Filed under: Newsletters, Mutual funds, Commodities, Stocks to Buy, Best Stocks for 2008

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

“My top conservative play for 2008 is a repeat of my top pick from last year, StreetTracks Gold Trust (NYSE: GLD),” says Mark Leibovit, editor of VRSurvey and last year’s #1 rated market timer by Timer Digest.

“StreetTracks Gold seeks to reflect the performance of the price of gold bullion, less the trust’s expenses. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets.

“The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation. The trust is not managed like an active investment vehicle, and it’s not registered as an investment company under the Investment Company Act of 1940.

Continue reading Best Stocks for 2008: Top timer goes for StreetTracks Gold Trust (GLD)

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This entry was posted on Wednesday, December 19th, 2007 at 1:34 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.