February 28, 2007- Just a short addition to my last post. If you have NOT yet established positions in any gold stocks, with the world spot price of gold down another $11 an ounce from yesterday’s New York close, this is a great opportunity to do so as gold stocks are being dragged down by the general global sell off in equities. However, I would still exercise caution, establish a less than full position, and then keep adding to them on dips. However, if this correction in the global equity markets does extend out for a couple weeks or so, I do expect gold stocks to begin recovering sooner than global equities.
[tags]gold, gold stocks[/tags]
J.S. Kim is the founder and Managing Director of maalamalama, a comprehensive online investment course that uses novel, proprietary advanced wealth planning techniques and the long tail of investing to identify low-risk, high-reward investment opportunities that seek to yield 25% or greater annual returns.