Precious metals are the place to be!

The following comments were sent to Myra P. Saefong, Financial Writer for Marketwatch. com, at 9:02 AM, CST:
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The year 2005 has provided us with some great markets and some great trends to trade. The Precious metals certainly rank at or near the top of that list. I believe that "we ain't seen nothin' yet". This year has just been a warmup for 2006. The Perfect (Financial) Storm is about to come raining down on us and the Precious metals will be the place to be in the coming year. Record high debt levels, both public and private, a housing debacle that is currently underway, the return of "Stagflation", and a sharply lower stock market will turn the Precious metals sharply higher and possibly to new all-time highs. I'm sorry to have to be such a "Grinch" on the last trading day of the year but I have to tell it as I see it. America's standard of living has been artificially supported for way too long and this has allowed the average consumer to spend like there's no tomorrow, using their homes like ATM machines. When the speculative froth begins to evaporate (it already has in some areas) the result is going to be too much for the economy to stand. We've been living high on the hog for too long and we're about to experience the flip side of our largesse. Markets go up and markets go down. Hold on to your Gold, Silver, Platinum, Palladium and Copper. These are the markets that will pay huge rewards and keep you out of harm's way in 2006.

Happy New Year!

Dale F. Doelling
Chief Market Technician
Trends In Commodities