Category: Articles: Gold Silver Stocks
Cheap Gold Stocks – part 3
Gold stocks have recovered sharply following last month’s panic-like capitulation plunge. But this embattled sector still remains incredibly cheap relative to prevailing gold levels, which drive gold miners’ profits and hence ultimately their stock prices. While it is very challenging psychologically to buy in deeply-out-of-favor sectors, the panic-like gold-stock bargains out there today are simply amazing. Speculators and investors have long bought gold stocks for one primary reason, to leverage the price of gold. Between the April-2001 dawn of today’s secular gold bull and 2008’s once-in-a-lifetime stock panic, gold stocks indeed leveraged gold beautifully. When gold rallied in major uplegs, the flagship HUI gold-stock index would generally amplify this metal’s […]
Euro Debt Crisis is Good for Gold and Silver Stocks
Charles Oliver, a senior portfolio manager for Sprott Asset Management, is keeping the faith that gold and silver stocks will eventually appreciate this year as Europe and the U.S. continue to print money. In this exclusive interview with The Gold Report, Oliver says that an indicator that juniors are about to take off could be an improvement in certain bellwether mid-cap stocks. Companies mentioned: BARRICK GOLD CORP. – COEUR D’ALENE MINES CORP. – COLOSSUS MINERALS INC. – ELDORADO GOLD CORP. – IAMGOLD CORP. – KEEGAN RESOURCES INC. – MUNDORO CAPITAL INC. – NEWMONT MINING CORP. – OSISKO MINING CORP. – PAN AMERICAN SILVER CORP. – YAMANA GOLD INC. The Gold Report: Last February, you forecast […]
Silver correction putting miners under pressure
After weeks of sailing on troubled waters, the silver market is giving mixed signals. Analysts are struggling to discern whether or not the metal will be able to consolidate above resistance at $28.50, or whether silver is still in danger of further sell-offs. Much will depend on developments in the US dollar market and the global economy – a view shared by Randy Smallwood, president and CEO at Silver Wheaton, a Vancouver-based silver-streaming company. The euro crisis has been a big depressing influence on commodity markets in recent months. With the continent’s debt crisis getting worse by the day, many investors are being drawn to the dollar. Most are confident […]
Greek Election and Fed Decision Should Boost Gold, Silver and The Miners
Markets reacted negatively to the Spanish Bailout of a $125 billion as they keep a close eye on a Greek election this Sunday and the Federal Reserve Board meeting on June 19th and 20th. Investors feel that there is the possibility of a pandemic meltdown and that the Spanish bailout has little impact other than saving time. To avoid such a catastrophe, the Greeks may elect to stay in the Eurozone. This may effect the Fed’s decision’s on June19-20 to implement QE 3 in addition to buying 475 billions of Treasury bonds over the coming 9 months. This may cheapen paper money and simultaneously benefit “real Money”–GOLD and SILVER both […]
Ten-Point Model for Picking Gold & Silver Stock Winners
If this is a bottom, Dr. Michael Berry sees it as the ideal time to pick up bargains in the mining sector. In this exclusive interview with The Gold Report, the Federal Reserve Board expert gives his diagnosis for what ails the markets and names the companies from Alaska to Brazil that could survive the financial plague wiping out equities all over the world. Companies mentioned: ALEXCO RESOURCE CORP. – CARLISLE GOLDFIELDS LTD. – GALORE RESOURCES INC. – GOLDCORP INC. – GRANDE PORTAGE RESOURCES LTD. – MINES MANAGEMENT INC. – MONSTER MINING CORP. – NORTHERN GOLD MINING INC. – NORTHERN GRAPHITE CORPORATION – PERSHING GOLD CORP. – QUATERRA RESOURCES INC. – REVETT MINERALS INC. – SILVER WHEATON CORP. – SOUTHERN SILVER EXPLORATION CORP. – TERRACO GOLD CORP […]
Producers for Growth, Juniors for Speculation
In the early days of this bull market many prominent analysts and leaders from the bullish camp noted that the juniors would be the way to best leverage the bull market. The thinking was that juniors were a call option on Gold and senior producers because of their lack of exploration in the previous decade would need to acquire the juniors to replaces reserves and grow production. From 2002 to 2007 the juniors performed quite well. Yet, five years and two cyclical bear markets later, the juniors have lost their luster while Gold has nearly tripled in the same period. In this missive we look at some charts to decipher […]
