Skip to comments.David A. Banister Saw the Current Rise in Gold Prices and Sees More Coming Soon--01-30-2012
Posted on 01/30/2012 7:20:55 PM PST by appeal2
David A. Banister is among a small select group of technical traders who saw the current breakout in gold before it occurred and was well positioned to cash in on it. David doesn't blindly follow technical indicators off the cliff, but rather follows them while keeping the fundamental picture in view. Using his proprietary indicators, he's discovered a number of resource plays that have led him and his subscribers to profits. In the 4th quarter of 2011, he felt gold was being overbought due to its parabolic rise and called for a correction, that proved uncannily correct.
Now he believes the opposite case is true, and he's calling for a resumption of the bull market, probably heading up to 1880 and even higher. While there's a lot of noise in the day to day markets, the rising trend is unmistakable, and we will probably see record prices sometime during 2012 and beyond. So buckle your seat belts and get ready for the ride. It's going to be a rough one. But Dave believes there's great potential in many of the resource stocks, including gold and silver miners.
Listen to the Interview
I do work on the ‘side’ for some businesses, and have considered demanding payment in Gold, rather than FRNs. How would one go about reporting that on a 1099?
Six months ago GLD sold for 168.61. Today it closed at 168.97.
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