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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.
We encourage all readers
to sign up for our free weekly email.
Dudley Baker
PreciousMetalsWarrants
Also
by Dudley Baker
Dudley Baker is the owner/editor of Precious Metals Warrants, a market
data service which provides you with the details on all mining & energy
companies with warrants trading on the U. S. and Canadian Exchanges.
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