Jan 6:
Jan 5:
2:36 pm: Hedgehog High Roller, our microcap advisory recommended two teeny uranium stocks, one trading for a fraction of its cash value.
1:53 pm ... Buy low, sell high. Hedgehog Trader Newsletter (HHT) just bought a golden oldie, dirt cheap and at a 3 PE! Alphas indicate a strong rise over the next day or two. We'll see!
While gold finds itself mellow for the moment, energy stocks are still prospering, and that's where Hedgehog Special Ops! is profiting from two energy producers up handily from our entry last week (up 6 and 8% today), a tiny oil explorer in the Bakken oil region of Saskatchewan up 10% since our entry, an agricultural producer trading at a 4 PE, and a small Australian uranium company about to hit warp speed! On the energy front, High Roller! is watching some increased trading volume today in our tiny but fast ramping oil producer that saw insiders buy 3 million shares.
Great news for Apple followers - CEO Steve Jobs, after taking his sweet time (providing 3 weeks of a bumpy, uncomfortable ride for Apple shareholders!), finally admitted his obvious weight loss (and gaunt look) was due to a hormone deficiency that is being treated and not cancer, and that he'll be recovered in a few months. HHT Subscribers, we may look for a new Apple trade if shares dip in the next week. But regardless, we have identified some excellent metal trades to execute!
Jan 4:
11:59 pm: HHT Newsletter sent out a brief note with a forecast. We may wait to see how gold looks in the a.m. before sending out any new plays in HHT, HSO and HHHR.
Updated 9:30 PM EST:
I wouldn't be surprised to see gold hit $890-900 this week.
1) Our microcap newsletter Hedgehog High Roller! has identified another small gold stock of interest and will be sending out an alert later tonight. This company has a great management team which is working to put as many as 4 (FOUR!) new gold mines into production in 2009. Through some handy dandy research, I've just learned a large cap gold company has been buying shares of it on the open market the last week or two. Plus, they have the backing of another large company, mighty Barrick Gold as they move forward on a joint venture. Amazingly, you can still buy it for under a buck! Hedgehog High Roller! has profiled a handful of excellent gold producers and near-term gold producers that are trading as if gold was still $600. We anticipate a powerful revaluation of these companies over the next two months. Join us for a test drive today!
2) Late last week, our unique opportunities newsletter Hedgehog Special Ops! stepped 'outside the box' to recommend a top agriculture company trading at a microscopic PE of 4 (!) and as of my latest forecast tonight, Alpha I suggests an incredibly strong rise starting either Monday or Wednesday this week. Its first rise will be a 'WOW'. On Friday, I bought a huge wack of shares for my virtual Hedgehog Fund (a 20% position), as this profitable company should be a great long-term holding and core position as food production becomes one of the next profitable waves in investment.
While Bush may have screwed up the stock market (and everything else he's so much at glanced at), he's certainly done investors a favour by temporarily lowering the prices of elite companies.
Gold is likely to shoot up this week as hostilities and casualties increase between Hamas and Israel.
Jan 3:
Some weekend levity, Courtesy of the IRS:
http://ca.news.yahoo.com/s/capress/090103/koddities/oddity_change_owed
This weekend we may try to put out a brief alert to HHT Newsletter subscribers on how I think the next few weeks will play out for gold and metal stocks (I think Alpha II has identified some dip days for gold which can be used to advantage) -- and I will highlight some stocks in our portfolio to load up on!
Now, we have been so hard at work researching and identifying profit opportunities over the past few months, that we might even issue some additional new recommendations for HHT and HSO subscribers either this weekend or early next week. If you were initially gun-shy and took a pass on a few trades that have gone sky-high, fear not, for there are more great trades to come!
Jan 2: Enter Alpha Flight: And Goodbye, 2008!
(Amazingly enough, we all made it through 2008 in just one piece, despite the furrowed eyebrows of the doomsday crowd. Imagine that!)
[pictured: Alpha Flight: Canada's first Superhero team, not unlike
the Hedgehog Trader's team, which includes brave heroes, like YOU!]
This weekend we'll be doing our final due diligence on a number of incredible resource opportunities using our trail-blazing Alpha I, II and III indicators (and as you've seen with the substantial gains we've made recently, they are seriously in the groove, folks!) . Check your luggage, let go of all inhibitions, and get on board for an incredible money-making ride!
For all three of our newsletters (HHT, HSO and HHHR), we are chomping at the bit to launch some explosive new BUYS over the next week or two. Expect some stunners! :) Now, next week I hope to make another non-resource recommendation for Hedgehog Trader Newsletter, an excellent little buy and hold company, ripe for a turn-around like several of our profitable December picks. And for HHT Newsletter (HHT) subscribers, we're also looking to recommend an excellent, highly undervalued US-listed silver stock next week! Should be fun ...
Our micro cap advisory High Roller! recommended two tiny gold producers about to explode to the upside! One is putting as many as four new gold mines into production this year - the second announced record monthly gold production in Scandinavia and insiders recently bought 600,000 shares! Yum. Indeed, the Toronto Venture Exchange is soaring as takeovers begin and tiny gold explorers and small producers are restored to much higher market valuations! The big caps are okay, but really, the time to buy small resource companies is now. They will outperform the big guys by a wide margin.
Hedgehog Special Ops! (HSO) just recommended two unique, undervalued opportunities in two forgotten sectors.
I'm looking for metals to be strong early next week.
--
Jan 1: 6:30 pm -- According to Bloomberg, there's a huge Oil Spike happening, crude is up 13% (bodes well for our newly launched Hedgehog Special Ops! energy picks!) and gold is climbing, too ... HHT Newsletter and Hedgehog High Roller! might send out some new recs in the morning. Stay tuned!
Happy New Year,
Hedgehog Traders & Delphi Newsletter Readers!
Dec 31: Hedgehog High Roller! sent out a profit alert to take 42% gains on a 15 day uranium trade! HHHR: With those gains in our pocket, we're about to pull the trigger on two new microcap gold producers that are ramping up production and have seen heavy insider buying!
Dec 30: Are energy prices at their lows?
At 11 Cents: the Most Leveraged Energy Stock I Know of!
Btw, if you've thought about joining our microcap advisory High Roller! you are literally moments away from accessing some incredible ground floor opportunities to own the next Goldcorp or BHP! Now, for our microcap investors I recently identified a TINY unconventional gas producer, yes producing gas through a pipeline from over 175 wells right now and is trading for a paltry 11 cents. Now, this company which has reported record production in November and is working to connect another 70 wells, has the most multiple party insider buying I've ever seen in a microcap, with a company officer buying more shares as recently as Dec 24th. Insiders sell for many reasons, but they ONLY BUY FOR ONE: they can think of NO better PLACE for their cash.
What's more, Alpha I, II and III suggest there may only be a week or less before this stock hits warp drive. Current High Roller! subscribers, position yourselves accordingly.
PS. We're looking for a drop in gold tomorrow. The energy sector, as mentioned, should provide some excitement very soon and has quietly moved higher in the last few days.
Dec 29: 7 pm. In the Zone: An Incredible day of Gains! When I posted a brief update in HHT this morning on one of our prized Argentina mining plays and mentioned our forecast of a major rebound for the company, I wasn't prepared to see the little miner shoot up 100% on the day. But there it was! The Alphas are zoning in on some truly stupendous returns. Just another day in the life of the Hedgehog Trader...
1:56PM Updated! (Scroll down) GOLD, IRON and MORE! (OH, MY!)
Folks, while the Dow Jones is still nursing a major hangover from fraudulent dealings and the usual rigamarole - our JUNIOR MINING STOCKS are RED HOT! Takeovers of small miners are continuing to be announced (another one announced this morning) and we expect this to fuel a further advance in this STILL heavily undervalued sector.
Hedgehog High Roller! > > Up 33% in a Flash! << We're watching our tiny iron producer shoot up today (affectionately known as Little Piggy!), after following insiders buying, and buying in even cheaper on our own just 5 days ago! More to come in the months ahead! Another wee metal stock we own, aka 'Big 'Tiny' is also starting to break out of its trading range with a nice gain. COMING SOON: High Roller! will be recommending at least two tiny under-40-cent gold producing gems that should rocket in the next week or two. Stay tuned!
-> Hedgehog Special Ops! sent out an alert early in the A.M., including several undervalued energy stocks, and a recommendation on a 12 million ounce gold company with $25 million in the kitty. And that means, you get 5 to 10 billion in gold for only $60 million! Early reviews are in and the stock is smokin'.
-> HHT Newsletter sent out an alert this morning, with buys on dirt cheap metal explorers/producers/near-term producers, including a very interesting iron explorer trading at perhaps, just a third of its value! It's spiking today, too! We also included our outlook on the market and when gold might spike next.
*** 1:56 PM Thoughts, A Question Answered, and A Not So Slick Update On Oil ***
Gold: I think we might see a mid-week dip.
Also, a subscriber wondered why we're making some resource buys here, even though we think we're due for a correction- most of our new picks are small or microcaps and they are so undervalued, oversold and ripe for a rise, that even though the HUI pulled back from a 4.5% gain this morning to a 1.5% gain, most of these small resource recommendations that shot up early are still holding onto their 10-30% gains. Essentially, at present small cap and microcap resource stocks are outperforming everything - big cap producers, the broad markets, you name it! Resource stocks will dip and allow you to get on board - HHT Newsletter #24 suggested a time period when metal shares may drop and provide a good entry, before they take off again. But whether they'll be higher or lower than they are now is a tougher question to answer. Stocks that are currently outperforming might be higher at that point, others might be lower.
