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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	7/28/2014 7:29:47 PM
	of 202736

Central Fund of Canada “A” (CEF.A-T) This pick may seem controversial, as most pundits including many in the gold mining industry have used $1,250 - $1,300 an ounce when preparing 2014 budgets and will likely stick with those numbers when budgeting for 2015. The short-term case for holding at least a 2.0 percent holding in one’s portfolio relates to the potential of gold rebounding to the $1,430 level (+9.9 percent) from which it broke down about a year ago. Potential geo-political upsets could be one cause. Longer term, I think that one or more of the following could drive the price much higher: inflation; increasing trade between China, Russia and other BRICs using the Yuan and Ruble as the main trading currencies; A potential replacement of the world’s currency system; Demand from China and India especially given the demographic factors in the case of India; excessive money printing and continuing debt buildup in the U.S., Europe and elsewhere; and finally a lack of major new discoveries. Top pick from Peter Brieger, Chairman & Managing Director, GlobeInvest Capital Market Call on BNN.ca Monday July 28 @ 1300ET

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