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Be on guard with silver & gold for a sudden correction. Both have put in astounding performances this week, but be on guard anyway. Over the next 8 weeks or so gold ought to rally to at least $1,000 & on a spike might reach $1,200. Silver needs a swift kick to get going, although this week it hasn't danced badly. Still, this stage in a gold rally (halfway) is when silver usually begins to outpace gold.

I fear 2008 will be a tougher year for reading markets than 2007 was - mercy. And full of bad surprises for those in stocks & real estate. Dollar will rally in the second quarter, but it won't hurt silver & gold much, as presently gold has broken out upside against the Euro (that ridiculous Frankenstein currency with more holes, scars, and stitching than the ridiculous dollar) and has almost broken out against the Yen, another preposterous fiat currency backed by - nothing!

What does that mean? That gold, the master alternative currency, is rallying against all sorry unbacked fiat central bank currencies. Defend yourself this year by getting as liquid as possible, paying down all debt, & fleeing from stocks and central bank currencies into silver & gold. Brace yourselves for a turbulent year!

Zdroj: goldprice.org

09.01.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan