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In today’s Growth Stock Wire, Jeff Clark cites Three New Reasons to Buy Gold. His reasoning: There’s no way the US taxpayer will make money on this bailout – so why is the government floating that idea? The urgency to pass this bill seems suspicious. It basically grants unlimited authority to the US Treasury. Definitely […]
Note: This article was also picked up by Seeking Alpha. I personally fear for what may happen to the dollar over the next several years – I don’t see any way these government bailouts will not result in an excessive printing of US dollars. Faced with this reality, I know that many people who share […]
A review of my trades from the week that was: Went long December Gold – I picked up a gold contract on the big breakout this week. As we’ve discussed in this space before, I believe the government’s printing of money as fast as it can will send the price of Gold and Silver higher. […]
Here’s a very funny video for your Friday. You gold/silver bulls will especially enjoy the banter.
Looks like gold may have kicked that nasty downtrend… (And phew – this rally could save my marriage!)
Jeff Clark writes that gold stocks are about as oversold as they can be – and he expects an explosive rally in the coming months. I’ve been tracking Clark for a bit, and the guy is a very sharp trader – definitely pay attention when he calls a play like this.
“Governments and politicians do not understand markets and they are making the situation worse by trying to impose controls on the markets,” Jim Rogers commented in a recent speaking engagement. Rogers also expects coffee, sugar, and cotton prices to rise sharply. Sees upside for zinc and silver prices Has no plans to sell gold Intends […]
Your guess is as good as mine – but I sure wouldn’t hop in front of this runaway train. And as long as the dollar continues to gain ground, commodities are going to have a rough go at it – especially gold and silver. Chart courtesy of Agora Financial:Anyone care to hazard a guess on […]
From Reuters: The U.S. mint said in a statement on Thursday that it was temporarily suspending sales of its American Eagle bullion coins due a shortage as demand soared. This “super spike” in gold bullion happened as gold touched as low as $773, a nine-month low. Apparently, many savvy US investors took advantage of the […]
Buy. Or hold – and buy when the uptrend resumes. Sure this correction hurts. But corrections happen, and gold/silver were going parabolic for a bit – and anything that goes parabolic corrects eventually. For a big picture view – let’s turn off CNBC and review the facts. First, let’s discuss all of the fundamentals that […]
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