Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Gold Company
When gold is not safe !!
SHARE prices of gold mining companies across the globe took a dive Monday after prices for the precious metal plummeted for a second straight day. The plunge of gold prices news has been resounding around the world in recent weeks Exchange-traded funds were dumping their gold holdings amid a more pessimistic outlook for gold, which […]
Jon Stewart on the Nanny State
I found this one over on the Lew Rockwell Blog . They hate the Nanny State as much as I do. It’s by our old friend Jon Stewart. These days his show is the closest thing to what used to be known as an “investigative journalism”. Comedian or not….this guy nails it time after time….after time. It’s a funny way to end the week… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c San Francisco’s Happy Meal Ban www.thedailyshow.com Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook The sad part is that it’s true. Have a great weekend. Related Articles: Jon Stewart’s Big Bank Theory Jon Stewart on the Foreclosure Fiasco Jon Stewart’s “Nightmare on Wall Street” Jon Stewart’s Poorhouse Jon Stewart On 40 Years of Broken Energy Promises Jon Stewart’s “Nightmare on Wall Street” To learn more about Wealth Daily click here Advertisement The Next Gold Mining Breakthrough This tiny gold company is about to rewrite the book on mining exploration… And they’re doing it just in time to catch the biggest gold bull market in a generation. Make over 10,800% as this Nevada mining company breaks all the rules… and all the records. Learn more here. Jon Stewart on the Nanny State originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.
Zillow: Another $1.7 Trillion to the Downside in Housing
My pal Charlie is as persistent as the sunrise. So when he called me last week to give me a hard time about my 2011 Housing Market Forecast the only surprise was it that took him so long. Twenty-four hours after it hit the web I saw Charlie’s number go up on line one. You see, a real estate agent by trade, he never misses a chance to call me an idiot when in his eyes I “bad mouth the American Dream” The result has been five-year running dialog in which I have bested him every single time. The guy is a glutton for punishment. So like a good pal I answer the phone anyway even though I know I’m in store for the rerun of my nightmares. “Steve,” he says, “you can’t be serious.” “As a heart attack,” I answer, “Like it or not dude there is still another 8-10% downside.” This obviously drove him to distraction since he must have forgotten the 100 or so conversations we already had that were exactly like this one. “Not a chance this time son. There has never been a better time a house”, he told me with what I can only guess was straight face. From that point on I knew I was just wasting my time again. The dude may have been great scrum-half but he didn’t know jack about the laws of supply and demand. In fact, I don’t think they actually teach that real estate school but I hear the Kool-aid is top notch. Meanwhile, the mountain of evidence against my friend continues to mount. From Bloomberg by By Hui-yong Yu entitled: U.S. Home Values May Drop by $1.7 Trillion This Year: Zillow “ U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely held provider of home price data. This year’s estimated decline, more than the $1.05 trillion drop in 2009, brings the loss since the June 2006 home-price peak to $9 trillion, the Seattle-based company said today in a statement. The drop in home values pushed more buyers underwater, meaning they owe more on their mortgages than their homes are worth, Zillow said. The percentage of homeowners with so-called negative equity reached 23.2 percent in the third quarter, up from 21.8 percent at the end of 2009. “ With foreclosures near an all-time high in late 2010 and high rates of negative equity persisting, it does not appear that the first part of 2011 will bring much relief,” Stan Humphries, Zillow’s chief economist, said in the …
George Soros’ $32.6 million Junior Platinum Stock Investment
