Finally, It's Time to Buy
09/20/2012 10:45 am EST
It's been a while since the markets looked strong enough to get back in on the equity side, but that time has come, write Mary Anne and Pamela Aden of The Aden Forecast.
After months of volatility and uncertainty, the markets are looking good. Gold is soaring, and so are the gold shares and silver. Stocks are also on the rise.
These markets are at a turning point, and the upcoming quarter should be an interesting and profitable one. Most of the markets are set to move higher. Get on board if you’re not on yet.
Indeed, in metals, a renewed rise has begun! Gold, silver, and their shares are bouncing up, and so are the other metals. Silver is up sharply, almost 30% in ten weeks, while gold is passing up the $1,700 level like a hot knife through butter!
The bombed-out gold shares are jumping up from the dead...they’re already up 25% on average since the summer lows.
Our positions are doing great, and we hope you are all fully invested and enjoying the ride. There’s more to come, if you haven’t yet bought.
We recommend diversifying and having more of your metals positions in coins or bars, but ETFs are an easy way to buy gold and silver, which is why we recommend SPDR Gold Shares (GLD) and iShares Silver Trust (SLV).
Meanwhile, the stock market is surging, and the outlook is positive for the months ahead. All of the stock indices are bullish above their moving averages, and the Nasdaq hit a 12-year high. The Dow Industrials and S&P 500 are also at multi-year highs.
While we’re still maintaining caution, we recommend adding to your stock position, raising it to 25% of your total portfolio. Buy our recommended stocks, especially American Electric Power (AEP). We also like and recommend buying Procter & Gamble (PG).
At this point, we don’t know how long we’ll keep these stocks. But for now, the upside potential looks good.