By Doug Casey
There is a great deal of uncertainty among investors about what the future of the U.S. economy may look like - so I decided to take a stab at what's likely to happen over the next 20 years. That's enough time for a child to grow up and mature, and it's long enough for major trends to develop and make themselves felt.
By P Radomski
In continuation to our latest free commentary Breakout Or Breakdown - What's Next For Gold? let's have a look at the currency moves and its influence on precious metals market.
VANCOUVER, BC - Westminster Resources Ltd. (TSX-V:WMR) ("Westminster" or "the Company") reports drill core results from the balance of the Phase One Drill Program at the Anita Copper Mine area (fourteen holes) on the El Cobre Property, Sonora, Mexico. The successful program has confirmed copper-silver-gold mineralization down dip and along strike in a structural corridor drilled for 250 meters along the estimated 600 meters of outcropping breccia. Ten holes returned significant oxide mineralized intervals. Drill hole location maps for the 2010 and 2011 drilling programs at the Anita Copper Mine area can be viewed at http://westminsterres.com/investor/files/2010-2011_drill_map.pdf
In our previous essay (Freefall in Silver, What's Next?) we described the current situation in silver and today we would like to provide you with a mining-stock-related follow-up.
[[wysiwyg_imageupload:2106:]]By Jeb Handwerger
Many years ago as I was learning to trade junior resource stocks, a grizzled old gold miner -- the owner of a small publicly listed company -- asked me: "Do you know what a gold mine is?" I suspected he was leading up to the punchline, "A gold mine is a hole in the ground with a liar looking into it." As a novitiate in that perilous arena, I never really completely believed in that sarcasm. Instead, I felt there had to be honest, adventurous visionaries who went out into the wilderness and stuck to the rules. Researching the leadership of junior mining companies is crucial when screening for potential winners, and it's a major component of my research. When an investor finds leaders who have stellar track records and put their own money where their mouth is, they need to pay attention to their actions.
By Jordan Roy-Byrne
Many analysts focus on the seasonality of Gold and Silver. Why? It plays out most of the time. The metals tend to peak in the late spring and then bottom in the early summer before moving into the sweet spot of the year. When researching seasonality, I came across this chart from equityclock.com that shows the seasonality of the XAU Gold Stock Index.
By Adam Hamilton
With the general stock markets now due for a selloff while gold hits new nominal all-time highs, precious-metals-stock traders face something of a quandary. How are their stocks likely to perform in the near future? Will they ignore general-stock weakness to rally with gold? Will they get sucked into a stock-market selloff even if gold remains strong?
By Adam Hamilton
Junior resource stocks are fickle little things. And most investors who dabble in this realm are fully aware of their capricious nature. One of the best ways to describe owning these stocks can be summed up by one of the most famous lines in literary history, "It was the best of times, it was the worst of times..."
[[wysiwyg_imageupload:1667:]]By Chris Vermeulen
The past couple weeks I have been keeping a close eye the price of gold and the gold miners index. I check to see if its pointing to higher or lower prices in the near future using inter-market analysis, price and volume, along with technical analysis. At this time the charts are still pointing to lower prices in the coming days or weeks.
Taking a look at the daily chart of Gold
As you can see it has formed a bear flag with declining volume and the price has drifted up into a resistance level. This combination typically leads to lower prices.
[[wysiwyg_imageupload:1611:]]By Chris Vermeulen
While Ben Bernanke says we are not seeing any inflation, I think most of us know that is a load of BS as other countries like Egypt see food prices surging. Over the past couple years everyone has been talking about how inflation will soon start and that has been one of the main driving forces for higher precious metals prices.
As we all know the market does the opposite as to what the majority of investors are doing. And while everyone has been buying metals in anticipation of inflation, I find it amusing how inflation for the first time is clearly presented on TV (Egypt issues) and we see gold and silver trading lower than they were a month ago. Seems like the buy the rumor sell the news lives is playing out. But the question everyone is starting to ask is how far will the metals correct?
