Byron recently met with Goldcorp and discussed their takeover of Kaminak Gold. In order for us to find the best possible takeover targets, it’s beneficial to learn exactly what large mining companies like Goldcorp want to see in a takeover play.
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As we move toward the end of the year, there are some positive signs for a gold rally. Along with signs of weakness in other sectors and the tax-loss selling season about to begin, there is good news from junior gold miners as well. Today, Byron gives his takeaways on the annual Yukon conference he attended this week and his analysis on some gold plays that show promise as a result.
As we celebrate America’s birthday, Byron gives his insight on the evolution of currency for the original Colonies. In our struggle to become a new nation, many forms of currency were introduced that ultimately formed the first monetary system of our young government still reflected in our economy today.
Last Friday, in the space of about 45 minutes, VanEck fund managers bought and sold literally hundreds of millions of shares, in about four dozen mining companies. Weeks’-worth of trading were compressed into a very short time-frame. It was a market-tsunami of action. Here’s how things worked out for the three names affected by the GDXJ rebalance that we’ve been tracking.
Gold prices have been in the doldrums lately. But history proves that doldrums can turn into major hurricanes in the blink of an eye. As economic and political tensions increase worldwide, markets can go from no volatility to high volatility overnight. When this happens, you need to have good insurance with a healthy gold allocation in place now to maximize profits during a coming major gold price hurricane.
Jim and Byron expect gold to find solid traction as 2016 fades, and we move into 2017. In the medium and long-terms, gold is solid. The monetary world is inflating with government spending, and that’s when gold truly shines. For now, here are our thoughts on our open positions...
