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Shine On Gold, Shine On
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Inflation is fast becomming a runaway train and it will be hard to stop. Today oil closed at over one hundred dollars a barrel. Oil, gold, platnium, copper, and grains are making new highs. And we're worried about a possible slowdown or a recession? Does anyone think that a recession will improve the inflationary outlook? Will all of those global commodities just drop because the USA has a consumer slowdown? Folks, get real. We're in for more inflation spirals because the FOMC will probably cut rates at least one more percent before this summer. That will cause the dollar to drop, and gold and other commodities to rise even more. There's lots of ways to play this out. Load up on the gold mining stocks: Newmont, Barrick, Goldcorp, Kinross, and Yamana. There are others so do some research, but don't go too small. There may be some takeover possibilities in the smaller mines, but tread carefully and do your homework. Some mines hedge gold and some do not. The mines that hedge agree in advance to sell at a fixed price sometimes a year or more out. The mines that do not hedge go with the current prices. These mines have the most upside when gold is rising like it is now. It costs between 350 and 400 dollars to mine an ounce of gold according to the annual reports I have been reading. When gold sells at nine hundred an ounce, the potential for profit looks pretty darn good. You can also own the metal now through the ETF. Personally I believe the mining stocks have the best upside, but either way gold is a winner. If you want to do a little more research on the gold subject, google the US Gold website and start reading. The charts and the other details are quite informative and give a thorough explanation of gold's relationship to the stock market. US Gold is a small company, but the CEO is the former CEO of Goldcorp and brings years of knowledge and experience to the table. The web site is informative and offers lots of information to those seeking to learn about gold in general. | ||
