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2009 Gold ForecastIn these pages of PROFIT CONFIDENTIAL, I turned bullish on gold in early 2002 and I've been bullish on gold ever since. From the beginning of 2002, gold has risen 197%, or a healthy compounded rate of about 20% per annum. As for the gold producer stocks, the various financial advisories we publish have picked several gold stocks that have more than doubled in price. Looking ahead, we continue to be bullish on gold bullion. In fact, if it were not for the threat of deflation that became so dominant in 2008, we believe that gold bullion would have closed out the year at well over $1,000 U.S. per ounce. While the bears will argue that gold bullion prices will be weak in 2009, because the recession will curtail consumer demand for jewelry, I see 2009 as another banner year for gold for these reasons: --- Depending on which statistics you believe, governments around the world have committed about $7.0 trillion to bailing out the economy. To finance this stimulus, governments are facing large deficits. The U.S. itself will auction off $2.0 trillion in debt this year. --- The world, especially its governments, is awash in debt. Currencies do not fare well under the pressure of severe government deficits. I expect a confidence crisis in several currencies in 2009, which will bode well for gold bullion prices. --- Ben Bernanke and the Federal Reserve have opened the proverbial flood gates of liquidity. Eventually, all this liquidity will result in inflation, which is gold's best friend. Gold bullion, and in particular quality gold producing stocks, will have a banner year in 2009, in my opinion. Profit Confidential --- http://www.profitconfidential.com/ LOMBARDI PUBLISHING CORPORATION News, Analysis, and Information Services Since 1986. One Million Customers in 141 Countries. Lombardi Publishing Corporation Financial Publications Division 350 Fifth Avenue, Suite 3304 New York, NY 10118-3304 --- Copyright 2008; Lombardi Publishing Corporation. All rights reserved. No part of this e-newsletter may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever , without written permission from the copyright holder. Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORMichael Lombardi, CFP, MBA, bought his first stock when he was 17 years old. He quickly saw $2,000 of savings from summer jobs turn into $1,000. Determined not to lose money again on a stock, Michael started researching the market intensely, taking every course he could afford. It didn’t take long for Michael to start making money with stocks, and that led Michael to launch a newsletter on the stock market. Today, Michael only employs the top market analysts and editors. Some of our recommendations have posted gains in excess of 500%! Michael has authored and published over one thousand articles on investment and money management.
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