Eastern Markets Bring Gold Even Nearer $800

Source: Reuters (10/29/07)

"I think the market will aim for $800," said Darren Heathcote of Investec Australia in Sydney. "I suspect there will be some selling pressure just before, should we get that high. But certainly, the fundamental reasons are still holding good that oil prices are high and there's geopolitical concern and the dollar is weak," he said.

Gold rallied to its highest level in nearly three decades on Monday as speculative buying gained pace after crude oil struck a record high on tensions in the Middle East and the U.S. dollar tumbled to an all-time low.

Not to be outdone, platinum touched a record high before slipping, silver rallied to its best level in eight months and palladium hit a two-week high. Physical trade came to a standstill as jewellery makers watched gold prices gyrate...

"I think the market will aim for $800," said Darren Heathcote of Investec Australia in Sydney. "I suspect there will be some selling pressure just before, should we get that high. But certainly, the fundamental reasons are still holding good that oil prices are high and there's geopolitical concern and the dollar is weak," he said.

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."