The International Monetary Fund (IMF) last week announced plans to move ahead with the sale of 403.3 metric tons (12.97 million ounces) of gold from its reserves as part of a plan to sharply increase the resources it has available to make loans to low-income countries. … Read More

One drawback to junior miners is that these up-and-comers quite often only have one major project in their arsenal. With their proverbial eggs held in just one basket, the failure or prolonged delay of the do-or-die project could have dire consequences for the entire company. Therefore, small miners who… Read More

We’ve had some encouraging economic data coming in lately. Retail sales for August, for instance, were better than expected. Much of that beat came from higher gas prices (which generally isn’t good for consumers), and compliments of the Commerce Department’s seasonal adjustments. But nevertheless the number topped forecasts.  … Read More

Recommendations this issue:   ASA Limited (ASA) Goldcorp (GG) Energy Conversion Devices (ENER) Market Vectors Solar Energy ETF (KWT)   The economy, by some measures, has emerged from recession. But it is by no means out of the woods just yet. Sure, we’ve seen an improvement in the manufacturing… Read More

In recent issues, we have focused primarily on smaller gold companies who, while they don’t have as much capital as their larger counterparts, offer higher upsides and their shares are often undervalued by the market. For example, shares of two of our junior miners picks, NovaGold (NG) and Red Back… Read More

Energy Conversion Devices (ENER) staged a 25 percent one-day rally earlier this week. Trading volume on the day was the second heaviest on record for the stock. The gain erased most of the loss we had been sitting on with the stock. The reasons for the big up move… Read More

Last week we took profits on our Yamana Gold January 10 call option, this week it was our equity position in Eldorado Gold (EGO). Nervousness about the big up-move in gold prompted the sales rather than underlying fundamentals at the two companies. Chances are we will revisit both companies… Read More

Gold’s attractiveness grows with each passing day. The economy remains on the ropes and our banking system is still in a fragile state, so the Federal Reserve is flooding the system with cash at an unprecedented rate to bailout our bankrupt bans.  Fed Chairman Ben Bernanke is a student of… Read More