Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Incredible volume. WOW
Everybody. Stop complaining and buy more.
If aurus is what you all say then you all should be more than willing to add as much as you can.
Follow your convictions. Why wouldnt you.
Evertime Aurus gets bashed buy 10,000 more shares.
Instead of defending with words,be constructive and help decrease the float. If you dont then you are in doubt.
Simply put. If you not willing to buy more you should sell.
I dont own any shares glty
WI is better than the other choice right?
Ive always seen them as a needed evil for a small growing company.
The question is will they stop once they acheive good revenue numbers.
Well then they may be able to get funding in the form of legit debt.
Still long. Cant have my shares
Its been beaten down to my great delight.
“Junior gold stocks” is a three-word expression that for some breeds dismay, trepidation, and anger. But for others it illuminates excitement, opportunity, and profits. Regardless of which camp an investor resides, one thing is for certain. During this fantastic 7-year-running secular gold bull, the junior gold stock realm has been host to a highly-volatile range of sentimental extremes.
Sometimes investors who speculate in the junior market are burned. And being burned on a junior gold stock can certainly be harmful to one’s capital. This is just one of many reasons for the lack of investor loyalty toward juniors. When this group is underperforming, traders are quick to capitulate and it doesn’t take long for this tiny sector to become the pariah of the markets.
But the reason investors do speculate in juniors lies on the other side of their inherent riskiness, their high-reward potential. When the juniors are in favor they can quickly return legendary gains. Rapid and robust gains always attract traders to a sector regardless of the risk.
And the rewards for speculating in the future hopefuls of the gold mining industry have proven to be colossal. Though there is no junior gold stock index that I know of to measure their gains as a whole, we can look to the producers to give us a baseline of some of the gains thus far. The HUI gold-stock index is the premier index for gold stocks, comprised of elite producers, and has seen an incredible 1331% bull-to-date gain.
But throughout the course of this gold bull the majority of the best-performing gold stocks have been the juniors. The premier juniors have seen gains actually far exceed the HUI’s. When a small-market-cap low-volume junior makes a discovery and/or banks resources, its stock can launch parabolic on very short notice.
These fast ascents are possible because juniors usually start out with nothing. And without a project that hosts high-potential gold mineralization, it should be assumed that a junior has nothing. In reality odds are highly stacked against juniors. It takes a lot of skill and capital mixed with a little luck to discover, explore, and develop a deposit that may or may not turn out to be economically feasible. In reality most juniors will fail.
So when a junior does have a successful exploration campaign its exposure and market capitalization should grow. From a fundamental perspective this makes absolute sense. In the process of going from nothing to something a junior is transformed from a company with hopes and dreams tied up in a plot of land to a company with actual assets, and valuable ones at that.
But while juniors continue to do what they do best, explore for gold, these stocks haven’t seemed to reflect the recent run up in the price of the metal they seek. Since August 2007 when gold began its march higher from the mid-$600s, junior gold stocks have been treated like the bald-headed step children of the gold-stock sector. And the fact that many juniors trade at the same levels today as they were trading at $300 ago on gold has not sat well with folks.
To take this underperformance even further, gold stocks in general have had a sluggish feeling about them throughout the course of this latest upleg. And the root of this seemingly perpetual unlove comes from generally rotten industry-wide sentiment. Even though the HUI had risen from 300 in August to its recent high of 515, an impressive 72% gain, those deployed in gold stocks haven’t been feeling the love.
Now in each and every upleg there is indeed a circus of sentimental extremes. Even in massive uplegs 2, 4, and 6 that averaged gains of 136% over about 9 months, investors had to constantly climb a wall of worries to get to the top. While constants do hold in each upleg, does current upleg 8 have a different look and feel than the rest?
The main thing that has bothered gold stock investors lately is decreasing leverage. Over the course of this bull gold stocks, as measured by the HUI, have exhibited positive leverage to gold of 4.6 to 1. While this positive leverage is fantastic and has made investors a lot of money, it is to be expected.
Gold mining is an inherently risky business. Not only are mining companies slave to gold’s volatility, but they must also deal with risks on the geological, operational, geopolitical, and managerial fronts. Gold stocks bear much more risk than their underlying commodity. Therefore their gains should rightly augment gold’s gains or else there would be no reason to own them. And this risk/reward tradeoff should be amplified even more for the junior gold explorers.
With gold rising 54% over the same time span as the HUI’s rise of only 72%, this perception of sub-standard leverage is in fact tangible. In this upleg gold stocks are averaging less than 1.5 to 1 leverage to gold. Because of this the multitude of gold-stock traders is perhaps righteous in feeling they haven’t been adequately rewarded for bearing the risks of owning these mining companies.
At Zeal we’ve closely monitored the HUI’s leverage to gold since this bull began. We’ve written several essays on this topic and update a chart each week in the subscriber section of our website that monitors this leverage model. And in our most recent thread of research my business partner Adam Hamilton penned a revealing essay that isolated leverage within each individual upleg.
While it is apparent that leverage has been declining over the course of this bull, Adam found that there is no need for alarm yet in the current upleg. Within any upleg the HUI’s leverage to gold greatly varies at any given time. And historically it isn’t until the final third of an upleg that the truly big gains happen.
