Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:ChinaETFsEarningsEconomyEnergyForexGoldIncomeLessonsIdeasTrading

  • Other news: News from PR Newswire
| More

Year End Sale On Gold, Silver and The Mining Stocks

Fri, Dec 16, 8:31 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!

This is one of those times that we have inveighed about so often. It is a typical "COM" week where markets are designed to confuse, obfuscate and misdirect the players. All thirty DOW stocks and commodities were down as Europe and Bernanke disappointed the markets with what they did not do. The markets were looking for a morsel of guidance, what they got was further silence and ambiguity.

The screens have been awash with a sea of red, protestors are taking to the streets in both the U.S. and Europe waving flags representing defiance. Green is hardly to be seen as many indices are near their lows of the year except the U.S. dollar (UUP) and long term treasuries(TLT). There are few places to park money where they are safe. The only havens are those by default. Thus the U.S. dollar and U.S. debt appear to smell like roses in a field of weeds. Hoarding dollars and U.S. debt is no way to promote a recovery.

The Debt Tragedy of the West commands the market stage.

We are witnessing counter-trend rallies in the U.S. Dollar and precious metals. Gold (GLD) and silver (SLV) are getting ready to indicate points of reentry as it retreats. The U.S. Dollar and Long Term Treasuries are overbought, while gold and silver have registered their characteristic volatile selloffs and shakeouts.

The long term trend higher has not been violated. Fear and panic are the twin refuges of short sellers and naysayers. They are having their week in the collateral damage spurred on by tax loss selling. It must be remembered that Greece is smaller than the state of Colorado and that Spain has a higher percentage of gold holdings vs. their GDP than the U.S. does. If there is a default in Europe it may be contained. If there is a government shutdown, or another credit

downgrade in the U.S., where will capital turn from the overbought dollar and U.S. Debt? Perhaps the recent activities are being overdone of shorting the Euro (FXE) and going long the U.S. dollar and long term treasuries. The U.S. debt bubble is the real danger about to burst. Eventually, we believe the capital on the sidelines will seek precious metals, miners (GDX) and eventually gold and silver junior explorers (GDXJ) as they attempt to exit a sinking ship.

We acknowledge that precious metals and the miners are underperforming the U.S. dollar and long term treasuries and have made a bearish technical turn momentarily. However, our gold and silver selections are pulling back in a volatile correction and may soon be reaching support levels as silver and the miners test their 2011 low and gold pulls back to its July 2011 breakout after making record gains in both 2009 and 2010.

It is difficult to believe that the Central Bankers will opt for a deflationary scenario in a world which are taking to the streets. Do not forget that at any time the Central Banks can come together and print themselves out of trouble. Long term safe havens for investors should eventually include the mining stocks in gold and silver which may be hitting support at the 2011 low from which an upside reversal occurs.

No doubt the patterns tell us that we are testing support levels and that technical damage has been inflicted on most stocks including the precious metals. The weak hands inform that the golden bubble may have been broken and the warning inscription written on the entrance to hell "abandon all hope, yea who enter here" may be applicable. We do not agree and may be considering this recent move a fake out and that we may witness a reversal sooner rather than later.

We are witnessing irrational prices characteristic of the end of the year tax loss selling. This should be regarded as purchasing plums and holiday gifts. The red that is seen on the screens may be the color of the week. The current coloration in the past has been subject to volatile change. Stay tuned to my premium newsletter for any up to the minute observations.


SDI Glossary: "Debt" Definition
SDI Glossary: "price" Definition
SDI Glossary: "GDP" Definition
SDI Glossary: "Stock" Definition
This Article's Word Cloud:   Debt   Dollar   Europe   Long   This   about   back   been   believe   both   bubble   capital   debt   default   dollar   eventually   gold   have   havens   higher   levels   long   markets   metals   miners   overbought   precious   seen   selling   should   silver   stocks   streets   support   taking   technical   term   than   that   their   there   they   those   treasuries   volatile   week   what   where   which   will

| More

Pullback In Graphite Stocks Presents Buying Opportunity
Wed, May 2, 9:51 AM ET, by Jeb Handwerger

. ...

