Gold has traditionally been a safe haven in a market like this but it has declined this week, along with seemingly everything else.
Stacy Briere Gilbert has a few gold names she likes either as stocks or options: Agnico-Eagle Mines (AEM), Goldcorp (GG) and Randgold (GOLD). She thinks gold didn’t move this week because people were liquidating their positions – but “gold is going higher,” she says.
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Trader disclosure: On July 27th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Macke Owns (ATVI), (DIS); Najarian Owns ( C),(GS) SSusquehanna Financial Group Is A Market Maker In (GTRC), (ATVI), (AMZN), (ERTS), (INTC), (KYPH), (VMSI); Susquehanna Financial Group Owns More Than 1% Of (BZH); Gilbert Owns Options In (HOT) Stacey Briere Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP; Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP; Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies