Just a comment on gold action tonite. Though the COMEX has been open only a few hours, gold is up $10 already which is very unusual for this time of night. I think all the talk of gold being overbought is from those that don't understand the fundementals of gold and the US dollar.
The US dollar is on the ropes and unless some sort of interest rate/intervention by the FED,there is nothing stopping the precious metals. Silver is also up tonite an identical .8%. Nothing big in terms of percentage but very big in terms of timing of this. I think tomorrow could be a big day for the precious metals, something is up with the world currencies and the shakeout of the dollar will continue.
One more note, if you have ever looked back when gold went to $800 back in 1979 you may be too young to remember that there were many penny precious metals stocks that went from a dime or less to $300-400 per share on a half decent hit on results. That's no bull. I was just a teen at the time and it was incredible to hear of massive fortunes being made. I have one family member who made $2 million on just a couple of good ones, getting in early like with AHC. $2 million back then was like $10 million now.
I will find that list for you as not many will even fathom what can happen in a true metals mania. AHC is one I believe will be one to seriously consider when looking for the undiscovered gem witht that type of potential. These guys have found mines before and they will again. Always invest in those that know how to walk the walk, not talk the talk.
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