Streetwise Articles
The Real Price of Gold
Source: Adrian Ash, BullionVault (9/21/09)
GOLD'S CURRENT price-tag of $1,000 an ounce suggests big doubts over the US Dollar, its domestic economy, and its status as the world's No.1 reserve currency. Or so we guess after 10 years of watching it quadruple from two-decade lows. But gold investors (old, new and everywhere) should note that this decade's bull market in bullion is about much more than the greenback.
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Australian Gold Stocks - Exciting Performance
Source: Neil Charnock, Goldoz.com.au (9/21/09)
It has been a very exciting few weeks in the Australian Gold Sector since we announced a fresh break out. . .Within the big picture this recent gold share price rise is only a small part of a follow-through rally, which commenced in the October to November lows of 2008. That period was in essence a "bear trap."
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COTS Data Shows Speculative Fever Not High in Gold or Silver
Source: Seeking Alpha, GoldCore (9/20/09)
"Many traders are likely looking for gold to reach new record (nominal) highs prior to 'selling on the news'. . ."
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HSBC Bids Farewell to Dollar Supremacy
Source: The Telegraph, Ambrose Evans-Pritchard (9/20/09)
"What is occurring is an epochal loss in the relative wealth and economic power of the old G10 bloc of rich countries."
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IMF Approves $13bn Gold Sale to Aid Poor States
Source: The Guardian, Andrew Clarke (9/19/09)
"A portion of the gold is likely to be auctioned on the open market."
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Silver/Gold/REE Review
Source: David Morgan, Silver Investor (9/18/09)
Many have been asking what is going to happen with gold and silver this month, and I maintain it is a tough call. The September month is usually pretty positive for the metals. . .I'm pretty bullish for September but I'm very cautious going into October. . .
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What Will Conditions Be Like, Globally for Gold to Be Confiscated Pt. 6
Source: Julian D. W. Phillips, GoldForecaster.com (9/18/09)
As the sixth and final part of this series we now look at this question: "Is it possible to get a synthesis of world governments to override the attraction of gold?"
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Clif's Notes: Grand Supercycle Favors Gold & Silver
Source: The Gold Report (9/18/09)
A serious student of equity market cycles and stock charts, market technician Clif Droke pulls no punches about the fact that the 120-year Grand Supercycle bodes ill as it approaches its end. Clif peppers this exclusive interview with The Gold Report with some thoughts about how to take advantage of an impending "recoil rally" before we close out the "best recovery year in memory."
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Gold Futures Rise for Fifth Straight Day
Source: MarketWatch, Nick Godt (9/18/09)
"Many traders are likely looking for gold to reach new record highs prior to 'selling on the news' and taking profits"
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Pakistan Joins Big Yellow Metal Rush
Source: Commodity Online (9/18/09)
"Hedging in gold is still on higher side in Pakistan. . ."
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Copper Surge Loses Momentum
Source: MoneyWeek (9/18/09)
". . .the further we are from levels justified by the fundamentals, 'the further there is to fall.'"
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Could China Push Gold to the Moon?
Source: David Galland, Managing Director, Casey Research (9/17/09)
Inside sources have recently confirmed the Chinese government is actively promoting gold and silver investment to the masses. . .Some analysts now contend that China can no longer afford to let the gold or silver price slump. . .
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Under the Cover(s) with Pediment Gold
Source: Richard (Rick) Mills, AheadOfTheHerd (9/17/09)
Mexico's precious metals mining started in earnest with the conquest of the Aztecs by the Spanish Conquistadors in 1521. What Cortez found when he landed on the Mexican coast at Vera Cruz was much more than the Spanish could ever have dreamed. Montezuma was ruling an advanced Aztec Empire that was already mining metals, and whose predecessors had been mining since at least 950 AD. . .
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Gold at $1,000 Spurs Sales of Old Jewelry as Scrap Rises 22%
Source: Bloomberg, Millie Munshi (9/17/09)
"Investor demand for a refuge from tumbling prices of financial assets sent gold up 31% in the past year."
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Is the Treasury Out to Kill Money Market Funds?
Source: David Galland, The Casey Report (9/17/09)
Tim Geithner, the Goldman Sachs Secretary of the Treasury, has gone on record as saying that the government will withdraw its $3 trillion backstop guarantee from the money market fund industry, on schedule, this September 18. While I am for any reduction in the government's role in the economy, this decision is pretty interesting. . .
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Time to Cash In?
Source: Hard Rock Analyst Journal (9/17/09)
The overall market tone remains bullish though volumes are still light. It's an impressive turnaround from the "world is ending" scenarios outlined only a few months ago. Many more analysts and commentators have turned bullish in the last couple of weeks. While the bearish population is still healthy. . .growing bullishness could become a contrary indicator.
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Inflation's Not Driving Gold's Bullish Run
Source: Seeking Alpha, The Sovereign Society (9/17/09)
"If gold prices are tied to inflation, then why has spot gold risen a cumulative 300% this decade compared to just 25% for U.S. CPI?"
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Greenback Gases, Gold & the Coming Shift
Source: Bullion Bulls Canada, Darryl Robert Schoon (9/17/09)
"Bankers in charge of our economies makes as much sense as candy makers being in charge of our diets"
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Eritrea's Mining Industry Starts Rolling
Source: The Media Line, Adam Gonn (9/16/09)
"It's a very easy and very attractive country to be operating in."
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China's Metal Demand Returns in 'Big Way'—CLSA
Source: Bloomberg (9/16/09)
"In the next 12 months, having exposure to copper is going to be a good investment."
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Gold: A Permanently Exuberant Plateau?
Source: Adrian Ash, Bullion Vault (9/16/09)
SO SPECULATIVE BETTING on gold going higher now equals a record-busting 752-tonne position in Comex futures and options, yet this is not a bubble according to Michael Pento of Deltaga.
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Four Major Developments All Gold Investors Should Watch
Source: Jason Hamlin, Goldstockbull.com (9/15/09)
Gold has finally breached the $1,000 level and looks like it might hold the line on this latest attempt. . .A series of new and significant events have unfolded over the past few weeks that have influenced the precious metals markets and will likely continue to support gold's price advance.
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Gianni Kovacevic: Pro-Copper Crowd Grows
Source: The Gold Report (9/15/09)
Corporate development strategist and consultant Gianni Kovacevic still takes a shine to copper—but he has a lot more company now than he did a few months ago as copper climbs. Also a fan of molybdenum, which is often a significant byproduct of copper mining, Gianni says it does more than fortify steel for pipelines, vehicles and beams. He calls it the "glue" of any growing economy.
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Can $1,000 Gold Last?
Source: Seeking Alpha, Frank Holmes (9/15/09)
". . .this unusual convergence of factors creates favorable conditions for gold investors."
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Gold Is Just Messing With Bankers' Heads
Source: GoldSeek, Rick Ackerman (9/15/09)
"It is a price that is beautifully suited to arbitrage."
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