Where the immediate growth is

Posted on May 15, 2006 , filed under Stocks | Print This Post

I believe the areas with the largest growth potential in the short term, 3-6 months, are:

1) Gold
2) Country Funds

Gold is just in bull mode and it seems I can’t afford not to get in. I predicted a correction more than once but it seems like gold is in a perpetual bull mode now. I believe we might see gold pass the $850 mark this year. I still believe there will be some sort of correction in the order of 5-10% from today’s prices before gold breaks its historical high. Gold is currently trading at $718.40.

Country Funds are actually closed-end funds that trade like a normal stock. If you look at Country Funds many have posted gains of 50-100% in a very short period of time. With Country Funds you are basically betting that the entire countries economy will do well. Eastern European and some Asian funds have performed particularly well. I will post a list of funds that I would recommend as possibly gaining 20- 50% over the next 3-6 months. This is a high growth area that is simply exploding with opportunity. They go up fast and they drop fast similar to tech stocks in the 90′s.

I’m a bit late to the party in both areas. I will try to identify some opportunities that still exist since I think you can basically pick almost anything and expect it will go up in these two areas as long as you pick in the right sectors. I like mining or physical holding companies for gold and emerging Asian markets that are showing solid signs of economic prosperity. I will post a list for the Country Funds I am watching.

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