Gold Below $600!
Gold this morning is currently at $593.70. Has the bull market in gold ended? I believe that it HAS NOT! However, the precious metal is providing yet another opportunity to add to our portfolios. The fall/winter upward trend seems to be a bit delayed, but I believe it will kick in shortly.
This bull market in gold is very young at about five or six years. Therefore, I will be looking to buy in this price range. The mining stocks may open lower providing the opportunity to add to our holdings. The opening should be watched with eagerness.
Silver at $11 may allow more additions to our silver stocks (PAAS & SSRI). Both have been holding well above $20 for a while.
Long term, as we should think, the dollar will continue downward and the price of precious metals and likely, all commodities will move higher in terms of dollar cost. If/When the Chinese establish the Asian currency, the dollar will take another big blow.
Last week, the dollar gained some strength. However, I believe this will be short lived. Expect the CPI this week. Remember though, it is highly mis-managed and manipulated to give a favorable impression. In fact, it is nonsense even though the market reacts to it.
Carefully search and look for opportunities to add to your holdings. Study and make your own decisions. Commit them to the Lord, move out prayerfully, and wait for Him to provide the success.
Best to each, Doug
This bull market in gold is very young at about five or six years. Therefore, I will be looking to buy in this price range. The mining stocks may open lower providing the opportunity to add to our holdings. The opening should be watched with eagerness.
Silver at $11 may allow more additions to our silver stocks (PAAS & SSRI). Both have been holding well above $20 for a while.
Long term, as we should think, the dollar will continue downward and the price of precious metals and likely, all commodities will move higher in terms of dollar cost. If/When the Chinese establish the Asian currency, the dollar will take another big blow.
Last week, the dollar gained some strength. However, I believe this will be short lived. Expect the CPI this week. Remember though, it is highly mis-managed and manipulated to give a favorable impression. In fact, it is nonsense even though the market reacts to it.
Carefully search and look for opportunities to add to your holdings. Study and make your own decisions. Commit them to the Lord, move out prayerfully, and wait for Him to provide the success.
Best to each, Doug
posted by Doug @ 8:19 AM
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