Crude oil not holding its overnight gains, yet again, is really starting to tick me off! :) However, if we see crude drop a bit further, I think we'll see it recover by week's end and then continue higher next week. We'll see!
If you think we're done with our recommendations, we're not. There are at least a dozen awesome resource stocks we'll be recommending on our services in the next few weeks! Stay tuned.
Dec 28: HSO and HHHR Subscribers:
We may issue some new BUYS in the A.M. Watch the blog to see if we've sent out any alerts!
Dec 27:
With Hamas and Israel continuing to exchange heavy missile attacks (over 200 people were killed today), we may see gold continue to spike - gold now seems hypnotically drawn toward the $900 mark again. As I scroll back through the news on Friday, it appears the start of the hostilities between Israel and Hamas was what set off gold prices - that combined with a quiet trading session may have created some larger than normal gains.
Despite its multitude of fluctuations (and there have been many), Gold is proving itself to have been the safest asset to hold over the last year. And it's proving an even better asset for those outside of the US, for those people have seen their gold holdings rise an additional 20-30% as the US dollar rose against most currencies. One thing is for sure, it's been months and months since something other than a financial scandal has impacted gold's price.
Dec 26: With most traders on vacation and trading thin, Gold made an impressive rise today (and significantly, that may give way to a more bullish scenario for metals the rest of the month), and importantly, too, oil finally began to rise, while the broad market paused and considered how poor a shopping season it was. However, I'm glad we banked some big gains in the last couple of weeks - as that is the most prudent thing to do during challenging markets. That said, I've identified at least two likely metal pause / buy points over the next few weeks (one we highlighted, in HHT #24 - and one that occur much sooner). And likely both at point one and two, we will pounce on a list of very potent resource and metal stocks I've been watching and tracking in secret for quite some time! Some are golden oldies, some are unfamiliar except to the grizzled, hardcore resource investor, and some of the smaller variety - but all 100% undervalued and ready to uncork like a bottle of Champagne on New Year's Eve! In any event, once I've completed my latest stock forecasts, we will send out an update with either a new watch list or some new buys. In the meantime, continue to hold your physical metal and resource stock positions.
Indeed, 2009 holds great promise for us Hedgehogs!
Dec 25: Merry Christmas! Have a Safe and Happy Holiday, Everyone!
[Picture: This Furry Hedgehog Feller Wishes You A Merry Christmas, too!]
For those who are interested, we share an appropriate story for the time, of Angels and Healing:
http://www.thestate.com/breaking/story/629997.html
Dec 24: Happy Holidays, Dear Friends! Thanks for reading our Hedgehog Trader Blog!
*CDN Markets are open til 1 pm today, and will be closed Thursday and Friday. And next Thursday, Jan 1st.*
*US Markets are open til 1 pm today, and will be closed Thursday, but not Friday. And next Thursday, Jan 1st.*
- Hedgehog High Roller! just sent out a recommendation on "Little Piggy", a wee iron producer.
- Hedgehog Special Ops! sent out a very undervalued Green energy recommendation this morning.
- High Roller! is watching its tiny gas recommendation (from Dec 12th) jump over 60% this morning!
Dec 23: 9:50 pm ... if metal stocks are going to show some life this week, tomorrow will be the day and perhaps part of Thursday. The broad markets should follow along.
Dec 21:
9 pm: Over the next week or so, I'll be sending out a more complete watch list for HHT, HSO and HHHR - so you can see the great companies we'll look to buy on the next 'major' dip. We've already identified some extremely interesting stocks and alluded to a handful in today's HHT! But there are quite a few we're stalking in some untapped areas.
One thing I can say is that I'm looking forward to one gold takeover recommendation in Hedgehog Special Ops! that both Alpha I and III suggest buying on the next big dip - both independently confirm that a dip and big profitable snapback will ensue!
The next week or so, we'll be running some of our most interesting ideas through our Alpha system. And we should generate some more great buys for the months ahead. We are also watching and planning to act on some compelling insider buying in a number of sectors.
Happy Hannukah!
6 pm: We saw some wacky trading and some oversized gains in a number of small gold stocks today, and I think this occurred as funds bought heavily as they tried to correct a computer glitch (or bit of manipulation) that caused a big loss for a number of small metal shares right before the market closed on Friday.
While we could still see a broad market/metals Santa rally into the end of the month (I just learned China cut interest rates), caution after that is warranted. Our latest issue of Hedgehog Trader identifies when we're likely to see our next big buying opportunity and suggests some other favourable trading months. HHT #24 was sent this morning and cashed out a number of big gains. Remember to pay yourself! The last few months have been lean, so don't leave too much on the table. 100% guaranteed there will be many opportunities to profit, even if we miss the last part of a rally. By now, it's clear that so much of trading success comes down to psychology and separating yourself from your ego while taking profits and losses. The less emotion tied to your investments, the better off you'll be.
