Other than on this forum, I haven't heard anyone bullish on gold (except Richd Russell). I speak to half a dozen brokers - none of them bullish about it particularly. The man in the street isn't talking about it and there are no stocks running like in the various other booms we have had.
Tried directing your super into gold? The super plan I am in has a choice of over 50 investment funds - not one with any decent exposure to gold.
If this is a gold bull run, we are at the very very beginning.
Richard Russell says that the possibility of US deflation is pushing the price, not war in Iraq.
Why is a US$1,000 gold price so outrageous? In 1980 it hit over US$800 because of the iran Hostage crisis. that must be equal to US$2,000 in today's terms.
I'm not saying it will happen, but I feel inclined to have avery strong bias in my portfolio towards gold stocks at present. The lack of strong movement in gold shres over the past few weeks in the face of rising POG indicates just how great is the level of scepticism about gold at present.
What i am saying is that if investor sentiment really does turn bullish, we will see some spectacular moves.
I can't figure the best leveraged entry point. Is it a major like NCM/LHG, even using a Share protection Plan (expensive, but good risk return ratio if a big move), or is it a junior speccy? As previous posters have pointed out, it is important with producers to know their hedge positions.
I hold CRS since last Feb (and intend to continue holding.) and small holdings in DIO and GTMO.
