Wednesday, October 31, 2007

Gold Passes $800


Gold last topped $800 an ounce in 1980, when prices reached as high as $875 an ounce in January. Adjusted for inflation, an $800 ounce of gold in 1980 would be worth more than $2,000 today.

Pick your poison. Place your eggs in a narrow basket or bet against stocks that are just plain powerful. Either way, risk is elevated and picking the right stocks is critical. Forget the dart board and keep a very close eye on the Nasdaq-100. There is your rainmaker. MICHAEL KAHN Barron's

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