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

View the full post at: Gold Is a ‘Classic Bubble’ and Could Go All the Way Down to $500 an ounce : Pro

Surprisingly, gold has managed to keep afloat in recent weeks amid the stock market euphoria, which is a commendable feat given the extreme selling pressures it saw earlier in April. The outlook for the yellow metal remains mixed, however, as technical patterns and currency market trends are hinting at another round of selling in the near future.

See the full story here →

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Preparing for a loss in the coming correction: we would rather do it proactively and getting psychologically prepared before it happens.

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."

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

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."

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

]]> A strong stomach and a tremendous amount of patience are required for gold stock investors these days, as miners have been exhibiting their typical volatility pattern. That’s why I often say to anticipate before you participate, because gold stocks are historically twice as volatile as U.S. stocks. As of March 31, 2013, using 10-year data, [...]

View the full post at: Three Reasons to Buy Gold Equities Today

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2. Is the Gold Market Headed for a Bubble?
3. Stock Market Rally: 3 Reasons Why it Won’t Last

]]> Stronger USD, weaker Yen shake up forex markets]]> Barrick Gold (NYSE: ABX), GoldCorp (NYSE: GG) and Randgold Resources (NASDAQ: GOLD) saw big upswings in short interest between the April 15 and April 30 settlement dates.

Other gold mining companies that also saw the number of shares sold short rise in the period include

]]> I was expecting a relatively quiet morning. I was wrong. As I was compiling my notes earlier today, gold futures started to tumble. They had been slowly drifting lower overnight, giving back about $10 by 5 a.m. But it was the action at $1,450 that bothered me. After it crossed below this level, the floodgates [...]

View the full post at: Gold – Pushed to the Brink

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1. All that Glitters is Not Gold
2. Is the Gold Market Headed for a Bubble?
3. The “Physical” Squeeze in Gold is Gathering Pace

]]>

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Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.

That $200 cliff dive was the largest two-day drop in 33 years.

Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare...to the point of suspicion.

How did markets react? Unlike almost anyone expected.

What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?

The conclusions will surprise you -- and help you invest more wisely.

To continue reading, please click here...

Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.

That $200 cliff dive was the largest two-day drop in 33 years.

Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare...to the point of suspicion.

How did markets react? Unlike almost anyone expected.

What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?

The conclusions will surprise you -- and help you invest more wisely.

To continue reading, please click here...

Going against the stock market that just proved an asset is not attractive is not only risky, but it is counterintuitive to the emotional decision-making that takes place in financial markets.

I always scan the stock market for positions at their 52-week lows.

The reason for doing this is twofold: 1) to identify potentially attractive buy low/sell high assets; and 2) to assess what Wall Street dislikes for the purpose of honing my market view.

What you want to look for isn’t a company that is going broke or whose business plans have failed, but a large-cap, brand-name company—a leader within its industry that is down on the stock market for its own specific set of reasons.

One company that exemplifies the scenario I’m describing is Barrick Gold Corporation (NYSE/ABX).

This blue-chip gold producer has been having a very tough time on the stock market. The position is down another 10 points since April and has been cut in half since last November.

Barrick Gold’s stock chart is below:

    Chart courtesy of www.StockCharts.com

Barrick Gold looks like a good buy low/sell high trade candidate. But obviously, there are two immediate explanations as to why the position just bounced off a major low: weaker gold prices and rising production costs.

The company did particularly well on the stock market between the mid-1980s and mid-1990s. Then it took a break for a good 10 years, doing nothing except paying its dividends.

I would now keep a sharp eye on Barrick Gold for a buy low/sell high trade. But here’s the thing: the company’s fundamentals are not going to suddenly just improve and turn on a dime, even if gold spikes higher. The company does have structural operational issues related to costs and shareholders aren’t happy.

With a four-percent dividend yield, a buy low/sell high trade on a position like Barrick Gold is becoming attractive.

Clearly, the gold bugs are taking a break, but practically speaking, the spot price of gold isn’t down too much from its high.

The buy low/sell high investment strategy does take a lot of determination, forbearance, and luck. It is, after all, a risk capital trade.

It’s worth scanning the stock market, if you’re so inclined, simply to see what the rest of the stock market dislikes. (See “Unbelievable Stock Market Now Destined for Greatness?”)

To buy low/sell high in large-cap, blue-chip companies, it really is more about getting the cycle right. And that cycle includes both fundamental economic factors and sentiment.

Bottom-fishing in the stock market is always a tough business to be in. But then again, you can land ... Read More

Submitted by Michael Snyder of The Economic Collapse blog,
The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin.  And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate.  So what happ...