The financial world is awash with claims that the Gold bull market is over.
For certain the sell-off in the precious metal has been brutal with Gold taking out critical support.
However, worries about the precious metals’ bull market are overdone.
First of all, Gold is a very volatile asset class. This is obvious, but you’d be amazed how many investors forget this. It is not uncommon for Gold to move 3% in a single day. And 5% weekly moves are not uncommon.
Secondly, the macro environment continues to favor Gold. Currently Central Banks are withdrawing from additional monetary stimulus and have begun calling for Governments to pick up the slack via fiscal stimulus.
Let the markets tank 10% or more…or the US enter a clear cut recession and the printing presses will be cranking once again. This time next year, there will be multiple new QE programs underway. We’ve already reached the point at which Central Banks spend $180 per month on QE. Next time it will be $250 or even more.
Finally, Government policy favors Gold. Governments have not abandoned their moves to try to outlaw cash by any means. Indeed, India just outlawed Rupee bills above 500. Australia is now considering employing a similar policy for large bills.
This is just the start. In the coming months the Fed will be announcing similar plans for a cash ban in the US.
These plans will be sending Gold through the ROOF.
Indeed, we've uncovered a secret document outlining how the Fed plans to incinerate savings.
We detail this paper and outline three investment strategies you can implement
right now to protect your capital from the Fed's sinister plan in our Special Report
Survive the Fed's War on Cash.
We are making 1,000 copies available for FREE the general public.
To pick up yours, swing by….
http://www.phoenixcapitalmarketing.com/cash.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research