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.
For the past year we have seen records of all kinds made in the economy and stock market - from the depth of market crashes, to heights in the price of oil, big rallies in the stock market, and now a big drop in consumer prices.
With yesterday's historic Fed move and the wild action we have seen in gold the past few months a lot of people have been asking about gold stocks. Since 2002 I have been in and out of the gold market, catching some of the great moves we have seen in the past few years and becoming known as a big believer in the long-term secular bull trend in gold.
I'm in the Bahamas right now visiting with Dave Skarica of Addictedtoprofits.net. We are making some videos about the market and for the website. We also are planning an investment conference for next year that we'll talk about in more detail in a future video. I'll be back really soon and don't plan on going anywhere else for the rest of this year.
On Thursday right before CNBC reported on rumors of the bank bailout plan, Ben Bernanke was meeting with lawmakers and selling the plan to them. Inside a conference room that is part of Speaker of the House Nancy Pelosi's office he was meeting with the Congressional leadership.
I went out of town last week to the Resource Investment Conference in Las Vegas. I'll get to that in a second, but so much is happening that this is going to be a longer message than usual. This weekend we are seeing Lehman go broke, Merrill Lynch in a desperate buyout, AIG try to fend of bankruptcy, and a frightening gap down in the market this morning.
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.