Honest Money Gold and Silver Report: Bullish on Commodity Stocks

By: Douglas V. Gnazzo | Tue, Jan 6, 2009
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Bullish

On Commodity Stocks

Introduction

Gold, silver, copper, and other commodity and energy stocks are beginning to show strong chart patterns, and some have broken out of potentially powerful formations. Here are a few stocks mentioned in the last two market reports.

Some of this movement is simply because certain stocks were oversold; however, there is also an infrastructure play at work. The new President-elect is planning on passing a stimulus plan that includes rebuilding certain segments of the infrastructure. This will require increased supply of commodities used in producing the needed materials.

Agricultural related stocks are also acting well, as food is always in demand. This includes companies involved in the growing, cultivation, processing, and delivery of food products.

As the charts below show, certain energy stocks are performing well. This entire stimulus package will require large sums of money; and the more money and credit created – the more gold and silver will respond in kind.

Peru Copper (PCU)

Pan American Silver (PAAS)

DB MultiSect Agr (DBA)

Anadarko Petroleum Corp.

The full market wrap report is available at the Honest Money Gold & Silver Report website. This week's report contains thirty charts & graphs, including six individual stocks on the stock watch list. Stop by and check it out.

Good luck. Good trading. Good health, and that's a wrap.


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Douglas V. Gnazzo

Author: Douglas V. Gnazzo

Douglas V. Gnazzo
Honest Money Gold & Silver Report

Douglas V. Gnazzo is the retired CEO of New England Renovation LLC, a historical restoration contractor that specialized in the restoration of older buildings and vintage historic landmarks. Mr. Gnazzo writes for numerous websites, and his work appears both here and abroad. Just recently, he was honored by being chosen as a Foundation Scholar for the Foundation of Monetary Education (FAME).

Disclaimer: The contents of this article represent the opinions of Douglas V. Gnazzo. Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Douglas V. Gnazzo is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Douglas. V. Gnazzo cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. This article may contain information that is confidential and/or protected by law. The purpose of this article is intended to be used as an educational discussion of the issues involved. Douglas V. Gnazzo is not a lawyer or a legal scholar. Information and analysis derived from the quoted sources are believed to be reliable and are offered in good faith. Only a highly trained and certified and registered legal professional should be regarded as an authority on the issues involved; and all those seeking such an authoritative opinion should do their own due diligence and seek out the advice of a legal professional. Lastly, Douglas V. Gnazzo believes that The United States of America is the greatest country on Earth, but that it can yet become greater. This article is written to help facilitate that greater becoming. God Bless America.

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