Great Buying Opportunity for Commodities, Click Commerce

Gold dropped to a three-week low yesterday, almost certainly a short-term correction that may set a prelude for the run up to $600. Chuck Butler discusses the drop in his recent article on commodities. With news that winter wasn't going to be very cold after all and that oil prices might drop, there was a lot of profit-taking in commodities, especially gold, but it looks like it has stabilized and now I expect it to begin its rise again. For many investors, this is a great buying opportunity. Ditto for silver and palladium, and silver and gold stocks.

Click Commerce (CKCM) is approaching earnings. In spite of evidence of strong growth and great potential in the RFID market, it fell 15% in the past two days. Now below $30, I think it will gap to $35 after earnings. I think this is a solid stock in a great company and that now is a genuine buying opportunity.

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