With a correction in progress, technical analyst Jack Chan charts the indices precious metals investors should be watching. GLD is on sell signal. SLV is on sell signal. GDX is on sell signal. XGD.TO is on sell signal. CEF is on sell signal. USD is on buy signal. Summary Long term: on a major buy […]
What to Consider as Gold Correction Continues Read More »
Money manager Adrian Day profiles three large miners in his portfolio that have had success solving problems yet are still inexpensive. Goldcorp Inc. (G:TSX; GG:NYSE 16.02) has had a tough year. After reporting a year-end loss of $4.1 billion due to writing off and down various projects—a supposed clearing of the decks for the new
Three Large Miners That Are Still Inexpensive Read More »
Adrian Day provides an overview of recent developments at three resource companies on his list. The recent pullback in precious metals stocks has provided opportunities to add to positions, and there is one buy. Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) continues to be a mixed bag. Operations are on track at most mines, other than
Pullback in Precious Metals Stocks Offers Opportunities Read More »
Construction has begun on a new heap leach facility at Rye Patch Gold Corp.’s Florida Canyon Mine in Nevada, a move that Dundee Capital Markets’ analyst Ron Stewart believes could add value for investors over both the long and short terms. Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX) announced the construction start in an Aug. 29
Rye Patch Jump-Starts Florida Canyon Mine Production with New Heap Leach Facility Read More »
On the back of one of the biggest rallies in resource history, many junior resource shares are up hundreds of percent. Bob Moriarty of 321 Gold profiles Redstar Gold, a company he believes is still cheap in this bull market. Finding diamonds in the rough isn’t difficult. What is difficult is finding diamonds in the
Redstar: High-Grade Gold in Alaska Read More »
Money manager Adrian Day provides an update of his non-resource holdings and his interpretation of the Federal Reserve’s activities. All of the Business Development Companies have moved up strongly in recent months from their grossly oversold year-end levels, in line with many other “dividend” plays, such as utilities. In general, we are holding, given the
Few Buys in Global Markets After Rallies Read More »
Exploration at Hot Chili Ltd.’s Productora copper project, located in Chile, has uncovered a gold resource at Sierra Zapallo, prompting analyst Trent Barnett of Hartleys to upgrade the company to a Speculative Buy. Though Hot Chili Ltd.’s (HCH:ASX) Productora is a copper project—Hot Chili lists resources at the site at more than 1 million tonnes
Hot Chili's Hot Chilean Gold and Copper Prospects Read More »
Precious metals specialist discusses the recent correction in the gold market and the moves by bullion banks behind them. I have been writing these missives since mid-1986 when I was able to hide under the cloth of “client service” rather than “investment research” because the management of brokerage firms will NEVER allow their names to
Late-August Calm a Breeding Ground for Bullion Bank Shenanigans Read More »
Technical analyst Jack Chan charts a correction in the gold and silver markets and plots his investment strategy. Our proprietary cycle indicator is down. We are short GLD with a tight stop. Our ratio remains on sell signal. Summary A bull market in gold and silver has been confirmed, but the cycle is down and
Correction in Gold and Silver Underway Read More »
Technical analyst Clive Maund reflects on how Federal Reserve statements may affect markets, and explains why he thinks the precious metals markets are due for a correction. While the Fed is almost powerless these days, as it has succeeded in “painting itself into a corner,” the markets still seem to think that its utterances are
The Precious Metals Sector and the Fed. . . Read More »