High Oil Price and Weak Dollar Suggest Continuing Gold Strength

Source: Mineweb.com (9/11/07)

...On that occasion (May 2006) the rise above $700, and the rapid fall back again back below the $700 level took place in the space of only around two days! That suggests today may be the crunch day - and prospects are looking bright so far.

I'm sure gold followers will find it significant that this time around gold has already remained above the $700 an ounce mark longer than it did when it shot up to peak at around $730 in May 2006. On that occasion the rise above $700, and the rapid fall back again back below the $700 level took place in the space of only around two days! That suggests today may be the crunch day - and prospects are looking bright so far.

Two of the major factors which many analysts feel are key to gold price strength - a strong oil price and a weak dollar - are both in play at the moment and if this situation continues, and there's little reason to suggest it won't, then the gold price should at the least consolidate in the $700-$710 range - and possibly move forward from that. Paul Walker, CEO of specialist gold analysts GFMS, speaking to Mineweb/Moneyweb on Friday felt that perhaps as much as $750 was in sight in the short term, but beware a sudden spike in the price. On past experience a big gold price spike can be just that - a spike - and the price can come back as fast as it goes up.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."