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Another week of rumour and denial as investigative reporters dig into the financial health of our well established institutions. Bankers are in the frame, the good, the bad and the ugly.

Put your hand into the hat and pull out a name and there you have it, this weeks target for the media. Ask the target for a comment regarding a rumour about their insolvency and they will deny it. Bank denies insolvency rumour is your headline. Its so reminiscent of a school trip to the pantomime, he’s behind you! Who? The monster? No, the fresh faced reporter with a microphone! (read more…)

Having fallen around $100/oz and scared a few investors along the way, we now see gold resuming its march north with considerable gusto (read more…)

We recently bought a position the inverse ETF called Ultra Short Financials ProShares, (AMEX:SKF) in a “Bet Against The Banks”. SKF is designed to rise 20% when the Dow Jones US Financials Index falls 10%.

This is a volatile security and has recently endured a significant pullback and, as we are still bearish on the financial sector, in our opinion this is a great time to buy (read more…)

Having attracted the attention of the media with its record braking run to top $1000/oz, it will be interesting to see just how many of those watching will view this correction as a buying opportunity (read more…)

Its difficult not to get carried away with the euphoria when the precious metals, gold and silver are at all time highs and the next stop appears to be the moon.

The last couple of days of trading has seen our sector of the market take it on the chin (read more…)

Right on cue the Federal Reserve delivered a rate cut of 75 basis points and the DOW put on a whopping 420 points as if this move was the cure all. The US Dollar gained 0.44%, possibly relieved that the cut wasn’t a whole point and gold which had been trading in the $1020/oz area dropped to below $980/oz, before recovering to trade at $987.40/oz, as we write (read more…)

As we looked around for reasons to explain the rise in the price of gold and silver this morning in Sydney and Hong Kong we were alerted to this piece of news. Bear Stearns, one of the worlds largest banks, which closed on Friday at $30 per share as been purchased by JPMorgan Chase for just $2.00 per share! How the once mighty have fallen, no wonder gold is on a tear.

According to Yahoo Business who reported that (read more…)

Agnico-Eagle Chart:

As a producer and an explorer this old bird is very hard to beat if you are looking for a gold mining company. On 25th June 2006 we wrote this about Agnico (read more…)

Well,well, well, We will say that again because it is so nice to do so, $1000 to buy one once of gold - Yes!

Although it was touch and go gold finally touched this magical number albeit for a short time before backing off to $990/oz to tease us a little more (read more…)