A quick look below at a weekly close of the BMO Junior Gold Index ETF ZJG-T shows just how the index has performed so far since February.
End Of Week News
May.28/10
Three taps on a top for Canaco CAN this week as news out looked not to bad. 60 meters at 1.67 grams per tonne from the Handeni gold project in Tanzania was all it took to take Canaco back to highs.
We've talked quite a bit about not only Canaco but also Tanzania. This African country is in some ways like a last frontier for junior mining companies. Lots of large players have been in Tanzania for years but now it is gaining in popularity with these smaller miners. In fact there was even a short Bloomberg write up stating that Tanzania was one of the global counties that was bucking the trend of the rest of the world.
This weeks sell off brought in some bargains too. For those who like to trade high volume stocks that are under the dollar, our favorite zinc player Breakwater BWR-T hit the mid 20's this week before a short bounce back up. Also hitting lows was iron ore miner Baffinland BIM-T.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
Mid Week News
May.26/10
Gold and silver sort of drifted aimlessly around today. After last weeks big sell off in the metals is it good to see gold back over the $1200 US mark though. As far as penny mining stocks go though the action was kind of dull. Even the HUI which was hot at the open drifted back throughout the day.
One of our moly players that has seen a lot of action this year was trading well today and trading up after the short sell off. Prophesy PCY which is not only into moly but also did the merger with Red Hill has had a string of announcemnets regarding their operations over in Mongolia. The stock was up 11% today to the upper 60 cent range. They are getting geared up for a large coal play over in Mongolia.
In silver stocks Silvermex SMR is in the lower 30 cent range right now. This is quite an attractive and active play in Mexico. Silverquest SQI was up a nice 10% today to the middle 40 cent range.
We don't really follow anything but penny mining stocks here but we would like to add the following about a small oil player. Genoil GNO is a small oil service company and it's stock popped yesterday. Rumor is that they could become involved in that blow out in the gulf. They may have some technology that could be used in the clean up?? Not sure as we can't seem to find any official news but either way it was a good day for those weary old long holding shareholders.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
This Week Ends!! Finally!!
May.21/10
What a week. Anything and everything went down. All in all it looked pretty grim although today there was some sort of sunshine in the gold price for a brief moment. Palladium really took a whack in the past few days but did a turn around today.
In penny mining stocks, well there really is not that much to talk about. One look at the image above will tell the story. If the stock didn't go down it just didn't trade.
The reasons for the fall this week was the Euro, the return of the credit crisis, global uncertainty, over the counter derivatives, unbacked mortgages, broken banks, not enough growth and .... gold is in a bubble.
Long weekend here. Get out an enjoy the first of summer. Tuesday will come soon enough.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
New Penny Mining Stock
May.18/10
One of our jobs here at penny mining stocks is to tell others about new penny mining stocks. Those being new companies that are getting started. Last month a new miner Nuukfjord Gold NUU went on the market. This is a company that is focused on working in Greenland. Of course Greenland is place that we follow to some degree because of a rare earth miner there. That miner is Hudson HUD and we have talked a bit about them on this site. The chart below is that of Nuukfjord Gold.
The stock has around 40 million shares and cash on hand. The best part is they are active in a project and news seems to be coming out on a regular basis. This could be a very interesting company to follow.
Last write up we mentioned Western Copper WRN-T having a bit of a slip on news from their water permit being rejected. Since then the stock really took a hit but today it had rebounded back to some degree.
Lots of the stocks we follow are quite dead in the water with gold and other metals being sold off the last bit here. One of the stocks we had watched way back was Canasia CAJ and made comments back in November that we felt this player was going to be stuck in the teens. Today we checked and saw it has been in the single digits for the past few weeks. They have some interesting projects so now might be a time to do some DD.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
More New Highs
May.12/10
New highs today for gold again. A lot of the stocks we follow were quite active today and one of them hit a new high. Tanzanian Royalty TNX-T broke out today and set a new intra-day high of $5.16 going past the old 52 week high of $5.15.
Speaking of Tanzania, Canaco CAN rallied quite hard today also. Up close to 10% on the day trading into the higher 60's. Eagle Hill EAG traded over 3 million shares today and was about 25% at one time during the day.
Got an email from a reader who gave us a heads up here about a silver miner to be on the watch out for. Silver Falcon Mining SFMI is a smaller miner and will be online to become a producer shortly. This is an American listed company on the OTCBB. They have an active mining project in Idaho. We haven't had the much time to spend looking over the facts but from what we have seen so far it does look like an interesting play. Be sure to do your DD.
In other news we see that the Yukon water board has rejected a proposal by Western Copper WRN-T for their project in the Carmacks area of Yukon. Their stock was off again today on lighter volume.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
New All Time High For Gold
May.11/10
Gold hit a new all time high here today. Silver after being sold down last week did a huge come back as well. This is good to see. Higher commodity prices means higher stock prices down the road.
In stocks though it seems not much action to the upside in the smaller players. I noticed today that there was large increases in the majors and mid tier companies. Some of these players were well up over 10% today. CGA Mining CGA-T was up 18%, Semafo SMF-T up 12%, Jaguar Mining JAG-T up 11%.
In smaller plays our silver miner we follow Silvermex SMR had news with great results. Unfortunately it did little for the stock price. The stock did trade up during the day but did end down a half cent at 41.5 cents.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
HEE HAW .. MORE BANG! CRASH!
May.6/10
WOW, what a day. The Dow was down over 1000 points at one time today before someone stepped in. While those in the general market got an unexpected hair cut, us gold bugs here got an unexpected visitor from the heavens. Gold was up nice. Way up over 30 bucks to surpass the $1200 US mark. Even with a high US dollar hitting close to the 85 mark, gold still powered higher.
One of our watched and held Tanzanian player Tanzanian Royalty TNX-T was setting close to 52 week highs again. After some encouraging news from their RC drilling program the stock performed well. Up almost 7% today. This is real encouraging especially when the day is general for most stocks was down.
Most of our other players on watch just traded within a few cents of up and down.
Tomorrow should be an interesting day. It will be interesting to see if gold continues it's upward swing and also if silver will make a move. Silver today traded more like an industrial metal than a precious metal.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
BANG! CRASH!
May.4/10
Well today was a write off unless you were on the hunt for bargains or just wanted an excuse to sell out low on some stocks you were holding. Equities, metals, oil and everthing between was off. Way off.
So was today a day of profit taking like some say or was it a day of sell offs because the US dollar was on a tear. It was up almost a full cent today. No matter where you go on the net everyone has a different take on the day. Our take is that it is just another day.
Silver manipulation. Head over to Kingworld News when you have time and take a listen to Ted Butler. Amazing interview. Things could, I said could get interesting if the powers that be deal with the task at hand. One of the reasons why I hold physical silver and not the ETF paper types.
Speaking of silver, there is an article of where this guy says silver could not only go to triple digits, but it could go into the 4 digit area.
