Friday, February 26, 2010

Eldorado Gold (NYSE:EGO) in Gold Bull Market

Eldorado Gold Bull Market

With holdings in a number of European, Asian and South American countries, Eldorado Gold (NYSE:EGO) looks like a good play in the ongoing gold bull market.

There is no doubt with recently released data from the Labor Department and Commerce Department of the United States that the recession is continuing on, and gold will continue to be one of the few reliable and predictable places to put your money in the mid-term.

Along with that, the Federal Reserve and Ben Bernanke refuse to stop their money printing press, and so inflation is inevitable, and along with the sovereign debt issues in a number of countries in the European Union (PIIGS), gold will continue to be a safety haven for some time to come.

Eldorado Gold (NYSE:EGO) is in a good position to take advantage of those realities and will perform well for investors.

Eldorado Gold Bull Market

1 comment:

Gold said...

As a person who is very much concern about my gold investments, it is always important to seek updates about world's economic and gold conditions. So, thank you for letting us know about this.