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Jesse Lauriston Livermore is perhaps the most famous stock trader of the early 20th century.
Famous for amassing and subsequently losing several multi-million dollar fortunes, Livermore also shorted the stock market heavily during the crashes of 1907 and 1929.
Livermore, who was also known as the Boy Plunger, is famed for making—and losing—several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929.
One of Livermore's core trading rules was...
Be Right and Sit Tight
It's simple...
Invest in a growing trend and have the courage to hold long-term for really big gains.
Clearly, the gold bull market is one such growing trend. And investors who "sit tight" will undoutbly see big gains by owning the precious metal now.
Buy Gold Now
The bull market has already pushed gold prices over 300% higher since 2001. And now with the world's demand for gold is starting to significantly outpace supplies, even higher prices are on the horizon.
During the third-quarter there was a colossal 10.5 million ounce deficit (worth $8.5 billion) in world's supply and demand of gold. Global gold demand increased over 50% since the second-quarter while supplies dropped 64% year-on-year.
Gold demand, particularly in the investment sector, is currently at all-time highs. But estimates suggest that the world will only produce 76.8 million troy ounces during 2008. This represents a 9% decline in world gold production since 2001.
Gold Mine Supplies to Continue Falling
The world financial meltdown has forced the shut down of hundreds of gold mines around the world and slashed exploration and development budgets across the board. And the near-term future of new investment still looks pretty grim.
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The effects of these budget cutbacks won't be felt in the gold market for several months to years. But the lack of investment money going into gold mines right now-and probably for over the next several months-will certainly have an effect on global gold supplies in the future.
And the lack of these supplies will positively affect gold prices.
The global economic crisis has motivated miners of all metals to cut back on exploration and development activities. Below is a just partial list of mine closures and delays that have been announced over the past several weeks:
August 21 December 8 |
With demand soaring and supplies plummeting, there's never been a better time to own gold. Gold prices could go to as high as $5,000 once this gold bull market plays out.
Be right and sit tight.
Buy gold.
Good Investing,
Luke Burgess
Managing Editor, Gold World
P.S. It's simple, really. Demand is soaring. Supplies are plummeting. And if you don't buy gold now, you may not get the chance to later. To get your limited-time discount on physical gold, plus access to our portfolio of incredibly bargain-priced junior gold stocks, simply follow this link.
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Economic Releases for the week of Monday, December 8th, 2008:
Dec 09 - Pending Home Sales
Dec 10 - Wholesale Inventories
Dec 10 - Crude Inventories
Dec 11 - Import and Export Prices
Dec 11 - Trade Balance
Dec 12 - PPI
Dec 12 - Retail Sales
Dec 12 - Business Inventories
Dec 12 - Michigan Sentiment
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From the Archives...
... In the Biggest Gold Rush in World History2008-12-05 - Greg McCoach
The Second Coming of Gold and Junior Gold Stocks
2008-12-03 - Gold World Staff
Zimbabwe's Annual Inflation Rate is now 516 Quintillion Per Cent
2008-12-02 - Luke Burgess
OTC Derivatives to Push World Stock Markets Down, Gold Up
2008-12-01 - Greg McCoach
World Gold Production Expected to Hit 11-Year Low
2008-11-26 - Gold World Staff
Just like we told you back in 2001... buy gold! Since the Fed and government has intervened on the economic situation and made matters worse, this is the exact time to own gold.
A rise in junior gold stocks is just around the corner.
Gold, silver, and many other commodities are getting ready to skyrocket. It's gearing up to what could be the biggest buying opportunity for junior gold and silver stocks ever and Greg McCoach's service, the Mining Speculator can help you.
Click here for more information.
Gold World, Copyright © 2008, Angel Publishing LLC, P.O. Box 84905, Phoenix, AZ 85071. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Gold World does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. The publisher, editors and consultants of Angel Publishing may actively trade in the investments discussed in this newsletter. They may have substantial positions in the securities recommended and may increase or decrease such positions without notice. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law.
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