Archive for May, 2009

4 ETF’s Which Provide The Best Hedges Against Inflation

Underground investor David Fessler, writing at Investment U, says the four best hedges against inflation are gold, inflation-adjusted Treasuries, energy stocks and commodities such as wheat, metals, cattle and fertilizer. 1) Gold David recommends investors hold 5% of their portfolio in gold to hedge against a declining dollar and an inflationary economy. He says investors [...]

GoldMoney Alert – Hyperinflation on its way?

James Turk “Some say that T-note yields are climbing in spite of the fact that the Federal Reserve is buying Treasury paper, but they have grabbed the wrong end of the stick. T-note and T-bond yields are climbing precisely because the Federal Reserve is buying Treasury paper.” “Hyperinflation is caused by the central bank buying [...]

Kinross buys shares in explorer Millrock

TORONTO (miningweekly.com) – Toronto-based gold-miner Kinross Gold has bought 2,19-million units – each comprising one share and one half of a purchase warrant – in exploration firm Millrock Resources. Kinross bought the units in a private placement, for a total of C$350 000, Millrock reported. The placement will give Kinross a 6,46% interest in the [...]

Gold over 1000 next week?

The price of GOLD is poised to break through $1,000 an ounce next week and could reach $1,300 before a price consolidation. If we break $1,000 we could run fast and furious! Gold is considered to be the universal currency and when people start to question the true buying power of paper currencies the shiny [...]

August Gold closed sharply higher on Friday

August gold closed sharply higher on Friday as it extends this month’s rally. Fears over inflation have lead to some investors moving cash into hard assets and precious metals as a hedge against inflation. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but [...]