The big, "must watch" trend right now: the uptrend in gold and silver stocks.One of our favorite stocks in this sector is Silver Wheaton (SLW). SLW isn't a conventional silver miner... it's a business built around collecting royalty streams from many different mines. Along with tons of other gold and silver stocks, SLW reached a new 2009 high this week.
When we consider SLW and its sector, we keep a quote from Jim Rogers in mind: "Markets often rise higher than you think is possible and fall lower than you can possibly imagine." Rogers rightly points out that history or fundamentals won't always dictate how far a market will run.
Gold and silver stocks are one of the great "higher than you think possible" assets on the market. Why? Because nobody actually knows how Washington D.C.'s nutty "tax and spend our way to prosperity" program will affect the economy and the paper currency behind it.
There is a decent chance this program – which a third-grader could tell you doesn't add up – will end up a mess. If the mess materializes, gold and silver will run much higher... and gold and silver stocks will rise hundreds and thousands of percent. There's zero guarantee this run will happen, but the potential gains here – and the uptrend you see below – can't be ignored.
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