Market Curiosity: Exploring Markets And Systems

December 28, 2010

Precious metals stocks are populating, and shining in IBD’s top 100

Filed under: Editorials — Tags: , — Jeff Fitzmyers @ 10:06 pm

The top 6 IBD 100 gainers on Tuesday contained 5 precious metal stocks; SLW, PAAS, ABX, AEM, and GFI. Another significant thing is 2 of the 5 stocks are silver stocks. There are only about 6 major silver stocks. There are tens of good gold stocks!

The fundamentals (insane politics, oceans of debt, fake gold) are still supportive: Buy the dips.

Bubble? I will look for a decent metal top when over 25% of IBD’s Top 100 are precious metal stocks 🙂

I wonder if SLW will end up being the biggest momo stock ever.

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