Is Gold's Bullish Turn Sustainable? [SPDR Gold Trust (ETF), SPDR S&P 500 ETF Trust, ProShares Short S&P500 (ETF), iShares Barclays 20+ Yr Treas.Bond (ETF)] - Seeking Alpha
This is an interesting article about the recent rise of gold over stocks and treasuries. The author brought up the idea of gold being the "no place to hide" investment since treasuries have been going down in price and stocks have been limping lately. I agree that gold has come off the bottom, but nobody knows how far it can rise. I would be a buyer of gold and silver if they fall back to the breakout points of $1200 for gold and $20 for silver. Demand for precious metals will always be here, and buying at the bottom will always be profitable if you have enough time to wait for a rally like we just experienced.
Wednesday, September 4, 2013
Tuesday, September 3, 2013
ProShares Ultra Silver ETF Chart - Yahoo! Finance
ProShares Ultra Silver ETF Chart - Yahoo! Finance
Here is a chart of AGQ, the leveraged silver ETF. You could have easily bought AGQ in July for $16-$17, and the stock was selling for $25 on September 3, 2013. If you bought the stock for $16.50 in July, you could have sold it on September 3 for a 50% profit. Since I know the Yahoo Finance link for AGQ will not show this chart too long due to daily updates, I have shown a Paint snapshot of the September 2013 situation below. Double-click the chart below to see a bigger image.
Now, how should I have known that July 2013 was a valid bottom for silver? First, silver itself was selling for around $20 at the time, and that is the break even price for most miners. Exactly how high silver goes in the future is a mute point when silver is at the bottom. It was due for a bounce off the bottom because silver demand is still present.
Secondly, the London Bullion Market website has what is known as a Gold Forwards (GOFO) page where it lists gold delivery prices. The GOFO number was negative for several days in the first half of July, and this is a sign of a gold bottom. Since gold and silver move together, the GOFO negative value was a clue that both gold and silver would probably be moving up in price, and that is exactly what happened in August and September.
Here is a chart of AGQ, the leveraged silver ETF. You could have easily bought AGQ in July for $16-$17, and the stock was selling for $25 on September 3, 2013. If you bought the stock for $16.50 in July, you could have sold it on September 3 for a 50% profit. Since I know the Yahoo Finance link for AGQ will not show this chart too long due to daily updates, I have shown a Paint snapshot of the September 2013 situation below. Double-click the chart below to see a bigger image.
Now, how should I have known that July 2013 was a valid bottom for silver? First, silver itself was selling for around $20 at the time, and that is the break even price for most miners. Exactly how high silver goes in the future is a mute point when silver is at the bottom. It was due for a bounce off the bottom because silver demand is still present.
Secondly, the London Bullion Market website has what is known as a Gold Forwards (GOFO) page where it lists gold delivery prices. The GOFO number was negative for several days in the first half of July, and this is a sign of a gold bottom. Since gold and silver move together, the GOFO negative value was a clue that both gold and silver would probably be moving up in price, and that is exactly what happened in August and September.
Global Economic Intersection
Global Economic Intersection
Steven Hansen wrote an article at Global Economic Intersection about the August ISM reading. It is 55.7, and this means we should not have to worry about a recession in the immediate future. The stock market could possibly draw back due to worries over Syria, but I doubt we will see a big pullback since the economy is doing okay.
Steven Hansen wrote an article at Global Economic Intersection about the August ISM reading. It is 55.7, and this means we should not have to worry about a recession in the immediate future. The stock market could possibly draw back due to worries over Syria, but I doubt we will see a big pullback since the economy is doing okay.
Northern Dynasty Minerals Ltd. (USA) (NAK): It Is Time For Copper Bulls To Consider Northern Dynasty Minerals - Seeking Alpha
Northern Dynasty Minerals Ltd. (USA) (NAK): It Is Time For Copper Bulls To Consider Northern Dynasty Minerals - Seeking Alpha
Here is a great article on long term investment prospects for Northern Dynasty. I own a small position in NAK because I believe the future cash profit of the company is enormous, and I have followed Northern Dynasty for several years. However, the environmental risks are very troublesome for the stock, and most investors would not want to wait several years for this possible 10-bagger. I will buy a lot more of the stock in the future if and when the permits are obtained and mine construction is on the verge of starting. When this point in time is reached, the stock price will probably rise by a double initially and outperform other stocks. Then, over ten years, it will probably grow ten times as long as they can control environmental issues.
Here is a great article on long term investment prospects for Northern Dynasty. I own a small position in NAK because I believe the future cash profit of the company is enormous, and I have followed Northern Dynasty for several years. However, the environmental risks are very troublesome for the stock, and most investors would not want to wait several years for this possible 10-bagger. I will buy a lot more of the stock in the future if and when the permits are obtained and mine construction is on the verge of starting. When this point in time is reached, the stock price will probably rise by a double initially and outperform other stocks. Then, over ten years, it will probably grow ten times as long as they can control environmental issues.
Monday, September 2, 2013
The Forgotten Longevity Benefits of Taurine - Life Extension
The Forgotten Longevity Benefits of Taurine - Life Extension
This link about taurine is something that is just as important as the subject of books and stocks. Taurine is an amino acid that can strengthen the heart, reduce triglycerides, and remove fatty deposits from the liver. Just 1.5 grams of taurine daily reportedly reverses diabetes in 14 days. Weight loss has occurred with 3 grams per day. Taurine also helps blood vessels stay supple instead of getting rigid. This is definitely a supplement that should be a part of everyone's diet especially as a person gets older.
This link about taurine is something that is just as important as the subject of books and stocks. Taurine is an amino acid that can strengthen the heart, reduce triglycerides, and remove fatty deposits from the liver. Just 1.5 grams of taurine daily reportedly reverses diabetes in 14 days. Weight loss has occurred with 3 grams per day. Taurine also helps blood vessels stay supple instead of getting rigid. This is definitely a supplement that should be a part of everyone's diet especially as a person gets older.
Golden Minerals Co (AUMN): Golden Minerals Has Enormous Upside Potential - Seeking Alpha
Golden Minerals Co (AUMN): Golden Minerals Has Enormous Upside Potential - Seeking Alpha
Here is a good article concerning a speculative buy for Golden Minerals. As the article states, silver prices may be at a bottom at around $20 per ounce since most miners need a higher silver price to be profitable. AUMN will most likely be worthwhile to own if we get into another silver bull market.
Here is a good article concerning a speculative buy for Golden Minerals. As the article states, silver prices may be at a bottom at around $20 per ounce since most miners need a higher silver price to be profitable. AUMN will most likely be worthwhile to own if we get into another silver bull market.
Sunday, September 1, 2013
5 Natural Gas Transportation Stocks For 2013: August Update [ConocoPhillips, Cummins Inc.] - Seeking Alpha
5 Natural Gas Transportation Stocks For 2013: August Update [ConocoPhillips, Cummins Inc.] - Seeking Alpha
This article about owning natural gas transportation stocks is very good. I have owned CLNE and WPRT for years. I believe the time is right to buy CMI and GTLS also. As the article points out, if you count dividends, this stock group is doing as well as the S&P 500, and the potential for gaining more than the S&P will continue to get better when we start exporting natural gas.
This article about owning natural gas transportation stocks is very good. I have owned CLNE and WPRT for years. I believe the time is right to buy CMI and GTLS also. As the article points out, if you count dividends, this stock group is doing as well as the S&P 500, and the potential for gaining more than the S&P will continue to get better when we start exporting natural gas.
Subscribe to:
Posts (Atom)