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Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

| November 5, 2014 | Category: Stocks
Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

In a complete capitulation, stocks melt down dramatically and some stocks just go ‘no bid.’ That hasn’t happened yet, which means that we may be witnessing a very nasty sell-off, but not complete capitulation.

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Huge Upside Potential In Gold Miners

Huge Upside Potential In Gold Miners

Since September 2012, the S&P500 and the gold mining indexes decoupled from each other. Today, the disconnect between both is huge. From a technical perspective, it appears that the gold miners are testing a resistance line which goes back spring 2013. One should closely monitor the ongoing price action in the gold miners. If they would be able to break through the current price point (250 area), then the good days of gold and silver miners could be here. That would indicate underlying strength in the precious metals complex, and hence in the metals as well.

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Gold Discovery of the Decade Is Now On Sale

| May 14, 2014 | Category: Stocks

Sell in May and go away? Precious metals tend to exhibit a seasonal pattern to their price trends, with summer weakness that leads to strength in the fall. Add to this the fact that mineral exploration in the Northern Hemisphere, especially in Canada, enters a sort of hibernation during winter months and then reawakens in the spring. With winter drill programs already announced, we typically see less news flow starting about now until well into the summer. These variables combine to exacerbate the “sell in May and go away” conventional wisdom regarding the broader stock markets, as many brokers and promoters in our sector take their holidays during these relatively […]

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New Gold: A Safe Gold Play With Attractive Pipeline

New Gold: A Safe Gold Play With Attractive Pipeline

New Gold’s stock is one that’s long responded well to its underlying metal. And it’s even responded well amidst gold’s recent rough patch. It has of course fallen on balance along with the rest of the sector. But when gold has shown signs of life, NGD has consistently exhibited good positive leverage.

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Is The Gold And Silver Miners Bear Market About To End?

Is The Gold And Silver Miners Bear Market About To End?

The analysis of the past twenty years of the Miners Index is showing that an important bottom has been printed in December 2013. The Miners Index’s symmetrical sequence and also the relation between the Miners and the 78.6 Fibonacci Number (both in Price and Time) are validating this major low.

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Miners Index Charts Show Domed House and Three Peaks

Miners Index Charts Show Domed House and Three Peaks

Both the Domed House and the Three Peaks Patterns have violent up moves, followed by strong reversals. It is important to keep in mind that all markets return to the mean. The charts are suggesting that odds favor an upside move for the Miners and a correction for the SPX Index on the intermediate term trend.

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Gold Miners: Red Alert Or All Clear?

Gold Miners: Red Alert Or All Clear?

If I were a wagering man, I’d lay odds that, any correction in the PM Complex, under the weight of a correction, would END its Correction in this week. Given as a very general rule that corrections tend to extend their moves to half the TIME of the move they are correcting, another case can be made for it ending in this time frame. So being Skeptic in my approach to Technical Analysis, I will be keeping a weather eye on the XAU, GDX & HUI as they settle back into “Correction” Mode.

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Time To Accumulate Stock Of Gold Stocks?

| February 16, 2014 | Category: Stocks
Time To Accumulate Stock Of Gold Stocks?

We often see comments to the effect of interest in gold miner stocks as a play on gold. Ten days ago, we did an analysis of silver-related stocks, Taking Stock of Silver Stocks, looking at SLW, PAAS, CDE, AG, SSRI, and HL. While many view mining companies as a proxy for gold, they are not necessarily so. There are many influences that can affect the performance of a mining stock that are unrelated to the performance of the underlying physical: management, cost of mining, depletion, labor issues, added debt, etc. What we know about charts is that they do not lie and most accurately depict conditions and character for each […]

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Words of Wisdom By World’s Most Successful Resource Investors

| February 6, 2014 | Category: Stocks
Words of Wisdom By World’s Most Successful Resource Investors

Right now, select junior mining stocks are trading at valuations that will yield very high returns going forward. All of the experts agreed that it’s an unparalleled profit opportunity for investors bold enough to act now while the market is still down – because that situation won’t last much longer. The webinar takes one hour and is a must listen for investors that are serious about resource investing.

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Time To Accumulate Stock Of Silver Stocks?

| February 6, 2014 | Category: Stocks
Time To Accumulate Stock Of Silver Stocks?

While we see it as a way of cutting through everything else, this shortened version of viewing a company from a purely results-oriented perspective, via reading a chart, should not be quickly dismissed. From this kind of look, one might more easily see the value in dismissing some of the stocks as buy candidates. Another important consideration: do not buy a stock because it is low, and you think it may rally and play “catch-up” with the rest of the market. There are very valid reasons why any stock is weaker, relative to other companies.

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Silver Stocks Are Incredible Bargains

| December 28, 2013 | Category: Stocks
Silver Stocks Are Incredible Bargains

If silver launches radically higher like we expect it to, there will no doubt be a stock-buying frenzy that should lead to great positive leverage. The producers will see their margins skyrocket, the developers will see the IRRs of their prospective operations increase, and the explorers will see the values of their undeveloped deposits soar. It won’t take long for investors to realize that the beaten-down silver stocks are incredible bargains. And the gains should be spectacular for those who get in early.

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More Precious Metals Miners To Shut Down

| December 14, 2013 | Category: Stocks
More Precious Metals Miners To Shut Down

Scotiabank says that on a total cost of production basis that the all in cost to produce an ounce of gold industry wide, worldwide, is $1,760 an ounce or something like that. So you make this stuff for $1,760, you sell it for $1,260. You lose $500 and being a miner you try to make it up on volume.

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3 Stocks to Own When Gold Recovers

| September 12, 2013 | Category: Stocks
3 Stocks to Own When Gold Recovers

Doug Casey: “I think mining stocks have also bottomed at this point, and there are several great speculations available today. All the so-called quantitative easing—money printing—by governments around the world has created a glut of freshly printed money. This glut has yet to work its way through the global economic system. As it does, it will create a bubble in gold and a super-bubble in gold stocks. This remains in the future; what we’ve seen so far is just foreshadowing.”

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Gold Mining Equities: A Play Against the Tide

| August 22, 2013 | Category: Stocks
Gold Mining Equities: A Play Against the Tide

It is our view that at current prices gold mining stocks offer a bargain opportunity. On one hand gold mining equities are extremely cheap and discount a gold price of approx. $1,000 per ounce. By owning gold equities an investor is capitalizing on gold, but at a great discount. On the other hand, at current valuations, “in-situ” ounces in the ground are historically cheap and some companies do not get any value for their gold in the ground at all because the investor community is pricing gold equities based on free cash flow only, the rest does not count at the moment.

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