Entries in Gold, Silver, & other Metals (36)
By Rick Rule, Chairman, Sprott Global Resource Investments: Natural-resource-based industries are capital intensive, and hence extremely cyclical. As a natural-resource investor, you are either contrarian or you'll be a victim. These markets are risky and volatile!
By Doug French, Contributing Editor, Casey Research: Gold has retraced nearly $700 from its $1,895 high, yet every central banker on earth has sworn an oath to Keynesian money creation, the only limit being their imagination.
By Doug Hornig, Casey Research: Gold mining stocks have been in a slump for over two years. They're the most volatile securities in the world. They’re “burning matches.” I'll give you several reasons not to touch them with a 10-foot pole. And one why you maybe should.
By Eric Angeli, Investment Executive, Sprott Global Resource Investments: Precious metals miners are the most volatile stocks on earth. They're so volatile that investors often forget that underneath those whipsawing stock prices lie real businesses.
By johnnygeneric: In a human life, 47 years isn’t all that long. So this is a personal data point of how the Fed has managed, or rather mismanaged, or rather utterly and willfully destroyed, the dollar since his mom sold their trailer in 1966 – and what that would mean in gold today.
By Jeff Clark, Senior Precious Metals Analyst, Casey Research: For many primary gold producers, Q2 2013 was a breathtakingly bad quarter. It wasn't so much the massive drop in earnings many reported—those had been, for the most part, expected—but the so-called "impairment charges" announced.
By Michael Lombardi for Profit Confidential: This is a story of how the big banks pulled gold prices from under our feet, but why their plan for the stock market won’t pan out…
By Andrey Dashkov, Casey Research: In the mining business, it is said that grade is king. A high-grade project attracts money. High-grade drill intercepts can multiply an exploration company's stock price. The higher the grade, the more technical sins and price fluctuations a mine can survive. But gold grades of the top mines have plunged, and it’s complicated....
By The Gold Report: Don't ask Louis James if the gold price has reached bottom. He doesn't care. He is too busy trying to ferret out those gold miners with a bird in the hand. He travels the world, looking for companies with an overlooked story, an undervalued mine, an underappreciated grade. And he is quite certain he has found some good values.
Of Thousands Of Mineral Exploration Companies, MOST Will Never Discover Anything – But Those That Do...
By Louis James, Chief Metals & Mining Investment Strategist, Casey Research: Finding minerals involves science. And some geologists have an intuition about how mineralization twists, plunges, thickens, pinches out, and reappears. But we can't underestimate luck in every discovery. That's what makes it so difficult and (if successful) profitable.
Contributed by John Mauldin, of Mauldin Economics: The Narrative of Gold is still significant, but mostly in contrast to the narrative that has assumed primacy today: the Narrative of Central Banker Omnipotence. Like all effective narratives, this one is simple: central bank policy will determine market outcomes.
Contributed by Andrey Dashkov, Casey Research: The junior resource sector is struggling financially: as gold prices rose year after year, the price assumptions in their economic studies went higher and higher. But they were optimistic. Now that trend is coming back to bite them – as well as any investor who buys into those assumptions.
“I’m sitting on cash,” Felix Zulauf said when he was asked in an interview where he was putting his money. With decades of asset management experience under his belt, he’d founded Zulauf Asset Management in Switzerland in 1990. But now he was worried—and has turned negative on just about everything.
Contributed by Charles Kennedy of Oilprice.com. Mongolia was the world’s fastest growing economy last year, driven by foreign investment and rapid developments in its coal, copper, and gold mining sectors. Now all that development could fall apart and the nation’s economy could collapse, due to an ill thought-out law.
A Greek economist’s terse sarcasm: “GDP has decreased by €47 billion in the last five years. Economy is expected to contract by 3.8% in 2013, the 6th straight year of recession! Unemployment has reached 24.7%. Youth unemployment... 55.4%! No worries though—we have the sun, the sea, our cultural background.” And GOLD.
Contributed by Jeff Clark, BIG GOLD. In July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. That premium will ignite the use of solar power – and solar uses a lot of silver.
Contributed by Louis James, Casey Research. Traders who are stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious example is that gold often drops when the euro drops. Examining price relationships among the US dollar, the euro, and gold reveals an important pattern for investors.
Contributed by Casey Research. Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. Read more about the consequences of those choices and necessary compromises. Exclusive Gold Report interview.
Contributed by Doug Hornig, Casey Research. Although the economic situation for the US looks especially dire right now, there are ways that shrewd investors can protect themselves – and even profit.