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Saturday
Sep022006

GOLD: A tidal wave of Media Coverage

gold02sep06

One of the aspects that influence the gold price movement is the media coverage that gold receives. We are now entering a media blitz on gold, which will generate attention like never seen before.


We have had a fairly quiet summer with not a lot to talk about, thin trade, and vacations, et al. But, just take a look at what is coming up in terms of events on the financial calendar:

Hard Asset Investment Conference - Las Vegas, Nevada -Sep.6, 7

This conference will kick off the season and really set the tone for the coming “fall” activity. Why? Well just take a look at the line up; it’s the who’s who of the precious metals industry. With names like:
James Dines, a legend in the precious metals market. Peter Grandich, James Turk and Lawrence Roulston, all on the same bill. These people have incredible influence and can sway the market with just a few words. I wonder who will be the most outrageous (or courageous) in terms of their forecasts? Will any of them say:

Gold $1000 per ounce by mid January 2007
Silver $20 per ounce by mid January 2007
Uranium $70 per once by mid January 2007.

Because that’s what we think here at gold-prices.biz!


The Silver Summit - Coeur d'Alene, Idaho - Sept. 21,22

Some of the speakers here will include representatives from Hecla Mining and Pan-American Silver. Analysts, including David Morgan, Jason Hommel, Patricia M. Mohr, John Embry, and Bernard von NotHaus will be adding their weight to the conference.

Other conferences follow which add to the impact already made, continuing to build the momentum. These include but are not limited to:

Global Chinese Financial Forum - Toronto, Ontario - Sept. 23

The 2006 Toronto Resource Investment Conference - Toronto, Ontario - Sept. 24, 25


There are also Conferences in South Africa, London, Newfoundland, Beijing, China, Sydney, Australia and so on.

This news media blitz will get the precious metals story onto everyone’s lips. By January 2007 we will be looking at a very different picture indeed.

Follow your favourite analysts and invest in their recommendations or follow us the only free investment portfolio on the web that we are aware of.

Good luck.

02 September 2006
Friday
Sep012006

MSN READERSHIP NO 1: Thanks for your support

MSN READERSHIP NO 1: Thanks for your support

Gold-Prices.biz is currently ranked No1 out of 24,046,575 when searching for “gold prices” on MSN.

Due to your support Gold-Prices.biz has managed to rank above such illustrious websites as Kitco, The Bullion Desk and The World Gold Council.

Please accept our biggest thanks for your support and our very best wishes for the raging bull market in gold that has just begun.


01 September 2006
Sunday
Aug272006

KINROSS GOLD CORP (KGC: NYSE): Up 35% in 2 months

KINROSS GOLD CORP (KGC: NYSE): Up 35% in 2 months

KinrossLogo2


We bought Kinross Gold on 23 June for $10.08 it is now $13.61 a fantastic run to gain 35.02% in just 2 months. The question is what to do now?

Decisions, decisions, but what a smashing position to be in. Do we stick or do we turn? Lets have a look:

From the chart below we can see the that the stock price has bounced off the 200 day moving average and put in a terrific run to present us with a handsome profit. There is now clear blue sky between the stock price and the 200-day moving average, a rise that we have enjoyed enormously. However, at this point, with such a good gain, we could cash in and take some money off the table. Who could blame us for taking such an action to lock in our profit?

After all the RSI is close to 70 and the MACD is up there too. The stockastics are also in the Sell zone.

Kinross27Aug06



On the other hand when we were researching this gold mining stock we came to the conclusion that as an investment Kinross Gold Corporation is capable of doubling its stock price from the $10.0 level to $20.0 or thereabouts and that is why we made this investment. Should gold move higher as we are predicting, then this gold miner will be a sort after stock.

So the choice is yours, take a quick profit and move on to the sidelines. Another entry level may well present itself to you enabling you to reinvest at cheaper gold prices.

We have discussed it, argued, roll played it, analysed it, etc, and decided to stay with it. This may mean enduring a short-term pull back and a fair amount of turbulence, but that is the nature of the beast.

Good luck if you decide to sell now; it’s your money after all.


27 August 2006
Saturday
Aug262006

GOLD: Can you feel the pulse?

