This Week's Golden Nuggets - Central Banks, Goldman, Bank of America Positive On Undervalued Gold

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.

We released the Goldnomics Podcast and interviewed the 'Silver Guru', David Morgan about how silver and gold have been manipulated lower in the short term, are undervalued and will protect and grow wealth in the coming currency collapse.

Gold and silver prices have fallen again this week and this month and sentiment remains very poor. However, the 'smart money' is increasingly positive on gold - including central banks such as the People's Bank of China and Wall Street banks such as Goldman Sachs and Bank of America (see below).

Contrarian investors continue to buy cheap financial insurance and are accumulating gold and silver coins and bars on this price dip. Precious metal prices can go lower in the short term but falls to the downside are likely to be mild while the potential upside is very substantial.

At these depressed prices, canny contrarian investors are adopting the investment adage - buy low and sell high.

Enjoy and have a nice weekend!

Market Updates and News This Week

Central Banks Positivity Towards Gold Will Provide Long Term "Support To Gold Prices"

Europe Unveils "Special Purpose Vehicle" With Russia and China To Bypass SWIFT, Jeopardizing Dollar's Reserve Status

Gold Set to Soar Above $1,300 - Goldman and Bank of America

The Good News For Gold

Charts This Week

Source: Gold Industry Group

Source: Bloomberg

Source: GnS Economics via ZeroHedge

Videos This Week

Gold Prices (LBMA AM)

27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce25 Sep: USD 1,199.45, GBP 912.30 & EUR 1,019.77 per ounce24 Sep: USD 1,198.75, GBP 913.69 & EUR 1,018.70 per ounce21 Sep: USD 1,207.60, GBP 914.88 & EUR 1,025.25 per ounce20 Sep: USD 1,203.00, GBP 910.55 & EUR 1,027.72 per ounce19 Sep: USD 1,203.00, GBP 912.48 & EUR 1,028.44 per ounce

Silver Prices (LBMA)

27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce25 Sep: USD 14.29, GBP 10.86 & EUR 12.15 per ounce24 Sep: USD 14.32, GBP 10.90 & EUR 12.17 per ounce21 Sep: USD 14.33, GBP 10.87 & EUR 12.18 per ounce20 Sep: USD 14.23, GBP 10.75 & EUR 12.14 per ounce19 Sep: USD 14.18, GBP 10.76 & EUR 12.13 per ounce