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Silver

In the world of investing all that glitters...

Berkeley Mineral Resources and Gold

With our share portfolio in free-fall there's not much good news coming out of Investor Trader for the moment. That is unless you consider Investor Trader's new colour scheme news-worthy? I had hope for Berkeley Mineral Resources (BMR.L) when I fleetingly glanced over last Thursday's Kabwe tailings JORC results RNS pre market-open. But irrespective of what nuggets it contained, deep down I think I knew the market was always going to shrug its shoulders and continue its southerly trajectory. The news? Well on the plus side we're sitting on a higher grade of lead. Masoud Alikhani, Chairman of BMR had this to say: "We...

A Great Week For Gold

Fuelled by the possibility that the US may soon default on its debt - to avoid default, US politicians have to agree to raise the country's debt limit by 2nd August 2011 - coupled with the imminent announcement of the European Banking Authority's stress tests on 90 banks across Europe, it was a bumper period for our gold play last week. Gold has long been seen as a primary haven purchase in times of economic uncertainty. And there's no doubting that these are uncertain times. We're long on gold at £20 a point (averaged in at $1,530.65 USD per ounce with a...

Buys and Sells and Gold

Lots going on, but I'm heading off - on holidays that is. A midsummer week of island-hopping in Scandinavia. Now if that sun would just re-appear. I'm usually not one to scare too easily but today - with a week away from the keyboard coming up and the way things are heading on AIM - I've had a bit of a sell-off, turning four of our holdings to cash and dipping in for a cheeky top-up on one share, that - in my humble opinion - has been way over-sold. Time will tell. Believe it or not the four shares we've liquidated...

A Golden Update

It's been a bit of a rocky road for our gold play over the past few weeks since we got on board in late April at just a notch above $1,500 an ounce. The one month chart (below - courtesy of SharePrice.co.uk) shows the spot price for gold rocketed to over $1,560 an ounce in late April before returning those gains (and then some) sharpish in the first fortnight of May. The 12 month chart (below) makes for a little more optimistic viewing in the mid- to long-term but after taking a closer look at the three more substantial short-term downtrends...

Buying Gold

So I'm up and running with my first financial spread bet for a while. The ghosts of financial spread betting failures past have been laid to rest with a renewed bout of reading and I'm ready to make my fortune (sic) trading commodities. I popped 100 quid in my trading account (big spender) and I've bought gold at 10 pounds a point at $1,502 with a stop at $1,492. The stop is a little closer than I'd like it but being an optimist (albeit one with only 100 quid in their account) I've opted for a larger bet and a closer stop...