World Capital Solutions Tell Investors to Exploit Gold Price Dip
Released on: July 31, 2008, 11:35 pm
Press Release Author: Ed Mcmahon
Industry: Financial
Press Release Summary: Ignore banks and financial bear market rallies - buy gold on dips says World Capital Solutions
Press Release Body: The latest dip in the price of gold represents one of the last few opportunities to buy the precious metal below $990. That\'s the line reportedly taken in a note to investors at World Capital Solutions. The recent pullback from the 4 month high of $989 should be exploited because despite claims to the contrary, the deterioration of the US banking system has much further to run. World Capital Solutions\'s note points to the failure of IndyMac a regional US bank which failed earlier this month as well as the woes facing Freddie Mac and Fannie Mae, the two mortgage giants who guarantee over $5 trillion of US mortgage bonds as just two of the issues weighing on the system. Gold reached an all-time high of $1032 in March of this year before a sharp correction saw it drop to as low as $850 from where it has rallied to current levels but the World Capital Solutions outlook is thought to have gold achieving $1200 per ounce by year end. World Capital Solutions manage in excess of $25m on behalf of private individuals and invest in commodities and leveraged plays on companies operating within these markets.
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