Profit Confidential, the financial newsletter that caters to more than a million investors in 140 countries around the world saw the first light of its day in the year 2001; courtesy, its founder Michael Lombardi. Globally renowned for his commentary on the financial situation in the world and U.S. in particular, Michael has earned the recognition of being an accurate predictor of five major economic events in a span of the past ten years. In the year 2002, he advised his readers to invest in gold and related investments. In the year 2006, he asked them to stay away from the housing market. That the latter months of 2007 would have to unfortunately bear the brunt of recession was accurately forecast by Michael. He also directed his readers to refrain from stock investments in the fall of 2008 and to re-enter the stock market in March 2009.
How precise were Michael Lombardi’s predictions! It can be gleaned from the information given hereunder:
In the year 2002, gold bullion trading was done at under $300.00 an ounce. That was when through his newsletter Profit Confidential, Michael advised readers to purchase gold-related investments. His newsletter dated December 13, 2002 mentioned that since January 2002, he had commenced the purchase of gold shares, before which, a month ago (since December 2011); he had been pushing gold bullion and gold shares.
