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Saturday
Jul202019

Is The Future For Silver Shiny Or Not? (Part Two)

Background

In January 2019 we penned an article entitled: Is The Future For Silver Shiny Or Not? In which we said:

1. Every picture tells a story, so we will take a quick look at the chart of silver's progress, and it is not a pretty sight

2. There have been a number of rallies which have added some cheer for silver bugs to celebrate, but these rallies didn't have the legs to mount a serious challenge to previous all-time highs and in hindsight turned out to be head fakes.

We are now seven months further down the line and the ugly face of silver appears to be undergoing a face lift.

Ten-year silver chart  

  

The last eight years have been dismal for silver miners

Click to read more ...

Tuesday
Jul022019

Gold: Driven By The US Dollar And Hampered By The S&P 500 

Preamble

We recently penned an article entitled: Gold To Obliterate The $1350/Oz Resistance Level and this has certainly happened as gold recently traded as high as $1425/Oz. We also said the following:

This resistance level needs to be obliterated with some gusto and gold needs to find the traction to take out the next resistance level before making new highs. 

A lot depends now on monetary policy easing by the Federal Reserve which would weaken the dollar and due to its inverse relationship with gold, strengthen gold. 

After six years in the doldrums gold has suddenly come to life however the two main influencers are the US dollar and the S&P 500. If both of them

Click to read more ...

Wednesday
Jun262019

Silver Prices rise but not in a convincing fashion

 

 

As the chart above shows silver prices have finally broken their downward trend. Silver had been performing poorly and had formed a number of lower highs which is never a good sign. However,

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Wednesday
May222019

European Politics And Its Indirect Effect On Gold Prices

Preamble

The European elections take place this Thursday in the UK and the polling suggests a win by a large majority by the Brexit Party which was formed just 5 weeks ago. Some bookmakers have the Brexit Party at 1:20 with the second place going to the Labour Party at 20:1, in their eyes the Brexit Party will win the most seats by a large majority. As I have said before the last thing that the EU wants is the return of Nigel Farage as his stance for independence and democracy causes restlessness within other nation states.

If the EU can throw the British PM a bone and she in turn can persuade a few of the opposition MPs to vote for the three times rejected EU treaty, then it might pass. Theresa May intends to ask her cabinet to sign off a package of Brexit concessions this week, as she ramps up for one last bid to win over MPs and salvage her version of Brexit.

If that happens then the UK will be out of the EU in terms of having representation but tied in via the new treaty and as a result that would be unpalatable for many in the UK. The fight for democracy in the UK will not stop regardless of parliamentary decisions so I expect that this issue is not going to be put to bed for some time.

Click to read more ...

Thursday
May162019

Silver Prices Continue To Slide


Todays drop was pretty bad for silver prices. The recent high of $16.25 now looks like a distant memory as the summer doldrums are upon us. There two main reasons for this fall in my humble opinion and they are the US Dollar and the S&P 500.

The US Dollar has managed to retain a position

Click to read more ...

Tuesday
May142019

The Precious Metals Stocks Suppressed Due The Recovery Of The S&P500

Preamble

In today’s modern world of investment opportunities there are a myriad of attractions for an investors hard earned funds. There are pros and cons for each one of them and sooner or later they all have their day in the sun. Investments on offer include but are not limited to; currencies, real estate, land, art, antiques, bonds, stocks, coins, various funds, crypto currencies, etc.

Our particular interest is the precious metals mining sector which unfortunately has been battered over the last five or six years and remains very much in the unwanted category. However, we could argue that "the time to buy is when there's blood in the streets." A saying that is attributed to Baron Rothschild, a member of the Rothschild banking family. He made a fortune by investing in the uncertainty that followed the Battle of Waterloo against France, when his peers where disposing of their holdings. Is the precious metals sector bleeding at the moment? we don’t think so, but this sector is most certainly close to it and worthy of further consideration.

The Gold Bugs Index (HUI) Chart

The chart below shows that there is strong resistance at the 180 level and despite a number of attempts to breakout the precious metals mining stocks have failed to do so. The technical indicators such as the MACD and the STO are in the oversold zone with the RSI sitting just above the 30 level which is regarded by some technicians as a buy signal should the stocks drop below this level.

 

The recent sell-off from 180 to 150 wiped 16% of the value of this index......... READ MORE

 

The sudden drop in the S&P 500 had an immediate impact on gold as it jumped $12.00 or so. The trade war between China and the US has made the markets nervous..

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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Monday
Apr222019

Gold Mining Gold Mining Stocks Still In Weak Hands (Part 4)

Preamble

It is 8 months since we penned part 3 of this post when The Gold Bugs Index (HUI) stood at 135. Since then things have improved for the precious metal sector and the HUI had risen to a peak of 180. Alas since then some of the euphoria has dissipated as profits were too good to resist for some investors and so they so they capitalized on their gains and disposed of their holdings.

The HUI Chart


This chart shows the rally from September 2018 to February 2019 where it peaked at 180, however,

Click to read more ...

Monday
Apr152019

Wheaton Precious Metals Corporation: On The Up

Preamble

In 2010 we became big fans of the ‘streaming model’ and as it was known then Silver Wheaton Corporation (SLW) which has been very kind to us over the years. On the 8th September 2010 we penned a short piece entitled;

Silver Prices: Dare To Dream

A short snippet follows:

Now, remember if you don't have dreams, they can’t come true, so line up a few things that are unique in terms of dreams to you and then prepare the road map of how to achieve them. We won’t bore you with our dreams as they vary from the simplistic to the ridiculous. However, our road map consists of holding a core position in the physical metals along with a small list of mining stocks and some cash for trading purposes. At the moment we utilize the recommendations as stated in our premium options trading service to boost our returns along with the occasional more cavalier trade being posted on our sites.

In this instance our road map involves taking a spread of Call Options on our favourite stock, SLW, with the following purchases.

December 2010 $26.00 Calls @ $1.55

December 2010 $30.00 Calls @ $0.58

December 2010 $35.00 Calls @ $0.18

January 2011 $26.00 Calls @ $2.00

January 2011 $27.00 Calls @ $1.64

This trade was thought by some to be a bit of a stretch, however, if you are in the business of predictive analysis you do need to arrive at an actionable conclusion and put your hard-earned cash on the line. We were very fortunate as all of these trades returned more than a 100% profit.

A Brief update on this stock.

Today Silver Wheaton Corporation has a new name; Wheaton Metals Corporation (WPM) and historically

Click to read more ...

Tuesday
Apr092019

In The Event Of A Fiat Currency Collapse Would Gold Rocket? 

Preamble

One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:

2,000,000 marks, Germany 1923

100,000,000 Pengos, Hungry 1946

5,000,000 Kwanza, Angola 1995

100,000,000,000,000 dollars, Zimbabwe 2008





These bank notes serve as a reminder that currencies can be devalued in dramatic fashion and eventually become worthless. In today's world we are reliant on a number of Fiat currencies of which some could suffer a similar fate

Click to read more ...

Wednesday
Apr032019

Pound Rallies As Commons Pass Bill Requesting Another Brexit Delay By One Vote

Succeeding in their latest attempt to head off a no-deal Brexit, the Commons has passed the Cooper Letwin bill legally requiring Prime Minister Theresa May to request another delay of Article 50 if the UK looks to be on the cusp of leaving the EU without a deal.

Click to read more ...