Gold prices are now at the starting line waiting for the signal to sprint the next $100 to $725 before we can say Jolly Hockey sticks.

Thin trade as the holiday period draws to a close. The Indian harvest season is all but done and the weddings are ready to roll. High rollers turn their minds to where the next million is coming from as they prepare to return to their desks. The dollar hangs on the ropes hoping for breather.

The stage is set.

Is your hard earned cash invested in the most precious of all precious metals? Are you waiting for the next dip? Are you waiting for a higher price before dumping those donkey stocks that were yesterdays story?

Don’t wait any longer savvy investors have been using this calm period to invest in good gold mining companies.

Our own portfolio is still 8% up despite a few of our cavalier selections dragging their pick axes through the sand. Kinross for instance is up 35% since we bought it. Come December and January 2007, which is not far away, we will be wishing we had the balls of steel required to hit it harder than we have.

Even so, we don’t go along with 5% to 10% of an investment should be in gold. All of our investments are in mining stocks, either gold or silver or Uranium. Our silver website is www.silver-prices.net and our uranium website is www.uranium-stocks.net so we have a little diversity but we do believe that this upcoming bull run is a once in a lifetime opportunity.

Don’t miss it. Buy your favourite precious metals mining stocks now.

This chart is a bit of tease but then again what do you expect from a mistress of quality?





In our opinion gold is steadying itself before making a break for higher ground, the next few weeks will be fascinating.


26 August 2006
Saturday
Aug192006

TASEKO MINES LTD (TGB) UP 10% in 1 DAY

Buy this dip we said on 12 August 2006 and TGB is now up 12.7% in 5 days. The chart below shows our Buy and Sell actions.

TGBChart19Aug06

As you well know we are fans and holders of this stock for a long-term gain. However, in this holiday period we spotted a great opportunity for a short-term gain and made a small investment on Monday morning as we said we would in last Fridays article entitled TASEKO MINES LTD (TGB): Buy this Dip.

This move was a bit of a gamble in terms of investment and is not our usual investment style. Anyway we caught the bounce that we had predicted as TGB started to recover from its sell off.

As a bet it has worked out well and we have closed our position and taken a 12.5% win in 5 days. Why? Because that was the plan and we are sticking to it. Our major holding remains in position for the longer term and these “winnings” will remain on hand to be used when the next opportunity presents itself.

For those of you who are still in there, you now have a choice: cash up and go or hold on for a bigger pay day, only you can make that decision based on your particular outlook and circumstances. Good luck if you are intent on letting it run we think that you will do well but as we said our aim was to make a short term gain. Objective achieved.

Returning from our little deviation we will just refresh ourselves regarding Taseko.
This copper miner has a Market Capitalisation of $257 million and a P/E ration of 8.3. There are many miners out there trading at massive P/E ratios so this investment opportunity still looks good to us and we will continue to acquire as and when our cash situation permits.

For progress reporting purposes we will continue to report against our original recommendation, as we believe that this is the correct and fair thing to do.


19 August 2006
Thursday
Aug172006

Useful websites.

Useful websites.

We have listed some of the websites that we find very informative and strongly recommend that you visit them as part of your due diligence before investing your hard earned cash into the precious metals market.

This directory lists the websites covering:

1. Stock exchanges where gold and gold mining shares are traded.

2. Gold mining companies that interest us and may be of interest to you.

3. Useful reference points

4. Miscellaneous websites that we often visit.


Stock Exchanges:

The Toronto Stock Exchange WEB: www.tsx.com/
This exchange probably has the largest number of gold mining companies of any exchange.

The New York Stock Exchange WEB: www.nyse.com/
Commonly known as the big board, an exchange for the larger more established miners.

The NASDAQ WEB: www.nasdaq.com/
A number of mid stocks and smaller companies can be found here.

The American Stock Exchange WEB: www.amex.com/
A number of mid stocks and smaller companies can be found here.

The London Stock Exchange WEB: www.londonstockexchange.com/
Probably the biggest exchange for the trading of physical gold in the world.

The Aim Stock Exchange WEB www.londonstockexchange.com/en-gb/products/companyservices/ourmarkets/aim/
A London exchange used as an entry platform for new ventures similar to the Venture exchange in Toronto.

