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Gold Glitters Once Again
Gold is glittering more than ever.
All the fundamentals are in place for a big run in gold.
The “hot money” has found a new friend: gold and gold stocks.
As we looked at a few days ago, the big money pension and mutual funds are betting big on gold too.
The thing is though, despite all of the attention gold is getting, 95% of investors will miss the biggest prize of all. Here’s why.
Gold is “Cool” Again
A few days ago the world learned that leading hedge fund manager John Paulson has started to place some very big bets on…
24May2009 | Q1 Publishing | 0 comments | ContinuedGold Prices: Two Ways To Play An Imminent 30% Drop
old prices are set to drop by 30% in the coming months.
I know… this flies in the face of conventional thinking. And maybe you think I’m crazy for even suggesting it. After all, we have a plethora of reasons why gold prices deserve to be two or three times higher than they are today…
- Massive currency inflation
- A financial catastrophe
- Political upheaval
- Wars
- Global warming
Add this to the fear of currency debasement, personal security concerns (see the record number of gun sales since the new Presidency), and lack of faith in anything coming from Wall Street, and you have the…
21May2009 | Smart Profits Report | 0 comments | ContinuedBarry Allan: Which Way Will You Make Your Play in Gold?
Source: The Gold Report
Consistently ranked as one of the top-10 gold and precious metals mining analysts in Canada, Capital Research’s Senior Vice President and Director Barry Allan offers a well-rounded perspective on the mining sector that combines geological fieldwork, equity research and finance. Now, after more than 16 years in the industry, he remains bullish on both gold and silver. In this exclusive interview with The Gold Report, Barry discusses his criteria for evaluating major and junior miners, explains how value price moves in gold are more driven by investors than jewelry demand and offers some risk-based guidelines for investors…
20Mar2009 | The Gold Report | 0 comments | ContinuedGold Setting Records in Non-dollar Currencies
Gold’s performance in 2008 could look like a real yawner.
After all, it only managed to eke out a 5.7% gain. Not the kind you’d normally brag about over cocktails.
As we rang in the 2009 New Year, gold at $850 an ounce (in U.S. dollars) was roughly 15% below its all-time record high, set in March 2008.
But everything in life is perspective. In a year when oil lost 59%, the Standard & Poor’s 500 Index was down 38%, and the Dow Jones Industrial Average gave back 30%, things could certainly be worse for gold bullion investors. Much worse, in fact. Just ask the typical…
17Feb2009 | Money Morning | 0 comments | ContinuedGold Investments Market Update – Gold to Reach $5000/oz According to Respected Goldcorp Founder
Gold surged a further 3.3% yesterday to $942.45 (as did silver) as worries about the US and global financial system and economy continue to grow and governments print money on an unprecedented scale to combat the economic crisis. Asian and European stock markets are again under pressure this morning.
The strong close above $930/oz yesterday should see us once again challenge the record highs of $1,003/oz seen last March (March 17th) when Bear Stearns collapsed.
We have since had a long period (nearly 12 months) of correction and consolidation and thus a solid foundation has been built from which the next leg…
12Feb2009 | The Gold Blog | 1 comment | ContinuedIn Gold We Trust
In the closing weeks of 2008, Americans have once again been shocked by a massive Wall Street scandal. Former Nasdaq chairman, Bernie Madoff was arrested for masterminding a $50 billion fraud. The Bernie Mad(e)off with investors’ money Ponzi scheme is just the latest Wall Street scandal to see the light of day.
I firmly believe that the Madoff $50 billion Ponzi scheme will be just the first of many Wall Street frauds that will be revealed in 2009. In the past, Americans trusted their hard-earned savings to Wall Street bankers, brokers, fund managers, and so-called professional money managers.
I seriously doubt…
31Dec2008 | Oxbury Research | 0 comments | ContinuedFederal Reserve Slashes Interest Rates Again… Why You Should Go For Gold, Commodities, And Financials
No surprise from the Federal Reserve yesterday afternoon.
Well, not really.
Bernanke & Co. did as everyone expected them to do and slashed U.S. interest rates. But it was the size of the cut – from 1% to a record low of 0.25% that caught some folks off guard.
You shouldn’t be one of them – at least not if you took our advice to buy gold stocks, as we’ve suggested for some time now.
If so, you’ve likely enjoyed double- and triple-digit returns since September. And there’s more to come for gold. But be careful. The price of gold and gold shares will not…
17Dec2008 | Smart Profits Report | 0 comments | ContinuedIf You’re Prospecting for Gold, Tell Them Ben Bernanke Sent You
U.S. Federal Reserve Chairman Ben S. Bernanke is caught between a rock and a hard place right now.
Sure, he would prefer that you focus on “core inflation,” since it excludes sharply rising food and oil prices. But we all have to eat and we all consume energy. It’s just a matter of time before core inflation starts rising alongside corn, wheat, beef and prices at the pump.
Ordinarily, the Fed would start raising rates to stave off higher prices.
But Bernanke really doesn’t want to be an inflation hawk right now. Raising rates would only make the already weakening economy…
18Jul2008 | Money Morning | Comments Off | Continued
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