Gold At New High $602.40 @ 10:47 pm NY Time.
Yes, gold traded above $590 and pushed through temporarily to $602.40 as the Title says. The low through 11:21 pm was$592.20 at 10:53 am. This further confirms the bull market for gold. Silver is sprinting even faster and is $12.77 tonight,as I write. Gold is at $600.60, so it is hanging tough,as well.
The mining stocks were a bit sluggish during the day, but trading at an improved level over two weeks ago. They should join the sprint as the higher precious metal prices become recognized by more investors. Both metals will be much higher soon. The normal summer slump may not occur this year. Then watch the moves in September. Of course, more unrest in the world will make the moves even more pronounced.
If you have an interest in lower priced stocks, as I do, here are some you might examine BVGIF, MRDDF, EGPLF, MNEAF, and for uranium JNRRF. I still like DROOY, IAG, NTO, SSRI.
BUYER BEWARE! What I like and what I see as correct for me, may not be for you. Check each out before you buy.
Time for bed. Best to each, Doug
The mining stocks were a bit sluggish during the day, but trading at an improved level over two weeks ago. They should join the sprint as the higher precious metal prices become recognized by more investors. Both metals will be much higher soon. The normal summer slump may not occur this year. Then watch the moves in September. Of course, more unrest in the world will make the moves even more pronounced.
If you have an interest in lower priced stocks, as I do, here are some you might examine BVGIF, MRDDF, EGPLF, MNEAF, and for uranium JNRRF. I still like DROOY, IAG, NTO, SSRI.
BUYER BEWARE! What I like and what I see as correct for me, may not be for you. Check each out before you buy.
Time for bed. Best to each, Doug
posted by Doug @ 10:24 PM
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