Gold Prices

A 20-Year Bear Market?

Gold Prices — Thu, 09 Jul 2009 21:33:37 +0000

In this mornings post bag we received this article by David Galland, of Casey Research which we think is an interesting read and have printed the article in full for your information and enjoyment.

In November of 1997, my partner and co-editor of The Casey Report, Doug Casey, wrote an article titled “Foundations of Crisis,” which leaned heavily on the research of Neil Howe and the late William Strauss (more…)

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Stocks: How Many Should You Own

Gold Prices — Wed, 08 Jul 2009 23:46:38 +0000

A friend of ours who is also an investor called us up to tell us that he had just purchased another dozen or so gold stocks and then proceeded to pepper us with questions about each one. Well we knew a little about some of them but what became apparent was that our friend also knew very little about his purchases which caused us some concern (more…)

Randgold Resources Limited Options Trade Up 60.87%

Gold Prices — Mon, 06 Jul 2009 23:12:30 +0000

Chart courtesy of Stockcharts

Our Randgold Resources Limited (GOLD) Options Trade is Up 60.87% since our purchase on the 11th June 2009 when we purchased the September $65.00 PUT contracts in Randgold Resources Limited in anticipation of a pullback for $5.00 per contract. Yesterday these contracts closed at $8.10 (more…)

Canadian Mint Lost C$15 Million in Gold

Gold Prices — Wed, 01 Jul 2009 22:57:01 +0000

This story of the Canadian Mint actually losing Gold is distressing in itself however it also has deeper ramifications for those of us who want to own gold. This incident raises the question, that if the mint can lose gold so can others such as banks and gold funds.

Please read this excerpt from an article on Bloomberg (more…)

A “New GM”?

Gold Prices — Wed, 01 Jul 2009 21:39:43 +0000

By Olivier Garret, CEO, Casey Research

A friend of mine mentioned to me that he was surprised that “bankrupt GM” was spending some serious advertising dollars to try to lure customers to its website.

My comment to him: It makes sense, if it is done properly!

Yes, it is often necessary for a distressed company to communicate with its customers (advertise) and assure them that the future is brighter. That said, GM appears to have it all wrong once again (more…)

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Eye Catching Gold

Gold Prices — Wed, 01 Jul 2009 03:11:45 +0000

Has anyone noticed the number of shops that have opened for the purpose of buying and selling gold?

A friend of the site has told us that there is now a trader in The Glades shopping center in Bromley, Kent, UK who has set up a stall and is offering to buy anything golden, broken jewelry, scrap gold etc (more…)

Should Bernanke be reappointed as Fed Chairman?

Gold Prices — Tue, 30 Jun 2009 20:23:02 +0000

As well as dealing with near 10% unemployment, an economy in recession and severe inflationary pressures looming right around the corner, Ben Bernanke must also work to assure his reappointment, with his term ending this January.

In addition to this, Bernanke is attempting to convince Congress that the Federal Reserve should have a more leading and powerful role in a new restructured financial system.

Do you think Bernanke should be reappointed for another four years as head of the Federal Reserve?

We (more…)

Gold-Prices.biz Portfolio Update 30 June 2009

Gold Prices — Mon, 29 Jun 2009 21:53:22 +0000

Chart courtesy of Stockcharts

At the time of our last update on the 26th May 2009 we said that the dollar now looked oversold and a short term bounce could be on the cards thus capping the progress in gold prices. We also said that Gold was technically close to the top of its range so it too could experience some short term consolidation or a slight pull back. Gold has moved down since then from $957.90/oz to $935/oz as we write however the dollars rally appears to have stalled as it is still hovering around the ‘80′ level.

For short term traders we suggested taking some profits on both Randgold and Yamana, we decided to sell all of our holdings in Randgold Resources and we then took an aggressive stance and bought PUTS on Randgold as we perceived that it was more overbought than similar stocks in the pack. We do however remain tight hold of our core position as gold could take off in an explosive manner catching many by surprise. We hope to close our down bet on Randgold shortly and re-position ourselves for the coming rally in gold prices (more…)

Beware of Zombies Wearing Lipstick

Gold Prices — Thu, 25 Jun 2009 21:20:16 +0000

The chart above depicts the price of spot gold when compared to gold resources and was sent to us by Louis James, Senior Editor, International Speculator accompanied by the following article:

Before last fall’s crash, our economic views here at Casey Research were regarded by many in the mainstream as being extreme and alarmist. Unfortunately, they were also another thing: correct.

Predictably, having been proven right hasn’t changed anything; Wall Street still pooh-poohs us as being part of the lunatic fringe. But that’s okay; while the Suits are wondering if they can back-date their stock options far enough if the economy doesn’t recover, we are poised to profit whether it does or doesn’t (more…)

Kinross Gold: John Paulson has 4.5% stake

Gold Prices — Thu, 25 Jun 2009 00:26:40 +0000

Chart courtesy of Stockcharts

The de-leveraging that occurred last fall was largely attributed to the hedge funds running for cover however, not all the hedge funds have disappeared as John Paulson demonstrated by taking a 4.5% stake in Kinross Gold Corporation (KGC) (more…)

When is the Best Time to Buy Gold?

Gold Prices — Tue, 23 Jun 2009 21:59:34 +0000

This is an interesting analysis of timing your gold purchases sent to us by Jeff Clark, Editor, BIG GOLD

I bet you don’t own enough gold.

Before you tell me I’m wrong, let me ask it this way…

If inflation returns, or even hyperinflation…
If the economic crisis persists and gets worse…
If uncertainty and fear continue, and chaos and rioting begin…
If stock markets languish or suffer another meltdown…
If the recovery spending of the world’s governments proves futile…
If government interference in the economy continues to increase…
If the value of the U.S. dollar takes a major fall…
If world recovery from the current recession/depression takes years…
If you’re still wondering whether you have enough “safe” money…
…would you feel you own enough gold (more…)

Yamana Gold Incorporated A Future Options Play

Gold Prices — Tue, 23 Jun 2009 00:12:51 +0000

Chart courtesy of Stockcharts

As we can see from the above chart Yamana Gold Incorporated (AUY) has been severely sold off recently which could be present us with a future options play as and when gold moves higher. Many of the stocks in this sector have experienced a similar fall and all in a short time too, just shows what a volatile market sector this is (more…)

A Strategy to Protect Your Portfolio

Gold Prices — Fri, 19 Jun 2009 04:22:51 +0000

With the HUI having risen from 280 to the 400 level at the beginning of June 2009 we took the view that it was time to take some action that would protect our portfolio. Gold was at $980/oz and the US Dollar was looking extremely oversold with the possibility of a bounce on the cards (more…)

The Gold Storage Solution: Switzerland

Gold Prices — Thu, 18 Jun 2009 01:00:15 +0000

We have previously stated that we are uncomfortable with business model of investing in a gold fund rightly or wrongly. However the question still remains of just how and where to store your physical gold securely. The following article lays out the case for Switzerland as a safe haven which we received today from Casey Research (more…)

Randgold Resources Limited Options Trade Up 41% in 5 Days

Gold Prices — Tue, 16 Jun 2009 01:50:27 +0000

Chart courtesy of Stockcharts

The September $65.00 PUT contracts in Randgold Resources Limited (GOLD) that we purchased on the 11th June 2009 for $5.00 per contract have continued to improve and closed at $7.20 today up 41% in 5 days.

Randgold fell again $1.62 or 2.39% to close at $66.05 as we can see on the above chart (more…)