Comment JACKSON, WY -- Regardless of what the empty suits on CNBC think they know, this bull market still has life. As while all the suckers are still selling off, we'll be right there picking up the pieces.
The TSX and Venture exchanges haven't yet recovered from their recent losses. Take a quick look:
But do you think we're worried?
Not a chance in Hell's half acre pal!
The Smart Grid: A Smart Investment
It's being called “the biggest investment of the next 50 years” by the CEO of GE.
The likes of Cisco and Bank of America are also on the edge of their seats, anticipating the boom of smart grid technology.
In fact a Bank of America (NYSE: BAC) analyst recently said they expect 80-140 million meters to be installed in the next 10 years — and a total smart grid investment of $215 billion in the next four to five years.
This is going to be huge.
The time to invest in smart grid technology is now — and we have all the details of how you can get in on pure plays in this report.
Let's put metals aside for a minute and talk oil. The two sectors are undeniably connected and strongly contribute to the overall health of commodity market. So, we need to keep an eye on oil to gauge where the metal markets are headed.
Excluding yesterday, oil prices have risen for the past eight consecutive sessions. Demand from the U.S. driving season has set in and the hurricane season is a looming threat in the back of investors' minds. And that's just the beginning.
According to the latest EIA statistics, the world only produces 74,000 barrels of spare oil. And with oil demand growth in China and India accelerating at their fastest rate ever, we can expect demand to outstrip supply soon.
Fact is...THE COMMODITY BULL LIVES!
Jimmy Rogers agrees. In a recent interview, Rogers said oil prices "will be much more than 100 dollars before the bull market is over."
Rogers, a former investment partner of billionaire fund manager George Soros, is predicting the commodities bull run has another15 years of life! I hope he's right.
So what should you do right now?
Just be patient and hold tight. Let me tell you a little story...
In the early 1930s two boyhood friends, Joe Shuster and Jerry Siegel, developed what has become one of the America's most famous and profitable franchises -- the larger than life man-of-steel, Superman.
The two young men came up with the idea and developed the Superman persona before they even graduated high school. For years they tried to sell their brainchild to newspaper syndicates. They were repeatedly rejected.
In the meantime, they began working for the fledgling Detective Comics, Inc., predecessor to today's DC Comics. And in a hasty move they sold all the Superman rights for a mere $130 (about $1,700 in today's money)!
Just image how they felt when only a year and a half after its first appearance, Superman quickly became America's favorite superhero and was being printed in three different comic books. In addition, there was a popular radio show and, by 1941, a series of animated cartoons from Paramount.
So why did I tell you such a tale?
Because I don't want you to end up like Shuster and Siegel -- regretting selling something you shouldn't have -- specifically the stocks on the our portfolio that have recently corrected.
Now listen -- I know that right now is the hardest time for investors. We're off our lows and many investors are nervous about where the market is heading going forward. And those same investors just might be tempted to cut their losses.
But for god's sake DON'T DO THAT! Why? Well, I'll tell you where the market is going -- Higher.
As I've said before, the trick here is definitely going to be avoiding selling too soon. Like any other bull market, this one will go way beyond our expectations.
The markets are in their turnaround stage...a period of consolidation. Hold tight and continue buying stocks on weakness.
- Mike Schaefer
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