Continue reading Endeavour Silver (EXK): 'Massive Organic Growth'

Endeavour Silver (EXK): 'Massive Organic Growth' originally appeared on BloggingStocks on Thu, 31 Mar 2011 09:30:00 EST. Please see our terms for use of feeds.

Continue reading Silvercorp Metals (SVM): Silver Breakout

Silvercorp Metals (SVM): Silver Breakout originally appeared on BloggingStocks on Tue, 08 Mar 2011 15:00:00 EST. Please see our terms for use of feeds.

Gold has been lingering around the $1,335 per ounce for the past several weeks. This prompted many hedge funds to sell their holdings.

Then came the turmoil in the Mideast. First Tunisia and Egypt, now Libya, Bahrain, Yemen and others. That was the catalyst that gold needed. It shot to a new record high of $1,432.10 in the spot market. April gold futures settled at $1,431.20 per ounce, as reported in Reuters.

Continue reading Gold Soars to a Record High on Mideast Turmoil

Gold Soars to a Record High on Mideast Turmoil originally appeared on BloggingStocks on Wed, 02 Mar 2011 12:20:00 EST. Please see our terms for use of feeds.

Not long ago, there was much talk that the silver rally was over. But it looks like it was just a correction. Of course, silver recently hit a 30-year high, with the price moving over $34 an ounce.

A big part of the spike has been the result of a surge in investment demand, especially from hedge funds. Their positions reached the highest levels in four months (this is according to the net-long position on the COMEX).

Continue reading Hedge Funds Ramp Up on Silver

Hedge Funds Ramp Up on Silver originally appeared on BloggingStocks on Tue, 22 Feb 2011 12:30:00 EST. Please see our terms for use of feeds.

"Gold rises with inflation and in times of crisis, like we have today; and, as a result, many countries are buying gold," says Mary Anne and Pamela Aden.

The long-standing resource sector expert and co-editors of The Aden Forecast explain, "They know it's the ultimate currency and gold is again taking its place in the global monetary system, as it has for thousands of years.

"The actions of the world's central banks tell the story. At the very least, this is going to keep upward pressure on gold in the years ahead.

Continue reading The Aden Sisters on Gold: 'Stay with the Mega-Trend'

The Aden Sisters on Gold: 'Stay with the Mega-Trend' originally appeared on BloggingStocks on Mon, 21 Feb 2011 10:00:00 EST. Please see our terms for use of feeds.

Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market. That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce, up 72 cents.

Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero.

Continue reading Silver Near a 31-Year High

Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds.

As investors, we are always looking for guidance. For those of you invested in gold, this survey bears reading. Reuters polled 65 analysts to find out what their crystal balls are saying about the price of gold in 2011 and 2012.

For this year, they are looking for a median price of $1,450 per ounce, 18% higher than 2010's median price of $1,225.60 per ounce. The forecast is just above the record of $1,430.95 set in 2010. A breakdown by quarters is as follows:

Continue reading Reuters Poll: Gold Prices to Plateau in 2011

Reuters Poll: Gold Prices to Plateau in 2011 originally appeared on BloggingStocks on Fri, 04 Feb 2011 10:30:00 EST. Please see our terms for use of feeds.

After a torrid year, the commodities markets showed some weakness is January. For example, gold fell by about 6%.

So is this a correction or finally a bear market?

Well, legendary investor, Jim Rogers, still thinks that commodities are the best place for your investment dollars (according to an interview on CNBC). No doubt, he has lots of credibility. When others snickered, Rogers started to invest in commodities in the late 1990s. He even wrote a book on the topic.

Continue reading Jim Rogers Is Still a Big-Time Commodities Bull

Jim Rogers Is Still a Big-Time Commodities Bull originally appeared on BloggingStocks on Thu, 27 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

With the surge in copper prices -- and other industrial and precious metals -- it was no surprise that Freeport-McMoRan Copper & Gold (FCX) had a great quarter. Net income rose 60% to $1.55 billion or $3.25 per share. Excluding a $0.01 charge, the earnings handily beat the consensus of $3.03. As for the top line, revenues increased 22% to $5.6 billion. The Street estimate was for $5.47 billion.

Despite all this, the stock was off nearly 6% early Thursday. No doubt, one reason is that it has had a strong run over the past few months and the valuation was getting overextended.

Continue reading Freeport-McMoRan's Forecast Overshadows Strong Quarter

Freeport-McMoRan's Forecast Overshadows Strong Quarter originally appeared on BloggingStocks on Thu, 20 Jan 2011 11:30:00 EST. Please see our terms for use of feeds.

Continue reading Chasing Value: Caterpillar Is Not Dirt Cheap

Chasing Value: Caterpillar Is Not Dirt Cheap originally appeared on BloggingStocks on Mon, 15 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

Gold prices have marched to a new high of $1,422.45 per troy ounce in London. This marks the fourth day of the gold rally.

The Wall Street Journal (subscription required) cited that the prime mover was continued worry over European sovereign debt defaults.Traders and investors are riding the bull higher and higher. To help the gold along, the U.S. dollar is weaker, sparking a rally in key commodities like oil and grains. Cotton is also up again.

Continue reading Gold Climbs to Yet Another Record High

Gold Climbs to Yet Another Record High originally appeared on BloggingStocks on Tue, 09 Nov 2010 11:00:00 EST. Please see our terms for use of feeds.

