Mike Swanson's picture

Gold Stocks Rally - Mike Swanson (05/22/09)

Yesterday gold and gold stocks rallied following a dip in the stock market and US Treasury bonds. Gold in fact went to its highest price level since March. It appears some investors are starting to go into gold as a safe haven. Gold stocks are benefiting as a result using simple stock trading strategies.

Investment in the SPDR gold trust ETF, the biggest gold backed exchange traded fund, was unchanged yesterday.

This is a good time to start to look for new gold stock picks. Gold stocks usually do good at the end of the summer in their seasonally strong time period.



[Most Recent Gold Stock Quotes from www.kitco.com]

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