Archive

Archive for July, 2010

Five Signs Telling Me the Bear Market Is Back

By Claus Vogt, moneyandmarkets.com

The stock market’s rise since the March 2009 lows was nothing more than a bear market rally. Yes, it was a huge rally, but not out of the realm of similar historical examples. Low trading volume, still high valuations and lingering economic problems — especially within the real estate sector and the banking system — have been strong arguments for my outlook. And the history of burst real estate bubbles could serve as a blueprint for our current dilemma. Read more…

Gold & Gold Stocks are the Last Hope for Most

July 7th, 2010 No comments

By Jordan Roy-Byrne, CMT, The Daily Gold

Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but twice in the last ten years, your advisor tells you its time to play it safe. You need to save more. Read more…

SP-500, GLD and GDX – Down More or Now Up?

July 7th, 2010 No comments

By John Townsend, The TSI Trader

On Tuesday afternoon the markets continued to sell off – still. It seems like it will never end. Big red candles on every chart I look. The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized as ticking time bombs and opinion that we are headed for another Great Depression. Read more…

6 Months til Largest Tax Hike in US History

July 6th, 2010 No comments

Well, it looks like it will not be too long before taxes start going up here in the United States. This is one of the primary reasons cited for expatriation in the article, 10 Benefits of (Exiting the US) Expatriation. I believe that Federal, State, & local governments don’t have much of a choice anymore but to raise taxes consistently from here on out as they become more desperate to replace lost revenues from the effects of a sick economy. I am willing to bet that steady tax increases (even new taxes) are certainly in the cards for US citizens and businesses no matter which party is in power. Anyway, the following article is a good read, I am not too sure though that some of our desperate congress folks looking to get re-elected this fall will not come in and delay some of the taxes to a further date in the future instead of Jan 1, 2011. Read more…

Bears Beware

July 3rd, 2010 4 comments

By Toby Connor, GoldScents

I’m going to go through some signs that rabid bears might do well to pay attention to because I think the market is very close to a major bottom.  (That doesn’t mean we are guaranteed to make new highs, although we might.  Just that we can probably expect an explosive rally soon, even if it ultimately turns out to be a counter trend rally in an ongoing bear market). Read more…

Metanor Resources Update 7-2-2010

July 2nd, 2010 No comments

MiningMarketWatch.net recently sent an update on Metanor Resources, which is one of my top penny mining stock picks. Metanor has exceptional management, great upside potential, and is a gold producer. Cash cost per ounce should be around $US 500 per ounce. I don’t of too many new gold producers you can buy today with a 1Moz+ gold resource, targeted to produce 60K-70K ounces of gold per year, with a cash cost of just $500 dollars,  run by a great management team , and you can buy for about 50 cents/share. If you do, then please let me know. For more information, see Metanor Resources Trading Card for my complete review. Read more…

Petaquilla Minerals Financing Update

July 1st, 2010 No comments

I wanted to relay a brief update I recently received from Petaquilla Minerals regarding their refinancing status. As many of you know, this is a very big deal they need to close in order to really get the share price going in the right direction. Many people have wondered when will they complete the refinancing, will they complete it, and why is it taking so long? Apparently Petaquilla is ready to provide a status update in the form of a company news release soon. Below is the most recent message I have received from Petaquilla’s Investor Relations. Read more…

SILVER SUPPLY & DEMAND – GoldSilver DVD

July 1st, 2010 No comments