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Tag Archives: bullion

A Play on Fed Easing

After the sharp sell-off that has hit them in recent months, I’m warming to the precious metals stocks again. If I’m right that the Federal Reserve will cut interest rates sometime in the first half of 2007, gold-related investments (silver, too) should perk up.

What Does Gold See?

Several readers have been kind enough to point out that I missed the boat with my call for a top in gold at the end of November. (Bullion prices have continued to shoot up, closing today at $566 an ounce, another 25-year peak.) Whenever a market seems to defy normal patterns, it’s worth asking why.

Golden Alarm Bells

The gold market is giving Alan Greenspan a run for his (depreciated) money. Bullion soared to $455 an ounce in New York today, just shy of a 17-year peak. With the surge of buying we’ve seen lately from Asia (especially India), I certainly can’t rule out the possibility that the Midas metal will scale even greater heights in the days ahead.

All's Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.

All’s Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.

NEW GOLD FUND ON TAP

At long last, the SEC is on the verge of approving the launch of a gold-based exchange-traded fund (ETF). I first reported on this path-breaking product almost 16 months ago. It’s an ETF that will own gold bullion, not mining shares.

Coming Up Golden

Gold and gold stocks are beginning to shine again. Friday, the Amex Gold Bugs Index soared 7.9% after Newmont Mining (NYSE: NEM) reported better than expected quarterly earnings. Gold bullion also tacked on a modest advance Friday (to $331.5 an ounce on New York’s Comex, up $3.10). Bullion is moving higher in the early going this morning.