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Mining Juniors - Massive Gains - A MUST READ

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Posted by Peter Grandich & Martin Mittelstaedt

on Tuesday, 21 February 2012 05:22

Junior Detour Gold Corp up eightfold since late 2008, Ventana Gold Corp up nearly hundredfold before a takeover. 

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Detour Gold Corp chart above

 

Peter Grandich: On January 2, in my “2012 Outlook”  I posted this commentary on what I know and believe about the junior resources industry. I thought it was so important, it is now a permanent link (on Peter's navigation bar) called MUST READ.

Here is another article I consider a “must read” about junior resource stocks by Martin Mittelstaedt

Junior miners: The big score – and the big risk 

Detour Gold Corp. has risen eightfold since late 2008, buoyed by exploration success at an Ontario property. Ventana Gold Corp. rallied nearly hundredfold on the strength of a Columbian mineral find, before it was snapped up in a takeover last year.

With these kinds of outsized gains, investors can be forgiven for wondering where they might find the next Detours or Ventanas, companies able to turn a small grubstake into some very serious money.

The trouble is, junior explorers, while offering dramatic gains, pose a bewildering problem: The extreme difficulty of stock selection. Small mining outfits are the most common type of security listed on Canada’s two equity markets. There are about 2,100 junior mining companies in the country, outnumbering bigger mining companies with actual producing mines by nearly 10 to one.

To help investors along, here are some stock-picking tips from the pros – mining analysts whose job is to steer their clients into the most promising of the juniors.

 

....read the tips HERE

 

 

 

 



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Gold & Precious Metals

Potent: 42 Must See Gold Outlook Charts/Scenarios

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Posted by Dr. Martin Murenbeeld - DundeeWealth

on Saturday, 18 February 2012 03:21

This collection of charts/scenarios is so impressive Michael Campbell invited Dr. Martin Murenbeeld on Money Talks this weekend to discuss them. You can view all 42 charts/scenarios HERE. To listen to the interview go to the 20.30 minute mark of the player titled "MoneyTalks radio show" you can see directly above this article's title centre page. Three examples are below: Screen shot 2012-02-21 at 12.22.37 PM

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....view all 42 Charts HERE



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Gold & Precious Metals

Silver on the Verge of a Blastoff - Timing & Targets from Two of the Best

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Posted by Mark Leibovit via Don Vialoux (Updated Feb 22)

on Friday, 17 February 2012 07:43

Mark Leibovit's 2/22 Precious Metals pre-opening comment:  GOLD – ACTION ALERT – BUY
Metals took off for the same reason stocks rallied. Platinum saw a new recovery high of 1646 along with Palladium which traded at 717. Silver touched 34.58, just four cents under its February 34.62 peak. Gold fell a tad short too touching 1761.50 versus its February 3 peak at 1764.20. The burden of proof is on the bulls here, but ‘seasonality’ for gold is beginning to run out. I would still like to see silver push back toward my projected 30-31 pullback zone. Afterwards, my target is first 37 on its way to 42-43. Gold targets to the mid 1800s and perhaps back to its record 1922 high, but I was thinking we should first see more of a pullback, perhaps into the 1600s. So far, this market has said it has other plans. Stay tuned.

Seasonal Comments

by Don Vialoux - market comment by Mark Leibovit

First: Mark Leibovit's 2/17 Precious Metals comment: GOLD – ACTION ALERT – BUY
As with equities, early weakness reversed to modest gains on the session. Silver, in particular, was pushing toward my projected 30-31 pullback zone, but stopped at 32.56 before closing at 33.52. I think you need to keep a solid core holding here. This baby could take off at a moment’s notice and we could suddenly see it trading at 37 on its way to my 42-43 projected target zone (not to say it couldn’t go higher at a later time). Gold touched 1704.30, just above last Friday’s 1703.40 low, so it was clearly demonstrating some relative strength as well. As you know, I was looking (hoping) for a pullback at least into into the mid to high 1600s. Famous last words? Core positions need to be held here for the same reason as for silver.

Ed Note: The Following is from Don Vialoux's Friday comment HERE

Updates on other sectors and equities with positive seasonality
Silver has entered into a shallow short term correction. Short term momentum indicators are trending lower, but have yet to show signs of bottoming. Downside risk is to its 50 day moving average currently at $31.24. Strength relative to the S&P 500 remains positive. Seasonal influences remain positive until May. Add to positions closer to its 50 day moving average.

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Ditto for Platinum! A shallow short term correction has started. Seasonal influences are positive until May. Strength relative to the S&P 500 Index remains positive. Adding on weakness closer to its 50 day moving average makes sense.

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Canadian lumber stocks are showing technical signs of completing a shallow short term correction. Short term momentum indicators are trying to recover from oversold levels. Strength relative to the TSX Composite Index and S&P 500 Index remains positive. Seasonal influences remain positive until mid-April.