Bargains today, Hard Creek Nickel HNC was off almost 15%. Down to a low of 35 cents.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
We're Back & It's A New Month
May.2/10
Had a bit of a break for a few weeks. While we were out gold rallied well as did palladium which is hitting new high highs for the year.
Some of the plays we are watching have done quite well also. Canaco CAN popped quite hard late last week for no real reason at all. Could be news out as they are active on their project in Tanzania.
Speaking of Tanzania, our newest player Sidon SD also hit a new 52 week high of 9 cents. We put this small player on watch back on the 9th of April at 5 cents, so we have almost gotten a double in this play. The stock ended the week at 8 cents.
The one thing about this player right now is that volume is getting heavier so there is some real serious trading going on. Once this breaks the 10 cent area things could get quite interesting especially if volumes stay high like they are.
Also keep in mind that Tanzania is really starting to get noticed on an international front and there is not much land options for small players like this. Most of Tanzanian mineral properties are held by the likes of Barrick ABX-T and some mid tier companies like Tanzanian Royalty TNX-T which controls a huge area of highly prospective lands.
Well let's see how next week trades in the metals and the miners.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
Sell Off OR Profit Taking?
Apr.16/10
What a dismal day today for metals. Actually anything commodity is ugly. Gold was down almost $30 at one point and silver close to a dollar. Most stocks just showed red arrows pointing down.
EcoMetals EC had news out the other day. Gold grades not good. This is one of the reasons we here at penny mining stocks try to express that one hole does NOT tell a story. It takes hundreds of holes before you can get the big picture. Small single shot plays are for trading and not investing.
Prophesy PCY and their partner in Mongolia, Red Hill RH were halted today. There is negotiations of a merger between the two.
Golden Triangle plays. This is term that has been around since way back in the 1980's. The golden triangle is an area in northwestern BC that is known for rich mineralization area. This area is also being explored quite heavily. Some of the miner we are watching are exploring in this area. Miners such as Hard Creek Nickel HNC, Copper Fox CUU, Skyline Gold SK and Romios Gold RG. These will be interesting plays to watch over the next while. Below is a chart of Romios Gold.
Another golden triangle player to watch is BCGold BCG. BCGold has the Voigtberg property which covers approximately 30 square kilometres in northwestern British Columbia. These claims are 40 kilometres east of the Galore Creek deposit owned by NovaGold NG-T. These areas back in behind Dease Lake and out toward Telegraph are very interesting from a geological point of view.
Some things to make note of. Copper Fox CUU is seeing a fair amount of insider buying. Copper Fox has a one of the largest copper/gold deposits in Canada. Around 1.3 billion tonnes of measured & indicated resources of 0.20% copper.
We will be away for a few weeks here so there will be no new updates until the first week in May.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
Palladium Keeps Going Up
Apr.14/10
When watching gold and silver it can sometimes get a bit boring seeing the same old one day up and then second day down. A few months go by and you find your are no further ahead. Not so with palladium this last while. I see today it was up around $20 bucks. Up something like $40 bucks in the last few days. Too bad we didn't have a basket of palladium stocks!
As far as stock plays go it was just a bit of give and take with the plays we watch. News out about Prophesy PCY and their partner in Mongolia, Red Hill RH are going to do a merger. There is quite a long detailed description of a news release that goes through all the nitty gritty details of who gets what and that sort of thing. For those who are interested, you can head over to the website and view everything. Most of that stuff puts me to sleep. Reading drill results, now that's different.
About a year ago or so we talked a bit about shale gas plays here on the site for while because they are sort of along the same lines as coal and coal mining and coal bed methane and besides they are resource related. One of those plays we talked about back then was a small company that had wells in Saskatchewan called Nordic Oil & Gas NOG. They were the ones that had this oil that migrated to the surface in some places. Anyhow I got an email from a reader who has been following a different small play in the heavy oil business and he let me know that this company, Western Plains Petroleum WPP is forming an alliance on Nordics Lloydminster property. When one looks at the price of crude today and then looks down the road a few years the upside for crude is pretty good. Getting involved in a small player like Western Plains Petroleum WPP maybe well worth a look. The stock has 35 million shares and insiders own 65% of them. Not much wiggle room for trading sideways. Some of these small oil plays will make investors quite wealthy down the road. Especially if they got in a low price.
There will be one more write up this week (Friday) and then we will be no write ups for a few weeks as we will be away till the first week in May.
Also on an added note, we have had some great reviews of that new Mining Stock EBook that we are selling here. Remember, becoming a better investor or trader requires better knowledge.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
A Couple Of Monday Flyers
Apr.12/10
We had a few real flyers today. One of course was one that we have watching for quite some time and that was Copper Fox CUU which posted a gain of 17% on the day. Hit a new high also on 6 million shares.
The second flyer today was a small player called Skyline Gold SK. We could not find any news of any kind but we will be watching this player for a bit from now on. We do know that they are a player in the "Golden Triangle" and that of course bodes well for any player that is situated in this famed area.
Our Hard Creek Nickel HNC turned around today and headed back upward also posting a gain of 3% and closed at .59 cents. We also happen to noticed that Tagish Lake TLG got itself halted. News is the small miner is looking at bankruptcy protection. Most other player we watched just traded sort of hoe hum.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
End Of Week
Apr.9/10
Good week all around for metals and for a lot of our favorite stocks here that we watch. The top of the week trade here was for our copper play Copper Fox CUU which posted well over a 50% gain on huge volumes. The strange thing is this. Copper Fox is the ONLY copper play we follow and have been following October in 09. See the chart below.
Our nickel player, Hard Creek Nickel HNC was off today. Profit taking is our guess. After a few days of run up there are always those who are ready to cash in.
Got an email asking why we are watching Sidon International SD. We are watching Sidon for a few reasons. The main reason is Tanzania. This is an African country that has the third most gold resources on that continent. Some of the largest deposits in the world are located here. It is a very rich country resource wise and is largely un-explored. Barrick ABX-T has a large operations in this country. Mid tier companies like Tanzanian Royalty TNX-T hold vast areas of mineral rights in this country and options some of these lands out to various resource explorers such as MDN MDN-T. So the potential is great. That is the main reason.
The second is of course their exposure to the Windfall prospect which is in the direct vicinity of the recent discovery on the Windfall Lake property by Eagle Hill Exploration EAG. Eagle Hill announced intercepts of 19.61 grams per tonne gold over 33 meters at the Windfall Lake prospect last month. Lastly, what else can you buy for 5 cents?
Today is the last day to sign up for a free trial of Market Club. After today thats it.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And check out that new updated Mining Stock EBook
Gold At $1150
Apr.8/10
Good to see gold hanging around that $1150 mark for a change. Silver sitting right around that $18 mark is welcoming sign also as is palladium over $500.
Few stocks have been doing well. Yesterday Copper Fox CUU was up well over 30% on real high volumes. Things are looking up for this play in northern BC here. The real big hit for us here though is Hard Creek Nickel HNC. This stock is up over 40% today. This is the only nickel play we have on our hot stock watch and it has been thee since way back in 2008. We like the area because it is in the golden triangle and the potential is huge for this play.
