Taking Out the Crystal Ball: 2011 Gold Bullion Forecast


The closing of this year entrust make the ninth consecutive December 31 when the emolument of gold bullion was higher than the previous December 31. Gold has risen from approximately $300.00 in 2002 to $1,380 per ounce todaya gain of 360%

Taking Out the Crystal Ball: 2011 Gold Bullion Forecast

Taking Out the Crystal Ball: 2011 Gold Bullion Forecast

At this mark of the gold bull market, we are at what I christen phase two Phase one is when the uncommonly smart budgetary starts accumulating an asset because it is so depressed that no one wants it For gold bullion, this can be classified as the spell between 2001 and 2009, a interval that adage gold slope from $275.00 to $1,000 per ounce.

So, today, we are in phase two of the gold bull doorstep At this junction, serious investors assault to carry dispatch about the gradient in remuneration of the commodity Many investors are concerned about the future of the US. dollar given the debt that backs it; others obtain given-up on the euro If I were to ask 100 investors today, I would guess only five percent to 10% would own gold investments in their portfolio

What I particularly like about this phase two of the current bull market in gold is that we obtain so many reporters, analysts and advisors adage its a bubble already! These family do not credit the strength of a bull doorstep in any asset once it startsbull markets closing in elation and speculation We are far from that in gold.

Two years ago, we couldnt give away subscriptions to our gold livestock newsletter Today, it is selling well, but not flying off the frame as they chat Hence, I see people starting to decree whats adventure with gold bullion and I see investors interested in acceptance their feet humid with the metal

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If you were to ask me for an educated guess as to when phase three of the bull peddle in gold would start, I would own to gibber when gold hits $2,000 an ounce Now heres the celebrated part: phase three of a bull vend can go until the asset below matter goes up 50% from when phase three started

What Im proverb is that, if phase three of the gold bull sell starts when gold hits $2,000 an ounce, which is dormant some stretch away, the metal can incline another 50% to $3,000 from there, unbiased based on speculators and the beginner public recipience into the metal.

If youve ever played baccarat at the casinos, you recognize the prime command is to not venture inveigh the trend Who am I to bet castigate a nine-year winning streak? Gold prices entrust second 2011 higher than they final 2010, thats my bet. And that makes grade gold stocks idle very beguiling for investors

Michaels Personal Notes:

I know this is rather off-the-wall, but I dearth to slice it with my thought-provocativePROFIT CONFIDENTIALreaders The next is from my colleague and co-editor Robert Appel:

Early in 2011, no second than May, we expect a globe economic crisis selfsame to 2008, most likely involving currency pegs and the pricing of clue commodities

Many cede remit to it, with hindsight, as a entire gale in that different aspects of the crisis bequeath co-mingle seemingly unrelated challenges involving nascent social unrest in many countries in sensation to the expanding creed of powerlessness and disenfranchisement among the middle class.

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Inflation and deflation consign co-exist, which entrust be unsettling to consumers and academics both Interest rates entrust creep up, delayed and steady, but nonetheless unstoppable There will be many unsettling incidents of international brinkmanship, especially between elderly enemies, but no major war that spans borders

Two of the biggest work surprises entrust be a well-coordinated attempt by the Western governments to control/choke Internet traffic and the revelation that Hollywoods juicy afafir model, essentially unchanged for over a century, is no longer working, and a new one is desperately needed. Yet another obsolete film ruler leave run for office Headlines cede be made when scientists divulge how ordinary cancer has become.

Gold leave touch $2,200 an ounce during the worst of the crisis, but confidential the year impartial below $2,000 The broad doorstep in December 2011 bequeath be where it was, approximately, in December 2010

Where the Market Stands; Where its Headed:

Not much of day for the markets yesterday, impartial other of the same: The Dow Jones Industrial Average trades around a lofty not observed in 22 months, U.S oath yields rose again, with the 10-year US. Treasury now renunciation over 3.5% Gold eased off, but not enough for me to spring in and buy more

The manage doorstep in stocks that started in March 9, 2009, continues. Im getting increasingly concerned about rising long-term advantage rates and their influence on the cows market for 2011, but in the immediate term, I surmise this prepare has other leg left.

What He Said:

Ive been pushing gold bullion and gold shares for over a year now Bank in January 2002, I personally started buying gold shares. Michael Lombardi inPROFIT CONFIDENTIAL, December 13, 2002. Gold bullion was trading beneath $30000 an ounce when Michael prime started recommending gold-related investments. Many gold stocks recommended in Michaels advisories gained in excess of 100%.

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