Interestingly in past uplegs about half of an entire upleg’s gains are realized in this final third. And it is these massive late-upleg gains that typically give gold stocks the positive leverage that investors expect. This final third is also where the unloved juniors come into play.
Since most juniors are too small for institutional investors and fund managers to trade, and individual investors aren’t as exuberant early on in an upleg, they typically don’t get very much early attention. So while gold stocks indeed rise with gold, the juniors often suffer a lagging effect.
But since it is the individual investors that typically drive the fortunes of the juniors, when they get excited the juniors take off. And as we know from previous uplegs, it isn’t until the end of an upleg when the majority of individuals captures this excitement. So naturally with large increases in capital chasing the small-market-cap low-volume juniors, the environment becomes ripe for rapid ascents of these stocks.
Ultimately while at times it is very frustrating owning junior gold stocks, it should not be a surprise that the performance of this group is inadequate in the first part of an upleg. Trader sentiment gradually improves as an upleg progresses, and when greed waxes extreme individual traders inevitably pile in to the juniors and fuel colossal gains. Juniors are the greatest beneficiaries of euphoric spikes.
Aside from the general malaise juniors experience outside of the sentiment spikes, some people believe another hindrance might be holding them down. And this surrounds the major problems in the global credit markets mixed with general stock market volatility to the downside.
Since the majority of juniors has no cash flows they rely solely on equity and debt financing. Therefore today’s prevailing economic conditions may have an impact on a junior’s ability to raise the necessary capital to fund operations. And a weak stock market doesn’t help either. It makes it all the more difficult to not only sell shares but price them high enough to raise sufficient capital.
While these economic dilemmas certainly create valid concerns, I have yet to see financings grind to a halt for the juniors. And considering the gold environment today this is not likely to happen any time in the near future.
Unfortunately all these leverage and economic fears often cause folks to discount the critical role juniors play in the gold mining cycle. Thus sometimes it is important to step back and rethink the vitality of these companies. And their role becomes apparent when you take a strategic look at the health of the greater gold mining industry.
Interestingly after 7 years of rising gold prices, global mined gold production continues to fall as miners are finding it increasingly difficult to extract this precious metal from the earth. Since the industry’s supply peak in 2001, gold production has been on a downward trend. In fact 2008 is on pace to make it a four-year running decline in global production.
And looking forward the miners’ ability to supply the market isn’t going to get any easier. With the demand for this yellow metal continuing to grow there is no slack for the producers. They must renew reserves and grow production in order for this industry to maintain some semblance of balance.
This means on the exploration side of the gold cycle that economically feasible gold mineralization needs to continually be discovered and developed to replace aging and depleting mines. But even after 7 years the gold mining industry still seems to be behind in procuring its inventory for the future.
This is in large part due to the lack of exploration in the second half of the last secular gold bear. The price of gold was so low in the 1990s that there was very little capital available to fund gold exploration. So with financing options dried up, gold companies got behind in procuring the appropriate inventory to replace future production.
Also hindering this replacement issue is the lack of major discoveries in the last couple decades. The discoveries of multi-million ounce deposits are becoming fewer and farther between. And outside of the effects of a gold bear another reason for this is major gold-producing and geopolitically-safe countries have been pretty well scraped over. This is forcing gold miners to look elsewhere for gold, in regions that tend to be geographically challenging and geopolitically hostile.
So where do the gold juniors come into play? Well even though the existing gold producers of the world perform active exploration internally, many are not able to renew their resources fast enough to replace production. In order for the gold industry to survive, and grow, the next-generation gold producers and primary exploration companies play a vital role in supplementing the existing producers’ shortcomings.
Whether it is juniors being acquired by the producers or turning into gold miners themselves, their role is crucial. And the juniors understand the opportunities available to them. With the price of gold soaring and many producers unable to ramp up supply, the doors are opened for these eager entrepreneurs to get a piece of the gold pie.
And though the underlying mission of a junior gold explorer is to actually find gold, today’s juniors come in a variety of flavors. They range from the shameless promotional outfits that have no idea what to do with their randomly staked land holdings to experienced industry veterans that are proficient at exploration and discovery. Regardless of where a junior falls in this continuum one thing is for certain, there are a lot of them.
Today’s hefty population of juniors is a stark contrast to just a short time ago. At the turn of the century the business of gold mining was abhorred. As gold fell to its bear low near $250 only a handful of junior gold explorers could be found. Today as the fortunes for gold have changed there are now hundreds of juniors. And new ones seem to be hitting the markets every week.
While a junior’s role in the gold cycle has not changed, choosing the juniors in which to speculate is now much more complex than it was in 2000. Like separating the chaff from the wheat, it takes prudent analysis to separate the duds from the promising juniors.
But with gold stocks disliked and juniors loathed today, is it even worth the time to thresh out the most promising juniors? Yes! In fact usually when the juniors are downtrodden and rejected, intra-upleg, it is the best time to buy. When gold stocks return to favor and euphoria runs rampant, the juniors will be the best-performing stocks in the gold stock sector. And based on our studies at Zeal, we believe probabilities still favor a soon-to-unfold final-third run in our current upleg.
