"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.

"We see plenty of room in the markets to stage a rally back to its recent highs, and plenty of short-term profit potential as well; I see a great opportunity to scoop up some juicy resource stocks, courtesy of the market pullback," says Larry Edelson.

The editor of the Real Wealth newsletter explains, "At worst, I think we can get a short-term rally that can put some additional profits in your pocket. And if I'm wrong, the risk of entering these new trades at this time is on the low side.

"These stocks below are cheap! A composite, or synthesized forecast of all cycles for the S&P 500 Index shows that the rally since last March is only about half way over, and that it could extend all the way into August of this year.

Continue reading New Gold (NGD) and Taseko (TGB): Resource Bargains

New Gold (NGD) and Taseko (TGB): Resource Bargains originally appeared on BloggingStocks on Mon, 07 Jun 2010 13:30:00 EST. Please see our terms for use of feeds.

Just after the close yesterday, Newmont Mining (NYSE: NEM) guided up 2009 production and guided 2009 cash costs lower. NEM also announced that it would be purchasing the remaining interest in its majority owned Boddington Mine from Anglogold Ashanti (NYSE: AU) (which equates to 6.6 mln reserve ounces). That's an increase of 8 percent in NEM's Proven & Probable (P&P) reserves at a price tag of $1.2 bln, which will be raised via an equity offering of 19 mln shares.

Based on NEM's 441 mln shares outstanding, we're looking at dilution of just over 4 percent. Thus, in theory, the deal is not even dilutive, given the 8 percent increase in P&P reserves that the company is acquiring with only a 4 percent dilution in equity. Based on what I have seen so far, this looks like a spectacular deal for NEM.

Continue reading Newmont strikes a deal

Newmont strikes a deal originally appeared on BloggingStocks on Wed, 28 Jan 2009 12:19:00 EST. Please see our terms for use of feeds.