Year: 2012

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Precious Metals Summary

I think it is time for another Precious Metals update. The last post I did on this subject was way back on October 20th, with a conclusion that “in a bull market, we are meant to be buying (sounds simple, but many forget this basic rule)….

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Gold or Silver Stocks? Or Both?

Recently, gold and silver’s performance wasn’t what precious metals investors had expected, even though it seems that this turbulence is just temporary – fundamentals are great with the Fed promising to print even more money and continuous reports on rising demand for gold and its shrinking supply.

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Balmoral drills 6.73 m of 23.82 g/t Au at Detour

Drill hole MDE-12-72 returned the highest grade intercept to date from the Bug Lake Zone – 6.73 metres grading 23.82 g/t gold – from a vertical depth of only 25 metres…..

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First Majestic Announces Friendly Acquisition of Orko Silver

First Majestic Silver Corp. and Orko Silver Corp. have entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic plus 0.01 cent in cash per Orko common share. The offer … Continue reading

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The European Flag, Reversal Candlestick in Stocks and Precious Metals

Yesterday we saw substantial declines in the whole precious metals sector (the only important exception was palladium that actually managed to close higher after a huge price drop earlier during the day) even though the Fed announced Wednesday that it would continue its monthly purchases of $85 billion in Treasury bonds and mortgage-backed securities.

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A Look at Junior Gold Producers

GDX is our favored index or ETF for tracking the gold stocks but it only tracks the large cap unhedged companies. In the world of gold mining and exploration, there are several sub sectors below the largest producers which comprise GDX, the HUI and the XAU. In recent weeks we have charted GDX to death. … Continue reading

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Canaccord: Argonaut Gold Has Strong Re-Rating Potential

Argonaut Gold may see strong re-rating potential following execution on ramp-ups at El Castillo, La Colorada in addition to advancement of Santonio, Magino projects, Canaccord analyst Rahul Paul said in note. * AR CN remains focus list pick based on attractive valuation in context of one of most attractive, fully funded growth profiles in sector … Continue reading

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