So once you muster up the courage to trade in the junior realm, the next major task is to identify the stocks that have the highest probability for success. And the best way to discover these high-potential juniors is through diligent research and analysis.
Investors must peel away the layers of each company that piques their interest in order to understand their core fundamentals. Due diligence is imperative before you trust your hard-earned capital to the fate of a junior gold explorer.
When folks come to me and want to know how to research a junior I usually highlight some key areas of focus that are essential to understand. In a series of essays I wrote a little over a year ago I detailed what to look for in some of these areas.
From a high level, first it is important to understand the qualifications and history of the management team. In junior gold exploration it is usually nice for the management team to have a strong technical background. If this area is lacking they need to surround themselves with an experienced team of geologists and mining engineers.
From here you’ll want to take a look at the quality of projects and the strength of the resources that may already be identified. In the process of doing all this it is also important to consider the geopolitics of the countries in which the projects are located. Then of course you cannot overlook the financials. Examining the balance sheet and understanding the impact of previous financing decisions can be very telling.
I encourage you to peruse these previous essays for more details in each of these areas of focus. When all these research areas are considered in aggregate, you can then formulate an opinion on whether you like a junior or how it may compare to the others.
Ultimately with the hundreds of junior gold stocks to choose from today, it can be quite an undertaking to sift out the winners. This is why deep fundamental research is more important now than ever before. And this is why even our own research team has had to dedicate a lot more time and effort into the stock research the feeds our newsletter trades.
When we do stock research at Zeal we do it one sector at a time as comparables force out the winners and losers. Our latest project took a look at nearly 300 junior gold stocks! And after analyzing each stock we pared down the group to come up with our favorite dozen that we believe have the highest probabilities for success.
These stocks range from small juniors with no resources yet to some of the biggest and best that are either prime buyout candidates or the gold miners of the future. These companies have projects that either host or have the potential to host quality gold resources. And ultimately we favor these stocks because they have the potential to make an impact on the gold mining industry and can greatly reward their shareholders in the process.
Well since we can’t fit all the fascinating fundamental information for each stock in our newsletters and since not all stock traders have the bandwidth to spend time researching stocks, Zeal’s stock research has been in high demand. It is for this reason that in the last couple years we’ve been formalizing our research into a report format.
Our last research report published in November on Zeal’s favorite gold-producing stocks was exceedingly popular. But it also led to countless requests for us to take a look at the other side of the gold stock spectrum, the juniors. Well we listened and our brand new hot-off-the-presses report on junior gold stocks profiles our favorite 12. If you would like each of these detailed profiles at your fingertips, then please purchase this report today.
The bottom line is junior gold stocks, whether loathed or loved, offer gold stock speculators fast and furious gains if timed right and chosen prudently. These high-flying explorers are indeed the riskiest stocks of this sector, but they can also be the most rewarding.
Currently the juniors seem to be universally hated by all traders. But these stocks will again have their day in the sun. When investors finally get excited about gold stocks, as they should with $900 gold, this sector will again gather momentum. And those well-positioned juniors ought to be the top performers.
“Junior gold stocks” is a three-word expression that for some breeds dismay, trepidation, and anger. But for others it illuminates excitement, opportunity, and profits. Regardless of which camp an investor resides, one thing is for certain. During this fantastic 7-year-running secular gold bull, the junior gold stock realm has been host to a highly-volatile range of sentimental extremes.
Sometimes investors who speculate in the junior market are burned. And being burned on a junior gold stock can certainly be harmful to one’s capital. This is just one of many reasons for the lack of investor loyalty toward juniors. When this group is underperforming, traders are quick to capitulate and it doesn’t take long for this tiny sector to become the pariah of the markets.
But the reason investors do speculate in juniors lies on the other side of their inherent riskiness, their high-reward potential. When the juniors are in favor they can quickly return legendary gains. Rapid and robust gains always attract traders to a sector regardless of the risk.
And the rewards for speculating in the future hopefuls of the gold mining industry have proven to be colossal. Though there is no junior gold stock index that I know of to measure their gains as a whole, we can look to the producers to give us a baseline of some of the gains thus far. The HUI gold-stock index is the premier index for gold stocks, comprised of elite producers, and has seen an incredible 1331% bull-to-date gain.
But throughout the course of this gold bull the majority of the best-performing gold stocks have been the juniors. The premier juniors have seen gains actually far exceed the HUI’s. When a small-market-cap low-volume junior makes a discovery and/or banks resources, its stock can launch parabolic on very short notice.
These fast ascents are possible because juniors usually start out with nothing. And without a project that hosts high-potential gold mineralization, it should be assumed that a junior has nothing. In reality odds are highly stacked against juniors. It takes a lot of skill and capital mixed with a little luck to discover, explore, and develop a deposit that may or may not turn out to be economically feasible. In reality most juniors will fail.
So when a junior does have a successful exploration campaign its exposure and market capitalization should grow. From a fundamental perspective this makes absolute sense. In the process of going from nothing to something a junior is transformed from a company with hopes and dreams tied up in a plot of land to a company with actual assets, and valuable ones at that.
