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no-cover
September 07, 2011
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Prepped for an Upside Surprise?

Richard Croft

Pessimism is ruling the day. Any debate questions whether the glass is half empty or perhaps all empty. The major stock markets ended August with a loss, as investors shied away from risk and fled into the usual safe-haven assets: gold and US Treasuries. The tide ebbed, and, as they say, all the boats sank. It all sounds pretty...

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11 years ago
no-cover
August 29, 2011
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Gold Miner’s Day in the Sun?

Richard Croft

Gold, everyone’s favorite precious metal, ended the week down from its record high of US$1,917.90 per ounce last Tuesday. December futures contracts closed the week at US$1,797.30 per ounce, down 5% in the past week, as gold posted its first weekly loss in eight weeks. In after-hours trading, though, it had climbed back up to...

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11 years ago
no-cover
August 22, 2011
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Finding Value!

Richard Croft

This is shaping up to be a bad quarter on a macro basis, with flattening growth curves all around. Credit issues dominate in Europe and the US. However, a credit downgrade doesn’t mean an equity downgrade. There are burgeoning economies around the world that have near junk ratings but have roaring equity markets. The reason...

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11 years ago
no-cover
August 07, 2011
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Bear in the woods or bull in the ring?

Richard Croft

Stock markets declined steeply on the week as the fear factor took its toll. The S&P/TSX Composite Index retreated 6.0% week-over-week, mainly on a slide in commodities, led by crude oil, which dropped to near US$85 per barrel, before recovering to US$87 by Friday’s close. In New York, the Dow Jones Industrial average...

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11 years ago
no-cover
July 17, 2011
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Golden Again?

Richard Croft

I talked about gold stocks in the in the June 19th blog and looked at some aggressive trades using July options. The July options expired over the week end and the results are in. The Goldcorp July 46 calls that were trading at $1.25 at the time of the June blog, went off the board on Friday at $5.60, up 347%. The Barrick Gold...

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11 years ago
no-cover
July 10, 2011
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A Lump of Coal

Richard Croft

Some of the world’s largest coal reserves are tucked away in the arid wastes of Mongolia. The Tavan Tolgoi coal deposit, for example, holds about 6.4 billion metric tons. That’s the world’s second largest coal deposit after China’s Shengli field. Recently, the Mongolian government arranged for a US/Chinese/Russian...

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11 years ago
no-cover
July 03, 2011
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Opportunity in Nuclear Revival?

Richard Croft

“Nuclear” is a dirty word these days. The impact from the Japanese tsunami is still ingrained in our minds. The constant video feeds of smoking ruins, technicians in haz-mat suits, and endless sound bites by “experts,” put the nuclear industry back twenty years. Surprisingly, despite problems with Japan’s nuclear...

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11 years ago
no-cover
June 19, 2011
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The Golden Mean

Richard Croft

Gold stocks are strange hybrids. On the one hand, they are influenced by the price of gold. On the other, they are operating companies whose share price is governed by the usual: revenue, earnings, and debt. That Jekyll-and-Hyde personality can spell opportunity for nimble options traders looking to gain from short-term trends....

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11 years ago


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