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Market Wrap for Friday, May 17: Stocks Gain on Late Day Rally

Fri, 17 May 2013 16:25:21 -0400

Markets surged Friday afternoon, bringing the Dow near a record high at 15,354.40.

The S&P 500 closed up almost one percent, with the Nasdaq up slightly more than that.

The rise in stock prices this week can be largely attributed to the end of earnings season, job numbers, and positive information from

Copper WAY Outperforming Gold & Silver !!

Fri, 17 May 2013 13:51:09 -0400

Year-to-date Gold is down 17%, Silver 28% and Copper 7%. Copper is still comfortably above $3 per lb, at $3.3 today, while Gold is well below $1,400 per ounce and Silver below $23 per ounce. Reuters, May 17, 2013 London – Copper rose for a second day on Friday, supported by tentative signs of better [...]

The FED'S EXIT-From Wolf on Wall Street-Also Sunday Night Futures

Sun, 12 May 2013 23:01:09 -0400

This is a typical Sunday night post, but with some of our longer term views and positioning and many of our longer term theories being validated... From, Wolf on Wall Street (click the link above for more information on our member's site) Wolf on Wall Street Analysis Sunday, May 12, 2013 10:45 p.m. by: Brandt I posted a log of charts Friday, I hope you had time to take a look at them

High Yield Gold Stocks: Time for a Rebound?

Sat, 11 May 2013 13:40:00 -0400

Gold has been hit hard recently, and in mid April, the price of gold dropped like a 50 pound nugget. In the last six months, the SPDR Gold Shares (GLD) tanked by over 16.6%. Many gold bugs believe that the selling pressure on gold is off now, and that a continuation of the little rebound during the last half of April is in the works. stocks have almost doubled and in some cases more than doubled.

Investors who are looking to get in to the gold market now have an interesting opportunity, as yields on the gold mining stocks have almost doubled, and in some cases, more than doubled. According to the free list of high yield gold mining stocks at WallStreetNewsNetwork.com, there are over 20 gold stocks that pay dividends.

Freeport-McMoRan Copper & Gold (FCX) is the big player in the precious metals arena, mining for copper, gold, molybdenum, cobalt, silver, and many other metals. It happens to be the world's largest publicly traded copper company. This Phoenix Arizona based company has operations in North America, South America, Indonesia, and Africa. The stock trades at 10.6 times trailing earnings and 7.7 times forward earnings. Earnings for the latest quarter were down about 15% on relatively flat revenues. The stock pays a very generous 4.0% yield, and dividends are paid quarterly. James R. Moffett, Chairman of the Board, and Richard C. Adkerson, President and Chief Executive Officer, said,

"Our first-quarter results reflect our focus on strong and safe production, aggressive cost management and advancing financially attractive projects to grow our copper production, increase cash flows and provide strong returns for shareholders."

One issue that investors should be aware of is that Freeport is moving more into the oil and gas industry through its acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co.

Another high yield gold company is Yamana Gold, Inc. (AUY), a Toronto, Ontario, Canada based company involved in the exploration and production of gold, copper, molybdenum, zinc, and silver, from its properties in Brazil, Chile, Argentina, and Mexico. The stokc trades at 24 times trailing earnings and 11.2 times forward earnings. The latest quarterly earnings were down 40% on a 4.4% reduction in revenues. The dividends are much higher than a current bank certificate of deposti, as the stock currently yields 2.2%. Dividends for this company are also paid out quarterly.

The yields on these stocks can help reduce some of the volatility and return capital faster. However, if the price of gold doesn't stabilize and begin to increase, the gold mining stocks can suffer even more than they have been lately. For a list of the other high yield gold mining stocks, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

David Smith | Ammo In Financial Wars

Tue, 07 May 2013 15:13:00 -0400

Will precious metal supplies keep up to the demand?

This Week in Money

Sat, 04 May 2013 18:00:31 -0400

Gerald Celente - The year's top trends. Sean Brodrick - Gold and Silver update

Precious Metals Look Golden For Market Bears

Fri, 03 May 2013 09:00:18 -0400

Investing in precious metals has become an extremely popular choice for equity investors looking to hedge their portfolios. Generally, this commodity class has gained the reputation as a “safe haven” holding during volatile market periods, but recently precious metals have flipped sides and saw a period of relatively high correlation to equities [see also 2013 Commodity Trades You Wish You Made].

