Thursday, March 30, 2006

GG (Goldcorp Inc.) Chart

Silver amazing move have lured most of the precious metals trading crowed into silver stocks like: SILVER WHEATON CORP (SLW) & Pan American Silver Corp. (PAAS). Some of the most interesting gold stocks like: RGLD (ROYAL GOLD INC) and GG (Goldcorp Inc.) were left to lag behind. Now that gold surpassed its previous high there is a good possibility to see the leading gold mining stocks going higher.

Gold spot (XAU) & Silver spot (XAG) Charts

Commodities Charts

GG (Goldcorp Inc.)  Chart

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Wednesday, March 29, 2006

ROYAL GOLD INC (RGLD) review

ROYAL GOLD INC (Nasdaq : RGLD) breakout through the upper diagional downtrend line as well as the 50 days moving average, MACD , RSI and Volume looking good.


Click here for the previous review of ROYAL GOLD INC (RGLD)

Click here for Gold ( XAU ) and Silver ( XAG ) charts

ROYAL GOLD INC  (RGLD) chart

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Tuesday, March 28, 2006

Pan American Silver Corp. (NASDAQ : PAAS)

PAAS is one of the few mature silver stocks, famous Bill Gates is known to be the largest single holder (CASCADE INVESTMENT LLC). PAAS is trading around all time highs and technically there is no overhead resistance. The triangle pattern on the daily chart suggests a price objective of 32$. ADX & MACD are looking good, the weekly chart also looks good and I believe that regardless of any short term pullback that may or may not come this stock is headed higher after consolidating for almost two years.


Pan American Silver Corp. (NASDAQ : PAAS) chart

Pan American Silver Corp. (NASDAQ : PAAS) chart

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Monday, March 27, 2006

SILVER WHEATON CORP (AMEX:SLW)

Profile
Silver Wheaton is a mining company with 100% of its revenue from silver production and it expects to sell approximately 15 million ounces of silver in 2006 at a cash cost of $3.90 per ounce. The Company has agreed to purchase all the silver production from the Luismin Mines in Mexico and the Zinkgruvan Mine in Sweden. It has also agreed to buy 4.75 million ounces of silver per year from the Yauliyacu Mine in Peru. Silver Wheaton is unhedged and well positioned for further growth.

Everyone have something to say about SILVER WHEATON CORP (AMEX:SLW) , This stock is very popular with traders who look for a silver exposure. Caution is advised as the market capital is already above 2 B $ and much higher silver prices / higher production are needed to justify such high valuation. Anyway the chart looks very strong and further gain should be expected. If and when silver correction happen don’t be surprised to see a semi crash correction.

The bottom line : This is a momentum play with strong fundamentals that could go much higher but once momentum change it could go ugly temporarily.


Volume is raising, MACD & RSI looking bullish, support around 10$ then 8$.
SILVER WHEATON CORP (AMEX:SLW)

For gold and silver news , commentary and charts click here

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Friday, March 24, 2006

AngloGold Ashanti Ltd. (AU)

Anglo American the mother company reducing it stakes from ~50% to ~40%, In addition AngloGold Ashanti Ltd. (AU) is issuing 10.3 million new shares. Please remember that this company is the second largest hedger in the world (after Barrick Gold Corp. = ABX). Not your best way to play the Great global gold bull market, to say the least...Best case scenario I can see: trading range between the 50 and 38.2 Fibonacci lines, Avoid it.



Click on the chart below to enlarge:
AngloGold Ashanti Ltd. (AU)

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Friday, March 10, 2006

HUI / XAU ratio

Hedgers are punished in this great global gold bull market (GGGBM)

Since 2001 the HUI index outperformed the XAU about 200%. that is, if you shorted the XAU and Bought the HUI in 2001, you are up 200% on your money.
Both indices share some companies however the difference between the HUI and the XAU is the fact that the XAU components are usually more aggressively hedgers.
As the Bull market continues I expect this trend to continue and aggressive hedgers will under perform badly.


Click on the chart below to enlarge:

HUI XAU RATIO

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Tuesday, March 07, 2006

AMEX Gold Bug Index - HUI Chart

The hui broke below the 50 DMA, the uptrend green line below...

See commentary regarding Gold & Silver Here

Click on the chart below to enlarge:

AMEX Gold Bug Index - HUI Chart

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Friday, March 03, 2006

Concern over future supply

Author: jade davenport

While it may be argued that there is an upsurge in the field of exploration owing to the 25-year-high gold-trading price, it would seem that many mining majors are not investing enough capital into the exploration section of the business value curve, opting rather to acquire and con-solidate existing operations.

In effect, this is creating an insur-mountable challenge for the supply of new gold ounces because, without sufficient exploration projects undertaken now, there will not be enough new operational mines to maintain the current supply of gold by the time that the discoveries of the 1990s are depleted. read more here

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