We along with several other
analysts have been looking for an upside breakout in gold. Today, October 6th
we got that breakout with gold exploding to over $1040 an oz into new high
territory.
I ask the question, jokingly, What
Will You Do When Gold Hits $1200 an Oz, because we know that many
investors are not even in the game as yet.
As many readers and investors
are still saying, 'I'll just watch for now', well, we have to
laugh. Many (hopefully not you) will be watching as the price of gold,
silver, the majors, the juniors and even the dogs and cats catch on fire. We
know how this story ends, don't we? As soon as the average investor loads up
his portfolio at outrageously high prices that is when we will be approaching
a top.
If we make $1200 or beyond on
this move up it will no doubt be an opportune time to take some gains off of
the table for those of us already invested (at much lower levels).
Our view is that this rally is
not going to be a straight run up to the top (it never is) and we will have
to make many decisions along the way. But always remember, you can't sell
high, if you didn't buy low.
The low prices for gold and
the juniors are now behind so investors must make some good decisions from
here on out instead of just throwing darts at the board. It's not too late;
you just have to be smarter and more careful as prices continue to rise.
The good news is that we see
must higher prices for gold, the junior's, even the dogs and cats in the
coming 18 months or so. Lot's of time for you to get involved and ride this
wave.
For those readers unfamiliar
with our services:
- PreciousMetalsWarrants.com
provides an online database for all warrants trading on the natural
resource companies in the United States and Canada.
- InsidersInsights.com tracks
the buying and selling of corporate insiders with a focus on the junior
mining and natural resource sectors. Buy and Sell Alerts are issued as
deemed relevant based upon our analysis.
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