Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, September 26, 2008

Article Excerpt

Some investors worry that Washington’s $700 billion bailout of the banking industry is going to fall apart, and that this will lead to a rise in gold and a drop in the stock market. We think the bailout will go through. The only obstacle to it is the political bickering and posturing that is bound to go into a highly visible effort like this, all the more so just prior to a presidential election. There is always a possibility that the market will move lower from here. Meanwhile, gold will stay volatile. But we still feel stock prices will hit bottom over the next month or two, then move up for six months or more. GABRIEL RESOURCES, $2.06, symbol GBU on Toronto, now believes that the upcoming November elections in Romania will result in a positive political decision on the future of its 80%-owned Rosia Montana gold project in Romania. With an estimated 10 million ounces of gold reserves and 500,000…