Gold and Silver Stocks
Do Not Be Fooled by Gold’s Rise!
It’s happening—the price of gold is starting to finally make big gains and recently broke the US$1300/ounce threshold. Optimism is growing that we are done away with the bear market—we probably are. But there are cautions, as I indicated in my previous articles “we are not there yet.” What does this colloquial statement mean in terms of you profiting? Flash back to late 2009. Gold was ascending in price similar to how it has been the past few months. The real rise in both gold and gold related stocks as a whole started in early 2010. The entire sector went parabolic and precious metals investors were making money, hand over fist. The individuals who invested in these precious metal companies in 2009 were the ones who were elated. The investors who bought during the hype of 2010 and early 2011 are probably now sitting with these shares in their account waiting for the ‘breakeven point’. We are all guilty of buying high and selling low as we get caught up in the hype........
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