big ideas for global investors Search
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

Kitcommentary from Kitco Metals Inc. - "Will The Real Santa Please Stand Up?"

Category: Investment, Gold, Mining

Visit this company:

December 10, 2012 ( Mining stocks newswire) Metals markets moved higher this morning on anticipation that Mr. Bernanke will cut in front of another bearded gentleman (due in two weeks or so) and dole out some green-hued presents early.

The naughty and/or nice recipients of such putative gifts would then rush out and buy all sorts of assets they have evidently been placing on their wish lists over the past month but did not dare buy, owing to the Grinches fighting in Washington. Things like long gold contracts, certain stocks, etc..

When it comes to QE, why, it has been the single best carrot to be dangled in front of gold ALL year long. Too bad small investors are no longer biting on that carrot. Dealers still report more selling than buying. This is a spec market if I ever saw one. And I saw about 35 of them...

But, hey, perhaps after the longs dumped nearly 150 tonnes of long gold positions last week, maybe this is not just Fed-based overeager anticipation but a "let's try in the other direction for a change and see what happens." Gold was down seven+ weeks outof the last 10 or so. Let's play the technicals: 1680-1730

And, don't forget: Arrivderci Signore Monti! The unthinkable (a reinstalled failed cruise ship lounge singer coming back to power in Rome ) can still happen. What did they do to deserve this in Italy, Santa?

Jon Nadler
Senior Analyst
Kitco Metals Inc.
North America
US & Canada Toll Free: 1 (877) 839-8036
Websites: and

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info:

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner


Investor Ideas © 2000 - 2015®, ECON


login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |