Yesterday in the UK publication, Metro, Jim Rogers advised investors to move to China if they spoke Chinese. Today, I have my own piece of cultural advice: Tell your children to take French and German in school. And while you’re at it, grab your own Rosetta Stone guide to foreign languages… You might need it sooner than you think.
It was a mixed session during Tuesday trading on the Canadian Markets, with the big board issues seeing gains, while the junior bourse closed in the red. For the tale of the tape, the TSX Exchange added 1.91%, while the TSX Gold Index rallied 4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 1.08% with the declining issuers edging out the advancers by a 335 to 310 margin on volume of 119 million shares traded.
Gold hit two historic milestones in 2008. First, in early March, the “yellow metal” hit its all-time high of $1,030 an ounce. Just three months later, the price of gold for December delivery had plummeted to $681 an ounce, a 21-month low and 33.9% drop from its record high. Most gold bugs were equal parts puzzled and broken-hearted.
The recent slump in gold prices has puzzled many investors who considered the yellow metal a safe haven. But Mike Caggeso says the inflationary impact of the government’s $700 billion bailout program could send gold soaring towards $1,500 an ounce by the end of 2009. He recommends five ways to play this coming gold bull run.
William Patalon III says the US economy is heading into recession and there is little the Fed or Treasury can do to stop it.
But that doesn’t mean contrarian investors can’t make a profit. History is littered with examples of investors that made a fortune during the darkest days for the economy.
William has a four-point plan to beat the bear this time round: 1) Load up on high dividend stocks; 2) Buy gold; 3) Stick to ‘global titan’ companies; and 4) Stay relaxed…
Wall Street is on its knees, and the taxpayer is on the hook for well over a trillion dollars to prop up the financial system.
Meanwhile, the wider US economy is sliding into a recession.
William Patalon III says there are four solid ways to protect your portfolio from these forces: 1) Buy dividend-paying stocks; 2) Buy gold; 3) Buy companies focused on overseas market; and 4) Don’t panic…
Martin Hutchinson in Money Morning says that over the long-term oil and agricultural commodities are likely to deflate.
This is because, once the threat posed by the US housing crisis has passed, the Federal Reserve will be forced to increase interest rates to fight inflation. Other countries will follow, which will deflate the commodities boom.
However, over the short-term, gold, whose movements are directly linked to inflation, is likely to bounce. Martin reckons a price tag of $1,500 an ounce for the yellow metal is entirely possible. He recommends two ETFs and four gold miners to profit from this situation…
Crude oil has dropped form its July 11 record of $147 to just over $113 a barrel. Gold, meanwhile, has come off its March high of $1,030.80 to slip back below $800 an ounce.
Many in the mainstream press are calling an end to the “commodities bubble.” But oil and energy expert Byron King warns investors against betting against cheap oil and gold.
Byron says what we are seeing now is a short- to medium-term correction in the trends for energy and resources. Investors who buy beaten-up oil service stocks and gold miners now stand to make major profits…
MoneyMorning.com is one of our favorite contrarian investing websites here at Contrarian Profits. That’s because it puts out tons of great investing insights every day.
And today is no exception. Money Morning has just published a great special report: The Five Best Ways to Invest in Gold Today.
Frankly, this is one of the best gold investing guides we’ve come across. It’s well worth reading. And considering gold prices have already jumped 43.25% in the past year, it could prove extremely lucrative…
U.S. Federal Reserve Chairman Ben S. Bernanke is caught between a rock and a hard place right now. Sure, he would prefer that you focus on “core inflation,” since it excludes sharply rising food and oil prices. But we all have to eat and we all consume energy.