Risk on – Gold, Silver, Copper
Commodity bulls said “Game on” this week as Fed chairman Ben Bernanke announced the interest rates would be kept low into 2014. This caused quite the move in precious metals with gold finishing the week well over $1700 again at $1737 per ounce. Silver has also had a big move to the upside closing in on $34 per ounce. Dr copper is getting close to the $4 level again. Natural gas also had a move upwards after US president Obama had his talk on the state of the union. I believe natural gas is headed much lower into the $1 range and would not be a buyer of any natural gas stocks at this time.
A move in metals is very positive for the junior resource sector. I attended the Cambridge House show in Vancouver last weekend. The show was well attended on both days and they had 8000 people registered.
Cheers
Categories: Stock Tips Tags: copper, gold, natural gas, obama, silver
Junior Resource Stocks – Uranium stocks
I have started to see some moves in some junior mining stocks. This is a positive sign for the sector in my opinion. It is good to see a little money coming back into the sector.
Uranium stocks have been moving nicely over the last little while.
A few stocks with nice moves.
UGD – gold junior stock (tsxv) – nearly doubled off drill results in day to 33 cents – Unigold drills 73 m of 2.36 g/t Au at Neita
NFR – gold junior stock (tsxv) – Nice move today off an updated resource calculation. Northern Freegold’s Revenue at 3.7 Moz of 1.1 g/t AuEq
GCU – gold junior stock (tsxv) – Gold Canyon Resources..up 25% today. No news. Proving up a nice size resource.
MMT – oil junior (tsxv) – Hit a 52wk high the other day. Watch this one for news soon. Undervalued in my opinion.
Cheers Admin
Categories: Stock Tips Tags: gold, gold junior stock, junior mining stocks, junior resource stocks, oil junior, uranium stocks
Gold back over $1600
A strong move upwards in all commodities happening here in the first trading day of 2012.
You will notice the US dollar is down.
Gold $1602 up $35
Silver $29.69 up $1.35
Oil $102.60 up $3.77
Happy 2012,
Admin
Categories: Stock Tips Tags: commodities, gold, silver, us dollar
