Marc Courtenay

Gold Pierces Through 'Resistance'

Incidentally, I'm very excited about the new Silver ETF from Europe that trades in the US under the symbol SIVR. Michael Johnston, who is also an S.A. author, has just written some helpful articles about SIVR. Silver will most likely outperform gold over the next year in my humble opinion. Good fortune to us all!


On Aug 05 11:03 AM GMiki1 wrote:

> On the other hand the dollar and gold aren't always in lockstep opposition.
> You may have a chance to buy lower, of course, but in the long run
> it probably won't matter significantly. Unless you're buying enormous
> quantities. And in what form?

Strategy for Volatile Times: Accumulate

Concerning UNG. Based on today's massive volume and 8% upside move, it seems obvious that UNG and Natural Gas wants to breakout to the upside. Perhaps it won't be straight up, but it could be. Hope you all were ready, but frankly I still believe it isn't too late. Be in good health and prosper my friends!!

Time for the 'Commodities Contrarian Contango' with Precious Metals and Energy

Well, at least I made you stop and think, and I'm sincerely appreciative of your comment. It was a spoof, or a paradoxical way of saying that, although I'm not sure if we will see a commodities correction between now and November, I'm sure hoping for one. I also attempted to find a unique way to make the point that we all should be hedged both directions since no one knows for sure. There are plenty of articles on the "fundamentals". I wanted to focus on preparing for the uncertainties. My March 8th article was another of my lame attempts to use humor and irony to point out that we should expect a turnaround in the plunging markets at that time. I sensed it was coming soon (a bear market rally), but it came right away and I lucked out there. That's the "missing link" :)


On May 16 12:18 PM Missing_Link wrote:

> I'm not sure I understand this article; I'm not sure whether you're
> being sarcastic, being sarcastic about being sarcastic, or simply
> telling the truth. The article goes into a lot about how you made
> a call on March 8 that, according to you, actually drove the market
> in the opposite direction, and now you plan to change the market's
> direction again using reverse psychology.
>
> I can't tell if you're trying to be funny or not. In any event,
> it seems like childish nonsense, and I'm disappointed that there's
> no reference to fundamentals here.

Time for the 'Commodities Contrarian Contango' with Precious Metals and Energy

Freya, Silverwood, Rick and Done...Thanks for taking the time to give your comments, thoughts and reactions. How about a little feedback on your specific investment plans. That would be appreciated.

Time for the 'Commodities Contrarian Contango' with Precious Metals and Energy

Thank you Larry, Donald and Henrique for your comments. I'm hoping my "C.C.Contango" helps to make things happen in the right direction and that we all have a good entry point soon.

Apples of Gold, Settings of Silver, and Barrick Gold

You are 100% correct Yellowhoard. I anticipate it breaking through last year's high of $21.50 by the beginning of 2010.


On Mar 21 04:55 PM yellowhoard wrote:

> Silver seems as though it could just explode upward any day now.
> A short squeeze could really propel silver to levels that no one
> could imagine.

Apples of Gold, Settings of Silver, and Barrick Gold

Sorry about that Chris, I thought it was from StockCharts.com. As I mentioned in my email to you that has been corrected, your name has been mentioned and a link to your web site as well. I appreciate your work and would recommend it highly to anyone who is serious about trading gold, silver and energy.


On Mar 22 11:32 AM Chris Vermeulen wrote:

> Marc - I was contacted my some of my newsletter readers that you
> have used my trading chart in this article without any reference
> to me?
>
> I do not have any issues with people sharing my work but my name
> must be referenced. This is where you took my article from: www.thegoldandoilguy.c...

Barrick Gold Nails the Hedge

Every source I've read says that ABX has hedged their gold but has reduced that hedge over the past 4 years. But, if you want to benefit from the rising price of gold and silver, wouldn't an investor get more bang for the buck by owning GG, KGC, AEM and AUY after all the stocks complete their bear market corrections?

Is It Time to Buy? What History Shows

Carl, I couldn't agree with you more. "It will get worse before it gets better" says our Pres.-elect, and the truth is we have never, and I mean NEVER, seen the likes of this kind of financial/credit crisis in our lifetimes.


