The worst may be over for companies and investors who have weathered the depressed gas prices of the past few years, but that doesn't mean it's clear sailing from here. In this interview with The Energy Report, Robert Cooper, senior energy analyst with Haywood Securities, talks about the need for selectivity and patience for catalysts that can crystallize underlying stock values. It's a battle of long-term investors versus short-term traders.

I found this article to be a good summarization of what happened today in the gold and silver markets.  Today was definitely a good start to what I described yesterday.

 

http://goldstocktrades.com/blog/2013/05/20/bullish-engulfing-pattern-in-gold-silver-and-the-miners-may-signal-near-term-bottom/

"Half science, half art, half luck," is how Brent Cook describes a geologist's work in distinguishing an anomaly from a deposit. But in his interview with The Gold Report, the publisher of...

While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter.

George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold: call options on gold mining stocks.

Starting out with, George Soros, billionaire financier and chairman ofSoros Fund Manangement LLC, was the target of bearish gold commentary this week issued by Bloomberg. While Bloomberg journalists correctly reported that he’s been cutting his stake in gold, what they failed to mention (which was articulated here on May 16th), was how he reallocated the proceeds.

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Jurisdiction risk continues to grow as a result of countries attempting to capitalize on higher commodity prices. In this interview for The Gold Report,Thibaut Lepouttre, editor of Caesars Report, a...

Europe, says James Turk, founder and chairman of GoldMoney, is in the midst of two crisesone in the banking sector, the other related to economic activity, and capital is needed to solve both. As to...

Not all shale plays are created equal, and one in particular is bucking the trend with robust economics and company share prices that show it. But is it too late to buy in? Fund Manager Josh Young doesn't think so, and he sat down with The Energy Report to discuss the hottest (and coldest) North American shale plays. Read on to find out where he's finding bargains that could pay off handsomely.

Today’s Sprott’s Thoughts relate comments made by Sprott USA Chairman Rick Rule in the May 2013 issue of Bonner & Partner’s Family Office Strategic Review (www.bonnerfamilyoffice.com).

“Natural resource speculators know that past uranium bull markets offered some ’explosive’ (pun intended) upside. I have been fortunate enough to experience two uranium bull markets: the 1970s bull market, which saw a tenfold increase in the uranium price and a hundredfold increase in some uranium equities, and the bull market of the last decade, which saw a repeat of the earlier performance.[1] If past is prologue, the stage may be set for a third uranium bull run.

“Conditions have changed so completely since the 1970s that a thorough examination of that market teaches us little that is relevant today. But one thing about the 1970s bull market is instructive -the market collapse was partially caused by two catastrophic plant failures: at Chernobyl and Three Mile Island.

The bull market of the 2000s, he says, gives fodder to the case for higher uranium, because the bear market that preceded it is similar to conditions we experience today:

“An examination of the last uranium bull market is more instructive, particularly because many readers were participants. This great bull market had its origins (as almost all natural resource bull markets do) in the preceding bear market. In that 20-year-long bear market, the nominal (non inflation adjusted) spot uranium price declined from over $30 per pound in 1980 to $8 per pound in 2001. The costs of producing uranium began to exceed the spot price for many miners[2].

“By the turn of the millennium, the stage was set for a dramatic rebound. Uranium producers had total production costs exceeding $20 per pound. They sold their product on spot markets for $8 – losing $12 per pound on sales. There was little incentive to increase or maintain production.

“Of course, these low prices were beneficial to power generators and power users. So uranium’s utility to consumers was high. As a consequence of this extraordinary utility, declining US demand was more than offset by increased demand elsewhere – particularly from France, Japan, South Korea and Taiwan.