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Posts Tagged ‘gold price’

Gold And Silver Hit Record Highs: Update On Our Portfolio

Today a fresh all-time high was set for gold at $1399,40 and silver hit another multi decade high at $26,95

How is our portfolio doing? In 2009 we bought:

Avino Silver and Gold Mines Ltd. up 219%

First Majestic Silver Corp. up 274%

Great Panther Silver Ltd. up 85%

Minera Andes Inc. up 176%

Silver Wheaton up 231% and in 2010 we bought:

Seabridge Gold Inc. up 6%

Rubicon Minerals up 18%

Not a bad result so far we think. What to expect? Expect lots of volatility and a continuing bull market. We think gold will hit $1400 in the beginning of next week, and silver will break trough $27,00 Before we enter 2011 we see gold going as high as $1500 – $1550 When that major psychological barrier is near we might even see more volatility than last day’s. A passage of the $1500 mark can result in so much selling pressure, that daily gains or losses could surpass $100 It might take till the summer for prices to settle near the $1400 level again.  Than we have to wait till fall again to gain much, much more. Silver gains will continue to outperform gold. If you are planning to invest in gold or silver wait till gold has surpassed the $ 1400 mark, then selling pressure will push gold back to $1320 – $1350 and the perfect buying moment has come.

New Features

We have done a little restyling here. Hope you like the new style of our website. Please leave your comments!

The new functions that have been added to our website last week are:

  • Improved portfolio: In depth dynamic and interactive charts, news about the company and it’s projects
  • Commodity Prices: Live prices of all major commodities in all major currencies
  • Currencies: Exchange rates of all major currencies
  • Small note about the gold price:
    It did went up last Monday, to bad I waited to long for going short! Now it will climb up steadily to the (near) all-time record level once again. The new company we are going to invest in will follow this week, sign up for our newsletter and be the first to find out!

    Update on the gold and silver market. Bumpy road ahead, but much upward potential.

    Sorry I haven’t posted anything for such a long time, I am very glad I am blogging again! After almost six months yet again another all-time high has been reached in the price of gold. Last week there was is slight pull-back, but today we see bargain hunting again.  I expect the gold price to remain in the $1160 – $1250 range for the coming months. This is not what happens in ‘normal’ years, than there always is a drop of the gold price in the summertime, so not this year!  The biggest development in the last moths has been the fact that the gold price now moves independently from the dollar index. I visit www.kitco.com on a daily basis. The Kitco Gold Index gives the investor a better view of the price development. We probably will have to wait till September before we will see a steady price of about $ 1300 However, there may also be upward as well as downward spikes these coming months. We still advise to buy gold whenever is falls below $1180 I myself don’t do trackers or Forex trading, but this volatile market is sure making them interesting tools for the more aggressive trader.

    Some people say we are in a bubble

    We’re not! When your taxi driver or shoe polisher advises you to buy gold, than we are in a bubble. You do see the financial media have picked up the marked trend, and are following it closely.  This merely was the first step towards bubble forming. This will end in a bubble, that’s for sure as well. But with ever diminishing gold and silver deposits on this earth make sure a firm bottom for prices has been formed now.  When you correct the 1980 prices of gold and silver for inflation, the all time gold price would be around $6000 and that of silver about $120 when we reach these ranges, and we will, we can talk about a bubble again.

    What about the silver price?

    The price explosion I discussed in the previous post has not happened, yet. For this event we probably have to wait for September as well. With rising gold prices the material becomes more and more ‘out of reach’ for some small investors and the general public.  This will result is a correction of the gold/silver ration to its historical value of about 15. If we apply this ratio to today’s gold price of $1200 silver should cost $80 per ounce. One reason for prices not to have exploded yet is the price manipulation of this market.  You can read some very interesting facts about this manipulation via this link. For information about manipulation of the gold price please visit www.gata.org

    Buy gold and silver! Bullion, coins, nuggets, and Silver Wheaton (SLW)

    The European dept crisis will continue at least for two  years. The so much discussed PIIGS countries will contribute to a further decline of the Euro. Now about them PIIGS, this surely must be the best marketing hoax since the Blair Witch Project.  The people who made up this term confidently left out Great Britain and the United States. Those two countries have issues with their money base and depts. far greater than the PIGGS counties. Therefore physical gold and silver will give the best ‘insurance’ for the longer term. We managed to pick up some more shares of Silver Wheaton (SLW) at a price of $14.95 We have put in another buy order at a price of $17.50 We will monitor the price of this stock closely. Established in 2004, Silver Wheaton has quickly positioned itself as the largest metals streaming company in the world. The company currently has thirteen silver purchase agreements and two precious metals agreements where, in exchange for an upfront payment, it has the right to purchase all or a portion of the silver production, at a low fixed cost, from high-quality mines located in politically stable regions.

    Forecast 2010 production, based upon the company’s current agreements, is 22.2 million ounces of silver and 20,000 ounces of gold, for total production of 23.5 million silver equivalent ounces. By 2013, annual production is anticipated to increase significantly to approximately 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver equivalent ounces. No ongoing capital expenditures are required to generate this growth and Silver Wheaton does not hedge its silver production.

    Silver Wheaton’s industry-leading growth profile is driven by a portfolio of world-class assets, including silver streams on Goldcorp’s Peñasquito mine in Mexico and Barrick’s Pascua-Lama project straddling the border of Chile and Argentina. The company’s unique business model creates significant shareholder value by providing considerable leverage to increases in the silver price while reducing the downside risks faced by traditional mining companies. Silver Wheaton has an experienced management team with a strong track record of success and is well positioned for further growth.

    For more information on silver streaming and Silver Wheaton’s silver stream agreements, please click here.

    Own physical silver and gold? Visit BullionVault via our link. Note: CashInfo.org will earn commission if you use this link to sign on and trade. You can also visit your local stamps and coinage shop if you want to keep your gold and silver close to you, and store it safely at home.

    Development of the Kitco Gold Index (KGX):

    Correction of gold and silver prices. What now?

    Since last week prices of both silver and gold went into a sharp correction. And that is what it is, a correction!

    This might be the last change to buy in on physical gold and silver and mining stock at reasonable prices. This correction is a healthy step in the way up. The majority of investors are interpeting the GDP data of the U.S.A  totaly wrong. We see  the first signs of inflation in these numbers. And inflation should mean higher prices for gold and silver. The stock markets are experiencing a classic end-of-year rally, and a large correction into the new year is inevitable.

    This week we sold all our shares of International Royalty Company (AMEX:ROY | IRC:TO) @ US$ 7,15 we bought IRC in June (before our website was launched) at a price of $ 3,55 a very nice profit so we think! IRC was the very first company we invested in. You can look into our entire portfolio at http://cashinfo.org/about/

    We wired some of our profits to our gold account at BullionVault.com and will buy gold when once the transfer is complete. Please click our affiliate banner below to find out how this company works by receiving a free gram of gold to practice with! Note: If you sign up via the banner below CashInfo.org will earn commission if you fund your account and start trading.

    Buy gold Today. Get a free gram of gold!

    There are some interesting companies we are following at the moment. When we decide to invest in one of these companies we will let you know immediately on this website!