Buy Gold Stocks Only On Price Dips

Gold is closing in on $700 per ounce and gold mining stocks are surging. How high these stocks will go is uncertain but if you want to jump in, wait until prices have corrected.

Barrick Gold (ABX) is on a cyclical uptrend and should be purchased only on price dips.

AngloGold Ashanti (AU) reached an all-time high and then corrected significantly.

Goldcorp (GG) is on a unsustainable steep upside. Wait for a price dip to buy GG.

Gold Fields (GFI) is on a very steep upside after a significant price dip.

Agnico-Eagle Mines (AEM) is on a unsustainable steep upside. Wait for a price dip to buy AEM.

Posted May 4, 2006.