GOLD STOCKS BREAKING OUT

On Friday, I told you Gold stocks were poised to break out of a long range. On cue, they are moving out today. Just one glance at the GDX tells the tale.

Other names are moving out of range. My dilemma is buying the underlying stocks while the metal is so extended. One has to ask what happens if the metal pulls in. Is this the stocks playing catch-up or are the stocks looking to suck you in before failing. Well, I guess we will know in the days ahead but right now, they are on the move.

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.