Gold Stock Alert:
We are in a Gold Bull Market
I began warning of an impending decline in the stock market and a gold stock correction about the 20th of September. I may have missed the top but not by more than a few days. And on the 14th of October, I suggested that it was once again safe to be buying gold stocks. Again, I didn't miss the bottom by more than a few days.
Sometimes I am not clear in what I say. It's entirely possible that if you have been coming to this site for 16 months that you have missed my primary message. If so, I'll repeat myself.
WE ARE IN A GOLD BULL MARKET
That's about all you need to know about investing today. The Federal Reserve has declared war on the dollar and if there's any significant manipulation going on, it's manipulation of the dollar over a cliff. If you have been engrossed with what is going on over on the tech stock side, forget them, they are about to do another run to the bottom. Another bottom and then another and then another. That's going to go on for years. But on the gold side, we are in a bull market and it's going to last for years.
Gold has made
a lurch for $330 some 7 times now and failed to close above that
number. My gut tells me that's about to change. I was comfortable
suggesting getting some cash available in September, it had all
the signs of a minor top in a bull market. Today is not a top,
therefore we are going higher. I don't know how many people actually
watch the volume on the gold shares but it exploded last week.
The funds are back and back in force. Gold stocks are going higher
and I think gold will pass $330 and $340 and maybe $350. If you
want to know exactly where gold is going, watch the dollar. The
dollar is the inverse of gold.
He was a buyer of Silverado at I think $.13 a share and wanted to know what I think of the stock. Since it's one of the high fliers of the year, how could I do anything but love the stock? So I told him to sell some at around $.75. It simply doesn't make any sense to have a stock go up 450% and not sell at least enough to cover his initial investment.
You marry a mate. If you are as lucky as I am, you get a world class lady well worth keeping. And she keeps my feet warm at night in our cold winter weather in Miami. You find a good mate, keep them for life, they are wonderful to wake up to.
You don't marry gold stocks. My biggest mistake in the past two years is not taking good profits when I had the chance. I've done well but I could have done better. I sincerely believe the next two to six weeks is going to bring a lot of profits to holders of gold shares. When it happens, think of selling some. Don't ride a stock up 300% and down 66%. Sell at the top and buy at the bottom.
I'm not a guru, I don't believe in gurus. I'll do my best to tell you what I think but it's just an opinion. If you see something that I miss, take action on it. I miss lots of things. But you were warned of a top in September and a bottom in October. Stocks are getting over a nice healthy six month correction and are headed higher. Much higher in some cases. I have covered before the stocks I like now.
If you didn't buy then, buy now. And get ready to sell after a big move up.