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There is still time to profit from the falling dollar. Pick up some gold mining stocks or the gold ETF and add a sprinkle of shares to your portfolio. Goldcorp should climb to 40. Kinross Gold should hit 19. Yamana and ElDorado are adding smaller companies and trying to get bigger. US Gold has good growth prospects. The bigger leaders are Newmont Mining and Barrick Gold. All of these mining companies will prosper in the future as the price of gold continues to rise.
There are several small cap gold mining shares you can research that trade on the Amex. Many of these range in price from three to seven dollars. As time goes on, there will be more consolidation in the gold mining business. If you pick a takeover company, you can reap even more rewards.
Have you noticed any inflation in your life? If so, you might recognize the importance of keeping up with it. Gold is in the first quarter of a long bull market. Set aside three to five per cent of your portfolio and give yourself a small position in the yellow metal. When the mining shares reach the target price, trim half of them and book your profits. Let the remainder ride a while and watch the inflationary trends.
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