Streetwise Articles
Gold Price has Nowhere to Go but Up
Source: Marc Davis, BNW News (9/15/09)
"Gold will soon become the next global asset bubble now that pivotal global economic events are finally converging to propel its ascent into record territory. This is the most recent consensus shared by many key business leaders who have the most at stake."
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Confusion Will Be This Market's Epitaph
Source: Brent Cook, Exploration Insights (9/15/09)
There is no doubt that the major and mid-tier gold mining companies need new gold resources—regardless of the gold price. That is a fact. Making money then only involves positioning yourself in the way of a gold discovery.
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Gold Going to $1,500—John Embry
Source: Gold-Prices.biz (9/15/09)
"In John's commentary he says that the silver fundamentals are better than those of gold. . ."
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Copper, Gold Slump on Trade War Jitters
Source: MarketWatch, Nick Godt (9/14/09)
". . .the attractiveness of a trade war when the global supply chain is so integrated is limited."
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Banks Accelerate Hiring of Commodity Traders
Source: Bloomberg, Bernard Lo and Kim Kyoungwha (9/14/09)
"For top traders, especially investment bank traders, $1 million is not unexpected, it's easy to get."
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Gold's Soaring Prices Worry Indian Jewelers
Source: Commodity Online (9/14/09)
"The disappointment looms large particularly in the context of the ensuing festival season."
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Central Bank Gold Purchases Could Push Gold to New Highs—GFMS
Source: Mineweb, Rhona O'Connell (9/14/09)
". . .this time the weight of investment money. . .could well be sufficient to see prices vault the $1,000 barrier"
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Who Else Has Been Buying Gold?
Source: Seeking Alpha, Andy Abraham (9/14/09)
". . .are you the last one now to be buying gold?"
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Will the Next Silver Bull be Chinese?
Source: Silver Investing News, Melissa Pistilli (9/14/09)
"Clearly, the government believes the country is strengthened if everyone who can holds some hard currency"
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If Only More People Could See and Feel Monetary Gold
Source: GATA, Chris Powell (9/13/09)
". . .once it gets into the hands of central banks. . .it simultaneously multiplies itself to infinity and becomes invisible."
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Axel Merk Makes a Case for Currency
Source: The Gold Report (9/11/09)
Axel Merk, of Merk Investments, suggests that with inflation looming, the USD failing, and equity markets remaining volatile. investors might want to further diversify their portfolios with baskets of foreign currencies. Merk tells The Gold Report that while a world reserve currency is impractical, ungovernable, unworkable and unlikely, diversification within each country's reserves would make sense in the global economy.
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What the Heck Is Going on with China?
Source: Doug Hornig, Sr. Editor, Casey's Gold & Resource Report (9/11/09)
We already learned, back in April, that China has been salting away bullion for the previous six years, out of sight of international gold watchers. To the tune of 14.6 million ounces. Now the evidence suggests that that was merely the prologue.
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Precious Metals--What Do I Do Now?
Source: David Morgan, Silver Investor (9/11/09)
It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative. At the present time, I treat the commodity differently than I treat the underlying mining equities. . .
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Gold, Silver and Other Metal Prices
Source: CoinNews, Jon Nadler (9/11/09)
"Shortly after the open, precious metals matched and/or took out their February highs. . ."
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Gold Heads for Fourth Weekly Gain
Source: Bloomberg, Kim Kyoungwha (9/11/09)
"Gold has risen 14% this year, while the Dollar Index, a six-currency gauge of the dollar's value, shed 5.6%."
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This Time $1,000 Gold Looks like It May be for Real
Source: Mineweb, Lawrence Williams (9/11/09)
". . .if $1,000 is indeed a new floor, what is the upside?"
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Gold Sees Continued Profit Taking
Source: Seeking Alpha, GoldCore (9/11/09)
"With the dollar under significant pressure, a test of new highs should be imminent."
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Gold Used in Cancer Drug Delivery System
Source: World Gold Council (9/11/09)
"lasers. . .heat specially-coated gold nanoparticles to burn up cancerous cells while leaving healthy tissue unaffected."
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Money Talks, Gold Shouts
Source: GoldSeek, John Browne (9/10/09)
"If we were to return to a gold standard today, each ounce of gold held at the Fed would have to back a breathtaking $39,000. . ."
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Back to School with a Bump
Source: Adrian Ash, BullionVault (9/10/09)
So you get back after Labor Day as summer ends, and what do you find...? Deposit accounts are still paying zero, the stock-market's trading way above its average price-earnings ratio, housing could have another 15% to fall before finding rock bottom, and central bankers would be drowning in ink if they didn't use photons to create money instead.
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Is the Fun for Gold Just Beginning?
Source: Jeff Clark, Casey’s Gold & Resource Report (9/10/09)
You likely heard that the Central Bank Gold Agreement was extended by the signatory banks last month. This is the agreement where central banks around the world agree to limit sales and to do so in an orderly fashion so as to not disrupt prices…
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School's Back
Source: Hard Rock Analyst Journal (9/9/09)
Few are convinced they can read a direction for the broader markets. China is applying breaks to its lose debt conditions, but it may take a few months before that impact is seen. The one market where caution seems to be abating is that for precious metals.
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Gold, Stocks and the 10-year Cycle Peak
Source: Clif Droke (9/9/09)
Talk is now circulating in financial quarters of a new "mini-bubble" in the making. Apparently the unbounded rise in the stock market is reviving fears of another collapse like the one suffered last year. Another reason that the "hated rally" has sparked fears is that we're about a year removed from the final "hard down" phase of last year's 6-year cycle collapse.
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Fed Will Do Anything to Keep Gold Down
Source: GATA, Richard Russell (9/9/09)
"Whatever it takes will be utilized to hold the only constitutional money down."
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Are U.S Treasuries and Gold in Conflict?
Source: Seeking Alpha, Gregor Macdonald (9/9/09)
". . .the purchasing power of Gold to the U.S. 10-Year's price is breaking out to a new high."
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