The stock market finally got back to where it started at the beginning of the year. Gold is down recently but still up over $300 for the year. Interest rates are at historical lows. What do you do? Most safe havens aren't safe any more and if they are they give very little return. Protests and down graded governments all over the world don't make you feel any better about investing. Markets up-down and all over the place. New mattress to hide my cash please!
At EconIntersect we love trading trends. That can be a difficult task at the moment. We still think gold, silver and their equities offer a good chance of appreciation. This may be a good chance to acquire stocks and physical metals on the recent softness. We believe they are going higher in the future, so even if the metals didn't hit bottom yet you should not get hurt acquiring them if you hold for the longer term. Our favorite gold stocks are NGD, EGO, IAG and NG. For silver AG, EXK, SVM, and SLW. Two juniors we like are BAJ and NAK. NAK traded above $21 earlier this year and is around $7.50 now. Below is the chart for gold.
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