Streetwise Reports' Article Archives — March 2016 back to current month (19)
Precious metals expert Michael Ballanger says that owning silver versus owning gold is a high-probability trade that could be the 2016 Trade of the Year.
After several years of low gold prices, 2016 has brought a rebound, with the metal rising almost 20% since the first of the year, although recent price corrections have slowed gold's advance. After the Brussels terrorist attacks last Tuesday, gold rose briefly, but then was undercut by a strong U.S. dollar rally. Investors are wondering whether gold is in a temporary correction mode or if the three-month bull has run its course. Marc Faber and other experts weigh in.
Gold Royalty Companies Continue to Progress (03/28/2016)
The large gold royalty companies remain among our top holdings, notwithstanding the high valuations and our comments on the overall gold market and short-term concern on the gold stocks.
Gold: Correction Ahead, But Market Very Strong (03/25/2016)
Gold is up over 15% this year so far, while the gold stocks (per XAU index) have risen over 50%. But investors are skeptical about this year's gold rally, and that's a good thing. For the past several years, we have seen strong rallies in gold and gold stocks early in the year, only to see the market reverse and end the year down. Investors are reluctant to jump on board this year's rally.
Reservoir Minerals Has Many Options to Enhance Value (03/24/2016)
Reservoir Minerals Inc. (RMC:TSX.V) has moved up sharply this month—over 50%—after Lundin Mining Corp. (LUX:TSX) made an offer to buy part of Freeport-McMoRan Copper & Gold Inc.'s (FCX:NYSE) interest in its joint venture with Reservoir. But it remains a strong buy.
Michael Ballanger discusses the effect of events in Brussels on precious metals.
Japanese giant Sumitomo Corporation is on a quest for gold. Its only exploration-level joint venture is with Viscount Mining. Resource Maven Gwen Preston explores the Viscount proposition, including the historic potential of its Cherry Creek, Nevada, land package and its potential to produce Carlin-type gold.
Anchored in the Misery of the Last Bear Market… (03/18/2016)
Michael Ballanger dissects Friday's Commitment of Traders Report and whether it indicates bullish or bearish movements.
In the wake of what Michael Ballanger calls a "non-decision by the U.S. central banksters," the precious metals expert remains cautious and watchful. In this article, Ballanger offers his take on what the recent Fed decision on interest rates means for investors and the markets, and the circumstances that might force him to toss in the towel.
When precious metals expert Michael Ballanger looks at the current state of the precious metals markets, he is reminded of that scene from Shakespeare's Julius Caesar when the wounded emperor looks up into his friend Brutus' eyes and utters the immortal words, "Et tu, Brute?"
Zero-Hour for the Precious Metals… (03/14/2016)
Just as the world was breathing a massive and collective sigh of relief that a new bull market in gold and silver had arrived with all the pomp and pageantry of a Royal Wedding, the Barbarians climbed the walls and are now very close to razing the palace, says precious metals expert Michael Ballanger.
Man-oh-man, the heat I am taking over my recent "Caution" stance on the near-term outlook for gold and silver is now verging on the theatre of the absurd, says precious metals expert Michael Ballanger.
The event-driven hedge fund Rosseau LP has beat its benchmark by over 50% since inception in 1998, and its founder and CIO Warren Irwin says it does so by going deep, looking at very specific events or situations that are special within industry sectors. Irwin made his name by shorting Bre-X some 20 years ago and hasn't looked back. In this interview with The Gold Report, Irwin gives us a peek into Rosseau's portfolio, discussing opportunities that he is excited about in metals, uranium and oil.
There wasn't much sizzle in the gold equities space in recent years, but that has recently changed. Paul Renken, chief geologist and analyst with London-based VSA Capital, says the recent uptick in the gold price—which he says should stay near current levels for a while—will boost the margins of already profitable gold producers. Renken is even more bullish on lithium, while remaining optimistic about uranium. In this interview with The Gold Report, Renken provides the gold, lithium and uranium names with sizzle.
Kiss the Bear Goodbye (But Wear a Helmet). . . (03/04/2016)
Friday's morning action in gold has been at once both terrific and frothy, wonderful and scary, and redemptive and soothing, says precious metals expert Michael Ballanger.
Behold the New Golden Bandwagon. . . (03/02/2016)
Precious metals expert Michael Ballanger says we are actually back in a bona fide, brand-spanking-new bull market in gold and the gold miners.
Faulty Barometer (03/02/2016)
A cacophony of a recession chatter is filling the airwaves. Some experts are already declaring we are in one while others are raising warning flags. Their message has not been lost on the masses: Google searches for the word "recession" have risen to the highest level since 2012. Interestingly, many commentators cite the 20% decline in global stock prices as the warning signal, if not the cause. But veteran investor Joe McAlinden believes the U.S. economy will continue to expand in the year ahead.
Commodities: Early Signs of Bottoming (03/02/2016)
Veteran investor Leon Tuey says he believes, contrary to conventional wisdom, the economy is not heading into recession and commodities are showing early signs of bottoming.
Precious metals expert Michael Ballanger believes we are in the very early stages of an absolutely breath-taking bull market in mining stocks and the precious metals, but like the famous Aesopian fable, sometimes it's the tortoise that wins the race by simply plodding along and exercising patience and a tad of caution.
|"We estimate Q3/20 production of 79,931 oz gold for PVG."|
|"SCOT has come out with some excellent drill results. . .there is a good chance its shares will continue to rally."|
|"GCX announced that it plans to drill up to 1,500m at Stu."|
|"The time has arrived for another MMG uptrend to start."|
|"LIO's Tuvatu PEA shows a pretax NPV5% of $155.8M and IRR of 60.3%."|