Thursday, October 8, 2009

Update on the Gold rush: AMNP 1.17 +0.14 (13.59%)

Jobless claims have dropped to the lowest levels this year comparable to those in January. The market continues to rise after consumer spending and corporate profits increased. Retailers saw their first gains since one year ago showing consumer confidence, a valuable signal that the economy is on the rise. 49% of the basic goods sector gained more than 2% with 44% of the sector gaining 0-2%, a continuing effect of the falling dollar.

AMNP is up 62% from the past three days as I write this and has gained the attention of a private equity research group in Canada which specializes in small to midcap corporations.

Get in quick, but beware the precious metals bubble.

No comments:

Post a Comment