Speculators who bought platinum just 24 months ago have already seen investment profits up to 124%. Similar metals, like palladium , have returned even bigger investment gains up to 286%. Driving these profits, phenomenal demand from the recovering global automobile industry has conquered the attention of investors. The potential for platinum and palladium has even allured some of the biggest names in investing — including George Soros, who just upped his stake in a junior platinum and palladium stock by nearly 1,000%. Here’s the whole story… Advertisement The Next Gold Mining Breakthrough This tiny gold company is about to rewrite the book on mining exploration… And they’re doing it just in time to catch the biggest gold bull market in a generation. Make over 10,800% as this Nevada mining company breaks all the rules… and all the records. Learn more here. George Soros just bought this junior platinum stock Billionaire investor George Soros abruptly raised his stake on Monday in Platinum Group Metals Ltd. (AMEX: PLG and TSX: PTM ) , a Vancouver-based junior mineral development firm. In a filing with the SEC, Soros Fund Management increased its holdings in Platinum Group Metals from 1.5 million shares in early October to a 15.5 million share position in the company this week — a whopping 933% increase. The Soros Fund now owns 9.73% interest in Platinum Group Metals. The fund’s position is currently worth $32.6 million. Platinum Group Metals Ltd. Company: Platinum Group Metals Ltd. Corporate Presentation Exchange: NYSE and TSX Symbol: PLG and PTM Share Price: $2.10 Shares Outstanding: 159.3 million Market Cap: $334 million Fully Diluted: 172.5 million Website: www.platinumgroupmetals.net Platinum Group Metals controls a significant land position in the Bushveld Igneous Complex of South Africa, which hosts 80% of the world’s platinum and palladium production. The company is focused on moving its high-grade, near-surface Western Bushveld Joint Venture platinum/palladium deposit into production. The Western Bushveld Joint Venture is a unique project, and likely to be one of the last large-scale near-surface developments on the high-grade Bushveld Complex. In Platinum Group Metals’ Western Bushveld Complex, two projects contain nearly 15 million ounces of platinum group metal reserves and resources. These mineral resources are primarily platinum (64%) and palladium (26%), but also include rhodium (7%) and gold (3%). Advertisement Most Important 500 Square Miles on Earth Becomes Private Property It was a stretch of barren landscape just a couple hundred miles away from the North Pole… But locked within it sat a 50-year supply of the most important class of industrial metals known to man. Earlier this year — for the first time ever — a single company took hold of this land… And altered the course of the world’s high-tech market forever. Learn more here. A feasibility study has been completed for the Western Bushveld Joint Venture projects. The study showed it would cost approximately $443 million and take two years to construct a mine, and another …
Investors vs. The Machines
By some estimates, algorithmic trading now make up 70% of total U.S. stock market volume. Proponents of algorithmic and high-frequency trading (HFT) say they offer major benefits — improved liquidity, mainly. They say investors will get better pricing when they buy and sell stocks, due to a smaller “spread” — the difference between a stock’s ask and bid price. A few pennies difference, at best. This benefit seems miniscule compared to the risk — which we saw firsthand during the ” Flash Crash ” back in May, as the Dow Industrials dropped 600 points in just a few minutes. There is little doubt that trading programs gone wild were responsible for the Flash Crash. Even industry insiders are warning about the dangers of algo and HFT trading. David Weild, former Vice Chairman of the NASDAQ, recently warned of abuse by algo traders. Here he is, as quoted by The Atlantic : It is increasingly clear that there are quite a number of high-frequency bandits in the high- frequency-trading community who pump up volume statistics, front-run investor orders, increase transaction costs, and hurt real liquidity. Clearly, the risk of another Flash Crash isn’t the only thing for investors to worry about. For example, trading programs increase volatility, sometimes causing wild fluctuations in individual stocks. That means trading stops — one of the best ways for investors to protect themselves — are more likely to be triggered needlessly. Hypothetically, one could make a trading program specifically designed to trigger stops. Muscle a stock in one direction, which will trigger stop orders, and more buying or selling; then take profits as the stock corrects. The possibilities are endless, and programs are constantly evolving. There are even rumors of algorithms designed specifically to target their lesser competing algorithms. And then there’s high-frequency trading, an increasingly large (and dangerous) part of the machine-trading world. HFT firms “co-locate” their servers next to the exchange’s own, and use this physical proximity to gain a millisecond advantage over everyone else. They have been accused of front-running other market participants’ orders. In other words, they learn when someone is about to buy or sell a stock, and execute the trade milliseconds before them. Minimize your risk Here are a couple ways investors can protect themselves in this rigged game: 1) Buy high-quality stocks for the mid- to long term. Buy and hold isn’t dead; you just have to pick the right stocks. 2) Traders who actively monitor their portfolios may want to avoid using stop orders. This can prevent accidental selling due to an overzealous algorithm. However, mental stops are still an important way to protect gains and avoid major losses. This technique should only be used by traders who have the discipline (and time) to employ mental stops. 3) Avoid
