Wednesday, May 27, 2009

Gold: "Buy of a Lifetime"

Some interesting material just out from Robert Prechter on Gold, may be worth a read for those gold-minded investors among you.

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"Gold is setting itself up for "the buy of a lifetime."

---Robert Prechter

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6 comments:

ROB G said...

ALLAN,
IF I FEEL WE ARE ON THE VERGE OF A BIG DOWNTURN IN THE MARKET, AND MY PORTFOLIO IS FULLY INVESTED IN SOME LONG TERM NAMES LIKE NNVC, AND SOME OTHER PLAYS LIKE GFRE, WOULD IT BE WISE TO SELL OFF GFRE EVEN THOUGH ITS IN A STRONG UPTREND (MARKET CLUB RATING +100)TO GENERATE CASH, SO I CAN JUMP IN ON THE DOWNSIDE WHEN WE GET THE CONFIRMATION.

THANKS IN ADVANCE
ROB G

Allan said...

Rob, GFRE is expendable, especially since you should have at least a double, maybe a triple in it. NNVC is to be held tightly even in a market crash, Swine Flu itself could hit 1 in 5 Americans and should come back in the fall with a vengeance. NNVC doubled from initial flu hype, expect more of the same as the flu gets newsworthy again.

Plus they have several irons in the fire for potential blockbuster news that could double prices overnight.

Finally, I could be totally wrong about the crash and the market could take off tomorrow and never look back. (Don't count on it though)

DrFeelgood said...

Boy oh boy. If gold goes up another $500 I'll break even on that jewelry I bought my wife at Macy's back in 2003. ;-)

Meanwhile, I heard that NNVC's CEO is promoting the heck out of FluCide, HIV-Cide and HerpesCide over at the NanoTexas conference.

PENN STATE Eric said...

Dr, I didn't see this posted on the iHub board, did I (we) miss something?

Anonymous said...

Lot of promises and no clinical trials yet!!! I believe clinical trials will be the most positive indicator. NNVC is right now financially strapped. they have done a whole lot of pre-clinicals without moving forward.

"..Meanwhile, I heard that NNVC's CEO is promoting the heck out of FluCide, HIV-Cide and HerpesCide over at the NanoTexas conference."

Jr Deputy Accountant said...

Call me crazy but I see gold at $1500 by the end of the year.

Even if you do not prescribe to the PPT theory, the fact that *some* entity felt compelled to bomb gold out in the open makes a pretty good case for a break: http://www.jrdeputyaccountant.com/2009/05/returning-to-scene-of-crime-to-kill.html They can't really keep it down much longer... and then?