sexta-feira, novembro 23, 2007

Not yet golden but Sterling

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Chart courtesy of
http://stockcharts.com

While watching times of slumping markets, correction in precious and base metals are ongoing. But it is nothing less than a normal procedure and surely a healthy one. The USD seemed to have gone nowhere on a very shy rally. Probably, it is headed south unless some market "miracle" may arrive.

So, it appears to be a good idea to research and find good assets for the possibly near term. We may look at junior Sterling Mining (SRLM) as a challenge as I think it is looking upwards. It has lots of good land and a Silver mine (Sunshine Mine) currently forecasted to begin production in December 2007.

domingo, outubro 21, 2007

Back to the Junior Miners

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Chart courtesy of
http://stockcharts.com


Back to the glorious junior miners, my first choice, at this moment, is Jaguar Mining (JAG.TO).

The company produces and develops gold projects in the states of Minas Gerais and Ceará, Brazil.

With an excellent technical picture, JAG seems to be able to reach its target production of 300,000 ounces in 2009.

Jaguar has measured and indicated resources of 17,572,460 tonnes containing 2,894,860 ounces of gold and 5,923,300 tonnes of gold classified as inferred resources containing 850,210 ounces. The Company intends to expand its low-cost operations in multiple phases over the next several years to exploit the anticipated increase in proven gold resource base.

terça-feira, outubro 16, 2007

Google Numbers

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Chart courtesy of http://stockcharts.com

Following another straight upleg, indicators have become overbought. The upside remains strong but a necessary correction is underway.

We are also waiting that Google announce third quarter 2007 financial results.

sábado, outubro 06, 2007

Copper to see where we stand

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Chart courtesy of http://stockcharts.com

Are subprime problems over? I don´t think so. It is likely that in the near future we may see more rate cuts in order to restore faith on growth capabilities.

I think we have an important commodity like copper that emulates nicely the strength of the world economy. So, unless extreme circumstances arise, copper prices will reflect market demand letting us know if we are on an expansion environment or not.

Looking at the chart we see that a remarkable correction took place which ended in last February. Since then copper have climbed dramatically from 238 to 380 in May. From there we have witnessed a strong consolidation and if the USD remains around 78 or less we should expect to see a breakout to meet and leave behind the 395 of May 2006.

So, the big picture seems solid even if a correction may be on the cards in the short term.

Let´s keep an eye on this development.

sexta-feira, julho 27, 2007

Research is important


With last days price changes we have to conclude:
First, we can´t have shares climbing nonstop.
Second, gold and silver are still consolidating for now.
As always, we must pick specific value growth stocks and keep them (though with a dynamic management). That implies some very hard work (to find them).

So, let´s do just that!...

sexta-feira, junho 01, 2007

Another critical juncture

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Chart courtesy of http://www.chartoftheday.com

That´s a fine chart. It presents the S&P 500 (blue line), the most important world index, and the same S&P500 priced in Gold (gray line), which shows the cost of the S&P 500 in ounces of Gold and is called the S&P 500/Gold ratio. It has been overlaid onto the chart for ease of comparison.

Will the S&P 500 go on climbing and manage to stay above all time highs? Though is obviously hard to answer, if that should be true we might well see gold catching up strongly. Today it takes 2.3 ounces of gold to “buy the S&P 500”, which is less than half of what we had to “pay” well back in 2000.

A curious conclusion is that the S&P may be headed to a sort of parabolic move somewhere in the future and that Gold seems solid anyway we look to the picture.

domingo, março 18, 2007

Wait and see

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Chart courtesy of http://stockcharts.com

Gold fights but goes nowhere. But, sure, the bias still is bullish on the long run. Meanwhile, Copper is in all evidence catching up. It seems that is trying to reach the right price (see chart).

The USD may continue to go down but it will be a very tough process.

Meanwhile, the Dow and other even more important indexes like NASDAQ and SP500? Are they only correcting? We are indeed on a crucial juncture...

sexta-feira, fevereiro 16, 2007

An excellent confirmation

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Chart courtesy of
http://stockcharts.com

Cumberland Resources (CLG), a top junior gold miner, shines nicely making a strong point about its value and way up on a most sustained trend.

Maybe now a small correction is in the cards, after such a gap up. Or is it indeed? Cumberland is to be acquired by Agnico-Eagle Mines, so the general move is to the north!

quinta-feira, fevereiro 08, 2007

Time for the Yen

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Chart courtesy of
http://stockcharts.com

Yen is too low. Japan´s economy is growing and it is possible that BoJ raises rates again this year. Maybe we have seen a bottom at 81.91. Gap at 84.24 is a possible upside target.

segunda-feira, janeiro 15, 2007

An ugly setup

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Chart courtesy of
http://stockcharts.com

Usually when we see a stock well under its EMA200 it is better not to try to catch a bottom.

But with Motorola (MOT) I think that its estimated revenues and profits for the last quarter of 2006 don´t match with such dumping stock prices. It is my belief it won´t take a very long time to close the gap down that is damaging the chart.

In other words: it is possible that, for now, we have actually found that bottom…

Blog Changes


There are always great opportunities on several markets and on specific securities. So, there is no point in restricting our action and remain only in precious metal stocks.

From now on, and every time I see convincing chances of a promising investment, whatever the market maybe, I will present one particular stock, index, commodity or currency and tell you my opinion about it.
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