The Gold Report
Plainly the U.S. dollar, which continues to acts like a drunk trying to stand up, has sensed the upcoming economic raison d’etre is one of printing more dollars and attempting to inflate our way out of said predicament. Likewise gold, as well as other tangibles, have “risen” to the occasion.
Indeed, despite all of the talk about the strength in technology stocks, the strongest sectors last week were Energy (+2.53%) and Materials (+2.19%). For more than five years we have opined that EVERY portfolio should have at least a 3% weighting in precious metals, or a mutual fund that plays to precious metals. Despite that mantra, the preponderance of accounts continue to shun gold, which has risen more than 200% over that timeframe (or twice the rate of the DJIA)...
Notable Quotes
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More >
"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More >
It's Time to Own Tangibles
Source: Jeffrey Saut, Seeking Alpha (10/16/07)
For more than five years we have opined that EVERY portfolio should have at least a 3% weighting in precious metals, or a mutual fund that plays to precious metals. Despite that mantra, the preponderance of accounts continue to shun gold, which has risen more than 200% over that timeframe...
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"We reiterate our Buy recommendation on SVL." (5/16/13) SilverCrest Mines Inc. - Kwong-Mun Achong Low, Jennings Capital More >
"TGZ's Q1/13 production and reduced spending positively impacted NAV." (5/16/13) Teranga Gold Corp. - Barry Allan, Mackie Research Capital More >
"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James More >
"NGC is one of the few graphite companies to have completed a feasibility study." (5/15/13) Northern Graphite Corporation - Ron Struthers, Resource Stock Report More >