platinum

Bullion vs Mining Stocks | Financial News

Filed in African Gold, Bank Gold, Gold, o, platinum, silver by on February 19, 2011 0 Comments

I discuss the pros and cons of owning mining stocks vs bullion and give my opinion on 401ks. seekingalpha.com I looked at the. … It was not a pretty picture as it was revealed that a basket of silver stocks we track in my newsletter had underperformed silver by 27%” www.marketoracle.co.uk “The Canadian mining stock mutual funds lost between 25% and 55% in 2008, whereas BMG BullionFund, a mutual fund that holds physical gold , silver and platinum bullion , lost only 4%” …

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Stillwater Mining (SWC): Platinum and Palladium Profits

Filed in Bank Gold, o, platinum, revenue by on February 11, 2011 0 Comments
Stillwater Mining (SWC): Platinum and Palladium Profits

“With annual revenues of $394 million, Stillwater Mining ( SWC ) is a small cap play in the palladium, platinum and associated metals mining sector,” says technician Leo Fasciocco . The editor of Ticker Tape Digest explains, “Technically, the stock has broken out from a nine-week flat base. The move carries the stock to an 8-year high. “Stillwater produces palladium, platinum and associated metals from a geological formation in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters. Continue reading Stillwater Mining (SWC): Platinum and Palladium Profits Stillwater Mining (SWC): Platinum and Palladium Profits originally appeared on BloggingStocks on Fri, 11 Feb 2011 12:45:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold Prices Fall for Second Week, Silver Surge 4.8% | Coin News

Filed in Australian Gold, Gold, Indonesian Gold, o, platinum, silver by on November 20, 2010 0 Comments

Precious metals were mixed this week as platinum and gold prices retreated while palladium and silver prices rallied. American Eagle bullion coins soared. U.S. stocks were nearly unchanged from last Friday, but oil registered its worst …

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The United States of Debt

The United States of Debt

You’ve been hustled. We’ve all been hustled. And as a result, the American dream has turned into the American nightmare for tens of millions of our countrymen. Many of us are drowning in extremely high levels of debt, pushed onto the American public by the banks and financing companies looking to compete with each other for higher revenues. They successfully convinced Americans that we could afford future payments. But now, many are virtually enslaved by the debt these swindlers pressured us to accept. Just say no to debt dealers Massive debts are keeping Americans awake at night. And many are struggling with payments due to a number of grim economic factors. The real rate of unemployment, for instance, is most likely double whatever number the government tells you. Meanwhile, even the money we do have in the banks is suddenly not as safe as it once was… Since 2007, the number of banks that have failed each year has increased 5,534%— and is rising annually. This year, the number of banks to fail has already exceeded 2009’s closures. Take a look: At the same time, investments in the stock markets seem to have taken on the air of a gambling casino, and the pillars of greed and corruption go unchecked, virtually without bounds in our major financial institutions, governments worldwide, and within the general fabric of society. But that’s just the half of it… The world is scrambling to control resources needed to keep economies going. This is causing diplomatic issues, currency wars, and geopolitical strife of all kinds. Crude oil, gold, rare earth metals, clean water, silver, palladium , and platinum, for example, are increasingly becoming more difficult to obtain at reasonable prices. Without these precious commodities, we don’t have the building blocks to keep modern society going. List of U.S. Taxes Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL license Tax Cigarette Tax Corporate Income Tax Court Fines Dog License Tax Federal Income Tax Federal Unemployment Tax Fishing License Tax Food License Tax Fuel permit tax Gasoline Tax Hunting License Tax Inheritance Tax Interest expense Inventory tax IRS Interest Charges IRS Penalties Liquor Tax Local Income Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Septic Permit Tax Service Charge Taxes Social Security Tax Road Usage Taxes Sales Taxes Recreational Vehicle Tax Road Toll Booth Taxes School Tax State Income Tax State Unemployment Tax Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone minimum usage surcharge tax Telephone recurring and non-recurring charges tax Telephone state and local tax Telephone usage charge tax Toll Bridge Taxes Toll Tunnel Taxes Traffic Fines Trailer Registration Tax Utility …