On Dec 09 10:45 AM Carl Spackler wrote:

> All of these signals - high VIX, the gurus buying stocks, market
> rising on bad news, etc... have been flashing for 5 months. What
> has that gotten investors - losses. I am always amazed at how many
> people will try to find the bottom of a market only to get hammered
> further. To me, it is the surest sign that there is more room to
> go down.
>
> Too many people still have the psychology that this is another in
> the line of shallow recessions. Wake up folks! This is a one in
> a hundred year event. This is a deep recession. This is a deep
> bear market. Periods such as this when researched show that the
> bottom is in place when we have at least 6 months of trading within
> a narrow range. We hit a new low just last month, so I have not
> seen 6 months of sideways action yet.
>
> Keep on trying to find that bottom. If somehow on your ninth try
> you actually hit it - yipee!!! The smarter money however will hold
> off establishing longs until the market shows signs of stabilizing
> (at any price) for 6 months. Big drops like this take a long time
> to stabilize and do not do it in a month or two, so you have plenty
> of time to get on the bus when it actually gets here, mso what's
> the hurry?

Gold and Silver Prices Will Begin to Shine

Pumping trillions of dollars into the monetary system is historically and eventually an inflationary stimulus (loads of money chasing goods and services). I lived through the stagnant 1970s and I saw what inflation can do . The classic definition of inflation is more accurately involved with the eroding purchasing power of the paper currency. In time that means gold and silver goes up, up and away...probably sooner than later


On Dec 05 09:24 AM Marp wrote:

> Gold doesn't pay any interest. The Fed funds are no their way to
> achieve that objective,too. Plus the Feds are busy printing trillions
> of dollars of new debt. I guess paper , historically, is a better
> storage of value. Or isn't it?

Gold and Silver Prices Will Begin to Shine

First, I try to follow my "mentors" suggestions which have been correct more times than they have been incorrect. In this unprecedented derivatives and credit crises, all we have are "clues". Secondly, AUY and many other well-managed miners tend to trade in ranges and there have been many opportunities to "buy low and sell high" in shorter periods of time. Lastly, no one I've heard of and follow was able to anticipate how badly the resource stocks would be decimated. Seeking Alpha isn't a forum for authors to "pump
their own holdings" but a place to share ideas and compare our investment strategies and experience. It should be a way of networking with other investors and learning from each other.

On Dec 05 05:22 AM Marketer25 wrote:

> This fellow's comments ought to come with a warning message. That
> being he hasn't got a clue.
> Yes, I know this "comment" section is not a forum to discredit authors
> but nor should authors use Seeking Alpha to relentlessly and desperately
> try to pump their own holdings.
> For the record, I do not own AUY but this fellow does and has been
> recommending it all the way down.

Opportunities Abound in Gold and International Assets

Day two of the precious metals rally is now history. A pullback would be normal, but whether there is a day three ahead will be very telling. The US dollar needs a correction for a month or so. Best Wishes and Happy Thanksgiving to all.

Dundee Securities Analyst: Barrick Gold and HudBay Minerals 'Oversold'

The numbers mentioned on ABX correlates well with a number of other gold and precious metals producers, which is the markets way of saying "watch out below". It might be oversold, but on the other hand, with the LEH mess and the depth of the banking crises, gossip is flying that some loans to more hedge funds will be called in and more forced liquidations ensue. If that happens commodities could tumble further, especially energy and precious metals. Tomorrow might be ugly (no more than a 50-50 chance) and if it is it would give Bernanke and the Plunge Protection Team the excuse they need to cut interest rates on Tuesday, which could be very, very good for precious metals prices. We should all keep some of our powder dry.

Is This the Death of Gold & Silver Stocks?

Appreciate all the comments, feedback and suggestions. Your input is what makes these articles 3-Dimensional in perspective. I've submitted Part II of this article and hope it will be available here in a day or two. Again, please comment away and share your observations as well.

What the Fed's Latest Decision Means for Investors

Thanks for all the useful comments and feedback.