2009 Gold Forecast

Gold prices have risen in each of the foregone seven consecutive years, the longest winning streak since 1949, according to Bloomberg. In 2008, while the Dow Jones Industrial Average was down 35%, gold bu

2009 Gold Forecast

2009 Gold Forecast

Gold prices hold risen in each of the former seven consecutive years, the longest winning streak since 1949, according to Bloomberg In 2008, while the Dow Jones Industrial Average was down 35%, gold bullion managed to work out a advantage of over four percentIn these pages of PROFIT CONFIDENTIAL, I high bullish on gold in early 2002 and I’ve been bullish on gold ever since. From the attack of 2002, gold has risen 197%, or a aseptic compounded standard of about 20% per annum As for the gold producer stocks, the assorted budgetary advisories we impart have picked several gold stocks that retain further than doubled in price.Looking ahead, we prolong to be bullish on gold bullion In fact, if it were not for the menace of deflation that became so ascendant in 2008, we assume that gold bullion would keep closed out the year at well over $1,000 US per ounce.While the bears will argue that gold bullion prices cede be infirm in 2009, because the withdrawal consign curtail consumer demand for jewelry, I see 2009 as another pennant year for gold for these reasons:— Depending on which statistics you believe, governments around the totality have committed about $7.0 trillion to bailing out the economy To cash this stimulus, governments are facing great deficits The US. itself will auction off $2.0 trillion in debt this year — The world, especially its governments, is awash in debt Currencies do not snack well unbefitting the obligate of desperate government deficits I expect a confidence crisis in several currencies in 2009, which entrust bode well for gold bullion prices— Ben Bernanke and the Federal Reserve own opened the proverbial cataract gates of liquidity Eventually, all this liquidity will result in inflation, which is gold’s blessing friendGold bullion, and in particular grade gold producing stocks, commit hold a flag year in 2009, in my opinionProfit Confidential—http://www.profitconfidentialcom/LOMBARDI PUBLISHING CORPORATIONNews, Analysis, and Information Services Since 1986.One Million Customers in 141 CountriesLombardi Publishing CorporationFinancial Publications Division350 Fifth Avenue, Suite 3304New York, NY 10118-3304—Copyright 2008; Lombardi Publishing Corporation. All rights reserved. No part of this e-newsletter may be used or reproduced in any style or means, including print, electronic, mechanical, or by any story storage and reclamation system whatsoever, without written permission from the copyright stand .

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