Tuesday, November 10, 2009

Buy penny stock gold mining companies

I think Jim Sinclair is correct and that people will be hunting for big speculative plays. If gold is here to stay, then the year 2000 for high techs will be chump change as gold mining companies will be considered, in an early stage, as financial institutions were once. 1-10,000% should be the peak on them.

If that is an exagerration then please review the year 2000 bubble where high tech companies with virtually nothing jumped from$1 to $300 per share.

Lets see.

Of course, the dollar and financial confidence may crash and that is something I do not want. But a bull market in inflation plays appears to be the long term trend currently.

CDE should be a $200 stock.

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