Daily market Comments - February 11, 2009  8:49 PM

Gold stocks continue to "shine"...

As I work my way through hundreds of charts this evening (as I do most evenings), I'm still finding the one sector sporting the nicest-looking charts continue to be the Gold and Silver companies.

Some of these beauties have more than doubled just since December!

And there was no shortage of great charts in the sector today. Just about any chart in that area will do, but especially nice are: AU, GOLD, HMY, DROOY (one of my favorites), IAG, GFI, and THM. Look at SLW in the Silvers too. One analyst I follow claims that Silver is now undervalued compared to Gold, and the Silver stocks may play "catch-up" to the Golds.

The precious metals area is seen as a "Safe Haven" by most investors and traders, so it's no wonder the sector is doing so well with the turmoil and uncertainty going on in the rest of the market.

Indeed, Gold futures added to their recent gains today, climbing above $940 an ounce to their highest level in nearly seven months, as investors continued to buy the metal amid doubts on new economic rescue plans unveiled in the U.S.

While I love the precious metal sector in general, I've found a beauty of an RSVP Play in - of all things - the embattled Finance / Insurance sector. It's a stock that sold for $80 in late 2007, and it's been beaten down to 4 bucks and change. But it was up huge today on humongous volume, and may be blasting out of a huge base. I'll name it for my Premium Members.