Gold’s Long-Term Picture

February 7, 2010 by · 1 Comment
Filed under: Gold Bullion News 

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Take a look at this long term chart of the Gold Price...

GOLD REMAINS
"real money" and wealth insurance, writes Brian Hunt for Steve Sjuggerud's Daily Wealth.

So you can't value it the way a stock buyer says, "I'll pay 10 times earnings for this company," or the way a real estate investor says, "I'll pay eight times annual rent for this house."

This "hard to value" component makes the metal fluctuate wildly within its long-term trend as investor sentiment ebbs and flows...

Don't be surprised if the next "fluctuation" is toward lower Gold Prices. The Dollar is rallying from a deeply oversold condition, which likely means lower gold.

But even if that occurs, instead of panicking over your Gold Investing, take the long term view...and look at the five-year picture.

As you can see, the Gold Price could fall all the way down to $850 and still remain in the confines of its long-term bull trend.

How best to Buy Gold today? Slash your costs but get the utmost security by using BullionVault...

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Euro $1.40, Gold 51% Higher

February 6, 2010 by · 2 Comments
Filed under: Gold Bullion News 

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Gold and the Euro joined at the hip? Not outside the daily noise they're not..."GOLD RETREATS as Dollar gains," says a headline from Dow Jones Newswire.

Which makes sense. Because when that isn't happening, "Gold adds to gains as Dollar falls versus Euro," says Reuters.

Thus the intuitive Dollar-gold pairing swings now one way or other in the financial pages...gaining here, falling there...but always joined together as the journalist's deadline is heard hurrying near. Read more

In the Good Old Days

February 5, 2010 by · 1 Comment
Filed under: Gold Bullion News 

SO I WAS standing in line at the grocery store, generously donating my Precious Mogambo Time (PMT) to everyone within earshot by telling them that they are idiots if they are not Buying Gold, silver and oil, writes the Mogambo Guru for The Daily Reckoning.

They were all telling me that I was the idiot, and so I told them, no, they were the idiots, and they responded that, no, I was the idiot, and then there was a spontaneous lopsided debate (me against all of them) about who was the most idiotic.

Yet my argument was simple: Buy Gold, silver and oil to protect yourselves against the incredible fiscal insanity of the federal government, which is proposing a budget for fiscal year 2010 costing a whopping, I-cannot-believe-my-freaking eyes, $3.8 trillion. Read more

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