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-- Posted Wednesday, 14 February 2007 | Digg This Article
I’m off to New York Yankees spring training tomorrow (God willing) and will write a detailed update before month’s end. But, please allow for a very short review just so you know where I stand at this moment. U.S. Stock Market – Still looking for rally to establish a short position. Ideally, the hoopla of hitting 13,000 on the DJIA may do the trick. Gold – I don’t think I could be more bullish. I’m hoping $700 can be hit so I can still appear on ROB-TV. I’ve noted gold was in its best technical shape in years and sure enough, we’re seeing acceleration to the upside. Surprises should continue to be to the upside. GATA’s argument of manipulation gains more substance as each month passes. There appears to be a concentrated effort to cap gold, but it’s being overwhelmed by strong physical buying. Click here to see what I think happens to the shorters when all is said and done. http://www.grandich.com/image/jump.gif Copper – The sideways to countertrend rally I foresaw continues to unfold. However, any rally back towards $3 is strictly a selling opportunity. $2 or below before year’s end appears to be more a question of when, not if. Uranium – I think more people are realizing Cigar Lake is either lost or can be far longer to come on line than Cameco was trying to suggest at the beginning of the year. This can only enhance the uranium price and $100 is now quite doable. U.S. Dollar – It’s on life support. Despite a mass media bullish blitz by the “Don’t Worry, Be Happy” crowd on Wall Street, the fat lady is in the building and warming up. The downside is likely to accelerate if 83.80 bases the U.S. Dollar Index is taken out to the downside. Oil – Outside of a major geopolitical event, we’ve now likely seen the bulk of the rally off of the $50 level. Look for a sideways to down trend into summer with a minimum re-test of $50 before any long term reason to get back heavily into oil. Grandich Publications, LLC. P.O. Box 243 • Perrineville, NJ 08535 www.Grandich.com phone • 732-642-3992 email • Peter@Grandich.com Grandich Publications, Inc. provides research, analysis, and investor relation services for certain of the companies featured in the articles appearing in its publications (each a “Featured Company”). Featured Companies may pay fees to Grandich Publications, Inc. that may include securities-based compensation that would appreciate if the company’s stock price rises. Accordingly, there is an inherent conflict of interest involved that may influence our perspective and provide an incentive for publishing favorable information with regard to a Featured Company. Grandich Publications has been given the right to exercise stock options. A complete list of options and share price (in Canadian dollars) is listed on the company website. Furthermore, most companies have entered into agreements to pay Grandich Publications a monthly fee. Fees are also listed on the website. The material herein is for informational purposes only and is not intended to, and does not constitute the rendering of investment advice or the solicitation or an offer to buy securities. The foregoing discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, future events and the financial performance of the Company which are inherently uncertain and actual events and/or results may differ materially. This report may refer to “measured, indicated and/or inferred mineral resources”, which do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever achieve the status of “ore reserves”. A Preliminary Assessment is based on inferred resources that are geologically speculative, and as a result, there is no certainty that the economic considerations or results will be realized. Third party statements contained herein and information contained in any source cited herein are not endorsed by or adopted by Grandich Publications, LLC, nor has their accuracy been verified by Grandich Publications, LLC.
-- Posted Wednesday, 14 February 2007 | Digg This Article
Peter Grandich is the Managing Member of Grandich Publications, LLC (www.grandich.com).
The company publishes The Grandich Letter (first published in 1984) which covers the metals and mining industry, follows world markets and economies, and covers the Canadian markets from an American prospective.
Grandich also provides a variety of corporate finance and development services to publicly-held companies.
Peter Grandich is also the Managing Member of Trinity Financial, Sports & Entertainment Management Company, LLC (www.trinityfsem.com), a Registered Investment Advisor in the State of New Jersey. Trinity provides investment advisory services to individuals, small to mid-size businesses, professional athletes and entertainers.
Peter is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.
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