March 4, 2010

All Systems are Go for Launch

Filed under: Precious Metals Commentary — Tags: Euro, gold, mining stocks, silver, US Dollar — Strawboss @ 6:37 AM

The US Dollar is facing severe headwinds as it tries desperately to continue its ascent – not as a safe haven per se, but, as the “anti-Euro”. The problem is that structurally, it is in worse shape than the Euro and with each passing day, more and more people are becoming aware of that. Buyers seeking safety are being met with sellers in force that are looking to capitalize on the ignorance of those that are running to the dollar thinking it is a safe harbor.

The true “safety” play – the only currency that is not anothers obligation is gold (and silver). And they are looking very, very good technically. I am kicking myself as I sold some positions at the end of last week thinking we were going to get another correction in a range trade, only to have price move up and out of the range. A lesson to be learned is that sometimes you can outsmart yourself and that sometimes it is better to sit in your position and ride the ups and downs instead of trying to time every single move in the market.

In the past few months, gold has been facing headwinds to its ascent because on a monthly chart, gold has been correcting, and the technical indicators have been bleeding. That is about to change and we are very close to getting confirmation of an upside crossover on the technical. That is extemely significant because very large monied interests allocate their positions based on the monthly charts, and when they enter a market as small as gold, price responds – very favorably. I expect that to happen in the next few weeks.

If you are like me and want to build more positions the strategy I am using is to enter in tranches on dips in price – use any price weakness as an opportunity to enter. The mining shares are a mixed bag – some look very, very good – others not so good.

I have various reports that are designed to help traders/investors to pick stocks in the mining sector. I would encourage you to consider one or more of them to assist you:

The Gold Mining Report

The Gold Mining Report is full of actionable intelligence designed for sophisticated investors. Delivered weekly, this report provides in depth analysis, graphs and charts of various major and junior gold mining companies. Companies with experienced management, proven and probable reserves, healthy balance sheets (with zero or minimal embedded derivative risks) in politically stable regions are going to do very, very well in the coming years. Our in depth research provides you with real time information, so you can position yourself to benefit from upcoming moves and trends.

The Silver Mining Report

Just like its big brother, The Silver Mining Report is full of actionable intelligence designed for sophisticated investors. Delivered weekly, this report provides in depth analysis, graphs and charts of various major and junior silver mining companies. Companies with experienced management, proven and probable reserves, healthy balance sheets (with zero or minimal embedded derivative risks) in politically stable regions are going to do very, very well in the coming years. Our in depth research provides you with real time information, so you can position yourself to benefit from upcoming moves and trends.

The Explorers

The Explorers is a report delivered monthly. As the name implies, this report is dedicated to research and analysis on the mining companies actively engaged in exploration and development, but, are not yet producers. The biggest homeruns in this bull market will come from this category. For every homerun, there will be many strikeouts. Our research is designed to enable you to hit more homeruns and avoid the strikeouts.

If you believe like we do that this gold and silver bull market has many years left to run, you can’t afford to miss the information contained in this report. Companies with experienced management, proven and probable reserves, healthy balance sheets (with zero or minimal embedded derivative risks) in politically stable regions are going to do very, very well in the coming years.

The Ultimate Insider

The Ultimate Insider is a service that includes all of the above reports.

Additionally, subscribers of The Ultimate Insider receive special reports and news flashes when there is important information that becomes available. This is usually information that will be included in upcoming reports, but, is so important as to give an additional advantage to those who can capitalize on the information before others.

You can subscribe to these reports (or buy a single copy of one to “test drive”) at www.bullion-master.com/services