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Stocks to Watch Part iJoshua Fritsch While some further downside is expected in the near-term, the bull market in precious metals is showing signs of life again. We're going to review some individual stocks and try to best position ourselves for the next move up. While I will be throwing some numbers at you, I will try to keep the information easily digestible. I have not been solicited nor paid by any of the companies listed - I have picked them myself based on solid fundamentals and the expectation of good performance in the future. So without further delay.... Meridian Gold (MDG) - http://www.meridiangold.com/ This is one of my favorite gold producers, and with good reason! According to their website, Meridian Gold ended 2004 with a cash cost of $50 for each ounce of gold they pulled out of the ground. With gold over $400, that's pretty impressive. Equally as impressive (and possibly even more important) is that they have zero debt. If you believe gold = money and debt = disaster then you'll love MDG. Meridian Gold was pulling in $0.37/share at last count - - in a world awash with companies that promise the world but never deliver the goods it's a much safer bet to go with a company that has already proven itself. In the chart below I have outlined a "buy zone" - - keep in mind that we may go higher before retreating into the buy zone. Most of the metals stocks are fairly overbought already, but there is the potential for further upside. In any event, we should come back down to test the breakout area eventually, and that will be the time to back up the truck. If, like me, you are expecting new highs for the PM sector, then anything under $17 will seem dirt cheap once we break above $21.  Joshua Fritsch Disclaimer: The information contained in this article is believed to be factual, however, the author cannot be held responsible for mistakes or intentional deceptions on the part of the sources. Price targets are a matter of opinion - trading in the market entails risk, and that risk is assumed solely by the trader.
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