Daily Investment Tips

Over at Guardian UK Newspaper there is a fascinating piece about Giant American Bank JP Morgan Chase.

According to the Guardian article, JP Morgan is sitting on what is estimated to be 3.3bn ounce short position in silver. And someone has devised a plan on how to punish JP Morgan. If you are all for robbing the rich then keep reading.

Max Keiser Silver Campaign

The author of the article, Max Keiser is leading a campaign to buy Silver so that JP Morgan Chase may go burst. They even have done mathematics of how this will work.

We posited that if 5% of the world’s population each bought a one-ounce coin of silver, JP Morgan would be forced to cover their shorts – an estimated $1.5tn liability – against their market capital of $150bn, and the company would therefore go bankrupt.

The Coming JP Morgan Chase Bankruptcy: Bail Out

You might dismiss this campaign as pure lunacy but it seems to be working,

Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up. The most important indicator is the price itself – holding just under a 30-year high. With each uptick JP Morgan gets closer to going bust or requiring a bailout.

Max even made a close that would make any sales manager proud,

If anyone is interested in helping to crash JP Morgan, buy silver. In the end, it’s about transferring wealth back to the people from where it came.

written by Constantine Njeru \\ tags: Bailout, Bankruptcy, Bust, Eagle Sales, Giant, Guardian Article, Guardian Uk, Jp Morgan, Jp Morgan Chase, Kaiser, Lunacy, Mathematics, Max Keiser, Month Of November, Morgan Silver, Ounce, Short Position, Silver Eagle, Time Record, Uptick, Wholesale Level

Eldorado Gold is a Canadian gold mining company. It has operations around the world.The company stock is listed in NYSE.

Eldorado Gold Competitive advantages

The only North American mineral operator with mines in China. Which places it at a strategic position to take advantage of the booming Chinese economy.

The company has low cost strategy, Eldorado aims to keep the costs of mining, processing, transport, and selling around $375 an ounce.

When you think about that low cost strategy, gold could fall dramatically from its current heights around $1200, and Eldorado would remain profitable.

written by Constantine Njeru \\ tags: Canadian Gold, China, Chinese Economy, Company Stock, Competitive Advantages, Eldorado, Gold Investing, Gold Mining Company, Gold Stock, Investing In Gold, Nyse, Ounce, Stock Analysis, Stock Investing

Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.

Jim Rogers Gold price prediction

Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.

Jim Rogers on what is driving the price of gold

• Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
• The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
• The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.

Read the whole Jim Rogers interview at this businessweek article.

written by Constantine Njeru \\ tags: Amp, Businessweek, Central Banks, Currencies, Gold Demand, Gold Price, Guru, Herd Mentality, International Commodities Index, Jim Rogers, Next Decade, Ounce, Price Of Gold, Printing Money, Real Assets, Rogers International Commodities Index, Thousand Dollars