The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
How many of those other 12 times were immediately after the Federal Reserve Chairman announcing an ongoing monetisation of US Debt indefinitely into the future, in addition to pumping 40 bln/mo into the mortgage market?
How To Build A GLD-Free Gold Bug Portfolio [View article]
"Isn't that in essence what all investment articles do? I do find this article to portray a unique perspective against the frequently recommended GLD."
Any article dismissing GLD without discussing CEF or PHYS/PSLV is a waste of time. These are the PM funds with physical and insured backing. The author made no discussion on the merits/demerits of GLD other than using the keyword "paper", then went on to discuss parallel "funds" which are also paper.
Bottom line is that there's nothing remotely resembling to analysis in this article. You could have just gone to google.com/finance typed in GLD and looked at all the similar equities and you'd be better informed than if you read this article.
How To Build A GLD-Free Gold Bug Portfolio [View article]
How is this possibly an editor's pick SA article?
1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years. 2) Copy and paste ETF description from other website 3) List historical returns 4) Project returns 30 years in the future 5) Disclaim everything/Disclose nothing 6) Publish
The Obama administration on Monday again delayed release of a report on expanding liquefied natural gas exports, likely pushing beyond the presidential election a decision on sending U.S. gas abroad. The report initially was expected in March. Natural gas exports to all but a handful of countries with Free Trade Agreements require approval from the U.S. Department of Energy. [View news story]
Cheap gas/energy for the US gives us an economic/manufacturing advantage. Exporting it brings $s in but not jobs.
FOMC Announcement: QE3 is on to the tune of an open-ended pledge to buy $40B in MBS per month. The pledge to keep rates extraordinarily low is extended until mid-2015. [View news story]
Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
I'm no expert in the field, but I would venture a guess that almost any industrial use for diamonds are industrially manufactured (cheaply).
I would imagine that certain crystaline structures and size are more difficult/expensive to manufacture than others. Maybe these are more suited to jewelry, etc.
Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
Ummm... broseph.... They aren't drilling for diamonds. "SILVER"corp "METALS". Diamonds are neither silver nor metal. They are using a diamond drill bit to drill exploratory cores for silver. And of course the diamonds used for the bit are manufactured in an industrial facility like you suggest.
The CBO, in likely its last official forecast ahead of the November elections, says the U.S. economy will quickly go into recession if Congress fails to address the fiscal cliff of spending cuts and tax increases set to kick in next year. Even if the cliff is averted, the economy is expected to grow at only 1.7% in 2013. [View news story]
ATP Oil & Gas (ATPG) +11.9% premarket and looking to extend yesterday's rally after a partner reported flow tests from an Israeli natural-gas discovery announced earlier this month. After shares have slid 79% YTD, the company and its investors would be grasping for any good news. [View news story]
Walgreen (WAG) introduces a new program that will allow customers to print photos directly from their iPhone and Android devices at Walgreens stores. The company says it will provide an open software platform that will allow third-party developers to write apps for the in-store photo service. [View news story]
A Facebook (FB) phone will arrive next year, multiple sources tell the NYT's Nick Bilton - a prior report suggested a Q3 launch. It's added Facebook has hired Apple engineers with iPhone experience, and is exploring multiple smartphone projects. The news comes as Facebook comes under pressure to improve mobile monetization, and rolls out a PC/mobile app store and an HTML5 app development platform. Facebook is also rumored to be interested in browser maker Opera. [View news story]
Lets be honest, they can do it quite easily just by adding ads. A major selling point for users of Facebook is that the experience is clean, which pop up ads, sound ads, movie ads, etc... FB engineering has revolved around creating a sticky powerful experience for both users and developers. At some point they will move to focus on ad revenue.
You also must understand that FB simply doesn't need that money right now. They can raise $12B with an IPO, why would they rush to earn another $million in ad revenue each quarter?
"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K price target call on Apple (AAPL) by 2014 implies a $1T valuation. Half will come out of the hides of the firm's "most relevant" competitors as Apple takes market share and the other half from increased investment in tech companies, of which Apple should continue to get a sizable chunk. Shares +1.3% premarket. [View news story]
2 Profitable, Dirt Cheap Gold Miners To Consider [View article]
Good article. The deal with primero is primarily two things: 1) silver streaming tax. Slw has the first 4 million oz at $4 and half thereafter each year. This wouldn't be a huge drawback except they are paying Mexico taxes at spot prices. They have applied for changes in the tax provision which should be decided on this year. 2) gold grades. the San Dimas mine has been suffering from unpredictable grade estimations. This makes mine planning difficult and makes it difficult to project future production. Recently management decided to refresh its mine model. And if I remember correctly it is complete.
