Wednesday, November 25th, 2009

Profit from the Fed’s P&B Campaign

Posted on: Jul 10th, 2008 | By Sally Limantour | Filed under Gold Market

Printing & Bailing R Us — that’s the new name for the Federal Reserve. As they ramp up the presses and bail out the banks, one thing is for sure: Gold prices will soar. The fact is, money supply is expanding at a hyperinflationary rate while credit is shrinking. This is a toxic cocktail for exploding gold prices.

Agnico-Eagle Mines (AEM:NYSE)

One stock sure to be shaken, not stirred, is Agnico-Eagle Mines (AEM:NYSE). This Canadian mining company is sitting in the sweet spot with five new mines coming online this year alone.

Its 2008 projections are expected to grow by 50%. And it pays a dividend every year. AEM also operates in a safe place — Quebec.

It’s tough to find a gold company with production growing this rapidly and with very low cash costs of $200 per ounce.

The fundamental story is there, and as gold prices head back over $1,000, AEM will shine.

Sally Limantour

Editor, Taipan


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Source: Profit from the Fed’s P&B Campaign

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About the Author

Sally LimantourSally Limantour is the Editor of the Taipan Online newsletter, a 20-year-old advisory about capitalizing on global opportunities, and Death Cross Trader. With 30 years of experience, Sally offers our readers a strong background in the financial, futures, commodities sectors, as well as the developing -- and highly profitable -- emerging and frontier markets.

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Taipan Daily is your free resource for late-breaking investment opportunities to help you beat Wall Street to the profits. Filled with investment analysis and insight from every sector. Taipan Daily delivers just the right blend of safe opportunities with the fast-moving plays, so you have an insider's edge over Wall Street and other investors.

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