Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Thursday, December 11, 2008

Gold, Precious Metals, Crude Oil, Commodities Currencies

Gold, Precious Metals, Crude Oil, Commodities Currencies to Soar:

In the currency markets, the U.S. dollar fell against most major currencies, but rose against the Japanese yen, as progress toward a $15-billion federal bailout for the nation's auto industry buoyed risk appetite among investors

If USD continues to weaken, gold and crude oil will again rise. Gold typically is seen as a hedge against inflation and may also be a storage of value against deflation. With the current destruction of wealth/value in all paper assets and deflating prices in commodity, gold will be seen as safe haven.. Watch precious metals soar...

If JPY start weakening against major currencies, we will see "carry-trade" funds buying into the equities of emerging markets. Watch all commodity currencies and Australia stocks movement...

Plan your move and you could be rewarded...

1 comment:

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