Posted 1 year, 1 month ago at 6:24 am. 0 comments
Forex trading has become extremely popular in recent years. Many newcomers to the stock market enjoy Forex trading because it’s a simple way to earn profits without monitoring hundreds of company stocks. Forex trading (a.k.a. currency trading) is easy to learn, less risky for short-term profits, and can be very lucrative for those who invest wisely. Fortunately, there’s online Forex trading to make things even easier. Outlined below are five profitable reasons to take advantage of currency trading online.
1. A Liquid Market
Online Forex trading offers you a liquid market in which you are in control at all times. Though no profits are guaranteed, you can buy or sell at will with the simple click of the mouse. This prevents getting stuck with a particular trade. You can set the online Forex trading platform to close at a pre-determined profit level automatically, or even to close a trade if the odds are going against you.
2. Forex Margin Leverage
You can leverage your money with Forex trading through a margin account deposit. Your deposit might be small when compared to many stock investments, but you can still enjoy amazing profits through leverage. Unlike the stock market, some Forex brokers will offer as much as a 200:1 leverage. This means you can invest $1,000 of your own money to create a margin of $200,000! Margin calls are used by brokers to keep risks to a minimum for you and the broker.
3. Profits for Rising or Falling Currencies
With currency trading online, you can earn profits in both a rising and falling currency market. When currency pairs are up or down, you can still make big profits depending on the position you take. The “long” position means you are buying the pair at one price and selling it at a higher price later. The “short” position means you are selling the currency pair and buying it back at a lower price. The key to success in Forex trading online is to make the right picks either way.
4. Around-the-Clock Trading
One thing you’ll love about the Forex market is it never sleeps during its open times. You can trade in Forex 24/7, from Sunday evening to Friday afternoon. This enables you to trade at night (2nd or 3rd shift) and still work a full-time job during the day. You can also trade on a part-time basis, and you’re always in control of when you trade!
5. Plenty of Forex Training for Beginners
Another great thing about online Forex trading is you can learn from experienced Forex traders and brokers through online demos, newsletters, e-books, and numerous online resources. These trading tools are available free or at very low cost and can help you learn all you need to know to get started. As a beginner, you can take advantage of free currency trading demo accounts to practice trading before actually making a trade. These are absolutely risk-free because you’re not trading with real money yet.
Online Forex trading offers these benefits and many others. With so many useful Forex resources online, you can start trading with a very small investment and quickly work your way up to tremendous profits!
Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web.
Learn more about 5 Forex Trading Benefits.
Posted 1 year, 3 months ago at 5:32 am. 0 comments
What is the importance of a Forex education? While Forex may not mean much to the average consumer, in actuality everything we know in American commerce is affected by Forex, the foreign exchange market. Every time the American dollar reduces in value or inflates, it’s because of the world scene of financing. Only someone who follows the goings-on of the foreign exchange market could understand why all avenues relate to each other and are affected.
Some have carefully studied the foreign exchange market over the years and have planned their investments according to predicted changes. The shrewdest of investors have profited immensely, as they were able to learn the market, see disaster coming and knew exactly what to do in order to minimize their losses. Of course, learning all of these financial aspects would involve a solid Forex education.
If you are in business, whether doing business online or if your company is expanding to overseas locations, then the foreign exchange market will be of paramount concern to you. Forex doesn’t merely involve foreign currency but also trade, politics and worldwide economics. (Namely, how one entity affects another on a global scale.) Have you ever desired to learn more about Forex finance and trading but weren’t sure how to get started?
Even if you are not a trained economist, you can still learn how Forex operates through many affordable online resources. A Forex education is available online from such companies as the Forex Club Academy. The Forex Club Academy offers an easy-to-follow text course that explains the fundamentals of Forex trading through e-books, video aids and other visual methods of teaching. This makes the course easy to understand regardless of your educational background. For more information on what the academy can offer you visit the Colt FX website.
Colt FX is an exceptional resource for anyone interested in gaining a forex education. Newcomers can find valuable aids in forex education about this market. You can start yours today and begin making considerable earning by visiting http://www.coltfx.com/.
Posted 1 year, 3 months ago at 9:42 am. 0 comments
Newcomers to trading the foreign exchange currency markets do well to accept the observation of experienced seasoned traders that the idea of a perfect Forex trading tool is an illusion.
While no perfect Forex trading tool exists, using a combination of tools to identify a converging of favorable market factors can yield a majority of high probability trades over a period of time.
Trendlines certainly deserve close consideration and many successful traders add them to their collection of Forex trading tools.
It should be stated at the outset that trendlines by themselves do not provide a strong enough signal to warrant making a trade. They are a useful addition and provide confirmation of signals from other tools. (See resource box for a visual example of using a trendline as a trade entry point)
The Three Trendline Strategy
Consider these three main types of trendlines you need to know and use if you are going to make any sense of trendlines.
Trendlines are lines drawn across significant lows in an uptrend, and significant highs in a downtrend. The more candles to the left and right of the lowest candle in an uptrend or the highest candle in a downtrend make the low or high point more significant.
1. Short Term Trendlines
Draw these lines across the most recent two lows (for an uptrend) or highs (for a downtrend). These are best observed on a smaller time frame such as a 15 minute or 30 minute chart.
2. Medium Term Trendlines
These are best observed on a higher time frame such as a 60 minute chart. Again connect the nearest significant low to current price action to the previous significant low in an uptrend or the nearest significant high to current price action to the previous significant high in a downtrend.
3. Long Term Trendlines
Use higher time frames such as the 4 hour chart or the daily chart to draw long term trendlines using the same method described for Medium Term Trendlines.
The long term trendline can be a powerful Forex trading tool. Keep in mind that the daily chart is used prominently by traders of big institutions. Such traders probably do not engage in small moves on an intra day level. They are more concerned about taking a position on a currency pair.
The daily chart is consulted by them when making decisions. So by drawing a trendline on a daily chart you can present to yourself graphically just where price is and where it is likely to either possibly bounce and retrace or continue with the current momentum.
Using Trendlines As An Effective Forex Trading Tool
Trendlines on the short time frame merely give you a defined picture of current price action. These trendlines are broken often during the course of a day. It is probably not a good idea to enter trades based on trendline breaks from a small time frame chart. Their main use is to give you a clear, instantly recognizable graphical representation of current price behavior.
However, here is where trendlines can prove to be a useful Forex trading tool:
If you notice price coming back to test a trendline on the higher time frames, (anything over 30 minutes), look at other factors. For example:
- Draw in horizontal lines to mark key support and resistance using previous highs and lows.
- Draw Fibonacci retracement and extension levels.
- Calculate the daily pivot points and put them on your chart.
- Have the 200 EMA (Exponential Moving Average) shown on your charts.
Now, if price were to bounce or touch the trendline on the medium to higher time frames, that is, on the 60 minute, 4 hour, or even daily charts, does that price point also coincide with or match up with one of the other indicators mentioned above?
If for example the trendline intersects with a pivot point which is also a Fibonacci 50% or 62% retracement, or 127% or 162% extension, then you have a convergence of factors. If you entered a trade at that point there is a high probability you will catch at least 10 to 20 pips on the first move on the bounce.
Looking for such opportunities takes patience. They don’t come up so often but when they do you can be ALMOST guaranteed a successful trade if you keep your first profit target to a reasonable level.
If trading multiple lots, then be sure to take your first profit at the 10 to 20 pip level and let one or two other lots run if price continues in the direction you anticipate. At the same time of course you would move up your stop to break even point after taking first profit so your trade can now run without risk.
Employ trendlines as a Forex trading tool with caution and discretion. Covering your charts with every trendline possible will only result in confusion and blurry analysis.
One or two trendlines at key or significant swing points, (price highs and lows) can give you a defined, clear picture of price action, which, when coupled with your other Forex trading tools, can result in profitable trades.
See how to use trendlines to get an optimum trade entry point:
http://www.vitalstop.com/Forex/trendline.html
How do you trade the non-farm payroll report? Read this:
http://www.vitalstop.com/Forex/Advisor/forex-strategy-non-farm-payroll.htm
For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator click here:
http://www.vitalstop.com/Forex/tools.html
Posted 1 year, 4 months ago at 1:26 pm. 0 comments
With the advent of online trading, the Forex markets are no more off limits to retail traders. In the past, Forex was the domain of prominent financial institutions, banks, and multinational corporations. However, the Foreign Exchange trading scene has been transformed from being what it was in the past and individual investors are jumping on to the Forex market with enthusiasm and anticipation. Even first time investors are looking to gain profits through currency trading; indeed, this has begun to interest more and more newcomers to the market.
To clear the currency trading basic concepts, let us first begin with what this unique market means to investors. Currency trading is not the same as stocks, futures or bond options in that this does not take place on a fixed exchange, and it is not monitored by a central governing head, nor are there any clearing houses to guarantee trades. The trading is made by members relying on credit arrangements with each other. In a day, over USD 3 trillion worth of transactions are made, which only goes to show how extensive the Forex markets are.
All currencies are given an International Standards Organization (ISO) code, which are used to express currency pairing. The ISO code for Euro is EUR, US dollars is USD, Japan Yen is JPY, and so on. Of course each currency has to be paired to another during trade, because essentially currencies are traded in pairs. These pairs form the ‘ask’/ ‘bid’ price. You either buy a currency with the other currency in the pair, or sell the same in the other currency’s units. In this connection, exchange rate is an important concept.
An exchange rate is the ratio of one currency against the value of another. The first currency is called the base currency, and the second is called the counter or quote currency. When buying, the exchange rate determines how much you should pay in the counter currency to buy one unit of the base currency. When selling, the exchange rate tells you how much you will receive in the counter currency units when you sell a single unit of the base currency. To take an example, let us look at the trading pair of EUR/USD, with the Forex quote of 1.2435/1.2440. To trade, you can either buy 1 Euro Dollar with 1.2440 US Dollars or sell 1 Euro at 1.2435. The difference in the two currencies is called the spread. To make money you need to sell at a higher price than the one you’ve bought in.
Currency trading is one of the biggest money making opportunity in the world. It is one of the most popular ways to make money from home.
To read about a software which can give you a clear trading strategy go to this website: Forex Killer Reviews
To read more about how to make money on autopilot with currency trading, click here: Forex Autopilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond’s review of the 2 best ones, click here: Automatic Forex Trading Software.
Posted 1 year, 6 months ago at 8:12 pm. 0 comments
With the advent of online trading, the Forex markets are no more off limits to retail traders. In the past, Forex was the domain of prominent financial institutions, banks, and multinational corporations. However, the Foreign Exchange trading scene has been transformed from being what it was in the past and individual investors are jumping on to the Forex market with enthusiasm and anticipation. Even first time investors are looking to gain profits through currency trading; indeed, this has begun to interest more and more newcomers to the market.
To clear the currency trading basic concepts, let us first begin with what this unique market means to investors. Currency trading is not the same as stocks, futures or bond options in that this does not take place on a fixed exchange, and it is not monitored by a central governing head, nor are there any clearing houses to guarantee trades. The trading is made by members relying on credit arrangements with each other. In a day, over USD 3 trillion worth of transactions are made, which only goes to show how extensive the Forex markets are.
All currencies are given an International Standards Organization (ISO) code, which are used to express currency pairing. The ISO code for Euro is EUR, US dollars is USD, Japan Yen is JPY, and so on. Of course each currency has to be paired to another during trade, because essentially currencies are traded in pairs. These pairs form the ‘ask’/ ‘bid’ price. You either buy a currency with the other currency in the pair, or sell the same in the other currency’s units. In this connection, exchange rate is an important concept.
