Jason Hamlin

Five Reasons Gold Will Move Higher

I agree that we are likely to get a correction in the near term. However, this could also be the start of a vertical move in precious metals where prices continue making new highs for several months. This happened in 1979-80 and will likely happen again during this bull market. Whether or not we are there is up for debate, but the point is that these type of moves are possible and could care less about technical analysis, overbought conditions, catapult formations or ratios. When a significant amount of money moves into a relatively small market, you can toss all of that nonsense out the window. Time will tell.

Current Gold Price Is Not a Bubble

Agree. Gold is heading much higher. $1350, $1,500, $2,400 and beyond.

I also believe CEF is a great buy at the moment, since they just had an offering and their premium came down. It almost always catches back up in the following few weeks.

Sold Gold

I think China will support gold aggressively around the $1,000 mark, so I'm not too concerned about a big correction. Booking profits around these levels is probably wise, but I would never be shorting gold during these times. It could absolutely spike any day if dollar dumping ensues, which is just a matter of time.

Is India Now Irrelevant to the Gold Market?

Thanks for the article. It would be really helpful to quantify the demand sources that you reference. Saying what percentage investment demand or jewelery demand increased or decreased does not give the true picture.

The key question is: Does the number of ounces from increased state and investment demand offset the number of ounces from decreased jewelry demand?

If the answer is yet, the price of gold should continue to rise. If the answer is no, I would expect downward price pressure.

Thoughts?

Will COMEX Default on Gold and Silver?

Central Gold Trust (GTU) and Central Fund of Canada (CEF) hold physical gold and silver in allocated vaults. Unlike GLD and SLV, it is audited and they do not lease it out to be shorted. Furthermore, these funds outperform GLD and SLV, so I don't understand why anyone would hold them (unless they are unaware of GTU/CEF).

What's Gold's Next Move: Correction or $1000?

go to goldstockbull.com and enter your email address to receive en email everytime we publish a new article. thanks for the feedback!

Gold and Silver Bells Are Ringing

yawn. bravely anonymous.

here are the facts:
we have provided free analysis highlighting stocks which have beat the market by over 20 points. over 30 points including NTO. but you keep conveniently ignoring these facts and cherry picking the one time we gave neutral sentiment on a profiled stock. all of our picks are clearly posted on the site to back up our claims.

www.goldstockbull.com/.../

both FRG and NTO were up 143% when we wrote the article. and we did call the bottom of NTO around $3.75 and stated that the technicals had turned bullish. here were our exact words:

..."forming a descending triangle pattern. This pattern often forecasts a breakout and should be seen as bullish with clear support around $3.75. This support line has been tested three times over the past year and has held every time. Although it is still early to confirm, technical indicators are turning North for both the RSI and MACD, confirming the bullish sentiment."

so regardless of whether we took a position at that time, investors who saw the bottom and bullish signal that we pointed out and decided to buy NTO, made out very well. but i suppose we should not take credit for any of that. and NTO aside, every other company we profiled had a clear bullish signal from us and contributed to our success at beating the market by over 20 points. but i suppose we don't get credit for any of those other 15 picks either and readers shouldn't take our analysis seriously. whatever.

now please, walk away from the computer, get some fresh air, spend some time with your kids, make love to your wife and quit nit picking, making false claims and blowing things out of proportion. anon the internet vigilante.

Gold and Silver Bells Are Ringing

Again, our record speaks for itself. Everything is in the open for the readers to decide and we didn't misrepresent anything. We consistently beat the market with our picks so I have nothing to apologize for and I am certainly not apologizing to you. You are the only person that has ever provided negative feedback about our site. Overwhelmingly, we have received "thank yous" and donations for the (free) service that we provide.

You know, for someone who has "better things to do than hunt through all your supposed stock recommendations," you sure have spent a good deal of time in this comments section. Get out and enjoy the weekend whiner.

