THE PERFECT STORM?
Yes its always in the charts, has been over and over again since Cowles
all stock index in 1876. Time cycles happen every 40 years. It is
time, what jpm describes as the W is the shift from a primary bear to a
primary bull market. Of course the M is the opposite, but what is the
psychology of a bull. Fear to confidence to greed however what are the
factors to converge to create such a rally?
The U.S. economy is sinking, inflation is becoming a swell, the U.S.
dollar is floundering. Much to the dismay of the master manipulators
gold is becoming ever more golden. The storm has created 20 ft. gold
prices. Jumped to a two month high, you know who rides the crest?
Shares of North American gold miners have just made new highs for the
year.
June gold futures in New York rose US$12.65 to US$286.15, their highest
mark since March 13. Spot bullion also higher. The
The midsize gold companies like Meridian Gold Inc. (MNG/TSE) up 13.7%
and Glamis Gold Ltd. (GLG/TSE) up 10.8%. the biggest gainers.
K.I.A.C. has always recommended these for the past two years.
Lets add up all the factors:
The fifth U.S. interest rate means US economy trouble. It takes about a
year for the cuts to be realized.
These rate cuts, fuel for future inflation?
And how about those higher energy prices? what are they doing?
The Tide of inflation is coming in.
Strong demand at Britain's auction of 20 tons of gold on Tuesday was 3.7
times oversubscribed.
I will say what others do not. The whacky gold derivative folks, the
paper golders can not cover higher gold prices.
Let sum up all these factors for a PERRRFECT STORM
gold a safe haven.
gold a safe haven.
gold a safe haven.
gold a safe haven.
Ah, lets see....OH YEA, still very expensive world, crash in Nasdaq as
lead by tech stocks, did I say sea sick U.S. dollar?
Hmmm where to go? you like Euros? Dollarized Central America?. Gold is
an obvious safe haven and affordable for non-U.S. dollar-based
investors since gold is priced in U.S. dollars. Do you think it is time
for
Gold to be priced in EURO's? it could be.
Once the US Dollar falls overboard, plan on 100 ft rises in gold, past
the $300 kill barrier. Certainly by August at the latest.
PREDICTION:
jump in shares of the intermediate producers COULD BE OVER, Think of the
larger players like Barrick Gold Corp. and Placer Dome Inc.
or the smaller players.
Ride the Bull into the perfect storm
If you think this was BULL, than click hear!
http://www.two-cents-worth.com/?107245
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
