Stay Focused on the Glitter

Source: Seeking Alpha (9/16/07)

...At this stage I would be inclined to have about 66% exposure to the yellow metal with the balance invested in a basket of gold stocks such as the Merrill Lynch Gold and General Fund...

...The last week’s move has taken the gold price to above $700 for the first time in more than 16 months. It has also taken gold to within $143 of its all-time high of $850 that was reached on January 21, 1980, and within $23 of its May 12, 2006 high of $730 (which, incidentally, was the highest level since 1981)...

At this stage I would be inclined to have about 66% exposure to the yellow metal with the balance invested in a basket of gold stocks such as the Merrill Lynch Gold and General Fund. Any pull-back in gold stocks, from what is possibly a short-term overbought situation, can be used to adjust the weightings to equal proportions.

The fundamental and technical gold story looks decidedly positive. Any short-term correction should therefore be viewed as a buying opportunity. This may come in the form of investors once again becoming preoccupied with raising liquidity as seen in July, but don’t let that scare you off – stay focused on the glitter.

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."