Gold in 2012 - Voice of the People


Zacks highlights commentary from People and Picks Member «Vet67to82».

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Gold in 2012

Gold is headed higher.    Main reason: Asia's China and India. Both countries are on track to be 40 percent of the global population.   India has been focused on gold for a long time.  China, with about 1.4 BILLION people that have no retirement planning or coverage, has authorised its people to own gold, strongly advising its peoples to buy gold, almost assuring its people that gold values will increase over time, and  is making efforts to see that gold, when exchanged, is only done through China sanctioned exchanges, brokers, dealers. 

As reported on MarketWatch, "Gold gains on China's buying binge"  "The country imported a record 103 tons from Hong Kong in November, up 19% month over month and up 483% year over year,"

For the rest of the story, here's the link:

The current global financial trials and tribulations (Portugal, Ireland, Italy, Greece, and Spain, the Euro, etc) are not going to resolve themselves except over time, a LOT of time, and the above reasons are why I am against shorting precious metals, especially "leveraged shorts" like ProShares Ultra Short Silver ETF ( ZSL ).

The most recent picks by «Vet67to82» are:
A buy rating on SYNNEX ( SNX ),
a buy rating on Infosys ( INFY ) and
a buy rating on Schnitzer Steel ( SCHN ).

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INFOSYS TEC-ADR ( INFY ): Free Stock Analysis Report
SCHNITZER STEEL ( SCHN ): Free Stock Analysis Report
SYNNEX CORP ( SNX ): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: INFY , SCHN , SNX

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