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
"P has discovered a bonanza area in the Victoria vein." (12/5/13) Primero Mining Corp. - Morning Coffee More >
"NRE has the highest basket price for contained minerals, within a well-defined resource with excellent expansion opportunity." (12/4/13) Namibia Rare Earths Inc. - The Gold Report Interview with Mike Niehuser More >
"LODE should double the rate of gold production in 2014 to 40 Koz/year." (12/4/13) Comstock Mining Inc. - The Gold Report Interview with Mike Niehuser More >
"NG is focusing on advancing Donlin Creek, arguably one of the world's largest undeveloped gold deposits." (12/4/13) NOVAGOLD - The Gold Report Interview with Mike Niehuser More >
"Investors should keep an eye on PG's Cove project in Nevada." (12/4/13) Premier Gold Mines Ltd. - The Gold Report Interview with Mike Niehuser 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
"CXO's North ROK could still contain 100–300 Mt, the size of Imperial Metals' Red Chris mine, which is down the road." (11/27/13) Colorado Resources Ltd. - The Gold Report Interview with Eric Coffin More >
"TGM has quite good logistics and very strong management." (11/27/13) True Gold Mining Inc. - The Gold Report Interview with Eric Coffin More >
"AR is one of the top five long-term plays in the growth-oriented producer space." (11/26/13) Argonaut Gold Inc. - Jordan Roy-Byrne, The Daily Gold More >
"CGT is one that I really love. I like it even more since it recently did a deal with Nord Gold. This could be a real big winner." (11/25/13) Columbus Gold Corp. - The Gold Report Interview with Jay Taylor More >
"Those looking for platinum prospectors that appear 'cheap' might take a look at NKL." (11/21/13) Prophecy Platinum Corp. - Thom Calandra, The Calandra Report More >