Category: Gold and Silver Stocks 2013
The analysis published under this category are as follows.
Wednesday, October 30, 2013
What NOT to Do When Investing in Gold Miners / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
By Eric Angeli, Investment Executive, Sprott Global Resource Investments
Precious metals miners are the most volatile stocks on earth. They're so volatile that investors often forget that underneath those whipsawing stock prices lie real businesses. But even many of those who consider themselves old pros in natural-resource investing tend to get one thing wrong. Eric Angeli, an investment executive with Sprott Global Resources and protégé of legendary resource broker Rick Rule, explains how not to fall into the "top-down" trap…
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Thursday, October 24, 2013
Gold Stocks Continue Bottoming Pattern / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
A month ago we noted that the gold stocks were headed lower and to a potential double bottom that would create another great buying opportunity. After seven straight weeks of price declines, the gold stocks rebounded last week and are off to a good start this week. We can't be sure if a double bottom or some complex head and shoulders pattern is developing. Regardless of the specific pattern, a bottom seems to be developing and another great buying opportunity could be at hand.
Saturday, October 19, 2013
Gold Mining Stocks Profits Fallacy / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold miners’ stocks have been brutalized this year, leaving them bleeding in the gutter as the most hated sector in all the markets. Plunging prices always lead to fear and excessive bearishness, unsustainable anomalous extremes that investors desperately try to rationalize as righteous. Today the bears’ primary rationalization against gold miners is the notion they can’t earn any profits, which is a complete fallacy.
Stock prices have always been the result of an endless tug-of-war between fundamentals and sentiment. Fundamentals measure how much any stock is worth based on its underlying company’s earning power. Naturally this only changes slowly, so stock prices would be very stable and gradual if fundamentals were their sole driver. Imagine a price chart with a largely-straight line, trending modestly higher or lower.
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Friday, October 11, 2013
Gold Stocks Have Never Been As Cheap as Right Now / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold stocks continue to be universally despised, plagued by extreme bearishness. This has hammered their stock prices to epically-undervalued levels that are truly fundamentally absurd. This whole sector is now trading as if the gold price was less than a third of current levels! This massive disconnect has created vast opportunities for brave contrarians who have forged the mettle to buy low when few others will.
For literally thousands of years around the entire planet, gold has been an indispensable asset. It has been Tolkien’s One Ring of money, ruling over all national currencies ever created. It has been essential for wealth preservation and portfolio diversification, not to mention inflation protection and capital gains. The natural human lust for gold has dramatically reshaped world history, there is simply nothing else like it.
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Wednesday, October 09, 2013
Gold Stock Investors Keep the Best and Dump the Rest / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Greg McCoach, publisher of Mining Speculator newsletter, is not ashamed to admit he has taken a big hit in juniors in the last couple of years. What he has done in response is what he advises all investors to do in this interview with The Gold Report: Get rid of the also-rans and keep and build positions in those companies that have what it takes to gain in multiples when the market recovers. And he suggests six companies that could do just that.
The Gold Report: You wrote recently, "The 2008 crisis will pale in comparison to what is now on the horizon." Given that the 2008 crisis nearly destroyed the world economy, how bad will the next crisis be?
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Tuesday, October 08, 2013
Gold Mining Stocks Sector Resembles a Somme Battlefield / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Technical trader Clive Maund, the force behind CliveMaund.com, tells The Gold Report that the prolonged naked shorting of precious metals stocks has been immensely destructive to the sector and has left a battlefield littered with corpses, like the first day of the Battle of the Somme. The silver lining: He believes his charts are showing a Head-and-Shoulders bottom, which could signal an excellent entry point. That is good news for the companies Maund highlights, which he believes are strong enough to survive the onslaught.
Friday, October 04, 2013
Gold Stocks Ostrich Investors / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold stocks are inarguably the most-hated stock sector on the planet these days. After they spent 2013’s first half plunging precipitously, investors have left them for dead. Even most former contrarians who earned vast profits in gold stocks over a decade have gone ostrich. This is a terrible mistake, as the best times to buy low are when sectors are universally loathed. Peak bearishness occurs right before they soar.
I first wrote about ostrich investors back in early 2009, in a very different context. Ostriches are the kings of birds, mighty animals growing up to 9 feet tall and weighing up to 320 pounds! They can run well over 40 miles per hour, and their tremendously powerful kicks can even prove lethal for humans. Yet they have the metaphorical reputation of hiding their heads in the sand in the face of danger. It’s untrue, but useful.
