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Gold stocks break through critical technical level...
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Thursday, May 14, 2009
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By Brian Hunt in DailyWealth:

Our inflation hound is barking.

Back in December, we recommended buying gold stocks as one of the best ways to play a market rebound. That position - the gold stock ETF (symbol GDX) - is up 65% since then. But there's something more important happening here than a simple rebound trade...

Gold stocks are also our "inflation hound." Gold stocks rise when folks get worried about government money printing... when inflation threatens to wipe out the value of their bank accounts. Just yesterday, the GDX broke out to a new nine-month high...

Read full article...

More on gold stocks:

One of the Crux's favorite investors is buying gold and tech stocks

World's top money manager goes waaaay long South African gold

Should you sell your gold stocks right now?

Topics: Gold | Inflation | Commodities
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