We have been talking a bit about this play here for the past week so we hope some of you readers caught on a maybe picked a few of these shares up. This is also another northern bc area play.
We have a super small play here that we feel has potential. We will be adding it to the hot stock list even though it does not fit a few of our requirements. After watching plays like Canaco CAN do so well because of Tanzania we feel that we should give a good look into Sidon International SD. We mentioned them a few days ago and because they are so cheap in price they are one of those set and forget plays. Buy a few and forget about really trading them. Let the trend be your friend as grab samples and drill results will pull the stock price. What else can you buy for 6 cents? Always watch volumes on plays like this to give you a heads up that there is accumulation going on. Once several million shares a bought up on the cheap it's usually blast off time.
We mentioned in the last write up about the Mining Stock Investor Guide ebook and said the price was about $18 bucks. Just a note that if you missed out on buying it too bad as the price is now to $30 bucks. It is still a bit cheaper than the older version and has a lot more up to date information so it still is a good buy.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And buy that EBook
Start Of A New Quarter
Apr.6/10
Nice to see metals up again. Two days in a row so far this week. We see a lot of the penny miners are taking note and it looks as if some investors want to be back in the game. Everything we were watching today seemed to be heading up or at least had some trading volumes. Canaco CAN traded well up to 48.5 cents again on 500,000+ shares.
That hot stock nickel miner of ours hit a new high today. Hard Creek Nickel HNC topped 44 cents. This is quite surprising as nickel plays don't really seem to be doing very much these days even though the price of nickel is up to $11 a pound. It is good to see because we have had this player on our list here since back in 2008.
You can also see that volume was up over normal so maybe there is some news in the near future??
Also along the line of nickel was news that Crow Flight Minerals CML was being presented an offer from a Chinese company. There stock today popped 30% to .22 cents.
That St. Elias Mines SLI was up another 10 cents today. We can't figure that one out at all. The company even reports no material changes yet the stock still trades like crazy. Could be just day traders trading amongst themselves.
For those who come around here often, you will notice we are selling the Mining Stock Investor Guide again. Note that this is the new version. We took the old version down while they were writing the new one with updates. If you have not purchased this book yet, do so now because are a few more days the price will go back up. I think it is priced right around $18 buck right now. That pricing was for one week only. It's a great book. For the price of commission on a few trades this book could very well save you thousands now and make you thousands more down the road.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
And but that EBook
It's Easter
Apr.2/10
Forgot all about easter this year for some reason. Thought it was next week. Went to check out how things were trading this morning and saw nothing happening and then thought that maybe today was Saturday. I guess that was why volumes were so low yesterday. A lot of traders maybe taking an extra long weekend. Anyhow to anyone who is reading, Happy Easter.
We were talking about St. Elias Mines SLI in our last write up. Even after the the news came out that nothing is new, the stock rebounds. Up about 10 cents on lower volumes.
Cup and handle coming up for palladium. Been a long time coming but still performing better than most other metals. Most palladium comes form Russia and there was a video we posted a few months back about the shortages in palladium.
A small gold miner in the Yukon we have watch a bit over the years off and on has become active a bit more. Tagish Lake TLG has been sitting a 1 -2 cents for the better part of 2 years. This week it bolted up to .065 cents for a day and volumes are high. The stock did close back to around 4 cents. News was out about a private placement of about 14 million shares. Once these players get money its time to keep an eye out on them as they mostly have work planned of some kind that can translate into news of another kind which could maybe give the stock price a boost.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
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Crazy, Crazy!
Mar.31/10
Last day of the month. Gold is up a bit as is silver and the rest which is a good way to end the month.
Crazy trading today on St. Elias Mines SLI. Anyone who says they use technical analysis on trading flat lined penny stocks and makes money are what we would consider either very smart or just plain crazy. This is a classic case of roller coaster trading. AKA - Pump and dump?
News release from SLI this morning was issued and reads:
Ms. Lori McClenahan reports
ST. ELIAS MINES LTD. NO MATERIAL CHANGE
St. Elias Mines Ltd. has experienced no material change in the affairs of the company.
So we are now wondering where the stock price will go from here? Back down to 10 cents?
Tanzania is getting some more juniors seeking opportunities. A small miner today put out news about their involvement in Tanzania. Sidon International SD has acquired some gold mineral properties in that country and will be looking at doing do exploration. Their stock was up 1 cent to .055 cents today on almost 5 million shares. For this price it might be worth grabbing a few thousand shares for that just maybe could be what if situation.
Of course we follow and hold other Tanzanian miners and have been quite some time. Players like Canaco CAN, Tanzanian Royalty TNX-T and MDN MDN-T
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
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More Sideways Trading
Mar.30/10
Well one more day this month. The whole month seems to have gone by fast but as far as making good turn overs in trades it has been a bit slim. Other than a few like EcoMetals EC that screamed north only to fall back even lower, everything else we watch trading wise seems to be pretty mundane.
Was reading an Kitco article where this fellow said he expects gold to stay flat the entire year of 2010. Yet I read others that claim we should see $1,500 gold by summer. Until there are major moves in the metal I don't think there will be any major moves in the penny miners other than the announcements that some out from various miners that will move that particular stock. Other than that I don't see an industry wide move where the old saying of "A rising tide raises all boats" happening. Being a gold bug I do hope that this writer is wrong.
Way back in 2008 we added Hard Creek Nickel HNC as a hot nickel stock. We liked the play because of their Turnagain Project in northern BC. Right after we listed the stock as a hot stock, it did nothing. Go figure. Anyhow after a year and some later like this past month the stock has been a real performer which is surprising because nickel right now is not really in favor like say copper or even zinc. However, the stock has done well this month and volumes are picking up. Well enough to put back on the radar and keep a watch on.
A lot more interest is taking place to the players that are working in this area due to the hydro-electric projects that are projected to be built that will one day serve power to these properties if they do become mines.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
Improve your trading. Take advantage of this "Online Trading Course" compliments of INO.
End Of The Week
Mar.26/10
Oppps! What goes up, does come down. Sometimes fast! Penny mining stocks are like riding on a roller coaster. It's always fun going up but scary coming down. Today EcoMetals EC came down and came down hard. Down like 45% down. That's like half your cash gone.
I'm not going to get into the particulars on this one the headlines says it all for right now. Ecometals drills uneconomic levels of gold at Rio Zarza.
You see one hot hole or two does not really mean a thing and it does not matter who or what is next door either. It wasn't that many years ago when Messina Minerals MMI hit one of those headlined hot holes and everyone buying in like mad. Well a few more holes proved something a bit different as the chart below will tell. There it is today boys. 8 big pennies worth.
Prophesy PCY powered higher this week but soften up a bit today. Their partner in Mongolia Red Hill RH did well also closing at .77 cents.
