Midas News
Falling dollar and negative corporate projections push gold as financial
safe haven.
Hemisphere Gold Inc (HPGI)
$1.14
"Bullish gold," said Zachary Oxman, a senior trader at Wisdom Financial.
"I think the Fed had a choice, housing or inflation, and they chose
housing. As such, you've got inflationary pressures running rampant
despite what the government tells us.... I'd peg real inflation at over
6% and I think that will continue to put pressure on the dollar and
increase gold and crude prices," the gold market continues to flourish
in the current economic turmoil. More investors are turning to gold for
stability in there investment dollars.
Hemisphere Gold inc. is fast moving into the spotlight as recent
announcements of finding gold on one of their properties in South
America has pushed shares prices up over 110% in the last 30 days.
No is certainly the time to move on HPGI as they are launching a huge
media campaign to investors next week and this along with the gold found
in South America will push share prices to new heights. Move on HPGI.
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