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When gold and silver crashed, I dialed in my favorite leveraged proxies for close viewing – Royal Gold (RGLD) and Silver Wheaton (SLW). Both are great businesses – junior miners who don’t actually do any mining. Rather they are royalty companies, who own the gold and silver in the ground respectively, and cut deals with […]
With the precious metals recovering from their recent free fall, you would think investor sentiment would be at rock bottom levels. If so, then you (and me) would be wrong – at least according to an indicator that only our technical expert Carl Swenlin would have a beat on! Precious Metals Sentiment by Carl Swenlin […]
Casey Research’s Louis James takes a look at the performance of gold stocks over the past decade, and reaches a surprising conclusion that puts their recent underperformance in perspective… **** Gold Miners vs. the S&P: Surprising Conclusions by Louis James, Chief Metals & Mining Investment Strategist, Casey Research We often hear the claim that gold producers […]
Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]
Top commodity trader Peter Brandt writes that gold is entering the next leg up in its bull run, evidenced by its recent breakout vs the Swiss Franc, which he uses as a leading indicator for the price of gold in general. He sees a breakout for gold vs the Swissie on the daily, weekly, and […]
by Carl Swenlin After languishing for three months in a sideways consolidation, gold has finally begun moving up again. This is encouraging for gold investors, but there are still obstacles to be overcome before it can be considered to be fully in the clear. (This is a recent excerpt from the blog for Decision Point […]
Paul van Eeden, Agora Financial Investment Symposium After a solid week of collective Bernanke bashing, Paul van Eeden had the guts to stroll up to the stage and say: “Ben Bernanke has done an outstanding job of preventing deflation and controlling inflation.” He said this with a straight face, he was sincere, and he managed […]
Platypus Rex: End Times Investment Wisdom for the Duck Billed Dan Denning, 2012 Agora Financial Investment Symposium Dan Denning, Editor of The Daily Reckoning Australia, believes 2012 is a lot like 2007, but with more denial. The risk in the system has been transferred from the periphery (bad mortgages) into the core (US Treasuries) – which […]
We’ve discussed the pitfalls of investing in gold mining shares at length before. The junior miners are generally a sucker’s bet unless you know management (as we were fortunate to in the case of AuEx Ventures). And the larger miners have an inflation problem. Gold has been going up, but so has their input costs. […]
Thanks at least partly to contrary investing legend Gordon “Goldfinger” Brown, who sold 395 tons (60%) of the UK’s gold reserves between 1999 and 2002 for a whopping average price of $275 per pound (Wikipedia), central banks have been known as contrary indicators on gold. With the masters of the universe now beginning to load […]
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