gold investing

Dow continues to rise. SWN up 10% after earnings – Nov 10′, Gold on the rise

SWN @ $36 is up 10% since earnings and moving with the Dow and strong trends of gas prices going up. It has a huge reserve keeping the company profitable. The Dow continues to rise even though fairs of inflation continue to rise with the U.S. dollar weakening. GOOG and AAPL I feel are also getting a boost. I continually see more ipads being used in the NYC subway. For around every 20 riders I see someone holding an ipad and 15 others wearing ipods and around 10 of those holding iphones. Apple Inc. is definitely still in growth saturating the market and has a mighty fan base. Current I’ve been following Gold also at 1391 ounce. I joined My Gold Rush USA, a gold home based business opportunity, where you can get 10% of gold American Eagle Coins. That is kind of a big deal when you think of a discount of 10% on $1445 an ounce for American Eagle coins that is $144.50 in gold discount. For more information on getting these coins at a discount check out My Gold Rush USA.

Reading the Kirk Report – interesting news article on gold and the U.S. dollar

Recently I’ve subscribed to the Kirk Report. I really don’t use it as a medium to make or follow trades, but more as a resource and get some “why’s?” answered to understand the market more. Mr. Kirk really spends time into finding unique educational investment articles such as this one “Buy Asia, Sell USA” by Goldman Sachs (GS @ $224, PEG at .66). To sum the article up in a nutshell Goldman Sachs currency traders plan on buying Asia currences such as the Yen instead of the weak dollar, but they also think the dollar will be a lot stronger a year from now. Goldman Sachs also believes gold has risen very high currently at $800/ounce and see it falling 15-20% in the next year so it would be a smart thing to short this investment or bet/trade against it rising higher and profiting off it falling. Now again investors buy gold because the U.S. dollar is weak so it makes perfect sense that if the dollar gets stronger again then because of this investors will sell off gold and buy into the dollar again forcing gold to fall in price.

I’m amazed at how much time this guy invests in understanding what is happening in the market. I envy him not being able to read as much and researching as much and the quality of his findings. For a complete list to sum up thursday november 29th, 2007, the week, and a bunch of interesting articles I would of rather never even known about click here for more of the Kirk report.