This months highlights include taking profits on Yamana Gold Incorporated, purchased shares in Randgold Resources Limited and acquired Call options in Kinross Gold Corporation.

A quick look at gold’s chart shows that gold is continuing its sideways movement just above the $900/oz level. The 200-day moving average, (red line) is steadily rising and should provide support for the metal of kings. Also note that the MACD has turned positive for gold prices with the black line crossing over the red line in an upward movement. This is usually very positive for the underlying commodity as it is sometimes referred to as the golden cross (read more…)

Gold closed at $905.00 last night, little change from our update on the 5th April 2008 when it was $913.70, having paid a visit to the $850 level in the mean time. Gold has experienced a fall of around $150/oz followed by a bounce of $50/oz or about a third of the fall. Despite the euphoria surrounding gold we still see some consolidation and sideways movement over the summer months. Gold is still $80 or so above its 200 day moving average so take care this current rally could be short lived. However, there will be some precious metals stocks that land up in the oversold zone giving us the chance to employ our ‘opportunity cash’ as we did last summer (read more…)

This is a question that we have wrestled with for some time now and have found it rather difficult to pin down, although we tend to lean towards the inflationary scenario. In our recent get-together in Auckland with Doug Casey we briefly touched on this topic. However, we have now obtained this article from Casey Research, which may be of interest to you.

An interview with Bud Conrad, Casey Research chief economist (read more…)

The current pull back in gold prices has hit some gold mining stocks harder than others and should now be viewed as an entry point for our ‘opportunity cash’. One such stock is High River Gold Mines Limited, so we took the opportunity to acquire more of their shares today at $2.48 and we are signalling an additional BUY on this stock from a short term trading perpective.

Taking a quick look at the chart we can see that this stock has been sold down from a previous high of around $3.45 so today’s price levels offer a considerable discount (read more…)

Gold closed at $913.70 on Friday night and the yellow metal has taken quite a beating since peaking at over $1033 per ounce.

We expressed our concerns about a correction in gold and we took profits on some of our gold stocks that were showing great gains from our multiple BUY signals over the summer (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…)

As the main members of the team have been on the road for the last three months, travelling over the UK, America, and to Fiji before going down under, we have not been able to do our monthly portfolio update since October. Much has changed since then and so we have updated our portfolio to show where we stand on the various gold stocks that we follow (read more…)

Having outperformed most other asset classes over the last few years, gold eyes another hurdle, simmering against a back cloth of illusionary figures.

First up is the once trumpeted housing market, driven by unrealistic expectation and fuelled by lending organisations with less scruples than a river boat card shark (read more…)

Just a quick note that we have bought addtional shares in High River Gold for an average cost of $2.57 in the past few days and we are signalling an additional BUY at these levels (read more…)