Mining Shares Continue to Outperform the Broader Equity Markets
The last time we had a THREE CONSECUTIVE WEEKS during which the mining shares outperformed the broader US equity markets was in late October/early November of 2011. While the month of May this year has been attrocious for the S&P 500, it has been an excellent month for the miners. June is starting out on a good note to say the least as we witness today’s strong upmove in the mining shares. My interpretation of this event is that today’s payrolls number, which was so horrible that it cannot have any sort of positive spin placed upon it, has jolted traders into moving more and more to the view that […]
Global Gold-Mining Trends 2
It wasn’t long ago that global gold-mine production had fallen to alarming lows. In 2008 this bellwether supply source was on the heels of a 5-year 13% decline, offering the markets its lowest output in 12 years. And this precipitous plunge had left folks scratching their heads considering gold demand was on the rise and its price was entrenched in a powerful secular bull. Thankfully this 2008 low would mark a major turning point in global mine production. And a powerful new uptrend formed that has seen volume rocket to an all-time high in just three years. According to estimates by the US Geological Survey, in 2011 mine production was […]
Is the Market at a Historic Turning Point? Top Watchers Say. . .
Legendary Dow Theory Letters Writer Richard Russell issued a big bear warning May 27. In a special early alert for his subscribers, he announced that his analysis of the April to May activity on the Dow Jones Industrials showed the continuation of a primary bear market that started on October 9, 2007. “We are now dealing with the latter part of the primary bear market. . .subscribers should now follow a course of utmost caution,” he said. “As for gold, I think it will be under pressure for a while, but before this bear market is over, gold will embark on a major bull move. The current correction in gold will test […]
The fear factor in gold equities
The market is like a kid that can only ride a bike with training wheels on it, according to Robert Cohen of GCIC Ltd. As portfolio manager of the Dynamic Precious Metals Fund and the Dynamic Strategic Gold Class Fund (sold in Canada) and the Dynamic Gold & Precious Metals Fund (sold in the U.S.), Cohen is expecting a new set of training wheels in the form of a third round of quantitative easing. In this exclusive interview with The Gold Report, Cohen suggests that, as fear among investors continues to drive down stock prices, the market is now primed for patient accumulation. Companies mentioned: AMPELLA MINING LTD. – AZUMAH RESOURCES LTD. […]
Correction In Precious Metals and Miners Creates Buying Opportunity
Recently the gold and silver miners have been outperforming the S&P 500 indicating that we may be seeing the rotation from overvalued equities into the undervalued miners. This is occurring on large volume indicating major investors are beginning to enter the deeply undervalued sector. The gold miners appear to be reversing on high volume indicating that we are seeing major accumulation at these price levels. A few bullish, high volume reversal days within a couple of weeks indicates that we could be very close or at the bottom of this consolidation. Bankia, one of the largest Spanish Banks, is struggling. The government is stepping in to nationalize it. Fear is […]
Central Banks Should Start Easing Soon and other Bullish actions in Gold
Gold Bullion prices held above $1620 per ounce during Friday morning’s London trading – a gain of nearly 4% for the month so far. Stock markets and major government bonds rallied, with analysts speculating on the prospects for further monetary stimulus, including a possible third round of quantitative easing (QE3) from the Federal Reserve, whose policymakers meet next week. Silver Bullion meantime hovered around $28.70 per ounce – 3.6% up in June so far, but only 1.1% for this week – while broad commodities gained, with oil edging higher despite Opec’s decision Thursday not to lower its production ceiling. Heading into the weekend, Gold Bullion looked set for a weekly […]
Continue Reading