M
Ms.Wetback
Guest
COMEX Traders Predict $1,600 Gold... by December: If gold trades at or above $1,600 by December, some 100,000 call option contracts will be "in the money." Big-money players Goldman Sachs and JPMorgan are reportedly helping to drive the action, ahead of a huge purchase of gold futures contracts.
"Big Money" Inflows: In 2008, NYC-based hedge fund Paulson & Co's flagship fund returned 37%, as the world markets burned. Paulson's bullish on gold, big time, including the Mar. 17 purchase of 39.9 million shares of AngloGold, worth $1.28 billion. Other major hedge funds are piling into gold, too, including Eton Park Capital, Green light Capital and Hayman Advisors.
China's Doubling Down! China just revealed that it has doubled its gold holdings to 1,054 tons. Yet that still only equals 1.6% of its overall reserves. As China moves out of U.S. Treasuries and into gold, this will help fuel the next leg of the run-up.
Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%... another trigger for the coming gold boom.
The Paper Dollar's 30% Drop: Since 2001, the U.S. Dollar Index has tanked 30%... while gold has risen 300%. With all the downward pressure on the dollar, and inflation on the way, this trend is about to pick up steam.
Given all this great news........I would say that the stock market is due for a HUGE retracement. As of Sept 1st I will be out of the market (Except for Chinese reverse mergers) and long on gold and S&P puts. We are also in the process of selling our primary residence as I do not see the real estate market going anywhere for the next 10-12 years minimum.
"Big Money" Inflows: In 2008, NYC-based hedge fund Paulson & Co's flagship fund returned 37%, as the world markets burned. Paulson's bullish on gold, big time, including the Mar. 17 purchase of 39.9 million shares of AngloGold, worth $1.28 billion. Other major hedge funds are piling into gold, too, including Eton Park Capital, Green light Capital and Hayman Advisors.
China's Doubling Down! China just revealed that it has doubled its gold holdings to 1,054 tons. Yet that still only equals 1.6% of its overall reserves. As China moves out of U.S. Treasuries and into gold, this will help fuel the next leg of the run-up.
Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%... another trigger for the coming gold boom.
The Paper Dollar's 30% Drop: Since 2001, the U.S. Dollar Index has tanked 30%... while gold has risen 300%. With all the downward pressure on the dollar, and inflation on the way, this trend is about to pick up steam.
Given all this great news........I would say that the stock market is due for a HUGE retracement. As of Sept 1st I will be out of the market (Except for Chinese reverse mergers) and long on gold and S&P puts. We are also in the process of selling our primary residence as I do not see the real estate market going anywhere for the next 10-12 years minimum.
