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Gold & Precious Metals

Find out what is next for Silver and Gold.


Posted by Show Update

on Saturday, 31 March 2012 08:11

silver bars 

David Morgan, Editor of The Silver Investor joins Michael on Saturday, March 31st. Listen live at www.cknw.com at 8:30am Pacific time or download the podcast above.

Find out what is next for Silver and Gold.

www.silver-investor.com



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Stocks & Equities

The Best Market to Invest In & the Two Stocks Tyler's Hot On


Posted by Tyler Bollhorn - StockScores

on Saturday, 31 March 2012 08:09

I will be speaking in Calgary and the Calgary Resource Conference at the Telus Convention Center, you can register at www.cambridgehouse.com . I am doing my talk,
How to Identify Opportunities in Junior Resource Stocks on Saturday March 31 at 1:30.

I consider the stock market my friend, although I don't think it calls me the same. I know the stock market does not care about me, it does not even know me from any of its other participants, but I feel the need to defend my friend. Over the past 20 years, the market has given me a lot of joy and excitement, although it has frustrated me at times too. And now, as the market goes through a time when it is maligned, I feel I must come to its defense.

This week, a CNBC poll ranked investment alternatives based on a survey they did and the stock market came in third behind Gold and Real Estate. 37% of respondents voted Gold as the best investment with Real Estate in second with 24% and Stocks in third at 19%.

The results don't surprise me; they simply confirm what we already know. People tend to invest with a rear view mirror and Gold has been a great performer over the past 10 years so give it the prize. I doubt that it will continue to be the best investment, over the past few months Gold has shown signs of weakness and is now threatening its long term upward trend line. It has not broken it yet so perhaps it will continue to be strong but history has shown that all trends come to an end eventually.

I think picking Real Estate as a good investment is a bit of respondents talking their own book. What would you expect people to say if they own a home? They are already invested in it so of course they will have a bias. I own real estate and I hope it goes up in value but I am not hopeful of that happening in the next few years. I really just need a place to live.

So we come down to the bronze medal. Poor stocks, you have already been through so much and still you get no respect. Perhaps the market just needs to hire a public relations firm.

The world associates the past five years of financial crisis with the stock market, although it was really leverage and greed that was to blame. When a person watches their net worth rapidly decline, and when that net worth is wrapped up in something that they do not enjoy, they are bound to have some animosity. At least we could enjoy our homes, even as their value dropped. You can't even buy a Big Mac with a share certificate.

The contrepreneurs of the world tend to somehow be involved in the markets. Bad people doing bad things catch a lot of attention, especially when the numbers are so staggering. Bernie Madoff is just one person and yet he was able to record a staggering fraud that was based in stock market investing. Put a few of these type of people in the news on a regular basis and pretty soon we think it is ok for people to camp out in public parks in protest.

We should be reminded that the stock market, like money, is not evil. As Ayn Rand wrote in Atlas Shrugged,

"So you think that money is the root of all evil?" said Francisco d'Anconia. "Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?

It is the people who can be evil and the excesses of our past have brought out their actions. The stock market is not rigged, it is just a place where people make their trades, but there have been bad people with considerable financial power who have used it to their advantage.

Just as the market does not care about me, it does not care about you. It is not out to get you, it is simply a place where people buy and sell assets at a price that each party deems to be fair. The buyer thinks the stock is going up, the seller thinks the stock is going down. One of them will be wrong. The market itself has no influence on who gets to win.

Do not turn your back on my friend. The stock market is the place where innovators and leaders get to finance the products and services that will add value to our lives. Whether it is a drug that will cure the disease you are going to get or the gadget that will tell you what the best wine to pair with your tenderloin is, the market is the engine of our economy. We just have to learn how to play it.

If you approach the stock market with common sense, you will lose. That does not make it evil, that just shows that you are taking the wrong approach. A year from now we will be able to look back and see how some stocks went up dramatically while others went down. If you take the time and put in the effort to make friends with the market, you might be able to be on the right side of those trends. Just don't expect the market to return any of your calls, it really does not care about you.

I am in Calgary this weekend and my two feature stocks are both based here, I found them scanning for stocks making abnormal price gains on Friday using the Stockscores Market Scan.

1. T.GTE
Up strong on Friday and broke a downward trend line that has been in place since last summer. The upward move today was driven by news of a 6300 barrels of oil per day production test on a project they have in Argentina. Support at $5.70.

tyler2

2. T.KRN
An upside break today from a pessimistic pennant pattern, this set up has good but not great potential to evolve in to an upward trend. The company is in the business of mining potash and magnesium and announced their financial results today which the market seemed to like. Support at $8.90.

tyler1

References

 

  • Get the Stockscore on any of over 20,000 North American stocks.
  • Background on the theories used by Stockscores.
  • Strategies that can help you find new opportunities.
  • Scan the market using extensive filter criteria.
  • Build a portfolio of stocks and view a slide show of their charts.
  • See which sectors are leading the market, and their components.

