[youtube:http://www.youtube.com/watch?v=12T95RHGLH8&feature=related 450 300]
Gold’s not been so hot, here, but I’m patient, and I’ll wait for it to break out of this oversold condition much like I’ve done many times in the past. There’s been little conditional change in the broader underpinnings of this PM market. We still have massive liquidity demand — if only for bandaging purposes on European and American debt problems. We still have too much of our economy being crowded out by government creep (and creeps). And earl and ag inflation, despite the recent sell-offs, are a constant threat.
I am therefore comfortable holding my horde whilst exploring other alternatives that have been solid for me for years. Among those, you know of UPS and MON, which I’ve spoken of many times. I still like those for the very long term. There are a couple of other names, however, that I have talked about much recently.
These are stocks that I would categorize as “hold forever,” as long as they continue to carry and groom their historically strong management teams. You just put these names away and expect the best. Then one day, they reward you, like Markel (MKL) did this week.
I would encourage you to study up on Markel, some would say they are “the next Berkshire Hathaway.” All I know is that these are very sharp guys on the insurance side… very workman-like and below the radar. The kind of stock I like to hold forever.
On the consumer products front, LANC (Lancaster Colony) — a name I’ve mentioned here beofre– is another gem that does nothing but grow wisely on your supermarket shelves. It looks real nice right here:
Read up on LANC as well. It’s good niche food business, with a sweet little dividend to keep things happy while you wait. Slow and steady wins the race on these smart folks.
Last, for those of you who are jonesing for a gold pick, there is benighted AAU, which #6 asked me about on my last blog post. It’s looking oversold like the rest of the gold market, and it sure looks like it’s in opportune spot here resting on its 200 week EMA:
Patience will be rewarded, as it has been for a decade now.
Best to you all…