Where Is Gold Headed Next?

Source: Boris Sobolev, Seeking Alpha (10/16/07)

...Big money continued to flow into the Street TRACKS ETF (GLD), which added 15 tonnes in two weeks for a total of 593 tonnes.

Gold has been showing exceptional strength in the last couple of weeks despite a number of factors that could have caused a significant pullback. For example, a number of US economic indicators were recently revised to the upside, reducing the expectations of further rate cuts this year. In addition, Axel Weber, an influential member of the European Central Bank's governing council and president of Germany's Bundesbank, expressed concern about inflation indicating that further monetary tightening could continue in the euro zone.

But this did not deter gold from moving higher. Big money continued to flow into the Street TRACKS ETF (GLD), which added 15 tonnes in two weeks for a total of 593 tonnes.

Is gold going to spike (in the style of the April-May 2006 run) to an all-time high of $850, or pullback to the lower $700’s? A pullback now would be much more favorable as it would be a setup for a further, more powerful run later this year. But we cannot exclude the possibility that an upward spike could occur in the near future either.

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."