Small write up in the Yukon News about a small junior who is onto some big things north of Watson Lake. Northern Tiger Resources NTR is exploring some ground that it acquired from a prospector who found specimen gold. You may want to keep a small player like this on your list. Here is the link to that news piece.
Not much else new here for the week. Next week we hope to see a continuation of gold going up? Let's hope.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
Improve your trading. Take advantage of this "Online Trading Course" compliments of INO.
New Week & More Of The Same
Mar.23/10
Nothing really new here in metals. We think as long as gold, silver and copper stay in the sideways chop like it has for the past umpteen months, we can expect much of the same as we have been getting.
Some stocks did well half way through the day even on low volumes. El Tigre Silver ELS a small silver miner we mentioned last week closed up 10% or better on low volumes. Eagle Hill Exploration EAG was up 18% on over million shares trading.
You know, we had this player here, Prophesy PCY on our hot stock list since October 20 2009. At that time it was 15 cents or so. We put it on watch because of their moly play on the west coast here. Anyhow today this stock tagged .... $1.08 and closed at a new high of .96 cents.
Their partner in Mongolia Red Hill RH also climbed 14% higher to .71 cents.
Well there are 3 more trading days in the week. Maybe there will be some more winning action.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
Improve your trading. Take advantage of this "Online Trading Course" compliments of INO.
Gold Ends The Week Down
Mar.20/10
Gold and most other metals ended the week on a downside. Silver was down almost 50 cents. Of course we see a dollar rally and and euro sell off so it's more of the same. The BMO Junior Gold Index ETF ZJG-T was off the last 2 trading sessions. How the next week will be for trading is anyones guess.
Not a lot of super hot news out there. Most boards and sites showing the same old hoe hum stories. We on the other hand do have something new to tell readers.
There is a new silver miner that just got listed here in the last week or so. El Tigre Silver ELS is a small start up silver company in northeastern Sonora, Mexico. El Tigre owns 100% of the 388 hectare El Tigre Property which has a historical estimated resource of 117 million ounces of Silver. NOTE: this estimate cannot be relied upon under 43-101 standards. Stock wise there is about 23 million shares out and management and insiders own 60% of that. We will be watching this small miner here for a while like we do with most of these new ventures and start ups.
Hopefully we will see a more positive week in metals this week. This is going on what ?? ... 3 months now of sideways trading? Some might be throwing in the towel on some of these plays soon if things don't turn around. Notthat much longer before we head into the summer doldrums again.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
Improve your trading. Take advantage of this "Online Trading Course" compliments of INO.
PCY Breaks Out
Mar.18/10
Big news the last few days for one of our moly players. Prophesy PCY and coal partner Red Hill RH had a string of announcements in regards to a private placement and also their coal project in Mongolia. Prophesy was a 4 cent stock just back in October. Went into the .80 cent range today. Prophesy ended up 13% on the day while Red Hill was up 18%. Nice set of charts below.
Mongolia is one of those countries we don't really hear to much about. One thing to keep in mind is that there are quite a few small to medium sized exploring that country. Aside from coal of course the country is a very large placer gold producer. And of course we can't forget about uranium. One of the larger players in the country is Ivanhoe IVN-T which has a large copper gold deposit. Other companies in Mongolia include Khan Resources KRI-T and Mega Uranium MGA-T
Silver miner, Silverquest SQI has had a good run the last couple of days. This a small player we should have bought into and just held. Oh well, another day.
Until next time .... Watch those pennies!!
Improve your trading. Take advantage of this "Online Trading Course" compliments of INO.
News Piece From PDAC
This is a news bit from the PDAC with the gold report and John Kaiser. They are talking about the amount of money the is getting ready to be invested into the metal plays. You can read the whole context here.
TGR: Did you have any specific goals for your newsletter or your personal business that you were able to accomplish at the conference?
JK: I always take in the commodity talks on Sunday. This year I found that very helpful, and one theme that did emerge is the growing role of hard assets as a target for managed money. Martin Murenbeeld (Commodities and Market Outlook, Gold/Silver; DundeeWealth Economics) emphasized that $40 trillion of about $117 trillion worth of financial assets in the world is so-called managed money. In other words, fund managers are running it. Of this $40 trillion, about $200 billion is in what you would call hard assets such as gold, silver, copper, ETFs, futures; these sorts of instruments linked to raw materials. Martin suggests that the trend is going from this relatively small sum to nearly $1.3 trillion; in other words, 3% of the managed money going into this category. Should this happen, there's nowhere near enough gold at the current price
Gold IS Starting To Shine
Mar.16/10
Gold was up nice today along with the other metals. Lots of penny mining stocks doing well also. The BMO Junior Gold Index ETF ZJG-T is was a nice 2.3% today. Closed on a new high of 14.79.
Last week Friday we felt that Explor Resources EXS was oversold so we picked a few of those up being hopeful that the new week would be good to us. Turned out to be a good buy although we did sell out today. Bought back into Canaco CAN. We will see how that move pans out over the week.
We also run the web site Junior Miners so we do know that there is over 2000 penny mining companies out there. What we don't know is which ones are getting active. Thanks to one of our readers we were put onto a real sweet flyer here. Eagle Hill Exploration EAG. This player is doing gold exploration work in Quebec. You may want to put this play on your watch list. Nice volumes at the moment so it could be a fare trader.
Our rare earth Greenlandic player Hudson HUD was also up nice. We don't really follow to many rare earth plays but this is one that we do because of their location.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Start Of A New Trading Week
Mar.15/10
This week could be shaping up to be an extraordinary week in the markets.
Last week we gave you a Trade Triangle alert to exit the gold market on the long side. Since that alert was issued gold has dropped significantly.
Today's short video will bring you up to date with our thoughts on what we think is going to happen next to gold.
As always these videos are free to watch and there are no registration requirements. I would really like to hear back from you in regards to your thoughts on this video.
Just Click Here to watch.
End Of Week
Mar.13/10
Markets were sure crap this week. One would think that sooner or later we will break out of this side ways bashing of up down, up down. Watching these penny stocks trade is getting rather ill.
Speaking of ill, we are not really sure what the problem is with Explor Resources EXS. Last week there was a big newsletter write up of some kind touting the stock and of course Monday morning a week ago the stock blasted up over 60% with super high volumes. Then midweek it started to tank. This week it continued to tank. It has gotten so low that we figured it was time to buy in. If it was over valued then, it has got to be undervalued by now in our minds. We could be wrong on this one too but we will find out soon enough. Soon as in Monday morning soon. ;)
One of our silver miners did real well also. Silverquest SQI popped to new highs this week. Hit 47 cents with a close of 42 cents.
On of our other silver miners we are following, Silvermex SMR has been trading sideways for close to 6 weeks. At some point in time there should be a buy signal for this play and Canaco CAN which is another one we are waiting to get back into.
