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Message: Ed Steers morning missive - 2 interesting articles - rally in the spring

Ed Steers morning missive - 2 interesting articles - rally in the spring

posted on Feb 04, 2010 10:35AM

Klaus et. al, below from Ed Steers of Casey's, morning email. It's funny because although i see my accounts sure down from where they last stood a couple of weeks ago, I feel positive about gold. Klaus per your last post about a spring rally, you are in good company as John Embry too believes in a spring rally. I just am in a quandry what to do to make the best of it between here and now. Any ideas from my blogger friends would be appreciated! susan

Here's for your reading pleasure (hopefully):

"Here's a gold story that's posted at Bloomberg... datelined today... and filed from Singapore. The headline reads "Gold to Reach $1,500 as Haven Status Restored, Nichols Says". I thank Russian reader Alex Lvov for sending it along in the wee hours of this morning... and the link is here.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ay7aVAKL6qYw

The last piece is also a gold-related item that's posted over at mineweb.com. Speaking on the Mineweb Gold Weekly Podcast, John Embry, Sprott Asset Management's chief investment strategist says while the yellow metal is likely to continue to consolidate over the next few weeks, the next major move will be up. I agree with this assessment entirely. The headline reads "Gold to hit $1,350 - $1,400 by late Spring - John Embry" The link to the story is here. [Note to John: From your lips to God's ears, pal... and don't call me that early in the morning ever again...LOL!]"

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=97226&sn=Detail&pid=1

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