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Higher Low in Place for Gold Stocks as 2013 Beckons

With all of the volatility of the past nine months, few market observers would think the gold equities have begun a series of higher lows or even a new bull market. However, this action is typical of this sector. GDX first formed a low in May followed by a double bottom low in July. From … Continue reading

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Precious Metals Decouple from Stock Market

At the end of July we wrote an article examining the relationship between gold stocks and general equities. We sought to understand the huge variance in performance between the two markets. Sometimes they trended higher together. Sometimes the gold stocks surged while conventional equities fell into a bear market. Both markets have endured bad bears … Continue reading

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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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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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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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