But while juniors continue to do what they do best, explore for gold, these stocks haven’t seemed to reflect the recent run up in the price of the metal they seek. Since August 2007 when gold began its march higher from the mid-$600s, junior gold stocks have been treated like the bald-headed step children of the gold-stock sector. And the fact that many juniors trade at the same levels today as they were trading at $300 ago on gold has not sat well with folks.
To take this underperformance even further, gold stocks in general have had a sluggish feeling about them throughout the course of this latest upleg. And the root of this seemingly perpetual unlove comes from generally rotten industry-wide sentiment. Even though the HUI had risen from 300 in August to its recent high of 515, an impressive 72% gain, those deployed in gold stocks haven’t been feeling the love.
Now in each and every upleg there is indeed a circus of sentimental extremes. Even in massive uplegs 2, 4, and 6 that averaged gains of 136% over about 9 months, investors had to constantly climb a wall of worries to get to the top. While constants do hold in each upleg, does current upleg 8 have a different look and feel than the rest?
The main thing that has bothered gold stock investors lately is decreasing leverage. Over the course of this bull gold stocks, as measured by the HUI, have exhibited positive leverage to gold of 4.6 to 1. While this positive leverage is fantastic and has made investors a lot of money, it is to be expected.
Gold mining is an inherently risky business. Not only are mining companies slave to gold’s volatility, but they must also deal with risks on the geological, operational, geopolitical, and managerial fronts. Gold stocks bear much more risk than their underlying commodity. Therefore their gains should rightly augment gold’s gains or else there would be no reason to own them. And this risk/reward tradeoff should be amplified even more for the junior gold explorers.
With gold rising 54% over the same time span as the HUI’s rise of only 72%, this perception of sub-standard leverage is in fact tangible. In this upleg gold stocks are averaging less than 1.5 to 1 leverage to gold. Because of this the multitude of gold-stock traders is perhaps righteous in feeling they haven’t been adequately rewarded for bearing the risks of owning these mining companies.
At Zeal we’ve closely monitored the HUI’s leverage to gold since this bull began. We’ve written several essays on this topic and update a chart each week in the subscriber section of our website that monitors this leverage model. And in our most recent thread of research my business partner Adam Hamilton penned a revealing essay that isolated leverage within each individual upleg.
While it is apparent that leverage has been declining over the course of this bull, Adam found that there is no need for alarm yet in the current upleg. Within any upleg the HUI’s leverage to gold greatly varies at any given time. And historically it isn’t until the final third of an upleg that the truly big gains happen.
Interestingly in past uplegs about half of an entire upleg’s gains are realized in this final third. And it is these massive late-upleg gains that typically give gold stocks the positive leverage that investors expect. This final third is also where the unloved juniors come into play.
Since most juniors are too small for institutional investors and fund managers to trade, and individual investors aren’t as exuberant early on in an upleg, they typically don’t get very much early attention. So while gold stocks indeed rise with gold, the juniors often suffer a lagging effect.
But since it is the individual investors that typically drive the fortunes of the juniors, when they get excited the juniors take off. And as we know from previous uplegs, it isn’t until the end of an upleg when the majority of individuals captures this excitement. So naturally with large increases in capital chasing the small-market-cap low-volume juniors, the environment becomes ripe for rapid ascents of these stocks.
Ultimately while at times it is very frustrating owning junior gold stocks, it should not be a surprise that the performance of this group is inadequate in the first part of an upleg. Trader sentiment gradually improves as an upleg progresses, and when greed waxes extreme individual traders inevitably pile in to the juniors and fuel colossal gains. Juniors are the greatest beneficiaries of euphoric spikes.
Aside from the general malaise juniors experience outside of the sentiment spikes, some people believe another hindrance might be holding them down. And this surrounds the major problems in the global credit markets mixed with general stock market volatility to the downside.
Since the majority of juniors has no cash flows they rely solely on equity and debt financing. Therefore today’s prevailing economic conditions may have an impact on a junior’s ability to raise the necessary capital to fund operations. And a weak stock market doesn’t help either. It makes it all the more difficult to not only sell shares but price them high enough to raise sufficient capital.
While these economic dilemmas certainly create valid concerns, I have yet to see financings grind to a halt for the juniors. And considering the gold environment today this is not likely to happen any time in the near future.
Unfortunately all these leverage and economic fears often cause folks to discount the critical role juniors play in the gold mining cycle. Thus sometimes it is important to step back and rethink the vitality of these companies. And their role becomes apparent when you take a strategic look at the health of the greater gold mining industry.
Interestingly after 7 years of rising gold prices, global mined gold production continues to fall as miners are finding it increasingly difficult to extract this precious metal from the earth. Since the industry’s supply peak in 2001, gold production has been on a downward trend. In fact 2008 is on pace to make it a four-year running decline in global production.
And looking forward the miners’ ability to supply the market isn’t going to get any easier. With the demand for this yellow metal continuing to grow there is no slack for the producers. They must renew reserves and grow production in order for this industry to maintain some semblance of balance.
This means on the exploration side of the gold cycle that economically feasible gold mineralization needs to continually be discovered and developed to replace aging and depleting mines. But even after 7 years the gold mining industry still seems to be behind in procuring its inventory for the future.
This is in large part due to the lack of exploration in the second half of the last secular gold bear. The price of gold was so low in the 1990s that there was very little capital available to fund gold exploration. So with financing options dried up, gold companies got behind in procuring the appropriate inventory to replace future production.
