[02/08] We are very pleased that last Tuesday's Wall Street
Journal gave the Classic Contarian Buy signal for Gold: On the front
page of their Money and Investing section was the headline - Gold loses
its luster as an asset -
"Good as gold isn't as good as it used to be".
Mark XAU at 65.72 (up 2 on that story! :))
Thank you WSJ.
A: You are referring to the precious metals market, not the stock market as that comes later right? We will be again trading the Gold market starting next month. It should be making some sizeable movements. But then our intermediate term outlook is UP, not down. ANY big dip is for us, another buying opportunity.
From our WSNW Alert 34A today: "...After today's news, our forecasted 16B+ US trade deficit for August, we are raising gold allocation for 1999 portfolios by 5%.". [Mark $297.90 and XAU 74.54]
Why are you not updating your Gold Section. It is so outdated. What are you XAU projections short term? Has it found a bottom?
A: [09/09] Our recommendations remains the same: just continue to accumulate as time goes by.
Currently star picks are the majors: ABX, NEM and PDG.
On our watch list: Broken Hill Proprietary (BHP)and Anglo-Gold (AU).
Gold is super cheap insurance against both inflation AND a future declining US Dollar!
Excellent Risk/Reward to buying Gold over the intermediate and long term.
GOLD below $300 amazing - We see the XAU above 100 in 1999.
To see previous gold buy recommendations, click below:
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