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Monday, May 17, 2010

Gold to Hit $2,000?

Robert McEwen, chairman of U.S. Gold, a gold exploration company, tells CNBC he expects the precious metal to hit $2,000.

Bob Chapman : The Algorithm Trading is front running the SEC protects the big businesses at the expenses of the small ones

Bob Chapman on Goldseek radio 15 May 2010

The Algorithm Trading is front running and it is illegal , number too naked shorting is illegal and they do nothing about it...the SEC protects the big businesses at the expenses of the small ones

Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt

The Dollar vs The Gold

NEW YORK (TheStreet) -- Rick Rule, founder of Global Resource Investments, reveals why gold isn't a good investment but the best insurance against catastrophe.