Prophecy Article Database

Gold Price Moving Upwards

Citigroup says long-term gold price could double or even triple

Citigroup suggests that inflation and the fabrication outlook favor gold.

by Dorothy Kosich

Monday, June 30, 2008

www.mineweb.com

RENO, NV -

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Citigroup forecasts that "gold is likely to regain $1,000/oz by end-08 and to work higher through 2009-2010."

In their recent Gold Commodity Update, Citigroup metals analysts John H. Hill and Graham Wark also predicted that "longer term, we believe that gold is capable of doubling or tripling from current levels."

The Citi global metals forecasts have an upward bias, at $906/$950/1000 average in 2008/09/10.

The analysts said "secular and seasonal factors favor gold" during the second half of this year. "We remain positive on gold, based on macro and supply/demand factors. The forces that have propelled gold for 5 years are firmly in place."

During the second quarter of this year, gold has averaged $896/oz, up 34% from the same quarter of 2007 and down 3% from the first quarter of this year. "Following a series of downside fundamental tests gold appears to have found a floor, and quietly climbed back to $917/oz."

Israelis Killed in latest Terroist Strike

Three Israelis Killed, Dozens Wounded in Palestinian Jerusalem Attack

Three Israelis are dead and 46 others were injured when an East Jerusalem Palestinian man purposely plowed his tractor into a crowd of pedestrians and overturned two busses in downtown Jerusalem.

According to France 24 TV, an organization called The Movement to Liberate the Galilee has taken responsibility for the attack. The same group claimed responsibility for the attack on the Mercaz Harav religious seminary in March in which eight students were murdered.

Iran, Israel, USA, more News on it

WIBR Editor, we are putting this about the possible Iranian war with Israel, the USA, and one which fills the Ezek 38 scenario. This article is about more information on the war, will it occur? We have had many come forward with info on this. this is for your info only.

G.R. article Editors note:
We bring to the attention of our readers David DeBatto's scenario as to what might occur if one of the several contingency plans to attack Iran, with the participation of Israel and NATO, were to be carried out. While one may disagree with certain elements of detail of the author's text, the thrust of this analysis must be taken seriously.

"Israel has said a strike on Iran will be "unavoidable" if the Islamic regime continues to press ahead with alleged plans for building an atom-bomb." (London Daily Telegraph, 6/11/2008)

"Chancellor Angela Merkel of Germany joined President Bush on Wednesday in calling for further sanctions against Iran if it does not suspend its uranium enrichment program." Mr. Bush stressed again that "all options are on the table," which would include military force. (New York Times, 6/11/2008)

New York Times, 6/11/2008)London Daily Telegraph, 6/11/2008)New York Times, 6/11/2008)

Iran, Israel, and USA

Iran strike in the air as US and Israeli military chiefs meet

Martin Chulov, Middle East correspondent | June 25, 2008

THE US military chief is to meet his Israeli counterpart in Tel Aviv this week in a move that gives new impetus to speculation about a pre-emptive strike against Iran's nuclear capabilities.

Tensions were further heightened by a suggestion from former US ambassador to the UN John Bolton that the US and Israel could attack Iraq's fledgling program between the time a new president was nominated in November and the date the incumbent, George W. Bush, left office in January.

Mr Bolton's remarks signal the first time a regime figure from either country has been prepared to put a time frame on a mooted strike. They also mark a sharp escalation in Israeli-US rhetoric against the Islamic republic, which is refusing to bow to international demands that it stop its nuclear program, and its efforts to enrich uranium.

Notice on Rear Window of Your Car

___________________________________________
Project Management/Idaho Facility Management
Site Wide Program

Subject: FW: Notice on Rear Window of Your Car

FYI
Just last weekend on Friday night we parked in a public parking area. As we drove away I noticed a sticker on the rear window of the car. When I took it off after I got home, it was a receipt for gas. Luckily my friend told me not to stop as it could be someone waiting for me to get out of the car. Then we received this email yesterday:

'WARNING FROM POLICE
BEWARE OF PAPER ON THE BACK WINDOW OF YOUR VEHICLE--NEW WAY TO DO CARJACKINGS (NOT A JOKE)'

Letter from one 'Angry Woman'

Letter from one 'Angry Woman'

'Are we fighting a war on terror or aren't we? Was it or was it not started by Islamic people who brought it to our shores on September 11, 2001?

Were people from all over the world, mostly Americans, not brutally murdered that day, in downtown Manhattan , across the Potomac from our nation's capitol and in a field in Pennsylvania ?

Get your Free E books from the Watchman, download now!

Recession

Recession fears diminish and gold price struggles - but for how long?

Gold has survived so far its recent hiatus period, but what does the current improvement in general economic sentiment mean for the price ahead?

by Lawrence Williams
www.mineweb.com
Friday, June 6, 2008
LONDON -

Commentators around the world are beginning to turn less pessimistic on the global economy, and as Ben Bernanke decreed that dollar devaluation is not US policy, the gold price took a serious knock last week. But, the decline halted above the critical $850 mark and underlying strength seems to have appeared at around the $880 level, as the beginnings of another upward creep seem to be in progress.

Traditionally late spring/early summer can prove to be a weak time for the gold price as US traders and bankers' thoughts turn to summer holidays in the Hamptons, Caribbean and further afield, and some European centres seem to virtually shut down for a full month or more, so it would be unwise to bank on any major price movements until late August or beyond - if then. But the overall fundamentals for a price increase are still present and many analysts, even conservative ones, are looking for the $1,000 an ounce level to be breached again later in the year.

Hyperinflationary Depression Report

Hyperinflationary Depression

"It was horrible. Horrible! Like lightning it struck. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money."-quote from a 1993 interview of Friedrich Kessler, a law professor at Harvard and University of California Berkeley, who experienced the Weimar Republic hyperinflation:

Hyperinflation: Extreme inflation, minimally in excess of four-digit annual percent change, where the involved currency becomes worthless. A fairly crude definition of hyperinflation is a circumstance, where, due to extremely rapid price increases, the largest pre-hyperinflation bank note ($100 bill in the United States) becomes worth more as functional toilet paper/tissue than as currency.

HYPERINFLATION SPECIAL REPORT

The Kuntar Letter

The Kuntar Letter

Terrorist Samir Kuntar vows to continue
path of terror after his release
By Itamar Marcus and Barbara Crook

Background:

Samir Kuntar is the Lebanese terrorist serving four life sentences in an Israeli jail for murdering a four-year-old Israeli girl, Eynat Haran. He crushed her head with his rifle butt after murdering her father, Dani, and two policemen. Eynat's two-year-old sister, Yael, also died in the terror attack. Hezbollah leader Hassan Nasrallah announced last week that Israel had agreed to release Kuntar in exchange for Ehud Goldwasser and Eldad Regev (or their remains), the IDF reservists kidnapped in July 2006. Media reports indicate that such a deal is imminent.

HHS Provides more than $1 Billion

Date: June 3, 2008
For Release: Immediately
Contact: HHS Press Office
(202) 690-6343

Headline: HHS Provides more than $1 Billion to Improve All Hazards
Public Health and Medical Preparedness

HHS Secretary Mike Leavitt today announced that the department has made
available nearly $1.1 billion to continue assisting public health
departments, hospitals and other health care organizations to strengthen
their ability to respond to public health and medical emergencies as a
result of a terrorism attack or naturally occurring event.

"States and local communities need to be supported because they are the
front lines of response in a health emergency," Secretary Leavitt said.
"These funds will continue to enhance community readiness by increasing
the capabilities of health departments, hospitals and health care
delivery systems to respond to any public health emergency."

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