New York Mercantile Exchange Comex Division WEB: http://www.nymex.com
This is the world's largest physical commodity futures exchange and trading forum for energy and precious metals.

Shanghai Gold Exchange WEB: www.sge.sh/redirect.asp?locale=1033
A very busy Chinese exchange that is destined to grow.

Tokyo Commodity Exchange WEB: http://www.tocom.or.jp
The Tokyo Commodity Exchange for gold, options and derivatives.


Mining companies that have interesting websites:
We may or may not hold these stocks at any given time.


www.agnico-eagle.com/
This is one of our favourites and a permanent fixture in our portfolio.

www.cambior.com/
This is a smaller gold miner with a promising future.

www.kinross.com/
This is a well-managed gold mining company with a great future.

www.bema.com/
Bema Corporation has recently listed on the NYSE.

www.hecla-mining.com/
This company is in the main a silver producer with the added kicker of some gold production.

www.silverado.com/
This company is mining gold in Alaska and also has an interesting green fuel play.

www.usgold.com/
This is a relatively new mining company in which the legendary Rob McEwen has a major stake.

www.tasekomines.com/
This is not a gold play but a Copper play that we think is worth some consideration.

www.newmont.com/
This one is a real heavy weight if you like that sort of investment.

www.barrick.com/
This company has hedged a lot of its production so at the moment it does not fit into our investment criteria.

The Hunter Dickinson group WEB: www.hdgold.com/hdi/Home.asp
This group has a small stable of mining companies that usually do very well, worth a look.

Websites that contain useful information.

The World Gold Council WEB: www.gold.org/
A mine of information and one of the world’s authorities on gold.

Australian Gold Council WEB: http://www.australiangold.org.au
The Minerals Council of Australia is now carrying out the functions of the Australian Gold Council.

American Gold WEB: http://www.amergold.com
This organisation specialises in hard assets such as gold coins.

British Jewellers' Association WEB: http://www.bja.org.uk/
The British Jewellers’ Association is the national trade association responsible for the promotion and growth of UK jewellery

Chamber of Mines of South Africa WEB: http://www.bullion.org.za
This Association provides news and data for the South African Mining Industry.

e-bullion WEB: http://www.e-bullion.com
This organisation provides an electronic bullion service.


The Gold Anti Trust Action Group WEB: www.gata.org/
The Gold Anti-Trust Action Committee was formed to advocate and undertake litigation against illegal collusion to control the price and supply of gold

Gold Fields Mineral Services Ltd. WEB: http://www.gfms.co.uk
This is a precious metals research consultancy.

Gold-Eagle WEB: http://www.gold-eagle.com
Contains information and a forum.

Kitco Inc: WEB: http://www.kitco.com
This is probably the most visited precious metals website that there is. It also provides a platform for some of the industries most respected commentators.

The Privateer WEB: http://www.the-privateer.com/gold.html
The Privateer contains gold quotes, data and historical articles.

N M Rothschild & Sons WEB: http://www2.nmrothschild.com/home/
Rothschild provides advice and global client services

Royal Canadian Mint WEB: http://www.rcmint.ca
A place to go shopping when you can’t think of anything else to do.

TheBullionDesk.com WEB: http://www.thebulliondesk.com
Provides prices, charts and articles.

Tokyo Commodity Exchange WEB: http://www.tocom.or.jp
You can trade most commodities, futures and options here.

Utilise gold WEB: http://www.utilisegold.com
Not so much an investment website but useful to industrial engineers, designers, researchers and scientists who are interested in the technical properties of gold and its uses.

Miscellaneous Websites:

Etrade WEB: www.etrade.com/
This is an online banking and share-trading platform, useful for those who want to do their own thing.

Report on Business WEB: www.ROBtv.com/
This is one of the best business programmes on television. If you don’t live in Canada and can’t see it live then you can view all of their shows on the web in your own time. They do manage to interview the shakers and movers involved with the precious market.

Stanley Hunt TV interviews WEB: www.smartstox.com/
Stanley Hunt also provides televised interviews with the top executives in the mining industry. The show also features some of the newer exploration and development stocks that have a story to tell.