An exchange rate is the ratio of one currency against the value of another. The first currency is called the base currency, and the second is called the counter or quote currency. When buying, the exchange rate determines how much you should pay in the counter currency to buy one unit of the base currency. When selling, the exchange rate tells you how much you will receive in the counter currency units when you sell a single unit of the base currency. To take an example, let us look at the trading pair of EUR/USD, with the Forex quote of 1.2435/1.2440. To trade, you can either buy 1 Euro Dollar with 1.2440 US Dollars or sell 1 Euro at 1.2435. The difference in the two currencies is called the spread. To make money you need to sell at a higher price than the one you’ve bought in.
Currency trading is one of the biggest money making opportunity in the world. It is one of the most popular ways to make money from home.
To read about a software which can give you a clear trading strategy go to this website: Forex Killer Reviews
To read more about how to make money on autopilot with currency trading, click here: Forex Autopilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond’s review of the 2 best ones, click here: Automatic Forex Trading Software.
Posted 1 year, 9 months ago at 11:15 am. 0 comments
The $1,000 gold fan club? Absolutely. And, as far as fan clubs go, this one’s membership is swelling daily. There’s no question that the number of financial analysts who see gold topping the $1,000 mark have suddenly become as common as Tom Brady touchdown passes. But whether these folks are newcomers to the gold bandwagon or have been riding confidently along for years, it’s remarkable just how many analysts now see nothing but good for gold.
Here, for example, is what a few $1,000 gold prognosticators have to say…
• The Falling Dow/Gold Ratio. The Dow/Gold Ratio - the number of gold ounces it takes to buy one share of the Dow Jones Index - has fallen from 42 in 2000 to nearly 19 in 2007. “What is interesting,” said analyst Dr. Marc Farber, “is that despite the stock market’s rebound since October 2002, the Dow/Gold Ratio has continued to decline. Simply put for the holder of gold - the world’s only honest currency, since it cannot be printed by some dishonest central banker - the Dow, although it increased in value in dollar terms, has continued to decline in gold terms with the result that, today, it ‘only’ takes 20 ounces of gold to buy one Dow Jones Industrial Average.
“Simply put, since 2000, gold has risen at a much faster clip than the Dow Jones and I would expect this out-performance to continue for the next few years until ‘gold currency’ holders will be able to buy one Dow Jones with just one ounce of gold.
“Now, you may think that I have become insane (but) I am convinced that the US Fed’s monetary policies will lead to exponentially widening wealth inequity and impoverish the majority of US households, which will then lead to social strife, protectionism, war, and the breakdown of the capitalistic system.
“However, if one considers that in 1932 and in 1980 one could indeed buy one Dow Jones Industrial Average with just one ounce of gold, then maybe my views are rather conservative. Possibly one will be able to buy, sometime in future, one Dow Jones with just half an ounce of gold!”
With that in mind, Farber believes we could be in store for a lot more than just $1,000 gold.
• In 1980 Dollars, Gold is Just Half-Price. John Hathaway, managing director of Tocqueville Asset Management, believes $1,000 gold isn’t far off. “I don’t think it will take much. Let’s not forget, in 1980 dollars, gold is less than half of its nominal price today.
“The disparity between the amount of paper that has been created since 1980 and the amount of gold that has been produced since then is just enormous. The ratio of financial assets to physical gold is at the low end of a historical range. If you were to mark all the gold to market that has ever been mined, which is a very conservative approach, and then take the valuation of all the global stock markets and all the global bond markets, gold represents about 3%, compared with a figure in the mid-20% range in 1980, which was the top of the bull market in gold and the beginning of the bull market in financial assets.
“Gold is a good value, certainly, at these prices, just based on the considerations we’ve discussed. Even if you don’t think worst-case outcomes are in the cards, gold is still rare and hard to find, and believe me, these companies are having the toughest times trying to maintain production, much less build it.”
• Central Banks Abandon Control of Gold. Two Citigroup metals analysts wrote that central banks faced a choice between a global recession and their continuing “control” of gold.
They chose to focus on staving off global recession.
“We believe that the policy resolution to the credit crunch will take the form of a massive, extended ‘reflationary rescue’ in a new cycle of global credit creation and competitive currency devaluation which could take gold to $1,000/oz or higher.”
• Slashing Interest Rates Will Only Add Fuel to the Fire. Analyst John Ing believes $1,000 gold is just on the horizon. His reasoning? Bankers are out of bullets when it comes to settling U.S. debt battles.
“Ironically, while there is a crisis of confidence in the credit markets, the world is awash in liquidity due to the gargantuan current account surpluses of China and other Asian countries as well as the Middle-East,” Ing wrote. “The problem however, is not the supply of surpluses, but the imbalance between the short term and long term obligations of the world’s biggest debtor and the United States.”
“As long as there is a lack of confidence in the short term, central banks are faced with the dilemma as to how to supply liquidity. Today, central banks continue to boost money supply but the monetary aggregates were already growing at double-digit levels and they had little room to maneuver. What is likely then is a dramatic reduction in interest rates, which will serve as a short term palliative. But this will not correct the imbalances. Central banks have tried to stabilize the global financial system by pumping large amounts of liquidity into the markets. To date, they have only addressed the symptoms of the underlying crisis. The situation will become even worse.”
• “Gold Is the Purist Play Against the Dollar.” When the former head of technical research at Citigroup predicts gold is heading not to $1,000, but to $3,000, it makes great sense to pay attention.
“Gold is the purest play against the dollar,” Louise Yamada, managing director of Yamada Technical Research Advisors said. She predicted gold would surpass $730 on its way to $3,000 inside of a decade.
• “Still Cheap Relative to Oil or Base Metals.” Australia’s Fat Prophets newsletter is another prominent member of the $1,000 gold fan club.
“We think the price could reach $850 an ounce by the end of the year, based on issues in the US housing market,” senior equities analyst Greg Canavan says. “US housing was an accident waiting to happen. We have also been forecasting an eventual price of $1000, and we would expect that in the first half of 2008.
“In the US, we expect further interest rate cuts. In Europe, the euro is getting stronger, with implications for exports. It could lead to a slowdown there,” he went on to say. “Also in Europe, the Bank of England had said it would not be bailing out lenders. But now it has been told that it must do so. So investors are seeing that gold is a fundamental store of wealth.”
Canavan added, “You should have 10 per cent of your portfolio in bullion or gold stocks. Also, it is considerably undervalued right now so it is more than just insurance. Despite being at more than 20-year highs it is still cheap relative to oil or base metals.”
• World Currencies “Becoming Increasingly Doubted.” James Turk in his Freemarket Gold & Money Report believes $1,500 gold is possible.
“A blow-off leg in gold is looking increasingly likely once it clears $1,000. Think about this a moment. The US dollar is now trading at record lows, with no bottom in sight. Commodity prices are soaring, with wheat at over $9 per bushel and crude oil looking increasingly well supported over $80 per barrel. Gold is rising against all the world’s currencies, indicating that fiat national currencies backed by nothing but promises from over-indebted governments are becoming increasingly doubted. Britain just experienced the world’s biggest bank run since the 1930s. … We should be mentally prepared for the possibility that gold exceeds $1,000 within the next few months, and then just keeps climbing to a blow-off high.
“How high? A doubling of the gold price has happened before in blow-offs like the one I am describing, so $1,500 or more is not out of the question.”
So…where are you with your investments? Are you overly reliant on those worrisome “paper” investments at a time when more and more people want to hold something of authentic value in their hands? If that’s the case - and even if you’ve never joined a fan club your entire life - today may be the perfect time to become a member of the $1,000 gold fan club.
You’ve seen him on Fox News Television and heard him on the Rush Limbaugh Show. He’s a published author, writer and an expert guest on more than 1000 radio programs discussing today’s economy and gold.
Kevin DeMeritt, President of Lear Financial, is a nationally renowned analyst whose insight into the future of domestic and global economies is unmatched.
