TSXV:AAA.P - Post by User
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danger_ton Aug 23, 2011 9:43pm
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Post# 18973241
contradicting
contradictingGold Eyes $2,000 /oz – Is it a Bubble Ready to Burst?
-- Posted Tuesday, 23 August 2011 | | Source: m
By Gary Dorsch, Editor, Global Money Trends newsletter
Eventhemostavid gold bugs, who’ve been stockpiling vast quantities ofthebarbaricmetal for decades, and endured their fair share ofpanicshakeouts, wereprobably in a surreal state of “shock and awe,”whilewatching the priceof the yellow metal soar to within 1% ofthepsychological $2,000 /ozlevel this week. It’s as if somebodylaunched arocket on the Fourth ofJuly. Since then, the price of goldhas soared$400 /oz, zooming higher ina parabolic pattern. After all thebullishchatter on the blogosphereover the past decade, Gold, - theso-calledbarbaric metal, has triumphedover the stock peddlers on WallStreet.
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Value Propositions in Turbulent Times
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-- Posted Tuesday, 23 August 2011 | | Source:
It'sagoodtime to stock up on gold stocks, according to CharlesOliver,seniorportfolio manager with Sprott Asset Management, who sees anumberof theequities trading at their lowest prices of the decade. Ashetells readersin this exclusive Gold Report interview, "Goldhasgone up 20%.The stocks have gone down. They are very cheap.Thesecompanies areincreasing their earnings, they're increasing theircashflow, they'reincreasing their dividends—what a great opportunity."
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