Prophesy PCY is a moly play we are following also. This stock trades on the thin side then suddenly it trades like crazy. Looking back a month or two this is one play that just won't quit. What is real sad is that we didn't load up at 5 cents and hold. This is the problem with a lot of these small penny mining plays. You can buy them for under a nickel but 2-3 years later they are still under a nickel. Or you could luck out and buy on spec and have the good like this play does. Question now is just how high will it go?
Well that does it for this week. Jim Sinclair the CEO of Tanzanian Royalty TNX-T who is also known as Mr. Gold, says come the end of March and the gold market changes. We sure hope so and looking at the above charts does put a slight grin on our faces. We hold his stock and we are LOOOOOOONG on GOLD!
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Gold Sells Off
Mar.10/10
Don't really know what the reason was today for gold getting sold off. I have read that it was because the issue in Greece is all settled, the economy is turned around, there are no buyers for gold and even an article that states China no longer wants gold. So there you go. Find one of the above reasons and call it your own.
Even with gold down as much as it was the BMO Junior Gold Index ETF ZJG-T only was down 1 cent today. Most of the plays we watch were done in the morning but most rebounded back.
One of our favorite zinc players Breakwater BWR-T sold off today also. Down to 40 cents on 5 million shares. Hit a low of 38 cents. Speaking of zinc, our other hot stock zinc miner popped today. Murgor Resources MGR was trading on higher than normal volumes. Closed up at .18 cents. Hit a high of 21 cents. Not bad on a down day.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Gold Catches Traders by Surprise
Mar.9/10
The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub's daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.
The action yesterday confirms that we have more of a two-way market. We expect we'll see further selling on any rallies from this level.
In today's video, we'll share with you some thoughts we have on gold based on one important element: how gold energy fields propel this market.
Simply visit this link and get watching.
New Week
Mar.8/10
After last weeks close on gold at $1130, some of us thought maybe, just maybe things were looking up for the penny miners. Today comes along and it's a big sell off again. The old 2 steps forward, 1 step back is getting to be more like 2 forward and 2 back. Since December we have really gone nowhere with the gold price. At least silver and the other metals are still going upward.
One of our nickle stocks on watch that has done very little (price wise) in the past finally started to makes some moves. Hard Creek Nickel HNC updated positive preliminary assessment study of its 100-per-cent-owned Turnagain nickel project, located near Dease Lake in British Columbia. This of course sent the stock a bit higher last week.
Explor Resources EXS continued its sell off some also today. Down another 18% to .66 cents. The chart is too spooky to publish at this time.
Golden Goliath GNG traded over 300,000 today and was up a penny or two. This has been one of longer term silver players that we have had on our site for a couple of years now. Good to see some good results coming from this small silver miner.
Day Trading Made Simple (special video)
Today our partner has opened the doors to one of their most
popular videos housed within INO.com. This video has been
viewed by thousands of paying subscribers who want to expand
their day trading knowledge with the help of renowned trading
expert William Greenspan!
As a Penny Mining Stocks reader we wanted to extend to you the chance
to watch this video for free.
Simply visit this link to start watching.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
End Of Week
Mar.5/10
It was a fair week for metals. With gold holding close to the 1130 US mark there is good chances that it could carry on upward. Silver will be the one to watch though next week as there is the COT report showing a drop in short positions. How that will effect the small silver miners we watch is anyones guess.
Speaking of silver, one of the small players we watch Golden Goliath GNG had news that announced some pretty impressive results. This stock has been a thin trader in the past, but now with the stock price in the mid 20 cent range more trading will take place.
Also on the new release front Yukon-Nevada YNG had news stating they had drilled 32.98 gram /ton Au over 9.14 meters on their Ross River project in the Yukon. The stock had a nice pop from around 21 cents to 28 cents.
What can start off as a great week for some can end in a not so good week for others. On Monday morning Explor Resources EXS popped and was running hard. The stock was just at about $1.05 or so. Over the next few days the stock rallied to a high of $1.60 and then collapsed all the way down today to a low of .66 cents and finished the day to close out down .10 cents to .81 cents. I guess it is all in how you interpret news and how news letter writers write the story.
The BMO Junior Gold Index ETF ZJG-T was up a wee bit today but volumes were light and closed just shy of the high.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Great Day 4 Gold
Mar.2/10
Lots of write ups stating that the bottom in gold and metals is past and we are now in an upward trend. Lots are talking $1500+ gold this summer. Some are even higher. We would like to see some higher silver prices ourselves. Lots of good bargain out there in silver plays.
Lots of penny mining stocks rallied today. Explor Resources EXS was up another 20% on double volumes from yesterday. Canaco CAN never did fall to the low we felt it could. This small player turned around yesterday and continued on upward another 15% today on higher volumes.
The BMO Junior Gold Index ETF ZJG-T hit a new high today also. Up almost 2% on the day. Closed at 14.46.
Rumor mill. Tanqueray Resources TQY is stirring. If they get the money they need they will be buying into an oil venture that is already in business.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
First Trading Day Of The Month
Mar.1/10
First trading day of the month. February was kind of sluggish month with little happening on the overall picture. There were a few plays that made news but mostly it was quite quiet. Hopefully this month the penny miners will start to see some action and maybe some higher trading volumes.
The BMO Junior Gold Index ETF ZJG-T was up a wee bit today but volumes were light.
There were a few plays though that really rocked today. One of those plays is one we have talked about here from time to time and followed for a while a year or so back. Explor Resources EXS traded higher volumes, 1.7 million and was up 20% today. Something tells us that maybe news is out around the corner. The stock did close on a high of $1.25.
Another player we noticed today, Crew Gold CRU was also up on news that they may get bought out. The stock was up 35% to close at .38 cents.
Still good cash to be made trading First Majestic FR-T warrants. If you have some patience and don't mind low volumes a few swings a month is all it takes for some tidy profits. We've been trading these since they were issued last year in the spring. There is still a good year left on these warrants.
Anyhow that about does it for todays write up. Keep your eyes open on Explor Resources EXS this week as there may be some news.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Last Trading Day Of The Month
Feb.26/10
Short month February is. Just as well as come the month of March we are that much closer to spring. February is always an off month for gold historically too so now that the month is done we can hopefully get on with things.
Some gold stocks found bottoms here this month. Hawthorn Gold HGC is one we follow and it tagged almost back down to 52 week lows.
We mentioned earlier this week that we think Canaco CAN could fall back to as low as 32 cents. It closed today even at .385 cents but did hit 36 cents during the day. We feel that this play has a lot going for it so really what is a few cents either way when looking at longer terms.
Eco Metals EC had a good run from it's low and is holding well even under lower trading volumes. Lots of big news on this player and it is well worth doing DD on.
Also our Greenlandic explorer Hudson HUD did well. Hudson is a rare earth explorer in Greenland with some very promising properties.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Looking At Silver for All the Wrong Reasons .
Feb.23/10
Todays video is a must see for those of us who are keen on silver. We are really bullish on silver and silver miners. Some of our most favorite picks are silver plays. That is why this video today is not only of great importance, but also a concern.
