Monday, November 24, 2008

The Perils of gold stocks

Investing is a difficult business.

Investing in gold is evern harder.

Investing in gold stocks is foolhardy.

The bodies of gold stock investors litter the grounds at the gold-bug message boards.

The technical picture is looking better day by day for gold stocks but can one really be certain?

Gold newsletter writers will not help you. They were wrong. Horribly wrong. And they will never admit it.

Use your mind, watch the moving averages, volume and price action. Remember that bear markets take everything down, and that even gold suffers when people panic and move to dollars.

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