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Gold Tops Out, While Market Bottoms
Do you smell that? It’s a bottom. It may take a few more days to shake out. Or it may be done with today. But rest assured, we’re close to the anticipated “second test” of the November low.
The rumors that some of our biggest banks could be nationalized have helped the current plunge. It’s like a brush with death, with everyone still standing pondering their own mortality – “It could have been me!” Not exactly what’s needed to inspire confidence in the free markets. Hopefully the euphoria of living will right their spirits, and stocks…
Across the pond in Switzerland, the Swiss are discovering what most Americans have known for years – when the IRS is involved, it’s never pretty. Thousands of American investors in Swiss banks can’t be feeling to great right now…
Do you want another reason why we’re nearing a bottom? Watch gold. It’s risen to almost $1000. Lou Basenese made the call last week to start getting out of gold. We’ll see if he’s hit the nail on the head, or been a week premature. Regardless. A week of advance notice should be plenty for investors to have laddered out of their positions.
You’ve been warned.
Or you could take a look at the Dow Jones Industrial Average. It’s just hit a 6-year low. And it’s reached that number fast and furiously. Sounds like more than just a bad movie series, it reeks of overkill.
It may feel comforting to bunker down and cover your head, not unlike the veterans of WWI engaged in trench warfare. But I urge you to restrain yourself, and “keep your head up” as it were.
You’ll thank me for it later.
- Breaking Down the Disparity Between Oil and Gold Prices
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- The Stock Market’s Red Flags: Four Ways to Handle Potential Market Turmoil
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The Company Set to Dominate a $60 Billion-a-Year Market
$60 billion is spent on cancer treatment in the U.S. - each year. And one company is poised to receive the lion's share of it.
The medical director at the Alta Bates Comprehensive Cancer Center says, "...possibly a third of our cancer patient population will soon be undergoing this [company's] treatment."
Another doctor at the University of Texas MD Anderson Cancer Center says he intends to treat over 1,000 patients a year with this technology.
Here's how you can claim your stake in the company before this cash infusion sends shares soaring.
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