Watch Video Now
One of the players we have been watching for some time is Canaco CAN. we like this play due to the fact that they are in Tanzania and Tanzania is a great place to be as far as gold, silver and nickel go. This is a country that is largely un-explored but has great upside potential in regards to mineral wealth.
The stock has been slowly dragging downward since it's last new release. Some are wondering just how low the stock price can go. We feel that the stock could drop even further. We feel that maybe even as low as 32 cents. That is where support could be. Not should be but could be. The stock closed down 1 cent at .39 cents today and was as low as 37 cents.
Be sure to watch todays silver video if you have not done so.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
New Week
Feb.22/10
After last weeks roll on gold and silver and a few of the other metals, we felt that today would be a good continuation of that run. Not so. All metals mostly down or flat at best. Of course some of those players have to defeat those odds. Worse case is when you are not holding a position in them. As an example you can see today that one of those plays Eco Metals EC make a pop of over 80%! With a slow downward trend over the past 2 months, why would today be different? Well news out today for a continuation of drilling and expansion on drilling along with favorable results and this is what happens.
Meanwhile the entire BMO Junior Gold Index ETF ZJG-T index is off on super low volumes.
On our hot list we have a small uranium player that is also a rare earth miner. The company is Forum Uranium FDC. The stock has been overly active lately and the stock price is on the rise. You may want to keep this small player on your watch list if you are interested in uranium or rare earth plays. They did have news out a bit ago about their drilling program in the Athabasca Basin.
This small player has a lot of land holdings in the Thelon Basin area of Nunavut and the Athabasca basin region. The Athabasca Basin area is well known for uranium. The Thelon area is also well known for exploration plays and the Meadowbank gold mine is also in this same area and they are scheduled to start up soon.
Anyways we will have to see how the rest of the week plays out. I read that gold options expire this week?? Could be mistaken??
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Sign-up for "Perfect Portfolio" Webinar this Friday
Feb.18/10
On Friday, as in tomorrow, INO is going to go into detail about this hypothetical
portfolio and it's conservative strategy. This set-up is "perfect"
for those of us who don't want to look at our brokerage accounts
every day.
The "Perfect Portfolio" covers 4 ETF's and Adam from INO will look at each
and also cover the strategy used to trade them.
In order to register for this free web seminar which is available to
all readers, simply visit the "free web seminar" link below.
Free Web Seminar
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
"Five Reasons Why Gold Will Not..."
Feb.17/10
If you just stopped around today and are kind of bored we have a very interesting gold video today that Market Club put out. As a gold bug I tend to disagree with it but then looking at some of the charts they have it is hard to argue with.
What Do YOU Think Of This Theory?
Metals Turn Again
Feb.16/10
Gold, silver, copper and almost anything metal turn around and headed higher today. With the US dollar loosing a bit of ground it looks like money was flowing back into the metals. Gold hit a new all time high in the Euro today. It did little to the stocks though. Modest volumes and very slight rises if any. The BMO Junior Gold Index ETF ZJG-T hit a new high but you will see volumes were quite light.
Hawthorn Gold HGC is a gold player we are planning on adding to our hot stock list. We were going to add it a few weeks ago but wanted to make sure we knew more about this player before we did. The stock is sitting on lows right now. It is down about 10 cents from when we were going to post it. This may be a good time to buy for those who like to hold stock for longer than a few days or weeks. We don't own any of the stock. Below is a 1 year chart of HGC.
We still want to review it a bit more so we are familiar with all the details of this player.
Also to the person who requested ECPN, we have not gotten a reply of any kind from the company in regards to a few questions. We are still waiting.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
End Of The Week
Feb.12/10
Before we talk about anything we wanted to let everyone know that we have 2 real good videos for you to watch this weekend. INO produces these vids and the more we watch them the more we have profited on some of our trades. The second video talks about a 30 year old trading secret that made one man literally MILLIONS and it still works today. We can't tell you what that secret is but, INO will.
Now the first video is about 2 minutes and show where gold could be going. This vid is good because it relates to a lot of the gold penny miners we watch. When gold goes up our plays follow. When gold goes down, well .....
Last write a few days ago we talked about Prophesy PCY hitting a new high. Well today another new high was made. 62 cents. This here was a 2 cent stock guys. Just this past October you could have bought this stock for 2 cents. We added this play to our hot-stock list on the October 20th. You can check it out under our moly plays.
Also in the last write up we mentioned Baffinland Iron Mines BIM-T being in the news again. Just from a small article that was written the stock popped a good 10 cents on heavy volumes too!
The BMO Junior Gold Index ETF ZJG-T ended a wee bit down this week as we can see in the chart. It follows the a lot of Canadian juniors and of course with gold at a real turning point right now (as seen in the video) it is hard to really tell what will happen with not only gold but also these gold mining plays.
Have a great weekend.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Dow in 2010 = Dow of 1929.
Feb.10/10
Great video today. It's about 6 minutes long. This is a real heads up for anyone who trades stocks. I was excited for about 2 seconds then mortified. This new video looks at the 1929 Dow chart and technicals and compares them to the 2010 Dow chart. You've got to see it for yourself. We all know what happened back in 1929. We could be, repeat, could be very close to a tipping point similar to that of 1930 when the Dow had ended a 50% correction to the upside. I invite you to watch my latest video and see what makes sense to you.
Watch Now
As always our videos are free to watch and there are no registration requirements. If you agree or disagree with this video please feel free to comment on our blog.
Back In Rally Mode !?!?
Feb.9/10
Nice to see a return to a rally mode in metals. Gold, silver and palladium powered higher today. One of the better performers was copper. Back to tagging the 3 dollar mark. Of course a lot of players in the BMO Junior Gold Index ETF ZJG-T were performing well as the ETF was up quite nice.
One of our players Prophesy PCY hit a new high today. After a pull back the stock was still up 15% on the day.
Baffinland Iron Mines BIM-T was back in the news today some more. They are looking for a few billion to get their Mary River project up and running. This is an interesting play. Large scale iron ore project. Some say this mine could go for well over a few decades.
Lots of interest in Yukon mining projects lately also. We have been starting to look at Selwyn Resources SWN. Selwyn is active in looking for zinc in the Howards Pass area of the Yukon. This are straddles the Yukon and the NWT.
To those who send in requests asking about different companies, remember that we try to do as much DD on these companies before we mention them. If there is information that we can not find via the websites, we do send emails to the companies asking for this information. We find a lot of companies are really lax on replying back for simple questions. This in itself is one reason to be wary of putting money into their stock. That is just our opinion. Ask a simple question, one kind of expects a simple answer.
Last but not least, a new
Day Trading Video. Yes, it's free.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
End Of Week
Feb.6/10
Well metals sold off as predicted on Friday but did turn around in the last hours of trading. During the day though some larger cap golds did not sell down but were trading up. Fronteer FRG-T was one such stock that we noticed that was well up all day. Tanzanian TNX-T was off all day until the last 30 minuts or so.
The new BMO Junior Gold Index ETF ZJG-T had a large spread from low to highs also closing up nice on the day.
