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GOLD
ROCKETS HIGHER! How about that gold price! Look at that baby go!!!
Are you in this market? You are if you have any sense. A lot of money is being made right now. “Gold soars to six-month high” Click I noticed the first blooms of spring today. Downtown Greenville at Port City Java coffee shop the dogwoods were blooming in all their glory. You’ve got to move south. Our Springs begin in earnest in February. We’ll have a few colder days yet in March but for the most part spring has “sprung” with the advent of March. Yankees eat your hearts out! Temperature hit 70 degrees today with a bright and shining sun. Lots of wind but that’s OK. The wind just works to drive the winter away and the gold price higher. “Gold soars…” Click As spring marches forward so too does the price of gold. Funny how they seem to work in unison. A higher price for gold seems to follow the new blooms. A strong wind actually serves two purposes. It brings spring in that much sooner and it works to drive the gold price to new highs. George Paulos offers a good speculation for the recent beautiful gold price spike. Investors grasping their shorts. George Paulos – “I pretty much expected a gold shank (an engineered sell off) Tuesday morning (2/20) after looking at the COT (gold futures Commitment of Traders) report on Friday. This is typical behavior of the gold managers at technically significant levels. I had been discounting the COT for at least a year since it seems to have decoupled from the price of metal, but it’s hard to ignore the gold COT at this level. But this time the shank didn't work. There was too much buying because of strong technical support nearby. Traders are watching the trend lines which are screaming "breakout!" And Wednesday gold broke out strongly. The Commercial traders are now sitting on a toxic position. They cannot deliver gold into these short positions so they must be bought back or settled in cash. The Gold lease rate below tells a story of strong physical demand, which is unusual for this time of year. The rise in lease rates shows that there is strong physical investment demand.” “The only practical exit from these positions is to buy back, and do so in a rising market. This could cause some spectacular price rises.” Click Do you play golf? At the coffee shop downtown and full of businessmen merrily banging away at their computers. Several making plans for an afternoon of golf. One activity I always wished I could have cultivated. Seems to be the most appropriate venue for business meetings. But I suppose the time I miss not playing golf is spent reading about the gold market and all that moves the world. Life really is about more than just a round white golf ball though many would dispute this. Dave, “I think you meant "going to hell in a hand basket". A hand basket is the basket your hand was thrown into after it was cut off for stealing. Along with many others that day. Going to hell in a hand basket means going to hell piece by piece. Keep the articles coming.” Sincerely, David Lowery I continue to be amazed at those who still believe these bull markets are dead and just flatly refuse to participate. Really making money in the stock market is quite rudimentary. Look for a sector moving forward and that is strong. Look for individual companies within that sector that appear under valued and whose momentum is moving higher. But actually and in all reality making money in the stock market remains difficult for most because of two underlying principals so many folks seem unable to overcome. And that is the fear of risk. And second is the inability of most to exercise discipline by having a real selling strategy. That greed factor takes control when their shares move higher and what they own they never sell. There is the ride to the peak and then the ride back to the bottom. Overcoming fear of risk and maintaining a degree of discipline are the most important fundamentals to make money off of these phenomenal bull markets. And you must know when to hold em’ and know when to fold em’. And what do you hold and fold? Gold, silver, resources in general and of course our hottest play today – uranium! Hello David “I enjoy reading your commentary on the XXX editorial page. In an attempt to make this email "interesting" per your 2/22 editorial, I would like to ask your opinion about this brief gold and silver video analysis: “This style of commentary, while a bit breezy, seems different. Your thoughts, if any, would be appreciated. Keep up the good work.” Oliver Let’s not forget hot uranium as we watch gold climb to the moon! Sam Kirtley - “The rapidly growing economy in China is causing more that just ripples across the economic, financial and business community. It is growing at an alarming rate and shows no signs of slowing down as its GDP has been growing at 8% per year since 1978. HOWEVER THE QUESTION ARISES, HOW IS THIS RAPIDLY GROWING ECONOMY GOING TO GET THE POWER TO MAINTAIN THIS LEVEL OF GROWTH OR SIMPLY TO SUSTAIN CURRENT LEVELS?” “The Chinese government has already announced that they will be building a number of nuclear power stations but these estimates are a drop in the ocean compared to what China requires. The Chinese are savvy enough not to announce how many they actually need, as this would send uranium prices sky high.” “IN OTHER WORDS CHINA CAN RUN ON OIL FOR TWO DAYS, OR URANIUM FOR A WHOLE YEAR, AT THE SAME FUEL COST.” “…China is going nuclear, like it or not.” “As China shifts to using uranium as a fuel instead of fuel like oil, this will send the uranium price much higher.” Click Gold Letter emails brief reviews of undervalued gold, silver, uranium and other resource stocks that are under valued and poised to rise. Our top 10 best performing stocks are up over 2,300% and our top 50 best performing stocks are up almost 600% - 60 minute real time delay when the markets are open. The top 50 represent over 50% of all Gold Letter's recommendations since inception. Gold Letter is the only newsletter that tracks and publishes this kind of exact data on their recommended stocks. You won’t find this precise record keeping provided with any other newsletters. Do you notice the preponderance of worthless movies at the theaters? Well, I have discovered one worth watching. And you will enjoy this movie for its passion and history. “Amazing Grace.” This is a must see and even for the cost of admission. Take a look at the movie trailer. Click “When all was said and done, any people wanted to live at peace, pursue an ordinary and pleasant life, watch their children grow, eat plenty, be warm in winter.” Colleen McCullough, Caesar. And lets here one more plug for gold before we go! “…gold is one of the few safe havens for investors.” “Gold is often called a flight to quality instrument.” “Gold is a good hedge against inflation too and combine these two elements and you have a very strong bullish argument for gold going to $1,000. As more U.S. warships move into the Strait of Hormuz and the disaster quotient escalates with Iran, the market will become more and more nervous and may begin to look for that flight to quality -- really soon.” Click Are you making money in the gold and uranium bull? Send me your success story. I’d like to share it.
Gold Letter emails brief reviews of undervalued gold, silver, uranium and other resource stocks that are under valued and poised to rise. Our top 10 best performing stocks are up 2,140% and our top 50 best performing stocks are up 530%. The top 50 represent 52% of all Gold Letter's recommendations - 60 min. delay. Gold Letter is the only newsletter that keeps and publishes this kind of data which is updated real time every 60 minutes as the markets are open. You won’t find this precise record keeping else where. Just a reminder that one of my goals is including comments from you the reader. Hardly anyone else does this and I believe your opinions count. It is the small investor that ultimately will drive the gold market and gold price to the moon. The future will be shaped by you the small investor . Send me an email. CONTACT
INFORMATION The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. Authors of articles or special reports are sometimes compensated for their services. The opinions of FSU contributors do not necessarily reflect those of Financial Sense. |
