For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the main financial newsletter advisors asking for their favorite stocks for the coming year. that essay 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 final year, StreetTracks Gold Trust (NYSE: GLD),” says Mark Leibovit, editor of VRSurvey and final 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 mandatory 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)

Original post by Steven Halpern

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