$2000.00.
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$2000.00. Dear investor.
Over the last couple of days, a few interesting articles have been released talking about debt levels.
IMG has addressed this subject extensively; in short, the world has never seen this magnitude of debt...not even remotely close. If you would like a detailed breakdown of this information, do not hesitate to schedule an appointment.
The metals were down on profit-taking and normal corrective activity.
Gold has led the upward charge breaking above $1900.00; it now sets its sights on the $2000.00 price point.
From a technical perspective it is important to maintain above $1900.00.
In the physical market, reports show an enormous volume that will keep premiums rather high on certain products, mainly coins. With inflation declining according to recent CPI numbers.
Expect investors to continue buying precious metals. Remember, a possible stagflation environment could encourage higher prices.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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