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Some Things Never Change
An old friend of mine stopped by the office a few weeks ago and he unwittingly reinforced my complete confidence that you can still do very well in the markets. This is saying quite a bit given the frustrating state of the markets where government decree drives nearly all of daily trading activity.
Now, he wasn’t overly bullish or bearish. He wasn’t betting big on a rally with banks. And he didn’t just make a huge score on some triple-leverage ETF or anything like that. He’s simply running his business and, in the midst of the worst economic downturn decades, it’s…
25Mar2009 | Q1 Publishing | 1 comment | ContinuedObama Says, “Buy Gold”… Three Reasons Not To Listen
President Obama has all-but sealed the fate of the U.S. dollar.
In doing so, however, his policies – no matter whether they’re forced upon him or deliberate – have opened the floodgates for gold and gold stocks.
In fact, they’re setting the stage for the biggest rally in gold’s history.
Over the past several months, we’ve told you why you should buy gold and highlighted one of the best gold indicators you can use to determine when to buy gold. But today, we’re simply going to show you how to profit from the yellow metal…
Three Reasons Why Gold Is Headed Higher
Okay, so Obama hasn’t specifically…
25Feb2009 | Smart Profits Report | 0 comments | ContinuedGold Investments Market Update – Many Government Mints, Wholesalers and Refiners Internationally Continue to Ration Gold and Silver Bullion
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Gold is marginally lower today despite sharply weaker oil prices (Light Sweet Crude Oil Future – Combined – FEB09 : -5.14%) and a slightly higher dollar (US DOLLAR INDEX: 83.01 +0.6%).
There was significant volatility last week and such volatility often portends a big move up or down. Given the strong fundamentals, gold’s next move is likely to be up, especially as investment demand for gold coins, bars, certificates and exchange traded funds remains very robust.
Concerns regarding the dollar’s long term health (and other major currencies) given the likelihood of trillion dollar deficits in the next few years are likely contributing…
14Jan2009 | The Gold Blog | 0 comments | ContinuedGold Bugs Have Fed to Thank for Recent Rally
The currency markets reaction to the Federal Reserve’s recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.
As a result, gold has started to shine again as a stable source of value at a time when the dollar and other commodities – like oil and copper – have fallen hard. The spot price of gold has climbed above $870 an ounce on the New York Mercantile Exchange, up about 20% from its October lows.
Gold has been on roller coaster ride in 2008, moving…
31Dec2008 | Money Morning | 0 comments | Continued
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