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We invite you to enjoy this review of the USAGOLD NewsGroup. This page conveniently lists links to gold articles and opinion pieces which have been recently featured in our popular NewsGroup e-mail service. To ensure that you receive the alerts, be sure to review the preference settings of your junkmail filter and whitelist admin@usagold.com as an approved sender. If you would like to join the NewsGroup to receive timely updates of breaking news by e-mail, click the link below to sign up. ![]() |
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USAGOLD NewsGroup Alert Confident Investors Banking on Gold, $2,000 Expected Next Year After it's early Autumn rally, gold is working through what looks to be just another one of its brief seasonal slumps that typically strike at this mid-Autumn time of year (late October to early November). See the chart below for more insight on gold catching its seasonal breath followed by its typically powerful year-end performance. And read on for expectations of an imminent $2,000 per ounce gold price, with sights upon $5,000 beyond... Confident investors banking on gold ...Barbara-Ann King, Head of Investments at Barclays Stockbrokers said: "Despite the price of gold dipping this week, the past nine months have seen the popularity of gold soar. The credit crisis triggered a flight to safety from investors and gold's perceived safety and lack of correlation with equities saw investors flock to it... "Central governments around the world have already reacted by remarking that gold may become the reserve currency of choice over the dollar as its value drops compared to other safe havens. ... While it is encouraging to see our clients looking bullish in their outlook for the price of gold it is worth all investors bearing in mind that commodities like gold and the products that provide investment exposure to them can be volatile."
...Given that government policy, programs, and spending on a massive scale is what's currently fueling our economy, it makes any attempt at investing more akin to a random gambling crapshoot than to our national tradition of rational speculations based upon considerations of conventional economic metrics and corporate fundamentals. And this random crapshoot certainly seems to be borne out by this past week of volatile action in the U.S. markets in which the Dow Jones industrial average has had a series of triple-digit days, moving up or down by at least one percent in four of the past five sessions. So much for the idea of a rational stock market that already has every fundamental thing, more or less, "priced in"...
Gold bull market to run for another five years . . . Really, when you stop to think about it we all tend to make the practice of successful trading and investment harder than it really needs to be; we apply dozens of conflicting indicators and then listen to too many different points of view, and then wonder why we've become powerless to choose just which side of the market to be on. Sound familiar? It should, because if we're all honest about it, everyone who's ever traded and invested for any length of time has probably found themselves mired in a similar situation, one in which confusion and fear overshadows sound logic, long-term fundamentals and high probability patterns of momentum, support and resistance... ...at some point in this ongoing Gold bull market, we may very well see the price of Gold completely de-couple from any semblance of correlated movement with the broad stock market indexes, as investor concerns over inflation and dollar devaluation trump all other considerations. And even a small percentage of money pulled from the stock market -- subsequently re-invested in the Gold market -- could make such a 'de-coupling' an event worthy of notice by millions of investors, worldwide.
Dollar will be worthless amid fiscal 'disaster' in U.S., Faber says The dollar will become worthless when people eventually realize the fiscal situation in the U.S. is a "disaster," said Marc Faber, publisher of the Gloom, Boom & Doom report. "It will go to a value of zero eventually, but not right now," Faber said today in an interview on Bloomberg Television. "Looking at Mr. Obama's administration, it should already be there. I think it will take about 10 years until people realize that the fiscal situation of the U.S. is a complete disaster." While the dollar may rebound in the short term because it's been oversold, a rally won't last because the U.S. will be forced to print more money to pay its debt, Faber said.
Gold to rise to $2,000 amid 'massive' inflation, Superfund says Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against "massive" inflation sparked by governments printing money, according to Superfund Financial Singapore Pte's Aaron Smith. "In the next few years, after the deflation cycle, we'll see massive inflation," Managing Director Smith, 30, said in an interview. "Soon, when you go to buy a cup of coffee, you'll pay $20 or $30 because the dollar won't be worth anything." ...Gold rose to an all-time high this month as governments including the U.S. boosted debt to combat the global recession. The metal has strengthened 18 percent this year, while the Dollar Index, a six-currency gauge of the dollar's strength, fell 6.4 percent... "When the U.S. dollar crashes, all the paper currencies have to crash, otherwise if their currencies are too strong, their economies will be weak," said Smith...
Goldcorp founder sees gold at $2,000 by end of 2010
"There is a seasonal low in this part of the year; I wouldn't be disturbed by it," McEwen said. "I think by the end of 2010 we will be at $2,000; by the end of this cycle it will be at $5,000." He gave no timeframe for the end of the cycle.
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