Silver portfolio WEB: www.silver-prices.net/
This is our sister website, it provides free research and publishes its own portfolio. They do have a newsletter, which is also free so why not sign up if silver is the metal of your choice.

Uranium Portfolio WEB: www.uranium-stocks.net/
This is another of our sister websites (we only have three) again it deals with uranium stocks and is free.


TV and radio WEB: www.bloomberg.com/
A popular website of constant rolling news items.


No doubt will update this list from time to time but we hope that you find it of interest in the meantime.


17 August 2006
Tuesday
Aug152006

Bema Gold Corp. (BGO)

Bema Gold Corp. (BGO)

This gold mining company, one of our favourite stocks is up 14.69% since we recommended it and has just reported that Revenue increased to $50.8 million from $22.4 million.

The improvement is broadly attributed as follows:

1. The restart of commercial production at the Refugio Mine.

2. Higher gold sales at the Julietta Mine.

3. A $188-an-ounce increase in the average realized gold price to $606.

A pleasing set of figures from one of our portfolio with much more expected to come over the next twelve months or so.

15 August 2006
Tuesday
Aug152006

Taseko Mines Ltd. (TGB): News Flash

This is great news; Taseko Mines Ltd. (TGB) has announced that its subsidiary Gibraltar Mines Ltd. has won a binding-arbitration dispute worth about $8.5 million.

The funds that had been withheld will now be paid plus interest and booked in the quarter that it is received.

The interesting point here is that as the funds were a subject of a dispute, the management took a very conservative approach and booked it as an expense. In our humble opinion this demonstrates just what good managers they are. A more unscrupulous company might have been tempted to count the chickens before they had hatched.

Effectively this means that the last set of figures, which showed a profit of around $4 million should have been around £12 million. If that had been the case then we doubt that the share price would have dropped as it did.

Never mind this presents us with a good buying opportunity. Take it.

As we write TGB is up 2.74% at $2.25.


Well-done Taseko.

15 August 2006
Saturday
Aug122006

Silverado Gold Mines Ltd: 12 August 2006

If you can afford to spend at the moment then invest more of your cash in Silverado Gold Mines Ltd.



During in this lull before the fall rally, it is a good time to be investing in your favourite mining stock. At a little over 6 cents this represents great value in our humble opinion.

From the chart we can see that a base has been formed and the longer this consolidation goes on, the better the breakout when it comes. All it needs now is an item of good news, a slight increase in volume and we will see this mining stock move too much higher ground.

SilveradoChart12Aug06

Have patients and don’t go too mad with it, but a year from now it will look like an absolute bargain.

You can find it on the NASDAQ OTC BB

12 August 2006
Saturday
Aug122006

Taseko Mines Limited (TGB): Buy This DIP

TGB1

Taseko Mines Limited (TGB) 3rd-quarter earnings fall, the faint hearted sell, presenting us with a great buying opportunity.


Vancouver based mining company Taseko Mines Limited (part of the Hunter Dickinson family) reported earnings of C$4.1 million or 3 Canadian cents a share for the 3rd quarter, down from C$11.6 million for the same period a year earlier.
However, operating profits were up to C$18.3 million from C$12.2 million. Revenue was up to C$59.9 million almost double the pervious figures.

We can understand investors sitting on large profits pulling the pin as these figures are not as good as some of the numbers that we have reported for other companies on this website. However, this does appear to us to be really overdone. Did they all miss the fact that the Gibraltar mine will increase annual production capacity to 100 million pounds of copper by 2008, an increase of almost 50%!

Lets take a look at the chart; we can see the sell off and also the beginnings of a bounce the very next day. Are the same people who sold buying back in or is it the cute investor who has patiently waited for this chance to get into this mining stock at a very reasonable entry price. We don’t know, neither do we care, but for us it is a wonderful opportunity to invest our hard earned cash into this stock.
We had previously recommended Taseko at $2.78 and on Friday it closed at $2.26.

TGBChart2


Our course of action will be to buy again on Monday.

For the purposes of our progress report we will use the original purchase price, as we believe it is only fair to do so.

This next purchase will be regarded as a nice bonus.

(TSX: TKO, AMEX: TGB)

12 August 2006