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Stocks set to add to yesterday's loss at the open

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  • AndrewBaker
    , contributor
    Comments (2368) | Send Message
     
    Maybe this is the correction that's due. Whether it is or not, with gold down as much as it is, now's a good time to buy either physical gold or gold mining shares [perhaps an ETF like Market Vectors Gold Miners (GDX)], which are a geared play, as any rise in the gold price gives the miners a greater percentage profit on their mining costs.

     

    The market can take a 5% correction, though it may get to be more through panic selling, but on the whole, I see this as the precursor to a five year bull market for equities. The markets have not been moving up recently just because of QE, but also because business conditions are improving, so companies will make more profits and be worth more. And if we're going to get inflation any time soon, then investing in real assets such as profitable trading businesses and corporations is a no-brainer necessity, IMHO.
    12 Dec 2013, 08:47 AM Reply Like
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