Also hindering this replacement issue is the lack of major discoveries in the last couple decades. The discoveries of multi-million ounce deposits are becoming fewer and farther between. And outside of the effects of a gold bear another reason for this is major gold-producing and geopolitically-safe countries have been pretty well scraped over. This is forcing gold miners to look elsewhere for gold, in regions that tend to be geographically challenging and geopolitically hostile.
So where do the gold juniors come into play? Well even though the existing gold producers of the world perform active exploration internally, many are not able to renew their resources fast enough to replace production. In order for the gold industry to survive, and grow, the next-generation gold producers and primary exploration companies play a vital role in supplementing the existing producers’ shortcomings.
Whether it is juniors being acquired by the producers or turning into gold miners themselves, their role is crucial. And the juniors understand the opportunities available to them. With the price of gold soaring and many producers unable to ramp up supply, the doors are opened for these eager entrepreneurs to get a piece of the gold pie.
And though the underlying mission of a junior gold explorer is to actually find gold, today’s juniors come in a variety of flavors. They range from the shameless promotional outfits that have no idea what to do with their randomly staked land holdings to experienced industry veterans that are proficient at exploration and discovery. Regardless of where a junior falls in this continuum one thing is for certain, there are a lot of them.
Today’s hefty population of juniors is a stark contrast to just a short time ago. At the turn of the century the business of gold mining was abhorred. As gold fell to its bear low near $250 only a handful of junior gold explorers could be found. Today as the fortunes for gold have changed there are now hundreds of juniors. And new ones seem to be hitting the markets every week.
While a junior’s role in the gold cycle has not changed, choosing the juniors in which to speculate is now much more complex than it was in 2000. Like separating the chaff from the wheat, it takes prudent analysis to separate the duds from the promising juniors.
But with gold stocks disliked and juniors loathed today, is it even worth the time to thresh out the most promising juniors? Yes! In fact usually when the juniors are downtrodden and rejected, intra-upleg, it is the best time to buy. When gold stocks return to favor and euphoria runs rampant, the juniors will be the best-performing stocks in the gold stock sector. And based on our studies at Zeal, we believe probabilities still favor a soon-to-unfold final-third run in our current upleg.
So once you muster up the courage to trade in the junior realm, the next major task is to identify the stocks that have the highest probability for success. And the best way to discover these high-potential juniors is through diligent research and analysis.
Investors must peel away the layers of each company that piques their interest in order to understand their core fundamentals. Due diligence is imperative before you trust your hard-earned capital to the fate of a junior gold explorer.
When folks come to me and want to know how to research a junior I usually highlight some key areas of focus that are essential to understand. In a series of essays I wrote a little over a year ago I detailed what to look for in some of these areas.
From a high level, first it is important to understand the qualifications and history of the management team. In junior gold exploration it is usually nice for the management team to have a strong technical background. If this area is lacking they need to surround themselves with an experienced team of geologists and mining engineers.
From here you’ll want to take a look at the quality of projects and the strength of the resources that may already be identified. In the process of doing all this it is also important to consider the geopolitics of the countries in which the projects are located. Then of course you cannot overlook the financials. Examining the balance sheet and understanding the impact of previous financing decisions can be very telling.
I encourage you to peruse these previous essays for more details in each of these areas of focus. When all these research areas are considered in aggregate, you can then formulate an opinion on whether you like a junior or how it may compare to the others.
Ultimately with the hundreds of junior gold stocks to choose from today, it can be quite an undertaking to sift out the winners. This is why deep fundamental research is more important now than ever before. And this is why even our own research team has had to dedicate a lot more time and effort into the stock research the feeds our newsletter trades.
When we do stock research at Zeal we do it one sector at a time as comparables force out the winners and losers. Our latest project took a look at nearly 300 junior gold stocks! And after analyzing each stock we pared down the group to come up with our favorite dozen that we believe have the highest probabilities for success.
These stocks range from small juniors with no resources yet to some of the biggest and best that are either prime buyout candidates or the gold miners of the future. These companies have projects that either host or have the potential to host quality gold resources. And ultimately we favor these stocks because they have the potential to make an impact on the gold mining industry and can greatly reward their shareholders in the process.
Well since we can’t fit all the fascinating fundamental information for each stock in our newsletters and since not all stock traders have the bandwidth to spend time researching stocks, Zeal’s stock research has been in high demand. It is for this reason that in the last couple years we’ve been formalizing our research into a report format.
Our last research report published in November on Zeal’s favorite gold-producing stocks was exceedingly popular. But it also led to countless requests for us to take a look at the other side of the gold stock spectrum, the juniors. Well we listened and our brand new hot-off-the-presses report on junior gold stocks profiles our favorite 12. If you would like each of these detailed profiles at your fingertips, then please purchase this report today.
The bottom line is junior gold stocks, whether loathed or loved, offer gold stock speculators fast and furious gains if timed right and chosen prudently. These high-flying explorers are indeed the riskiest stocks of this sector, but they can also be the most rewarding.
