My "Sell-high Buy-low" Strategy
By Craig R. Smith
Every smart investor hopes to buy low and then to sell high, but...
the hard part is determining what's low and what's high.
Stocks now look very top-heavy and primed for another price correction. Wise investors are now looking for a new strategy. Here's my simple, time-tested strategy in a nutshell: "Sell-high... then Buy-low!" With the Dow still near 12,000, what better time to take some profit off the table and diversify it into gold?
The U.S. economy is slowing down and the housing market is adding a huge drag on all domestic markets. This spells further drops for the U.S. dollar which just hit an all time low against the euro and the pound. This all adds up to higher gold prices.
Recent media headlines reported: "Gold at 28-year high" yet fail to mention that after discounting prices for inflation, gold must rise above $2,150 an ounce -- three times the current price -- to achieve the previous 1980 price peak. Today gold is just one third of the way up toward reaching a true new high, so it's still a good buy!
The average 5-year gold price projection by over 50 leading investment experts is $2,095/oz.! Gold is undervalued and experts agree it has nowhere to go but up!
This is your invitation to receive a FREE copy of my book "Rediscover Gold in the 21st Century", a companion "GOLD 101" DVD and "Gold: The Next Stage" magazine.
As a bonus, I'll also include my brand new "Rare Opportunity", booklet and CD. Discover seven driving forces behind this bull market in gold and coins on this 30-minute audio CD.
Not sure? Watch a 3:00 sample