Sell your position in Goldcorp (GG) at the current market price. While we think the bull market in gold and gold stocks is still in its infancy, it never hurts to take some profits now and then. And given the move they’ve made in recent weeks,… Read More
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Gold and gold stocks retreated today after the metal reached yet another new high yesterday. We think there’s a good chance gold will fall further in the near term, but we’d view any pullback as a buying opportunity. When it comes to investing in precious metals plays, there are… Read More
Recommendations this issue: Agnico-Eagle Mines (AEM) Silver Wheaton (SLW) iShares Silver Trust (SLV) Last issue we discussed silver at length, pointing out that one sign the move in precious metals is still in its early stages is the lack of investor enthusiasm for silver. The… Read More
We recently added Agnico-Eagle Mines (AEM) to our portfolio (see our October 29th Trade Alert), taking advantage of the stock’s recent decline to buy on the cheap. The shares were pounded over the final two weeks of October, losing about one-third of their value, first on weakness in metals… Read More
We’ve been eagerly awaiting next Monday’s release of the International Energy Agency’s annual World Energy Outlook. With last year’s outlook the organization, which has a history of offering overly optimistic forecasts, for the first time offered a more dour view of the world’s ability to meet global demand. Nevertheless,… Read More
Look at the economic reports out today and you’ll be forgiven for coming away with a bullish opinion. The attention-grabbing headline was that the first read on third-quarter Gross Domestic Product (GDP) came in at a better-than-expected 3.5 percent annualized rate, the first positive print in more than a… Read More
Buy Agnico-Eagle Mines (AEM) at the market price. Agnico-Eagle Mines (AEM) is a fast-growing, blue chip gold mining outfit with properties in Canada, the United States, Mexico and Finland. The company fell short on its latest earnings report for myriad reasons, not least of which was that… Read More
Recommendations this issue: Osisko Mining (OSKFF, OSK.TO) Buenaventura (BVN) Goldcorp (GG) Gabriel Resources (GBRRF, GBU.TO) Gold has set several new records in recent weeks. Our enthusiasm for it and other precious metals is in no way diminished with prices hovering around $1,050 an ounce. No doubt we’ll… Read More
The price of crude oil is once again topping $80 a barrel. Crude is priced in U.S. dollars, so the weak greenback has certainly played a role in the commodity’s gains. But the story doesn’t end there. Even on days in which the dollar recovers lost ground, for instance,… Read More
In some respects the gold mining industry is akin to professional baseball. There’s a relatively small group of major league teams (companies). In addition to developing the talent (properties) these companies have on their rosters, management is always scouting out prospective players. Many companies also use a farm… Read More