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Gold pushing a new record high!

Larry Edelson | September 2, 2010

Wow, are these markets heating up now or what?! Gold pushing toward a new record high, as predicted, and with the strongest seasonal period for gold still ahead!

The Dow Industrials now on their way down to 9,000. The dollar, stronger against the euro, but weaker against most other currencies. And more!

Best wishes,

Larry

P.S. With the economy sliding and Big Ben Bernanke revving up the printing presses and the Fed’s helicopters to drop trillions of paper dollars on everything, it’s absolutely imperative that you understand what’s going on — so you can protect your money and profit.

Become a member of my Real Wealth Report now, for a mere $99 a year. It’s the best $99 you’ll ever spend. Click here now to join.


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Larry Edelson has nearly 33 years of investing experience with a focus in the precious metals and natural resources markets. His Real Wealth Report (a monthly publication) and Resource Windfall Trader (weekly) provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management.

For more information on Real Wealth Report, click here.
For more information on Resource Windfall Trader, click here.

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{ 10 comments… read them below or add one }

william September 2, 2010 am30 9:05 am at 9:05 am

Larry, what is your other newsletter name?

Reply

peter scherber September 2, 2010 am30 9:17 am at 9:17 am

GOOD MORNING
LARRY
I KNOW THAT GOLD HALF TO GO UP TOO 1,600.00 THAT MUCH I KNOW

THANK YOU
PETER SCHERBER

Reply

Ann Webre September 2, 2010 pm30 12:00 pm at 12:00 pm

Dear Larry,

Why will the bond market implode? I thought that would only happen if interest rates were to rise. I’m heavily invested in a variety of bond mutual funds. Can you address this in one of your talks?

Thanks,

Ann

Reply

Peter G September 2, 2010 pm30 2:20 pm at 2:20 pm

Thanks Larry, As usual your right on…………..

Reply

Carlos September 2, 2010 pm30 4:28 pm at 4:28 pm

I think the bond market is in a very risky position at the moment because of bad sovereign balance sheets which make most investors run into bonds of USA treasuries, the thing is that USA balance sheet is just as bad with more than 100T dollar liabilities coming due in the following years, so they will pay this debt but they will have to print like mad man to pay it, Investors will smart up and flee the bond market into tangible assets like natural resources or anything that you can touch or represent a tangible asset (stocks included).

Reply

JP September 2, 2010 pm30 5:39 pm at 5:39 pm

Larry,
Thanks for your update. It would be great if you could talk Silver too. It looks to be breaking out this week. Your insights would be much appreciated.
JP

Reply

Steve September 2, 2010 pm30 10:18 pm at 10:18 pm

Larry, you’ve been forecasting Dow 9000 for a while, but seems the market is, and may continue to rally in anticipation of Bernanke’s money bomb, purchasing everything in sight to re-bubble assets. Can you give more insight why you think 9000 or lower is coming.

Thanks

Reply

Luca September 4, 2010 pm30 1:51 pm at 1:51 pm

I was hoping you could talk about weather or not you think were headed for a broad market sell. Off come october as some have suggested. -f that were to happen wouldn’t that take down the mining shares with them temporarely. Do you anticipate unloading some stocks and then re-buying on dips.

Reply

Gail September 6, 2010 pm30 2:08 pm at 2:08 pm

Larry, When do you think Gold will pull back so we can buy, and how low will it go and when?

Reply

PDAW September 6, 2010 pm30 7:57 pm at 7:57 pm

I’m a contrarian. I believe that gold is poised to collapse big time. I see gold falling to about half of what it is now and it wouldn’t surprise me if it went lower than that. Why? I’ve observed that any time a mountain forms in any market sooner or later it goes down. When you look at the long term chart for gold it has formed a mountain. Another sign I’ve observed for when something is about to go the opposite way is where are the loudest voices coming from. With gold I’m hearing up, up and away.

My basic market philosophy is that if it talks like a duck, walks like a duck and looks like a duck it’s a duck as opposed to a pigeon. However I will admit that if you’re looking up at the wrong time with your mouth open you probably couldn’t care less what type of bird it is.

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