Wednesday, September 22, 2010

Gold makes new high

Gold made a new all time high again today. Gold is now overbought on a short term basis (however it can stay overbought for some time) so I would wait if I was going to commit any new money to the metal as I do not like to chase markets higher. However long term it is going higher. The gold stocks are finally starting to have some nice reactions to the gold price. I think it may be beginning to dawn on people that gold mining companies can do some serious cashflowing at this gold price. I have quite a few undervalued gold mining companies profiled in the Actionable Intelligence Alert.

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