A good set of results and a new web site targeting China served as a double whammy yesterday and drove Silverado’s stock price up to $0.072, on volume of 6.9 million shares traded.

We have been invested in this gold and green fuel stock for some time now and have endured a bouncy ride throughout this period of ownership. Silverado’s stock price however (read more…)

As we watch the trading session winding down in New York we can see gold and silver have had a tremendous day, with gold starting out at $935/oz and progressing to touch $950 as we write.

On the positive side for gold we have oil closing at $100.88/barrel and a myriad of billion dollar rescue packages for inept bankers and financial institutions. These actions may well be necessary however they ultimately serve to undermine our confidence in assets of the paper nature (read more…)

Fronteer Development Group (FRG) put in a great day rising $0.69 to trade at $9.37 as we write. Fronteer is a play on both gold and uranium so this stock benefited from the rise in gold and also from a news release regarding Aurora Energy Resources Incorporated (AXU) in which it holds a 42.3% interest (read more…)

High River Gold Mines Limited, has just acquired a 100% ownership interest in the Chaya Nickel deposit via an auction conducted on 22nd February, 2008 in Ulan Ude by the Russian Ministry of Natural Resources.

The cost to acquire this mining license was US $10.6 million. The company said that (read more…)

Gold has just opened in Asia and is trading at $947/oz, up $2.40/oz as we prepare this update, which should put a smile on the face of all gold bugs.
We have recently expressed our concerns about a pull back in the precious metals markets as it has been quit a run up and a breather maybe be due before resuming the march onwards and upwards (read more…)

So here we are two months into 2008 and gold has romped from $860/oz to $947.89/oz, for a gain of 10.21%, a fabulous start to year. The Gold Bugs Index, the HUI, however has gained 6.81% in the same period of time, so where is the leverage (read more…)

Staccato Gold Resources Limited gains 31.25% in a single day, having burst to life on the back of a gold price that gained $21.82 to close at $927.92/oz.

This is a speculative buy in our portfolio as this is a small company with a market capitalisation of $15.96 million (read more…)

Superb results were issued this week by one of our favourite gold stocks; Agnico-Eagle Mines Limited. The statement went on to say:

“At December 31, 2007 Agnico-Eagle’s proven and probable gold reserves hit a record of 16.7 million ounces, an increase of 33% over the year end 2006 level. The growth in gold reserves of 4.5 million ounces (prior to considering 2007 gold production) was a result of successful definition drilling at our development projects, which converted 1.6 million ounces to reserves, and the acquisition of the Meadowbank project.”

When gold decides to make its play for the magical $1000/oz level this stock will be one of the biggest beneficiaries (read more…)

Aside from our main investments in gold, silver and uranium, we have take a speculative position on the US financial sector.

The problems of the financial sector begun with the sub-prime crisis but we believe it will spread to all areas of real estate and this will have a massive impact on a myriad of financial sectors, such as bond insurance companies, all across the world.

It is clear to us that this Bernanke led Fed committee is nothing but a one trick pony when it comes to solving economic turmoil (read more…)

Gold has been holding up really well of late despite the myriad on incalculable variables that surround it. However the stocks appear to be sending us a slightly different message.

Take a quick look at the chart for gold and you can that the technical indicators are heading south although thus far gold is showing considerable strength.

Now look at the chart below for the HUI and we can see that the HUI has (read more…)