LAS VEGAS, NEVADA — (MARKET WIRE) — 03/11/10 — Citigroup ©, American International Group (AIG) and Bank of America (BAC) were the Top 3 volume leaders yesterday. Citigroup Inc. was up 3.66% to close at $3.96 on 1.21 billion shares. This may be on two big pieces of news. One, Bloomberg reported that private equity firm Apollo Management arranged a deal to buy Citigroup’s real estate investment division. And two, the Financial Times reported, Citibank CEO Mr. Vikram Pandit is expected to announce later this week on Thursday that Citigroup may earn as much as $20 billion from its core businesses within the next few years. </p>
The two other volume leaders yesterday: American International Group Inc. (AIG) was up 10.59% to close at $36.24 on over 70million shares, and Bank of America Corporation (BAC) was the 3rd volume leader, with share up 1.85% to $17.11 on almost 223 million shares trading yesterday.
But lost in the headlines over the last couple of weeks is the fact gold is still rising (despite the 3 day lag).
Gold is up over $40 is the last 30 days!
Frank Holmes, CEO and CIO of U.S. Global Investors, a long time gold bull sees no reason for this trend to end. This great article, Buy Gold While Supplies Last, Says Fund Manager, gives some great reasons to be bullish on gold! From massive federal deficits and low interest rates in the United States and elsewhere to rising incomes in Asia, and the Asian government using gold “as a reserve currency for themselves.” In our opinion at www.PowerPennyStocks.com, this signals that gold is poised to climb.
So how does the Average Joe join the next gold rush?
How do you manage to get in on the ground floor? At a time when some experts expect gold to go much higher, a lot of investor energy is focused on junior mining companies. Look for companies that are past the grass roots Exploration Stage and are in Production. There are many solid Junior Mining Production companies in the market right now.
Take www.GoldMineReport.com power pick selection, Innocent Inc. (Traded on the OTCBB under the symbol INCT) for example. INCT’s business strategy is to be the leader in the niche market between speculative exploration and large scale production. Most exploration companies live and die on the premise of finding large scale deposits to be sold to major mining companies. And the majors are typically only interested in developing mineral reserves in excess of 2 million ounces. This leaves a large number of projects that have excellent potential, but do not meet the necessary size requirements of the industry giants.
INCT projects hold indicated resources of over 600,000 ounces of gold. INCT is currently producing, being mined and making money.
Look for companies like INCT that have properties that can produce and are profitable, and projects that have considerable amounts of exploration completed and potential resources defined.
Power Picks is a BIG opportunity for everyday investors
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