June 19, 2013 | By Tekoa Da Silva
Winston Churchill is famously known for having said, “The further back you look, the further ahead you can see,” and indeed, historical precedent is one of the few tools we have at our disposal when studying major market trends, and in today’s case, the trend in gold.
The period most widely referenced and compared to today’s bull market, is the late 1970s. During this decade, gold moved from $35 an ounce, to an intraday peak of over $900 an ounce in January 1980, for a total move of roughly 26x.
When we look at today’s bull market in gold [...] Continue Reading…
June 18, 2013 | By Luis Rodrigues
Top Market Stories For June 18th, 2013:
Housing Starts, Permits, CPI All Miss - Zero Hedge
June 17, 2013 | By Tekoa Da Silva
I had the great opportunity last week to connect with legendary ‘mine-finder’, Bob Quartermain, President and CEO of Pretium Resources.
It was a fascinating conversation, as Bob spoke on mineral discovery strategy, turning discoveries into wealth during his 36-year career, as well as his observations and thoughts on the gold market.
When asked how he’s been able to repeatedly [...] Continue Reading…
June 14, 2013 | By Tekoa Da Silva
In response to darkening bearish sentiment taking hold in the precious metals market, currently expressed in ever-larger downside calls, I put together a new YouTube video to share some ideas on the matter.
Out of about 12:00 or so minutes of commentary, here are the few sentences which might benefit you most (if in fact you are long or are considering precious metals):
“Whenever you’re at the top, the calls [...] Continue Reading…
June 10, 2013 | By Tekoa Da Silva
In a fascinating reaffirmation of the fundamentals of the gold bull market, US Banks & Large Traders as defined by the CFTC as being, “commercially engaged in business activities hedged by use of the futures or option markets,” have quietly flipped from being tremendously short gold in late 2012, to now being tremendously long.
Furthermore, the speed of this change in positioning [...] Continue Reading…
Gold Trader: “Stock Market May Crash 10-20% In Next 5-10 Days, Will Create Setup For Bubble Phase In Gold”
June 2, 2013 | By Tekoa Da Silva
**This interview was recorded Friday evening, 5/31/2013**
I had the chance on Friday to reconnect with technical gold trader Gary Savage, publisher of the “Smart Money Tracker” daily gold market commentary and trading service, which has outperformed most of the world’s hedge funds in 2011 and 2012.
It was a powerful conversation as Gary indicated the S&P 500 is at its most overbought level in nearly 40 years, and may crash 10%-20% within a few trading days as a result [...] Continue Reading…
June 1, 2013 | By Tekoa Da Silva
Please note: The June 1st Da Silva “Legendary Mine Builders” Index note is set for release on Monday.
Thanks and have a great weekend [...] Continue Reading…
May 27, 2013 | By Tekoa Da Silva
I had the great opportunity yesterday to speak with award-winning journalist and Cambridge House anchor, Bridgitte Anderson, at the World Resource Investment Conference in Vancouver.
It was a fascinating conversation, as Bridgitte was kind enough to ask a few great questions on gold, Brazil, and investment news publishing.
Here is that conversation in its entirety. Enjoy.
(begins at 20 sec. mark)
Tekoa Da Silva
Bull Market Thinking [...] Continue Reading…
May 26, 2013 | By Tekoa Da Silva
All the bearish “calls” on gold are coming out. Mainstream analysts and commentators who’ve never owned it, know exactly why it’s going to $500 an ounce. But that’s okay—because it’s part of the bottoming process.
The same thing occurred to the upside a few years ago, let us not forget. The calls to buy both gold and silver, reached absolute fever pitch—just before they collapsed in price. The same thing is about to happen now in reverse, to the upside.
Further, as mentioned in previous articles, smart money is buying [...] Continue Reading…
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…