If you haven't known by now, i always preach about the price of gold and the like. I'm going to continue with my decision that oil, energy, gold, metals, and commodities are going to be the places where money will move to. this of course is my own speculation, so i would not consider it fact or use it for your own personal benefit without doing your own research.
Currently, the markets (NASDAQ, DOW, SP, etc) are correcting. i believe this will only be for the short-term. once this correction is over, should it not be strong enough to maintain it's uptrend, i'll draw my downtrend line and look away from the equities market until the smoke has cleared.
As for gold, gold is back over 650. a correction is in order in gold and gold shares. buying now would be a wise decision. i can only see gold going over and staying over 700 this year. CDE, GG, TRE, AUY, and RGLD are the gold guys i'm watching. i expect those especially to do well, my favorite being goldcorp.
For all those wondering, i've closed my ears to many, if not all those people who consider themselves "experts" in financial markets. the markets are FAR too volatile imho for ANYONE to be an expert/master of the markets. my thinking is that we are all students with more to learn each day as the markets evolve. i'll keep this perspective until the day i die. it's always best to be humble, especially when dealing with financial markets. GL
Happy Trading
-zrvs
$4.37 (03/08/07)
