By John Lansing of InvestorPlace
NEW YORK (
TheStreet) -- At the beginning of the year, I told traders that gold would be the
No. 1 sector to invest in for 2010. Well, it looks like I hit the nail on the head, as gold continues to make new 52-week and all-time highs, week after week and month after month.
In fact, gold has risen for nine years straight -- not a single year of negative returns! Do you know of any other asset class that can make that claim?
Best of all, it's not too late to profit from this sector. I have two gold stocks you don't want to miss out on:
Aurizon Mines Ltd.
.Both of these gold stocks have broken out of very bullish ascending triangle chart patterns to new all-time highs.
Gold Stock #1 Nevsun Resources (NSU)
Gold Stock #2 Aurizon Mines Ltd. (AZK)
I now expect NSU and AZK to back-test to these breakout points, and when they do, that will be your golden opportunity to jump in. It will require some discipline on your part to wait for that pullback, but when it happens, that is preciously the time you need to enter a position in each.
With the way things have been going, I'd say these gold stocks will make for two easy doubles before the end of the year.