By Matt Badiali in Growth Stock Wire:
I think you're nuts if you take profits here.
I see gold stocks as a bet on robust gold prices. And robust gold prices are a result of the debasement of paper currencies happening all over the world.
In a mad dash to "save" everyone who can't balance a checkbook, nearly every federal government in the world is printing money like crazy... That should delay pain for a while, but the effort will eventually fall victim to the law that "there's no such thing as a free lunch."
At some point, paper currencies will head lower because of money printing. To show you how the market agrees with me, take a look at this one-year chart of one of my favorite gold companies, Goldcorp…
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