Investing in Yukon Gold Stocks 2011
The rush to find gold in the Yukon Territory is surging once again! It’s been 113 years since the famous Klondike Gold Rush of the late 19th century… Now, a new Yukon Gold Rush is on as one geologist is leading the way for a discovery of up to 200 million ounces of gold. For investors, this discovery will provide a long series of lucrative opportunities to profit from Yukon gold stocks. And those who invest now will be best positioned to profit as the story unfolds over the next several years. In this report, I’ll introduce you to the geologist who is trailblazing the new Yukon Gold Rush — and tell you how to prepare yourself to take advantage rising share prices. But before we talk about that, let me tell you exactly where geologists are looking for the yellow metal in the Yukon… Advertisement The next big play of North America’s Oil Comeback Breakthrough drilling technology has turned an abandoned Alberta oil field into the hottest energy territory in the Western Hemisphere … And one $4-a-share company is positioned for the lion’s share of the spoils. Click here for the on-site proof that 1,239% gains await early investors . The Yukon’s 200 million ounces of gold The Yukon gold deposits are the …
The 21st Century Yukon Gold Rush
The mining history books will have to be rewritten. Brand-new discoveries of large — and incredibly rich — gold deposits in Canada’s Yukon Territory have sparked the imaginations and excitement of geologists across the globe. And with these impressive discoveries, the Yukon Territory is once again gaining a reputation as one of the world’s hottest gold exploration targets. For investors, this means the opportunity to profit from ground-floor area plays in the rapidly re-emerging Yukon gold district — which geologists are already comparing to the world’s top gold regions. Some of these stocks have already started paying off. In just a second, I’ll tell you about two junior gold stocks that have already yielded quadruple-digit gains after the companies hit pay-dirt in the Yukon’s prolific White Gold district. The Yukon region’s legendary gold history and wealth of remarkable new mineral discoveries are quickly making the territory one of the industry’s most intriguing regions for exploration. Investors are advised to take a close look at quality junior gold exploration companies with assets in Canada’s Yukon Territory. And this will get you started… Advertisement The “War on American Retirement” EXPOSED While our nation’s eyes are fixed on Iraq and Afghanistan, Congress launches a hidden assault right here in the homeland … Against your IRAs and 401(k)s. You can surrender and lose everything – or make this “guerilla wealth” move and retire rich, with your assets intact . Click here to learn more Canada’s 21st century Yukon gold rush The gold mining industry has been ingrained in the Yukon culture for over a century. Beginning with the great Klondike Gold Rush in 1896, a total of over 12.5 million ounces of gold have been produced from the Yukon Territory. Yet despite having already produced resources that are worth $15.6 billion today, many geologists still regard the Yukon Territory as ‘virgin country’ in terms of gold exploration and mining. That’s because the full potential of the Yukon Territory is still undetermined. Less than 3% of the Yukon’s known mineral occurrences have been tested with modern gold exploration techniques. Today there are about 80 mineral…
Newmont Mining Earnings Miss Estimates
Filed under: Earnings Reports , Newmont Mining (NEM) , Commodities Newmont Mining ( NEM ), the world’s largest gold producer, reported net income of $382 million or 77 cents a share , up from $162 million or 31 cents per share a year earlier. This was below analysts’ estimates of 84 cents, according to Bloomberg. Sales rose 34% to $2.15 billion. Shares of Newmont fell 38 cents Wednesday to $55.40 per share. Heavy rains in Indonesia were responsible for a shortfall at the Batu Hijau mine. Production there was down 6.8% to 82,000 ounces. This compares with 88,000 ounces during the first quarter. Gold output was also less than expected at Newmont’s Boddington mine in Australia. Continue reading Newmont Mining Earnings Miss Estimates Newmont Mining Earnings Miss Estimates originally appeared on BloggingStocks on Thu, 29 Jul 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments
