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Archive for November, 2009

Get the skinny on the “Greeks”

No matter what the investment, an investor needs to know and fully understand the potential risks of the investment prior to committing capital to that investment. In the options market, the Greeks define and quantify the risks of your position before you commit to the investment. Understanding the Greeks is a must for proper risk [...]

B of A’s Merrill Lynch Is Onboard!

The three stages of gold price appreciation to $1500/oz
Broad money in a number of key currencies expanded 7 to 10 times faster than gold supply in 2008. This trend is poised continue over the next 18 months. If EM CBs come to the conclusion that gold at the current prices is better value and offers [...]

Bargains Still Abound in a Few Gold Miners

Seeking Alpha has an informative piece about some laggards in the mining stocks which include

Agnico-Eagle (AEM)
Yamana Gold (AUY)
El -Dorado (EGO)
Red-Back Mining (RBIFF.PK)
Jaguar Mining (JAG)
Franco-Nevada (FNNVF.PK)
Aurizon Mines (AZK)

Two companies charts stood out to me as huge head and shoulder formations with the potential for big moves IF they break out:

The first is Agnico-Eagle (AEM).  A break [...]

There is nothing like gold fever!

Normally, I don’t pay much attention  to whether a chart is arithmetic or logarithmic, but it is useful to note the differences.  First we have a chart from StockCharts.com of $GOLD:

We know the movement from a breakout like this huge head and shoulder formation should go above the neckline, $1,000 as much as below $1,000.  [...]

Goldcorp To Buy Junior Canplats For C$238m

Canada’s second-biggest gold-miner, Goldcorp, has agreed to buy explorer , which owns the Camino Rojo project, 50 km from Goldcorp’s big new Penasquito mine, in Mexico. The move is part of a plan to create a “network” of low-cost satellite mines around the huge Penasquito operation, Goldcorp CEO Chuck Jeannes said on Monday. Full Article
Including [...]

US Commodity Funds To Begin Trading The “United States 12 Month Natural Gas Fund” (UNL)

According to ETF Daily News, “The outlook for low natural gas prices seems dim. What better time to introduce a new vehicle to invest in natural gas. With all of the controversy surrounding the United States Natural Gas Fund (UNG) just barely in the rear view mirror, UNG’s sponsor is launching yet another natural gas [...]

Holiday Giveaway From INO.com

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Happy Holidays! Please enter our Trader’s Blog Holiday Giveaway for a chance to win one of 12 prizes.
We will be selecting 1 winner every Monday, Wednesday, and Friday starting on November 30th through December 25th via phone call from the prize entries we receive. The winner will select their choice of prize from the list [...]

Gold And Golden Star (GSS)

In Adam Hewison’s latest video on gold, he looks at XAUUSDO, the spot gold chart, and sees cyclicality with peaks every 23 to 24 days.  He concludes that gold could pull back to back to $1,070 to $1,075.  Spot gold closed at $1,118 on Friday.  You can see the free video here.  In my view [...]

Jim Sinclair On Gold

To understand Gold you must listen to the interview of Jim Sinclair at King World News.  He says that Gold is trading in a classic, but rare Swiss stair formation.  He defines this as a market no longer ruled by COT players but governments.  What we are seeing is a markup to get supply, consolidation [...]

Got Tungsten?

If you like conspiracies, you’ll love this: Rob Kirby has the story of tungsten “salted” gold bars.
Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the [...]