wednesday and weren’t that far from another all-time record on Thursday.  The main pieces that customers have brought to us have been gold jewelry.  The amount of silver and platinum jewelry has remained steady.

We talk with dozens of coin dealers around Michigan and the country every day.  They are reporting the exact same pattern of activity as we are experiencing.

Perhaps many of these sellers are dumping their gold jewelry due to economic duress, but if they were expecting gold to continue to soar higher, they would not be selling.  The bull market in gold and silver is just beginning and those who hold significant positions will preserve and expand their wealth.

SILVER LOOKING STRONG

SILVER MADE NEW HIGHS TODAY AND GOOD UPSIDE. THERE IS UP MOVE FOR NEXT SOME DAYS.