The Fed Just Telegraphed: Buy Silver And Gold Now

By David Alton Clark:In October 2008 the precious metal plummeted 18% and subsequently rebounded 23% over the next two months. I accurately predicted this move in an article I wrote on August 24th. This is the eleventh 10% correction for gold since 2003. Gold has always bounced back and soared higher each time. Gold has been up 10 out of the last 10 years.

By David Alton Clark: The Gist Gold prices held above 1,670 on Friday after a rallying for the past seven sessions to five month highs. In July, European Central Bank President Mario Draghi stated the ECB was prepared to do whatever it takes to preserve the euro, advancing the EU currency versus the dollar.

Gold prices eased towards $1,580 an ounce on Wednesday as traders took to the sidelines ahead of the release later in the day of minutes from the Federal Reserve’s last policy meeting. Softer investor confidence in the metal after a fresh outflow from the world’s largest gold exchange-traded fund and a further forecast cut from Goldman Sachs weighed on prices, though a retreat in the dollar lent some support.

Jarred Cummans submits:As December rolls on, equities are making an attempt to claw back the ground they lost at the end of November and finish the year on a strong note. Although the first few days of the month saw markets surge, the rally has died down in recent days thanks to ongoing fears over the sovereign debt crisis in Europe. Yesterday saw markets finish relatively flat, while precious metals surged yet again as investors fled to safe havens.

By David Alton Clark:After a recent correction it appears gold's Bull Run continues fueled by recent news that China's economy may not be headed for a hard landing. Gold rose to slightly above $1900 in the last quarter only to come crashing back down to just below $1600. Now it has broken through its 200 day moving average and I posit will hit at least $2000 in 2012. This is the eleventh 10% correction for gold since 2003. Gold has always bounced back and soared higher each time.

By David Alton Clark:I am recommending you sell or significantly reduce your exposure to the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) and buy a basket of these six extremely oversold DOW stocks with great stories and positive catalysts. Additionally, these six stocks are trading at substantial discounts to consensus estimates.

By David Alton Clark: The Gist These precious metal stocks were originally on my radar in August. European Central Bank President Mario Draghi stated in July the ECB was prepared to do whatever it takes to preserve the Euro. This advanced the EU currency versus the dollar and created a reflationary trend which sparked a rally in precious metals.

By Tim Iacono: Precious metals bounced back late in the week after what was shaping up to be another dismal stretch for investors, gold turning in its biggest one-day gain in nearly a month on Friday while the silver price surged nearly two percent.