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.

Gold is clearly headed to 1000 an ounce now. Last week we saw a key breakout in both gold and gold stocks, with many gold stocks up over 15% in just the past two trading sessions. The HUI and XAU both closed at new highs for the year last week too.

In a rare interview on CNBC Wall Street veteran Joe Granville said we are in a bull market that he thinks will last for two years. He also talked about when he thinks it is best to sell and what you should do as an investor. He also said is out of gold, but will buy back in if it goes through 1000 - which I think it can really do.

Jordan Roy-Byrne of Trendsman.com passed along his outlook for the rest of this year and 2010 for the stock market and economy. It is really interesting reading and he gave me permission to pass it along to you.

To read it click here:

Click here: Special Jordan Roy-Byne Report - Fiscal Outlook 2010

Before I get into what we need to think about this week for the stock market I want you to go back to last weekend and imagine what you heard people saying on television about the stock market. Did you hear negative talk or positive talk?

In an interview yesterday billionaire George Soros said, "the economy has actually bottomed and I think we are facing a positive quarter, and I think that is largely due to the stimulus."

I sent you an article a few days ago telling you I thought we were entering a cyclical bull market.

My take on the stock market changed last week, because I started to buy and recommend some stocks, something I haven't done in a long time. The economy is still bad and I don't see any signs of a real recovery yet and certainly not a sustainable economic expansion, but it appears that the stock market is just going to keep going higher anyway. I do not need to know why to make money.

This is the last video Dave and I put together from the Hoover Dam last week. It was 110 degrees when we made these videos. At home it gets around 90 degrees in the summer. That twenty degrees is a big difference!

Anyway, here is Dave's take on gold and the current rally.

Dave Skarica and I filmed another video at the Hoover Dam last week. In this video we talked a bit about how to use an investment newsletter. Both of us subscribe to several other services, read each others, and write our own so we have a unique perspective on this.