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Tag Archives: mining

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.

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%.

GOLD: MAJOR TOP FORMING

Gold and gold-mining stocks are nearing an important peak. I can’t say yet whether it’s the final top of the four-year bull market for the Midas metal, but a sharp drop is coming soon — a drop well worth avoiding if you own gold-related assets, and worth exploiting on the short side if you’re a speculator.