Profit Confidential Weighs in on Gold, Sees Current Prices as Opportunity for Investors - NEWS10 ABC: Albany, New York News, Weather, Sports

Profit Confidential Weighs in on Gold, Sees Current Prices as Opportunity for Investors

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Profit Confidential’s Michael Lombardi releases his expert opinion on the current state of the gold market and how current weak gold prices are an unprecedented opportunity for contrarian investors.

New York, United States – November 28, 2013 /MarketersMedia/ —

Profit Confidential (www.ProfitConfidential.com), an e-letter published by Lombardi Publishing Corporation, a 27-year-old consumer publisher that has served over one million customers in 141 countries, is weighing in on the gold market. It’s also announcing that it sees current weak gold prices as an unprecedented opportunity for contrarian investors.

“Currently trading near $1,240 an ounce, gold is sitting at a five-month low, and the second lowest level in four-plus years,” says lead contributor and financial expert Michael Lombardi. “Given the recent weakness in the price of gold bullion, many investors may be wondering whether or not they should be running for the exit. Some well-known ‘gold bugs’ have recently turned bearish on the precious metal, but I’m on the opposite side of the spectrum; I see the pullback in gold prices as an opportunity of a lifetime for contrarian investors.”

Since 2001, the price of gold has trended steadily higher; climbing roughly 310%. During its ascent, the price of gold has experienced a number of pullbacks, but every day, the price of gold bullion has recovered and moved higher. Against that backdrop, Lombardi believes gold prices will recover from their current price correction.

From a fundamental point of view, demand for gold bullion remains robust, Lombardi explains. Many central banks have become net buyers over the last couple of years and consumer buying in gold is very strong. So the question is: with so much negativity towards the precious metal, have we reached peak pessimism on gold bullion?

“Hedge fund manager and gold bull John Paulson said recently he would not be investing more of his own money in his gold fund because it’s not clear when inflation will accelerate,” Lombardi adds. “While investors have turned very bearish on gold bullion, I see it as a bullish indicator. One thing history has taught us is that when there’s increasing pessimism on any investment, a bottom is usually close at hand.”

“So far this year, gold prices have fallen about 30%, while the S&P 500 is up about 30%. I can’t see how this trend will continue in an environment where stock prices seem to be rising on nothing else but the Federal Reserve’s $85.0 billion per month monetary policy,” he concludes. “My wager is that in the years ahead, we will look back at 2013 and remember it as a great time to buy gold-related investments.”

Founded in 1986, Lombardi Publishing Corporation, which has served over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more information on Lombardi Publishing Corporation and Profit Confidential, visit www.lombardipublishing.com.

For more information about us, please visit http://www.profitconfidential.com/

Contact Info:
Name: Wendy Potter
Email: press@lombardipublishing.com
Address: 350 5th Avenue, 59th Floor, New York, NY 10118
Phone: 905 856 2022
Organization: Lombardi Publishing Corporation

Source: http://marketersmedia.com/profit-confidential-weighs-in-on-gold-sees-current-prices-as-opportunity-for-investors/27153

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