The Gold Rush

(9.51 GMT Friday August 24 2011)

I’m thrilled gold has gone to $1860 this morning, all my readers that bought gold have made out brilliantly.

I first recommended it at $290, then again when the Redeemers Club started (Nov 2006) at $580-640, and again at the $950—$1000 level.  I know of readers that took the advice that are now 500K – 750K up—more than covered a few seminars they had to pay for—tee hee.

It’s ok to take a few ounces of your profits and sell them as it rises but it will go higher.

Usually when a commodity goes up very fast it has to fall a bit first before it resumes the climb. So if you are waiting to buy wait for the dip, it might come back to $1650-$1700 range. But with the global panic that’s happening now it won’t fall far.

Interest rates fell to a sixty year low in New York last. This is because investors buy US treasuries bills (Governement I.O.Us) when they feel the need to flee to safety. This pushes the price of the treasuries up, so that means interest rates goes down. Low interest rates is good for gold.

Okay. Much love, from the Kingdom of Slurp-Slurp—our time has come, on the gold front anyway. (sw)

© Stuart Wilde 2011