    Disclaimer
    This is not an investment advisory, and should not be used to make investment decisions. Information in Stockscores Perspectives is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The writers and editors of Perspectives may have positions in the stocks discussed above and may trade in the stocks mentioned. Don't consider buying or selling any stock without conducting your own due diligence.

 



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Energy & Commodities

Canada #1 in oil reserve - Amazing graphics showing 2 trillion barrels


Posted by Visual Capitalist

on Saturday, 31 March 2012 08:06

Screen shot 2012-03-28 at 2.58.03 AM

Canada is sitting on an Ocean of money. 2 Trillion Barrels of Oil! is a massively more than our current status 175 Billion Barrels proven, which now ranks us #3 in the World after Venezuala & Saudi Arabia. Let this visual story (main chart below) convince you of the Massive Wealth, practically unimaginable change, opportunity & Prosperous Future in the offing.  2 Trillion is more than twice the entire reserves of OPEC. Bottom line, Canada's Developing Oil Wealth combined with hungry customers like China & the easy to ship to US.......makes the Shieks of the Middle East begin to look like homeless paupers by comparison.

To realize this wealth, all Canada has to do is clean up the Worlds largest Natural Oil Spill.

For Larger Image Click HERE or on the image itself below:

oil-sands-in-canada-infographic



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Currency

US Dollar Breakdown = Higher Stock Precious Metals & Commodity Prices


Posted by Chris Vermulen - GoldandOilGuy.com

on Friday, 30 March 2012 17:13

Daily Chart of US Dollar Index:

The US Dollar index has formed a possible large Head & Shoulders pattern meaning the dollar could fall sharply any day. The size of this chart pattern indicates that if the dollar breaks down below its support neckline the we should expect the dollar to fall for 2-3 weeks before finding support.
Keep in mind that a falling dollar typically means higher stock and commodity prices. If this senario plays out then we should see the market top late April which falls inline with the saying “Sell In May and Go Away”.

Dollar3

Via Chris Vermeulen @ www.GoldAndOilGuy.com Sign Up Today @ http://www.thegoldandoilguy.com/signup.php



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Timing & trends

Precious Metals – Silver, Gold, Gold Miner Stocks On The Rise?


Posted by Chris Vermulen - GoldandOilGuy.com

on Friday, 30 March 2012 08:35

The past couple months investors have been focusing on the equities market. And rightly so with stocks running higher and higher. Unfortunately most money managers and hedge funds are under performing or negative for the first quarter simply because of the way prices have advanced. New money has not been able to get involved unless some serious trading rules have been bent/broken (buying into an overbought market and chasing prices higher). This type of market is when aggressive/novice traders make a killing cause they cannot do anything wrong, but 9 times out of 10 that money is given back once the market starts trading sideways or reverses.

While everyone is currently focusing on stocks, its important to research areas of the market which are out of favor. The sector I like at the moment is precious metals. Gold and silver have been under pressure for several months falling out of the spot light which they once held for so long. After reviewing the charts it looks as though gold, silver and gold miner stocks are set to move higher for a few weeks or longer.

Below are the charts of gold and silver charts. Each candle stick is 4 hours allowing us to look back 1-2 months while still being able to see all the intraday price action (pivot highs, pivot lows, volume spikes and price patterns).

The 4 hour chart is one time frame most traders overlook but from my experience I find it to be the best one for spotting day trades, momentum trades and swing trades which pack a powerful and quick punch.

As you can see below with the annotated charts gold, silver and gold miner stocks are setting up for higher prices over the next 2-3 weeks. That being said we may see a couple days of weakness first before they start moving up again.

4 Hour Momentum Chart of Gold:

Gold1

4 Hour Momentum Chart of Silver:

Silver2

Daily Chart of Gold Miner Stocks:

Gold miner stocks have been under performing precious metals for over a year already. Looking at the daily chart we are starting to see signs that gold miner stocks could move up sharply at the trade down at support, oversold and with price/volume action signaling a possible bottom

GoldMiners3

Daily Chart of US Dollar Index:

The US Dollar index has formed a possible large Head & Shoulders pattern meaning the dollar could fall sharply any day. The size of this chart pattern indicates that if the dollar breaks down below its support neckline the we should expect the dollar to fall for 2-3 weeks before finding support.
Keep in mind that a falling dollar typically means higher stock and commodity prices. If this senario plays out then we should see the market top late April which falls inline with the saying “Sell In May and Go Away”.

Dollar3

Precious Metals Conclusion:

Looking forward 2-3 weeks precious metals seem to be setting up for higher prices as we go into earning season and May. Overall the market is close to a top so it could be a bumpy ride as the market works on forming a top in April.

Chris Vermeulen
www.GoldAndOilGuy.com




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