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Roger Wiegand: On the Cusp of a Significant Rise in Gold
Source: The Gold Report
The ‘Sell in May’ situation could arrive right on time this year, according to Roger Wiegand of Trader Tracks, who anticipates the next larger, extended rally in gold this fall. In this exclusive interview with The Gold Report, Roger suggests some alternate market plays for the lean summer months and explains why he believes "the deck is stacked against the stock market" and $1,375 gold appears in the cards.
The Gold Report: Roger, last week in your newsletter you talked about seeing two "flying wedges" in the Dow in the technical charts. Do these wedges have anything to do…
20May2009 | The Gold Report | 0 comments | ContinuedFive Ways To Profit From Gold’s Steady Advance in 2009
Gold hit two historic milestones in 2008.
First, it hit its all-time high of $1,030 an ounce in early March.
Just three months later, the price of gold for December delivery fell to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Most gold bugs were equal parts heartbroken and puzzled. Global stock markets tanked alongside the world’s biggest economies. But so did gold, which is widely considered to be a safe haven investment when everything else in spiraling south.
Story continues below…
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All signs point to explosive rise in the gold price: Part 1
“Downside protection and potential extraordinary upside participation”
With more than 20 years of experience in the investment industry, Sheldon Inwentash, chairman and CEO of both Pinetree Capital and Mega Uranium sheds some light on the future of gold and navigating the “murky and tricky†junior space.
The Gold Report: Sheldon, from a macro overview, where do you see the precious metals going? The U.S. government and all central bankers are jumping in at unprecedented levels. The Fed says it’s going to throw in everything it’s got to stimulate. Is it going to be enough and what will that mean for commodities? Or, if…
7Jan2009 | The Gold Report | 0 comments | Continued
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