Everybody who’s owned gold and silver mining shares through a couple of cycles has their favorite story of the stock that took off and ran away. There was Glamis Gold, which rose from $1 to $40 in the space of a few years before selling out to Goldcorp. And Silver Wheaton, which soared from $3.45 […]
The Most Interesting Story In Gold
Or: Gold Miners’ Doom Is Streaming Companies’ Boom. The gold and silver miners are in crisis, as metal prices hover around break-even for many and capital dries up for most. Dozens of companies are one or two quarters away from running out of cash and closing down, and their executives are ready to deal. This […]
Are Collectible Coins The Best Way To Own Gold After All?
One of the most common pieces of advice in the gold-bug world is to get as much metal as possible for your money, which means buying bullion rather than rare (i.e., numismatic or collectible) coins. The latter weren’t confiscated in 1934, but — so goes this line of thinking — that’s not an issue this […]
Are Gold Investors Finally Capitulating?
Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of the most reasonable — which has made his interviews of the past few years a little disconcerting. Along with the obligatory positive thoughts on the long-term value of gold and silver and the resulting bright […]
What Would Happen If Mainstream Investors Discovered Gold?
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for cash (because they don’t understand monetary history). But what if they changed their minds? From Chapter […]
Who’s Next? China Finally Starts Snapping Up Gold Miners
One (perhaps the only) bright spot in the past few years’ gold market has been Chinese and Indian demand for the metal. Here’s a chart, courtesy of Ed Steer’s Gold & Silver Daily, showing that the two countries have imported a cumulative 15,000 tonnes since 2008, which is not far from the total production of […]
What Gold’s Bull Market (That’s Right, Bull Market) Means For Miners
One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For Americans that means looking out through a window that is distorted by the dollar’s recent surge. A C$100-a-night Vancouver BC hotel room, for instance, cost about US$100 in 2013 and […]
Suddenly, Not A Bad Environment For Gold Miners
A few years ago (when the world was very different) veteran mining analyst Jay Taylor told me something that seemed counterintuitive: Deflation can actually be a good thing for the gold and silver mining business — if the prices of mining inputs like oil fall faster than the price of precious metals. In other words, […]
Did Gold and Silver Just Get Their “Greenspan Put”?
The world’s central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into thin markets to produce massive declines — just when precious metals SHOULD have been soaring in response to near-global debt monetization. But something interesting happened as this latest smack-down really […]
Does Surging Demand For Gold & Silver Coins Signal a Bottom?
Reports of individuals snapping up near-record numbers of gold and silver coins are coming in from around the world: U.S. Mint American Eagle gold coin sales set to rise sharply in Sept (Reuters) – The U.S. Mint has sold nearly 50,000 ounces of American Eagle gold coins so far in September, almost double its total […]
Gold Bugs’ Hearts Are Beating Faster
Last Thursday was the kind of day that precious metals investors have been waiting (and waiting and waiting) for. Gold and silver popped 3.5% and 4.8% respectively and the junior miners, which have been universally unloved lately, took off. Some more-or-less random examples: One day does not of course make a bull market, but it […]
Tangible Versus Financial Assets: The Great Migration
Excerpted from The Money Bubble, by James Turk and John Rubino. Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real, physical things like buildings, farmland, oil wells, commodities, etc. These things can be seen and touched, and – crucially – they don’t have counterparty […]
China Gold Imports Surge – Or Fall. You Decide
Chinese gold imports are becoming a case study in the power of journalists to control the slant of a story by deciding which facts to highlight. The following chart contains the relevant data. Here’s how the mainstream press, in this case Bloomberg, handled it: China’s Gold Shipments From Hong Kong Decline as Demand WeakensChina’s gold […]
If You Were Going to Buy a Mining Stock, Which Would It Be?
Let’s say you’ve got some traditional mutual funds full of stocks and bonds and they’re way up. You’re worried by all the taper talk and the charts that show share prices and margin debt back up to pre-crash levels, and you’re wondering whether it’s time to redirect some of that capital to someplace that no […]
Miners Reporting Serious Progress
This was supposed to be the year that gold and silver miners pretty much imploded. The story in a nutshell is that during the boom years of 2009 -2011, the markets threw so much cash at the industry that a lot of CEOs went a little crazy, racing to accumulate the most ounces in the […]
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