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Monday
Oct232006

USD: A managed downward trend?

dollar2

No-one likes ripples at election time so don’t expect the mighty dollar to fall any time soon.

usdollar3

However once these elections are behind us the Feds will have other worries to struggle with.

The green back will still be managed down in an orderly fashion so don’t go shorting it like there is no tomorrow. But drop it will, as there is no other way to dilute the value of the dollar wealth held in foreign lands.

Get into position with your own precious metal investments and sit tight.

The year-end is going to be colourful for gold stocks in our humble opinion.

23 October 2006
Monday
Oct232006

GOLD: Sideways until the elections are over?

Gold prices keep putting in a series of small rallies only to back right off the $600 per ounce barrier.

gld23oct06

The chart indicates that we are at a bewitching hour when the 50 DMA is about to cross the 200 DMA in a downward direction. Not a great sign from a chartist standpoint.

The bears will love it and the DOW stock holders will be ordering Champaign and congratulating themselves in the belief that their wisdom knows no boundaries!

Meanwhile back here at gold-prices we think that gold will struggle on and slowly push through the $600 level and push on towards the $700 level just as it did when facing $400 and $500.

Once the elections are over and a few decent results come through from the gold mining sector things will start to brighten up a little just you watch.

Our strategy is stay with it and not sell a single share. Patience will be rewarded.

23 October 2006
Thursday
Oct192006

GOLD: News Flash

Gold has come out of the traps flying and just hit $600.00 per ounce. What a terrific start to the day. Silver is also rocketing up the charts, well done to both of you.

I wonder if we will see any dumping later on?

19 October 2006
Thursday
Oct192006

BUY GOLD JEWELRY: And avoid the dog box!

dogbox1

Avoid the dog box and buy your nearest and dearest a really nice piece of gold jewelry. So its not an EFT or a share certificate or a tiny fraction of a huge managed fund – so what?

jewelry1


What you do have is a piece of art that can be worn and enjoyed by your partner and admired by their friends. Whenever it is comes out of its place of safekeeping the fact that you were late will dissipate and life will run smoothly again.

Be warned though, you must go for quality and not just buy it for its weight, stop thinking like an investor for a moment and look for craftsmanship. Also have the piece valued by a respected professional and insured accordingly, be covered for the moment you realize that the organic champagne took a grip and your investment, Oops, sorry present has been left behind in the wash room of that expensive restaurant!

When shopping we tend to buy what we like to look at, like decorating the house, I would like to see my teams colours everywhere! But, somehow that doesn’t appeal to my better half. It’s the same with jewelry, get the shop owner to talk to you about what you are trying to achieve and try to incorporate their views before splashing out.

Finally, and this is very important: you need an exit strategy. I know I just said that this is not an investment but…..

Back when gold hit the $800.0 level I was working in The Netherlands and the TV regularly reported people who were rushing in to the jewellers and selling a family heirloom for its value in gold. The jewellers for 5 times the price then sold these pieces. Your exit strategy needs to bear this in mind. Like shares do not be panicked into selling with the herd.

However, the chances are that you will never get the opportunity to sell them anyway, so enjoy them while you have them and you can always cut and run with them should our respective governments continue to print dollars as though it is an Olympic event.

Go mad on this one!

19 October 2006
Tuesday
Oct172006

GLASS EARTH: Update

Just a quick note regarding this stocks activity in terms of volume. Since publishing our research on Glass Earth we can now see that the volume on 13 October 2006 was 982,500 which took the stock price to C$0.18.

The following day the volume dropped to 22,500 and the stock price closed at C$0.165.

So we will continue to wait and watch until a suitable entry level, a bargain no less, appears.

17 October 2007
Tuesday
Oct172006

GOLD: About to sparkle!

Gold prices are nervously coiled ready to spark on stock exchanges throughout the world.

The physical price of gold is heading up to the 200 DMA and we believe that it will go straight through it. In turn the 200 DMA will go straight through the 50 DMA and both these averages will follow the gold price upwards.

There, now our necks are really on the line.

It is said that if you can get the direction of an asset class right and have the nerve to position yourself accordingly then you should do very well indeed. We think that we have done this. However today we are going a step further with our predictive analysis to add some definition to the current picture. Always a dangerous thing to do as the possibility of getting it wrong is very high. Nevertheless, a faint heart never won a fair lady. We are 90% invested at this stage so we are in position.

Now lets turn to the chart and try to ascertain what it is telling us. Our interpretation of this chart is that we are on a collision course that will result in sparks with gold coming out on the upside. We will go even further and say the gold’s upward move will take it to the $650 level before February 2007.

gold17oct06

If you have allocated a portion of your funds to gold shares then now is the time to invest, in our humble opinion. If you are already in, then hang on and enjoy the ride.

Always consult your registered financial advisor before putting your hard earned cash at risk, because at risk it most certainly is.

