Once More Into the Breach for Gold

Source: Mineweb.com (10/15/07)

...If we start seeing competitive devaluations in other currencies that could lead to some probably unwarranted dollar strength (although likely to be temporary) and the recent pattern has seen gold fall on dollar strength. But most analysts would currently recommend buying on weakness as the feeling is that the overall trend continues to be upwards.

For a few hours on both Thursday and Friday the gold price surged through $750 only to be brought back rapidly by profit taking, but it ended the week at just a tiny fraction under the $750 barrier. This week it opened in Asia and then in Europe comfortably above $750, and so far has been moving up steadily, reaching close to $760 at the time of writing, yet again a new 28 year high. With this kind of momentum and price elevation the all-time high of 1980 has to be considered to be in reach within the next few months, if not the next few weeks.

Will it stay or will it go (up or down)? That is the question facing investors at the moment. Probably the one cloud on the horizon for gold bulls is that there are mutterings on the monetary front from the Europeans and Chinese in particular, that the dollar has dropped too far, potentially eroding exports to the US as foreign goods are seen as too expensive. If we start seeing competitive devaluations in other currencies that could lead to some probably unwarranted dollar strength (although likely to be temporary) and the recent pattern has seen gold fall on dollar strength. But most analysts would currently recommend buying on weakness as the feeling is that the overall trend continues to be upwards.

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."