As far a good buys in our opinions, was First Majestic FR-T warrants that got right down to .99 cents for a low. Still good time on these warrants with still a bit over a year till expiry.
In smaller plays most traded down although little players like Avanti Mining AVT, Prophesy PCY, Silvermex SMR, Canaco CAN and a host of other returned to a flat position.
With the sell off in gold it did bring a small opportunity for us to buy a few extra grams of gold bullion though. We have been involved in buying and trading gold by the gram with Bullion Vault. We have never really promoted it that much because we don't really trade gold that much but now that we are seeing these huge swings in the price of gold it makes it worth our while to buy a few grams here or there. We have sold out also and bought back on dips.
For anyone who is interested in playing gold it is most likely the most affordable way to go. There is no leverage here as you must pay up front. All one does is opens an account and once your account is funded and verified your off to the races.
Well let's see what happen next week. Hopefully this sell off is over for the penny mining stocks. It's time to start making some Ka-Ching!
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Big Sell Off Today
Feb.4/10
Everything got smacked down hard today. Gold off $50, silver over $1, the Dow down 260 and the TSX down about the same. Nothing was left unscathed it seems except the US buck. That was up only 1/2 cent at best today. Our BMO Junior Gold Index ETF ZJG-T was well off today making a new low.
Any bargains out there? Personally one should maybe wait till next week to see how things play out over the weekend. We only have 1 trading day left this week and it most likely will be a continuation of the same as we had today.
Although most of our watched plays were down, Avanti Mining AVT was up 15% today on fair volume also. That was the only one that we follow that was up.
Well let's see what tomorrow brings.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Buying Silver Eagles & Silver Snowball
Feb.3/10
A lot of people write in asking about what the Silver Snowball program is that they see on this site. To make a long story short I'll write a bit here about it.
The Silver Snowball program was started a bit over 2 years ago by a fellow by the name of Ed Freeman. (He still runs the program himself) He wanted to make a way for the average person to be able to accumulate silver in the physical form. He also wanted to make it affordable and still be profitable. So what he did was set up a program like an MLM where you become a member and buys 1 ounce of silver per month. (This is where the silver eagles come in). Then you after you join you tell others and once they join and buy a coin each month you get rewarded with bonus coins. Basically it is a 2 for 1 system. Each month your members buy you get a bonus. If you have 2 people you sponsor and each person buys 1 coin you get a bonus coin.
I of course have always like to add to my collection of silver so this became a disiplined way to accumulate silver. Trading stocks I found that I would pay out 40 dollars in commissions with just a few trades so the cost of a membership seemed quite small at the time. Each month I would buy my 1 once and after a while others joined and I was rewarded with free bonus silver.
Of course it seems that where you look these days in regards to the internet you see nothing but scams. Pay and get nothing seems to be the theme of the day. I get this all the time over at junior miners even from people wanting to place ads for their claims. Some are scared of paying out even $20 for an ad that they think will not get posted.
The point I wish to make is that as of last month it will have been 2 years and I am still in the program and I am still getting free bonus silver. Yes I have seen a lot of people join and a lot of people leave, but all in all most people do manage to get a few others to join and find out that they too are getting bonus silver each and every month.
So if you are interested in an MLM program that involves silver bullion or feel that you would would like to get a bit of silver on a monthly basis, then you are most welcome to join up with the rest of us.
In other news today Silvermex SMR which we follow close announced a private placement of $6,300,000. This placement consists of 14,000,000 Units at a price of $0.45 per Unit. Each Unit consists of one common share and one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share of Silvermex at a price of $0.65 for a period of 24 months from the date of closing.
Interesting video on gold here. Sign in and see the SUPER GOLD CYCLE.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
New Month
Feb.2/10
Gold is performing well today. 2 days in a row. Great way to start the month off. Most penny mining stocks though are quite sluggish. Low trading volumes and narrow spreads are sure signs that major dollars are sitting on the side.
The new BMO Junior Gold Index ETF ZJG-T although showed good signs that money is starting to flow into the larger juniors as you can see in the chart below. Notice volumes were off today.
Of interest, one of the gas plays we mentioned on this site about year or so ago in now getting into the gold business. Trivello TRV had a news release that they have acquired the historic Tom Gold Mine and related claims, located approximately 10 km northeast of Yellowknife, NWT. The stock was up about 25% on about 300,000 shares. I do believe that Trivello rolled back stock about a year ago as they only have around 13 million shares.
Our little silver miner Golden Goliath GNG also had new out. Gold grades averaging 2.07 grams per tonne (g/t) and 98.61 g/t silver over 151 metres in the newly opened Los Hilos tunnel within the Filo de Oro trend. The news little to the stock price.
Interesting video on gold here. Sign in and see the SUPER GOLD CYCLE.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
HEADS UP! Thin Air.
Jan.28/10
NASDAQ crosses important trend line
Just a short 8 minute video here for everyone that we feel is very important to warn you as a HEADS UP situation. The Nasdaq has just crossed an important trend line. This COULD spell out some questions for the market in general here and how it could even effect small penny mining stocks.
Click Here to watch and get an understanding of where we may be heading. This is just one free feature that we use to gain an understanding of trading here at pennyminingstocks and recommend to our readers.
New Canadian Junior Gold ETF
Jan.27/10
January 25 saw the first trading of a new junior gold mining ETF in Canada. This ETF is strictly comprised of Canadian listed companies. It's called the BMO Junior Gold Index ETF and it's ticker is ZJG-T. It is issued by BMO. Prices right now after a few days of trading are in the $13 range. On an added note there is only about 400,000 shares/units outstanding. Good way to play the junior gold sector instead of trying to pick a specific winner or potential winner :)
Market selloff in metals have left some of our watched stocks in the red. Actually all of them except TNX. Canaco CAN was off 14% even after good news today. Most others just languished with low volumes.
Tanzanian Royalty TNX-T ended the flat today. After a sharp run up last week of 20% the stock fell back mid-way this week. News was released about some Chinese companies optioning in on TNX vast nickel deposits in Tanzania.
“Advanced Applications of Candlestick Charting,”
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How to merge candlestick techniques with your current trading plan and more.
If you would then I would like you to watch and listen to this video that explains the importance of using this strategy. In the video it says, in part, “Candlestick patterns are a mathematical formula which illustrate the psychological market sentiment. In other words, as a market reverses, or a market is moving in an up-trend, there are certain traits that can be distilled in terms of mathematical formulas that will reveal some very important information.”
This 100 minute complimentary video can be found on Trend TV. You don’t have to worry about watching the whole video at once. After you have a password, you can revisit anytime to watch the rest of a video, review a video, or watch other videos on Trend TV.
