Saturday, September 3, 2011

Looks like gold stocks are finally breaking out

Click on image to enlarge

It appears the gold stocks are finally breaking out to the upside after spending almost a year in a trading range. This is welcome news for long suffering holders of these stocks especially considering that the gold price has been trading north of $1800 per ounce. My view is that it is not outside the realm of possibility for the HUI index to run up over 50% or more on this move. Certain stocks could move over 100%. I have been buying select junior producers to take advantage of this move. You can get my current gold picks by subscribing to the Actionable Intelligence Alert. The first three months are free.

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