BE BOLD: Buy and Hold Gold
Wednesday, August 2, 2006 at 10:37AM
Gold Prices in Gold

As you know we prefer the gold mining stocks to holding the metal however, if you prefer to have the real deal in your hands then do it now. R.I.P. $500 gold.

We have to say that we extremely bullish on the yellow metal and gain more confidence with each day by our stocks performance.

This website leans towards those mining stocks that will be affected the most by any movement in gold prices. We tend to select those stocks, which do not forward sell their gold production, commonly known as hedging. An index of mainly unhedged stocks is collected together in the HUI index. Our objective is to outperform the HUI which means some of our stock picks will be riskier than most, although a few of them are constituent parts of the HUI. So, when deciding what to buy bear in mind that our selections could flop in a dramatic fashion or conversely put in a life changing performance.

At the moment we are looking for $850 plus by the year-end coupled with the gold mining sector playing catch up in a big way. News Year Eve will be champagne time.

However, when considering which asset class to invest in we are very bullish on silver and Uranium. Should you wish to read our opinion on these metals then just click on silver or uranium and you will see our sister websites.

02 August 2006.
Article originally appeared on Gold Prices (http://www.gold-prices.biz/).
See website for complete article licensing information.