About: Jeb

Recent Posts by Jeb

Swiss Vote Could Be Catalyst For Gold To Break Above 5 Month Downtrend

Swiss Vote Could Be Catalyst For Gold To Break Above 5 Month Downtrend
Its not just me that sees the value in gold, but entire nations. The Swiss voters on November 30th will decide to back the Franc with a 20% gold reserve with a pledge never to sell its gold again. If the Swiss approve this they would have to purchase 1,500 tons of the yellow metal. This is a significant amount considering the Russians bought close to 19 tons in October. Demand in China and India is still strong as evidenced by record coin sales and numismatic premiums rising. If the Swiss decide to back their currency it could be a shot heard around the world and could spark a global rush to buy physical gold and silver by other nations. Eventually, that change in psychology could affect our junior mining positions trading at pennies on the dollar to see explosive gains. Many Central Banks around the world have a zero or negative interest policy. This expansion of fiat currency on the market has never occurred before yet investors are flocking to the US dollar in record proportions. However, smart investors are already positioning ahead of the masses. When the US dollar bubble pops and follows other currencies lower, then gold and silver may appear as the new safe haven. It is at this time where our junior miners which are trading at pennies could be trading for dollars.
Read more

Majors Focus On Acquiring Large Polymetallic PGM Projects In North America

Majors Focus On Acquiring Large Polymetallic PGM Projects In North America
For weeks I highlighted that the low valuations in the junior resource space will attract large miners especially in the platinum and palladium (PGM) space which has a huge supply demand imbalance. This past week Antofagasta offered $.45 per share for junior miner Duluth Metals Twin Metals Ni-PGM deposit in Minnesota. The Twin Metals Deposit is similar to this junior in the Yukon. Dundee put out a research note after the transaction which showed if this junior was bought out at the same valuation as Duluth it would be priced at $1.85 share. Today's price in the mid fifty cent range is quite cheap especially as we see the growing interest in Platinum and Palladium sources outside South Africa.
Read more

Breakout Alert: Junior Gold Miner In Nevada Discovers Impressive New Gold Zone

Breakout Alert: Junior Gold Miner In Nevada Discovers Impressive New Gold Zone
For several weeks I have been expecting a major secular bottom in precious metals and I told you to watch for the accumulation after capitulation.For about the two past months, we have witnessed panic selling in precious metals and junior miners the capitulation. However, on November 7th and 14th we saw major accumulation in gold futures on high volume. This may signal the beginning of a major short covering combined with value buying or the accumulation after the capitulation. This junior may breakout as it discovered a new gold zone.
Read more

Record Volume In GDXJ Junior Gold Miners Could Indicate a Bottom

Record Volume In GDXJ Junior Gold Miners Could Indicate a Bottom
In a recent landslide election, Republicans took back control of the Senate and House. President Obama's approval rating is very low.  Although there a few making money in the stock market, the majority of the American people are fed up with close to 100 million people not working.  Welfare and entitlement spending is out of control.  The debt is still soaring close to $20 trillion and the dollar is rising making it even harder for politicians and banks to avoid default. Somehow irrationally despite billions of dollars being printed under the guise of QE, the US dollar is rising. The question I ask is how long do you really believe this dead cat bounce in the US dollar will last? It may be just a bounce in a long term downtrend and is only relative to the other fiat currencies in fast decline.  Smart investors should be accumulating gold and silver coins and high quality junior mining stocks trading now at historic lows.  It should be noted that coin sales are picking up especially mint grade numismatics.
Read more

Game Changing Technological Breakthrough in Heavy Rare Earth Sector

Game Changing Technological Breakthrough in Heavy Rare Earth Sector
In my premium service last week after the US Election, I told my readers to keep a close eye on the heavy rare earths especially Ucore (UCU.V or UURAF), which has significantly outperformed the beaten down and ignored rare earth sector by a wide margin. Ucore has been the major winner in 2014 and this relative outperformance may be just the beginning as they announce today a major breakthrough in rare earth metallurgy. Ucore released results from recent testing of Molecular Recognition Technology (MRT) which produced a 99%+ HREE Concentrate from the ore from Bokan Mountain in Southeast Alaska. The first step to separation into salt is by producing a pure concentrate which was conducted by IBC Advanced Technologies. The company is testing to see if MRT can produce and separate the individual heavy rare earth oxides.
Read more

