Category: Gold and Silver Stocks 2013
The analysis published under this category are as follows.
Wednesday, August 21, 2013
Will the Stock Market S&P 500 Impact Gold Stocks? / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
With recoveries come questions. Will this last? Is this just setting up a bigger decline? The current recovery in the gold stocks has been both strong and broad based. It has occurred at a time when the stock market seems vulnerable. The stock market is up substantially since 2009. Yet, the most recent gains have resulted almost entirely from margin expansion rather than profit growth. Meanwhile, nominal GDP growth is the lowest ever (ex recessions). Gold stocks are up 16.8% in the last 13 days while the S&P 500 has declined by 3.4%. Should gold stock investors and speculators worry about the effect of a deeper decline or cyclical bear market on the mining sector? History says no.
Friday, August 16, 2013
Gold GLD ETF Investors Exodus Reversal / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
The flagship GLD gold ETF has suffered a radically unprecedented mass exodus this year. The capital fleeing this single vehicle was the primary reason gold plunged so dramatically in 2013’s first half. But just this week, money started flowing back into GLD for the first time in months. This likely marks the dawn of the GLD exodus’s reversal, which is wildly bullish for gold. Falling stock markets will play a critical role.
The GLD gold ETF is now formally called SPDR Gold Shares. Rising from modest beginnings nearly 9 years ago, it has grown into a dominant force in the global gold markets. This is because GLD acts as a conduit for the vast pools of US stock-market capital to easily and quickly flow into and out of gold bullion. These capital flows can greatly affect overall gold demand over short periods of time, buffeting gold’s price.
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Friday, August 16, 2013
Warning Don’t Try to Time the Gold Market / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
Don't ask Louis James if the gold price has reached bottom. He doesn't care. The senior editor with Casey Research is too busy trying to ferret out those gold miners with a bird in the hand, as he calls it in this interview with The Gold Report. He travels the world, most recently visiting Ethiopia, looking for companies with an overlooked story, an undervalued mine, an underappreciated grade. While James knows no one can time the market, he is quite certain he has found some good values.
Wednesday, August 14, 2013
Gold Stocks are Leaving the Station / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
All aboard and back up the truck. The recovery train is soon to leave the station for higher prices!
Obviously, the ideal time for that would have been at the exact bottom. Hours before that bottom we penned an article titled, Epic Opportunity in Gold Stocks. A number of factors came together making a near bulletproof case for a major bottom. Bulletproof is a dangerous word to use and especially for someone (cough, me!) who had anticipated a huge rebound as early as the spring.
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Tuesday, August 13, 2013
Mining Stocks with the Grade to Survive the Silver Price Downturn / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
It's one thing for a silver producer to make a profit at $28/oz and quite another to do the same at $20/oz, declares Chris Lichtenheldt, senior mining analyst at Dundee Capital Markets. In this interview with The Gold Report, Lichtenheldt examines eight silver companies, detailing which ones will be rewarded for high-grade assets and which ones punished for high costs. And he explains why one of his favorites is a silver company that doesn't actually produce silver.
The Gold Report: Silver seems to have stabilized at $20/ounce ($20/oz). Is this significant? If this support holds, can we expect upward movement?
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Thursday, August 08, 2013
Gold Bugs Index (HUI): Buy, Hold or Sell? / Commodities / Gold and Silver Stocks 2013
By: Peter_Zihlmann
The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal dollar weighted index of companies involved in gold mining.
The HUI Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years.
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Tuesday, August 06, 2013
Gold Stocks Correcting in Typical Post-Bottom Fashion / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
In our last editorial we presented the bulletproof evidence that the gold stocks had put in a major bottom. We included a historical chart that was supplemented by a major reversal at a Fibonacci strong target and on record weekly volume. At the end of that piece we noted that the sector could correct before it would accelerate to the upside. Looking at historical rallies from major bottoms we noticed that there tends to be a consolidation or correction around the 50-day moving average. The sector is two weeks into that correction. Don't worry bulls, this is exactly what happens following the initial rebound.
Friday, August 02, 2013
Junior Gold Stocks Confidence Crisis / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold’s miserable 2013 has been devastating for gold stocks. This sector, arguably the best performing over the 2000s, has quickly become the pariah of the markets. And no group of gold stocks has seen more carnage than the junior explorers.
Descriptive of their name, junior gold explorers are small mining companies that explore for gold. And within this sub-sector is a wide spectrum of exploration stages, from early-stage to advanced-stage.
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Tuesday, July 30, 2013
Are Gold Stocks on the Cusp of an Upswing? / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
It is like a carrot on a stick for small-cap mining investors: the promise that we have finally hit bottom and can expect gold prices and stocks to begin to emerge again. That time is almost here, according to Ron Struthers, the publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers discusses how a run on bullion banks has played with the gold price and which indictor is telling him things are about to move. If Struthers' forecast is right, the market could be on the cusp of one of its best corrections yet.
The Gold Report: Ron, the Federal Reserve has decided to continue quantitative easing (QE) for the foreseeable future. Gold has risen steadily since that news. Is that what you predicted the Fed would do?
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Saturday, July 27, 2013
The Chart that Signaled the Bottom in Gold Stocks / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
Some readers may be sick of seeing this chart but I believe there is no more important chart when assessing or describing the current market (in gold stocks). From a weekly price perspective the recent bear market labeled E finished down 65%. It was almost identical in trajectory, time and price to C, the 1968-1970 bear market and fairly close to D, the 1974-1976 bear market. Both of those bear markets were followed by tremendous advances which took the 1960-1980 secular bull market to new all-time highs. Simply put, by itself this almost bulletproof evidence of a major bottom and likelihood of major gains directly ahead.
