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Message: Says below ..... " Bernanke Blow-Out just ahead."
| March 30, 2012 | |
| Latest from Brien Lundin | |
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FLASH ALERT: Rick Santelli joins New Orleans Conference...
Bernanke Blow-Out Just Ahead
No one is expecting gold to take off right now -- and that's one of the key reasons why it's going to do just that.
No one's expecting this. Very few will be prepared. And this is your warning. So why am I writing you now? Because I just polished off my latest issue of Gold Newsletter for my readers, and it contains a very powerful chart. You see, we've been tracking the 50-day moving average for gold for some time now, and it's been remarkably accurate in pointing out impending gold rallies. In particular, as you can see, whenever the Bollinger Bands on this chart start to "pinch," and whenever the gold price comes close to the lower band, a new rally has always followed.  In recent months, these rallies have been profitable, but nothing like the type of huge move we saw last summer. I think this next rally could be one of the big ones, for three reasons: 1) No one's expecting it. The speculators have abandoned the market, the Indian jewelers are on strike, and bullish sentiment for gold has collapsed. Experienced gold traders know that this is precisely the environment in which gold can move explosively higher. That's because there's massive money on the sidelines that can move into the metal very quickly. 2) The market consensus has moved away from expectations of further quantitative easing in the U.S. That's why gold has been generally weak over the last few weeks. But on Monday Ben Bernanke warned that current high unemployment was still high and persistent, and we needed "more-rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies." In other words, QE3 was still on the table. And although Bernanke never specifically mentioned quantitative easing, gold still leaped higher on the news. So if we get any indication at all that the economy is still sluggish or that unemployment will remain elevated, QE3 will once again become the investment du jour. That indication could come next Friday, when we get the latest employment numbers. Look to this as a potential catalyst for gold next big rally. 3) Finally, as I noted above, our key technical indicators are pointing toward an impending rally in gold. It's important to note that this indicator has been unerringly accurate in recent years, and only the degree of the rally has ever varied. So a move higher in gold appears to be on the way. And considering how much money is out of the market now but ready to pour right back in, it could be a huge move. |
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A Key Turning Point Looking at the bigger picture, the upcoming presidential election stands as the most important inflection point ahead for the U.S. economy. As I noted last week, we've got huge debt problems to address either way the election may go. And precious metals will benefit as that debt is inflated away. But if President Obama is re-elected, we'll have little hope of reducing government spending at all, much less carving into the debt already accumulated. In short, it's vitally important that serious investors learn what's ahead, and how to prepare for it. As thousands of very successful investors will attest, the best place to do that is the New Orleans Investment Conference. We're still building our roster of speakers, but we've already confirmed Charles Krauthammer, Marc Faber, Doug Casey, Peter Schiff and dozens of other leading authorities. And we've just confirmed none other than Rick Santelli -- the founder of the Tea Party movement -- for a triumphant return to New Orleans. Plus, we'll feature all of the most successful analysts in precious metals and mining stocks, including Rick Rule, Frank Holmes, Brent Cook, Gene Arensberg, Mary Anne and Pamela Aden, Adrian Day, John Kaiser, Stephen Leeb, Scott Gibson, Bill Murphy, Ian McAvity, Chris Powell, Lawrence Roulston, Mark Skousen and more. If you have significant assets at risk in today's markets, you simply must attend this important gathering of today's top experts in geopolitics, economics and investments. But this event has been selling out our host hotel every year, and our registration fee is set to rise soon. So if you hope to get in, you'll need to act immediately. I don't want you to put off registering another moment. So to give you an extra incentive to pick up the phone and call us right now, I'd like to offer you a special bonus: A free Walking Liberty Half Dollar, minted from 1916 to 1947. These historic coins are struck in 90% silver, and are currently worth over $30 apiece. I think they'll be worth much more in the months ahead. And because you'll get your coin for free when you register for New Orleans 2012, its value will be immeasurable. Think of the profits you'll make...and the wealth you'll preserve...by discovering the opportunities available at this historic event. I have one catch, however: This offer is not available to just anyone, and therefore is not available through our website. Only subscribers to Golden Opportunities and Gold Newsletter can qualify, and only if they call us toll free at 800-648-8411 now. So don't put it off a moment longer. Act now to secure your place at New Orleans 2012. Yours for precious metals profits,  Brien Lundin President and CEO, New Orleans Investment Conference Editor, Gold Newsletter P.S. Don’t forget to watch gold next week. There’s a big rally on the way, and you need to be ready for it. |
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