Market Alert

By: Julian D. W. Phillips | Wed, Dec 17, 2008
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Gold has now entered the next and major leg of the long-term gold bull market after correcting down from $1,035. We believe it is now targeting $1,000, initially. This will be achieved with pullbacks and periods of consolidation.

We believe, too, that gold shares will benefit to a greater extent than gold itself, in the next moves up. In particular, we feel that soundly based gold "Junior" mining companies will benefit strongly.

Please refer to our latest issues for our preferred shares.

The move has been triggered by the clear signal from the Fed that the deflationary spiral gripping the global economy is far more serious than realized until now. The initial impact has already been seen in the precipitous fall of the U.S.$ to over $1.41 so far. As repeated attempts to re-invigorate the flow of liquidity have failed, the U.S. Federal Reserve had to do more, much more.

  1. The Fed's interest rate cuts and "Quantative Easing" will soon be followed by central banks across the world.
  2. The swamping of the global economy with liquidity will stem deflation, but will also badly damage confidence in the world's monetary system and give rise to explosive inflation.
  3. The time it takes to reflate the global economy will be far shorter than most commentators expect.
  4. The strains that the world will now feel, particularly in the different world economies, will become in many instances, unbearable, so we expect to see restrictive local action in those economies to manage the huge capital flows that will be experienced.

All of these prospects are very positive for gold.

We last issued a similar Alert early in September in 2007. History shows how correct we were!

This alert is to prompt you to act now before the market really takes off.

As you know, we at Gold & Silver Forecaster are dedicated to following these developments so that Investors can maximize their understanding and profits from the gold and silver [and platinum] markets. As a result we expect to see the gold market shine far brighter than we have seen to date.

If you have not followed the newsletter, we recommend that you subscribe quickly to it so as to see which shares we believe will benefit investors the most and to keep your fingers 'on the pulse' of the gold price. Our coverage of the global economy is focused on the factors driving the gold price including oil, the $, and other relevant markets.

We will always keep the global perspective, making our letter "must-have" reading in these markets.

Kind regards,

 


 

Julian  D. W. Phillips

Author: Julian D. W. Phillips

Julian D. W. Phillips
Gold Forecaster

Julian D. W. Phillips

"Global Watch: The Gold Forecaster" covers the global gold market. It specializes in Central Bank Sales and details, the Indian Bullion market [supported by a leading Indian Bullion professional], the South African markets [+ Gold shares shares] plus the currencies of gold producers [ Euro, U.S. $, Yen, C$, A$, and the South African Rand]. Its aim is to synthesise all the influential gold price factors across the globe, so as to truly understand the global reasons behind the gold price.
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