Molycorp (MCP): Q1 non-GAAP EPS of -$0.15 beats by $0.12. Revenue of $146.4M beats by $9M. Shares +5.6% AH. (PR) [View news story]
"The rare earths (REMX) may also see the end of the recent two year downtrend. Rare earths are used not only in wind turbines, smartphones, iPads and guided missiles, but they are increasingly used in automobiles to improve fuel efficiency. Newer more fuel efficient cars use almost double the amount than older gas guzzlers."
The Oracle on Helicopter Ben: Buffett has complete faith in Bernanke's ability to unwind QE but notes that when rates rise "it's likely to be the shot-heard round the world." Both Berkshire and the country as a whole have "benefited significantly from what the Fed has done [but] the unwind [will be] more difficult than [the] buying." In the mean time, Buffett is entertained: "This is like watching a good movie … I don't know how it will end." (NY Times, WSJ) [View news story]
"I don't know how it will end."
Oh come on! You know how this ends!
Those who do not learn from history or condemned to repeat it.
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners [View article]
No I'm looking for value when others are fearful. One may look back at this time like 2008 and 2003 as a great buying opportunity. I think the miners and precious metals will rebound and investors can get in even cheaper than early April.
Cameco (CCJ), one of the world’s largest uranium producers came out with earnings below analysts estimates as the price of uranium continues to base at the $40 mark. Look for a possible bullish reversal despite the negative news. Remember earnings reports are lagging indicators and do not show the potential growth in the uranium sector.
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
The technicals show a potential bottom and that the long term uptrend is intact. None of the fundamentals warranted this recent gap lower except panic and fear instilled by the same players who helped cause this entire financial mess. This widespread negative pessimism may indicate the consolidation and the panic may be coming to a conclusion.
Gold And Silver May Soar On Short Squeeze [View article]
The technicals show a potential bottom and that the long term uptrend is intact. None of the fundamentals warranted this recent gap lower except panic and fear instilled by the same players who helped cause this entire financial mess. This widespread negative pessimism may indicate the consolidation and the panic may be coming to a conclusion.
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
"Gold (GLD) and silver (SLV) are undergoing capitulation and a series of downward gaps. Be careful not to sell into hysteria as this panic cannot continue for much longer"
The worse things were the better they'll get. "When gold and silver breakout, watch the small junior miners priced at Armageddon 2008 prices soar. Some of these discounted junior mining stocks could see exceptional gains from these ridiculous decade low levels."
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
"Fiat currencies are being actively debased by Central Banks who are quietly purchasing gold as the price declines. They may be using this decline to add to their physical positions. Eventually, we could see powerful moves back into the Venture Index and the junior miners as the shorts exit and new buying enters."
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
I have discussed owning physical gold and silver and the junior miners rather than the etf's where I have discussed if they could actually produce the bullion if called upon. I wrote about this at length on my website all the way back in 2011.
"Miners represent assets in the ground whereas etf’s such as GLD and SLV may have a built in weakness in the actual physical gold and silver they are holding. If called upon to produce the actual bullion, they might not be able to do so. This would favor mining stocks which represent actual wealth in the ground."
Molycorp (MCP): Q1 non-GAAP EPS of -$0.15 beats by $0.12. Revenue of $146.4M beats by $9M. Shares +5.6% AH. (PR) [View news story]
GM and Ford are breaking out into new highs.
http://seekingalpha.co...
The Oracle on Helicopter Ben: Buffett has complete faith in Bernanke's ability to unwind QE but notes that when rates rise "it's likely to be the shot-heard round the world." Both Berkshire and the country as a whole have "benefited significantly from what the Fed has done [but] the unwind [will be] more difficult than [the] buying." In the mean time, Buffett is entertained: "This is like watching a good movie … I don't know how it will end." (NY Times, WSJ) [View news story]
Oh come on! You know how this ends!
Those who do not learn from history or condemned to repeat it.
http://seekingalpha.co...
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners [View article]
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners [View article]
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners [View article]
You and the rest of the world...don't follow the majority.
Avoid The U.S. Dollar And Euro, Not Precious Metals And The Miners [View article]
http://bit.ly/15f1A6r
Cameco Management Discusses Q1 2013 Results - Earnings Call Transcript [View article]
http://bit.ly/ZZUOge
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
See this technical video...
http://bit.ly/ZKEe3M
Gold And Silver May Soar On Short Squeeze [View article]
See this technical video...
http://bit.ly/ZKEe3M
The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
http://seekingalpha.co...
Are Gold Stocks Oversold? [View article]
"When gold and silver breakout, watch the small junior miners priced at Armageddon 2008 prices soar. Some of these discounted junior mining stocks could see exceptional gains from these ridiculous decade low levels."
http://seekingalpha.co...
Gold And Silver May Soar On Short Squeeze [View article]
http://bit.ly/17PreKR
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
http://bit.ly/137d62r
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
"Miners represent assets in the ground whereas etf’s such as GLD and SLV may have a built in weakness in the actual physical gold and silver they are holding. If called upon to produce the actual bullion, they might not be able to do so. This would favor mining stocks which represent actual wealth in the ground."
http://bit.ly/ZYmNZf
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
I am a long term investor in metals and energy. I follow the wisdom of Will Rogers and hedge against inflation.