Catastrophic Events in Europe to Affect Your Investments, According to Leading Financial Newsletter Profit Confidential
According to popular financial e-newsletter Profit Confidential, recent catastrophic events in Europe will affect your own investments. Germany's bond auction resulted in the failure to find buyers for 39% of their supply. This was followed with an Italian bond auction that yielded rates more than double from October, in addition to Portugal and Hungary's debt being cut to junk status
- Bellingham, WA (1888PressRelease) December 06, 2011 - "This past week was a scary sign of things to come for all European debt," says Sasha Cekerevac, contributor to Profit Confidential.
These were among the worst auctions for the European debt markets since the eurozone was formed.
"It was a complete disaster," writes Cekerevac, "People are scared to invest in European debt. Now this fear has spread to Germany, the strongest nation in the eurozone."
The failure to get investors to buy bonds is a sign that trust in the leadership of the eurozone is lacking. This also pushed the currency down and all European debt.
In Profit Confidential, Cekerevac states, "If the political leaders are not trustworthy, then you will dump their currency. We're not talking about a small country, but an entire continent."
Last quarter, central banks around the world made some of the largest purchases of gold over the past 40 years, according to the World Gold Council. Cekerevac writes, "If the global recession continues, people will question the eurozone's ability to repay their European debt, which makes the global recession even worse. The whole situation continues to spiral out of control."
Investors selling their European debt is a sign that investors are bracing for possible defaults by eurozone countries. Profit Confidential has consistently warned its readers about the dangers in the market and how to protect their assets. Investors continue to worry that some of these European nations are too big to be rescued.
"There is no magic solution to save the economy," writes Cekerevac.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six