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Friday, October 04, 2013
Gold and Silver Need Stock Market Weakness / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
We’ve discussed the negative correlation between precious metals and the stock market. It has now been in place for over two years. Since September 2, 2011, the HUI Gold Bugs Index is down 64% while the S&P 500 has gained 43%. Silver has lost 48% while Gold has shed 28%. It’s not exactly groundbreaking analysis to say that a decline in the general market would be good for precious metals. After all, it’s happened in the past which includes various times in the 1970s as well as the Y2K tech bust. Given the scope of the decline in precious metals, some generalist or mainstream money needs to come in for the sector to sustain a rebound. That money will only dip into precious metals once the general market struggles.
Wednesday, October 02, 2013
Ground Control to Major Tom: Gold Reserves Are in Jeopardy / Commodities / Gold and Silver Stocks 2013
By: Jeff_Clark
When you hear about the "gold reserves" a mining company has in the ground, the natural assumption would be that they're talking about a fixed number of ounces. After all, gold doesn't decay, and neither does it grow legs and move someplace else.
Tuesday, September 17, 2013
Gold Stocks Trend Forecast Into 2014 - Historic Buying Opportunity Coming / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
Recently we’ve been writing that another opportunity is coming to buy gold stocks. While this is still the case, the facts have changed and we have to tweak our view. The evidence argues that the mining stocks are now likely to retest their lows. Rather than that buying opportunity being days away, we now feel it is weeks away. Investors and speculators need to have more patience. In this missive we discuss why a retest is coming but why it could mark a final bottom and a tremendous buying opportunity.
Saturday, September 14, 2013
Barrick Gold Miner Gets 10 out of 10 / Commodities / Gold and Silver Stocks 2013
By: Richard_Mills
Barrick Gold Corp. wasn’t always a gold miner, it started as a privately held oil and gas company - Barrick Resources. After suffering huge financial losses Peter Munk, the principal shareholder, decided to focus on gold.
The company’s first acquisition, in 1984, was the Renabie mine near Wawa, Ontario and it produced roughly 16,000 ounces of gold that year for Barrick. Then Barrick acquired Camflo Mining in 1984, Camflo had operations in the province of Quebec and in Nevada, U.S.A.
Barrick’s next acquisition was the Mercur mine in Mercur, Utah in June 1985, followed by the Goldstrike mine, in Nevada, in 1986.
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Thursday, September 12, 2013
Gold and Silver Stocks Ten Week Counter Trend Rally ..Up Close and Personal / Commodities / Gold and Silver Stocks 2013
By: Rambus_Chartology
Tonight I would like to show you some charts of what this nearly 10 week counter trend rally looks like compared to this downtrend that has been in place since the highs made one year ago. I want to start with a one year two month chart for the HUI that starts with the right shoulder top, for the massive H&S topping pattern, Big S. This chart may look a little busy but if you start at the top left side corner, Big S, you will see the downtrend channel that has been in place for one year now and shows all the consolidation patterns that have formed during this time. Looking at the top left side of the chart the first chart pattern you see is the black bearish falling wedge which at the time I thought would be a bullish falling wedge. Note the two day hard break below the bottom black rail of the bearish falling wedge. That was my cue that the black 5 point falling wedge was a reversal pattern to the downside. The red arrow and the purple vertical dashed line shows you where we took our first position in DUST, which is a 3 X short the precious metals stocks index, on December 3rd, 2012. As you can see we bought the backtest to the underside of the black falling wedge reversal pattern. We slowly kept building our short position as the downtrend unfolded.
Monday, September 09, 2013
The High-Tech "Gold Rush" Officially Begins / Commodities / Gold and Silver Stocks 2013
By: Money_Morning
Michael A. Robinson writes: If you've blinked in the last 14 days, you might have missed this...
ARM Holdings PLC (Nasdaq ADR: ARMH) - one of the world's dominant mobile-device chip companies - bought a small Finnish software startup called Sensinode Oy in a deal whose price wasn't reported.
And most folks shrugged it off as just another of the thousands of below-the-radar deals that companies do every year.
