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Up $37.00 in One Day: Why it's Still Not Too LateWhat's been the best performing Dow Jones sub-index over the past three months? You guessed it. The Dow Jones U.S. Gold Mining Index is now up 85% since late October 2008. Friday, November 21, 2008 was the last time gold bullion had a big one-day jump, up $43.00 for the day. My PROFIT CONFIDENTIAL editorial the following Monday asked if you owned any. I finished that editorial by saying, "...investors not exposed to gold-related investments might be doing themselves long-term harm." Gold was trading at $792.00 an ounce on November 21, 2008, $108.00 below where it trades today. Seasoned readers of this column know that gold-related investments have been my favorite for several years now. Since 2002, I've been telling anyone who would listen that gold bullion would be the place to be. As more time passes, I become more convinced that gold will be a huge winner. The facts, in my opinion, are quite simple: --- While we are in a recession today, the unprecedented monetary efforts of the U.S. Federal Reserve will eventually become inflationary. --- President Obama has made it very clear that getting Americans back to work is a number one priority. One of his prime tools in this goal will be massive government spending projects (and, I believe, continued government bailouts). This massive amount of debt will place substantial pressure on the value of the U.S. dollar against other world currencies. And what other currency will fearful investors run to for safety? The yen? The euro? I believe gold will be the big winner of the currency flight. As I said back on December 13, 2002, in PROFIT CONFIDENTIAL, "I've been pushing gold bullion and gold shares for over a year now." 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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