Load Up With Cheap Gold Now
Aug 14th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThis is a testing time for gold bugs.
After dashing past the $1,000 mark in March, gold is back down to just over $830 an ounce.
But there’s hope. The Sovereign Society’s Eric Roseman expects to see a massive rally in gold stocks as the dollar’s surge runs out of steam.
“Without higher interest rates to support the buck,” says Eric, “balanced budgets or a rapid return to above-trend economic growth, there is absolutely no reason for the dollar to sustain this rally beyond a few months.”