The Gold Report
Gold futures finally regained the much-anticipated $700-an-ounce level Friday, and analysts are optimistic prices can go higher.
A softening dollar and potential for further weakening should give gold firmer footing. The metal is dollar-denominated, so when the U.S. currrency falls, gold becomes cheaper to buy relative to other currencies...
The gains came in the wake of a weak U.S. jobs report...
"I do think gold will extend this surge," said Bill O'Neill, analyst and one of the principals with Logic Advisors, who looks for prices to perhaps test $730 to $735 an ounce..."
Notable Quotes
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More >
"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More >
Gold Regains $700 Amid Hopes Prices Will Rise
Source: Wall Street Journal (9/10/07)
"I do think gold will extend this surge," said Bill O'Neill, analyst and one of the principals with Logic Advisors, who looks for prices to perhaps test $730 to $735 an ounce..."
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"We reiterate our Buy recommendation on SVL." (5/16/13) SilverCrest Mines Inc. - Kwong-Mun Achong Low, Jennings Capital More >
"TGZ's Q1/13 production and reduced spending positively impacted NAV." (5/16/13) Teranga Gold Corp. - Barry Allan, Mackie Research Capital More >
"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James More >
"NGC is one of the few graphite companies to have completed a feasibility study." (5/15/13) Northern Graphite Corporation - Ron Struthers, Resource Stock Report More >