About five days ago, we wrote that although the correction we expected was getting underway, we were going to continue to hold Agnico Eagle shares due to the fact that we believed that a “Golden Cross” was about to take place on the chart.

Indeed, the 50dma has now broken up a fair way through the 200dma and so we have seen the (read more…)

It was close. It was very close. The US Dollar Index went as low as 80.02, so very close to breaking down through though critical support at 80.

However, we didn’t want the USD to break 80, not yet and we were pleased to see the USD begin to bounce and believe it or not, we were happy to see gold and silver take a tumble.

Why? (read more…)

We are not keen on using margin for investment purposes but what if the current economic situation suggested that it was worth a punt?

When we look at the everyday things we do we can see that prices are heading north at a brisk pace When we do a rough and ready survey we come up with the following (read more…)

In May we wrote that Agnico Eagle was set to go higher and indeed it has done just that, making a technical breakout after some good news before getting past resistance at $42.00 and challenging its all time high.

We have covered Agnico Eagle extensively throughout this rally and we have said that we thought that a correction was due (read more…)

In a communiqué from Bloomberg the central banks recent gold sales and planned sales for the future are weighing heavily on gold (read more…)

With the US Dollar declining more and more everyday, investors at large are soon going to be looking to get out of the US Dollar and into “things” ie. hard assets that have real value, unlike fiat paper currencies, in order to protect themselves against a dollar collapse.

There has been some speculation that investors will buy other currencies such as the pound and euro to hedge against the dollar, but precious metals, in particular gold and silver, will be the number one choice as a dollar hedge (read more…)

Choctaw County Supervisors are moving forward with the agreement between the County and Silverado Green Fuels by applying for a loan of up to $1.0 million to go towards the project

This is a good move for the financial health of the project as it helps to get the ball rolling (read more…)

Yamana Gold took a bit of a hit recently as investors sold shares on the back of news that Yamana might be taking over Meridian Gold.

Yamana has made a slight recovery but now, technically speaking, the stock is rapidly approaching what we have dubbed the “Crunch Point”.

If you take a look at the chart above (read more…)

The summer season brought with it the summer doldrums until a few weeks ago when both gold and silver started to tick upwards.

As we can see from the short-term chart above, the gold and silver mining stocks were quick to respond pushing the HUI up from 320 to 370 in less than 4 weeks for a gain of 15.6% (read more…)

Gold prices have risen over $30 in the last month and now have comfortably broken the recent downtrend that they were in, moving up to form a new uptrend, ready to challenge the $700 level.

From October to April this year, gold prices were in a solid uptrend, making higher highs and higher lows. However the $690-$700 level put up some resistance and after two failed attempts to break through this resistance, gold prices went into decline, breaking the short term uptrend and forming a downtrend that held gold prices down through May to the end of June.

However (read more…)