Gold Continues at Elevated Levels on Dollar Weakness, Higher Oil Prices

Source: Thomson Financial (London) (10/11/07)

'Nobody seems to want to talk about the fact that the Dow is, itself, at near all-time highs while gold is climbing the wall of worry,' said Kitco analyst, Jon Nadler. 'Someone has to wonder which market blinks first.'

Gold continued at elevated levels after punching through another near 28-year high this morning, as dollar weakness and higher oil prices gave bullion a fresh boost.

However, the precious metal is still below the 750 usd level, having added only 5 cents to last Monday's high of 747.75 usd before running into resistance just below the psychologically important level.

Gold's push up yesterday came as it moved as usual in the opposite direction to the dollar, and as market players looked to hedge against rising inflation led by firmer commodities...

'Nobody seems to want to talk about the fact that the Dow is, itself, at near all-time highs while gold is climbing the wall of worry,' said Kitco analyst, Jon Nadler. 'Someone has to wonder which market blinks first.'

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."