Monthly Archives: November 2012

Gold, Silver and Platinum Near Major Breakout Points

Gold, Silver and Platinum Near Major Breakout Points
We are approaching the end of the year where investors are facing a confluence of mixed signals such as tax loss selling, fiscal cliff discussions, the Greek bailout, future Fed actions and Middle Eastern geopolitical turmoil. Short term shakeouts like yesterday's early morning drop in precious metals should be expected...Nevertheless, we ignore the daily volatility and stick to the long term technicals and fundamentals which may be signaling that gold, silver, pgm's, uranium and heavy rare earths may reemerge as sectors where opportunity lies in 2013.
Read more

The Advantages of Using Seismic Data For Uranium Exploration in the Athabasca Basin

The Advantages of Using Seismic Data For Uranium Exploration in the Athabasca Basin
Recently this uranium explorer in the Athabasca Basin engaged the uranium exploration geophysical team at the University of Saskatchewan (USASK) which is led by Dr. Zoltan Hajnal. The Emeritus Professor is a leading expert in the use of seismic to discover uranium. Dr. Hajnal played a key role in the discovery of Hathor’s Roughrider Deposit and the advancement of Cameco’s McArthur River Mine, the largest high grade uranium mine in the world. Dr. Hajnal sees similarities in the seismic data at this junior's property to major uranium discoveries like McArthur River and Shea Creek.
Read more

Gold and Silver Outperforming General Equities For The First Time Since 2011

Gold and Silver Outperforming General Equities For The First Time Since 2011
We have become a nation of debtors. Between mortgage, student loan and credit card debts the average citizen owes over $50,000. To a certain proportion of our nation free and easy fiat money may well be the way to go in the short term. Eventually, the piper must be paid. We may have to face one day that the party is over. Our large creditors such as the Chinese are already looking to diversify away from U.S. debt and the dollar. Our critics have felt that our patience with precious metals positions are not buy and hold, but buy and hope. So far our long range charts signal that gold and silver are in a continuing bull market, which are sometimes obfuscated by a concentration on the short term tactical decisions. The technical picture reveals the opposite. Gold is outperforming and may continue to decouple from the equity markets. Remember inflation and uncertainty is bullish for precious metals and bearish for the general equity market. Are we beginning to witness this phenomenon?
Read more

New Management Team Assembled To Advance World Class Platinum Discovery

New Management Team Assembled To Advance World Class Platinum Discovery
Gold and silver are good investments to hedge against the coming hyper-inflation but a couple of weeks ago we told our readers that platinum may soar more. One company is making rapid progress and has strengthened its management team this November to move forward to production. This is a major achievement for this platinum company to attract this type of management talent with proven experience. They now may have the capability to build and successfully operate the next major nickel-PGM in North America. As the CEO stated in their most recent news release, "...we are putting in place a highly experienced management team to advance the development of the world class PGM-Cu-Ni project in the Yukon.”
Read more

Corrections In Gold And Silver Could Provide Buying Opportunity Before Election

Corrections In Gold And Silver Could Provide Buying Opportunity Before Election
This volatility in precious metals and mining equities while striking panic is just a test to shake us out. This is precisely a time not to be concerned. The more sophisticated buyers may be taking advantage of the situation to hold on and indeed add to positions for those who were not able to get in before this summer breakout. Remember, bull trends in gold and silver rise on walls of worry. Healthy pullbacks afford secondary opportunities. We may be basing and bottoming right now. A powerful reversal could occur after the election.
Read more

Why The Large Miners May Acquire Near Term Gold Producers In Europe

Why The Large Miners May Acquire Near Term Gold Producers In Europe
Greece is focusing on revitalizing the mining sector by fast tracking four mines that are in development. Athens hopes to be the biggest producer of gold in Europe by 2016. The politicians realize that the mining sector has great potential to create high paying jobs and revitalizing a moribund economy. For years prior to the economic crisis, mines in Greece were help up and permits were delayed by red tape and bureaucracy. Now that has changed as witnessed by Eldorado Gold's (EGO) $2.4 billion takeover of European Goldfields, which prior to the acquisition received critical permits. Similarly now in Spain, The Galician Government has labeled this Gold Asset as a "strategic industrial project" crucial for economic development and numerous high paying jobs for a region hit by record unemployment. The implications of this decision is significant as the company may receive permits imminently as Galicia needs investments in the region to accelerate sooner rather than later.
Read more