Latest Gold & Silver Price News
Is It Time to Get into Gold Junior Mining Plays?
Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors. COMPANIES MENTIONED: CURIS RESOURCES LTD. – EXCELSIOR MINING CORP. – GEOLOGIX EXPLORATIONS INC. – KISKA METALS CORP. – KOOTENAY GOLD INC. – NORTHERN GRAPHITE CORPORATION – RIVERSTONE RESOURCES INC. –TIMMINS GOLD CORP. The Gold Report: Philip, welcome. In a recent Union Securities research report, you wrote, “Despite […]
Money Flowing back into Commodities
Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the Fed keeps interest rates so low that money is free. This is the perfect environment for the wild-eyed speculator, especially the hedge fund types, who ADORE LEVERAGE and will shove as much money as they can wrap their fingers around into the commodity sector in anticipation of inflationary price rises. By the way, just take one look at the following chart of unleaded gasoline if you have the stomach for it. Every time you head to the gasoline pump and fill up, you […]
Profit Confidential Analyst Highlights Newmont Mining as a Top Gold Stock Pick
A question for any gold investor is whether to buy bullion or gold mining stocks. “I favor gold stocks over the higher risk of other commodity options,” says George Leong in a recent article published in popular financial newsletter Profit Confidential. Leong specifically outlines the case for Newmont Mining Corporation as a really good long-term investment and thinks the stock will bring value to a portfolio for years to come. “Newmont Mining deserves to be at the top of the list. This company stands out among other players for two reasons: its size and the firm’s low production costs,” says Leong. Newmont has grown rapidly through mergers and acquisitions, as well as […]
All Central Banks globally keep on printing money
This chart shows that Central Banks all over the world continue printing money. This is very bullish for gold, silver and gold silver stocks. Courtesy to Casey Research
Some notes about HUI gold stocks index
We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today’s session. I am not sure of the reason but whatever it is, the result is that the mining shares are finally seeing a strong bid in comparison to the broader equity markets.As most gold mining shareholders have been all too painfully aware of by now, the mining shares have been lagging the broader market for the last 6 months or so now. Notice the peak last summer and the progression lower, particularly at the end of last year.Trying to decipher at what level the analysts have pencilled in the […]
Gold regains half of its losses from the record peak price
Technicians make a big deal out of the 50% Fibonacci retracement level due to the psychological implications of that level in the minds of traders, both bulls and bears. Generally speaking, those who have been on the wrong side of a trade and who have very deep pockets, will oftentimes allow the market to continuing moving against them while they wait for the inevitable price retracement, either higher or lower depending on which side of the market that they are on. Once they regain half of their losses, they will oftentimes then finally get out of the losing trade and move to the sidelines to access their next move. That means […]
Euro Gold right at Resistance level
Take a look at the following chart of gold priced in Euros, or “Euro-Gold” as I prefer to term it. I have mentioned here and on some of my KWN Weekly Metals Wrap that this chart is one that all gold traders must continue to reference if they are to get a proper handle on the technical aspects of this market. The reason for this is that the issue most shaking the gold market during the “risk off” trades was the mess in the sovereign debt situation of many countries in the Euro-Zone. Fears over that factor were seeing European-based buying of gold as doubts over the integrity of the […]
Gold ETF Mass Exodus
Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory. One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the notion that there would be widespread liquidations in the flagship GLD gold ETF, a mass exodus of capital. If it indeed came to pass, gold would almost certainly be considerably lower than we’ve seen in recent weeks. But it didn’t, the stock traders owning GLD didn’t panic and rush for the exits as feared. Instead they boldly stood their ground, continuing the long tradition of GLD […]
David Duval about gold’s outlook, gold stocks and Tanzanian Royalty
Ellis Martin talks with David Duval (co-founder of JSmineset.com) about the outlook of the price of gold, gold stocks and the precious metals royalty company Tanzanian Royalty (owned by legendary Jim Sinclair). Courtesy to Ellis Martin
Fed’s zero interest rate policy could affect GDP and gold’s price
Both the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the banks, and the Fed for reasons (despite explanations) that are not entirely clear. The Fed in its press release announced that it expected interest rates to “warrant exceptionally low levels for the Federal Funds Rate at least through late 2014.” The fact that the central banks governing the two most important currencies in the world are issuing money to all-comers at very little interest cost for up three years has not been lost on gold and silver, whose prices shot up in response to the Fed’s […]
Central banks’ determination to inflate
Gold and silver moved further up the price chart yesterday, with the most-actively traded Comex gold contract (February) gaining $26.60 (1.6%) to settle at $1,726.70 per troy ounce. Silver for March delivery gained 62 cents (1.9%), settling at $33.74 per troy ounce. The HUI Index of gold and silver mining stocks put in a good showing following the FOMC news on Wednesday and continued higher early in the session yesterday. However, later on yesterday the shares faltered, which as some analysts have pointed out could be a sign that hedge funds lack confidence on the sustainability of this latest risk rally. Certainly there have been times over the last few months […]
Gold closed week with biggest weekly gain in 8 weeks
Spot market Gold Prices looked set for their biggest weekly gain since early December on Friday, rallying back above $1720 per ounce – a gain of over 3% on the week. Silver Prices meantime hovered around $33.60 per ounce – 4.2% up on last week’s close – while other commodities and stocks were broadly flat and US Treasury bond prices slipped. A day earlier, Gold Prices hit a 7-week high at $1730 per ounce before easing in Friday’s Asian session. “Lack of physical demand partly explains the inability of gold to make a sustained move beyond the $1730 level,” says Standard bank commodities strategist Marc Ground, citing this week’s Chinese Lunar New Year holiday as […]
Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies
At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting. They pledged to come up with economic salvation. Immediately the equity markets mounted a year end “Halleluyah” rally. Bernanke followed Europe’s footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014. We respond judiciously to this euphoria. Politician’s promises are usually a thin blanket for an upcoming cold night. We have concluded since October that a surprisingly potent rise may occur which would be in reaction to the application of the stimulative paddles. The European resolution was a response to the Franco-Belgium travails of the widely held […]
