Junior Gold Miners

2011 Gold and Silver Predictions

2011 Gold and Silver Predictions

Gold prices are off to an expected pullback for the year. But this short-term dip won’t last long… After forming a triple top pattern at the very end of 2010, the price of gold has fallen nearly 5% to about $1,350 an ounce. Take a look: We may continue to see a bit of downward pressure on gold prices in the near term; but as economic problems continue to drive investors into safe-haven hard assets, the price of gold will be headed higher later this year. That means if you’ve been waiting for an opportunity to make a little money in gold, the market may be carving out a nice little spot to make some bullion purchases at a decent price to prepare for the next leg up. There are many who estimate gold will top the $1,500 level this year. But I think we’ll see gold make a heart-stopping race to $1,700 an ounce by the end of the summer. Silver is also going to be a big winner for us in 2011. The demand for silver as an investment has increased dramatically over the past several years as the retail market has become more accepting of silver as money and a store of wealth. And as gold prices approach $2,000 an ounce, I believe silver will be preferred by many — if not most — retail customers as a cheaper alternative that provides the level of wealth protection investors might be looking for. With that in mind, I think the price of silver will break $50 an ounce this year. Both gold and silver will be highly profitable for investors this year. But the real money will be made from the junior companies that explore for new resources and develop new projects to mine for these precious metals… Shares of junior gold and silver exploration companies can often skyrocket overnight — especially when they make new discoveries. And making new discoveries is their specialty… You’d think that the most talented precious metal prospectors work for the major gold companies like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM), but that isn’t the case. You see, the most talented mine finders stand to make a lot more money if they go out on their own. A top geologist with a major that makes a big discovery might get a sizable bonus and bigger …

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Amarillo Gold (TSX.V:AGC), Goldgroup (TSX:GGA) (OTC:GGAZF) Otis Gold (OTC:OGLDF) All Undervalued Junior Gold Miners

In an interview with ‘The Gold Report,’ the author of The Mercenary Geologist newsletter, Mickey Fulp, said he considers most junior miners overvalued, but some like Amarillo Gold Corp. (TSX.V:AGC), Goldgroup Mining Inc. (TSX:GGA)(OTC:GGAZF.PK) Otis Gold Corp. (TSX:OOO) (OTCBB:OGLDF) remain undervalued. He likes Amarillo Gold because two of its projects have over 1.5 million ounces of “43-101

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Crisis in Europe: ETFs for a Greek Tragedy « ETF Trends

Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ): Holds the stock of small- and mid-cap gold mining companies. iShares COMEX Gold Trust (NYSEArca: IAU): Holds physical gold bullion . PowerShares Global Gold and Precious Metals …

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Freeport-McMoRan (NYSE:FCX), Newmont (NYSE:NEM) Up Early

Although gold futures have been quiet and level today, gold miners Freeport-McMoRan (NYSE:FCX) and Newmont Mining (NYSE:NEM) are up, with Freeport rising almost five percent and Newmont increasing by a little over 3 percent as of 1:00 p.m. EDT. These are evidently investors and not speculators and traders mostly driving the prices, as volume was about normal for the 3-month average for both

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Gold as a Hedge Against Government Spending Gone Wild

If you want to get a glimpse into the future of things to come in the United States, you need look no further than recent events in Greece. The protests and riots that have been underway because of the unpopular cuts in pensions, wages, and benefits (along with increased taxes) are a precursor of things to come for the world at large. The reason this is happening is that Greece’s government spent and borrowed themselves into oblivion, and must now submit to harsh terms in order to receive a bailout. They have no choice in the matter. They either rein in their spending and raise taxes or suffer the horrible consequences of not getting a bailout, which essentially would mean the death of Greece as a country. Advertisement This Free “Starter Trade” … gave readers like you the opportunity to collect an 82% gain, in a matter of days. Get our new one right here. * *As of Monday, it’s up 54%! The difficult and harsh realities now faced by the people of Greece should be a wake-up call for all citizens of the world. Running deficits and spending yourself beyond your means does matter and eventually catches up with you. When that moment comes, it will not be pleasant for the people of that state or country. And the Greeks, like most governments around the world, have been overspending for decades. The ridiculous, failed government-owned businesses, benefit programs, and subsidies of every kind have made Greece a laughing stock and the classic example of “out of control” government. But until the unsustainable situation caused a dire problem, most people (voters) went along with the status quo. So long as they were getting theirs, who cares? This is the essence of what ails America and every other country that thinks it can create money out of thin air— whenever it wants or needs to, to get whatever it so desires. This line of thinking — that government has a limitless checkbook and can take care of its citizens from cradle to grave— is complete and utter stupidity. It always has consequences and now those consequences are going to be felt around the world. The painful process of fiat currency unraveling and bubble popping is picking up momentum. The rioting, protests, strikes, and violence we are seeing in Greece right now will also happen in the United States and around the world as one fiat currency domino after another topples. Mark my words: Civil unrest is coming to many countries (including the United States), and it is coming sooner than most people understand. The 1,000-point drop in the Dow earlier this month was blamed at first on the mess in Greece as the complexity of a financial solution became more apparent. In reality, the reason for the drop in the Dow is multi-faceted; in my opinion, it was the result of its being grossly overvalued. When I heard the mainstream media eventually try to tell us that the massive drop…

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Junior Gold Miners (GDXJ): Safe Haven Asset Class?

Filed under: Newsletters , ETF Investing , Commodities , Stocks to Buy “The fallout from plunging oil prices and Europe’s sovereign debt crisis has given investors few places to hide; however, one asset class that can be seen as safe haven is gold-related investments — and the current pullback could be a good buying opportunity,” suggests Brandon Clay . The editor of Invest with an Edge explains, “The Market Vectors Junior Gold Miners ETF ( GDXJ ) has outperformed its larger rivals since its debut last November. “The ETF has proven popular with investors; since it came public it has accumulated almost $116 million in assets. That’s an impressive haul in such short time. Continue reading Junior Gold Miners (GDXJ): Safe Haven Asset Class? Junior Gold Miners (GDXJ): Safe Haven Asset Class? originally appeared on BloggingStocks on Tue, 25 May 2010 15:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Eldorado Gold (TSE:ELD), Yamana Gold (NYSE:AUY), AngloGold Ashanti (NYSE:AU), All Close Session Higher

It was interesting watching gold mining companies like Eldorado Gold (NYSE:EGO) (TSE:ELD), Yamana Gold (NYSE:AUY) and AngloGold Ashanti (NYSE: AU) rose uniformly with the price of gold today, and they weren’t the only gold miners doing that. I checked out about 15 gold miners, and everyone of them moved in sync with gold prices throughout the day. It went like this. First there was a huge

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Freeport McMoRan (NYSE:FCX), Newmont (NYSE:NEM), Randgold (Nasdaq:GOLD) Down Today

Freeport McMoRan (NYSE:FCX), Newmont (NYSE:NEM) and Randgold (Nasdaq:GOLD) were all down just after mid-day, as gold futures prices have fluctuated back and forth above and below $1,237 an ounce. This isn’t anything to be too concerned about, as there was no way they could continue to explode at a sustainable level at the pace of the last couple of days. But I do think the gold mining sector

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Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) About to Take Off?

The fairly new Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) may be a great way to play the gold sector now, as gold is about to take off as most barriers have been removed, and even more important, gold mining companies look like they’re finally going to start moving up with gold futures’ prices, which Market Vectors Junior Gold Miners ETF could strongly participate in.Why this is important

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