from expert Jack A. Bass
The media buzz about the new gold price all time high will attract money to the sector:
The AMP has selected our gold list for :
1) increasing production
2) increasing investor recognition and thus
3) increasing price multiples
NOT because we believe in of the imminent collapse of western civilization. What we do fear is a sharp rise in inflation in 2008 and I believe gold ( and oil ) will benefit as investors seek inflation protection in commodities.
This is one of the largest strategy changes i am writing about in the new edition of The Best Ideas for 2008 book. If you already have a copy I suggest inserting a copy of this market letter as a reminder of this new emphasis.
Following my own advice I bought more Yamana and CEE ( story below)
Juniors - Western Goldfields ( WGI) - new 52 week high last week.
It is a producer this month - just in time to sell at record prices.
Crossed into the $4.00 level fort the first time and I believe will rise 50 % over the next year.
Centamin
CEE is in Egypt and is about to become from one of the world's low price producers.
the stock has spent time below $1.30 - as I have mentioned .
The higher gold price has brought enough investor interest and volume to have that serve as a base for a sharp advance .
It is little known at this time.
Jack A. Bass is the editor of the market letter The Apprentice Millionaire
available at www.amprogram.com
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