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Friday, September 06, 2013
Gold and Silver Stocks No Retest of June Lows / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
Recently I’ve received some emails from those who are concerned about a retest of the June low in the precious metals complex. That prompted me to look at how rebounds develop from significant bottoms. In recent months we focused on historical bottoms in gold stocks and it helped us to pinpoint the best buying opportunities. In this editorial we broaden the scope and examine how certain bottoms play out and why they play out in a particular manner. The length and depth of the preceding bear market helps us to understand how the ensuing bull market evolves during its initial rebound.
Thursday, August 29, 2013
Another Chance Coming to Buy Gold Mining Stocks / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
Last week we wrote: “Technically, the gold stocks continue to follow a typical post-bottom rebound path and look very strong. The daily RSI of GDX is at a 10-month high as GDX consolidates around $30. We’d love to see GDX consolidate for a few weeks but it may break above $31 within days.” On Monday and Tuesday GDX traded up to $31 but failed to close above it. Tuesday we saw a nasty bearish reversal which confirms that GDX over the very short-term will correct and consolidate its gains. This is good news as it will alleviate the overbought condition and put the market in position to launch a sustainable breakout around the end of September.
Wednesday, August 28, 2013
Gold Mining Stocks Write-Downs: Death Sentence or Opportunity? / Commodities / Gold and Silver Stocks 2013
By: Jeff_Clark
For many primary gold producers, Q213 was a breathtakingly bad quarter. It wasn't so much the massive drop in earnings many reported—those had been, for the most part, expected—but the so-called "impairment charges" announced.
(Impairment is the opposite of appreciation, that is, the reduction in quality, strength, amount, or value of an asset. "Impairment charges" means that a company reduces or "writes down" the value of the assets on its books.)
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Friday, August 23, 2013
Time To Focus On Economically Viable Junior Gold Miners / Commodities / Gold and Silver Stocks 2013
By: Jeb_Handwerger
We may have seen the bottom in the precious metals and the miners. A major uptrend could just be beginning in these oversold sectors. We are starting to see the major miners such as Barrick (ABX), Newmont (NEM) and Kinross (KGC) rebound off of historic 20 year lows as they raise cash and sell off higher cost assets. The market may have already priced in a worst case scenario. Gold and silver prices are rebounding strongly, which may cause a powerful move in the historically oversold sector. With stronger balance sheets, the majors will be able to focus on lower cost, more profitable and secure Nevada mines where they are producing gold below $400 an ounce.
Thursday, August 22, 2013
Gold Mining Equities: A Play Against the Tide / Commodities / Gold and Silver Stocks 2013
By: GoldSilverWorlds
If 2013 was considered a bad year for gold, it was a disaster for gold mining equities that were slashed by almost 50% by mid-year. The April and June sell-offs brought gold down to USD 1,300 – a level that it had not witnessed since September 2010. Many found this sell-off was more of a frenzy and nervous reaction to a series of bad news: the US Treasury announcing it is considering tapering its economic stimulus program, Cyprus revealing it will sell off ‘excess’ gold reserves to finance its bailout by the European Central Bank, not to mention weaker Chinese economic growth figures. The outlook on gold was bad, and dragged gold mining equities along with it. But there is more to the gold mining story – and if investors agree that the past six months were in fact a frenzy, and start looking closer, they will then find a number of benefits and investment opportunities that were overlooked in the past.
Thursday, August 22, 2013
Why Is Anti-Goldbug Dennis Gartman Getting into Gold? / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Dennis Gartman, the editor and publisher of The Gartman Letter, has made no secret of his disdain for gold. But he believes a good trader is agnostic of everything. So, when technical charts indicated it was time to buy, he did. In this interview with The Gold Report, Gartman talks about how he has been playing gold off of other currencies to turn a profit and discusses if he is ready to get into gold equities yet.
The Gold Report: Dennis, in late July, you told CNBC that you're a "buyer of gold" after being what amounted to the grand marshal for the gold bear parade. Why did you change sides?
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Wednesday, August 21, 2013
Peak Gold / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
By Andrey Dashkov, Research Analyst:
In the mining business, it is said that grade is king. A high-grade project attracts attention and money. High-grade drill intercepts can send an exploration company's stock price higher by an order of magnitude. As a project moves to the development stage, the higher the grade, the more robust the projected economics of a project. And for a mine in production, the higher the grade, the more technical sins and price fluctuations it can survive.