Ok I'll bite.
I see the DOW retesting 11900 again within the next two weeks. I won't offer an opinion whether or not it holds, but I do think the recent 3-day rally will run out of steam tomorrow or Friday and we head back down next week.
Gold stocks look good here as well as select silver stocks, but I think they will dip along with the correction I anticipate, providing a great opportunity to load the boat.
Silver and small-mid cap silver producers are my favorite plays for the year, followed by near-term gold producers, then possibly uranium stocks picked up after a correction. I am staying away from everything else because I do believe a long term secular bear market could start anytime soon, possibly with this correction (although I wouldn't count on that). I do see markets returning to single digit P/Es and high yields as in the late 70s early 80s. So you could call me a bear I guess, but I don't feel like one. I'm insanely bullish on silver stocks and certain gold, nickel, base metals, and uranium stocks.
I also think CBM stocks are bottoming here and as a group could go up 100% by year's end.
'Course, I could be wrong about all the above, but that's my take on the markets for now, let's see what happens
I am currently 35% silver shares, 30% gold & base metal shares, 35% cash.
- C |
