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A Golden Buying Opportunity
This latest
pullback in the commodities space has presented long-term bulls and
inflationists with a terrific buying opportunity in the inflation hedge are.
Indeed,
Silver looks to have put in a base and is now challenging resistance at $37.50.
If we can break that level with conviction we’re off the to the races again.
The picture
is even rosier for Gold which not only held its trendline (and the first line
of support) but has bow broken out of a triangle pattern to the upside: a move
that predicts a re-test of the highs:
However, the
pullback in commodities has been EVEN BETTER for other lesser known inflation
hedges. Indeed, individual players were absolutely decimated, bringing them to valuations we haven’t seen since 2008.
Consider
that during 2008, Gold traded around $900 per ounce. Today it’s at $1,500. And
yet, based on reserves and underlying assets, many inflation hedges today are
trading at valuations equal to when Gold was only at $900 per ounce.
In other
words… BACK UP THE TRUCK!
On that
note, if you’ve yet to take steps to prepare your portfolio for the coming
inflationary disaster, our FREE Special Report, The Inflationary Disaster explains not only why inflation is here
now, why the Fed is powerless to stop it, and three investments that absolutely
EXPLODE as a result of this.
All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.
To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Good
Investing!
Graham
Summers.
PS. We also
offer a FREE Special Report specifying exactly how to prepare for the coming
collapse in the US stock market (inflation will NOT be positive for stocks for
much longer).
I call it The
Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a
wealth of information about portfolio protection, which investments to own and
how to take out Catastrophe Insurance on the stock market (this “insurance”
paid out triple digit gains in the Autumn of 2008).
Again, this
is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
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Not a gold hater, or a online gaming hater. But I am not crazy about where inflation takes us.
Chinese prisoners forced into WoW "goldmining" scheme, says detaineehttp://www.betanews.com/article/Chinese-prisoners-forced-into-WoW-goldmining-scheme-says-detainee/1306447522
So what are these other lesser known inflation hedges?
Just another garbage advertisement here, again.
Canned Spam and K-Y Personal Lubricating Jelly.
How come none of these guys ever put in a "price" to buy, if that is what they are saying?
Should I just buy whatever the price is right now or is there a better level?
What stop loss should I put in, or should I even use one?
Friend, just ignore this blurb and visit "Trader Dan's Market views" (Dan Norcini) and Turd Ferguson's "Along the Watchtower" (jsut google them). Takes some getting into, but great graphs and good suggestions for buy and sell prices (traders) or buy (holders)
I just grabbed up couple more gold eagles. My local guy was out, so I ended up going through Miles Franklin, still cheaper than Kitco. Premiums are a bitch though.
Stock up Bitchez!