A Big Pop for PM Stocks

dots Posted on September 20, 2007 , filed under Stocks | Print This Post

If you look at pre-market action, everything is far up and the stock market is enthusiastic about strong physical prices. I expect that we may see a strong open followed by a bit of profit taking. The important thing to pay attention to is that we have broken a 28 year high for gold!

I can recommend buying on dips or purchasing a small position in a 2009 call options, if available, to gain exposure to gold and silver stocks. I expect to see continued strength throughout the end of the year. All the charts look promising and we are at the beginning of a new uptrend.

If you are interested in gold and silver stocks make sure to check out my precious metals watchlist.

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