High Roller! sent out an alert to take 45% profits on a gold explorer.
Dec 19: Right at the bell, a number of US-listed metal stocks ended up way down, while the Canadian side of their listings ended up. I'm sure there was some glitch in New York that we hope will be corrected Monday. I see one of these is now up 37% in AH trading. Not a good week for the owners of the rickety Exchanges, in Canada or the US!
HHT: I like how metal stocks have outperformed metals today (which could portend a resumption of the gold rally), and thus, I think we'll hold off paring any positions until next week - unless on a closing basis any stops are hit. Because of today's rally which we forecast (maybe we were a few trading hours early), it looks like none of yesterday's swing trade buys will be stopped out. But we will put out an HHT issue this weekend consolidating our open metal and non-metal positions.
Our site had some tech problems this morning ... but we're back.
Bush's auto bailout has lifted the broad markets and has the potential to do the same
for metals. Early this morning, the metals outperformed physical gold. But we'll have to wait and see if the trend can continue.
Dec 18: The TSX is trading again - hurrah!
Metal stocks moved slightly higher into the close, and fortunately, none of today's new metal buys were stopped out. Alas, HHT did have our oil ETF stop out yesterday. (Our stops are on a closing basis.)
We're closing a free blog trade on ESLR for a 45% gain at $3! (Issued on blog Nov 20th.)
Hedgehog Trader Newsletter sent out an alert 11:53 am recommending several elite metal stocks. (If you did not receive it, please email us, or else you can log in to our database and download the files on your own.)
Oil Thoughts: For whatever reason, oil looks like it won't be rising today. If we get stopped out of our ETF play, so be it. We won't fight the market, as we'll likely get a better set up and entry point. What is really interesting is that if oil continues to pull back, the Arab states won't stand for low prices for long and the next time out they will really curtail production, with the result that they could start another massive rise in oil prices literally back into the $70's. From from one extreme to another. The only question is do we go lower first?
Dec 17: Updated! 4 pm
Change of Plan:
HHT Newsletter: We're going to wait to see what the market does tomorrow (Thurs.) and then put out a mini-update on Thursday and run through all our positions. Plus, we'll have some strategy notes and a look at January.
The next junior ripe for a surge is one that's taken off after being added to our Special Ops! portfolio late last week. It's a US-listed junior where investors get 5 million ounces of gold in North America for $40 million and great management. At that valuation, the upside of the company is staggering.
TSX Note: the stocks on the Canadian exchanges are trading, but prices aren't showing up. Use limit orders to get in and out. I did and it worked. Good grief! What a day to melt down.
If we see gold end on a strong up note on Friday (I think we might get a drop in gold tomorrow), expect metals to trade down early next week and then back up around midweek. Broad markets are likely to follow the same pattern.
11:40 pm. We're completing some new Alpha forecasts today - if we have any intel to share we'll post it on our blog. For now, we'll let our metal positions ride. If we have any new trades (we're looking at a few), we'll email them and post on our blog that alerts have been sent. But I'm now wondering if oil, which is remaining weak after a strong start yesterday, will now pull back along with the markets before an end of the week rise. That said, maintain our stop-losses (on a closing basis).
Gold continues to climb strongly! And today is when the oil barons decide on an oil price cut. Should be interesting to see what happens to gold and oil.
Note: The entire TSX Exchange is halted due to technical problems, so no one can get quotes on any Canadian stocks.
Dec 16:
The Junior Explorers are a Rockin' to a Hot, New NEON Beat!
A small silver producer in our microcap advisory High Roller! is up 35% today! Smokin'! Our latest High Roller! pick, in yesterday's alert, is less than two cents from triggering a massive upside breakout. It was recently compared to an African uranium company that was taken over for a premium, but our miner, with 1/3 the resources is 41 times cheaper, situated in Canada close to power and road infrastructure, and is awaiting a resource update in January! We rolled the dice and bought at 52 week lows. Price and volume are picking up!
HHT Newsletter is unearthing some explosive junior miners. We just closed a two week trade for 70% gain today, and two recent buys are up 67% and 24% in less than 3 days! We'll recap the action this weekend.
HHT Newsletter also saw one of its dividend plays soar 11% today after throwing us a special dividend of 60 cents last week. Cha-ching!
4pm Update: metals and metal stocks avoided the urge to correct after the Fed cut rates and climbed into the close on a real scorcher of a move! HHT forecast a spike around the 17th of December and today's $20 move qualifies. I'm really going to be watching oil and energy stocks tomorrow ... as I think they could provide some excitement! Late Thursday and Friday is going to see a big move - really big, so it will be interesting to see if it's a correction of overbought conditions or another leg up.
2:50 pm. Metals are spiking on the rate cut. Two scenarios: gold price holds up and metals spike tomorrow again or gold sells on the news and rises at the end of the week. I expect trading to be volatile the next day or two.
