From blanchard: Gold leaps above $1,900 for new all-time high
mrearlygold
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Gold leaps above $1,900 for new all-time high
News from the Fed this week could send bullion to $2,000
Gold broke the key psychological barrier of $1,900 today in dramatic fashion, making a blistering run in early trading only to stop a few dollars short and surrender gains as stocks found footing. Then, it was gold’s turn to resume its ascent and take out $1,900 on a powerful rebound. That once far-off notion of $2,000 gold is becoming a reality as the world seeks a safe haven from stock and currency turmoil.
Having gained more than 32% this year – and more than 25% since the end of June – gold is poised for an even more lucrative fourth quarter, when India’s festival season is in full swing and China begins buying gold for its new-year celebrations. In fact, for the past 11 years, gold on average has risen 11% between August and December.
And keep an eye on the Federal Reserve, which is meeting this week at its annual summit in Wyoming amid a backdrop of global uncertainties, including plunging consumer confidence in the U.S., slumping real-estate values, festering unemployment, and a turbulent stock market. If Ben Bernanke announces aggressive stimulus measures to boost the economy, gold prices should explode as they did when Bernanke unveiled a similar plan at the same meeting a year ago.
Don’t miss this historic bull run in gold. Call your Blanchard Account Representative today to discuss your next move.
Gold leaps above $1,900 for new all-time high
News from the Fed this week could send bullion to $2,000
Gold broke the key psychological barrier of $1,900 today in dramatic fashion, making a blistering run in early trading only to stop a few dollars short and surrender gains as stocks found footing. Then, it was gold’s turn to resume its ascent and take out $1,900 on a powerful rebound. That once far-off notion of $2,000 gold is becoming a reality as the world seeks a safe haven from stock and currency turmoil.
Having gained more than 32% this year – and more than 25% since the end of June – gold is poised for an even more lucrative fourth quarter, when India’s festival season is in full swing and China begins buying gold for its new-year celebrations. In fact, for the past 11 years, gold on average has risen 11% between August and December.
And keep an eye on the Federal Reserve, which is meeting this week at its annual summit in Wyoming amid a backdrop of global uncertainties, including plunging consumer confidence in the U.S., slumping real-estate values, festering unemployment, and a turbulent stock market. If Ben Bernanke announces aggressive stimulus measures to boost the economy, gold prices should explode as they did when Bernanke unveiled a similar plan at the same meeting a year ago.
Don’t miss this historic bull run in gold. Call your Blanchard Account Representative today to discuss your next move.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
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Comments
why are they willing to sell any of it to me now?
Liberty: Parent of Science & Industry
Kinda like Congress saving us $2,400,000,000,000.00 on the debt ceiling debacle. But the savings are only realized on their $10,000,000,000,000.00 spending spree which adds $7,600,000,000,000.00 to our national debt. The final tally being around $22,000,000,000,000.00.
$8,000 gold...seems in the cards unless anyone can figure out how to reverse course.