His book, The Bulls The Bears and the Bust, reviewed by the Associated Press, predicted the market crash of 2001 and the ensuing rise of gold to the status of best investment.
At the helm of Lear Financial, Kevin DeMeritt has made Lear one of the most highly endorsed gold companies in the country. Relying on his insightful recommendations, uncanny market and trading skills and 20 years of experience in investment quality gold, Kevin has navigated thousands of portfolios to profitability through boom and bust times.
And, now more than ever, his insights are welcome by nervous investors.
Posted 2 years, 6 months ago at 9:26 am. 0 comments
The $1,000 gold fan club? Absolutely. And, as far as fan clubs go, this one’s membership is swelling daily. There’s no question that the number of financial analysts who see gold topping the $1,000 mark have suddenly become as common as Tom Brady touchdown passes. But whether these folks are newcomers to the gold bandwagon or have been riding confidently along for years, it’s remarkable just how many analysts now see nothing but good for gold.
Here, for example, is what a few $1,000 gold prognosticators have to say…
• The Falling Dow/Gold Ratio. The Dow/Gold Ratio - the number of gold ounces it takes to buy one share of the Dow Jones Index - has fallen from 42 in 2000 to nearly 19 in 2007. “What is interesting,” said analyst Dr. Marc Farber, “is that despite the stock market’s rebound since October 2002, the Dow/Gold Ratio has continued to decline. Simply put for the holder of gold - the world’s only honest currency, since it cannot be printed by some dishonest central banker - the Dow, although it increased in value in dollar terms, has continued to decline in gold terms with the result that, today, it ‘only’ takes 20 ounces of gold to buy one Dow Jones Industrial Average.
“Simply put, since 2000, gold has risen at a much faster clip than the Dow Jones and I would expect this out-performance to continue for the next few years until ‘gold currency’ holders will be able to buy one Dow Jones with just one ounce of gold.
“Now, you may think that I have become insane (but) I am convinced that the US Fed’s monetary policies will lead to exponentially widening wealth inequity and impoverish the majority of US households, which will then lead to social strife, protectionism, war, and the breakdown of the capitalistic system.
“However, if one considers that in 1932 and in 1980 one could indeed buy one Dow Jones Industrial Average with just one ounce of gold, then maybe my views are rather conservative. Possibly one will be able to buy, sometime in future, one Dow Jones with just half an ounce of gold!”
With that in mind, Farber believes we could be in store for a lot more than just $1,000 gold.
• In 1980 Dollars, Gold is Just Half-Price. John Hathaway, managing director of Tocqueville Asset Management, believes $1,000 gold isn’t far off. “I don’t think it will take much. Let’s not forget, in 1980 dollars, gold is less than half of its nominal price today.
“The disparity between the amount of paper that has been created since 1980 and the amount of gold that has been produced since then is just enormous. The ratio of financial assets to physical gold is at the low end of a historical range. If you were to mark all the gold to market that has ever been mined, which is a very conservative approach, and then take the valuation of all the global stock markets and all the global bond markets, gold represents about 3%, compared with a figure in the mid-20% range in 1980, which was the top of the bull market in gold and the beginning of the bull market in financial assets.
“Gold is a good value, certainly, at these prices, just based on the considerations we’ve discussed. Even if you don’t think worst-case outcomes are in the cards, gold is still rare and hard to find, and believe me, these companies are having the toughest times trying to maintain production, much less build it.”
• Central Banks Abandon Control of Gold. Two Citigroup metals analysts wrote that central banks faced a choice between a global recession and their continuing “control” of gold.
They chose to focus on staving off global recession.
“We believe that the policy resolution to the credit crunch will take the form of a massive, extended ‘reflationary rescue’ in a new cycle of global credit creation and competitive currency devaluation which could take gold to $1,000/oz or higher.”
• Slashing Interest Rates Will Only Add Fuel to the Fire. Analyst John Ing believes $1,000 gold is just on the horizon. His reasoning? Bankers are out of bullets when it comes to settling U.S. debt battles.
