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Stunning Gold/Silver Move UP
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Silver has formed a huge base, with significant support between $32 and $34 per ounce. From a technical standpoint this base is large enough to propel the price of silver past $50, and probably quicker than the investment world thinks.
Folks, there is no such thing as a risk free trade, There is no such thing as a free lunch, and there is no such thing as a one way bet. However there are certain times in an investment cycle when an outstanding opportunity presents itself and advantage should be taken.
Remember a bull likes to travel with as few on his back as possible, Well with Open Interest in silver at multi-month lows and with extreme apathy seemingly overhanging most of the precious metals mining sector, I'd say this mighty steed's carrying about as light a pack as he's going to get.
From last week's lows, Dynamic Wealth Investors is confident we are at or very close to the bottom of both the silver price and the miners and will be sorely disappointed if silver's not well past $50 and the Hui has not blown north of 800 by the start of 2012.
The HUI has also put in a formidable base around and below 500. It has rebounded to the upside three times from that area in swift fashion.
Tuesday’s move began to take out all near term resistance, but it set back. A move above Tuesday's high of 531.17 will set the stage for a sharp, and perhaps stunning, move to the upside…
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GOLD/SILVER $5000 gold 3-4 years away: Rob McEwen BNN.ca staff 4:07 PM, E.T. | July 4, 2011
Gold bull Rob McEwen, the founder and former chairman of Goldcorp,reiterated his call for $5000 gold Monday, saying it will happen within three to four years.
The CEO of Minera Andes and U.S. Gold tells BNN the price of gold appears to be jumping, but "the last bit is going to go straight up a wall, much like the tech market did."
He describes a change in investors’ attitudes towards owning gold as the price moves higher, where they start out not wanting to own it because they’ve never held it, and slowly decide that they have to jump in. "And that’s when we get this exponential slope," McEwen says, but adds "We’re far from it right now."
He anticipates five percent of the world’s financial assets will be invested in gold, an increase from the current level of one percent.
for video
http://www.bnn.ca/News/2011/7/4/5000-gold-3-4-years-away-US-Gold-CEO.aspx
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Our Recent Picks Moving North
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Tinka Resources Inc(TK:TSXV,OTCBB:TKRFF),Brigus Gold Corp(TSX:BRD AMEX:BRD),along with Trade Winds Ventures Inc.(TSXV:TWD,OTCBB:TWDIF,Frankfurt:TVR),all have gained in market cap this last week as precious metals regain the footing we knew they would.Dynamic Wealth Investors have warned our readers time and time again to not lose sight of the bigger picture in quality juniors. If you are a trader,the three companies above provide plenty of liquidity on a daily basis to take short term profits. Yet,if you are totally out of position,put on when we have brought these alerts to your attention,it would now be difficult to re-establish those positions at the recommended price levels.
Dynamic Wealth Investors believe markets should sooner or later recognize value and investors should focus on companies with the potential to build value. This would include brilliant management and a balance sheet that has swelled to execute on its strategy. Should metal prices provide for positive margins—and $1,500/oz. gold is arguably sufficient for projects to be economic—advancing projects up the value curve should lead to higher stock prices. Because the market may favor production or exploration, we look for companies with near-, mid-, and long-term upside. We believe this may provide the greatest opportunity for companies to gain recognition and secure and retain a shareholder base—in other words, build market capitalization. This characterization of near- to long-term upside fits the full range of producers, advanced development and exploration companies.
Caution:Investing and trading are two different strategies.We believe investing in quality junior resource explorers and producers affords us the most upside in bull markets.This current Dynamic Wealth Stock Pick may make you rich one day.But not in the short term.
We believe trading out of a position before the fundamentals and stock price merge is a sure way to seperate you from cash and future profits
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Hold ON
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You have not seen anything yet! The moves we expect in the juniors mentioned above should be ten baggers,long term.
Our Monster Pick,Brigus Gold Corp,may turn you in to one rich investor one day.
Management has succeeded in eliminating the hedge book and reducing debt.
Brigus has about $29M in cash and expects to produce over 73 Koz. of gold in 2011 at about $625/oz. As the company ramps up underground outputs with higher grades, production is expected to increase to over a 100 Koz. in 2012 and costs should drop. In addition to this scheduled upside in the near term, the area is known for deep underground gold mining. Brigus has had great exploration success near surface down the trend in the Contact and 147 Zone. Together, this indicates good potential to increase production and the life of the mine. Improving prospects in the near and midterm should lead to Brigus achieving an entirely new investment profile.
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Original Alert
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Name: Brigus Gold Corp.Website.http://www.brigusgold.com/
Shares outstanding: 188,814,081
Symbol:TSX:BRD AMEX:BRD
Suggestion:STRONG BUY
Share Price:$1.41 Canadian
Buy Price:Up to $1.75
Price Projections:2011:$4.00-$6.00.2012:$6.00-$11.00
Institutional Support:Strong
Country: Canada
Province: Nova Scotia
City: Halifax
Address: 2001-1969 Upper Water St, Purdy's Wharf Tower II Postal code: B3J 3R7
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Eric Sprott: Prepare for Bullion Prices to Go Supernova
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Chris Martenson, Jul. 5, 2011, 6:14 PM
I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems. And the resolution probably will be some form of default where people just have to expunge debts that cannot be repaid. So, you have got to be in some asset which will not be affected by that."
So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets - specifically what investors need to be aware of in terms of the way the markets are currently managed (manipulated), the macro outlook for the economy (grim) and the true value of gold and silver (very underpriced; particularly silver).
Eric sees the current "extend and pretend" intervention by world governments and central banks to prop of a fundamentally flawed baking system, particularly the vast money printing efforts of the past few years, as a ruse that is losing it's influence. Once enough people ask "Why have your money in a bank earning nothing? Why not have it in something that might at least maintain it’s purchasing power?", the capital flows into the precious metals will dwarf current levels, sending bullion prices much higher.
Read more LINK:
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Until next time,be quick,be liquid,be strong.
Dynamic Wealth Investors.
For the latest updates on your favorite company,call one of our representatives Monday-Friday 9:30am-4pm EST.
Always keep in mind,our employees are not legally qualified to give investment advice.Contact your government licensed investment advisor for counsel before making any decision affecting your financial well being.
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Quote of the week
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Zig Ziglar:
People often say that motivation doesn't last. Well, neither does bathing
- that's why we recommend it daily.
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