May
18
Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners
May 18, 2013 | By Tekoa Da Silva
While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter.
George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold [...] Continue Reading…
May
16
Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors
May 16, 2013 | By Tekoa Da Silva
In a 13-F release issued by the SEC after market close yesterday, it was reported that Soros Fund Management LLC, founded and chaired by billionaire financier George Soros, significantly increased it’s gold related holdings, most notably, through the purchase of over $25 million dollars worth of call options on the GDXJ Junior Gold Miners index.
This stunning move by one of the world’s top performing [...] Continue Reading…
May
15
Mining CEO John Smith: “This Is A Time That People Want To Acquire…To Both Buy and Build”
May 15, 2013 | By Tekoa Da Silva
I had the chance to connect recently with John Smith, President and CEO of Silver Standard Resources . It was an interesting conversation, as John has been in the resource industry for 30 years, with nearly 20 of those spent developing mines at BHP Billiton.
During the interview, John indicated that as the world’s major mining companies are slashing capital expenditure and [...] Continue Reading…
May
14
Don Coxe: Buying Gold May Have Downside Risk, “But The Upside Is Going To Be Enormous”
May 14, 2013 | By Tekoa Da Silva
Legendary investor Don Coxe, Chairman of Coxe Advisors LLP, and former advisor to the $540 billion BMO Financial Group, issued a powerful new commentary entitled, “Money Makes the World Go Round”.
In this updated piece, Don spoke to the staggering growth of [...] Continue Reading…
May
10
Upside Volatility In Gold Cometh; With $100-$1,000 Daily Moves Being “Statistically Normal”
May 10, 2013 | By Tekoa Da Silva
1“There can be many firefights in a battle…It’s normally a brief engagement between units meeting in passing, or as part of an operation to clear enemy combatants out of an area.”
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The word firefight came to your editor’s mind when reflecting on the collapse witnessed in gold during the month of April. On Friday, April 12th we saw a tremendous 5.16% drop, only to be followed by [...] Continue Reading…
May
10
Rob McEwen: “We Are At Or Very Near The Bottom In Gold, Definitely For Gold Shares”
May 10, 2013 | By Tekoa Da Silva
I had the opportunity yesterday to join McEwen Mining‘s Q1 2013 conference call, led by legendary founder and former CEO of GoldCorp, Rob McEwen. He is now the CEO, Chairman, and largest shareholder of McEwen Mining.
It was an interesting call, with over 30 minutes dedicated to listener Q&A. In response to some very intelligent questions, Rob shared some very interesting market comments in return.
Here are the highlights:
With regard to the tightening interest-rate “noose” choking fixed-income dependants, Rob said, “We’re in a situation where governments have [...] Continue Reading…
May
8
YouTube Commentary: “80% Of The Move In Gold Will Come During The Final 20% Of The Market—So Hang On”
May 8, 2013 | By Tekoa Da Silva
In response to the last few week’s carnage in the metals and mining markets, I felt compelled to produce a YouTube update on what we might be able to look forward too down the line. The theme of this commentary touches on “Pareto’s Law”, commonly known as [...] Continue Reading…
May
6
World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies”
May 6, 2013 | By Tekoa Da Silva
I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Council to the World Bank—now turned whistle-blower.
During the interview Karen indicated that [...] Continue Reading…
May
3
Marc Faber On Gold, Terrorism, & Democratic Wealth Confiscation
May 3, 2013 | By Tekoa Da Silva
I had the opportunity this week to connect with the legendary Marc Faber, publisher of The Gloom, Boom, & Doom report. It was a fascinating conversation, as Marc is arguably the most well-traveled and street savvy economist alive.
During the interview Marc spoke on [...] Continue Reading…
May
1
Sentry Investments: We’ve Seen This Before, It’s Quite Common For A Sector To Look Broken At The Bottom
May 1, 2013 | By Tekoa Da Silva
I had the chance to connect recently with one of Canada’s rising fund managers, Jon Case, portfolio manager with Sentry Investments. Sentry manages over $10 billion in assets, representing over 300,000 Canadian clients, and has further received numerous industry distinctions.
Here are the written notes from that conversation:
TD: Jon, looking at the action over the last [...] Continue Reading…
Apr
29
Light Postings; Research Week
April 29, 2013 | By Tekoa Da Silva
Please pardon the light postings during this last week of April, as your loyal editor is conducting market research.
Thanks for your continued support.
Best,
Tekoa Da Silva
Bull Market Thinking
Apr
25
Major Indian Gold Dealer: “There Is A Clear Fight Going On In Procuring Metal As Early As Possible”
April 25, 2013 | By Tekoa Da Silva
I had the opportunity to reconnect today with one of the largest bullion dealers in India, Pushpak Bullions Pvt. Ltd., for a fascinating update on whats been happening in the Indian gold market.
Speaking to head of operations, Vishal Vyas, I learned this collapse has [...] Continue Reading…
Apr
24
Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories
April 24, 2013 | By Tekoa Da Silva
As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.
As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.
Most shocking however, is that [...] Continue Reading…
Apr
24
Gold Trader: “If You Put 60″ TVs On Sale For $100, They’ll Fly Off The Shelves—That’s What’s Happening In Gold”
April 24, 2013 | By Tekoa Da Silva
Following last week’s panic sell-off in gold (and resultant explosion in physical buying worldwide), one of the world’s top gold traders and recent interview guest, Gary Savage, shared some powerful commentary on the psychology of these buyers.
Gary said, ”The buying frenzy we’re seeing in the gold market [...] Continue Reading…
Apr
23
Ronald Stoeferle: “Last Week We Were Really Close To A Default of The 130-to-1 Paper Gold Market”
April 23, 2013 | By Tekoa Da Silva
I had the chance to reconnect today with one of the young emerging leaders of the gold market, Ronald Stoeferle, publisher of “In Gold We Trust”, the world’s definitive annual report on gold.
During this fascinating interview, Ronald spoke to what contrarian buyers are doing right now, and further explained [...] Continue Reading…
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- Comex Gold Inventories Collapse By Largest Amount Ever On Record (54,393 views)
- Jim Rogers: "I Suspect They'll Take The Pension Plans Next; I For One Am Worried, And I'm Taking Preparations" (51,280 views)
- 200 Years Of The Dow/Gold Ratio Suggest Staggering Moves Dead Ahead (31,418 views)
- World Bank Whistle-blower: "Precious Metals To Serve As An Underpinning For Paper Currencies" (29,151 views)
- Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories (23,116 views)
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