UPDATE - GOLD

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Precious Metals Blog

Wednesday, April 08, 2009

UPDATE - GOLD

This is to inform everyone that we have reached a cyclical low in gold according to my analysis. If you are looking to start buying or add to your portfolios now is the time.

Nothing has changed, the stock market major trend is down and this is a selling opportunity, it could get very ugly soon.

Commodities like food and energy look to be bottoming and the upward move over the next 18 months could be explosive as companies have been forced to cut back to the point of not being able to meet demand, banks aren't loaning and we all still need to eat and get around regardless of finances.

Look for another set of major and I do mean major declines in housing and especially commercial real estate after this minor real estate "bargain hunting" is over, this should be very short lived.

The dollar will begin its downward spiral as massive amounts of dollars are being printed. Use these lulls to GET OUT OF CASH, any form of paper assets and into hard assets namely gold which is in a major uptrend but very oversold at these levels. Be a buyer. I am also recommending silver at these levels. Bargains abound in Investment grade certified coins due to tax selling, so get started today.

Questions? Feel free to call me any time.

James M. Carrillo

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*DISCLAIMER: *All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of Gold IRAS & Rarities. Past performance of any investment is no guarantee of future performance. All investments have risk.

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DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.

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