Strategy for Gold (April 26, 2009)

These are the miners that I will be watching in the coming weeks. Note that ABX, AEM, NEM is reporting earnings next week.

I have no comments on their earnings....but watch out for some agressive buying on dips.

Earnings dates:
ABX - 29/04/2009
AEM - 29/04/2009
GG - 7/5/2009
GOLD -7/05/2009
NEM - 30/04/2009
RGLD - 7/05/2009

GLD could hit 91.38 before we see any pullbacks.


If you wanna play it safe, I recommend GDX if you wish to go long on gold miners. There will be some minor pullbacks for a better entry......but you will never know whether these bulls wanna continue pushing prices up like what happened to SPY in March.