New York, NY (PRWEB) October 09, 2012
According to Michael Lombardi, financial expert and lead contributor to Profit Confidential, silver was the best-performing commodity for the third quarter, ended September 30, 2012. Lombardi reports that with the third round of quantitative easing (QE3), silver prices are set to go higher still and the returns could be phenomenal.
“Silver rose about 53% after the first round of QE from 2008 to 2010—twice as much as gold bullion,” Lombardi points out. “In [the] second round of QE, silver rose 24%—three times the performance of gold bullion.”
Lombardi believes that now that QE3 has been announced, silver should continue to rise like it did before the first two rounds of QE were announced; but this time, he says, it’s a different situation.
“The Federal Reserve is not the only one printing more fiat currency; the other central banks around the world are doing the same,” reports Lombardi.
In the article “Why QE3 Means More for Silver Than Gold This Year,” Lombardi explains that paper currency can be created in unlimited quantities, while there is only a limited amount of silver and gold bullion in the ground.
The Profit Confidential lead contributor also notes that silver miners are gaining momentum to the upside, similar to Silvercorp Metals, which was trading in a downtrend for a major portion of the year and was mired in controversy last year, Lombardi states.
“With the recent hike in silver prices, the company’s stock broke its downtrend, and it has been rising,” he reports. “Similarly, the stock of Pan American Silver has not only changed its direction from the downtrend, but the company is also estimating higher profits.”
Lombardi concludes that silver and gold bullion miners are shining like never before with many opportunities available for investors, while other companies are cutting their revenue and earnings outlooks.
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.