There's a good chance metals and broad market will sell-off after Fed meeting - tomorrow could continue to be a sell on the news after the metals run-up we've had. Short-term traders take profits or put in stops. Close out blog trade of TRE at $3.85. It hit as high as $3.95.
Peak Oil arriving faster? New estimate:
http://www.sustainablebusiness.com/index.cfm/go/news.display/id/17315
Output decline per year increased by 3%, from original estimate of 3.7% to 6.7%.
Dec 15:
Hedgehog High Roller! was sent a new microcap uranium play.
HHT Newsletter sent out a buy alert this afternoon.
Good news for base metals? Teck closes zinc plant, lowering supply ... and now this:
http://www.bloomberg.com/apps/news?pid=20601012&sid=awp11KDNWrQk&refer=commodities
Free Blog Trade: Tanzanian Royalty Exploration (TRE). Entry: $3.75
Dec 14:
Midnight - Hedgehog Special Ops! issued an update.
10:30 pm. Go Oilers!
(A little hockey humour and a healthy dose of nostalgia thrown in there by a Canadian hockey fan!)
That is to say, Oil and Nat Gas are up 2% overnight ... lookin' good for some of the energy plays we issued last week!
7 pm: Gold is up $5 an ounce, so it looks like we're going to get a strong opening for gold Monday as investors anticipate a rate cut and oil supply cut.
5 pm: We are looking for a strong rise early in the week for metals, metals and oils.
The Fed is meeting this week as are the oil barons, who will decide whether or not to cut supply. This will have a major impact on prices all through the week - we may have some big price swings. We are working on HSO and HHT updates which we hope to have out today or tomorrow.
Dec 12: This week I've been completing a lot of forecasts with the Alphas and this weekend in HHT Newsletter I'll share with subscribers an approximate date when we should see a great big dip that could well frighten the nickers off of you, but must be bought for the enormous rebound we'll see soon after!
One thing we're continuing to see in the market is massive insider buying from the tiniest microcaps (such as the tiny gas producing energy company we recommended in HHHR this morning) to larger resource producers (featured in HSO today). While insiders don't always time things perfectly, they're in a position to know when things should be ready to turn. And they know a good deal when they see one! After all, greed for the green easily trumps company loyalty when it comes to insiders investing their cold hard cash.
Day's Blog Updated! The market is clearly rising late today because of hope that some emergency funds can bail out the automakers. If it doesn't materialize over the weekend, we could see a drop across the board early next week. But if there's an early dip, we'll layer in some additional buys we've scoped out.
Two scenarios we are looking at for next week: I think we'll either see gold dip on Monday and rise Wednesday and then pull way back at the end of the week, or in the more bullish case we'll see it rise Monday, dip mid-week and rise incredibly at the end of the week. The end of the week should have a very strong move according to Alpha I. This is all subject to revision, but next week will be chock full of excitement. If we get an early week dip, we'll be ready to pounce!
11:46 AM: This morning people did hit the sell button, but they've calmed down now that the government is cooking up another rescue scheme (which may or may not cause further market angst!).
HHT Newsletter, Hedgehog Special Ops! and High Roller! subscribers have just been issued Alerts. Oddly, gold and silver did not sell off today, although they did begin to pull way back overnight, before recovering in the morning.
Dec 11: The Auto Bailout Failure tonight looks like it will pressure stocks tomorrow and this will likely include the metal stocks that have yielded such big gains in recent days. Traders will likely be running to lock in profits.
Also: Nasdaq Exec 'Made Off' With Your Money?
http://bizop.ca/blog2/ponzi-schemes/bernard-madoff-charged-admits.html
2 pm ... We're seeing gold slowly pull back after being rejected again at $830. If I'm right, metals will tumble and we'll get an incredible buying opportunity in the resource sector tomorrow! Subscribers to HHT, HSO and HHHR -- please watch our blog and your email boxes tomorrow - if we do get a dip overnight, we will have some terrific set-ups for you to buy before close tomorrow! Swing traders should take profits on resource stocks today or at the very least keep a tight stop-loss. On the other hand, the broad markets should do just fine tomorrow.
Metals are getting overbought on the daily charts and gold might have reached resistance as gold was twice turned back at the $830 level. Some of our juniors are performing quite well this week (one of our newly added HHT Newsletter gold explorers is up 35% today!). With that in mind, I'm been compiling a list of top buys (both large and small companies) for the next dip.
Dec 10: Beyond Evenin' (UPDATED): I would watch gold and gold stocks after 2 pm tomorrow, if they start to head south that would be an indication of a further correction. Alpha I which is extremely accurate on the size of upcoming moves, suggests we'll see a particularly large move for metal stocks between late Thursday afternoon and Friday close, likely 5% or so. If that move turns out to be a rise, then I would expect a pullback early next week.
