The metals markets are bubbling and many are hitting impressive highs. But there´s also a presidential election coming up, which could go either way and many investors are wondering how this will affect the metals markets. Let´s now take a look at what a Bush or Kerry win could mean for these markets.
Whether you traffic in the circles of belligerent contrarian thought or the mainstream market consciousness, chances are today´s surging crude oil market is among the most popular topics of financial conversations in your world these days.
After being smashed down in April and May, gold has crept laboriously back up to within sniffing distance of the double-top highs of January and March-April.
I have been preaching for over three years that the U.S. dollar will slide due to excessive budget overruns and trade deficits, two main stream banks are predicting very rapid declines for the dollar over the next 12-24 months.
Who is Alan Greenspan? Any student of recent financial history knows that Alan Greenspan is, above all other things, a political animal.
I postulated that China must necessarily fall into a depression, probably comparable to the American one from the 1930s, which in turn will spread to become a worldwide depression. In response, many readers asked whether in such a depressionary environment the price of oil would go up or down.
Our viewpoint is that the long-term gold price trend is up, with an upside breakout considered probable, unless and until the long-term uptrend fails.
In the investment world, when an asset price trend experiences a parabolic curve, it exhibits a geometrically increasing slope that goes so high so fast that it eventually collapses in on itself and literally “crashes.
The gold market appears to have past its low and has been consolidating in the $400 area. This has been accompanied by similar price action in the shares of the stocks that either mine or explore for it.
Gold will be showing great strength as it will be entering a stronger phase in the ongoing bull market. And when you stand back and look at gold’s big picture, you can see a potentially explosive rise coming in the years ahead.
