One of the things that I'm bullish on right now is Gold Stocks -- stocks in companies to do with gold and mining. Since the Chinese have been making a lot of money with the U.S. trade deficits, and since they like to buy gold reportedly, I'm looking for gold to continue being bullish.
Will gold prices continue to rise? Who knows, as they've gone through the stratosphere recently. However, even if gold prices stay steadily at higher levels, gold companies should look to see their profits stay high, even as other sectors of the market sag.
Evidently even Cramer agrees with me. LOL
"Cramer said gold was up 24% last year and thinks it has not finished going higher. His picks tonight for the shiny yellow stuff are the SPDR Gold Shares (NYSE: GLD) ETF, and then in miners he likes Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Eldorado Gold Corp. (NYSE: EGO). Cramer even addressed the new small-cap Market Vectors Junior Gold Miners (NYSE: GDXJ) ETF for exposure. A brief explanation of each and his more general reasoning is below."
http://247wallst.com/2010/01/08/jim-cramers-gold-stocks-for-2010-gld-fcx-ego-gdxj/
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