Gold mining Stocks are very undervalued - James Turk

James Turk : we trade gold mining stocks in term of dollars or Euros but they are producing gold they are producing wealth and what will happen is the same thing that happened with stocks that produce commodities in countries that have hyperinflation , the prices of those shares will rise , because what would you rather do have your Reichs Marks setting in a bank earning a little bit of interest or would you rather own a mining company denominated in Reich's Marks , the same thing is true in Zimbabwe their mining companies prices of shares rose because you better off owning an equity in a company that creates wealth so if we do get this hyper inflationary system as I expect I think the price of the mining shares will soar ...one thing the market does is it always tests our patience and we are seeing that now with the mining shares but you have to put this in the perspective the last bull market in a mining share ended in 1998 with the collapse of Reax ? we went into a ten year bear market when after the Lehman collapse even top quality mining companies the big majors were going for pennies in the dollar that was the end of the bear market we've come up since then we have been trading basically at new highs on the major companies the juniors always follow at a later date ....


James Turk and Bill Murphy of GATA http://gata.org explain how gold mining stocks are very undervalued and can rise spectacularly as the precious metals bull market continues. This video was recorded on 29 April 2011 in Munich, Germany.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk, as long as Gold Silver ratio is higher than twenty Silver is cheap

Bill Murphy calls for silver at $400 : ...well if you are looking to what James has said if you are looking for 400 dollars ( silver ) the answer is yes , and as I mentioned earlier and I talked about a lot this year I think we are into an unprecedented situation there is no telling of what gonna happen over night , even today , having done this all day everyday for twelve and half years now it is just stunning but what I have heard the price did because they know that this is following Ben Bernanke's press conference and what the FED had to say , this is a massive obvious repudiation of that , this is the last thing that these people want so , and the more the gold price goes up the more the average person says I want to buy but I cannot afford gold so I want silver and the short position is getting strangled and it is getting worse ....James Turk : ...as long as Gold Silver ratio is higher than twenty Silver is cheap , and as long as silver is in backwardation , Silver is cheap , or something else can happen which is something that we all have to consider the paper market is going to lose its importance as price discovery mechanism it goes back to my comment at Mises about government and politicians destroying the market but they do not understand how they work , the paper market is being destroyed that's what backwardation is telling us , it's no more reliable you have to look what's happening in the physical market , and the physical market is unbelievably tight , because there is just a little amount of physical silver and a huge amount of paper out there.......




Bill Murphy (http://gata.org/) and James Turk talk about how undervalued double-digit silver is and reiterate James' target of 400$ silver.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Making Money in Gold and Silver

An outlook on the gold and silver trade, with Rob Stein, Astor Asset Management and Christian Magoon, Magoon Capital. Christian Magoo : "you have a number of options here. one way to hedge just a general way is to own the physical gold ETF. i like IAU. it's less expensive and owns the physical bars of gold. to be a little more aggressive, should gold have a correction of 10% or month? i actually like junior gold miners, gdxj. it's the ETF that owns a variety of those, and it's been a more volatile way to play gold. at this point it's kind of come on track a little bit from gold as physical gold is positive for the year, but junior gold miners is negative for the year. i think there's an opportunity there"