BOTTOM FISHING FOR GOLD MINING COMPANIES

By Jen Bawden
July 18, 2008

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I am now focused on researching oil dividend stocks as oil is dropping. This might give us a great opportunity on some extra bad capitulation days to get in and pick up some of these good oil and gas dividend plays.

I am focusing on Canadian companies as I think they will be safer. If we are lucky we might even see the dollar strengthen on a short-term basis, giving us a last chance to get in on our favorite gold mining or oil dividend stocks.

I will be watching their stock decline with great interest of course. I have the lows of these stocks over the last five years as my optimal buy point. These are really more bottom fishing prices then regular buy points.

I figure when big market turmoil days come some of these good stocks will fall within their 5-year low range. At that point it will be an excellent place to start buying commodities.


 

Jennifer now runs her own technology development and private equity consulting business, Bawden Capital. She is co-founder of Innovative American Technology, a Homeland Security sensor company and is on the Business Advisory Board at Neogenix Oncology, a cancer diagnosis and treatment company. She is also the editor of the Contrarian Consensus.