The Gold Report
The phrase Onwards and Upwards has provided a motto, or aim, for many organisations and clubs around the world, and it is now the mantra for the gold sector with prices surging back again to the high $770s this week...
Indeed, as the price progresses new 28 year highs will become commonplace up until the all time high of $850 is in sight...
There actually seems little in the way of gold climbing surely and steadily through $850, short of some massive concerted effort by the international financial community to prevent this on the grounds that gold strength emphasises dollar weakness and would thus further destabilise the greenback. It looks now though that such a move may lack motive. There seems to be general recognition that the dollar has to fall further to relieve the huge US deficit and the mitigation of such a fall will likely come from Central Bank currency manipulation rather than gold price manipulation (Central Bankers are loath to rate gold as currency!), with the declining dollar already starting to impact on manufactured goods sales from the other industrialised nations.
Notable Quotes
"MND remains our preferred low-cost gold and silver producer." (4/15/14) Mandalay Resources Corp. - Duncan Hughes, RFC Ambrian More >
"PGLC is building a very nice gold resource." (4/14/14) Pershing Gold Corp. - The Gold Report Interview with Michael Berry More >
"GUY is loaded up in cash and gold." (4/10/14) Guyana Goldfields Inc. - Tickerscores More >
"TMM announced record Q1/14 production, a beat to our target." (4/9/14) Timmins Gold Corp. - Philip Ker, PI Financial More >
"CYD has very savvy management." (4/9/14) Cayden Resources Inc. - The Gold Report Interview with Jay Taylor More >
The Force Is With Gold: Upwards Momentum Continues
Source: Mineweb.com (10/26/07)
...There actually seems little in the way of gold climbing surely and steadily through $850, short of some massive concerted effort by the international financial community to prevent this...
More Experts
"ICG's base-case PEA for Lamaque has a pretax IRR of 51%." (3/27/14) Integra Gold Corp. - Mike Bandrowski, Clarus Securities More >
"SVL's value proposition has returned with its share price decline." (3/25/14) SilverCrest Mines Inc. - Joe Reagor, ROTH Capital Partners More >
"We are resuming coverage on PLG following the close of its $20M financing." (4/2/14) Pilot Gold Inc. - Tara Hassan, Haywood Securities More >
"CGT is developing one of the most promising early-stage gold projects in South America." (4/2/14) Columbus Gold Corp. - The Gold Report Interview with Oliver Gross More >
"BRI has a great team, very attractive projects, sufficient funds, first-class investors and a strong schedule." (4/2/14) Brazil Resources Inc. - The Gold Report Interview with Oliver Gross More >