Popular Profit Confidential E-letter Gets Ready for $100 Up Days for Price of Gold Bullion

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Profit Confidential, the popular stock market e-letter, predicts gold bullion could rise over $100 a day when the third phase of the gold bull market sets in. According to Profit Confidential, “the popular media is slowly starting to pick up the gold bull market story. Investors are getting interested, the smart money is buying in, but gold is still only in the second phase of its bull market. Once the third and most speculative stage sets in, we will see big single-day price rallies in the metal.”

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By pushing interest rates so low in the summer of 2004, Greenspan not only succeeded in starting the devaluation of the U.S. dollar, but he also unwittingly set the stage for the greatest real estate bubble in American history—a bubble that eventually burst, causing the worst recession since the Great Depression.

Profit Confidential, the popular stock market e-letter, predicts gold bullion could rise over $100 a day when the third phase of the gold bull market sets in.

According to Profit Confidential, “the popular media is slowly starting to pick up the gold bull market story. Investors are getting interested, the smart money is buying in, but gold is still only in the second phase of its bull market. Once the third and most speculative stage sets in, we will see big single-day price rallies in the metal.”

Writing in Profit Confidential, Michael Lombardi, MBA, says, "So far for October (2010), the majority of the rise in the price of gold can be related to the decline in the price of the greenback compared to a basket of the world’s other most popular currencies. If you’ve looked at a chart of the U.S. dollar lately (against other currencies), it reads like a straight line down."

Gold bullion prices are up $1,000 U.S. per ounce since Lombardi started recommending the metal as a buy back in 2002.

The report says, "By pushing interest rates so low in the summer of 2004, Greenspan not only succeeded in starting the devaluation of the U.S. dollar, but he also unwittingly set the stage for the greatest real estate bubble in American history—a bubble that eventually burst, causing the worst recession since the Great Depression."

Lombardi believes, “To fight the recession, the U.S. government increased debt to record levels, putting more strain on the U.S. dollar. Gold has many ‘thirsts’ that fuel its rise. One being a falling U.S. dollar. The second being increasing U.S. national debt, because a currency backed by a lot of debt is a currency in trouble. Both thirsts are being fed to gold right now.”

Several years ago, two senior analysts at Lombardi Financial wrote a report on how they believed former Fed Chairman Alan Greenspan had a secret plan to reduce interest rates to bring the value of the U.S. dollar down to help American exporters. Lombardi’s realization was that, as the U.S. dollar fell in value, the 70% of world countries that use the greenback as their reserve currency would get squeezed and would look to abandon the U.S. dollar as a reserve currency. Their only alternative: gold.

For the full report, visit Profit Confidential

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 Profit Confidential.

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