See the full story here →

Guatemalan Gov’t Declares State of Emergency Over Anti-Mining Riots

Thu, 02 May 2013 18:25:44 -0400

Tahoe Resourcess is a $2 billion market cap silver miner in Mexico. Tensions are heating up big time in Guatemala where Tahoe has a major project underway. As this article from Mining.com says, the Guatemalan gov’t declared a state of emergency today. Other miners with operations in the country include Goldcorp’s Cerro Blanco gold mine [...]

David Smith | Precious Metals More Secure Over Long Term

Wed, 01 May 2013 19:59:48 -0400

Think: Gold = Money, Paper = Currency

STTG Market Recap May 1, 2013

Wed, 01 May 2013 17:23:48 -0400

Markets came into today's session overbought near term but bulls would have preferred more of a sideways/mild down sort of day. Instead there was a relatively serious selloff. It was not seen as much in the major indexes which were down 0.93% for the S&P 500 and 0.89% for the NASDAQ, but that small cap Russell 2000 was crushed to the tune 2.45%. Further a lot of sectors had what is called a bearish engulfing candle which is simply when one days range totally engulfs a series of other days and closes at or near lows. The market remains tricky even as it grinds ever upward. Today's culprit was some poor data from China overnight which started the negative tone, followed by some disappointing U.S. data which finally mattered to the market for more than 60 minutes.

Original post: STTG Market Recap May 1, 2013

Gold, Silver ETFs Fall After Record Monthly Outflows

Wed, 01 May 2013 12:13:58 -0400

Silver led industrial and precious metals lower on Wednesday as markets awaited the Federal Reserve announcement. The iShares Silver Trust (NYSEArca: SLV) fell 4% in afternoon trading while SPDR Gold Shares (NYSEArca: GLD) was off about 2% following data pointing to slowing economies in the U.S....

Counterfeit Gold and Silver Coins, Buyer Beware

Wed, 01 May 2013 09:29:03 -0400

Please click on link. As counterfeits are increasingly taken from the market, that too should tighten the supply/demand balance. Importantly, counterfeits are not difficult to detect by dealers who know to look out for them.

ETF Investors Buy Platinum, Palladium and Silver — Sell Gold

Tue, 30 Apr 2013 10:04:13 -0400

A number of disappointing data releases led investors to pare back expectations for global growth. US Q1 GDP printed at 2.5% on Friday, falling short of the 3.0% expected; the HBSC flash Chinese manufacturing PMI fell to 50.4 in April from 51.6 in March; and the German IFO business climate fell to...

2013 Commodity Trades You Wish You Made

Tue, 30 Apr 2013 09:00:12 -0400

The phrase “hindsight is always 20/20″ is most applicable to investors. There are numerous occasions when traders wish they would have followed their gut or executed a specific position, especially looking back on the gains that certain assets have made. It is relatively easy to make a bold call on a specific asset, but it is much more difficult to follow through with the trade and exit the position at the proper moment. With 2013 already being a wild year in the commodity world, we take a look back at some of the most fruitful trades throughout the industry thus far [for more commodity news and analysis subscribe to our free newsletter]. See the full story here →

Gold ETF Prices Boosted by Surge in Physical Demand

Mon, 29 Apr 2013 13:22:49 -0400

Precious metal prices partly recovered their recent losses last week, as depressed price levels were perceived as an attractive entry point by physical buyers and bargain hunters. The longer-term fundamental outlook for gold has not changed and appears robust in our view, despite the sharp falls...

