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Our precious yellow friend is a raging rocket yet again. Up more than $50 an ounce in the past four weeks. Did you listen when I told you to load-up? I told you so. I told you that gold’s pullback would be short-lived. In fact, four weeks ago – back when gold fell below $1,180 – I issued an alert saying “Mark my words: Gold will be back above $1,200 in no time... do yourself a favor, buy on the dips...” And here we are today. Gold just hit a seven-week high of $1,235 an ounce. Had you picked up an ounce back when I told you to, you’d be in the green to the tune of 5%. That’s an annualized return of 61% - a rate the hedge fund “pros” only dream of. So what’s fueling the surge this time? Well for one, this latest jump comes on the heels of yet another economic slap in the face as US claims for unemployment benefits unexpectedly hit a nine-month high. A lack of job creation is nothing new. But it’s pushing the US economy precariously close to “double-dip” status. And that’s putting pressure on the dollar which, as I’m sure you’re well aware, is very bullish for our precious yellow friend. I’m not the only one who thinks gold is set to soar as the shaky set of stimulus-boosted stilts propping-up the US economy breaks... In a recent survey, 19 of 24 traders, investors and analysts surveyed by Bloomberg said the metal will gain even more next week. The survey cited economic recovery concerns as the main cause to spur demand. Listen, the outlook for gold is rosy indeed. Now is an ideal time to review your portfolio and ensure you have some exposure to the metal. Yours in profits,
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