Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold $800 - A New Generation

Commodities / Gold & Silver Nov 28, 2007 - 12:52 PM GMT

By: David_Vaughn


Will 800 become the ceiling or preferably the new floor?

Short term I don't know, but I am excited watching so much positive strength in this market. The crap is hitting the fan and gold is responding appropriately and properly. My personal opinion is that 800 may just become a floor price for gold. But who am I to know?

We continue to enter both a new generation and a new direction. The decade coming upon us we shall see the harvest of the subprime mess. This decade is quickly coming to an end and so many events are being lined up as the new conflicts for the coming decade. Fall rambles along with winter just around the corner. But the economic and financial crises we are witnessing will take no notice of the seasons and will continue down their appointed path.

Well, the holidays are definitely among us now. A lot of people building family memories while others are living the horror of watching their home foreclosed. I don't believe fault can be cast on the subprime borrowers. The entire housing market has been abused and taken advantage of these past five years. We all have grown used to property values rising. We all have grown used to watching our equity easily grow year after year.

I continue to be amazed at those who do not understand the nature of gold stocks. These are speculations and there is no guarantee any company will rise in value and do well. Instead, this is a game of averages and placing your bets on a stable of different companies – at least six. And after a year or two consider your average gains as compared to losses. Don't just buy one stock and fall in love with it and never buy another. In the beginning of this article we talked about a new generation? Read the following below,

“Momentous events were bearing down on America in 1929 and 1941, unforeseen except by a prescient few…” Newsweek, 11-19-7

There are defiantly momentous earth shaking events occurring even now as we speak. I believe the Euro is up past 1.48. Now that is something I did not expect to see in my generation. Oil is topping out at a hundred a barrel. Again a momentous change in the price of oil. And an estimated 5% of home owners due to lose their home via foreclosures within the next two years or so? I feel like I am living in 1931 except for the fact that the greater crises are yet to come.

“Hi David, First off - a happy Thanksgiving to you and your family.” “…wonder if someone's run out of gold, or doesn't want to risk further short positions in gold in case it rises sharply in the next few months. No matter - gold will go higher. Patience is a virtue. Besides, it's up almost 30%, again, on the year. Not many investments perform like that year, after year. I'll take it and be happy - and look forward to next year. And we don't want to attract TOO much attention to gold, yet, right? Best regards, George L.”

The following below is a commentator worth listening to.

Ron Struthers – “I really don't focus too much on prices and timeframe, just the trend.” “…the Fed is scared to death of a debt implosion that could result if we got a good recession. So they will continue to lower interest rates to inflate the money supply to no end to avoid this.” Kitco .com, 11-22-2007

I liked especially what Ron said about watching the “trend.” Remember what I said about the gold price recently. Expect 2 steps forward and 1 step back. If you can understand and accept this principal you will not be so upset to witness gold's volatility. Anyway, the important consideration to remember is the fact we are entering a new generation with this coming new decade. And many of these crises we are observing right now are not expected to reach their climax until well into this new decade; Gold stocks continue to be an excellent investment in a rising gold price environment.

When gold was flirting with 250 an ounce ten years ago the press could not provide enough coverage about gold. All negative of course. I remember entire page spreads on USA Today that were simply beautiful. Wonderfully delicious pictures of gold and the product that was so worthless that many folk saw a day when all the gold in the world would be thrown into the sea. Well, gold has turned in the other direction and now reaching for 1,000. But do you see any significant coverage on a rising gold price? No. Unless it is simply to say that what is happening is a temporary rally that won't last long. Well, I have news for these folks. Gold has entered a new generation and a new era and the price still has far to go.

“The lesson is that we just can't stop ourselves from making history.” Newsweek, 11-19-7

And what is the lesson to be learned about gold today?

“The fact is that Canadian mining stocks are still remarkably cheap.” Financial Post, 11-07

We are living in the last days of cheap resources and commodities. Recognizing these facts Gold Letter, Inc. reviews undervalued gold, silver, uranium and other resource stocks under valued and poised to rise in this time of increased demand for resources. Gold will only escalate in value. Gold Letter's 10 best performing stocks are up over 1,700% and GL's top 55 performing stocks are up over 300%. Close to 90% of all Gold Letter's recommendations since inception in January, 2003 are up over 150%. GL charts are computer generated and updated every hour while markets are open.

Click here to order Gold Letter

“The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable.”  

Email me if you have the time.

By David Vaughn
Gold Letter, Inc.

© Copyright 2007, Gold Letter Inc.

“The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable.”  

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. © Copyright 2007, Gold Letter Inc.

David Vaughn Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in