This is a follow up to my article on "How to Spot the Trends".  Well it seems like the trend is to now buy gold stocks.  All of the best managers here in Canada have moved into gold stocks and energy services.  Peter Hodson of Sprott Asset Management, in his June commentary, said he believes gold is the best call he can make right now.  David Taylor of Dynamic Funds has sold a lot of his energy stocks and moved heavily into gold and energy services.  And last, but definitely not least, is Andrew Cook from Marquest Asset Management.  His fund is up 50% over the past year and has been generally kicking ass with a 50%+ annualized return for the past 3 years.  In his June 27 commentary, he said he believes during this high oil price and poor financial liquidity environment, gold stocks will rally.  Perhaps even more impressive is his market timing skills.  In that commentary, he said he had up to 40% cash because he expected a correction which would be a significant opportunity to re-buy right before the next rally.  And guess what?  We've had a nice correction over the past week!  Not only that, but gold stocks have already started to rally just like all those experts have said above.

I personally expect (hope) the correction to continue a bit more and hopefully I can buy some stocks that are on my list.  This was why I raised some cash a couple of weeks ago.