Gold Stocks Breaking Out; Commodity Report by Leading Financial Newsletter Profit Confidential

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According to Mitchell Clark, contributor to Profit Confidential, you can plainly see the resurgence in gold stocks, which have really turned around from what was a considerable period of weakness. Clark notes that the majority of gold stocks have been trending lower all year, as the spot price has been consolidating. But as expectations for more monetary stimulus from the Federal Reserve are contributing to a weaker U.S. dollar, Clark argues, this is helping precious metals move higher, which is seeing gold stocks break out.

Gold Stocks Breaking Out; Commodity Report by Leading Financial Newsletter Profit Confidential

Gold Stocks Breaking Out; Commodity Report by Leading Financial Newsletter Profit Confidential

“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.

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According to Mitchell Clark, contributor to Profit Confidential, you can plainly see the resurgence in gold stocks, which have really turned around from what was a considerable period of weakness. Clark notes that the majority of gold stocks have been trending lower all year, as the spot price has been consolidating. But as expectations for more monetary stimulus from the Federal Reserve are contributing to a weaker U.S. dollar, Clark argues, this is helping precious metals move higher, which is seeing gold stocks break out.

“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 market.

“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 of pressure.”

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 http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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