February 13th, 2014
by Byron King, Daily Reckoning
Two weeks ago Goldcorp (GG) announced a $2.6 billion hostile offer to take over Quebec-based Osisko Mining. Goldcorp, as you may know, is a large precious metal company with numerous mines. Osisko is a one-mine play, based on its Canadian Malartic mine in Quebec, built from the ground up (and down) since about 2005.
What's a good, productive, working gold mine worth? Is the market valuing these kind of things "right"?
Econintersect: Following are some of the stories we have found over the past week about gold and precious metals markets.
by Vronsky, DailyReckoning.com
The Hebrew word for Silver is the same word that is used interchangeably for Money in the Torah and Old Holy Bible Testament: Silver metal = Kesef (כסף), which also means Money.
Moreover, in all Hispanic countries the word for money is the same word for silver: PLATA.
Since 1000 B.C. to today, the word SILVER is synonymous with MONEY in most countries in the world. Further testament was Stock Market genius of the 1920s, who was right on the money when he said:
“SILVER and GOLD have worked down from Alexander’s time…When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory.”
(Bernard Baruch, a 1929 and aftermath winner)
February 3rd, 2014
by Peter Krauth, Money Morning
Let's face it, 2013 was rough on silver.
The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011.
That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011. At its peak it generated a return of 1,091%.
Heading into 2014, I've pinpointed a number of key drivers - some often missed - that say silver may be poised for another spectacular run...
January 27th, 2014
by Sasha Cekerevac, Daily Gains Letter
Left for dead: that's what appears to be what most investors have done to gold mining stocks.
With the price of gold bullion down significantly in 2013, it appears many are simply ignoring all gold mining stocks, lumping them into one category and avoiding the group as a whole.
Personally, I love buying when things are on sale. I hate paying full price on anything, no matter if it is for a stock or clothes. When it comes to gold mining stocks, the market sentiment hasn't been this bearish in years.