Peter Schiff, Doug Casey, Rick Rule to headline June 3-4, 2012 World Resource Investment Conference in Vancouver Convention Centre East. Register >>
Doug will be there (from Argentina)... Will you?
Register >>
Headlines:
Are Gold and Silver Prices Really Being Manipulated? Mr. Casey wants proof... Fair enough.
"For many years now, a meme has been floating around that the prices of gold and silver are being manipulated, which is to say suppressed, by various powers of darkness. This is not an unreasonable assertion." More >>
Calandra's Colombian Gold 'N Girls. Thom's just returned from Colombia, the country closest to his heart, with an excellent update on the gold, sex and vintage Medellin scene:
"This is Colombia, whose peso since 2008 is among Latin America’s strongest.
- Whose intake of gringo investor cash is among the world’s growth leaders.
- Whose applications for mining concessions quadrupled in less than five years.
- Whose women are asserting their right to do … to do whatever the mundo they please, señores." More >>
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Sell in May and go away? Not in an election year says Gold Stock Technician Frank Barbera, in this excellent
Gold Report post,
Natural Resource-Related Stocks Show Promise. Here's an excerpt:
"Looking out two to five years, if we do see a rising trend in inflation, I think money will look very favorably at resource-related stocks. Today, the multiples on some of those stocks are as cheap as they have ever been. A few years ago, gold mining stocks were selling at 30 to 40 times earnings. They are now down to 6 to 8 times earnings and, in some cases, 8 to 9 times cash flow. That is something you see maybe once every two or three decades. That means there are very cheap stocks and some outstanding values." More >>
What Volume Tells Us About Gold Stocks. This week's Casey Research mining weekly offers important reminders on what the current weakness really means for this market:
“First, at some point the sellers will tire or we'll run out of them – especially if gold prices hold up at or near current levels. At that point, even without any major changes in our market fundamentals, interest from buyers could swamp out the sellers; this is what is meant by a "consolidation phase" or a "regrouping" before the next surge upward. And if buyers become the dominant player in the market, which could easily occur once gold heads north again, stock prices could push dramatically higher.” … ”For a $1,000 investment right now, you can get about 0.6 ounces of gold. However, for the same $1,000, you'd get four ounces of gold by buying shares of Goldcorp… or more than five ounces buying Eldorado Gold.” More >>
A Special Invitation to the World Resource Investment Conference. Jeff Berwick's calling all vigilantes to Vancouver - June 3-4, 2012.
"The conference is free if you pre-register and has a truly world class roster of speakers including Doug Casey, Rick Rule, Peter Schiff, David Morgan and many more." More >>
#WRIC12 Infographic:
There's no better time than tough times to get involved with our sector, so come one, come all to this conference! (and please tell your friends).
We'll see you
June 3-4!
Yours,
The Cambridge House Team
