For Immediate Release
Chicago, IL – 01/12/2012 – Zacks highlights commentary from People and Picks Trader “Vet67to82”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
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: http://money.msn.com/market-news/post.aspx?post=5682d586-ab3e-46f0-9ce2-ea81417183b4&_nwpt=1
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 - ETF report).
The most recent picks by «Vet67to82» are:
A buy rating on SYNNEX ( (SNX - Snapshot Report),
a buy rating on Infosys ( (INFY - Analyst Report) and
a buy rating on Schnitzer Steel ( (SCHN - Snapshot Report).
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