Mary Anne & Pamela Aden, known for decades as the Aden Sisters – highly respected investment newsletter writers, are making a rather bold call in the gold market right now. Not that they are al0ne, but they are NOT known for making wild calls whenever the mood overcomes them.
So I think you should take notice.
The Aden Sisters came out just the other day with a recommendation to buy gold and select gold shares. They see the gold market as being in a “C” rise which happens to be the part of the bull market cycle when the biggest movement is made.
This is a particularly bold call as the Summer doldrums approach. Not that gold has never done well in the Summer, it has. It’s just that Canadian stock investors particularly know that the Summer season is when Canadian stock brokers head for the vacation home and the volume on the Canadian stock exchanges can dry up to a trickle.
The Aden’s see the dollar as doomed. Over $12 Trillion in stimulus, loans and commitments is 6 times the current value of all gold produced in the last 2000 years. Gold will rise.
But what about deflation? And here I want to point out it’s financial assets that may deflate; prices at the store, as any consumer knows, are going up. Taxes are going up. Gold can do well here, too, say Mary Anne & Pamela.
Gold shares have been week since early 2008 compared to the yellow metal. That should change. Buy selectively I think sums up their advice; but also buy gold coins now that supply is much better and premiums have gotten (almost) back to normal.
They like Gold Eagles, Maple Leafs, Krugerrands and Philharmonics.
For more ways to profit on the “C” rise in gold, click here.
