Kitco News

Gold continues to consolidate and form a base at higher pricing

Common Stock Warrants, Dudley's Reports, Kitco.com, News-Blog /

By Dudley Pierce Baker http://CommonStockWarrants.com Gold is no longer consolidating – gold this morning is following up on strong overnight trading and this morning is adding on to those gains – gold is up $24 to $1992 as we go to print. And the USD continues to decline and now is at 91.91. After the close on Monday, Gary Wagner writing for Kitco.com had a great chart on the coming breakout on gold. I had the opportunity to visit with Gary in Hawaii several years ago and have always enjoyed following him on Kitco.com. In overnight trading gold has broken out of this consolidation pattern which we had predicted in my article on Monday afternoon: Subscriber Alert: Gold & Silver Miners Should Be Bought NOW! Discovering the best investment opportunities is not an easy task and I am here to assist you with your decisions. Subscribers to my services at  http://CommonStockWarrants.com realize that they can have access to my entire portfolio, which includes the shares of numerous miners as well as my stock warrant positions.  My personal goal is to make money and lots of it in this bull market. If a company I like has stock warrants trading and the terms look good, I will buy the warrants. But it is always the company first, you must like the company and the prospects for higher prices. Many of my positions are in the shares of the junior miners and they are on the verge of exploding higher, soon! I welcome … Continue reading →

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The Curse Of PDAC (2019) One Day Early

Bob Hoye, Common Stock Warrants, Dudley's Portfolio, Dudley's Reports, News-Blog, PDAC 2019, The Curse of PDAC /

By Dudley Pierce Baker Founder – Editor Common Stock Warrants Junior Mining News Are you superstitious? Seems this ‘curse’ appears every year as investors, mining executives, newsletter writers, etc. prepare for the big event – The Prospectors & Developers Association of Canada Convention (PDAC) PDAC started today March 3 and runs through March 6 in Toronto, Canada. Sometimes the mining sector is rallying just before the convention but in 2019, gold and the miners have been slowly declining the last week or two, but on Friday, March 1st, gold took a big hit and was down $20 to close at $1293. Silver also sold off and was down .39 to close at $15.19. Of course this seems most years to temper the enthusiasm of all attendees and it now 2019 will not be any different. In 2011 the Financial Post had an article on the curse: “The annual Prospectors & Developers Association of Canada Convention might be the most anticipated event of the year for the global mining community, but it hasn’t always been the most rewarding one for investors. The TSX Venture exchange, home to a slew of junior miners, has tended to outperform in the months leading up to the convention but drastically underperform in the months after.” In 2016 – Can The Market Survive the PDAC Curse? (Kitco.com) “I think we have seen things move pretty hard in one direction so it makes sense to see a pullback,” said Brent Cook, author of the newsletter Exploration insights. … Continue reading →

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