I'm a new investor, and I'm looking for one or two more stocks for my portfolio. My current portfolio is:
AUY GOOG MOT GOLD ATI
Am I putting too much into the basic minerals sector? I'm planning on being relatively short-term with gold and silver. I just want to capitalize on the bull. Also, at the current price, is this a good buy?
I'm afraid that I'm not diversified enough, but I don't think that gold, silver, and steel are risky industries. And the $9 target is appealing. This seems like a strong company that is going to continue going up.
Rich i would not be so sure we are still not "low" . It has been lower and some going back to 2000 have really been on fire. But with POG and POS doubling or more from here SLW may seem cheap at $6 and NEM may seem cheap at $60. I would suggest he read some kitco or 321gold comments then do some DD and the stocks that look good. I certainly would put some big time stops under GOOG and if he got in early take some profit. If yahoo and / or msn come up with a better mouse trap GOOG could go to $100. Think not? Look at AOL, EBAY, etc. Secondly if he just wants to trade in and out of PM stox go for things like KRY, TRE, since they get pumped and dumped regularly. I am in long for Gold and Silver stocks and believe we are very, very, early on in this Bull. 2008 should be a very interesting year in the life of the USD and Gold may really fly In 2008 the US President race will be shinning a very bright light on all the problems with the US trade imbalance and the 3 headed monster of debt. This will drive many Americans into Gold ( like the good sheeple they are) and the rest of the world will get worried about USA debt if the USA seems worried about it. Just MHO