Time For a Fresh Look at Gold and Silver
With the USDX still battling to keep its head above the 80 waterline, the momentum of this countercyclical dollar rally appears to be waning fast. Increasingly, gold is seen not solely as protection from dollar devaluation alone... but more for what it really is: the only currency in the world that is immune to debt, derivatives, and sovereign malfeasance.
The clock is winding down on the ability to buy cheap gold and silver. If you think gold is expensive here, and are hoping for a pullback to $800 to create a position, I'm afraid you've long since missed that boat. The $1,000 floor beneath gold that I called all the way back in June before it had formed (and reiterated in November) is showing zero signs of being in jeopardy, although a quick dip to test that level would actually be a healthy development for gold investors before the price resumes its climb beyond $1,220 on its way toward $1,500 (and ultimately $2,000 and higher). As more detail is revealed to the investing public about the fiscal state of their towns, cities, states, and of course their federal government, the closer we come to having a public that actually understands what is going on here ... that quantitative easing will be pursued to infinity in an ineffectual attempt to sustain a broken financial system. There are two types of investors right now: you're either walking calmly downfield on a cloud made of MOPE (Management of Perception Economics) with the intention of catching that hail mary pass from the Treasury and the Federal Reserve, or you're removing yourself from the playing field before the crowd stampedes.
In case hail mary passes required to clear a $600 trillion mountain of derivatives piled upon the fifty yard line makes you just a little uneasy, I offer up my recent articles on gold and silver and some of their most promising stocks. Do with them what you will, but these might be your last best tickets to exit the stadium and climb your way to some true financial safety. As always, I am here only with the hope of helping a few fellow Fools along the way. Good luck to us all.
Grab a Slice of Goldcorp's Growing Fortune
Kinross Blazes Into the Yukon
Beyond the Sterling Standard in Silver
Yawanna Keep Yamana
13.6 Billion Reasons to Adore Silver Wheaton
Newmont Strikes Golden Cash Flow
Our Little Eaglet is All Grown Up
Your Moment to Go for the Gold and Silver
Silver Miners Strike Earnings Gold
News from the Top of the Gold Chain
Silver Wheaton Vies for Vancouver Gold
A Royal Flush for Royal Gold
IAMRIGHT About IAMGOLD
Today's Best Bargain in Gold
The New Face of New Gold
Taseko's Road Map to Prosperity
Own the Purest Nugget of Gold
Better Know Tomorrow's Outperformers in Gold
Nouriel Roubini's Worst Cal Ever