Jordan Roy-Byrne CMT, MFTA

It’s no secret that mergers and acquisitions (M&A) activity in the mining sector is in the dumps.  According to PWC, deal volume in the first half of 2013 declined 31% as compared to the same period last year. Deal value declined 74%. Excluding Glencore’s $54 billion acquisition of Xstrata in 2012, deal value is still … Continue reading

TDG Silver Producers index contains 13 silver producing companies. The index is partially weighted towards market cap. Click the image to enlarge.

Marc Faber’s latest thoughts in this interview with the Wall Street Journal….  

A month ago we noted that the gold stocks were headed lower and to a potential double bottom that would create another great buying opportunity. After seven straight weeks of price declines, the gold stocks rebounded last week and are off to a good start this week. We can’t be sure if a double bottom … Continue reading

This chart shows profits relative to GDP. In other words, it shows profit margins. Combine America’s record profit margins with high valuations and its a recipe for poor returns over the next five years. Conversely, profit margins in the rest of the world are much lower (so there is expansion potential). Valuations in emerging markets … Continue reading

Our weekend update sent to email subscribers posted here….

Trading activity by GoldMoney customers jumped 24% above last week’s levels but this was concentrated in gold where trading rose by 72%.

Tiho Brkan joined us to discuss his thoughts on Gold, Silver and the gold stocks. I think this is one of the best interviews we’ve done with Tiho.  

Mark Twain said history doesn’t repeat itself but it rhymes. We often see that in the capital markets. The big decline in Gold this year is reminiscent of that of 1975-1976. Yet, aside from that there are several other similarities between today and 1976. Gold, gold stocks, the stock market and commodities appear to be in a … Continue reading

This is according to the chart below. Commodities, Materials, Emerging Markets and Energy are the most underowned while Discretionary, UK, Europe, Tech, Real Estate and Japan are the most over owned.