But I think we'll see that pesky metal pullback Friday and then a rise early next week. And while even I think I might be doing too much micromanaging here (and jumped out of a trade a day early), the fact remains the bear is still here! So while racking up profits is important, capital safety and locking in gains are even more important. At least, until I feel we're at a point in the clearing ... as far as signs go, the VIX which spiked up to 80 when we saw the market put in its lows have now pulled way back, indicating some complacency has returned to the market. We might need to see it spike up on a correction, before stocks can regain their forward march. It's something to watch. Also, the US dollar which we've correctly forecast as moving higher the last few months, has pulled back to support. If it slips, gold will be off to the races. This should provide us with some really interesting tug of wars! Psychology is important too. When the market reports jobless claims tomorrow, will the market shrug it off? If so, that could indicate the broad markets will continue to rise.
Evenin': This week I heard from a silver short, who was understandably nervous after a big rise in the metals. What to say? Silver is simply not a market I would short (particularly in large amounts) without an exceptionally good set-up (ie. the right seasonal factors, overbought conditions, and a confirming forecast from our Signals). Even then, I would have a tight stop-loss. Silver is like a coiled spring, due to its tight supply, and it can move far fast. Silver is likely to strengthen as the broad markets strengthen. Anyway, that makes two of us hoping for a pullback in the next couple of days.
I find it interesting that I'm getting a ton of spam for services shorting stocks using stocks, ETFs and options - that's probably a good a contrarian indicator that we're going to see a rise. Just as when we got spammed with emails on how to profit from uranium last year. That proved to be the top of that particular uranium spike, which is only now bottoming. I recall also that when the Silver ETF came in to being a couple of years ago with much fanfare, it was about that time that silver made a top that corrected painfully, at least for a time. Clearly, sometimes it pays to fade a noisy crowd ...
One of HHT Newsletter's few tech recommendations is receiving a lot of press for the takeover offers I suggested we'd see possibly within the next 6 weeks, and shares are up nearly 20% in a week! We sold a takeover oil candidate earlier this week for a nice profit and may jump back into it soon. There are so many opportunities in the market! Hopefully, we can get a dip in the next two days to reload ... maybe we'll even revisit one or two blasts from the past!
9:30 am. It looks like the rate cut did the trick for gold as we're seeing a big open for metals! Odd as it seems, I still think we could see a big pullback late this week (maybe tomorrow and/or Friday), but continue to hold your long positions as they should advance today.
10 am: AUY, HL might be worth a trade, at least for the day.
11:55 am: Those buys are looking good now! Those two blog trades ended up 8 and 13% respectively. A nice day!
One point worth noting is that our suggestion that gold stocks would outperform the metal over the last month or so has been correct. Gold has flopped between $750 and $800 while many metal stocks have risen 30% or more.
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Dec 9: 12:30 PM: Canada just cut interest rates, so we're seeing gold rise further.
This weekend I'll send out an HHT Newsletter alert with my thoughts on the market and what to expect as we look a few months ahead of us. I'll also address why the world is not coming to an end and we'll look at the tremendous investor fear that exists after such a tumultuous period, and what to make of it (My suggestion is ... Money!). I'll also highlight the months in 2009 I think will be most profitable for us and include a forecast on when I think we'll see a big energy price spike. Don't miss it! :)
Wednesday should be interesting as it is pinned as the day the auto bailout goes into effect. Will the market sell on the news? Will it rise? Will the deal even be passed? And if so, will it be bright and early? or will the market sag if there's a hitch or delay?
HHT Newsletter sent out an alert to take profits on a few US listed resource positions. While it's always a possibility to sell too early, I consider it more prudent and responsible to be too early to take profits, rather than too late, particularly in a bear market. The positive is that in a market with the kind of volatility we've seen will give us plenty of opportunities to make money - even if we're early and prices continue to rise a bit longer than we expected.
Finally, the markets have been so savage that when profits are on the table, investors should remember to pay themselves from time to time. Patting yourself on the back for profits made will in large part help to rebuild your self-confidence in the investment arena, which has no doubt taken a beating the last few months! In the meantime, we've still got some attractive lures in the pond ...
Note: I'm trying to catch up on my mountain of emails and I'm getting there, shovel in hand. Please be patient as it's been a flood recently. Thanks! :)
Dec 8: 6 pm: Today we were seeing the start of the "Omigod, I might miss the Christmas rally, so get me back into stocks!" move. And I'm talking about large investment funds that bought after us. No fund wants to underperform its peers, and as you know the only emotion as powerful as fear ... is greed! The market will probably give some latecomers a headache and a dose of doubt when next it dips, but any weakness should provide us with a few more quite opportune trades (I'm looking at a number of metal trades). Note: All orders placed between Saturday and this afternoon will be processed later tonight.
