When the Investment Music Stops
Wednesday, August 01, 2007 - FreeMarketNews.com
Just as in most other facets off life, it pays to have a Plan "B" backup. And it makes sense to think things through and plan a bit BEFORE the proverbial "fat lady sings."Dudley Pierce Baker writes in a post on goldseek.com:"Perhaps we have not yet reached the point where the natural resource sector shares will continue higher without the benefit of and support of the general stock markets. But, we believe the day is coming very soon as the U.S. Dollar breaks down and that gold and silver will explode upward as they get the attention and respective of investors around the world. "When this game is over and the music stops there will not be chairs for all players. There will be some winners and many losers. We believe the winners will be those investors that have aligned themselves to the natural resource sector and the many different ways to invest therein. An incredible number of choices, we as investors have, mutual funds, ETF's, gold & silver bullion, mining shares and/or their long-term warrants, etc."The message here has to be one of commitment and patience, picking your investments carefully and enjoying this 'game' knowing that when the music stops we will be sitting down and richly rewarded."Jordan Roy-Byrne at trendsman.com concludes:"This current setting is very bullish. There is key long term resistance at 155-160. Going back the past 10 years we see a cup and handle pattern. Since 2006 the index has constructed the handle and now it appears that a major breakout is at hand. The target for this pattern would be 280. As far as immediate risk-reward, the current spot is one of the three best entry points since 2001. Each time the Bollinger bands have pinched in, the XAU has risen significantly over the next few months." Staff Reports - Free-Market News Network
Just as in most other facets off life, it pays to have a Plan "B" backup. And it makes sense to think things through and plan a bit BEFORE the proverbial "fat lady sings."Dudley Pierce Baker writes in a post on goldseek.com:"Perhaps we have not yet reached the point where the natural resource sector shares will continue higher without the benefit of and support of the general stock markets. But, we believe the day is coming very soon as the U.S. Dollar breaks down and that gold and silver will explode upward as they get the attention and respective of investors around the world. "When this game is over and the music stops there will not be chairs for all players. There will be some winners and many losers. We believe the winners will be those investors that have aligned themselves to the natural resource sector and the many different ways to invest therein. An incredible number of choices, we as investors have, mutual funds, ETF's, gold & silver bullion, mining shares and/or their long-term warrants, etc."The message here has to be one of commitment and patience, picking your investments carefully and enjoying this 'game' knowing that when the music stops we will be sitting down and richly rewarded."Jordan Roy-Byrne at trendsman.com concludes:"This current setting is very bullish. There is key long term resistance at 155-160. Going back the past 10 years we see a cup and handle pattern. Since 2006 the index has constructed the handle and now it appears that a major breakout is at hand. The target for this pattern would be 280. As far as immediate risk-reward, the current spot is one of the three best entry points since 2001. Each time the Bollinger bands have pinched in, the XAU has risen significantly over the next few months." Staff Reports - Free-Market News Network
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