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Top Stock Picks '09: Market Vectors Gold Miners (GDX) |
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| Jan 06, 2009 05:30 PM UTC |
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Via BloggingStocks:
Filed under: International markets, Newsletters, Mutual funds, ETF Investing, Commodities, Stocks to Buy, Best Stocks for 2009 This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Most markets fell sharply in 2008 as the financial crisis intensified. Gold shares were especially hard hit as gold and the stock market both declined, increasing the downward pressure on these stocks. "Currently, all of these markets are bombed out and extremely oversold. This means that stocks and gold are poised to move higher, and gold stocks will indeed benefit on both counts. "Demand for physical gold has been incredibly strong in the last quarter as prices fell during the credit crisis squeeze. You'll remember that gold, like most assets, was sold during the deleveraging when selling was rampant. Continue reading Top Stock Picks '09: Market Vectors Gold Miners (GDX) Top Stock Picks '09: Market Vectors Gold Miners (GDX) originally appeared on BloggingStocks on Tue, 06 Jan 2009 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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