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On Monday, Canada's stock market took the biggest dive in the last three months, shedding 206 points as commodity prices tumbled. So, not only are rising interest rates and inflationary fears spooking the investors into a sell-off, but now commodities are also losing their footing. Natural gas is…
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Monday, oil and the precious metals were hit hard. While the popular media stories reported that too many speculators had entered the market for metals, or that the rise in prices was finally over, this old market timer can only delivery the news I believe. Gold, silver, copper,…
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Something strange was happening with Canada's stock market last week. Commodity prices soared as usual; copper, zinc and nickel reached brand new highs; while oil flipped back well over the $70.00 mark. Yet, the S&P/TSX Composite performed an elegant, yet uninspiring, death spiral. There are very few certainties…
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Considering how well the mining sector is doing, especially in Canada, no wonder the industry is going through a slew of mergers and acquisitions. I mentioned last week in PROFIT CONFIDENTIAL the trial and tribulations that Inco is going through as of late, trying to close a friendly…
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In America, we are not feeling it yet. But the rest of the world is. What I'm talking about is the slowly devaluing U.S. dollar. Here, at home, if the U.S. dollar falls in value against other world currencies we don't feel it unless we are traveling outside…
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Driven by strong commodity prices, Canada has seen its currency on a nice upward trend since trading at $0.62USD in January 2002. On Tuesday, the spot Canadian dollar (CAD) broke above $0.90 U.S. dollars (USD), a level we have not seen in over a decade. If you have…
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Yesterday, the S&P/TSX Composite Index closed at 12,321.73. So far, in 2006, the index gained 9.5%. Last year, it gained 21.9%, the year before that 12.4%, and the year before that 24.3%. From the historical perspective, such a steady growth rate was often equated with the market's gross…
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In the late summer of 2001, I officially turned bullish on gold bullion and silver. Back then, silver was trading at $4.25 U.S. an ounce--today it's over $12. Gold was then trading at $275 U.S. an ounce--today, I'm pleased to see, gold bullion has broken $600. In the…
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A warm New Year's hello to all my beloved Profit Confidential readers! I say warm because the temperature this year has been uncharacteristically high. This holiday season, I enjoyed the best weather ever in Southern Florida with warm sun every day. In Toronto, there's no snow on the…
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Both Michael and Mitchell touched on the topic last week, but I wanted to reiterate why platinum should be a part of your portfolio. Platinum futures have jumped again, as supply is not enough to meet demand. Platinum topped $1,000 an ounce last week, while gold jumped to…
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A few weeks ago, I discussed the proposed takeover of gold producer Placer Dome Inc. (NYSE/PDG) by Barrick Gold Corp. (NYSE/ABX) in a hostile takeover attempt valued at $9.2 billion, or $20.50 per share. At that time, it was unclear whether a so- called "white knight" would emerge…
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If you are a commodity player, 2005 has no doubt been a great year. If you only owned oil or oil and gas stocks, you would have had a great year. Now, with the year almost over, my prediction is that 2006 is going to be different. Not…
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One of my favorite companies, The Providence Service Corp., just announced two small acquisitions that reveal much about the quality of the company's management. The company said it acquired a therapeutic foster care services company, as well as a company that provides management services for not-for-profit providers of…
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It looks as though Michael's not the only gold bug crawling the Street these days. Resource stock buyers late last week helped contribute to the Toronto Stock Exchange's bounce above the 10,000 mark for the first time since October 2000. Barrick Gold, Canada's fourth largest gold miner, rose…
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Over the past 36 months, 32 stocks I have recommended have gained more than 100%! Here are just a few examples of my actual annualized returns: 701% PROFIT from Golden Star Resources 388% PROFIT from Wheaton River Minerals 1,059% PROFIT from Prosoft Training 391% PROFIT from Bema Gold…
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When I was growing up, I used to watch The Beverly Hillbillies with my father when it was on TV. It was a father-daughter thing--he loved the crazy show, even though just the sound of it on the television drove my mother nuts, and I loved spending the…
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Spending time with friends who are either businesspeople or investors is a favorite pastime for me. I find it so interesting getting different views on where people believe the economy is going and where they are investing their own money. When I first started telling people three years…
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Here are just a few examples of my actual annualized returns: 701% PROFIT from Golden Star Resources 388% PROFIT from Wheaton River Minerals 1,059% PROFIT from Prosoft Training 391% PROFIT from Bema Gold 931% PROFIT from Beacon Power 1,399% PROFIT from LCC International Now I want to use…
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Is it the U.S. dollar? Is it oil prices? What is it? Oh my, how quickly things change in the new global economy. A few weeks ago, investors were all but ready to give up on their gold stocks. Then, bang! Gold stocks start rising rapidly again. In…
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On a trip last week to London, England I was shocked on three fronts. I was surprised to see how expensive property has become in London and surrounding areas. I was further surprised to see, despite the Bank of England's steady rising of interest rates, that demand for…
