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August 18, 2003

We find ourselves in the August doldrums. Things are fairly quiet for US and European stocks. Many investors and traders are on vacation, yet there is plenty of action in other areas.

Where The Action Is

The action is in Asian markets and most especially, in the gold market. Gold has been acting very well. During a time of year when it is often seasonally weak, Gold has been rising steadily and the gold shares have been breaking out to new highs. In our last letter we mentioned our three favorite gold shares; Newmont Mining among the large . . .
Continue Reading: August 18, 2003

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