silver

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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Dolby Laboratories’ (NYSE:DLB) Profits Up 25 Percent YOY

Dolby Laboratories (NYSE:DLB) reported profits in its first quarter rose by 25 percent, citing growth in service revenue and licensing fees. There was also a one-off tax event that helped them. The down side was for fiscal year 2011, Dolby cut their revenue guidance and non-GAAP earnings for the the year, saying the PC market will continue to struggle. GAAP net income for the first quarter

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Brazil Approves Syngenta’s (NYSE:SYT) Triple Stack Corn

Filed in Brazil, Gold Bullion prices, o, silver, Syngenta, Triple Stack Corn by on February 4, 2011 0 Comments

Syngenta (NYSE:SYT) announced they’ve received approval from Brazil for the company’s triple stack corn. The National Biosafety Committee in Brazil told Syngenta they could now plant its triple stack corn: Bt11 x MIR162 x GA21 in the country. The triple stack corn of Syngenta is a combination of tolerance to herbicides and resistance to insects, specifically the fall army worm, which is the

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Ben Plans, Food Prices Reach All-Time Highs

Ben Plans, Food Prices Reach All-Time Highs

Don’t you just love the Federal Reserve…? Higher prices have helped to set the world ablaze and Bernanke & Co. continue to insist inflation is a figment of our imagination. You see, despite the obvious fact that commodity prices are skyrocketing……. …the Fed comes out with this nonsense this morning. About inflation the Bernank remarked: “On the inflation front, we have recently seen significant increases in some highly visible prices, notably for gasoline. Indeed, prices of many commodities have risen lately, largely as a result of the very strong demand from fast-growing emerging market economies, coupled, in some cases, with constraints on supply. Nevertheless, overall inflation remains quite low : Over the 12 months ending in December, prices for all the goods and services purchased by households increased by only 1.2 percent, down from 2.4 percent over the prior 12 months. To assess underlying trends in inflation, economists also follow several alternative measures of inflation; one such measure is so-called core inflation, which excludes the more volatile food and energy components and therefore can be a better predictor of where overall inflation is headed. Core inflation was only 0.7 percent in 2010, compared with around 2-1/2 percent in 2007, the year before the recession began.” Meanwhile, the reality is food prices around the world have hit their highest levels EVER… From Breitbart entitled: World food prices hit record high: UN agency “ World food prices reached their highest level ever recorded in January and are set to keep rising for months, the UN food agency said on Thursday, warning that the hardest-hit countries could face turmoil. Rising food prices have been cited among the driving forces behind recent popular revolts in north Africa, including the uprising in Egypt and the toppling …

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Top Valentines Day Stocks

Filed in BP, Gold Investing, Gold Prices, o, shares, silver by on February 3, 2011 0 Comments

Most people know when Valentine’s Day is, but in case you missed the memo, it is Monday, February 14, so if you haven’t done the shopping for your Valentine, then you better get cracking. One option is to give a gift of shares of stock in companies tha…

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Stocks Going Ex Dividend the Second Week of February

Filed in BP, dividend, o, silver by on February 3, 2011 0 Comments

Here is our latest update on the stock trading technique called ‘Buying Dividends’. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to th…

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Auriga’s Bachman Reiterates BUY on Renesola (NYSE:SOL) – Top Pick in Coverage Universe

Filed in auriga, BP, o, silver, target by on February 3, 2011 0 Comments

February 2, 2011 – Analyst Comments – Auriga’s Mark Bachman reiterated a BUY rating on Renesola (NYSE:SOL) and a $27 price target, citing bullish industry commentary from MEMC (NYSE:WFR), a Renesola customer. Bachman noted that Reneso…

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Rare Earth Update

Filed in BP, Gold, o, silver by on February 3, 2011 0 Comments

A few days ago we blogged about rare earth being more valuable than gold. If you missed that blog posting on January 27th, you can read it here if you wish. The stock mentioned in this blog posting was a stock trading on the NYSE named MOLYCORP, symbol MCP. Since that posting, MOLYCORP has moved

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On South Africa’s wasted human capital

Filed in AIG, BP, Brazil, o, silver by on February 3, 2011 0 Comments

A post on Egypt’s population is coming up, I assure you all. The importance of the subject merits doing it right. For now Suffice it to say that Egypt’s key to the future of the regions of Nasser’s Three Circles, the Arab world, Africa, and wider Islam…

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Do I See Lipstick On A Pig? Or Is The Stock Market and Gold Still Going Up?

Filed in AIG, BP, Debt, Gold Investing, inflation, o, silver by on February 3, 2011 0 Comments

As most sophisticated investors and traders are aware, the U.S. Federal government has run up significant deficits and the long term debt burden is becoming a drain on Gross Domestic Product. That being said, most economists are discussing the possibility of a major decline in the value of the U.S. Dollar going forward as inflationary

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Crisis in Egypt Continues as Stocks Consolidate Above Key Levels

Filed in AIG, BP, Gold Investing, Gold Prices, o, silver by on February 3, 2011 0 Comments

ADP Employment index took center stage after the market received a jolt of buying on Tuesday.  Disappointing investors December’s ADP Employment index was revised down significantly throwing caution to the employment winds despite the index’s gains.  The day saw the NASDAQ hang in a relatively tight range with the S&P 500 keeping above its 1300

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Avery Dennison Beats on Revs – Analyst Blog

Filed in AIG, BP, EPS, Gold Investing, o, silver by on February 2, 2011 0 Comments

Avery Dennison reported 4Q10 adjusted EPS of 98 cents, matching the Zacks Consensus Estimate.

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