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Ben Plans, Commodities Soar

Welcome to the Wealth Daily Weekend Edition— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Don’t look now, but the Fed has just driven the magic bus right off of the cliff. Nowhere to run, nowhere to hide, it’s break on through to the other side. With nearly $1 trillion in new money now set to roll off the printing presses, the Fed has finalized its course. Inflation is the destination. It does so with a giant magical checkbook that creates money out of nothing. And as we know, since the 70s, it is one that is no longer tied to gold. It’s what the gold bugs mean when they denounce the dollar as being nothing more than “fiat money.” That is, it’s backed up only by the “full faith and credit of the U.S. Government.” That’s why commodity prices have been going nuts as of late, as investors place their bets against all of Big Ben’s phony new greenbacks. For instance, did you know that copper has surged 28% on stronger demand and a weaker U.S. dollar? Or that cotton and gold traded recently at all-time highs for the same reasons? They have— and along with everything else, including oil, commodities are likely headed much higher from here… In fact the dollar’s weakness, inflationary pressures, and stronger emerging-market demand, all mean that commodities are going to be very bullish over the next 12 to 18 months. Advertisement The Options Guide Your Broker Doesn’t Want You to See… Most people think profiting from options requires years of investment experience or a seasoned stock broker. That’s why people are losing thousands of dollars everyday. Our in-house options expert Ian…

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Gold Powers to a Record $1,383 per Ounce

Gold Powers to a Record $1,383 per Ounce

Filed under: Commodities , Oil , Agriculture , Federal Reserve The gold market exploded Thursday with the December contract up $45.50 to $1,383.10 per ounce, as reported in the Wall Street Journal . As usual, there are lots of reasons for the spectacular rise. The two main ones are currency worries and inflation. Let’s take the currency issue first. The December U.S. dollar contract is hovering just above the 75 level. That level held and the dollar then rose to 89.11. Now it has come back down to the 75 level. A breach of 75 would signal a further move down. Continue reading Gold Powers to a Record $1,383 per Ounce Gold Powers to a Record $1,383 per Ounce originally appeared on BloggingStocks on Fri, 05 Nov 2010 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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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 …

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Five Gold Investment Alternatives

Five Gold Investment Alternatives

Gold prices are soaring. Last month, the price of gold breached a new all-time record high of over $1,387 an ounce. But with gold increasing almost 20% in three months, speculators concerned with a correction in prices may want to consider other hard asset commodities as an alternative investment. So with that in mind, today I bring you five hard asset alternatives to gold to consider. Five gold investment alternatives Gold is a commodity. As such, the yellow metal derives a large part of its value from the balance of supply and demand. The majority of the world’s supply of gold comes from mining (58%) and recycling (42%). Meanwhile, global gold demand is dominated by the jewelry and investment sectors. The applications, market, and dynamics of its supply-demand balance make the first investment alternative to gold obvious. Gold Investment Alternative #1: Silver and other precious metals Like gold, world supplies of silver and other precious metals — including platinum and palladium — are dominated by mine production and recycling. In the case of silver, 80% of global supplies are mined while 19% are recycled. Meanwhile, worldwide supplies of platinum and palladium are more dependent on recycling and stockpiles. Unlike gold, the demand for silver, platinum, and …

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Goldman Sachs’ New 12-Month Gold Forecast: $1,650 an Ounce

Goldman Sachs’ New 12-Month Gold Forecast: $1,650 an Ounce

Investment powerhouse Goldman Sachs now believes gold may rally more that 20 percent from this month’s record to $1,650 an ounce in 12 months citing further quantitative easing in the United States and the prospect for falling long-term interest rates. Goldman also raised its three- and six-month gold price forecasts to $1,400 and $1,525 an ounce, respectively. Analysts from Goldman Sachs wrote in a report this week: With U.S. real interest rates pushing lower off the slowdown in the pace of the U.S. economic recovery and the growing prospect of another round of quantitative easing, we expect gold prices to continue to climb…. Despite the rebound in net speculative length, it remains well below levels consistent with the current low U.S. real interest rate environment… The return to quantitative easing will likely be a strong catalyst to drive gold prices higher, and we expect the gold price rally to continue until U.S. monetary policy begins to tighten. The investment bank expects the Federal Reserve to return to quantitative easing with purchases of U.S. Treasury securities of $1 trillion, which should depress U.S. bond yields. The analysts recommended buying Comex December 2011 gold futures. They also recommended investors buy Nymex January 2011 platinum, saying that “recovering global automobile demand will likely continue to put upward pressure on auto-catalyst demand and therefore on platinum and palladium prices.” Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Goldman Sachs’ New 12-Month Gold Forecast: $1,650 an Ounce originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Gold and Silver March to New Highs

