Fed Gangs Up on Gold

After the Federal Open Market Committee (FOMC) Monetary Policy Meeting this March, the Fed members were once again freed to speak their minds. They set off on their speaking engagements starting last week, and many of them spoke of a need for interest rate hikes sooner rather than later. It all sort of felt like the Fed gang was ganging up on gold, because faster Fed rate hikes likely support dollar strength and gold weakness. See more on this report about how the Fed Gang Gangs Up on Gold.

Precious Metal Securities	March 16 to March 28
SPDR S&P 500 (NYSE: SPY)	+0.5%
SPDR Gold Trust (NYSE: GLD)	-3.3%
iShares Gold Trust (NYSE: IAU)	-3.1%
iShares Silver Trust (NYSE: SLV)	-2.8%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	-21%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	+19%
Market Vectors Gold Miners (NYSE: GDX)	-6.9%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	-5.9%
Goldcorp (NYSE: GG)	-7.4%
Newmont Mining (NYSE: NEM)	-6.7%
Randgold Resources (Nasdaq: GOLD)	-2.2%*
Barrick Resources (NYSE: ABX)	-10.3%
Yamana Gold (NYSE: AUY)	-9.1%
Gold Fields Ltd. (NYSE: GFI)	-14.3%
Silver Wheaton (NYSE: SLW)	-3.2%
Coeur Mining (NYSE: CDE)	+2.6%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

Why Gold's Counter-Intuitive Response to Brussels

Day Chart of Spot Gold at Kitco.com

Sure gold opened higher in New York after news of the terrorist attacks in Brussels, as there was concern there could be more to come. However, by the end of the day, gold had given back most of its gains. Why would gold behave in such a counter-intuitive manner to an event driving a clear flight to safety? It was because the terrorism happened overseas and not in America. The flight to safety should be to the #1 destination for foreign funds when there is trouble overseas, the good old USA. That result raised the dollar and in turn drove down gold traded in dollars. As tension and fear rises in Europe now, gold should give way in an even bigger way. See more on why gold reacted counterintuitively to the ISIS attacks in Brussels here.

Precious Metal Securities	03-22-16
SPDR S&P 500 (NYSE: SPY)	-0.1%
SPDR Gold Trust (NYSE: GLD)	+0.3%
iShares Gold Trust (NYSE: IAU)	+0.3%
iShares Silver Trust (NYSE: SLV)	+0.4%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+0.2%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-0.3%
Market Vectors Gold Miners (NYSE: GDX)	+0.1%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+0.8%
Goldcorp (NYSE: GG)	-1.2%
Newmont Mining (NYSE: NEM)	-1.4%
Randgold Resources (Nasdaq: GOLD)	+0.7%
Barrick Resources (NYSE: ABX)	-1.3%
Yamana Gold (NYSE: AUY)	+1.6%
Gold Fields Ltd. (NYSE: GFI)	+0.5%
Silver Wheaton (NYSE: SLW)	+0.5%
Coeur Mining (NYSE: CDE)	+0.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

Sell Gold Miners – They're Levered to the Gold Collapse Catalyst

Gold prices should suffer a setback if the Federal Open Market Committee (FOMC) dot-plot economic forecasts show Fed-member expectations for rate hikes this year. The market has priced out that possibility and therefore would have to adjust to it, which I believe results in a sharp move higher for the dollar and a collapse in gold prices. Gold miners are naturally levered to gold prices, as their profitability depends on it. Thus, I have taken a short position in the recently enriched Market Vectors Gold Miners ETF (NYSE: GDX). I suggest holders of the GDX sell it now. See the full report: Sell Market Vectors Gold Miners ETF (NYSE: GDX) - Levered to Gold Collapse Catalyst.

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

A Catalyst is Coming to Crush Gold

Wednesday’s Federal Open Market Committee (FOMC) meeting is expected by many to serve gold well, but I believe a surprise is in store. The market expects the Fed to pause its rate tightening in March, which is good for gold. But the market has not accounted for the Fed dot-plot forecasts, which I expect are likely to show Fed expectations for 2 to 3 rate hikes this year. Over the course of the last several months, the market has whittled its own expectations down to one or none for the year. Thus, a contrasting and conflicting message from the Fed could reignite the dollar and crush gold. See the full report on the Catalyst Coming to Crush Gold. Article interests SPDR Gold Trust (NYSE: GLD)

Precious Metal Securities	03-15-16 Intraday
SPDR S&P 500 (NYSE: SPY)	-0.4%
SPDR Gold Trust (NYSE: GLD)	-0.2%
iShares Gold Trust (NYSE: IAU)	-0.3%
iShares Silver Trust (NYSE: SLV)	-0.3%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+3.3%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-3.0%
Market Vectors Gold Miners (NYSE: GDX)	+1.2%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	-0.7%
Goldcorp (NYSE: GG)	+0.5%
Newmont Mining (NYSE: NEM)	+0.7%
Randgold Resources (Nasdaq: GOLD)	+1.5%
Barrick Resources (NYSE: ABX)	+2.6%
Yamana Gold (NYSE: AUY)	-2.8%
Gold Fields Ltd. (NYSE: GFI)	+0.8%
Silver Wheaton (NYSE: SLW)	-0.2%
Coeur Mining (NYSE: CDE)	-2.0%

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

Gold Rush’s Todd Hoffman Would Say "What the Frig!"

I admit to being a fan of Discovery Channel’s reality show program on gold mining, Gold Rush. The longest-standing star of the show has been Todd Hoffman, and fans have watched him go from a novice making foolish mistakes to an expert miner producing millions in bullion. He’s a man of faith who does his best not to curse so he replaces his curses with words that make a sailor’s son like me smile. On Thursday he surely would have uttered one of his favorite pseudo-curses, “What the frig!” The intraday chart of spot gold here shows how gold was sinking sharply after the European Central Bank (ECB) actions to further reduce rates and to expand its quantitative easing program. But at a point in the early morning, gold stopped on a dime, reversed course, and soared higher from there. So what the frig just happened then? Allow me to explain to Todd and to the rest of you why the abrupt shift, and what we can expect moving forward. See the report on why the Gold Rush Turned to Slush.

Precious Metal Securities	03-11-16
SPDR S&P 500 (NYSE: SPY)	+1.6%
SPDR Gold Trust (NYSE: GLD)	-1.7%
iShares Gold Trust (NYSE: IAU)	-1.8%
iShares Silver Trust (NYSE: SLV)	-0.7%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	-6.3%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	+5.9%
Market Vectors Gold Miners (NYSE: GDX)	-2.0%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	-3.1%
Goldcorp (NYSE: GG)	-0.9%
Newmont Mining (NYSE: NEM)	-2.5%
Randgold Resources (Nasdaq: GOLD)	-1.7%
Barrick Resources (NYSE: ABX)	-1.6%
Yamana Gold (NYSE: AUY)	-2.2%
Gold Fields Ltd. (NYSE: GFI)	-2.2%
Silver Wheaton (NYSE: SLW)	-1.1%
Coeur Mining (NYSE: CDE)	+2.9%

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

North Korean Nuclear Threats Drove Gold Higher, Really?

Gold was surging Monday morning, despite a slew of tangible reasons for it to fall. Only one factor weighed significantly in its favor today, another random threat by North Korea to wage wide scale and unconventional warfare on the U.S. and its allies. To that I must ask, really? Investors are clearly fast to buy gold after the long-prolonged oversold state and slow to sell it, but as I’ve suggested in my Sell Gold series, that should change soon. See the full report on how North Korea affected the price of gold this week.

Precious Metal Securities	03-07-16 AM Trade
SPDR S&P 500 (NYSE: SPY)	-0.3%
SPDR Gold Trust (NYSE: GLD)	+0.6%
iShares Gold Trust (NYSE: IAU)	+0.7%
iShares Silver Trust (NYSE: SLV)	+1.1%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+12%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-12%
Market Vectors Gold Miners (NYSE: GDX)	+3.9%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+4.5%
Goldcorp (NYSE: GG)	+6.3%
Newmont Mining (NYSE: NEM)	+2.8%
Randgold Resources (Nasdaq: GOLD)	+0.2%
Barrick Resources (NYSE: ABX)	+5.9%
Yamana Gold (NYSE: AUY)	+5.0%
Gold Fields Ltd. (NYSE: GFI)	+5.6%
Silver Wheaton (NYSE: SLW)	+4.4%
Coeur Mining (NYSE: CDE)	+13%

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

Gold Fever has been the Ruin of Many a Po' Boy

Gold surged on Thursday, with the SPDR Gold Trust (NYSE: GLD) gaining 1.7%, I believe partly due to the deep drop of the PMI Services Index. However, the measure is less reliable than ISM’s measure of the service sector, which showed nothing worth our alarm. Gold benefits from a deteriorating economy, but the majority of signals are not indicating that scenario. The other catalyst serving gold Thursday was likely the day old influence of a rumor that the ECB may be tiring of negative interest rate policy. However, the desires of the conservative German Finance Ministry do not an ECB decision make. These two issues have had some influence on the dollar, with the greenback drifting since they surfaced. I suggest greed-driven gold fever has momentum chasers bidding up gold on less than adequate catalysts now. It’s the type of thing that causes securities to overextend runs up or down, and right now it’s up. It’s hard to fight the tide, but I expect the tide will change soon. Be careful, because gold fever has been the ruin of many a poor boy. See this full report on gold fever here.

Precious Metal Securities	03-04-16
SPDR S&P 500 (NYSE: SPY)	+0.4%
SPDR Gold Trust (NYSE: GLD)	+1.7%
iShares Gold Trust (NYSE: IAU)	+1.7%
iShares Silver Trust (NYSE: SLV)	+1.8%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+12.3%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-11.7%
Market Vectors Gold Miners (NYSE: GDX)	+4.0%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+6.5%
Goldcorp (NYSE: GG)	+4.1%
Newmont Mining (NYSE: NEM)	+2.2%
Randgold Resources (Nasdaq: GOLD)	+1.5%
Barrick Resources (NYSE: ABX)	+2.4%
Yamana Gold (NYSE: AUY)	+7.8%
Gold Fields Ltd. (NYSE: GFI)	+4.7%
Silver Wheaton (NYSE: SLW)	+4.0%
Coeur Mining (NYSE: CDE)	+12.3%

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).