Benjamin Borden's "Best Canadian Stocks"

Exactly one month after Christmas and the immortal voice of Burl Ives is still ringing in my head!

What are we to think of “Silver and Gold” at this moment? In Burl’s own words…”how do you measure its worth?” Well in the video below I have a look at the some current gold and silver charts. I believe the next rational level of support will be found at the 200 day moving averages. For gold this means support in the $(USD) 1270 range and for silver support in the $(USD) 22 range.

Now take this rational approach with a grain of salt – the sector is highly charged with emotion and the irrational always has an equal chance (or better?) of prevailing. But if the correction gathers steam, the junior mining stocks could be hit hard being derivatives of the underlying silver and gold prices. If a decent pullback begins you can expect to see these stocks swing well below their moving averages. If you own these stocks, ouch. If not it could be a great time to buy in soon and I’ll review our most popular Canadian silver stock soon with a strategy that I like to use to buy in at the best price possible.

Connacher Oil and Gas Ltd. is usually seen as the “smallest of the big guys” or the “biggest of the small guys” – take your pick – when it comes to players in the Canadian oilsands. Regardless this integrated energy producer is nicely situated to take advantage of increasing energy prices. And yes, Connacher properties are actually PRODUCING, unlike some other high priced properties that are years away from development. Connacher’s stock has been basing for approximately two years after collapsing in the crash of ‘08, and – in the short term anyway – has just recently made a higher high. Very interesting…

PS Next week I want to look at a Canadian silver stock, whichever gets the most votes, so vote and have your say! ———>