CommodityOnline.com had a brief story (http://www.commodityonline.com/commodities/bullion/Invest-in-gold-in-June-July-to-get-best-returns-10414-3.hml) relaying some advice from Quantum Gold Fund that returns are highest when buying gold (and gold related mining shares) in June and July.
I posted the following comment:
This is what I have said for years.
No, it’s not always easy to buy when an asset is getting hammered, and you may not get in at the bottom. But usually by late fall you’re kicking yourself for not having bought more.
Buy when there is blood running in the streets, as they say. This isn’t always June and July, but you usually do not go wrong by buying in this time frame, except maybe by not buying enough. Traders can many times book profits of 35% or so by November.
With the mining shares, sometimes you have to take a profit – then buy back next June or July.
Does it work perfectly every time? No, but what does? You just want to line up as many odds in your favor as you can.
As for which gold stocks to buy, I would look to Big Gold for more conservative investors and to International Speculator for more aggressive plays.
