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Gold Taunts Meek BuyersRick Ackerman
While I've expressed mild skepticism
in the past that an ounce of gold will eventually change hands
for $10,000, there is no longer much room to doubt that the old
high at $850 is destined to fall. How long it will take for prices
to blow past that peak and hit $1,000? Count me among the lunatics
on this question, since I think it's going to happen well before
the end of the year and perhaps even before autumn. It's a seller's market now
and you had better get used to that fact, since it's going to
be that way for a while to come. Take a look at the chart above,
which shows how the bull market unfolded in JDS Uniphase, a tech-bubble
favorite. For the most part, you either bought the stock when
it was rising or you didn't buy it at all. *** Penny Pinching Grappling with the trend? Check out Rick's Picks' archives to see how well Rick Ackerman has done with his forecasts and trading strategies. You can get a free one-day pass to visit the site, or a two-week trial subscription with no risk, by clicking here. Rick Ackerman Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers' initials will be used unless express written permission has been granted to the contrary. All Contents ©2005-2006, Rick Ackerman. All Rights Reserved. You can subscribe here. |