Mea CulpaCan you imagine anyone stupid enough to spend his hard earned cash buying a newsletter purporting to research the hottest gold stocks? . Now how dumb is that? For an instant prize: Pick me.
So anyway, I subscribed to a service called Zeal Intelligence and wondered when I got the first issue what I had been smoking at the time. It seems that what I had paid for did not include the reaearch report, but simply the ravings of so-called expert money managers. For the reserach report there was an additional fee. Cute, huh?
Anyway, having paid for a service for a year, i thought I might as well read it. ( I refusd to pay the additional fee for the report that I wanted out of stubborn principle)
Surprisingly, yesterday's issue actually brought me around to thinking that my fifty bucks or so could have been worse spent.
Three points caught my attention:
1) When stocks go up real fast, the odds of a sharp correction go up dramatically
2) The steady gold price increments that we have seen are the best kind of appreciation to have. They do not portend an imminent bubble
3) Gold Juniors are still shunned by the hoi poloi. The mania is yet to come
So I did not get my report, but I got fifty bucks worth of thought in the first issue.
This message paid for by the firends of ZI Inc