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Correction in Gold & Silver Stocks Nearing End

We expected a correction after the gold and silver shares ran into predictable resistance that coincided with October seasonal resistance. That was predictable. Now we are 19 days into the correction and we see some stealth signs of strength and signs of the correction nearing its end. Let’s take a quick look at GDX before … Continue reading

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Argonaut Gold Announces Record Q3 Gold Production of 31,074 Oz & Increases 2012 Production Guidance

TORONTO, ONTARIO–(Marketwire – Oct. 15, 2012) – Argonaut Gold Inc. (“Argonaut Gold” or the “Company”) (TSX:AR), announced today that the Company had record gold production of 31,074 ounces during the 3rd quarter ended September 30, 2012. This included 24,575 ounces at its 100% owned El Castillo Mine (“El Castillo”) which is located 100 km north … Continue reading

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Gold & Gold Stocks Readying for Upturn Against Equities

In the wake of the Fed’s announcement of open-ended or as I like to call it, permanent quantitative (QE) easing, mainstream advisors and pundits have found another way to promote stocks. Recently I heard one popular media pundit say based on QE buy stocks but not gold stocks. Also, pundits are instructing followers to buy … Continue reading

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First Majestic Produces a Record 2.44 Million Silver Equivalent Oz in Q3 2012

First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce that total production at its four operating mines in Mexico for the third quarter ending September 30, 2012, reached 2,438,085 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2011. Total silver production for the quarter consisted … Continue reading

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TheDailyGold Premium Model Portfolio Hits All-Time High

In the past few days, TheDailyGold Model Portfolio reached a new all time high even though GDX and GDXJ remain well below their all time highs. As of Friday’s close, the portfolio was up 31.9% YTD compared to a 0.5% YTD gain for GDXJ, our benchmark. GDX is higher by 4.3% YTD. Since January 2011, … Continue reading

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