Friday, November 30, 2007

Slechtste beursadvies voor 2008!








Het wordt tijd dat ik er werk van maak om wat meer informatie over de stierenmarkt in goud bijeen te pennen. Héél veel mensen weten niet waarover het gaat en wat het allemaal zal teweeg brengen. Ik zal proberen de komende maanden hierover meer verduidelijking te verschaffen.


It is time to give people more information about the bull market in gold. A lot of people still do not know what is going on and what we are heading for. It it time to clear some things up.


In advance, I invite you to read the latest advice on gold by Goldman Sachs. After reading, go to your bank and do the exact opposite transaction. Banks are in big trouble. It is time to stop trusting them. It is in gold that we should trust! Do not believe the decline in the dollar is over. There is a long term trend and it is down. The dollar is loosing its status as a world currency. Gold will profit from this big time.



Gold, Silver Fall as Dollar Rebounds, Goldman Sachs Says `Sell'


By Pham-Duy Nguyen
Nov. 29 (Bloomberg) -- Gold and silver fell for a third straight day after a gain in the value of the dollar reduced demand for the precious metals as alternative investments.
The dollar rose after a report showed U.S. economic growth surged in the third quarter. Goldman Sachs Group Inc. said the currency's decline is nearing an end and urged investors to sell gold. The metal still has gained 26 percent this year after the euro climbed to a record against the dollar.
``Gold's raving rally is over,'' said Frank McGhee, the head metals trader at Integrated Brokerage Services LLC in Chicago. ``The euro is pulling back. We're going to see an easing of inflation and geopolitical issues.''
Gold futures for February delivery fell $5, or 0.6 percent, to $802.30 an ounce on the Comex division of the New York Mercantile Exchange. The price reached a 27-year high of $848 on Nov. 7.
Silver futures for March delivery fell 8.8 cents, or 0.6 percent, to $14.445 an ounce. The metal still is up 12 percent this year.
Gold may decline 15 percent to 20 percent next year as turmoil in financial markets eases and a slump in the dollar will slow, Goldman Chief Economist Jim O'Neill said.


Dollar Rally
The dollar rose as expectations for another interest-rate cut this year eased. Interest-rate futures showed a 68 percent chance the Federal Reserve will lower the overnight lending rate to 4.25 percent by Dec. 11, compared with a 94 percent chance yesterday.
The Fed cut its benchmark rate by 0.25 percentage point to 4.5 percent on Oct. 31, the second reduction this year.
Gold may be too costly for jewelers, the biggest buyers of the metal, some analysts said. Jewelers accounted for about 67 percent of purchases last year, according to the producer-funded World Gold Council.
``We continue to consider gold expensive at $800 an ounce,'' said John Reade, an analyst for UBS AG in London. ``We continue to look for an opportunity to get tactically long of gold again, but need to see speculative positioning reduced and jewelry demand return.''
UBS expects gold to fall to $750 within a month. Speculative long positions, or bets prices will rise, outnumbered short positions by 172,390 contracts on the Comex in the week ended Nov. 20, data from the U.S. Commodity Futures Trading Commission show. Net-long positions fell by 18,395 contracts, or 10 percent, from a week earlier.
Gold is headed for the seventh straight annual gain. Last year, the metal rose 23 percent as the dollar fell 10 percent against the euro.
Investment demand in the StreetTracks Gold Trust, an exchange-traded fund backed by bullion, has risen 34 percent this year to a record 609 metric tons.