Gold and Silver March to New Highs

Filed under: International Markets , Market Matters , Commodities , Currency Precious metals moved higher today, led by gold, which set another record high. Here are the numbers: December gold futures are trading at $1,328.20, per ounce, up $11.40 (as of 8:00 am EDT) December silver is up 23 cents to $22.27 per ounce. October platinum is trading at $1,681.7 per ounce, up $14. December Palladium is up $7.20 to $568.50 per ounce. Continue reading Gold and Silver March to New Highs Gold and Silver March to New Highs originally appeared on BloggingStocks on Tue, 05 Oct 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Good News is OK, Bad News is Better

Good News is OK, Bad News is Better

Markets have reached a point where fundamentals don’t matter much. These days, when nasty economic data comes out, stocks are more likely to rise than they are to fall. Why? Because ugly data means the Fed is likely to “ease” further — i.e. pump more cash into the economy. That money inevitably finds its way into the markets. The logic is perverse; but to be a successful investor today, you need to focus more on what the Fed is up to than anything fundamental. Morgan Stanley’s Jim Caron summed it up nicely in a recent note to clients: Investment decisions across many asset classes today are tantamount to an educated guess on what the Fed decides to do regarding QE. In the near-term this trumps fundamentals, valuations and almost everything else . If you believe in any sort of free market, it’s all very frustrating to watch. This market is dependent on a few bank-biased individuals — not ideal, to say the least. But there is a bright spot in this mess: precious metals, of course. Gold , silver, palladium, and platinum have all benefited from the Fed’s quantitative easing (QE) experiment. The rationale for owning these assets is simple: If you believe the Fed will print more money, you should buy physical PMs and miners . Major inflation doesn’t even need to occur for gold to rise. As long as the Feds keep eroding the dollar’s purchasing power and running huge deficits, gold and other metals should perform well. Back in December of 2009— in a piece called “Why I’m Buying the Gold Dips” — I wrote, “There’s simply no way the Fed can stop propping up the market.” Gold was trading around $1065 then, and it’s over $1300 today. The long-PM strategy has worked for years, and I don’t see that changing in the near future. Budget woes and financial uncertainty aren’t going away any time soon, so precious metals should continue to outperform. Especially now that QE 2.0 is beginning to be accepted as inevitable. Analysts are finally realizing that deflation will not be allowed to occur. The Fed printing presses are just warming up… They will continue to devalue the dollar, goose the stock market, and monetize America’s debt for

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U.S. Mint Raises Premium on American Silver Eagles

Filed in Gold, Gold Eagle, GOld juniors, platinum, silver by on October 4, 2010 0 Comments

The U.S. Mint has increased the premium charged for American Silver Eagle bullion coins from $1.50 to $2.00 per coin due to higher production costs. The Mint does not sell American Silver Eagles directly to the public, but distributes the coins through a network of Authorized Purchasers, who resell the coins to other bullion dealers, coin dealers, and the public. The price for American Silver Eagles sold to Authorized Purchasers is determined based on silver content plus a premium. The last time the Mint increased the premium for Silver Eagles was February 2009 when it was increased from $1.40 to $1.50 per coin. Prior to that, premiums were raised in October 2008 from $1.25 per coin to $1.40 per coin. The U.S. Mint’s American Eagle series of bullion coins has become very popular over the past few years. Sales of the American Silver Eagle increased 191% between 2007 and last year. *2010 estimate Meanwhile, sales of the American Gold Eagle increased 616% over the same time; and sales of the American Platinum Eagle shot up a staggering 2,700% in just three months ending in October 2008, when the Mint ran out of platinum blanks to produce the coin. The U.S. Mint still hasn’t been able to keep up with the soaring demand for the American Platinum Eagle bullion coins. Over the summer, the Mint announced it would produce 10,000 American Platinum Eagles. When the Platinum Eagles were released in late August, they sold out in less than a week. To help ease the buying pressure from the gold, silver, and platinum American Eagle bullion coins – and to support a major mining company in his home state – Montana-based Republican Denny Rehberg recently introduced new legislation that called for the production of a new American Palladium Eagle bullion coin . I recently published a new report on this new American Palladium Eagle bullion coin and what it could mean for palladium prices and you as an investor. I called the report simply The New American Palladium Eagle Bullion Coin. You can read this free report now by clicking here or by copying and pasting the following link into your internet browsers address bar: http://www.wealthdaily.com/articles/the-new-american-palladium-eagle-bullion-coin/2749 Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits U.S. Mint Raises Premium on American Silver Eagles originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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