Street Justice: Gold: Black or Yellow?

Woohoo! We shall overcome! Bye, bye Bear Territory. I hope everyone else is having as fun a day as I am. If you're bullish the US, the stock market and the dollar you are(having fun). What more could we ask for? Oil is down, earnings so far aren't horrible and the dollar kicked some butt(over 150 pips versus the yen). All this good news means either the bears are covering their shorts or getting caught with them down. I dedicate today's 4 companies to the bears out there.
My theme today covers the bears favorite subject(s). The theme is Gold, both black(oil)and yellow(actual gold). Lets start with real Gold or Gold miners in this case. This first company is a true Gold play, so true in fact that their ticker symbol is GOLD. GOLD/ Rangold Resources engages in Gold mining and exploration. Their main focus is the discovery and development of exploration projects in Africa. As of current they have 3 main discoveries, a 7.5 million ounce deposit(of gold) in Mali, a 4 million ounce deposit in the Cote d'Ivorie and and an additional 7 million ounces in western Mali. Rangold is one mine(acquisition or discovery) away from the big leagues(larger market cap group), but if they don't find that mine by 2012 or 2013 they anticipate production(yield) to flatten. GOLD has o.k. relative timing, value and safety with a forecasted earnings growth rate of 18%. GOLD is up(price) 41% YTD, 36% over one month and 15% for one week. Besides being a great growth stock, GOLD pays a $.12 per share dividend with an 11% dividend growth rate. My 2nd pure Gold play is HMY/Harmony Gold. They too mine and develop gold properties. HMY operates 22 mines in 3 countries which are South Africa, Australia and Papua New Guinea. They produced a combined 2.3 million ounces of Gold for fiscal 2007. Their ore (gold) reserves amount to about 53 million ounces. HMY doesn't have very good relative numbers(value, timing and safety) and their projected earnings growth rate is -7%. So why did I recommend them? Well, they are up(price) 18% YTD, 7% for the month and 7% for the week. Not to mention a 16% annual sales growth. HMY just like all the companies I'm going over today is a defensive stock for a bear market. Alrighty, now for Black Gold(Texas tea, oil). First up, I have CLR/Continental Resources. They are an independent oil and nat gas company. They have properties located primarily in the Rocky Mountains and Gulf Coast regions. Crude Oil comprises about 75% of it's proved reserves. CLR like most oil and nat gas companies right now has excellent relative value, timing and safety. They have a forecasted earning growth rate of 37% and an annual sales growth of 47%. CLR is up (price 185% YTD(wow!), 2% for the month and 4% for the week. EPS for CLR were up 185% for the quarter. Finally, I couldn't wait to get to this last company. Besides being a great energy pick, they are one pf my top picks for the last month maybe 2. It's HK/Petrohawk Energy. They are also an independent oil and nat gas company. HK acquires and develops onshore properties in the US. They have properties in the Fayetteville Shale , Haynesville Shale and Permian Basin regions. HK has better relative value, timing and safety than the others I mentioned today and a forecasted earnings growth rate of 23%. HK is up(price a whopping 158% YTD, 11% for the month and 4% this week. Their annual sales growth was 28%. HK is a company I've been invested in (both real life and in contests) since early March of this year and the price has more than doubled over that time. Petrohawk like many oil and gas companies are taking a hit this week. For a company like HK though, I think this is a good time to get in or pick up more if you already own some. They are big players in the nat gas and oil industry and will do fine even if and when oil does stabilize.
what can I say? I'm up big today and this week. I do own some oil, nat gas and gold stocks(got to be diversified), but they are just a portion of my portfolio and the rest of the market was up nicely. Even financial companies like JP Morgan surprised us with not so bad earnings. I don't know if we are at a true bottom or if the short sellers are running for the hills, but either way I'll take it for now.
O.k. y'all. I wanna know what you think. Is this the bottom we're looking for? Is this positive move just short covering? Are we a long way from being out of the woods? Let me know.
I really wish I had more money to put into Forex trading today. I made some good money. Being long the USD/JPY was my biggest gain overnight(over 130 pips). The other USD crosses got hammered too. I am even up in my long-term EUR/USD short. This has been a rocky but good week so far for the dollar.
One more day to go(for the week). I sure hope we can hold it together. I'm not blowing my own horn(well maybe a little), but quite a few of the companies I've recommended since I stared this blog are up pretty decent. ECOL/American Ecology is up 20% since I mentioned it. TAP/Molsen-Coors has seen 10% gains. Both of the speculation buys I went over VLNC/Valence and CPST?Capstone Turbine are both up at least 10%. My best call so far has been MNLU/Mainland Resources which is up 50% since I highlighted it. I am really not trying to gloat. I have seen some small losses too. I am just trying to let you all know that I'm here to help you. I can't even afford to buy a lot of these stocks in real life. I research them and share my results to try and help anyone that reads my blog, cause we're all in this together. Thanks for reading.