Gold and Silver Bells Are Ringing

The 20% is excluding NTO, as I mentioned above. Our "claims" are published in the open for anyone to check. We are not selling advice or soliciting orders of any type, so it is of little consequence if people follow up on the information or not. I am simply defending myself and my website, since you made it seem like we only publish the picks that work out in our favor. That is simply untrue. I have listed ALL of the companies we have ever profiled on our site, winners and losers, and how well they have performed. "Dilligent investors" should carefully check any information they come across online or offline before putting their money at risk. We state on our site so that our articles are for informational purposes only and should not be construed as investment advice. Accordingly, we are not recommending that people buy the companies that we profile. We are simply showing that our stock picks have consistently outperformed their peers and the broader market.

Gold and Silver Bells Are Ringing

wow anon, you really have a bone to pick. you chose the one time that we have profiled a stock without giving a clear buy signal and whine that we took credit for calling the bottom. you ignore the fact that we called $3.75 the bottom and clearly stated the signal was bullish and focus only on the fact that our overall view was neutral. fine, we will concede this point and adjust our calculations to exclude NTO.

since starting Gold Stock Bull, we have profiled 12 other gold/silver companies that we thought would outperform their peers and the broader market. we gave clear buy signals on these stocks and guess what? during the same time period in which the HUI and XAU declined 1% and 3%, respectively (july 25 - may 25) , our profiled companies were up an average of 21%. this return is despite the recent selloff and excluding NTO, which is bothering you so much.

i have added a detailed "performance" page to our site so that readers can judge our results for themselves. you can access the page here: www.goldstockbull.com/.../

even excluding NTO, we are beating the gold miners indices by more than 20 percentage points. yes, we are "well and truly exposed" and quite happy to be "accountable for our publications." so, we will keep providing valuable investment information free of charge and beating the markets by considerable margins and you can keep slinging anonymous mud.

Gold and Silver Bells Are Ringing

I am the editor of Gold Stock Bull and write the majority of the articles. This latest article was submitted to me by Peter Degraaf and I thought he provided sound fundamental and technical research in his article. Seeking Alpha originally listed my name as the author, but this has since been corrected.

Perhaps Anon woke up on the wrong side of the bed this morning. The point of the article is crystal clear - Peter is pointing out that gold and gold stocks are touching and/or have bounced off their 200-day moving average, the bottom of a trend channel or advancing right triangle pattern. Similarly, he sees the dollar as overbought, as it is touching on the top line of the channel, which has proved a tough ceiling in the past.

He summarized that: "After a month in down-trend, the first few bells are ringing, and more bells can be expected to ring as these markets turn up." The gold markets turned down today and might need further correction before the bells are actually rung. But still, how did you miss his point Anon?

Lastly, I only profile companies that I believe to have significant upside potential. While our previous NTO article was not a screaming buy signal and we did state neutral sentiment, we also communicated the following:

"This pattern often forecasts a breakout and should be seen as bullish with clear support around $3.75. This support line has been tested three times over the past year and has held every time. Although it is still early to confirm, technical indicators are turning North for both the RSI and MACD, confirming the bullish sentiment."

$3.75 did prove to be the bottom, so we called it right and took credit, even though we didn't take a position. Gold Stock Bull consistently profiles companies that significantly outperform their peers and the broader gold market. I am proud of our track record and many of our readers have enjoyed the fruits of our labor and have written in to say thank you. And although we don't charge for access or a newsletter, many users have donated to show their appreciation. So yes, I am having my cake and eating it too. Feels good.

In response to David Li, feel free to contact the writer at [e-mail] if you want to question his sources. I agree that the comment is irrelevant in the context of the article. On the other hand, that one line really doesn't diminish the value of the article from an investment standpoint.

In terms of disclosure, I typically state if I have position when writing about a particular stock. Where I have neglected to do so, if was honest oversight and I am happy to provide my positions on any stocks that have been covered on Gold Stock Bull. I don't see reason for Peter to disclose his positions since he wrote about the overall gold market and talked about indices and not individual stocks.

Cake anyone?