In 2014 Gold Stocks could go up 30 percent
Given all the money printing that is going on globally . . . and given that the total credit as a percentage of the advanced economies is now 30% higher than in Year 2007 before the crisis hit, I think Gold is good insurance.
I think Gold shares are very inexpensive. So a basket of Gold shares I think next year could easily appreciate 30 percent.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The future of gold and gold stocks have been all over the place this year. Thank you for your interesting insight, I'm curious to see what happens as we move into 2014..
ReplyDeleteToday Trend for Commodity
ReplyDeleteGOLD (5 FEB.) TREND: CONSOLIDATE
RES 1: 28600
RES 2: 28800
SUPP 1: 28250
SUPP 2: 28100
STRATEGY: SELL ON HIGH
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ReplyDeleteBUY RCOM 130 CALL ABOVE 6.00 TG- 6.50/7.20/8.00 SL- 5.30 (CMP- 5.90)
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SELL GOLD JUNE AT 26380 TGT
ReplyDelete26330, 26280, 26230 SL 26455
SELL GOLD JUNE CALL MADE LOW OF 26286,
ALMOST DID OUR SECOND TGT OF 26280
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