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
"ROG's PEA projects a low cash cost of $455/oz and a 47.7% IRR." (3/5/14) Roxgold Inc. - The Gold Report Interview with Ron Struthers More >
"BAR's drill results from Grasset attest to the area's underexplored nature and polymetallic potential." (3/5/14) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"TGM has demonstrated a 100% success rate at five new Karma targets." (3/4/14) True Gold Mining Inc. - Tara Hassan, Haywood Securities More >
"GUY will continue to be an excellent stock to own." (3/4/14) Guyana Goldfields Inc. - Ben Kramer-Miller, Wall St. Cheat Sheet More >
"We continue to favor accumulating shares of KDX." (3/3/14) Klondex Mines Ltd. - Philip Ker, PI Financial 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
"ATY has a proven management team, high grades and expansion potential." (3/3/14) Atico Mining Corp. - Erik Bermel, M Partners More >
"ICG's Lamaque has all the qualities to become Val d'Or's next gold mine." (2/25/14) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"We expect KDX's Fire Creek PEA to confirm very robust economics." (2/28/14) Klondex Mines Ltd. - Erik Bermel, M Partners More >
"The results from CFO's Duparquet project are pretty encouraging." (2/26/14) Clifton Star Resources Inc. - The Gold Report Interview with Michael Fowler More >
"RIC's 2013 production was above its guidance and our forecast." (2/21/14) Richmont Mines Inc. - Adam Melnyk, Desjardins Securities More >