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The Shanghai Composite Index continues to move higher. Short term momentum indicators are overbought, but continue to trend higher. Strength relative to the S&P 500 Index remains positive. Seasonal influences remain positive until May.

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Ed Note: More from Don Vialoux's Friday comment HERE

More on Mark’s services is available at
http://www.vrtrader.com/login/index.asp

Mark Leibovit and VRTRADER.COM has been consistently ranked in the group of top market timers by TIMER DIGEST. Two of note: Mark was ranked #1 Gold Timer at mid-year 2011 and finished #2. He was the #2 Gold Timer for the 10 year period ending 12/31/09.




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Gold & Precious Metals

Canada's Best Known Gold Buyer On What Greece Means To Investors

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Posted by John Embry - King World News

on Thursday, 16 February 2012 01:06

shapeimage 24

Greece Descending into Total Chaos & Violence


With the situation in Greece becoming extraordinarily dangerous, today Nigel Farage told King World News that Greece is nearing a full blown revolution.  He also said a former distinguished Greek Ambassador is telling him that people with assets are now buying rifles and preparing to defend their properties.  - more on the violence by Farage below or full article HERE

John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management told KWN that we have seen “peak gold.”  He also filled us in on what the Greek situation really means for gold:  “Gold is in a bit of a stranglehold here and has been since almost the beginning of February.  It sort of coincides with this whole Greek saga where they seem to have a solution every morning and by the end of the day somebody points out another flaw. I think this is extremely bullish for gold.” - full article by Embry HERE

 

Here is what Farage had to say about Greece descending into utter chaos:I have spoken on this Greek subject repeatedly, and on the Sunday just gone it was a very dramatic day because the Parliament held a session to vote on whether they would accept the new bailout package.  There were a couple of very interesting things that happened there.  Before the vote took place there were 80,000 people on the streets, outside the Greek Parliament, basically attempting to storm the Parliament.
Nigel Farage continues:
“There were 5,000 Greek police there using tear gas and there were 10 major buildings that were set on fire.  It really was a very dramatic scene that took place in Athens on Sunday.  The Greek Prime Minister, before the vote, said, ‘Violence and destruction have no place in a democratic country.’  My response to that today, on the floor of the European Parliament, was, ‘What democratic country?’  You know we’ve got a Prime Minister that nobody voted for and we now have what is called ‘The Troika,’ who are bureaucrats from the European Commission, the ECB and the IMF.
These three bureaucrats come in once a fortnight and they tell the Greek Prime Minister what he may and may not do.  There is no democracy in Greece.  The country that invented democracy has now had it stripped away.  Is it any wonder that people take to the streets and things turn violent if their rights have been taken from them?  That was really the key point I was making today.”
Farage also had this to say regarding the police beginning to turn on their masters:  “I agree with that because the second part of the quote from (Greek Prime Minister) Papademos, he said, ‘This behavior will not be tolerated.’  Meaning we’re going to crack down hard....

....read all of the Nigel Farage Interview HERE




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Gold & Precious Metals

Mark Leibovit’s Daily Gold Comment

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Posted by Mark Leibovit - Article by 321Gold.com

on Wednesday, 15 February 2012 08:20

GOLD – ACTION ALERT – BUY

Despite the lowering of margins requirements on the part of the CME (Counterfeit Mercantile Exchange), metals took a bit of a tumble on Friday and tried and failed to rally yesterday. I’ve cautioned we might be hitting a short-term trading top. We know ‘seasonality’ studies call for a top in gold by the end of February while also calling for a very choppy period in silver until it reaches its theoretical May peak. A retracement in silver to 30-31 and gold to 1610-1660 would be ‘normal’. Anything beyond that, particularly on increasing volume would be a negative. That said, I remain on my BUY signal thinking we could still see gold at 2000+ this year. Silver could well test its high at 49-50. Stay tuned.

 

Gold Fire Sale

Buy Now Sale Ends Soon

 

Inverse Lin-omena, the inverse of the Jeremy Lin phenomena where the unknown and previously discounted suddenly rise to prominence; here, the powerful and previously secure suddenly fall.

Today, central bankers, the mandarins of capitalism, are in disarray. Their attempts to contain capitalism’s current crisis increasingly resemble the tactics of a defeated army in retreat. Like Napoleon and Hitler’s respective “Moscow moments”, the 21st century economic crisis has brought to an end the bankers’ spectacular 300 year run at the table of power and wealth.

The indebting of others as a means of accumulating wealth ends when the indebted can no longer pay what they owe. The arcane and esoteric scribblings of second generation University of Chicago trained economists cannot cover up this basic fact, i.e. that the indebted are broke; and soon, their creditors will be as well.

The bankers’ franchise of credit and debt built on a leveraged foundation of paper money fractionally backed by gold allowed the West to accumulate geopolitical power and wealth on a vast scale. That era is now over.

It ended when the gold convertibility of the US dollar was terminated in 1971 when the cost of maintaining a global military presence outstripped the ability of the US to pay in gold what it owed on paper.

 

....read much more HERE

 

 



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