A Look at Wolf on Wall Street's Pre-MArket Analysis for the Market Averages, Currency and Precious Metals

Mon, 29 Apr 2013 09:41:46 -0400

We have been on fire, catching every move before anyone else like our 1-day GLD and SLV calls last week that made 93% and 95% respectively in a single day, in fact our returns and rankings prove this. Here's a look...Our weekly and monthly Options Tracking portfolio rank and return posted @ Wolf on Wall Street Friday afternoon... Our weekly rank is #2 of 842 competing portfolios with a

[TaM-1275] The Truth About Markets – 27 April 2013

Sat, 27 Apr 2013 14:39:10 -0400

Download show here For more download and listening options, visit Archive dot org

SLV (Silver) and GLD (Gold) Gains From Closed Trades Today From Wolf on Wall Street

Thu, 25 Apr 2013 19:04:05 -0400

Recent Closed Trades from Wolf on Wall Street (click the link above for more information) Gold and Silver (opened Wednesday) Closed Today- P/L The SLV 22 Calls from yesterday yielded a gain of +95% for a day. The GLD May 10 $130 Calls yielded a gain of 93% As for the charts, my belief is we have much more upside to go, but that it's also probable to

Silver 1-Day Trade Makes A 65% Gain

Thu, 25 Apr 2013 12:34:42 -0400

This is a follow up post from just minutes ago with regard to a SLV (options) Call position opened yesterday and closed today, from Wolf on Wall Street SLV P/L & Charts Posted by:Brandt April 25th, 2013 12:24 p.m. Here's the P/L for the SLV May 10th/$22 Calls we opened yesterday At the fill, the P/L on the position for 1 day is 65+% That keeps our Options Tracking

Shortages of Physical Gold and Silver a Global Phenomenon

Thu, 25 Apr 2013 08:24:57 -0400

Shortages of physical gold now a global phenomenon Author: Lawrence Williams Posted: Thursday , 25 Apr 2013 DUNS, SCOTLAND (Mineweb) – Those who precipitated the recent fall in the gold price may have unleashed a beast that will put future efforts at market manipulation way out of their control. Physical metal is now seemingly becoming [...]

5 Factors That Will Push Silver to $250 an Ounce

Thu, 25 Apr 2013 05:00:07 -0400

All bull markets go through periods of consolidations and corrections. And precious metals are no exception.

There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.

Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact. But volatility works both ways, so when silver rises, its price can explode higher.

That's exactly what happened in April 2011, when silver prices rose by 170% in the space of just 7 months. That's why silver investors say investing in silver is like buying "gold on steroids."

And right now, it looks like the silver market is on the cusp of doing the same thing all over again. According to our research, the next stop could be $40 by year's end, and $60 by the end of 2014. And much higher after that.

Here are five key factors that will drive silver higher - significantly higher - in coming years.

To continue reading, please click here…

David Smith | Precious Metal Market Prices Unrealistic

Wed, 24 Apr 2013 14:13:02 -0400

Expect to pay more than the spot price for precious metals

As Gold Prices Fell, Gold Suppliers Ran Out of Coins and Bars

Wed, 24 Apr 2013 08:54:46 -0400

No Time to Relax, More Significant Correction May Be in the Works

Wed, 24 Apr 2013 06:39:18 -0400

Gold ETFs Stabilize After Sharp Fall

Mon, 22 Apr 2013 13:45:17 -0400

Precious metal prices and ETFs plummeted early last week before stabilizing at new weekly lows for the year. The price declines were led by gold, with negative sentiment quickly spreading across all precious metals and some risk assets. Gold fell 8.5%, silver (traditionally a more volatile asset)...

Bargain Hunting in Copper, Silver ETFs

Mon, 22 Apr 2013 11:45:58 -0400

Fears over a premature withdrawal of central bank stimulus and a softer economic outlook for the Chinese economy hit a number of commodity sectors last week. Concerns about demand weakness in China appear overdone and cyclical commodities may see some support in coming weeks as investors become...

This Week in Money

Sat, 20 Apr 2013 18:30:55 -0400

Mike Swanson – Gold’s meltdown David Morgan – What really happened? David Skarica – What’s next?

