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…

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…

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…

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…

By Jordan Roy-Byrne, CMT

In covering the gold sector for my premium subscribers, I have noticed something lately. The large-caps really suck! Ok, that is harsh but it is the truth. In the chart below I show large-cap indices. What do you see? Read more…

Congratulations to all Timmins Gold investors. I had recommended Timmins Gold on February 7th, 2010 in my Timmins Gold Trading Card when its share price was only $1.13. This Canadian junior mining company is one of the lowest cost gold producers around and is currently ramping up to full production. Today Timmins closed at $2.44, an 116% increase since my recommendation! Not a bad a return… but hold on there is still more to come. Read more…

As you know, Timmins Gold recently went public with their various attempts to merge with Capital Gold. After repeatedly getting the cold shoulder from Capital Gold on their proposals, Timmins decided to bring the matter public and more importantly to the attention of Capital Gold share holders. It turns out that Capital Gold’s management was giving Timmins the cold shoulder because they were apparently already in bed with Gammon Gold which later made an offer that was accepted by Capital Gold’s management. It would seem that we have come to the end of this chapter, but really we’ve only just turned the page….. Read more…

At last, Petaquilla Minerals has closed the DB refinancing deal. This has been a very long process that has tested the patience of many long-term share holders. This is obviously a huge vote of confidence in a small junior mining company down in Panama. I expect this closing to help legitimize PTQ’s operations in the eyes of potential investors still sitting on the fence. Read more…