Read the last two press releases on their site. It details the problems they've faced and what they're doing about it in more detail than I can describe. I must say that I'm totally impressed with the management. Everything I see points to exceptional long term planning.
Silver Wheaton Corporation: Price Target Remains At $100.00 [View article]
Bob, What's your take on the streaming co's not following miners today? I'm pretty new, but it looked systematic. Is that indicative of anything besides a good deal?
The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
Brilliant analysis nontheless. </sarcasm>
How To Build A GLD-Free Gold Bug Portfolio [View article]
Any article dismissing GLD without discussing CEF or PHYS/PSLV is a waste of time. These are the PM funds with physical and insured backing. The author made no discussion on the merits/demerits of GLD other than using the keyword "paper", then went on to discuss parallel "funds" which are also paper.
Bottom line is that there's nothing remotely resembling to analysis in this article. You could have just gone to google.com/finance typed in GLD and looked at all the similar equities and you'd be better informed than if you read this article.
How To Build A GLD-Free Gold Bug Portfolio [View article]
1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years.
2) Copy and paste ETF description from other website
3) List historical returns
4) Project returns 30 years in the future
5) Disclaim everything/Disclose nothing
6) Publish
The Obama administration on Monday again delayed release of a report on expanding liquefied natural gas exports, likely pushing beyond the presidential election a decision on sending U.S. gas abroad. The report initially was expected in March. Natural gas exports to all but a handful of countries with Free Trade Agreements require approval from the U.S. Department of Energy. [View news story]
FOMC Announcement: QE3 is on to the tune of an open-ended pledge to buy $40B in MBS per month. The pledge to keep rates extraordinarily low is extended until mid-2015. [View news story]
Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
I would imagine that certain crystaline structures and size are more difficult/expensive to manufacture than others. Maybe these are more suited to jewelry, etc.
Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
Thanks for playing.
The CBO, in likely its last official forecast ahead of the November elections, says the U.S. economy will quickly go into recession if Congress fails to address the fiscal cliff of spending cuts and tax increases set to kick in next year. Even if the cliff is averted, the economy is expected to grow at only 1.7% in 2013. [View news story]
ATP Oil & Gas (ATPG) +11.9% premarket and looking to extend yesterday's rally after a partner reported flow tests from an Israeli natural-gas discovery announced earlier this month. After shares have slid 79% YTD, the company and its investors would be grasping for any good news. [View news story]
Apple (AAPL): FQ3 EPS of $9.32 misses by $1.04. Revenue of $35B (+22% Y/Y) misses by $2.5B. 26M iPhones sold, 17M iPads, 4M Macs. Shares -5.5% AH. (PR). [View news story]
Walgreen (WAG) introduces a new program that will allow customers to print photos directly from their iPhone and Android devices at Walgreens stores. The company says it will provide an open software platform that will allow third-party developers to write apps for the in-store photo service. [View news story]
A Facebook (FB) phone will arrive next year, multiple sources tell the NYT's Nick Bilton - a prior report suggested a Q3 launch. It's added Facebook has hired Apple engineers with iPhone experience, and is exploring multiple smartphone projects. The news comes as Facebook comes under pressure to improve mobile monetization, and rolls out a PC/mobile app store and an HTML5 app development platform. Facebook is also rumored to be interested in browser maker Opera. [View news story]
You also must understand that FB simply doesn't need that money right now. They can raise $12B with an IPO, why would they rush to earn another $million in ad revenue each quarter?
"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K price target call on Apple (AAPL) by 2014 implies a $1T valuation. Half will come out of the hides of the firm's "most relevant" competitors as Apple takes market share and the other half from increased investment in tech companies, of which Apple should continue to get a sizable chunk. Shares +1.3% premarket. [View news story]
2 Profitable, Dirt Cheap Gold Miners To Consider [View article]
1) silver streaming tax. Slw has the first 4 million oz at $4 and half thereafter each year. This wouldn't be a huge drawback except they are paying Mexico taxes at spot prices. They have applied for changes in the tax provision which should be decided on this year.
2) gold grades. the San Dimas mine has been suffering from unpredictable grade estimations. This makes mine planning difficult and makes it difficult to project future production. Recently management decided to refresh its mine model. And if I remember correctly it is complete.
Read the last two press releases on their site. It details the problems they've faced and what they're doing about it in more detail than I can describe. I must say that I'm totally impressed with the management. Everything I see points to exceptional long term planning.
Silver Wheaton Corporation: Price Target Remains At $100.00 [View article]