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
miners
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 …
La Nina effect not priced into thermal coal companies
A protracted, La Nina-related wet season cut Indonesia’s thermal coal exports (the country is the world’s largest exporter) by 15 percent in 2010 (though the overall industry’s capex was up 18% yoy, suggesting the potential for increased volume capacity) and also hurt output in other key producing regions such as Queensland, South Africa and Colombia will give miners “the upper hand
Uranium’s Bull Market Pushes Forward
Uranium prices are breaking out. A pound of U3O8 hit $70 yesterday, up 12% already for the year. And thanks to increasing demand and tight supply, prices could be headed even higher. When uranium prices bottomed out last summer, Wealth Daily took notice and started telling you about it… Back in August, Ian Cooper told readers: “Uranium just became the hottest story of the year — and quite possibly the ‘supply-demand’ buying opportunity of a lifetime.” Why we’re investing in uranium: increasing global demand production shortfalls mine closings diminishing secondary supplies significant price increase growing speculation He hit the nail on the head. Since that time, the price of uranium has increased some 60%. Ian told subscribers, “One company set to benefit significantly is Cameco (NYSE: CCJ), the co-owner of the world’s biggest uranium mine.” Wealth Daily members who bought CCJ on Ian’s recommendation have returned a 52% gain so far. But Ian wasn’t the only Wealth Daily editor telling you about uranium… A few weeks later, Chris DeHaemer wrote: “The downtrend [in uranium prices] has been broken and we’ll start to see higher highs as well as higher lows.” In his article, Chris talked about Uranium One (TSX: UUU) and Denison Mines (AMEX: DNN), which have returned 70% and 119% gains respectively since he wrote the article. Even Angel Publisher Brian Hicks wrote to you a few months back, calling Uranerz Energy (AMEX: URZ) “the single uranium stock you need to own right now.” At the time, he urged Wealth Daily subscribers to buy shares of Uranerz Energy at $1.50: “Buy URZ at current levels for triple-digit gains in the coming months.” Since that time, shares of URZ have more than tripled, paying investors a 267% gain . Shares of uranium miners like Uranerz and the others have been reacting positively to surging commodity prices. Uranium prices spike 67% in six months Since bottoming out at $42 in June, the price of uranium-oxide (U3O8) jumped to $70 per pound this week for the first time since April 2008 as demand…
Time to Buy Gold Stocks…Again
Gold stocks are seen as relatively cheap in this essay with reference to the Market Vectors Gold Miners ETF and declining fain the the paper monetary system. … Western central banks are trashing their own currencies at unprecedented rates , while Eastern central banks are slowly tightening policy and accumulating gold bullion . If current trends in government spending and central banking continue, gold could soar to multiples of its current price. …
Gold Stocks, GDX Steady, Sunridge Surges 8.0% – Marketcut …
GOLD STOCKS NEWS – Gold stocks held firm Wednesday, with the Market Vectors Gold Miners ETF (GDX) rising $0.12 to $55.93 in morning trading. The modest gain in gold stocks and the GDX came as gold bullion rose $3.76 to $1372.08 amid …
Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY), Eldorado Gold (NYSE:EGO) Hammered Again on Down Gold Day
Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY) and Eldorado Gold (NYSE:EGO) took another hit Wednesday as gold prices ended in the negative, although much better than the last couple of days.The good news is some gold miners like Novagold (AMEX:NG), Ivanhoe (NYSE:IVN) and Iamgold (NYSE:IAG) all closed in the positive, and Ivanhoe has been positive even on some of
Junior Gold Stocks to Shine in 2011
Last Friday, I urged Wealth Daily subscribers like yourself to buy gold and silver ahead of major buying that needed to take place this week to satisfy contractual COMEX obligations before the end of the trading day today… Gold and silver prices have remained volatile in both directions since October. But indications from the COMEX show suggest we may see a spike in these precious metals prices next week… Contracts for gold and silver December futures that demand physical metal must be met by then. But there appears to be a significant shortfall in the actual physical metal required to meet these demands — especially in silver. If these contractual obligations are not met by the 12/31/10 deadline, then we could see a default scenario, which would drive the metals prices even higher and cause great instability for other markets as well. This is exactly what happened. Advertisement This Play Just Keeps Making Money – 155%… 323%… 900%… ???% A few months ago, I released a special video on a tiny Mongolian oil company. I predicted this little-known company would go absolutely ballistic once drilling results came in. And boy was I right. Early investors had a shot at 900% gains. And the way I see it, we’ll see a repeat very soon. So check out this video on the matter and make sure you’re one of the early birds this time around.  Significant buying of physical gold and silver to meet COMEX futures drove bullion prices much higher this week. Take a look: While the physical bullion market is rising, junior mining shares are starting to get some attention once again. Junior mining stocks are even more speculative — but their risk/reward tradeoff amplifies potential gains even further. And when junior gold stocks are in favor, they can quickly return legendary gains. There’s just one little problem… There are over 1,000 junior mining companies listed on the TSX Venture exchange alone. And it’s very difficult to sort through all the promotions and scams to find solid junior gold stocks. Going through all those companies was a very time-consuming and nerve-racking ordeal… So, if you don’t …
