Raw Greed midday update

Posted on January 6, 2006 , filed under Stocks | Print This Post

BGO, Bema Gold Corporation has met my price target of $3.50 much faster than I anticipated. BGO traded as high as $3.69 today. If the dollar continues to fall and gold continues to rally, I expect to see BGO reach $3.75-$4 by the end of the month.

TSM, Taiwan Semiconductor Manufacturing Company Limited and UMC, United Microelectronics Corporation are continuing to rise as I expected. As soon as numbers are released for the end of 2005, I expect things to get even better for both companies. Even the UMC chairman resigning, can’t stop nearly 100% utilization at UMC and a burgeoning global need for outsourced microchip fabrication. I believe UMC is still a bargain at today’s prices.

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