“If the Federal
Reserve takes additional action at its next Federal Open Market Committee
(FOMC) meeting in September, then the recent strength in gold prices should
carry right into 2013,” reasons Clark.
In the article “Gold
Stocks Breaking Out of Their Correction,” Clark recommends that investors
make sure the have some exposure to gold over the near term, as he believes the
market has the makings of a new upward trend in gold prices.
However, Clark concedes
that across the board, mining companies have had a tough year on the stock
“It’s as if
institutional investors just abandoned the entire group,” says Clark. “Even
large-cap dividend-paying heavyweights in the gold sector have been under a lot
Clark says that if the
U.S. economy experiences another recession in 2013, the fundamentals for gold
prices remain solid; if the U.S. economy continues with its recovery, the
fundamentals for gold prices get even better.
“Regardless, in the
age of austerity, rising money supplies, and ballooning sovereign debt, the
outlook for rising gold prices is solid,” concludes Clark.
Profit Confidential, which has been published for over a decade
now, has been widely recognized as predicting five major economic events over
the past 10 years. In 2002, Profit
Confidential started advising its readers to buy gold-related investments
when gold traded under $300 an ounce. In 2006, it “begged” its readers to get
out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to
predict that the U.S. economy would be in a recession by late 2007. The daily
e-letter correctly predicted the crash in the stock market of 2008 and early
2009. And Profit Confidential turned
bullish on stocks in March of 2009 and rode the bear market rally from a Dow
Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a
gain of 99%.
To see the full
article and to learn more about Profit
Confidential, visit www.profitconfidential.com.