Hey guys, Luke Burgess here. I'm writing to you today from beautiful British Columbia.
I'm up here for the next few days meeting with the entire Wealth Daily staff. We've already discussed several issues including, the most important to you, the direction of our recommendations in 2006. And not only Wealth Daily's recommendations, but those across the full spectrum of our services.
And we've all came to the same conclusion. 2006 is going to a blockbuster year!
Now I know that this is exactly what you'd expect me to say. But let's look at the facts.
Let's start with the Dow Industrials.
Ok so I'm sure that you know that the Dow closed above 11,000 this afternoon. Now the 11,000 number really doesn't have any historical significance. But technically, it's important psychologically.
And that's the big deal with Dow 11,000.
The 11,000 level will attract more people into the market hence pushing all stocks higher on a very broad basis. And that's good for everyone's stocks including our recommendations.
So, in a general sense, we believe that 2006 is going to be quite nice to the market.
But this is just one bullish signal we've looked at. Let's talk about a few more.
Now as many of you know, several of our stock recommendations are on the Toronto Stock Exchange and the Toronto Venture Exchange. And everyone at Wealth Daily is quite bullish on the Canadian market as well as the Canadian dollar.
The TSX and the TSX-V are currently around all time highs. We believe that this is just the beginning. Just take a quick look the three year charts from both composite exchanges:
The Canadian market is in hyper-ballistic mode right now. That means that all of our Canadian recommendations are going to return some nice profits throughout 2006.
Now that's a general bullish signal for several of our recommendations. Let's get a little more specific.
The recent 4-year high on the NASDAQ supports the New American Investor and my Archimedes' Lever general thesis that tech stocks are starting to make a comeback.
Take a look:
And I haven't even mentioned the Russell 2000. The small cap index is trading at all-time record highs. All-time!!!
On the commodity side of things, the quarter century high in gold supports Mike Schaefer's long standing bullish stance on gold.
Now let me tell you, last night we all went out to dinner together. Over a pint of the local lager I talked with Mike about his new gold prediction. It blew my mind.
I hear a lot of jokers making gold price predictions. But here's the difference between them and Mike. Mike's always right.
We're going to be telling you more about Mike's new gold prediction a little later on.
Before I leave you today I want to quickly mention Archimedes' Lever. Our portfolio is already up 13% for the year and is up an average of 40% since the letter's inception
Candela, my medical and cosmetic laser play, is leading the portfolio. Candela is up 60% since the initial recommendation.
But if you're familiar with Archimedes' Lever, you know that I think it's going even higher.
If you'd like join the thousands who are already profiting from the Archimedes Lever, you can sign up for free by clicking here.
- Luke Burgess
