No pick last week. You could call me a lazy son-of-a-bitch and not be entirely inaccurate. Every week, aside from two holiday shortened weeks, since this the groundbreaking of this "blog" I've granted you a pick. Last week I was asleep at the switch. So we'll get right to it this week and maybe I'll even get a bug up my ass and grant two picks this week...but first things first.
Without further adieu... I give you GSS- Golden Star Resources. Currently trading at $4.13. The dollar is collapsing and it's time to pound the table on gold. Now, it should go without saying that any single digit midget (stock under $10) is inherently speculative. Caution is advised. Nonetheless the set-up here is too nice to pass up. GSS build a huge base between 1999-2003, then ramped to a high around $8 before collapsing back to spend 2005-06 consolidating between $2 and $4. Now it has surmounted the four dollar mark and become an obvious buy.
Disclaimer: In no way should this post or any other be considered a recommendation to buy or sell any security. Should you buy this stock based on this post you may find yourself homeless by Christmas and have to scrounge trinkets out of a dumpster to give to your children as gifts.
Disclosure: Long GSS, Long gold
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