Buy Gold & sell banks - will markets repeat last year's quarter for the underperformers? As all my readers know, I am looking for a 2,000-2,500 point...

Nicholas Forsyth

Market Matters

Buy Gold & sell banks - will markets repeat last year's quarter for the underperformers? As all my readers know, I am looking for a 2,000-2,500 point correction in the Dow over the next few months, which will likely take the ASX200 back towards ~5,100. I am also looking for a $US300/oz. rally in Gold in the same period of time. My preferred gold stock is currently Regis Resources (RRL), I simply see more marginal buyers at present which can easily push the stock back towards $2. Seasonally, we are approaching an excellent period for both gold and crude oil. Ideally this will tie in with my short term rally theory (note, I am not long term positive). Personally, I am only considering trading this seasonal strength via gold stocks, not oil. Last year between the 10th December and the 14th of March, the comparative performance of Newcrest Mining (NCM) and Commonwealth Bank (CBA) was very noticeable: (VIEW LINK)


Nicholas Forsyth
Director
Market Matters

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