Currently the juniors seem to be universally hated by all traders. But these stocks will again have their day in the sun. When investors finally get excited about gold stocks, as they should with $900 gold, this sector will again gather momentum. And those well-positioned juniors ought to be the top performers.
I may be stuck it this thing but even I can ask. Who is stupid enough to give them more money........
Maybe someone that screwed up and just cant take a lose.
Gee kinda like me.
Hell my shares a more or less worthless and whats the point in selling them now.
Kind of a sentimental thing LOL
Actually i thought it was very detailed as to were AUY intended to go and what they intended to do. Alot of forward outlook that nobody saw.
There is a god. Im glad they held onto this property. BIG plus
Just checkin in. How are you all getting along over here?
Still got gold in your eyes
Looks like a hand over fist op.
Mick. Even at half those figures Powder is undervalued.
Alot of upside here.
If you have noticed most if not all of the little oil and gas companys are in the tank.
We are not all alone here. The market just doesnt love us right now.
Staying long with this winner....
LOL....
We are going to get clobbered on monday.
Hold on to your scalp.
Death of a giant. Tommorow may hurt even with gold way up in asia
NEW YORK (CNNMoney.com) -- JPMorgan Chase & Co. said Sunday that it would acquire troubled Wall Street firm Bear Stearns amid deepening fears that Bear's demise could have sent shockwaves across the already shaky financial markets.
The deal values Bear Stearns at $236 million, or just $2 a share - shares had closed at $30 on Friday, down 47% that day.
JPMorgan is taking immediate responsibility for Bear's trading obligations and assuming "management oversight" of the firm's operations. The deal is subject to approval by shareholders but has already been approved by the Federal Reserve and other regulators, according to a statement released by JPMorgan. The Fed is providing special emergency financing for up to $30 billion in Bear Stearns (BSC, Fortune 500) assets.
With the global credit crisis worsening, the Fed - along with officials from the Treasury Department - has been taking dramatic action to help banks and prevent widespread panic through the financial markets.
"JPMorgan stands behind Bear Stearns," said Jamie Dimon, chairman and chief executive of JPMorgan. "Bear Stearns clients and counterparties should feel secure that JPMorgan is guaranteeing ... risk," he continued.
Bear Stearns was on the brink of financial collapse Friday when JPMorgan (JPM, Fortune 500) and the Federal Reserve Bank of New York said they would provide the brokerage a short-term loan. Bear was dealing with a classic run-on-the-bank: The firm's short-term creditors refused to lend the firm any more money and simultaneously demanded repayment of outstanding debt. The one-two punch overwhelmed Bear's cash position.
Treasury Secretary Henry Paulson said on Sunday that talks about how to rescue Bear had continued throughout the weekend. He defended the Fed's bailout on Friday as "the right decision" and said the Bush administration was ready to take other actions to bring stability to the financial markets.
The fast-track deal is expected to close by the end of June, the statement said.
Bear Stearns has approximately 14,000 employees worldwide.
A deep, fast fall
The deal marks an inglorious chapter for 85-year-old Bear Stearns, a storied Wall Street firm whose unraveling has been fast and furious.
Rumors that Bear Stearns was on the verge of collapse started buzzing around Wall Street trading desks last Monday. Chief Executive Alan Schwartz - who took over as CEO in early January from longtime chief Jimmy Cayne - appeared on television on Wednesday afternoon to reassure the markets that the firm was stable.
But by Thursday night, Bear was in a severe crunch. Some firms that trade with it effectively stopped offering it credit because they feared that Bear was running short of short-term funding, or liquidity.
Shares of Bear Stearns opened last week at $69.75 and traded as high as $159 last year.
First
NEW YORK (CNNMoney.com) -- JPMorgan Chase & Co. said Sunday that it would acquire troubled Wall Street firm Bear Stearns amid deepening fears that Bear's demise could have sent shockwaves across the already shaky financial markets.
The deal values Bear Stearns at $236 million, or just $2 a share - shares had closed at $30 on Friday, down 47% that day.
JPMorgan is taking immediate responsibility for Bear's trading obligations and assuming "management oversight" of the firm's operations. The deal is subject to approval by shareholders but has already been approved by the Federal Reserve and other regulators, according to a statement released by JPMorgan. The Fed is providing special emergency financing for up to $30 billion in Bear Stearns (BSC, Fortune 500) assets.
With the global credit crisis worsening, the Fed - along with officials from the Treasury Department - has been taking dramatic action to help banks and prevent widespread panic through the financial markets.
"JPMorgan stands behind Bear Stearns," said Jamie Dimon, chairman and chief executive of JPMorgan. "Bear Stearns clients and counterparties should feel secure that JPMorgan is guaranteeing ... risk," he continued.
Bear Stearns was on the brink of financial collapse Friday when JPMorgan (JPM, Fortune 500) and the Federal Reserve Bank of New York said they would provide the brokerage a short-term loan. Bear was dealing with a classic run-on-the-bank: The firm's short-term creditors refused to lend the firm any more money and simultaneously demanded repayment of outstanding debt. The one-two punch overwhelmed Bear's cash position.
Treasury Secretary Henry Paulson said on Sunday that talks about how to rescue Bear had continued throughout the weekend. He defended the Fed's bailout on Friday as "the right decision" and said the Bush administration was ready to take other actions to bring stability to the financial markets.