Institutional Buying Sends Uranium Miners Soaring on Major Volume

Institutional Buying Sends Uranium Miners Soaring on Major Volume
A few days ago I penned an article entitled "Uranium Spot Price Breaking Out, Junior Uranium Stocks Ready To Bottom?" In the report I said, "There is a lot of buying in the spot market and it should be soon reflected in the performance of the junior uranium miners (URA)... Look for a breakout." Now only a week later, the uranium mining etf (URA) is up 11.5% and Uranium Participation Corp (U.TO) up 5% on triple average volume. Some of our favorite uranium miners are flying such as Uranerz (URZ) up 15%, Pele Mountain (GEM.V) up 14%, U3O8 Corp (UWE.TO) up 33.3% and Laramide (LAM.TO) up 20% and Fission (FCU.TO) up 12%. It seems as if all the institutions are jumping in after the recent capitulation of some major funds in Toronto.
Read more

Accumulation Follows Capitulation As Day Follows Night in Junior Mining Sector

Accumulation Follows Capitulation As Day Follows Night in Junior Mining Sector
I have been expecting a major long term bottom in the precious metals after major capitulation. The liquidation may have occurred this week as investors sold out of panic and fear rather than take a look at the long term fundamentals. Across the board many of the weak hands had to sell quality assets for pennies on the dollar. Smart resource investors expecting capitulation have had some of their bids filled at ridiculously low prices. Fortunes are made by the brave who pick up real assets when the majority is not interested in them. I expect a major bounce at 2008 credit crisis lows and the 2003 breakout on the HUI Gold Bugs Index at $150. I told my premium subscribers I was buying Pershing Gold (PGLC) at major lows at or below $.30. I believed that the company was due to break its downtrend and 50 day moving average. Now a few weeks later it appears Pershing has broken above the 50 day moving average and has broken out on a relative strength chart versus the Junior Gold Miner ETF (GDXJ). See charts by clicking here...
Read more

Uranium Spot Price Breaking Out, Junior Uranium Stocks Ready To Bottom?

Uranium Spot Price Breaking Out, Junior Uranium Stocks Ready To Bottom?
The commodity equities are selling off as The Fed halts QE3. Commodities, metals and the junior miners are hitting multi year lows and falling below 2008 credit crisis levels. This is not a time to panic but continue to accumulate as the bear market may be reaching the final capitulation stage. This decline may be a sign that the quantitative easing may have lifted stock market indices, but it did little to improve demand and growth in the economy reflected by demand for energy and metals. I just returned from the New Orleans Conference which was headlined by Alan Greenspan the former Federal Reserve Chairman from 1987 to 2006. It is interesting to note that Greenspan has become bullish on gold. He believes that quantitative easing did not accomplish what it was designed to do. It helped lift the stock market and stabilize the real estate market, however it fell short as the US economy is not really recovering like it should have. Gold is the best hedge against this uncertainty.
Read more

Chart Shows A Potential Double or Triple in the TSX Venture

Chart Shows A Potential Double or Triple in the TSX Venture
Clearly, the strong global economy purported on CNBC has not yet been reflected on the TSX Venture Exchange yet. However, that may change over the next 3-5 years and now may be the time to buy up the best resource assets at historic lows. Over the past decade, The TSX Venture has at least doubled or tripled from these historical low levels where it is currently trading.
Read more

Gold and Silver Still In Major Uptrend On Long Term Charts

The Chinese and Russians were some of the largest acquirers of physical gold. Also large hedge funds some managed by industry giants such as Paulson, Soros, Rogers and Einhorn began buying ETF's and junior miners. This led to a parabolic and overbought move in precious metals, which I cautioned my readers about in the referenced article above. It should be noted a few days after this article was published silver topped at $50 and gold rolled over a few months later at $1900.
Read more