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Daily Jurojin - Thursday, Nov. 5, 2009 Print E-mail

GOLD

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We've been pretty bullish on the prospects for gold prices for many months now and our brave and fearless mining and commodity expert, Sean Brodrick has been pounding the table telling readers that $1,300 per ounce could be on the cards.

On Tuesday stocks shrugged off an earlier loss as billionaire investor Warren Buffett said he'd buy the remaining stake in railroad, Burlington Northern. That's a stock that's barely budged according to the Wall Street Journal and has completely missed out on the 15% rise in the S&P 500 so far this year. You won't find new entrants to the rail industry anytime soon. Have you tried laying railroad track? These companies have a virtual monopoly on delivering commodities to wherever they need to be transported too.

The "all-in wager on economic future Of U.S." as Mr. Buffett called it stirred some enthusiasm in the stock markets. Once again European and Asian stocks were looking a little soggy and the dollar had risen to a one month high when out of the blue came the news that India had bought a couple of hundred tons of gold bricks from the IMF during September - half of the IMF's originally planned sale.

The purchase by the Reserve Bank of India is another in a long line of central bank purchases in recent quarters. While the news sent the dollar reversing its gains it sent investors scrambling to cover short gold futures and option positions, creating quite some squeeze sending gold to another record high at $1,084.30 per ounce.

On Friday Daily Jurojin readers will have a chance to hear directly from members of the Secret Order of Jurojin, including Sean, during a special live online web conference on "3 Big Investment Winners Gearing Up for 2010." This is a one off event hosted by Canadian financial radio talk show host, Tom Crone.

This is your ONLY chance to register for tomorrow's LIVE event and attendance is strictly limited to the first 1,000 sign-ups to the event.

If you're wondering...

  • What the big trends in 2010 will be ..
  • Where gold is going …
  • How high silver could go in 2010 …
  • What is REALLY driving the price of oil …
  • What opportunities await in currencies …
  • And more!

This special online conference from the Secret Order of Jurojin will give you insight into investment decisions that will power up your portfolio in 2010.

 

FREE report - Going for the Gold
This report tells you seven things that every good metals trader watches. These are key indicators that will let you clue in to the market's moves BEFORE they happen. The report also gives you the scoop on four leveraged exchange-traded funds that let you play the ups and downs of gold and silver - without buying a single future or option.

 

 
The Supreme Council of the Secret Order of Jurojin

Tyche Research

 

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