Thursday, February 26, 2009

Watch Gold Soar- just as LNR predicted months ago

Two major predictions by LNR will soon be realized, gold near $2,000 an ounce and the stock market medium-term floor of 6,900. Why did you have to wait until mid-February 2009 to find this out, by reading LNR you would have known the numbers back in October 2008 !

Oil will also become, again, THE major entity for which to park investment funds, while confidence in government bonds are being eroded, the stock market is imploding, real estate is in a depression, oil will once again, as last summer be the safe haven for trillions of investment dollars. As LNR states here, yes gold will reach $2,000 an ounce, however, gold as a commodity is in very limited supply and therefore can never be a haven for trillions of dollars, therefore, oil will sustain a cash dump and prices will shoot up again this summer. Note, that the oil jump, as LNR said before and was proven correct, is not a function of short supply. LNR is clear to state as many times before, there is no shortfall in oil for at least the next 25 years, even then, current sources will still supply foreseen demand. Oil exploration consultants state that it maybe in 2050 that oil demand exceeds new oil finds. Until then, gas up your hummer and drive like the wind !

No comments: