Gold has bounced off the bottom of this latest correction and is moving higher in an orderly fashion as it readies for the push through $2,000 to $2,100 later this year. There are strong indications that gold will launch a new move soon. Many factors would have to come together at exactly the same time to keep gold held down past this spring. I am [...]
Learning how to put gold in your IRA is not a difficult task, but it does take a little thought before you go down that path. There are a few things to consider that might have ramifications down the road. With that being said, let’s take a look at how to put gold in your IRA, while possibly explaining why you would want to. We [...]
SilverCorp Metals (SVM) is under attack by short sellers and the question we are left with is: Who Is Telling The Truth? SilverCorp’s shares got slammed for a 10 % loss on Friday, closing at $7.43 per share. There is more to this story than meets the eye and I think that we may be witnessing the opportunity to pick up shares in a quality [...]
So the Fed, in so many words, insists the economy is just facing a bump in the road. I feel much better now. It is so reassuring to have people in charge that know what is required to fix a problem and who are not afraid to take the steps to do it. Oh right, this is Bernanke and the Obama regime. For a second [...]
It is time for a Silvercorp Metals update! The precious metals stocks have been hammered during this latest correction for gold and silver. The price of silver has plummeted from its high of $48.58 to its current price of $36.51. Gold, on the other hand is within striking distance of $1,550 per ounce. Spot gold has barely corrected and yet, the gold stocks have been [...]
George Soros sold gold, did you? The discussion on his latest move will go on for some time, but I feel that Mr. Soros is simply trying to move the market in his favor. He knows that the fiat currencies of the world are nearing a crisis and he is simply trying to create an environment where gold will get sold so that he can [...]
What’s wrong with Kinross, KGC? Let’s start with the present, 2011 and work backwards. Kinross is projected to produce in the range of 2.5–2.6 million ounces of gold at an average cost in gold equivalent of $565 to $610 per ounce. At this Friday’s close of $1,542.40 per ounce, that equates to a profit of between $977.40 to $932.40 for every ounce that they [...]
With the gold and silver markets working through a correction, it’s time to take a look at Gabelli Funds: GGN. Those of you that follow me know that it was time to take profits a couple of weeks ago as the precious metals markets started this correction. Those of you that sold a third, or more, of your positions are now sitting on a lot [...]
Oil has taken center stage in the world news and I feel that it is important that we look at oil with an eye to investing in oil stocks after the immediate panic calms down and the shares pull back a little. With that said, I want to take a look at Russian oil companies because if any country can step up and provide the [...]
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