Bottom Fishing for Gold Mining Companies

By Jen Bawden
July 18, 2008

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.

Jen Bawden

Jen is a best-selling author and serial social entrepreneur passionate about disruptive technologies, with a decade of experience in Homeland Security technology solutions. She is also a contributing author at Seeking Alpha, a top financial news site, and a member of several think tanks including: The Aspen Institute, TED, The National Committee on American Foreign Policy, Renaissance Weekend, Summit Series, Task Force on National & Homeland Security, & Secure the Grid Coalition.