STTG Market Recap Apr 19, 2013

Fri, 19 Apr 2013 17:47:03 -0400

Final Survey Reminder from Blain: The Q1 2013 Reader Satisfaction Survey will be open through the end of the weekend in case you have not taken it yet. Thank you in advance for helping us keep our Daily Market Recaps great.The McClellan Oscillator continues to be a crude but handy tool in alerting us of short term exhaustion points of selling. Friday was no different. Despite a big miss by IBM the Dow Jones Industrial Average finished in the green (barely) and continued its streak of not having a single 3 day losing streak in 2013. Considering that company is by far the largest weight in the 30 company index, that is a minor miracle - the Dow finished up 0.07%. The S&P 500 0.88% and the NASDAQ 1.25% to cut losses in what was otherwise the weakest week of the year. For the week the S&P 500 was down 2.1% and the NASDAQ 2.7%. Without major economic news most of the gain was due to stock specific gains such as those in Google (GOOG), Microsoft (MSFT) and the large cap biotech companies which rebounded sharply after their one day of major losses Thursday.

Original post: STTG Market Recap Apr 19, 2013

Gold Slump Weighs Heavily on Precious Metal Miner ETFs

Fri, 19 Apr 2013 13:21:21 -0400

The precious metals exchange traded fund market is taking a beating as gold prices slump and most precious metal mining companies take heavy losses. The worst performing miner exchange traded fund is Global X Gold Explorers ETF (NYSEArca: GLDX), down 33.4% over the past month. Gold equities are...

Amid Metals Crash, Credit Suisse Launches ‘Covered Call’ Silver ETN

Thu, 18 Apr 2013 16:00:13 -0400

With an uncertain outlook on the precious metals market, Credit Suisse has launched a silver exchange traded note that could provide some downside protection by generating income through a covered call options strategy. On Wednesday, April 17, the Credit Suisse Silver Shares Covered Call ETN...

Will Silver Prices Keep Falling?

Tue, 16 Apr 2013 17:07:15 -0400

As gold prices plummeted $200 in two days, silver prices fell about 14%, or $4, to below $24 an ounce.

Our Money Morning resources expert Peter Krauth explained the reasons behind gold's fall, so we went back to him to find out the deal with silver prices. Will silver keep falling? Is it a buy at the lower levels?

Here's what Krauth offered for investors.

Money Morning Staff: Peter, are silver prices falling because gold fell, or are there other factors at play here?

Peter Krauth: There are two factors.The first is that silver follows gold rather closely, and usually amplifies its behavior, both up and down. However, it can and does sometimes detach from gold and behave independently, but this is more of a rarity.

The second is silver's industrial demand.

To continue reading, please click here...

David Smith | Precious Metals To Drop To Zero?

Tue, 16 Apr 2013 16:17:45 -0400

Time to bail from precious metals, or time to pounce?

STTG Market Recap Apr 15, 2013

Mon, 15 Apr 2013 17:50:36 -0400

Monday was a troubling day on many fronts. Stocks opened down mildly on some weak data out of China but selling pressure built all day as the extreme selling in precious metals carried over to equities. Then late in the day the bombs in Boston hit the news which pressured the markets to another leg down. All in all, it was the worst session since late February, and took the S&P 500 to the key support trend line it has bounced off four times since November 2012. We shall see if there is yet another bounce. The S&P 500 fell 2.3% and the NASDAQ 2.38%. The Russell 2000 was much worse, down 3.78%.

Original post: STTG Market Recap Apr 15, 2013

Currency Crisis Continued

Sun, 14 Apr 2013 23:09:29 -0400

Analysis from... Wolf on Wall Street Part Two of Currency Crisis As we continue, let me sum up a possible scenario... 3C has been showing strong, longer term distribution in the market, 3C as well as Don Worden' Money Stream (2 totally different accumulation/distribution indicators) both call the 2007 top and agree about the character of the market from 2009 forward. SPY Daily

This Week in Money

Sat, 13 Apr 2013 18:00:02 -0400

Ross Clark — Gold retreats. click for charts Pamela Aden — Any hope for miners? John Kaiser — Juniors under pressure.

[TaM-1273] The Truth About the Currency Backed By War and Disease

Sat, 13 Apr 2013 14:37:15 -0400

Stacy Summary: This week they discuss the Mt.Gox crash and bitcoin; the massive gold and silver sell-offs and Margaret Thatcher’s death. Download show here For more download & listening options, visit Archive dot org

Friday’s Precious Metals Melt-Down…. How to Manage It!

