Claro que apenas estou aqui a colocar este extracto da newsletter nº 644 ,de 28 de Novembro de 2004, dado que o mesmo está disponível do site do Financial Sense, sendo portanto do domínio público.
I’ve been waiting about 19 or 20 years to see this story appear in the benchmark US newspaper, the NYTimes, a few days ago. It said gold’s rise revealed gold “was now a more favored currency than the US$.” When gold is out of favour, people call gold a commodity. When it’s back in favour, it’s a currency. This change only occurs every 10-20 years. Gold is, of course, always a currency, but govts & many socialist/Keynesian professors/press don’t usually agree/understand. It’s a watershed occasion. We’re in an “era of gold” yet again. It will probably last at least 10-15 more years. It doesn’t mean gold constantly rises, but its “conceptual value” does—ie, people’s recognition that this is the anchor; all else is a wild sea. We’ll have skyrocket streaks, like the one over the past 5 wks, & we’ll have giant collapses as we did in 1975, a 50% fall!
Meantime, gold at a 16-year high is beginning to draw a crowd. It isn’t yet a gold-rush, but it’s building. Some late comers wonder if it’s too late to buy. “It’s never too late to do the right thing”, but if U have too little or no gold positions, U can start progressively—ie, average down if we get a correction here, as seems likely after 10wks of uptrend. If we don’t get a correction now, U can average up, slowly, & more if we get a drop later on. How much of a drop if now? Maybe only to 420-430. Weaker case: 400. Upside target? 460-467 medium term. But such targets aren’t vital or practical, as bullion & gold index & individual gold mine charts tell U when to take profits, & when to buy back, along the way. Yes, we’ll get to 500 before too long (2005), a big psychological barrier. And still higher later, but buy&hold would keep your nerves tight & your profits restricted. Selling is the only important word in every mkt. Sell to take profits & buy on corrections gives U 3-4x the profit potential, & without the “I wish I sold last wk when I had a big gain.”
With gold catching fire & breaking out from a major resistance zone, my Gold Charts R Us is back in fashion. A few subscribers took to the sidelines when gold topped out last April & fell $60, but they’re now coming back as odds are more favourable & the wind is at our back. Some Hslm’s who have never tried GCRU are also having a go. The recently remodeled GCRU features a page for trend-investors, a page of energy stocks & a reshaped format for traders. I hope U’ll come on board. GCRU is the only service in the world that provides best-buy gold charts, weekly, with analysis & specific buy, sell, target & stop numbers, which are now easier to follow than in our earlier growing stages. Most get GCRU by email, but it’s also avail by fax & even mail.
With the plunge of the US$, the rise in gold/oil & inflation, one by one, every hard-money investment class is blossoming. One analyst said: it’s time now for numismatic coins to bloom. So I asked Hslm Ed Lee for his view. He said: “It’s already well underway, but still early days. I recommend commemorative silver half-$ coins circa 1892-1946. Selling for 25% of ex wholesale highs, is like buying gold at $250. Also US$20 gold MS63 & MS64. No tax on profit unless liquidated.” Ed at: [email protected] or US tel 800.835.6000. or 603.429.0869. US fax: 603.429.2095. People with euros, SwFr, etc, who buy US coins in US$ get a de facto 30% discount due to $ fall.
Harry Schultz
http://www.hsletter.com/GCRUpromo.html
Submitted by gold guru of the 70’s Harry Schultz, of the 39-year old International Harry Schultz Letter and the newer Gold Charts R Us. HS has been in the Guinness Book of Records for 22 yrs as world’s highest paid investment consultant. He has authored 23 books, the latest: Bear Market Investing Strategies (John Wiley & Sons).
Harry Schultz e o OURO - extracto da HSL 644 de NOV04
Paciente
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16-12-2004 15:08
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