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The Stock Market Going Forward & Gold Breaks 1000 - Mike Swanson (09/16/09)

Submitted by Mike Swanson on Wed, 2009-09-16 06:04.

I don't know if you remember but a week ago I sent you a post saying gold was breaking 1000 an ounce and about to begin another leg of its bull run. Well as I type this its now trading at 1020 an ounce and the gold stocks are going nuts. Of course it may not open there, but that is where it is at 6:00 AM EST.

Today I give you a brief overview of the stock market going forward and talk to you about what I think is going to be the hottest sector for the rest of the year - gold stocks. Gold just broke 1000 an ounce and gold stocks are rallying strong. I'm looking for a dip though in gold stocks and the broad market sometime in the October-November time frame which will provide a great buying opportunity for a powerful end of the year rally




Two big announcements.

I'm putting together a guide about how I pick out stocks like NXG before they make big moves. This is the method I used to go from having $7,500 in my account to having over $100k in a little over a year when I first started traded. I'm going to give this guide to you free in a few weeks and it can change everything for you in the stock market or boost your account.

Also I'm going to open up the WSW Power Investor Service on the very last day of this month to 500 more people. Will have more details about that in a few weeks, but just wanted to give you a heads up.

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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.

Now I cannot promise you that every stock I find will go up in value. I can’t promise you endless 100% returns as others claim they do and as all the disclaimers say past performance does not necessarily predict future performance and you can lose all of your money in the stock market.

This is reality.

What I can promise you is my dedication to doing the best I can for you.

You see the key to making money over the long-run in the stock market is to manage your risk. Once you sign up to my newsletter I’ll send you a series of educational videos and writings showing you how I use stop-loss orders to cut any potential losses and how I use my two fold formula system that combines fundamental and technical analysis to pick stocks. My goal is to risk one dollar to try to make at least three dollars in my trades by looking for stocks that are priced cheaply on a valuation basis, have high earnings growth, and have excellent chart patterns.

So join my list below and let me help guide you on your journey in the stock market.