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Gold To Make Yet Another All Time HighBy
By: Elizabeth Kraus
Gold To Make Yet Another All Time High
What does an oil-drenched supermodel blowing black feathers out of her mouth have to do with gold and oil? “Yep! Baby,” says Italian Vogue picturing a model lying like a dead bird on black rocks blowing black feathers of death from her lips, “Controversy honey = money!”
I hold my breath and decide not to say another word ‘cause obviously, our eyes aren’t the same. With the rising uncertainty of the joblessness, sickness, poverty, war, shorter grocery lists, less frequenting trips to malls, no more movies @ $15.00 a clip, those are the Real issues in Vogue! Budgets are tight and the economy is rough, nothing like the chopping bags of Versace, Valentino, Bulgari, Fendi and Armani carried by the disconsolate and loaded Reality TV Housewives from Orange County, Jersey and Washington!
“Boo friggin’ hoo! How much do we have to pay these old, spoiled, ugly hags with the big hairs, big boobs and foul mouths to go away?” someone asked me…
Frankly, my concern is not about the ego centric superficial controversy equals money–honey, but about the real housewife’s going to the grocery store tomorrow only to find that a loaf of bread cost $ 32. A dozen eggs cost $ 41 And milk? How’s $ 51 a gallon sound? And, if you think hyper-inflation couldn’t happen here in the U.S… you’re dead wrong. The bottom line is…everything is topsy-turvy in today’s face of logic…and that’s the real reality.
Here Comes The Judge
Fact # 1: The dollar is getting less and less in value in its “odious comparison to the euro, which was the rankest thing around in the first half of this year,” said Frank McGhee, head dealer at Integrated Brokerage Services LLC. But, “if the Feds do something more accommodative to spur the economy, you’re going to see an explosive rally in gold.” he added. There’s an opinion that this can affect the Mac security software prices.
Fact # 2: Since the summer doldrums are normally a weak time for gold, with July and August historically being two of the worst months for the yellow metal, gold prices have bounced back this August with gold now only $40.00/oz off its high. “We are not sure why so many investors believe all in the markets and general economy is well, when gold is less than 5% from its all time high whilst the S&P 500 is 40% from its high.”
So, lets cut the mumbo-jumbo in the theatrics that keep us anesthetized, and focused on bailouts…Wall Streets golden parachutes…the needless crayon of more and more gov’t entities…If I am correct, in actuality the Federal Reserve owns the United States and our elected officials are beholden to the bankers, but not to us, the American people. As of today, the FEDS have stepped in as a “shadow government,” controlling the money supply through our taxes…
…Fed’s On The Move
Looking further into this, with the Federal Reserve purchasing massive quantities of US treasuries to keep rates low and inject mountains of cash into the system in an attempt to prevent a double dip deflationary depression, it may sound like good news…But is it, let’s clarify!
Our economy is continuing to adjust to the structural changes inhibiting real job growth. These changes are part and parcel of the ongoing deliberating occurring in almost every corner of our economic landscape. What should we expect from Washington? With little political will to pass another round of economic stimulus, Barack and friends will look for Uncle Ben Bernanke over at the Federal Reserve to take us for a cruise on the QE2.
What’s that Cruise you say?
The one carrying us on the ‘Ship of Fools?’ Well, let’s see…Should the Feds launch another round of quantitative easing, in the process, our greenback will be under pressure, our interest rates will remain low, and equities and other credit sensitive sectors will likely continue to gain support from the dollar carry trade. But lets focus on the main deck and tell the captain to concentrate on the mandates and stop trying to keep creditors of mortgage securities whole; they made bad investments they should take the hit; then only, and only then we can we move on! Stimulus has re-liquefied the financials; let’s get the mortgage securities credit markets moving again, so people are not stranded again, and again, but repeat after me: fair value is not par!
QE2 Is Ready to Make your Gold Demands
Even thought these policies will increase inflationary expectations as we expect QE2 to involve the Fed injecting perhaps another trillion dollars into the system, money will flow to gold as an inflationary hedge. Gold will also attract more buying over the coming months as the economy begins to slide and more people realize this “recovery” was nothing more than a shot of adrenaline which only gives a temporary boost. The safe haven status of gold will come into play as investors realize that they should probably “have a bit in gold” and their combined buying power could send gold past $1300 by the end of the year.
Whilst we are not certain that gold can reach $1300 in 2010, we are confident that the yellow metal will reach a new all time high by the end of the year, i.e. gold will trade higher that $1265/ounce.
In conclusion we would suggest buying gold on any weakness this month, but regardless ensuring that one has a decent long position on gold in place within the next 30 days. This next leg of the gold bull market will deliver spectacular returns to those on the right side of the move, so make sure you are in place and long gold to take advantage of this major rally. Our premium service at Regal Asset delivers real time signals and update to subscribers, so if you are interested in using options to enhance your returns during this gold run visit www.regalgoldcoins.com or call 1-888-700-9887 and speak with a gold specialist.
BUY NOW: Gold To Make Yet Another All Time High
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