“Ironically, while there is a crisis of confidence in the credit markets, the world is awash in liquidity due to the gargantuan current account surpluses of China and other Asian countries as well as the Middle-East,” Ing wrote. “The problem however, is not the supply of surpluses, but the imbalance between the short term and long term obligations of the world’s biggest debtor and the United States.”
“As long as there is a lack of confidence in the short term, central banks are faced with the dilemma as to how to supply liquidity. Today, central banks continue to boost money supply but the monetary aggregates were already growing at double-digit levels and they had little room to maneuver. What is likely then is a dramatic reduction in interest rates, which will serve as a short term palliative. But this will not correct the imbalances. Central banks have tried to stabilize the global financial system by pumping large amounts of liquidity into the markets. To date, they have only addressed the symptoms of the underlying crisis. The situation will become even worse.”
• “Gold Is the Purist Play Against the Dollar.” When the former head of technical research at Citigroup predicts gold is heading not to $1,000, but to $3,000, it makes great sense to pay attention.
“Gold is the purest play against the dollar,” Louise Yamada, managing director of Yamada Technical Research Advisors said. She predicted gold would surpass $730 on its way to $3,000 inside of a decade.
• “Still Cheap Relative to Oil or Base Metals.” Australia’s Fat Prophets newsletter is another prominent member of the $1,000 gold fan club.
“We think the price could reach $850 an ounce by the end of the year, based on issues in the US housing market,” senior equities analyst Greg Canavan says. “US housing was an accident waiting to happen. We have also been forecasting an eventual price of $1000, and we would expect that in the first half of 2008.
“In the US, we expect further interest rate cuts. In Europe, the euro is getting stronger, with implications for exports. It could lead to a slowdown there,” he went on to say. “Also in Europe, the Bank of England had said it would not be bailing out lenders. But now it has been told that it must do so. So investors are seeing that gold is a fundamental store of wealth.”
Canavan added, “You should have 10 per cent of your portfolio in bullion or gold stocks. Also, it is considerably undervalued right now so it is more than just insurance. Despite being at more than 20-year highs it is still cheap relative to oil or base metals.”
• World Currencies “Becoming Increasingly Doubted.” James Turk in his Freemarket Gold & Money Report believes $1,500 gold is possible.
“A blow-off leg in gold is looking increasingly likely once it clears $1,000. Think about this a moment. The US dollar is now trading at record lows, with no bottom in sight. Commodity prices are soaring, with wheat at over $9 per bushel and crude oil looking increasingly well supported over $80 per barrel. Gold is rising against all the world’s currencies, indicating that fiat national currencies backed by nothing but promises from over-indebted governments are becoming increasingly doubted. Britain just experienced the world’s biggest bank run since the 1930s. … We should be mentally prepared for the possibility that gold exceeds $1,000 within the next few months, and then just keeps climbing to a blow-off high.
“How high? A doubling of the gold price has happened before in blow-offs like the one I am describing, so $1,500 or more is not out of the question.”
So…where are you with your investments? Are you overly reliant on those worrisome “paper” investments at a time when more and more people want to hold something of authentic value in their hands? If that’s the case - and even if you’ve never joined a fan club your entire life - today may be the perfect time to become a member of the $1,000 gold fan club.
You’ve seen him on Fox News Television and heard him on the Rush Limbaugh Show. He’s a published author, writer and an expert guest on more than 1000 radio programs discussing today’s economy and gold.
Kevin DeMeritt, President of Lear Financial, is a nationally renowned analyst whose insight into the future of domestic and global economies is unmatched.
His book, The Bulls The Bears and the Bust, reviewed by the Associated Press, predicted the market crash of 2001 and the ensuing rise of gold to the status of best investment.
At the helm of Lear Financial, Kevin DeMeritt has made Lear one of the most highly endorsed gold companies in the country. Relying on his insightful recommendations, uncanny market and trading skills and 20 years of experience in investment quality gold, Kevin has navigated thousands of portfolios to profitability through boom and bust times.
And, now more than ever, his insights are welcome by nervous investors.