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Gold: A Quick Update

Gold Chart 25 Nov 09.JPG
The chart is courtesy of

After the close in New York gold continued to head north and although at a slow pace it is good to see it making steady progress as the above chart shows. If you have held stocks for some time you should be seeing some improvement to your portfolio as the precious metals continue to sparkle.

The Gold Rush on CNBC is worth a watch, the guests see gold going higher, however, they throw in enough caveats to cover themselves just in case and their recommendations on how to invest $1000 was way beyond our comprehension. However, its good to listen to alternative views in order to appreciate both sides of the debate, just click here to see it.

To feel a little better you might want to listen Jim Sinclair, an interesting take on the 'staircase' rise in gold-prices, just click here.

For those of you who just cant stomach our all out approach to precious metals and their associated mining stocks you might want to consider buying some well 'out of the money' long dated Put Options. Should gold and silver drop then the Puts would appreciate and cushion some of your loses. This way you can still hang onto your core position and sleep a little better knowing that you have some insurance against a fall.

Are we buying Puts, Nop! we are still looking for gold and silver to run higher and close a lot higher come News Years Eve, a position that we have not changed and constantly have reiterated of late.

Hold on tight it is still going to be a white knuckle ride so please don't go too crazy on any one particular stock or vehicle, make sure that you can live to fight another day.

Finally, please, please, please, comment on our articles, they are really useful for us and our readership, thanks!

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Reader Comments (4)

Good post !..i am a closet gold bug ...and silver also..I believe we are going much higher , Thanks to the govt. aka: timmy'' & bho , of course bernake as well . THE MONKEYS ARE RUNNING THE ZOO , THEY ARE DEAF TO IT`S 'INMATES WISHES !..DO NOT SELL , TILL THEY ALL GET VOTED OUT !!

November 25, 2009 | Unregistered Commenterbonbon

Nothing much to say, but since your plea for comments as being useful to you hits a soft spot for me (as an content provider myself), so I thought I'd just chime in and say your frequent commentary helps me make some sense of what's going on.

Thanks for the posts.


November 25, 2009 | Unregistered CommenterGreg Craven

I agree...As along as Obama and his cronies continue on there path, which is more spending. More than the last criminal administration, which is hard to digest. Gold and silver are going to continue there rise. THe $ has no place to go but down...Heres to ssri continuing up at a fast pace. Im in a bit of trouble on that one...Gary

November 25, 2009 | Unregistered CommenterGAry

Thanks for taking the time to comment it does mean a lot to us, so please keep em coming whenever you can.

Thanks a million.

November 25, 2009 | Unregistered CommenterGold Prices

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