3:15 pm: I have to leave the green screen before market closes, but it looks like we only experienced a midday jitter, as metal prices have rebounded in the last hour or so (and I think we can safely credit John's limerick for that!).
1:55 pm: A further rise for metals tomorrow is the most likely scenario, but it's not guaranteed (esp. if metals are weak into the close), for metal stocks are not looking nearly as strong as they were at the open. Ideally, they will move up into the close with some oomph! The good news is any major move either way should help to clarify the direction of metals and the markets for us over the next week.
A kind long-time HHT reader submitted this bit of fun and wisdom which I hope he won't mind me sharing:
Is a banker the home-owner's friend?
When he's wrecklessly willing to lend?
They're most willing to borrow
From our children's tomorrow
While our credit has come to an end?
Our car chiefs have been loose with their dough.
There can be no excuse, they must know.
For such myopic hodgepodge
They should get out of Dodge
To make room for swift change, they must go.
Thanks to John K. for his word wizardry! (And may John's lyrics power our metal stocks higher into the close!)
Will metals make another strong surge into tomorrow? It's quite possible we'll see another big rise tomorrow- but if so, we could see a big reversal of fortunes to the downside after the fact.
An outstanding open! Gold is now up $21 and our quick friend silver is up 80 cents - thanks in no small part to proposed bailouts and spending programs with money that has long since vaporized into thin air under Dubyah's watchful eyes! What was interesting is we saw metal stocks rising near close Friday in spite of gold's weakness - and we often see metal stocks move up or down before gold and silver do the same. The broad markets are celebrating with big gains as well and a number of our non-resource recommendations last week in one of our HHT Newsletter alerts are also paying off nicely today. Does that make HHT a switch hitter?
(Now, if you'll excuse me I really must go and ingest more cold medication, so that I'll be able to lift my head to watch all today's action. Followed by a vital dose of chicken soup!)
Dec 7: 11 pm ... Hi Folks! If overnight trading is any indication, our HHT Newsletter forecast from last week for a big gold price spike on Monday looks on track since gold is up $8.20! However, as we also noted the week should be plenty full of adventure after that. And we also shared our forecast on the exact date when we expect a still bigger spike we hope to profit from.
Oh, Coup D'Etat! Will Canada Turf Their New Prime Minister?
(Proving Canada can provide just as much post-election drama, as Bush did in 2000!)
In October, Canada held an election that gave a slim majority nod to Conservative leader Stephen Harper (the equivalent of the Star Wars Imperial Command Republicans). At the time, it was pretty much a two lemming race (and by this comparison, I, in no way wish to disparage the intelligence of lemmings!) and the only other well-funded party, the Liberals (the equivalent of the Democrats), were at a disadvantage having stolen and bungled lots of cash from Canadians the last time they were in power (though the Conservatives have more than enough experience at that, too!), and really had no chance, especially as the Liberals were led by a hesitating nitwit this time around - Stephane Dion! (Yes, that made it two Stevens battling it out for leader of the North, compelling stuff for us Canadians!)
Now, to imagine Dion, you first must imagine a pretty uninspiring persona like Al Gore circa 2000, now dye his hair light, okay, now shrink him by 60%. Okay, and then pinch his nose when he talks.
Finally, right before he answers any question of national importance, tease him, then spin him around like a top to erase any hint of clarity.
Fine, well, you get the idea. :) So as you can see, it's no wonder the Conservatives in Canada actually managed to eke win during a year in which the Republicans were defeated in the US in large part by Bush's many ghosts.
In any event, once in power, Prime Minister Harper didn't seem to have an economic plan that gave anyone confidence during this financial meltdown. What's more, he suggested halting any striking by public sector union workers for two years, and recommended slashing federal funding for future elections (thus, hindering his party's future challengers!).
That led the other parties to collectively grumble and consider forming a coalition government to overpower him. So, things are pretty interesting here, to say the least. The impact? It's hard to tell at present.
Suffice it to say, if he is turfed, Canada won't have lost one of its great leaders - he's pretty much Bush 'Lite', a control freak who was known only to allow 'team-player' reporters at his scrums ('softball' questions allowed only, like Bush), and a person who sees everyone in terms of a dollar sign.
When Harper did his best to smile during his campaign ads, it was like a wolf drooling at his concerned citizens ... not quite the spitting image of a courageous Winston Churchill exhorting fearful citizens, "The only thing to fear is fear itself."
Anyhow, Harper has decided to take a little break from the sandbox leaving with his shovel and bucket, and has temporarily suspended Parliament. Fun.
What this means is that we could conceivably see a second election in a matter of months!
Sometime in January we'll see whether the coalition of parties (a motley crew in their own right!) can successfully yank the slippery banana feel from beneath the ego-driven tyrant's well-manicured feet!
--
And sometimes you have to laugh to stop from crying ... :)
Mexico wants to shrink coins to save a few cents
MEXICO CITY (AP) - In these tough economic times, does it feel like your money is shrinking? Well in some countries it is - literally.