Will Biggest Reduction In Interest Rates In Three Years Increase Gold and Silver Demand?
Tue, May 1, 12:51 PM ET, by Jeb Handwerger

. ...

This Gold Miner Is Trading At A Significant Discount To Bullion
Wed, Apr 25, 2:31 PM ET, by Jeb Handwerger

. ...

Gold Price Will Continue Higher as Rate Of New Discoveries Decreases
Mon, Apr 23, 11:21 AM ET, by Jeb Handwerger

. ...

Bottom Forming In Precious Metals and Miners
Thu, Apr 19, 4:51 PM ET, by Jeb Handwerger

. ...

Denison Mines and Energy Fuels Create Largest U.S. Pure Play Uranium Producer
Tue, Apr 17, 11:51 AM ET, by Jeb Handwerger

. ...

Why This Gold Miner Has Considerably Outperformed The Sector Since 2008
Mon, Apr 16, 8:21 PM ET, by Jeb Handwerger

. ...

Smart Long Term Precious Metal Investors Are Buying This Junior Gold Miner Despite Sector Weakness
Fri, Apr 6, 8:11 AM ET, by Jeb Handwerger

. ...

Ambivalence and Confusion At The Fed May Add Fuel To The Coming Precious Metals Rally
Tue, Apr 3, 2:51 PM ET, by Jeb Handwerger

. ...

Quantum Rare Earth Development Announces Updated Resource Estimate: Highest Grade Niobium In N. America
Tue, Apr 3, 8:11 AM ET, by Jeb Handwerger

. ...

Why Graphite Stocks May Continue To Outperform In 2012
Mon, Apr 2, 4:31 PM ET, by Jeb Handwerger

. ...

Ucore Rare Metals (UCU) Assembles Highly Experienced Mine Development Team
Sun, Apr 1, 9:41 PM ET, by Jeb Handwerger

. ...

General Moly (GMO) Advancing One Of The Highest Grade and Largest Moly Projects In The World
Sun, Apr 1, 9:21 PM ET, by Jeb Handwerger

. ...

Uranerz Energy (URZ): “Best Hole Ever Drilled By Company”
Fri, Mar 30, 8:11 AM ET, by Jeb Handwerger

. ...

Edgewater’s (EDW) Corcoesto Project In Spain Continues To Return Exciting Infill Drilling Results
Thu, Mar 29, 9:51 PM ET, by Jeb Handwerger

. ...

Miranda Gold (MAD): Drilling About To Begin On Red Hill Near Barrick’s Multi-Million Ounce Discoveries On Cortez Trend
Wed, Mar 28, 3:21 PM ET, by Jeb Handwerger

. ...

Athabasca Uranium (UAX) Making Exploration Progress On Keefe Lake
Wed, Mar 28, 1:11 PM ET, by Jeb Handwerger

. ...

Are We On The Verge Of a Major Rally In Precious Metals and Natural Resources?
Tue, Mar 27, 12:21 PM ET, by Jeb Handwerger

. ...

The Right Place, The Right Price and The Right Time For Undervalued Uranium
Mon, Mar 26, 9:31 PM ET, by Jeb Handwerger

. ...

Standard Graphite Announces Excellent EM Results
Mon, Mar 26, 3:41 PM ET, by Jeb Handwerger

. ...

Tasman Releases PEA Which Shows High Contribution Of Revenue From Dysprosium
Mon, Mar 26, 3:11 PM ET, by Jeb Handwerger

. ...

The Spark To Invoke The Spike In These Mining Sectors
Fri, Mar 23, 3:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Middle East: 2012′s ...

