GoldStockMania.com

By Jordan Roy-Byrne, CMT

Gold is in a bull market and so are the gold stocks despite their struggle as a group to outperform Gold. This is nothing new though. We’ve written about this in the past and Steve Saville has before us. Nevertheless, the miners are in a secular bull market and investors need to pick better stocks and ignore the hundreds of losers. The bull market is moving forward but is nowhere close to a bubble nor the speculative zeal we saw in 2006-2007. Thus, it begs the question of what lies ahead and when can we expect the initial stages of a bubble. Read more…

By Jordan Roy-Byrne, CMT

In our most recent commentary we wrote about the relative strength in the gold equities. Gold equities have not only bucked the downtrend in the equity markets but in relative terms are breaking to new highs against equity indices. In the chart below we plot precious metals prices, GDX versus the Morgan Stanley World Index and GDX versus the S&P 500. We highlight how each performed during bear markets. Other than in the crash in 2008, precious metals and the equities have performed quite well during times of struggle for conventional stocks. Read more…

I generally don’t post much information about political candidates on GoldStockMania.com. However, I am going to make an exception for 2012 Presidential candidate Ron Paul. If there ever was a candidate for the people, for an honest monetary system including gold & silver, pro abolishing the IRS and the federal income tax, pro citizen privacy, pro US Constitution, etc., then Ron Paul is that candidate. The mainstream media continues to almost completely blackout his campaign in attempt to prevent people from hearing his message. Jon Stewart from the Daily Show does a great job of exposing the Ron Paul Media Blackout. See this short video below, where Jon makes it all to obvious. Read more…

By Jordan Roy-Byrne, CMT

Gold looks fantastic. It is breaking away from a consolidation which could be called a running correction. Two weeks ago Gold broke to a new high. Last week Gold retested the breakout and then advanced to another new high at the end of the week. Its textbook bullish action. Yet the gold shares have really struggled. Read more…

Here is an interesting chart that compares some historical Dow Jones Industrial Average market data from the 1938 crash to our current DIJA market. It looks the Dow is ready to take a dive off of a cliff. The current Dow has pretty much already retraced the historical 1938-1940 data. By my estimates, we should be heading for a 35% market correction somewhere between now and April 2011. Be careful out there, things could a bit rocky… Read more…

Well Vietnam is at it again trying to force its citizens to use the Vietnamese dong instead of competing alternatives like gold and the US Dollar. I just wrote about this in my article ,Vietnam Eyes Ban on Unofficial Gold Bullion Trade, but there is a new twist now. They are now arresting citizens and confiscating their dollars! This is just further proof what desperate governments will do when backed into a corner. There are many people who say that the US will never confiscate gold again. Never say never. It will be interesting to see what the US does do when the US Dollar loses its world reserve currency status in the not to distant future. Read more…

Last week I sent out a brief update to my newsletter subscribers that I sold all of my Petaquilla Minerals (PTQ, PTQMF) shares. Make no mistake, I believe Petaquilla still has enormous upside potential. However, the rapidly changing political situation in Panama is both alarming and potentially dangerous for investors. I have made a considerable amount of money already off of my Petaquilla investment and did not want to give it back because of the growing anti-mining sentiment there. I rather take my profit off the table and put my money to work in numerous other places before I watch it go up in smoke. Read more…

Timmins Gold, one of my favorite Canadian junior mining companies, released their 3rd quarter operating and Financial results today and they are looking pretty good. They netted a profit of US $16 million before taxes and sold 20,000 of gold at a cost per ounce of just US $439! Now you can see why I highly recommended Timmins Gold back on February 7th, 2010 in my Timmins Gold Trading Card when its share price was only $1.13. Congratulations to the Timmins management and fellow shareholders for a job well done. Please let the excellence continue. Read more…

Here is another recent example of what desperate governments attempt to do when they are caught between a rock and a hard place. Viet Nam’s currency is in a lot of trouble and has thus forced many of their citizens to turn to gold, which people tend to do in times of uncertainty unless you live in the US . Anyway, I would use this as a reminder to never keep all of your bullion in one place because you never know what a desperate government will try to do like this latest example or earlier examples like when gold confiscation happened in the US.

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As expected, Petaquilla’s share holders approved the private placement yesterday. Now let the fun and games begin as PTQ should be debt free! I get the feeling that things will get a lot more interesting and profitable from this point forward. It’s hard to believe that PTQ is still trading at just over a dollar. Read more…