The World’s Hottest Region for Gold Exploration
When junior mining companies make a big gold discovery, shareholders often see double- and triple-digit investment gains. Of course, gold is very rare and making a significant discovery isn’t easy. But ask any geologist… The best place to find large deposits of gold is close to where other major deposits have already been discovered. That’s why I’ve recently been looking to invest in a region that many consider one of the best places in the world for gold exploration. Advertisement Breakthroughs Nowhere Near This Big Have Paid Investors Over 10x Gains Our resident biotech expert just came across a tiny company that can make the human immune system 1 000 times more effective against dozens of deadly diseases — including the major cancers: Prostate, lung, breast, cervical, and more… Here’s how their revolutionary “cell-shock” technology could hand you as much as 1000 times your money as it saves tens of millions worldwide. Just 300 miles north of Las Vegas Nevada is one of the largest sources of gold in the world. By itself, the state contributes over 7% of total world gold production, making it the fourth largest producer in the world behind, China, South Africa, and Australia. The majority of Nevada’s vast gold resources is contained in the second largest economic gold anomaly in the world — second only to South Africa — called the Carlin Trend . Ancient geologic forces induced high temperatures and pressure that produced numerous hot springs along an area about 5 miles wide and 40 miles long, known today as the Carlin Trend. These hot springs brought an abundance of dissolved minerals toward the surface; among these minerals was a fortune of gold. In the past two decades alone, over 200 million ounces of gold have been discovered… And over 70 million ounces (worth $84 billion today) were produced from the Carlin Trend. Some of today’s major gold production companies like Barrick Gold (NYSE: ABX ) and Newmont Mining (NYSE: NEM ) directly owe their success to this exceptionally rich belt of gold deposits. Similar gold trends surround the Carlin Trend, where other major multi-billion-dollar gold discoveries have been made: the Battle Mountain-Eureka Trend the Getchell Trend the Independence Group the Alligator Ridge Group In these surrounding trends, world-class multi-million ounce gold deposits…
Glenn Beck Clobbers Gold "Weiner"
Glenn Beck in an interview with Bill O’Reilly made New York congressman look just what his names says he is, a big “Weiner,” as proof of the quality gold company Beck represents was given, and obviously this clown is running for cover.The worst thing about it is that Anthony Weiner may have been backed by some higher ups to make Beck look bad, and he’s the typical leftist, socialist who believes
George Soros Bets on Gold
Legendary hedge fund manager George Soros is double downing his bet on gold, even though he considers the market to be a bubble. Back in late January, at the World Economic Forum, Soros called gold “the ultimate asset bubble.” He failed to mention, however, that his hedge fund had recently more than doubled its position in the yellow metal. Advertisement The Best Lithium Play on the Market A tiny Chinese lithium play is about to corner the market. Even Warren Buffett is excited about it. He’s already bought in. In all reality, this could be the best stock to own for the next five years. Click here to read all about it. A recent SEC filing shows Soros Fund Management LLC — which manages about $25 billion — increased its investment in the SPDR Gold Shares ETF (NYSE: GLD ), the world’s largest gold ETF, by 152% in the fourth quarter of last year. The New York-based firm became the fourth-largest holder in the ETF when it increased its stake in GLD to 6.2 million shares, worth $663 million at the end of 2009. But last month, in comments delivered on the fringe of the World Economic Forum, Soros said: “When interest rates are low we have conditions for asset bubbles to …
Lihir gold possible takeover target and australian gold companies update
Takeover possibility – Lihir Gold Australia has two ranking gold stocks, Newcrest and Lihir. They both have a chequered history and either would have frustrated a long-term investor in recent years. For as long as I can remember the two stocks dwarf all rivals including relative juniors Kingsgate (more on that later) Avoca, Dominion or […]