Isn’t Inflation Supposed To Be Bullish for Gold and Silver?
Tue, Mar 20, 4:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! We have ...

Gold and Silver Find Support At Long Term Uptrends
Fri, Mar 16, 2:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Gold is pulling ...

Look For Increased M&A Activity In Precious Metal, Uranium and Rare Earth Miners in 2012
Tue, Mar 13, 11:21 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Check out my ...

Are Gold, Silver, Rare Earths and Uranium Safe Havens As Banks Buy U.S. Debt At Record Pace?
Mon, Mar 12, 4:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Far be it ...

Rare Earth Investors: Molycorp, Neo Material Deal Could Spark Major Rally
Fri, Mar 9, 2:21 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!A significant development ...

A Cheap Euro Benefits This Emerging European Gold Producer Moving Into Feasibility
Wed, Mar 7, 3:21 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!A cheap Euro ...

Pullback In Gold And Silver Could Be A Buying Opportunity
Tue, Mar 6, 2:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! In early ...

Shakeout Before Major Move in Gold And Silver Prices
Sun, Mar 4, 8:11 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!One would believe ...

Uranium Miners Beginning Major Upswing: Interview With Jeb Handwerger
Thu, Mar 1, 3:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Despite the Fukushima ...

State Of Alaska Takes Active Role In Developing Heavy Rare Earths In The U.S.
Thu, Mar 1, 12:21 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!The CEO of ...

Why is Silver Soaring and Outperforming Gold in 2012?
Tue, Feb 28, 3:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! We have ...

Uranium Mining Stocks: Beginning of a Powerful Uptrend?
Mon, Feb 27, 12:51 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!We have constantly ...

Interview With Rob McEwen from McEwen Mining (MUX)-A High Growth, Low Cost Mid Tier Producer Of Silver and Gold
Thu, Feb 23, 12:41 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!One of our ...

Greek Bailout Bullish For Precious Metals and Natural Resources
Tue, Feb 21, 12:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! The Chinese ...

Buying Opportunity During Precious Metal Corrections: New Gold (NGD)
Thu, Feb 16, 12:41 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!From the players ...

Rewards Will Be Great In Rare Earth Mining
Tue, Feb 14, 8:51 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Not long after ...

Glencore-Xstrata Merger: Monumental For Commodity Investors
Fri, Feb 10, 8:51 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!We were recently ...

Powerful Risk On Rally Benefitting Gold and Silver Explorers In 2012
Thu, Feb 9, 3:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! Gold's accelerated ...

Nuclear Revival Spur Uranium Miners Higher, Uranerz Leading Sector
Fri, Feb 3, 3:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Gold Stock Trades ...

Uranium and Rare Earths Leading Market Rebound
Tue, Jan 31, 2:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!As we predicted, ...

Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies
Fri, Jan 27, 8:11 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!At the end ...

Fed Announces Record Low Interest Rates Until Late 2014 and Commodities Soar
Wed, Jan 25, 8:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Presently we notice ...

Rare Earths Breaking Downtrend To The Upside
Wed, Jan 25, 3:31 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Years ago when ...

Silver Breaks Downtrend, Junior Miners Outperforming Majors
Sun, Jan 22, 8:11 AM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!On January 3, ...

Uranium Miners Break Through Critical 200 Day Moving Average To The Upside
Thu, Jan 19, 4:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!When it was ...

Recovery In Mining Stocks? Breakouts Out Of Downtrends And Bases Beginning
Wed, Jan 18, 4:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!The end of ...

Why Uranium Miners Are Soaring In 2012
Mon, Jan 16, 9:11 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW! Listen to ...

2012: The Year Of The Undervalued Junior Miners
Wed, Jan 11, 1:51 PM ET, by Jeb Handwerger

Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!Recent Radio Interview ...

  More articles:  1 2 3 4 5 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

Year End Sale On Gold, Silver and The Mining Stocks | Self Directed Investor | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of over 1000 individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.