Wednesday August 13, 2014 | By Ross Norman of Sharps Pixley
The silver market has cause for concern... This Friday sees Thomson Reuters / CME roll-out of their new fixing engine and market participants are understandably clueless about how it works less than three days before it goes live. With the traditional fixing members having stepping away, it remains a mystery who will be taking the fix orders - with a deafening silence from market participants.Oddly, if you can identify who your orders are to go through, then you have to get the calculator out because Reuters advise that prices are no longer in US dollars per ounce but US dollars per "lakh" or 100,000 ounces ... why ?
Tuesday August 12, 2014 | By Ben Turney
Yesterday we published Mike Swanson’s view that gold stocks are “like a fuelled rocket” waiting for ignition. What Mike’s analysis didn’t provide were any specific pointers to look out for in tradeable opportunities, beyond a general buy recommendation for the sector. Recovery in the gold mining sector was one of my “Trading Themes for 2014”. So far it has been a good call. I didn’t anticipate fireworks, but the across the board signs of improvement have been encouraging and the gains in stock prices decent enough. We have now entered what could prove to be a crucial period in the gold miners’ attempts to rediscover market favour. There is a very simple way to play this possible move; spread bet the Market Vectors Gold Miners ETF, otherwise known as the GDX.
Monday August 11, 2014 | By Amanda van Dyke
Mike Swanson is the founder and chief editor of WallStreetWindow and author of the book Strategic Stock Trading. Mike ran a hedge fund from 2003 to 2006 that generated a return of over 78% for its investors. Hence my colleagues at Palisade Capital interviewed him on his controversial thoughts on gold stocks. He is a bull.
Wednesday August 6, 2014 | By Staff Writer
“A significant portion of the global exploration budget is directed at West Africa today, so Sprott is putting a lot of its focus on this area.” Andy Jackson, Chief Geologist at Sprott Global Resource Investments Ltd., helps our team hunt down opportunities in natural resources. Initially from Zimbabwe, he has extensive experience with exploration around the world, including Africa.
Monday August 4, 2014 | By Ben Turney
The severity of this week’s global sell-off in equities seems to have taken a lot of people by surprise. Five weeks ago, I wrote about the multi-year lows of the Chicago Board Options Exchange Market Volatility Index (the “Vix”) and the complacency it warned of. As I pointed out “the market loves nothing more than to punish complacency”. If you watched a screen of Thursday’s carnage in America, this is pretty much exactly what happened. The question now is, is this the beginning of the end of the bull market or just a healthy pullback, accentuated by low summer trading volumes?
Saturday August 2, 2014 | By Tom Winnifrith
Gold has declined slightly, from around $1,320 to $1,300, in the last few weeks. Rick Rule of the world’s leading resource investment group Sprott recently suggested that this was normal for a recovery in resource stocks. You expect gradual rises and subsequent consolidations. He has now explained the three big drivers for a recovery in the ‘junior’ resource stocks.
Saturday July 19, 2014 | By Staff Writer
While most have been conveniently blaming the tepid first quarter -2.9% GDP growth figure on the weather, we believe that it is just another symptom of a much deeper malaise. As we have argued many times before (see, for example, the March 2014 Markets at a Glance), the U.S. economy has been on life support, graciously provided by Central Planners. However hard they try, they will soon realize that no amount of money printing can cleanse the rot of the U.S. economy.
Monday July 14, 2014 | By Ross Norman of Sharps Pixley
The Chinese expression "Real gold is not afraid of the melting pot" suggests that if you have genuine quality, then you will not fear adversity. Well, in that sense, the London gold fix, an institution with a history going back nearly 120 years, is facing its own test as regulators question whether or not the process is "fit for purpose". The gold fix is in essence a benchmark price that is derived twice a day from actual trades all concentrated into a short space of time to determine an objective price for gold.
Thursday July 10, 2014 | By Ross Norman of Sharps Pixley
Surely never before have so many lines been written by journalists on a subject that they palpably know so little about and have made little attempt to understand... as the London gold fix.
Wednesday July 9, 2014 | By Staff Writer
Rick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback. Gold and silver had just delivered double-digit gains in a few months. Sure enough, from mid-March until early June, the precious metals gave up much of their gains. Since early June, resource stocks have surged higher once again. So the question was: Where is gold headed for the remainder of the year? Will this rally pull back?
By Amanda van Dyke
By Amanda Van Dyke
By Amanda Van Dyke
By Robert Tyerman
By The TSP team
By The Closet Chartist
By The Closet Chartist
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