Wednesday, October 28, 2009
Kinross Gold Buy Alert
For those seeking a blue chip producing Gold miner. Gold stocks are getting hit right now, creating buying opportunities. I think Kinross Gold (ticker: KGC) has hit a level that has been a successful buy point in the past and it is a good company for the longer term investor. Here's a 30 month daily chart:
Nothing is guaranteed when investing, but investing in a blue chip Gold miner with good growth potential when it is oversold and near its 200 day moving average is as safe as it gets in the Gold sector. I differ from most of the herd in that I think Gold stocks are going to shake of the stock market weakness, hold their ground, and move higher along with the price of Gold. I could be wrong, of course (it wouldn't be the first time...).