The fast-track deal is expected to close by the end of June, the statement said.
Bear Stearns has approximately 14,000 employees worldwide.
A deep, fast fall
The deal marks an inglorious chapter for 85-year-old Bear Stearns, a storied Wall Street firm whose unraveling has been fast and furious.
Rumors that Bear Stearns was on the verge of collapse started buzzing around Wall Street trading desks last Monday. Chief Executive Alan Schwartz - who took over as CEO in early January from longtime chief Jimmy Cayne - appeared on television on Wednesday afternoon to reassure the markets that the firm was stable.
But by Thursday night, Bear was in a severe crunch. Some firms that trade with it effectively stopped offering it credit because they feared that Bear was running short of short-term funding, or liquidity.
Shares of Bear Stearns opened last week at $69.75 and traded as high as $159 last year.
First
Holy cow batman...
NEW YORK (CNNMoney.com) -- JPMorgan Chase & Co. said Sunday that it would acquire troubled Wall Street firm Bear Stearns amid deepening fears that Bear's demise could have sent shockwaves across the already shaky financial markets.
The deal values Bear Stearns at $236 million, or just $2 a share - shares had closed at $30 on Friday, down 47% that day.
JPMorgan is taking immediate responsibility for Bear's trading obligations and assuming "management oversight" of the firm's operations. The deal is subject to approval by shareholders but has already been approved by the Federal Reserve and other regulators, according to a statement released by JPMorgan. The Fed is providing special emergency financing for up to $30 billion in Bear Stearns (BSC, Fortune 500) assets.
With the global credit crisis worsening, the Fed - along with officials from the Treasury Department - has been taking dramatic action to help banks and prevent widespread panic through the financial markets.
"JPMorgan stands behind Bear Stearns," said Jamie Dimon, chairman and chief executive of JPMorgan. "Bear Stearns clients and counterparties should feel secure that JPMorgan is guaranteeing ... risk," he continued.
Bear Stearns was on the brink of financial collapse Friday when JPMorgan (JPM, Fortune 500) and the Federal Reserve Bank of New York said they would provide the brokerage a short-term loan. Bear was dealing with a classic run-on-the-bank: The firm's short-term creditors refused to lend the firm any more money and simultaneously demanded repayment of outstanding debt. The one-two punch overwhelmed Bear's cash position.
Treasury Secretary Henry Paulson said on Sunday that talks about how to rescue Bear had continued throughout the weekend. He defended the Fed's bailout on Friday as "the right decision" and said the Bush administration was ready to take other actions to bring stability to the financial markets.
The fast-track deal is expected to close by the end of June, the statement said.
Bear Stearns has approximately 14,000 employees worldwide.
A deep, fast fall
The deal marks an inglorious chapter for 85-year-old Bear Stearns, a storied Wall Street firm whose unraveling has been fast and furious.
Rumors that Bear Stearns was on the verge of collapse started buzzing around Wall Street trading desks last Monday. Chief Executive Alan Schwartz - who took over as CEO in early January from longtime chief Jimmy Cayne - appeared on television on Wednesday afternoon to reassure the markets that the firm was stable.
But by Thursday night, Bear was in a severe crunch. Some firms that trade with it effectively stopped offering it credit because they feared that Bear was running short of short-term funding, or liquidity.
Shares of Bear Stearns opened last week at $69.75 and traded as high as $159 last year.
First
I may pull some profits from AUY when it spikes to place here.
The tough part for me will be to sell my double thats closing fast.
I think we see alot more than a few points into mid may.
Im invested in AUY,but i also see the speculation potential to move it to dizzing heights.
By Ben Hirschler
LONDON (Reuters) - Canada's Yamana Gold Inc (YRI.TO: Quote, Profile, Research) will consider hiking its dividend in the third quarter of 2008 as it reaps the benefits of record high gold and silver prices, its chief executive said on Tuesday.
"By the third quarter, we will seriously have to look at what we do with that available cash and part of it will be looking at an increase in the dividend," Peter Marrone told the Reuters Global Mining Summit in London.
Yamana spent $4.5 billion on acquisitions last year to turn itself into a top mid-tier gold producer and expects to produce up to 1.3 million gold equivalent ounces this year, mainly in Latin America, with a goal of 2.2 million by 2012.
Marrone said he was looking to match the sort of pay-outs from major gold producers like Barrick Gold Corp (ABX.TO: Quote, Profile, Research) and Newmont Mining Corp (NEM.N: Quote, Profile, Research), which last year offered a dividend yield of just under 1 percent.
A comparable yield for Yamana would equate to around 4 cents a share per quarter, up from 1 cent at present, he added.
A higher dividend would be "good financial discipline" and would also attract yield investors -- a pool of capital around 10 times the size that focused specifically on gold miners.
Yamana acquired rival Meridian Gold and smaller Northern Orion Resources last year to bolster its portfolio. It plans to increase production progressively this year, with output in the second half exceeding that of the first half.
The timing of these deals leaves it well-placed to capitalize on soaring gold prices, which Marrone said had a "good chance" of breaching $1,500 an ounce this year.
