Friday February 03, 2012
by Curtis Hesler, editor Professional Timing ServiceThe secular bull in gold and the commodity sector is not over. However, it is not at the ground floor any longer either; as such, stock selection must be more carefully considered.
The real ride will be during the last 10 to 12 months of the bull market. The end of this market will see all the mining shares explode on the up side. That will be during the velocity stage.
Use weakness and invest for future new highs now while there are still decent buys to be had. Accumulate using weakness, and be sure to diversify and balance your portfolios.
I fully expect to see new highs in gold bullion this year that will far outstrip cost increases. If you want a forecast, I expect $2,500 bullion during 2012. It is also possible that this forecast will be grossly shy of the mark.
The result will be some huge bottom line profits from producers like
Goldcorp (
GG). The company has a bright futures and is selling below our downside buy price.
Indeed, Goldcorp is my favorite major producer, and it is a buy up to $50.00. If you want to accumulate some deeper, you might try for $40.00.
While you sit tight until the ultimate highs come in, GG is paying 1.22% and has already raised their dividend once since initiating it, and it pays monthly.
Learn more about this financial newsletter at Curtis Hesler's Professional Timing Service.