Fri, 12 Apr 2013 11:35:02 -0400

“WOW” Friday’s Precious Metals Meltdown is an understatement…. I love seeing all this fear in the market and panic selling volume jump through the roof. This is or is the “start” of the washout bottom in metals I have been talking about for a few months. Critical support levels have been broken on gold, silver [...]

Allied Nevada Gold Nails Conference Call, Company Looks Like a No-Brainer Takeout Candidate!

Wed, 10 Apr 2013 13:47:38 -0400

Allied Nevada Gold, (ANV) was up 30% yesterday. The stock had been down 31% from March 27th, the day the Company’s CEO was kicked out. Monday night Allied put out a press release that answered important questions and significantly calmed investor fears. The highlights of the press release and yesterday’s conference call are as follows: [...]

Chile and Barrick Gold Continue to Fight Over Massive Pascua-Lama Gold / Silver Mine

Wed, 10 Apr 2013 13:28:02 -0400

[Investing News Network, April 9, 2013] A Chilean court temporarily suspended the construction of Barrick Gold Corp’s Pascua-Lama gold and silver mine after indigenous communities protested the controversial project was destroying glaciers and harming water supply. The northern court of Copiapo will analyze the communities’ complaints of “environmental irregularities” against the project, which has already [...]

Silver Slaughtered By Selling Pressures

Tue, 09 Apr 2013 09:00:52 -0400

As the global economy continues to trudge forward, precious metals have taken quite a hit. Much ado has been made about gold prices making fresh lows and when the right time is to buy the yellow commodity, but its sister metal, silver, has been somewhat overshadowed, as it too has been faced with a fair amount of selling pressure. This year alone, silver prices have dipped over 11%, with a fair amount of that drop coming in just the last few days [for more silver news and analysis subscribe to our free newsletter]. See the full story here →

Gold ETFs in Focus on Weak Jobs Report, Central Banks

Mon, 08 Apr 2013 11:50:50 -0400

Gold and silver prices rose from multi-month lows as US payrolls surprised to the downside, strengthening the case for on-going Federal Reserve stimulus to support the economic recovery. This development comes close on the heels of last week’s announcement by the European Central Bank (ECB),...

The Truth Behind Today’s Pathetic Jobs Numbers

Fri, 05 Apr 2013 12:09:54 -0400

Why Silver Prices Will Go Higher Despite Bearish Sentiment

Fri, 05 Apr 2013 12:07:43 -0400

Five Things You’ll Need to Survive the Debt Crisis

Fri, 05 Apr 2013 08:42:46 -0400

Gold’s Decade-Long Reign Near an End?

Fri, 05 Apr 2013 08:33:19 -0400

What Will It Take for Silver to Snap out of Its Coma?

Thu, 04 Apr 2013 07:59:14 -0400

Silver ETF Lowest Since August 2012 Amid Commodity Slump

Tue, 02 Apr 2013 09:57:32 -0400

Silver ETFs have fallen to their lowest levels in over seven months as a recent smackdown in commodities suggests natural resource investors are concerned about global growth despite the S&P 500 rising to new all-time highs. The $9.9 billion iShares Silver Trust (NYSEArca: SLV) was off 1.7% in...

Labor Unrest in Chile For The World’s Largest Copper Producer, Codelco

Tue, 02 Apr 2013 08:25:50 -0400

The following article from Mining.com tells a familiar story of labor unrest at a mining operation. However, this particular event happens to be at the largest copper mine in the world, in Chile. Recall, Chile is supposed to be a very safe jurisdiction to conduct business. So, the trend continues, formerly safe-haven mining countries / [...]