Click Here to watch and start learning today. This is just one free feature that we use to gain an understanding of trading here at pennyminingstocks.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
TRADE TRIANGLES ... TREND TRIANGLES
Yesterday I mentioned about the use of trading triangles, trend triangles and how the triangle gave an indicator and we ended up buying back into Tanzanian Royalty T-TNX. By the end of the trading secession the stock finished up 10% on the day. We got a few responses asking what trading triangles are. Because we are just traders and not tech savvy people we are going to use INO video to demonstrate.
The video here uses the S&P 500 and what we think it is going to do in 2010. It will also be looking at an important Trade Triangle that has just flashed an important signal for this index.
Take a peek for your self.
Watch The Video Now
Every Picture Tells A Story
Jan.22/10
This week was sure a downer for metals. I see silver was even under the $17 mark. Most everything we follow was well off. All commodities were off across the board. We had been reading rumors of a correction of some kind but like always we never seem to cash out and sit on the side.
We have started using trend triangles for technical analysis by INO. After doing technicals on various stocks we decided it was time to buy back into Tanzanian Royalty T-TNX. Hey, this worked. Sure enough TNX rallied today to close up 10%. Up 41 cents. This is a gold royalty play that has been beat down real bad and today when the entire market was off, this one was hot. For the past 6 or so months we have been flipping 30% swings with First Majestic T-FR warrants so we are going to try the trend triangles with this stock to help us with our timing a bit more. We'll keep everyone posted on how things turn out.
With this sell off like any sell off in the markets weak hands get shook out and bargains are waiting to be had. Prophesy Resource PCY fell back 18% back down to the 40 cent level.
We are also going to be adding Hawthorn Gold HGC and Silvermex SMR to our hot stock watch list. SMR has 2 bucks by mid summer written on it if the world doesn't come to an end. This is play that deserves some serious DD. They have some pretty top notch people in place here.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Mid Week News
Jan.19/10
Huge dump on gold and other metals today. Some figure the price of gold will drop back down below the $1000 level and stay there until the later part of 2010 maybe. We always question where these comments come from in the first place. Lots of times you see some anal analyst tell everyone that stock XXX is over valued and should be this or that. After a brief sell off the stock is up flying higher than it was before any comments were made in the first place. You know damn well that someone was buying.
Anyhow for the stocks we are watching most are down a few percentage points. Terrane Metals TRX continues to sell off although ended the day flat. Tagged the $1.04 mark today. This stock is well of it's high of $1.80 just a few weeks ago. Any more hoe hum days and this could very well be under the $1.00 mark. For the next big mine to be built in BC there will be a good cheap shares to be had if the stock does drop much below a dollar.
Canaco CAN stick in the mid .60's and Canasia CAJ is still in the teens. Silvermex SMR is back down a from it's highs also.
Got an email from a reader about a small heavy oil play. I really haven't looked to close so do your own DD on this one. Western Plains Petroleum WPP is the company. They are active in the Lloydminster area. Trading looks thin so be aware of that. Also there is a small float. Only 26 million shares out. Oil prices will turn around. That's almost a given.
Speaking of oil, we mentioned here back before XMas about another player that has gold, uranium and diamond properties and is looking to diversify into heavy oils. That company is Tanqueray Resources TQY. The stock is starting to stir and in-fact today hit a new high. Volume is also way over normal so something must be happening. There are not to many active plays under 10 cents these days anymore.
Speaking of new high Prophesy Resource PCY also tagged a new high. This is one of our hot moly stocks.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
?? Bear Market In Metals ??
Jan.15/10
Most metals have sold off over the last few days. All except palladium. Gold is being carried down from noise out of China who says gold is over priced and they are not interested in buying. Remember, "He who has the gold, makes the rules." I think they may just be calling bluff to get the prices down to a more comfortable level.
Anyhow when it comes to bear market conditions and how to best invest, we figured our new high tech method posted below will help you to make wise investment decisions in regards to metals and penny mining stocks. This is strictly assest allocation.
Stocks we follow this week did the average yawn. Terrane Metals TRX just drug it's butt around aimlessly getting pushed and shoved at whim. Canaco CAN of course rallied well on news and Silvermex SMR was up almost 20% today at one point. Hitting a new high to boot!
We have mentioned Baffinland Iron Mines BIM-T a few times over the years. They have a HUGE deposit in Nunavut that they would like to get on stream some day. Only issue right now is money. What's interesting is that today on CBC news there was a write up about iron ore and China. This is the type of news that works wonders for these projects. Baffinland also has warrants that just came out a while ago. Ticker is BIM.WT.A
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Mid Week News
Jan.12/10
This weeks metals trading video.
Gold, Silver, Platinum…W.T.F.?
I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum.
These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades. Gold makes a record high, then pulls back. Silver is inching towards an all-time high level and platinum is making people rethink their decision to go with a white gold wedding band.
Where do you stand in these markets and maybe more importantly, where should you stand?
Click here to find out what W.T.F. really stands for and what does it have to do with gold, silver, and platinum?
In other news, last week a lot of people were expecting some good juicy news of some kind to be coming from Goldcorp G-T in regards to their option and more cash with Terrane Metals TRX. Well that didn't happen as a lot were hoping and so down goes the stock price. Today however even on a gold down day, the stock was holding up very well.
Canaco CAN put out news. Good results from their property in Tanzania. Stock price up real nice. Hit a new high today infact. Something must be simmering on the back burner here in Tanzania because even over the last few trading sessions Tanzanian Royalty TNX-T has been trading a lot higher and way over on volume. Even today with gold off as much as it is the stock is only off a few percent.
New miner here. Novus Gold nov. Novus has properties in the NWT and the Dominican Republic. Just over 30 million shares. You can find out more off their web site here.
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
Welcome To 2010. A New Decade Of ??
Jan.7/10
We don't really know what to think of the year so far. After the holidays trading is back to normal. One day up, next day down. Some stocks are gaining well though and they are not gold or silver stocks. Avanti Mining AVT which is one of our moly stocks is doing quite well this week. The chart below tells the story for the last few days.
Following the new index the GDXJ you can see a good turn around in those stocks that make up that index.
Terrane Metals TRX which we have been following since June is sure in sell off mode. Goldcorp is suppose to buy them out or invest more or make a decision or or or??? Anyhow the longs in this play are getting tired. Short term the stock may have sold off but because this player has the goods the long term out look is blue skies and sunny.
One of our favorite stocks here for the last few years has been Breakwater Resources BWR-T and it too has been on a tear.
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
End Of Year Review
Dec.29/09
Looking back over the year we had some winners and we had some that ..... well .... just didn't perform the way we would have liked.
Some of our better picks that were on the hot stock list are as follows. Most plays are up 1-200% year over year. Terrane Metals was put on watch back in June at 22 cents. This play still has a lot of room to run in our opinion.
Terrane Metals TRX
Silvermex SMR
Silverquest SQI
Breakwater Resources BWR-T
Canaco CAN
Our predictions for the new year are as follows.
Gold will continue to climb. We see $1,800 US this time next year. Silver prices should be double at around $40.00 US per ounce. Copper will be around $4.00 per pound. Oil prices will be ?? who knows!
Have a happy new year
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
