Don’t let the short term fool you … natural resources remain in long-term bull markets
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/dont-let-the-short-term-fool-you--natural-resources-remain-in-long-term-bull-marketsPosted on Tuesday, October 7th, 2008 | In Commodities
With the markets tanking, and the world’s financial markets seemingly coming unglued, by far the most important thing you could do right now is keep your ammo dry and don’t let the short term fool you!
Look, I’ve been analyzing and trading these markets for 30 years, and let me tell you, this is NOT the time to be aggressive, in any market. No way. No matter how tempting it may be.
This is a time to be patient and to keep the intermediate- and long-term view in focus.
Right now, commodities are getting hit hard. But as crazy as this may sound, all of my indicators strongly suggest that all natural resources remain in long-term bull markets, even the short term may be bottoming for several commodity markets. In particular, gold, oil, corn and wheat.
Be that as it may, now is not the time to get aggressive. But it is the time to own gold. I can’t say it enough, I consider gold a “must own” in this environment.
Last 5 posts by Larry Edelson
- Chinese Researchers Confident of 8% Growth - January 7th, 2009
- China Accelerates Filling Up Its Oil Reserves - January 7th, 2009
- Cautiously, Steelmakers Raise Prices, Reopen Mills - January 7th, 2009
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
- Real values ... real opportunities ... and real money ... - December 12th, 2008
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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