All Posts Tagged With: "Gold Etf"
Buy Gold Now to Profit from Traditional Christmas Rush
These are dark days for gold bugs. This week, gold futures dropped below $800 per ounce. Shares for gold producers such as Newcrest (ASK:NCM) are trading at 2006 prices. But Al Robinson at The Daily Reckoning Australia says the gold sell-off is irrational, and won’t last much longer. He says the fact that gold is scarce and Fiat money is abundant sould make it obvious which is the better investment in the long run. Al says buy now to benefit from the annual Christmas gold rush…
Why ‘Hard Wealth’ Is the Best Kind of Wealth
Nathan Lewis, the author of Gold: The Once and Future Money, says inflation is the biggest threat to your capital. Following the advice of stockbroker Gerald Loeb in his book The Battle for Investment Survival, Nathan says the best way to protect your wealth against inflation is “hard wealth”: gold, silver and other commodities.
Shovel Up Gold, Silver and Oil Before They Zoom in Price
The Mogambo Guru finds himself getting up and finding out that the US national debt is now a terrifying $9.608 trillion - up a whopping $637 billion from this time last year. He says you should buy gold, silver and oil now, because they will zoom in price thanks to the ruination of the US dollar…
10 Reasons Why Gold Will Never Be This Cheap Again
Gold futures fell for a third day yesterday. They were driven down by sliding crude-oil prices and a strengthening dollar.
For gold bugs, the yellow metal now sells at a depressingly low $808.20 an ounce on the Nymex. There’s worse news on the horizon. Jon Nadler, senior analyst at Kitco Bullion Dealers, says gold “appears poised to retest the $775 zone.”
Gold bug Ed Bugos isn’t sweating it. He says central banks and their inflationary policies will see to it that gold will surge again. Ed has ten very solid reasons why we’re about to see the last of cheap gold.
Price Manipulation Means Gold Is Selling at Extreme Value Now
You don’t have to look to obscure charts to know that gold price manipulation is happening, says Jon Herring in Investor’s Daily Edge.
Alan Greenspan gave the game away before Congress when he said, “central banks stand ready to lease gold in increasing quantities should the price rise.” He was telling Congress that the leasing of central bank gold was to suppress the price of gold, not to earn money on a dead asset, as officially stated.
This manipulation, plus reported shortages in physical gold, means the yellow metal represents extreme value right now.
Precious Metals Push Higher
Gold was slightly higher to the mid-point of the London session yesterday, when it rose sharply to its intraday high of $844, but the rally was abruptly capped in the second hour of New York trading, with sellers driving the price back to $825 before the metal showed a little late strength into a finish at $833.70, up $7.50. Overnight, gold has edged higher.
2 ETFs and 4 Mining Stocks to Profit from $1,500 Gold
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 U.S. 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…
Short Sell Oppotunities on Oil and Gas ETFs USO and UNG
1-2-3 Trader editor Jim Stanton says commodity ETFs are riding the three-point waves of a downturn. After the first trough, the stock stages a small rally, before heading back down. This pattern provides good buy and sell signals for resource investors. Jim says ETFs United States Oil Fund (AMEX: USO) and United States Natural Gas Fund (AMEX: UNG) have further short-term corrections ahead, meaning an opportunity to go short.
Byron King Says Commodities in a Short-Term Correction
It’s a difficult time for commodities bulls. Crude oil is off more than 20% from its July peak. Gold is going for about $830 an ounce, way off its Spring highs. And the Reuters/Jefferies CRB Index is down 19% from its June high.
Energy expert Byron King says investors shouldn’t panic over the drop in prices. For a start, August is a notoriously poor month for commodities. It tends to be a month of net selling.
Despite some demand issues caused by the global slowdown, Byron says commodities are in a short-term correction. And that means plenty of great bargains on offer…
Peter Schiff Says Commodities Dip Is a Market ‘Fake’
There’s plenty of bullish sentiment around commodities here at Contrarian Profits.
Byron King says gold and oil prices are experiencing a correction, not a trend reversal, and that the long-term prospects for these commodities are bullish.
Euro Pacific Capital president Peter Schiff goes even further. He reckons the outlook for gold and oil has never been brighter. That’s because the current dip in commodity prices - and the dollar rally - is a market ‘fake’ that Wall Street has bought into without a rationale. The fundamentals simply don’t support it…
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