With money getting tighter and metal costs rising, Mexico is hoping to save a bundle by making some of its coins smaller, and with cheaper metal. A bill to modify the country's coinage has been approved by the Mexican Senate and will go to a vote in the lower house of Congress in February.
Supporters say a switch to smaller change will save major coin - nearly 15 million dollars a year in production costs.
Australia and New Zealand recently eliminated their one- and five-cent coins, and in 2006 New Zealand shrank its 10-, 20- and 50-cent coins.
The U.S. Mint is also lobbying Congress to make the American penny more cost-effective, noting it currently costs 1.2 cents to produce a one-cent coin.
Ed's note: While the financial press is manically depressed about our financial prospects, in our next full HHT Newsletter [date still TBA], we will highlight some positive forecasts we have for the markets and the months we consider best for investing! Stock market pessimism is a recipe for big gains.
Dec 5: We saw a vicious metals pullback Friday, and then a rally in the last hour.
The HHT Newsletter sent out an alert today.
Dec 4: 11:30 am ... Metal stocks could see an up-day today and then a pullback tomorrow. What happens tomorrow will be key in setting up next week.
Dec 3: Some Needed Levity ...
The Onion ... presents George Bush's farewell letter:
http://www.theonion.com/content/opinion/im_really_gonna_miss
Er, oh yes, and this afternoon, HHT Newsletter sent out an Alert!
Dec 2: Not A Bad Day! At least not following on the heels of yesterday.
One scenario we're looking at, is a rebound for metals and markets (they seem to be trading together the last while) over the next day or so, and then a let-down before the end of the week.
Meanwhile, in other news...
Hedgehog High Roller is looking to pump 'a little' iron later this week.
Let us all bow before the Govern-ator!
Hedgehog Special Ops! One of our special situations plays just received a takeover offer and it will be interesting to see if the offer price is raised. Takeover and merger activity is a very good sign for the metals sector! For if a series of metal stock get gobbled up, investors will bid up other small metal stocks - and that will bring the undervalued junior sector more in line with what they're really worth. (ie MUCH, MUCH MORE!)
3:40 pm. Hedgehog Trader Newsletter! sent out an alert with two inexpensive buys (urp!).
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Dec 1: Wow, talk about a big tumble in metals and the broad market this morning! We've heard from a lot of you - I'm glad many traders were able to dodge this bullet after our early warning on the blog last week. We can see the VIX spiking over 13% showing investors were getting complacent and were caught off-guard.
This time around at least, we were expecting this correction and I see it as a good thing, as the longer a rally goes without a correction, the deeper the correction that ensues - so here's hoping we're seeing a more sustainable trend in place. In fact, some pull-back action should help us set up some trades this month.
Uranium - U308:
Hedgehog Trader has fielded dozens and dozens of emails about uranium and uranium stocks over the past 6 months. So we're putting together a very inexpensive report on the out of favour Uranium sector with our outlook and some recommendations. If you're interested in the sector, please email us with 'uranium' in the subject line and we'll contact you when it's available.
Nov 29: 2 am. We apologize for the delay: Hedgehog Special Ops! will be out later tomorrow. We're just about done (99%), but we're completing some forecasts of some of our smaller resource companies and so far, our outlook quite excellent.
Nov. 28: Gold is up nicely today and it will be interesting to see if metal stocks rally even further into the close. US exchanges are closed, Canadian exchanges remain open until 4. I remain cautious for next week, as I think we could see a big correction as shares have had a strong run. The only issue is whether it will come early in the week or a bit later. If you have some gains this week, put in some stops or cash out. I'll have another look after consulting my Alpha forecasting signals later this weekend.
Nov 27: High Roller: Sale of The Season!
Until Dec 21st ONLY ...
For $59, YOU can download our latest High Roller Issue (10 pages), including our two Newest BUYS!
(That's a 77% savings on our quarterly rate!)
- CLICK HERE! to access all 8 of our Buys ... find out which metal explorer's CEO bought over 2 million shares of his own shares on the open market, the largest insider buy in the entire resource sector! Own shares for under a dime ... (Just recommended!)
- Learn of a terrific silver producer mining 1.8 million ounces of the shiny metal for $4 and ounce and is nearly tripling production to $4.5 million ounces next year!
- To say nothing of our single best performing gold explorer, up a scorching 100% the last 3 months, after making multiple amazing gold strikes in British Columbia!
- A central Canadian mining company moving closer to a mine with each incredible drill result! (Just recommended!)
- A tiny Goldcorp buy-out target: the last remaining company exploring where every other company in the area has been gobbled up by the Canadian mining giant!
- Resource prices are rising, microcap insiders are buying, these tiny stocks are ready to surge!
Thoughts on Microcaps: Small companies can generate BIG gains (our very f
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