If your not buying here you might be brain dead. LONG that is
Snots running down his nose. Greasy fingers wearing shabby cloths..............Hey aqualung.
I smell a sub penny coming. OUCH
Painful. Yet were up today.
Just a matter of time.
NEW YORK--(BUSINESS WIRE)--The Blackstone Group L.P. (NYSE: BX) announced today that it closed the previously-announced acquisition of GSO Capital Partners LP and certain of its affiliates on March 3, 2008. The purchase price, subject to certain closing adjustments, paid by Blackstone consists of cash and Blackstone Holdings Partnership Units currently valued at $635 million in the aggregate, plus up to an additional targeted $310 million to be paid over the next five years contingent upon the realization of specified earnings targets over that period. Additionally, profit sharing and other compensatory payments subject to performance and vesting may be paid to the GSO personnel.
GSO is an alternative asset manager specializing in the leveraged finance marketplace, with approximately $10 billion under management. It manages a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various CLO vehicles
Ive never been a real big fan of either AEM or JIMBO
Cramer said he sees a bull market in gold, and taking a cue from Peter Marone, CEO of Yamana Gold (AUY - Cramer's Take - Stockpickr), a stock which he owns for his charitable trust, Action Alerts PLUS, says the commodity could reach $1600 per ounce.
Since Cramer first recommended Yamana Gold back on June 6, 2006, gold has risen 56%, while Yamana has risen over 100%.
But Cramer now recommends Agnico-Eagle Mines (AEM - Cramer's Take - Stockpickr) as the gold stock to own.
According to Cramer, Agnico is the second lowest cost producer of gold behind Yamana, and after interviewing the company's CEO last Friday, he says the company's story is just too good to pass up.
Cramer cited the American Stock Exchange's gold index as one measurement of how undervalued the gold stocks are. According to the index, the entire gold sector has only a $200 billion market cap, while a company like ExxonMobil (XOM - Cramer's Take - Stockpickr) is valued at more than $400 billion.
Cramer said the gold stocks as a whole should be valued at double their current levels.
"Very rarely do I mention a company two nights in a row," said Cramer, "But I believe so strongly in gold and Agnico that I just had to go more in-depth again tonight."
Strong Insider Buying
I love it. Just give me a chance to buy more on the cheap.
This could be a short term problem
Ecuador, Venezuela, Colombia in war of words
Updated Mon. Mar. 3 2008 8:33 PM ET
CTV.ca News Staff
Ecuador broke off diplomatic ties with Columbia on Monday, after Columbian government commandos conducted a weekend strike against communist rebels inside Ecuador's borders.
Venezuela has also announced that it will be expelling Columbia's ambassador as a war of words erupted in South America over the raid that killed Raul Reyes, a prominent member of FARC -- the guerrilla army that is considered the world's richest insurgency.
FARC has been in a state of civil war with Columbia since the 1960s. Both Canada and the United States consider it to be a terrorist organization that is funded by the drug trade.
On Monday, both Venezuela and Ecuador began reinforcing their border with Columbia with troops and tanks.
Venezuela's outspoken President Hugo Chavez has called Columbia President Alvaro Uribe a "mob boss" and a "liar."
Columbia says their commandos first bombed a camp on its side of the border, before coming under fire from across the Ecuadorian border. They overran that camp, Columbia says, and encountered Reyes' body.
But Ecuador's President Rafael Correa called that story an outright lie, saying "it was a massacre."
Correa also called Colombia "a foul and lying government that doesn't want peace."
A Columbian official said that a computer seized at the camp where Reyes' was killed suggested that Ecuador was deepening their ties to FARC, which Ecuador is denying.
The seized computer also contained documents that suggest that Venezuela recently paid $300 million to FARC and that the rebels had appeared interested in buying uranium, Colombia's police chief said Monday. Another document suggests that rebels have had financial ties with Chavez since 1992, when he was jailed for leading a coup attempt.
On CTV Newsnet, Vladimir Torres, a consultant for the Canadian Foundation for the Americas, explained Venezuela's involvement in a conflict that seems to be between Columbia and Ecuador.
"The reason . . . is that it is a matter of domestic politics for Chavez," Torres said. "Chavez is in desperate need of some kind of external enemy that would allow him to exacerbate nationalism and galvanize his support."
"He wants some excuse to mobilize some kind of war situation, to call for some kind of state of emergency, so that he can accuse anyone who speaks of dissent as a 'traitor to the fatherland.'"
Torres says that it is unlikely that the situation will actually break into actual warfare between the three countries, citing the massive amount of trade that exists between the countries.
He said Chavez has exacerbated the situation by publicly asking that FARC be de-listed as a terrorist group and that Columbia's evidence against Chavez is very strong.
Chavez has recently purchased $3 billion in Russian arms, including helicopters and fighter jets.
I think its easy for us to see 22 into earnings.
With speculation and longs holding
Sweet.
Yes but watch him make putin the prime minister.
I dont think id want to read it. Let alone pay for it. LOL nice find
Patience is something your working on. I paid no attention to the bumpy ride.
I saw where it was going and why it was going there.
Its plain and simple....FIND VALUE AND BUY.
Sometimes you have to see the value before the heard. GLTY
well i see the stock did well.
Its nice to see an explorer move up when gold does.