Jordan Roy-Byrne warns that judging by past events gold is likely to be a bit wobbly in the wake of the correction over the last few days. Thus we have seen gold fall from a high of $2067 to a low point of $1885-ish, a recovery back over $2000 and now we are wobbling around $1990 per ounce. But in the greater scheme of things, given that we have risen from around $1560 per ounce this year, these wobbles don’t add up to much. My Montana log-cabin stands firm. So in the context of a c. 27% rise this year, although gold is wobbling the wobbles are insignificant in my view. Gold shares, on the other hand, have been far wobblier...
Woke Britain – it is ching ching for the 1% and you and I pay for it: Meet Amanda Bates. Read HERE
GDX (AMEX - GDX), the ETF of gold-producing majors, started the year at under $30, topped out at $45 and slipped back to $39 and has recovered to $42.6. GDXJ, its “junior” counterpart (which is not so junior as its tenth largest holding would still make the FTSE100) started the year at around $42, topped out at $65 before falling back to $55 and now stands at $60.5. Gold shares are rather more volatile. Whilst this correction plays out, it is well worth watching gold shares that you want to pick up as there will be bargains to be had. In that context, my purchase last week of Malcolm Burne’s Golden Prospect Precious Metals (GPM) leaves me feeling extremely clever: having spotted a hefty fall I piled in at 57.2p and the shares are now 68.6p. It is almost tempting to cash in on a very quick profit, but in my view the rules of the game are currently to buy on dips and just hold. So hold I will. The same applies to my unit trust holdings of BlackRock Gold & General and Junior Gold – the latter of which is also nicely exposed to silver. Indeed, if the correction throws up a chance to increase my holding in Junior Gold I will surely take it, for it is at the junior end of the market where we will see the biggest gainers as the gold bull-market plays out. But, as per previous warnings, Junior Gold is ultra-sensitive to the gold market, massively outperforming when times are good and the opposite when times are bad.
Read HERE: Xtract Resources – Manica hard rock production here goes: increased target price...
I am still keeping an eye on fully-listed Centamin (CEY) as its shares are still hanging around the £2 mark and a small slippage below that point would see me reach for the buying boots. In the meantime I can look forward to the 6 US cent dividend next month, which works out at around 4.5p per share…..yum-yum. My other formal tip, AIM-listed Ariana Resources (AAU) has also been wobbling – having slipped below 5p briefly (sadly I missed my chance) they are now up at 5.55p. My intention is to offload a few more above 6p, and with Q1 numbers due any day as well as further news on the corporate deal with Ozaltin involving $30 million and a special dividend there is plenty to look forward to. Any wobble below 5p should certainly be bought in my view, but as my own holding will again be far too big at 6p I will be offloading around 10% at that point. Ariana is a great company, but hard experience has taught me that you certainly can have too much of a good thing on the AIM Casino.
As for GDX and GDXJ, the upside potentially on offer with GDXJ means a bit more slippage will see me reaching for my buying boots here too. Its record high is at $82, the high point reached during the last gold bull-market and $82 is also Jordan Roy-Byrne’s measured upside based on his technical (and historical) analysis. At c. $60 the upside is very tempting. At $55 the attraction would be irresistible. In short, these corrections - which will come and go during the bull cycle - should be seen as buying opportunities, either to get in on a share you might have missed, to increase exposure to your favourite plays or to pick up bargains as I seem to have done with Golden Prospect (at least so far!). But it is important to have a war chest ready and waiting, as these corrections are not always as predictable as the one just gone. So stick to your targets: take a bit of profit on the way up – then you’ll be selling when the world is buying (so getting a good price) and topping up the war-chest so you can buy when everyone is panic-selling. And while central banks keep on rolling those printing presses and governments continue to harvest the magic money tree, we can keep on playing this game for a good while yet.
Read HERE: Fulham Shore – “achieving one of its highest weekly turnover figures”, but...
Filed under: gold, Reach4Entertainment, Amanda Bates, Xtract Resources, Immedia Group, Fulham Shore
RISK WARNING & DISCLAIMER - FiveFreeShareTips.com tips are provided by independent authors via a common carrier platform and do not represent the opinions of FiveFreeShareTips.com. FiveFreeShareTips.com does not accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at FiveFreeShareTips.com and via emails you receive from [email protected] are for your general information and use and are not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by the tipsters or FiveFreeShareTips.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Trading shares involves the risk of loss. The tipsters and FiveFreeShareTips.com shall not be liable for any losses or other damages incurred. The value of investments can go up or down and the past is not necessarily a guide of future performance.
Well actually it will be six. One every week day and one on Sunday, each landing with you at 11 AM sharp.
Unlike other services (which may always have a vested interest) we pride ourselves on our impartiality and cover all small caps including AIM. the Standard List, The Wider Main Market and NEX.
We cover small caps, penny shares, FTSE 350 stocks and blue chips. We look for red hot penny shares, Warren Buffett style value investments with yield and growth stocks. There is no technical analysis in our work just solid fundamental analysis from a team of experts with decades of stockmarket experience.
You will not agree with all we publish but if you are interested in small caps you cannot afford to ignore it either. Yo'll never be charged for the free share tips from Five Free Share Tips and given the star writers involved you know that they will move share prices.
There's no telephone number or postal address required and there is no charge, ever, for your Five Free Share Tips membership. Just free shares tips every day apart from Saturday And each day's share tip will not just be a few thoughts cobbled together but will be detailed analysis from experts.
Our experts do not just earn their living from writing. All own shares. If they own shares in a stock they cover they will declare it and will not sell until after advising a sell to our readers. And why not our tips are so good that why shouldn't our readers put their money where their mouth is?
Don't just take our word for it! Judge us on the calibre of our free share tips and join today to start receiving them from September 1 2017. If you don't like what you get delivered to your inbox unsubscribe and you will never hear from us again. So why not give it a go? Sign Up Now
We've put together a panel of top tipsters, including:
Tom Winnifrith, in his 27th year writing about shares, noted fraudbuster & dubbed "The maverick Tipster"
Chris Bailey, City whizz kid turned financial guru, rated as one of the top 50 commentators on shares on twitter, founder of Financial Orbit
Steve Moore, has worked with Tom Winnifrith for all bar 3 weeks of his working life - a noted commentator on value stocks
Malcolm Stacey, The Grandfather of Share Blogging, the founder of ShareCrazy & a best selling autthor of stockmarket books
Lucian Miers, the Bard of the Boleyn, one of the UK's best known short sellers
Gary Newman, writes about value investing on AIM, speciality is in share tips on oil and mining companies
Nigel Somerville, The Deputy Sheriff of AIM, an expert in forensic analysis a skill used to bust frauds but also to tip true value investments
The team from HotStockRockets, specialising in AIM and small cap shares which will fly on a three month view
Remember to book your place at the UK Investor Show 2018. The UK’s top investment show taking place on Saturday 21 April 2018 at the Queen Elizabeth II Conference Centre in Westminster, London. The show will feature a unique line-up of top speakers including Nigel Wray, tech queen Vin Murria, Dave Lenigas, Mark Slater, Tom Winnifrith, Adam Reynolds, Ed, Croft, Nick Leslau Luke Johnson and Dr Johnny Hon as well as 135 exhibiting small cap companies.
The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Conduct Authority authorised Stockbroker or Financial Adviser. We cannot be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). FiveFreeShareTips.com & its sister site ShareProphets.com defines a smaller company share as any stock traded on AIM or NEX or which has a market capitalisation of less than £300 million.