Monday, March 3, 2014
GOLD IS A SAFE HEAVEN IN TIMES OF UNCERTAINTY------By Shan Saeed Physical Gold and Silver are your WEALTH INSURANCE. Major banks, hedge funds, big investors were bearish on Gold in 2014. I am still bullish on Gold and Silver. The only real assets with solid fundamentals and favorable macro environment. Gold will be trading in the range of $1450 to $1500/oz in the next 3/4 months. Investors are snapping up gold now. Ukraine /Russia crisis is an ideal setting for Gold and Silver upsurge. Oil prices might go out of the roof and touch $120/barrel. Investors are seeking a safe haven amid turmoil in emerging markets and signs of weakness in the U.S. economy. US economy will continue to see slow growth and fear among consumers going forward. Europe will achieve sub-par growth and Japan would try to boost the economy by monetary easing or balance sheet expansion. Gold has soared 12 percent to-date, after plunging 28 percent in 2013, its worst performance in 32 years. A reset is needed to happen in gold and silver. Last week, SPDR Gold Shares, the biggest gold exchange-traded fund, saw a net inflow for the first time since December 2012. SPDR Gold Shares last month reported and suggests that new clients are holding gold for the long run. Meanwhile, trouble continues to percolate in emerging markets, with political unrest in Ukraine and Venezuela. And U.S. fourth-quarter GDP growth was revised downward Friday. Gold has been playing its role as a great diversifier. This will continue for the next 5 years. This rally is for real and investors will take refuge in Gold and Silver. Gold is on track for its biggest monthly gain since July 2013. In general whether it's Ukraine, the U.S. economic data or worries about China, there seem to be a lot more reasons than there were six weeks ago for looking at gold. Take position in Gold, Silver and Oil for solid profits and healthy returns. Disclaimer: This is just my strategic thoughts and global view. All financial transactions carry a RISK.
Posted by Shan Saeed at 1:09 AM