Year: 2012

Edgewater Exploration boasts two projects with multi-million ounce potential. The company’s Corcoesto project in Spain has a resource of 1.5 M oz Au while it will soon release a resource estimate on its Enchi Gold project in Ghana, which is a j/v with Kinross. Edgewater currently has a market cap of only $30 M and … Continue reading

All bull markets have to endure a plethora of corrections and all bull markets have to endure a handful of major corrections. The gold stocks are no different. In fact, due to nature of the mining business and the high-beta status of these stocks, it is very easy for investors to forget that they (the … Continue reading

Here is the mention: We used the FP Infomart’s Corporate Analyzer to search through 409 metals and mining companies to identify those with some production, sales and earnings, whose shares have been climbing steadily – up at least 15% over the past year, 10% over the past 40 weeks and 2% in the past 13 … Continue reading

Several Wall Street firms have recently published their gold price forecasts for 2012. Goldman Sachs predicts the price of gold will peak at $1,900 per ounce and average $1,810 per ounce in the coming year.

Back in 2009 I began keeping track of those financial analysts, economists, academics and commentators who were of the opinion that it was just a matter of time before gold reached a parabolic peak price well in excess of the prevailing price.

Weekly Gold Review

The gold market in 2011 increased to a great extent and it will rise even more in 2012. As per the GFMS who is one of the most esteemed precious metal market analysts, the Chinese market, private and government will take up more than 22 million ounces of gold in the year 2011 which is … Continue reading

This post comes from my friend Tiho at Short Side of Long: Today’s chart of the day focuses on Precious Metals sector, just like the previous post about Silver. The chart below shows that Gold Miners ETF is currently extremely oversold as Bullish Percent Index comes close to single digit readings not seen since late … Continue reading