A Brief 2000-Year History Of Copper Prices

Fri, 29 Mar 2013 09:00:06 -0400

We have previously talked about the historical use and value of gold and silver, and now we turn to copper. Right off the bat, copper is a very different metal. Like gold, it’s easy to work with for relatively simple tools and technologies, but unlike gold, copper was (and is) quite common and easy to find. Copper has been mined and used for at least 10,000 years and likely vied with meteoric iron as the metal most used in tools [for more copper news and analysis subscribe to our free newsletter]. See the full story here →

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STTG Market Recap Mar 28, 2013

Thu, 28 Mar 2013 18:29:57 -0400

Finally. After pushing and prodding for three weeks the S&P 500 finally broke over those 2007 closing highs. While it wasn't a barn burner and much of the day's gains came (again) in the closing minutes, beggers can't be choosers. The S&P 500 gained 0.41% and the NASDAQ 0.34%. This despite some lagging economic data on the day. This closed out another great first quarter (much like 2011 and 2012); the question will be do the gains just continue or do we get similar corrections as we saw the previous two years. We should see some hints of this during earnings season that begins in a few weeks. For the quarter the S&P 500 gained 10.0% and the NASDAQ 8.2%; that's considered a good year so to get that much in 3 months is a boon. The DJIA - which we don't discuss that much - was up a whopping 11.25% as the "old and boring" type of stocks were the kings of the first quarter. Fun fact - the DJIA has never finished a year in negative territory when the first quarter is up at least 8%.

Original post: STTG Market Recap Mar 28, 2013

News About

Market Wrap for Friday, May 17: Stocks Gain on Late Day Rally

Copper WAY Outperforming Gold & Silver !!

The FED'S EXIT-From Wolf on Wall Street-Also Sunday Night Futures

High Yield Gold Stocks: Time for a Rebound?

David Smith | Ammo In Financial Wars

This Week in Money

Precious Metals Look Golden For Market Bears

Related Posts:

Guatemalan Gov’t Declares State of Emergency Over Anti-Mining Riots

David Smith | Precious Metals More Secure Over Long Term

STTG Market Recap May 1, 2013

Gold, Silver ETFs Fall After Record Monthly Outflows

Counterfeit Gold and Silver Coins, Buyer Beware

ETF Investors Buy Platinum, Palladium and Silver — Sell Gold

2013 Commodity Trades You Wish You Made

Related Posts:

Gold ETF Prices Boosted by Surge in Physical Demand

A Look at Wolf on Wall Street's Pre-MArket Analysis for the Market Averages, Currency and Precious Metals

[TaM-1275] The Truth About Markets – 27 April 2013

SLV (Silver) and GLD (Gold) Gains From Closed Trades Today From Wolf on Wall Street

Silver 1-Day Trade Makes A 65% Gain

Shortages of Physical Gold and Silver a Global Phenomenon

5 Factors That Will Push Silver to $250 an Ounce

David Smith | Precious Metal Market Prices Unrealistic

As Gold Prices Fell, Gold Suppliers Ran Out of Coins and Bars

No Time to Relax, More Significant Correction May Be in the Works

Gold ETFs Stabilize After Sharp Fall

Bargain Hunting in Copper, Silver ETFs

This Week in Money

STTG Market Recap Apr 19, 2013

Gold Slump Weighs Heavily on Precious Metal Miner ETFs

Amid Metals Crash, Credit Suisse Launches ‘Covered Call’ Silver ETN

Will Silver Prices Keep Falling?

David Smith | Precious Metals To Drop To Zero?

STTG Market Recap Apr 15, 2013

Currency Crisis Continued

This Week in Money

[TaM-1273] The Truth About the Currency Backed By War and Disease

Friday’s Precious Metals Melt-Down…. How to Manage It!

Allied Nevada Gold Nails Conference Call, Company Looks Like a No-Brainer Takeout Candidate!

Chile and Barrick Gold Continue to Fight Over Massive Pascua-Lama Gold / Silver Mine

Silver Slaughtered By Selling Pressures

Related Posts:

Gold ETFs in Focus on Weak Jobs Report, Central Banks

The Truth Behind Today’s Pathetic Jobs Numbers

Why Silver Prices Will Go Higher Despite Bearish Sentiment

Five Things You’ll Need to Survive the Debt Crisis

Gold’s Decade-Long Reign Near an End?

What Will It Take for Silver to Snap out of Its Coma?

Silver ETF Lowest Since August 2012 Amid Commodity Slump

Labor Unrest in Chile For The World’s Largest Copper Producer, Codelco

A Brief 2000-Year History Of Copper Prices

Related Posts:

STTG Market Recap Mar 28, 2013