Friday, July 26, 2013
Gold Stocks Bull Market Rebirth / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold stocks are actually enjoying a great month, a stark contrast to this year’s brutal death spiral lower. But after catapulting up by more than a quarter in less than a month, investors are wondering what to do next. Is it time to cut losses before the catastrophic plunge resumes, or double down on the birth of a major new upleg? With this sector still wildly oversold and absurdly undervalued, I’m betting on the latter.
Traders viscerally despise precious-metals miners and explorers these days, for good reason. Year-to-date as of late June, the flagship HUI gold-stock index had plunged an astounding 53.4%! This was against a backdrop of stellar general-stock performance, where the benchmark S&P 500 surged 12.4%. Even gold’s rotten year to that point, -26.7%, was great compared to the excruciating gold-stock carnage.
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Tuesday, July 23, 2013
Gold - 'Never Mind', Quantitative Easing Is A Time Bomb / Commodities / Gold and Silver Stocks 2013
By: Submissions
John Ing writes: "Never mind" was how Gilda Radner's character, Emily Litella ended her rants on Saturday Night Live. Ben Bernanke should have said "never mind" after threatening the Fed might take the punch bowl away. Within days, following a panic in the markets he later recanted fearing that the hangover could be worse. The threat of the end of easy money was enough to knock a third off the gold price including a collapse of $150 in only two trading days in April. The prospect of higher rates caused big losses just after the Dow and Standard & Poors reached new highs. While the Fed's addiction to cheap money eased some of the pain from the financial crises, surprisingly not enough money was printed to sustain global growth. Instead trillions flowed into riskier investments inflating a string of asset bubbles in the financial world, destabilizing normalized markets as investors chased stocks and bonds in the search for higher returns.
Tuesday, July 23, 2013
Separating Junior Gold Stocks Winners From Loser / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Gold juniors need to get back to the basics, says Eric Coffin, and it is going to take large discoveries to get the market excited again. In this interview with The Gold Report, the publisher of Hard Rock Analyst explains how the new economics of gold production require investors to concentrate on companies with three specific qualities, and names companies and the regions that could generate breakout projects.
The Gold Report: Federal Reserve Chairman Ben Bernanke indicated last month that the Fed would begin to taper quantitative easing in September. The equity markets responded quite negatively to this. In the wake of this response, do you think the Fed is committed to this new policy?
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Tuesday, July 23, 2013
Gold Stocks Sector: A Small Fish in a Big Pond / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
By Andrey Dashkov, Research Analyst:
Earlier in July, Jeff Clark showed in his article A Rare Anomaly in the Gold Market that the gold sector is dramatically undervalued based on its price-to-book ratio. In this article, I would like to expand on his analysis and provide some additional context.
Friday, July 19, 2013
Gold and Silver Miners Rolling Over Again / Commodities / Gold and Silver Stocks 2013
By: Dr_Jeff_Lewis
The bullish case for silver is easy enough to make. It also makes sense that if the price per ounce eventually takes off, then the miners would do well.
Nevertheless, the problems that silver miners face are multifaceted and will be discussed further in the following sections.
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Thursday, July 18, 2013
Now Time to Buy Gold Mining Stocks? / Commodities / Gold and Silver Stocks 2013
By: P_Radomski_CFA
The most important Wednesday’s event was Ben Bernanke‘s testimony. The Fed Chairman said the U.S. central bank still expects to start scaling back bond purchases later in the year, but left open the option of changing that plan if needed.
We all know that every action has a reaction. Yesterday gold rallied and climbed to a three-week high at $1,300 per ounce after Bernanke's remarks. This optimism didn’t last long. The yellow metal gave up the gains as the dollar remained strong and dropped slightly above $1,270 later in the day.
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Tuesday, July 02, 2013
A Rare Anomaly in the Gold Stocks Market / Commodities / Gold and Silver Stocks 2013
By: Jeff_Clark
Gold stock investors have been pummeled, including myself. Worse, we've had to hear "I told you so" from all the gold haters in the media.
There are a few commentators expressing mild interest in gold at these levels, but one thing I haven't heard any of them talk about is a metric that gold analysts are rarely able to use, because gold stocks just don't get this undervalued.
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Monday, July 01, 2013
The Bell Just Rang On Gold Stocks - The Lows Are In! / Commodities / Gold and Silver Stocks 2013
By: David_Banister
As they say on Wall Street, “They don’t ring bells at the top” and for sure they usually don’t give you a phone call at the bottom either. Many heads have rolled trying to call this recent near 2 year downdraft in Gold in terms of bottom callers, me included. I thought we would never get much below 1440 or so from the 1923 highs, but alas we all know we did.
Sunday, June 30, 2013
Gold Stocks Low? / Commodities / Gold and Silver Stocks 2013
By: WavePatternTraders
I have been tracking a potential 5 wave decline in Gold stocks to help me also find a low in Gold.
Fridays reversal in both the $HUI and Gold was an encouraging sign for the bulls and whilst its only a 1 day move, it has the potential for something much more.
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Saturday, June 29, 2013
Epic Investor Opportunity in Gold Stocks / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
First, let me say I've been way too early on this call. I've been wrong and don't deny it. You have to own up to mistakes, learn from them and be humble. Moving along, the precious metals sector is likely days or potentially hours away from a bottom. With respect to Gold, we are targeting $1180 or slightly below with $1080 as a worst-case scenario. The stocks are a bit more instructive for several reasons. First, they have a more consistent history and second, the stocks bottomed ahead of Gold (using daily closing prices) at the major lows in 2000-2001 and 2008. Using data from the Barron's Gold Mining Index (BGMI) and the HUI Gold Bugs Index (HUI) we put together a chart of all of the major declines in gold stocks. We also annotated the ensuing recoveries.