Category: Investor’s Corner

Gold looks to be making a turn again as it has added more than $10 back to its totals so far this week; breaking back north of $1,370 per ounce. While some people remain focused on the short-term aspects of gold prices, the majority of investors in the precious metal or mining companies are still focused on the long-term picture which has most people expecting the prices to continue upward in coming years. Other metals such as silver and copper continue to be in high demand and are not anticipated to see any significant decline in price in the near term and certainly not in the future with analysts, once again, calling for increases prices for the valuable metals.

La firma minera tiene una buena perspectiva sobre todo por el buen desempeño esperado en el mercado del acero

MÉXICO, 19 de enero, 2011.- Actinver Casa de Bolsa reintrodujo su precio objetivo (PO) 2011 de 43 pesos para la acción de Compañía Minera Autlán (AUTLAN), a la vez que actualizó sus estimados para este año.

Endeavour Silver Corp. (EDR.TO) edged down 0.2%. The miner, which owns two silver-gold mines in Mexico, said it forecasts the seventh consecutive year of production growth as it expects to produce more than 3.7 million ounces of silver and 19,000 ounces of gold in 2011.

The eyes of silver bulls are sparkling as prices climb amid rumours of silver bullion shortages.

Mind you, the Financial Times site says that the talk is “mainly down to one particular website. Zerohedge.”

Over at Zerohedge, Tyler Durden says that “On Friday we disclosed that major precious metals distributor, retailer and trading house BullionVault.com had run out of physical silver inventories in Germany (and possibly elsewhere) and was advising clients to seek the precious metal elsewhere. Today, we find that the UK joins Germany in what is now becoming the second round of the global silver shortage (the first one occuring in May 2010 when it was unclear just how the ECB would deal with insolvent PIIGS). Below is the warning by British BullionByPost notifying clients that the company currently has no silver bars in stock.”

Newmont Mining Corporation (NYSE:NEM) percentage change fell -0.74%, currently trading at $56.14 and its overall traded volume is 1.36M shares while reporting at 11:00 AM on Wednesday, the stock has average daily volume of 6.22M shares.

Yamana Gold Inc. (USA) (NYSE:AUY) slid -0.35%, currently trading at $11.52 and its overall traded volume is 1.41M shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 5.59M shares.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) slid -1.21%, currently trading at $36.02 and its overall traded volume is 436,532.00 shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 851,034.00 shares.

Brigus Gold Corp. (AMEX:BRD) moved up 1.70%, currently trading at $1.79 and its overall traded volume is 274,140.00 shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 1.02M shares.

MEXICO DF (Reuters) – La bolsa mexicana subía el miércoles apoyada por las acciones del Grupo México luego de que el precio del cobre trepaba a niveles históricos, pero en un mercado atento al comportamiento de sus pares en Estados Unidos.

Virgin Metals Inc. (CVE:VGM) is a Toronto, Ontario, Canada based exploration and development company engaged in advancing copper focussed projects in Sonora State, Mexico. Virgin Metals’ strategy is to systematically explore and develop the Company’s primary assets: The Los Verdes and the Curatro Hermanos deposits. The Company’s current focus is to update the Los Verde’s pre-feasibility study while increasing the measured and indicated mineral resource of all the of the Company’s reserves. Virgin Metal’s long term goal is to develop on of more profitable operating copper mines in Mexico.