17 October 2007
Sunday
Oct152006

Gold rush ahead of Diwali

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The daily trading of gold hits 1000kg according to the Hindu news update service, up from 300kg to 400kg.

Follow the link to the Hindu news to read about the increase in the demand for gold ahead of the Diwali and the wedding season.

The Hindu News


15 October 2006
Sunday
Oct152006

GLASS EARTH LIMITED: Kiwi Gold?

glass1


GLASS EARTH LIMITED is a gold exploration company in New Zealand. It trades on the New Zealand stock exchange as NZAX and on the TSX as GEL.

This gold mining company was established in September 2002 for the discovery and development of precious metal and geothermal opportunities in New Zealand. Geothermal you say? Yes, New Zealand gets its power from hydropower and endless supplies of hot water from underground springs. I spent about six years living down-under and I have seen first hand people stick a pipe into the ground and instantly access a supply of hot water. In fact the best massage that I have ever had was under a constant supply of mineral water for about one hour. I don’t know what good it did me but I felt like a world champion afterwards.

Back to Glass Earth, the management team consists of a number of well-experienced geologists and technical people capable of doing the job. They have also managed to raise C$2.8 million to fund exploration programmes along with the more recent secondary listing on the New Zealand exchange as NZAX to raise a further NZ$10M in funding. So the picture starts to form, we now have a very capable team and the funds to enable them to execute their exploration programme for the next few years without going back to their investors for more cash, which in our view is a healthy position to be in. They have already stated that they will be using the latest airborne geophysical techniques to ascertain suitable targets along with a drilling programme, which commenced in May. They will be exploring a 20,550 sq km area in Otago, which is located in the South Island.

It is often said that the best place to build a gold mine is next to an existing gold mine, which leads us to looking at this countries history of mining. It can be soon ascertained that New Zealand has a rich history in gold mining with the Martha gold mine on its own has yielding over 7 million ounces of gold and about 50 million ounces of silver since the 1880s. There are still tourist attractions set around the old mine sites with primitive sluicing set-ups demonstrating just how it used to be. Now, with modern techniques being used who knows what they might find?

This is not an ‘Agnico Eagle’ it is purely an exploration play and you could lose everything that you put into it if they don’t discover anything. So, as always don’t go too mad on it but we think that a few bucks put in now could well give us a big surprise.

In the last 52 weeks the stock as seen a low of C$0.12 and a high of C$0.22 and is currently trading at C$0.18. There are 90 million shares and the company is valued at just under C$12.0 million. Apart from a million shares being traded on the 13 October the liquidity is poor with days going by without a share being traded. This means that your investment cash is not readily accessible so you can’t get out in a hurry. However, if you can put some cash in and sit on your hands for sometime then we think that you will be pleasantly surprised.

Now, timing might not be everything but it is very important indeed. We will not be buying just yet. We will wait for the euphoria of a new entrant to subside a little and we will watch the volume and news releases just to see how this stock progresses. But we will make an investment in the near future and report to you when that time appears to be right.

15 October 2006
Friday
Oct132006

GOLD STOCKS: Are you enjoying today?

Gold prices continue on their road to recovery with some of our gold miners gaining as much as 6%.

Hope that you have managed to sit through the carnage and took the knocks on the chin because things would appear to be stirring in the precious metals swamp of supply, demand and manipulation. The case for gold becomes stronger by the day despite the ‘dumpers’ who are trying to stop the tide from coming in.

As we write US Gold is up 6.10%, Kinross is up 6.08%, Agnico Eagle up 3.76% even TGB, our copper stock has put on 6.42% and AUY lags with a mere 2.74%.

We are in this business for days like this; if you can hold your nerve and battle through the obstacles then the rewards will be terrific.

Have a great weekend.


13 October 2006
Friday
Oct132006

GOLD STOCKS: Update as of 13 October 2006

The webs only free portfolio of gold stocks provides a quick update of our investments to date:


AEM $31.10 BUY
AUY $8.75 BUY
BGO $4.48 BUY
CBJ SOLD (For a 36% profit in 12 weeks)
GSS $2.75 BUY

HL $5.36 BUY
KGC $11.51 BUY
SLGLF $0.052 HOLD
TGB $2.18 BUY
USGL $4.10 HOLD

Silverado and US Gold Corporation have disappointed so far but they are the ‘gambling’ element of our portfolio. Maybe there is a lesson to be learned from this.

We regard the other miners as companies of reasonable substance, well-managed, sound operators with a bright future.

We are also entering the results season with announcements coming through on an almost daily basis and we expect these results to be well received. This will add to the validity for making an investment into these producers.

As for gold prices, we see it holding where it is, until the elections are behind us. No government wants to go into an election with the boat rocking around as though it is being managed by a bunch of drunken sailors. We can expect the Plunge Protection Team to hold a steady line until then. At what cost we hate to think.

13 October 2006