This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

Top-rated market timer Mark Leibovit says, "Gold has been our top pick for the last two years and we are staying with it." In his VR Survey he looks at PowerShares DB Gold Double Long (NYSE: DGP).

The advisor explains, "We set a new low of 680.30 on October 24, the lowest low since the 1020 record high from March 17, 2008 and down from the October 10 recovery high of 933.65.

"Though unfulfilled technical measurements still exist as low as 620 in Gold, it appears a short-term bottom is now in place. Support is the low at 680.

"We broke through resistance of 830-850 on December 16. Strength in the US Dollar Index had put the brakes on the gold rally, but we've now seen that gold and the dollar can rally together. It is possible gold is anticipating a top in the dollar, which is inevitable.

"Indeed, you could come in some morning and find gold up $500 an ounce and blow the lid off all the bearish sentiment and doubters. Gold will never go to zero and is the ultimate hedge.

If you haven't already gotten out of the market, it's too late. Why lock in losses? Too many people panic when they see the type of news we're seeing today about a worldwide stock market bloodbath. They get caught in the buy high, sell low trap, loose their shirt and stay out of the market until it looks safe. When will it likely look safe to these would-be investors? The next time the market is nearing its highs. Then they'll get caught in the buy high, sell low trap again. It's a vicious cycle for many uneducated investors.

For the savvy investors, tomorrow will likely be a buying opportunity. An opportunity to find the many jewels that will be out there. Companies will be beaten down, even though their fundamentals are strong, because they are caught up in the frenzy to get out at all costs. Do your homework today, review your watch lists and find what you think are the best bets and watch them tomorrow. If their stocks tank, buy them. Remember, all of us want to buy low and sell high in order to make money on the stock market.

Have we reached bottom? Probably not, but if you're waiting to find the bottom you'll likely miss out on the next big jump in the stock market. Few traders can actually hit bottom exactly at the right moment and when they do I suspect luck plays a big role in their picking right. You can read more about the failure of market timers in this excellent piece by James K. Glassman.

Good luck and good picking. Tomorrow may be a great day to find some good bargains.

Lita Epstein has written more than 20 books including "Trading for Dummies" and "Reading Financial Reports for Dummies."