In early morning trading our target silver company flirted with us by trading at $3.26, so we upped our instruction to buy by 1 cent to $3.26 and in small lots our order was slowly filled. The temptation became too much for us and as we said before we are not very good at being patient so we pounced (read more…)

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We recently bought a position the inverse ETF called Ultra Short Financials ProShares, (AMEX:SKF) in a “Bet Against The Banks”. SKF is designed to rise 20% when the Dow Jones US Financials Index falls 10%.

This is a volatile security and has recently endured a significant pullback and, as we are still bearish on the financial sector, in our opinion this is a great time to buy (read more…)

Casey Research organised a get together at the Barbebra Café in Auckland on Wednesday night for International Speculators. Around thirty people attended and a very good night it was too!

Pictured Above: Bob Kirtley, Doug Casey, Sam Kirtley

The subjects covered were wide ranging as each attendee had their own unique area of interest around which debate was built (read more…)

The recent decision by some prominent investment rating agencies to maintain their top quality AAA ratings for some of America’s most troubled bond insurers has worried us to say the least. Although some agencies such as Fitch Ratings have been sensible enough to downgrade bond insurance companies like Ambac Financial, others are still grading these companies as top quality investments.

We view this as a drastic judgement error on the agencies part (read more…)

We took a speculative short position on the US financial sector a couple of weeks ago, via an inverse ETF called Ultra Short Financials ProShares (AMEX:SKF). As an inverse ETF, this investment will go up when the US Financial sector goes down, with a leverage of 2:1. For more details on how this work, please read our article entitled “A Bet Against The Banks”.

Since we bought SKF at $110.36, the financials have continued to suffer and so our investment has risen to $119.27, a gain of just over 8% in two weeks.

Do we see SKF continuing to make gains? The answer is (read more…)

You may be interested to read this article by Peter Degraff which he has posted on Kitco.com, entitled; Did your Analyst Keep you Invested?

Peter expresses his confidence in this bull market having further to run and goes on to say that (read more…)

As we watch the trading session winding down in New York we can see gold and silver have had a tremendous day, with gold starting out at $935/oz and progressing to touch $950 as we write.

On the positive side for gold we have oil closing at $100.88/barrel and a myriad of billion dollar rescue packages for inept bankers and financial institutions. These actions may well be necessary however they ultimately serve to undermine our confidence in assets of the paper nature (read more…)

There is an interesting article by Barry Sergeant which appears on Mineweb.com whereby the author discusses the success of silver EFTs when compared to the performance of 50 silver shares.

The author points out that silver is at a twenty seven year high, trading at $18/oz and the best performing silver share is iShares Silver at $178.77 a pop, which is effectively a silver ETF (read more…)

Aside from our main investments in gold, silver and uranium, we have take a speculative position on the US financial sector.

The problems of the financial sector begun with the sub-prime crisis but we believe it will spread to all areas of real estate and this will have a massive impact on a myriad of financial sectors, such as bond insurance companies, all across the world.

It is clear to us that this Bernanke led Fed committee is nothing but a one trick pony when it comes to solving economic turmoil (read more…)