Continue reading Gold Roars to a New Record

Gold Roars to a New Record originally appeared on BloggingStocks on Thu, 14 Oct 2010 09:30:00 EST. Please see our terms for use of feeds.

First off we should distinguish between precious metals and base metals. Copper and zinc fall in the category of base metals. Base metals are used in construction and products. So copper and zinc are more a supply-and-demand play than precious metals. The prices of base metals move almost in lock-step to basic supply.

Goldman Sachs Group (GS) has an international division that specializes in commodities. Much of the data comes from London, which is a hub for commodities trading. The London Metals Exchange (LME) is where this trading takes place. Traders like Goldman can monitor trading and inventories at the LME and run estimates of supply and demand based on trading activity, both on and off exchanges.

Continue reading Goldman Sachs Forecasts $11,000 a Ton for Copper

Goldman Sachs Forecasts $11,000 a Ton for Copper originally appeared on BloggingStocks on Tue, 05 Oct 2010 13:40:00 EST. Please see our terms for use of feeds.

Precious metals moved higher today, led by gold, which set another record high. Here are the numbers:

• December gold futures are trading at $1,328.20, per ounce, up $11.40 (as of 8:00 am EDT)
• December silver is up 23 cents to $22.27 per ounce.
• October platinum is trading at $1,681.7 per ounce, up $14.
• December Palladium is up $7.20 to $568.50 per ounce.

Continue reading Gold and Silver March to New Highs

Gold and Silver March to New Highs originally appeared on BloggingStocks on Tue, 05 Oct 2010 10:30:00 EST. Please see our terms for use of feeds.

If you're a gold expert, by all means, invest or trade away. But the view from here argues: if you're not, stand aside.

There's a phrase in trading circles called "dumb money, and dumber money." It refers to novices who enter a given market (or trade) too late, often at the point of a bubble, and others who enter slightly after that. Typically, both trades end badly. On Wednesday gold closed up $2 to $1,310.30 per ounce. It hit a record $1,314.80 earlier in the day.

Continue reading Gold: Has the Easy Money Already Been Made?

Gold: Has the Easy Money Already Been Made? originally appeared on BloggingStocks on Wed, 29 Sep 2010 17:30:00 EST. Please see our terms for use of feeds.

Spot gold in London hit $1,299.65. The December gold futures contract traded at $1,301.30, setting new record highs, as reported in Reuters.

Gold resumed its rally mode when the U.S. Federal Reserve indicated that it will provide more stimulus to the U.S. economy. That triggered commodities to move higher in anticipation of more inflation.

Continue reading Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks

Gold Rises to $1,300 per Ounce; U.S. Dollar Sinks originally appeared on BloggingStocks on Fri, 24 Sep 2010 11:20:00 EST. Please see our terms for use of feeds.

"Silver currently shows a powerful 'cup-and-handle' formation; we've seen similar formations for gold over the past couple of years, and each time the metal subsequently rallied to new all-time highs," notes Brien Lundin.

The editor of The Gold Newsletter -- and the host of the annual New Orleans Gold Conference -- explains, "This pattern is a potent indication of a rally ahead.

In short, silver is shining right now, and seems ready to gleam even more brightly, especially in comparison to gold. Meanwhile, one of our favorite silver stocks is Silvercorp Metals (SVM).

Continue reading Silvercorp (SVM): Top Pick Among Silver Miners

Silvercorp (SVM): Top Pick Among Silver Miners originally appeared on BloggingStocks on Fri, 17 Sep 2010 11:00:00 EST. Please see our terms for use of feeds.

"The "golden" days lie ahead for silver and investors who get exposure to this commodity and stocks in the sector; in my view, there is no better silver miner than the 119 year old Hecla Mining (HL)," says Ian Wyatt.

The editor of Top Stock Insights explains, "The company is one of the oldest miners in the U.S. and operates in Alaska and Idaho.

"Over the past 12 months, silver has lagged increases in gold by a large margin and that will not last. Investors buy silver for the same reason as gold, inflation.

Continue reading Helca Mining (HL): 'No Better Silver Miner'

Helca Mining (HL): 'No Better Silver Miner' originally appeared on BloggingStocks on Wed, 08 Sep 2010 10:00:00 EST. Please see our terms for use of feeds.

As of 9:00 am. (EDT) October gold futures rose $12.10 to $1,227.5 per ounce. You are probably asking why such a strong move? The short answer is that gold is viewed as a safe haven investment.

Economies around the world are getting weaker. Japan reported GDP growth of just .1% in the recent quarter. The U.S. economy is also getting weaker, rising only 2.4%.

The weak U.S. economy is putting pressure on the dollar. The September US dollar futures fell .588 to 82.45. ABN AMRO stated in Reuters, "The outlook for the U.S. dollar remains weak as far as the eye can see, with US interest rates likely to remain pinned to the floor well into 2011."

Continue reading Gold Powers to Seven-Week High

Gold Powers to Seven-Week High originally appeared on BloggingStocks on Mon, 16 Aug 2010 16:30:00 EST. Please see our terms for use of feeds.

Continue reading Time to Buy Gold? James Altucher Says Buy Stocks Instead

Time to Buy Gold? James Altucher Says Buy Stocks Instead originally appeared on BloggingStocks on Mon, 02 Aug 2010 17:00:00 EST. Please see our terms for use of feeds.