The Gold Report
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.'
Notable Quotes
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >
"DGC is attractively priced and should outperform its peers." (5/10/13) Detour Gold Corp. - Brad Humphrey, Raymond James More >
"Lead, zinc and gold factor heavily into the economics for MAG's Juanicipio silver project." (5/14/13) MAG Silver Corp. - The Metals Report Interview with Brent Cook More >
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.'
More Experts
"ATY absolutely has potential for further discoveries at El Roble." (5/10/13) Atico Mining Corp. - The Gold Report Interview with Paul Harris More >
"OLE has the single largest set of deposits in Senegal, a country where gold mining is growing." (5/13/13) Oromin Explorations Ltd. - The Gold Report Interview with Peter Grandich More >
"BRD's Grey Fox continues to return high-grade gold results." (5/9/13) Brigus Gold Corp. - Eric Winmill, Casimir Capital More >
"We currently have a Buy recommendation on PVG." (5/8/13) Pretium Resources Inc. - Ash Guglani, Salman Partners More >
"NGC will solidify its position as having the most advanced and economically robust graphite project out there." (5/8/13) Northern Graphite Corporation - Kiril Mugerman, Industrial Alliance Securities More >