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Special Alert on Gold Stocks - Mike Swanson (10/10/06)

I'm sure you've seen that Gold had a breathtaking fall early last week.  But I want you to know that this is likely one of the best things that could have happened. 

For those of us who know how the gold market works, this presents a huge buying opportunity at incredibly DEEP discounts. Discounts that could make you and me very wealthy in the coming year. 
 
Sure, gold bugs are shaking with doubt and the mainstream media is saying gold is finished.  But have you ever heard the expression, "Buy when there's blood in the streets."?  That's exactly what's going on here.

So, according to mainstream media, How Bad is it?....

A headline story on TheStreet.com, the "'Smell of Fear' Hits Gold", quoted Woody Doorsey (Market Semiotics) as saying that there is no "reason to invest, other than for a short-term trade."

Even some of the regular gold bugs on Kitco are getting scared. I'm getting from emails from people who are in a total panic.

But now is not the time to panic!  Keep a level head. You need one to make money in the stock market. You know that.

Jim Cramer, Tobin Smith, and a lot of the other more popular mainstream WallStreet types were telling people to get in gold stocks last Spring, at the top.  Great advice, guys.

Now they are scaring people into selling. At peaks, everyone wants in and at the end of corrections it seems no one can get out fast enough. And just as they sell they tell everyone else to do the same.

It sucks! I hate it when I own a stock that I know is super-cheap only to hear some knucklehead on TV who doesn't understand the ins and outs of the gold market try to make people run for the door.

But that's the stock market. And you have to keep your wits about you. Don't get caught up in the emotional frenzy that these folks are trying to get you in. 

Keep yourself apart from the crowd. Use logic. That's where the real "Real Money" is!  Booyah!

Logic tells us that gold stocks are in a long-term bull market and have been so for a while.  And over the past few weeks they have been in a furious correction. 

But guess what.

ALL bull markets have corrections. Sometimes big ones. The few of us who use them as buying opportunities get rich. That's what you do in bull markets, you buy the dips. And boy has this dip put some gold stocks on deep discount.

That means opportunity for you and me to get in CHEAP! I'll buy those shares from the followers of Cramer and CNBC. And next year I'll probably sell them back to those very same people at the next top.

Ok, so here is what I want you to do now....

Take a deep breath. Relaaaax.

Several weeks ago I sold out of almost all of my gold stocks and informed all WSW Power Investors of my actions. I warned them that a deeper correction was coming and many of them positioned themselves to take advantage of this dip. They either sold some of their positions or raised some cash to deploy on the next bottom.

I've been watching the action carefully for the past two weeks for signs of a bottom. I have felt a few times that we hit one. But I didn't jump back in because I saw no technical confirmation.

I'm still in cash.  I'm still watching and waiting, but we are closer to the moment to buy than ever. It could come at any moment.

Once these gold stocks bottom they are going to rally at least 30% before the end of this year. That's a huge gain and there is no reason you shouldn't be apart of it.

If you are sitting on gold stock losses, relaaaax.  We are near the bottom.  Relax and get ready to double down. If you have cash, be grateful for this opportunity. Maybe you missed last year's big gold stock run.

Don't miss this next one. It's going to be incredible.

I know that's not what the crowd is saying right now. But they're too wimpy to act.

And when it comes to the market, the crowd is almost always wrong anyway. So I want you to seperate yourself from the mindless herd and start making money! 

I know it's hard to step out on your own and move away from the herd if there's nowhere to go. That's why I've created my Power Investor Service.  If you are tired of following so called "gurus" on TV who say one thing this week and a different thing the next, and you are sick of losing money because of their bad recommendations, then Power Investor is for you.

Take your 30-day RISK-FREE trial to WSW Power Investor now and you'll find out which gold stocks I buy and exactly when I buy them - and when I sell them.  Click here to get started:

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