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..."

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..."

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."