Since many of the gold sector stocks are already trading at the higher end of their 52w price range, that should be a signal that money is and has been slowly flowing into the sector. So, many sector stocks are moving up when the pog is at best, flat.
If you are asking me if/when gold will make a sustained move into $300+, that is up to the central banks, they control the market totally, through lease rates. It sucks, but that is the way it is, unless/until some big players squeeze them, or some currencies start to melt, on a larger scale than Brazil or Argentina, which are melting anyway, this minute.
For me, I would play the triad, futures, some of the penny stocks, and their big brothers. For most, probably playing the big brothers makes the most sense, with maybe a few of the penny plays for the wild card. I put a list here some time ago, maybe someone can post it?
All of this paper money creation has to be worked out someway, and the metal sector is one way to play it.
BPRX another nice flip-day.........almost too easy...
See you all after lunch, going sailing on a perfect summer day on Lake Geneva............... |
