We have had a few requests regarding options trading so we have put together a few notes on the subject with a few links to web sites that explain options in a lot more detail.

As we see them, an options contract is a bet that the underlying commodity or stock will go either up or down (read more…)

Our Call options on Kinross Gold Corporation gained over 100% in price and triggered our sell order as the stock of the Kinross Gold Corporation rose 4.39% to close at $23.23.

In just fifteen days this trade has been very kind to us, as we have achieved our objective by doubling our stake.(read more……)

As you are aware our strategy on the way up was to take some profits off the table as various precious metals stocks became overbought. By adopting this strategy we have managed to lock in some profits and also to generate some ‘opportunity cash’, which we can now deploy at cheaper entry prices (read more…)

Having missed out recently in our attempt to purchase call options on Kinross Gold Corporation we managed to bag a few today. We bought the JAN09 series at a strike price of $20.00 for an average of $2.68.

This trade will be funded from the ‘opportunity cash’ that forms part of our trading account. Kinross we believe is undervalued at the moment and as we can see from the chart the stock price is now below the 200dma and the technical indicators suggest that this stock is now oversold.(Read more)

We normally deal with the buying and selling of gold and silver mining producers, as that’s where we have placed the lion’s share of our funds. However we do receive requests about what we own in terms of the physical bullion and where we store it (read more…)

In an attempt to add balance to the debate surrounding silver we are posting this article for your perusal and consideration. We are not saying that we agree with it entirely however it is thought provoking and raises some interesting questions.

The article is entitled ‘Silver Price Manipulation’ and was sent to us this morning by the author and well known silver guru David Morgan.

Silver Price Manipulation (read more…)

We have recently noticed how the actions of top executives at some of the largest financial institutions are not too different from those of The Sopranos. (read more)

To bring you a different viewpoint we are posting this article by David Galland, the Managing Director of Casey Research with the intent of adding some balance to the debate.(read more)

As we are now of the opinion that the US dollar may spend some time going sideways, or perhaps even making some gains, we also now think that precious metals are going to take a significant drop.

We know we may sound a bit like a broken record, but gold is still too far above its 200 day moving average! This gap must be closed, and we think that closure will happen within the next couple of months. That means a $100 haircut for gold, which will hit gold stocks hard and also drag the silver price south (read more…)

Endeavour Silver Corporation operating results for 2007 show that Revenues were Up 106%, Production Up 58%, Reserves Up 50%. The highlights are as follows (read more…)