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…)

Silverado Gold Mines Limited were up today following a news release suggesting that they have inferred stibnite resources with a calculated unit worth $41.2 million, on an increased turnover of 9.52 million shares (read more…)

“Given typical market valuation of 10 to 20 times earnings for mining shares”, should Silverado succeed in its gold exploration, and subsequent production (”…which appears to be possible given their current placer operations, exploration work and reserves indicated in the Bundtzen Report…”), then “the shares would have the potential to move to the region of 40 cents to 80 cents ($0.40 - $0.80) - or a multiple of eight to sixteen times the current price (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…)

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…)

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…)

An interesting article popped up this week regarding the outstanding short positions on Silverado’s stock. The article was carried by PRNewswire-FirstCall referring to Buyins.net who said (read more…)

Last month Gold closed at $731 and the HUI hit 400, which made the job of writing an update more of a pleasure. This month we have gold at $763.60 and the HUI at 404. Gold has gained 4.3% and the HUI has gained 1% (read more…)