Streetwise Articles
Gold Needs Good News to Break Through $960 Barrier
Source: Mineweb, David Levenstein (8/17/09)
"With central banks now less inclined to sell their gold. . .this changing attitude will have a positive impact on gold."
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Cash4Gold Accepts Other Precious Metals, Too
Source: AHN (8/17/09)
". . .the U.S.-based company went into Canada not only as part of its global expansion, but because of high demand from Canadians"
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The Commodity World Is Growing in Strength
Source: Mary Anne & Pamela Aden, Aden Forecast (8/17/09)
The commodity market is bubbling. Whether it be sugar reaching a three-year high, copper and other base metals reaching almost one-year highs, or oil and gold rising further. The markets are looking good.
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Gold Remains Rangebound
Source: Seeking Alpha, GoldCore (8/17/09)
". . .gold still remains within a frustrating range of $925/oz to $972/oz."
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The New CBGA: Neutral for the Price of Gold?
Source: Seeking Alpha, Gold Stock Strategist (8/16/09)
". . .based on recent actions, signatories to the CBGA do not seem anxious to sell their gold. . ."
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John Doody: Searching for Value Comes Up With Winners
Source: The Gold Report (8/14/09)
Heralded as "the best of today's best," Gold Stock Analyst author and publisher John Doody's Top 10 portfolio is up 61% through the end of July. In this exclusive interview with The Gold Report, Doody talks about misperceptions about a summer slump, his Market Cap metric, and select producers or near producers he thinks are well positioned to thrive in the current environment.
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Useless, Pointless Gold
Source: Adrian Ash, BullionVault (8/14/09)
"Gold isn't the long-term store of value that people think it is. It has no industrial use, and provides no income..."
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The Gold/Silver Ratio
Source: David Morgan, Silver Investor (8/14/09)
In this week's missive, Tom Jeffries interviews David Morgan about the gold/silver ratio, with a focus on the currency crisis. "Everyone understands that the death of the dollar is imminent," says David, "there will be a mad rush for the precious metals both gold and silver!"
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Strong Gold, Weak Stocks
Source: GoldSeek, Rick Ackerman (8/14/09)
". . .the sum total situation will be deflation as defined by: Deflation = Reduced Supply of Money AND Credit."
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Gold Falls on CPI Data; Silver Retreats from 2-Month High
Source: MarketWatch, Moming Zhou (8/14/09)
"Participants were eyeing the state of intensity of risk appetite as the week winds down."
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Why Did the U.S. Gov't Confiscate Gold in 1933; Can It Happen Again?
Source: www.GoldForecaster.com (8/14/09)
In this the second part of this series we look at the big global picture when President Roosevelt's Administration confiscated the gold of U.S. citizens. Based on this part, in the next part we contemplate whether it can happen again. The 'why' of it all, is critical to our understanding of the global monetary system now!
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What You Have in Common with King Nebuchadnezzar
Source: Jeff Clark, Casey’s Gold & Resource Report (8/13/09)
"There's no reason to invest in gold," said the finance editor of a major newspaper interviewing me. "If gold goes up because of inflation, then so does everything else, so why buy it? It's not really a good investment." She was serious. Yes, she is a finance writer. And yes, it's a newspaper you've heard of…
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Canary in a Gold Mine
Source: GoldSeek, The Mogambo Guru (8/13/09)
". . .by flooding the market with government gold, this short-circuits this "canary in a coal mine" inflation alarm. . ."
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Why Gold ETFs Are All About Timing
Source: Seeking Alpha, Tom Lydon (8/13/09)
". . .a new season may provide gold and related ETFs with the opportunity to shine."
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Gold Moves Up, But How Short-Lived This Time?
Source: Mineweb, Lawrence Williams (8/13/09)
"This has been quite a sharp run up and could have legs if the dollar weakness continues."
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SA Gold Production Falls 12%
Source: miningmx (8/13/09)
"Total mining production for the second quarter of 2009 decreased by 10.7%. . ."
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Gold & Silver, Technically Speaking
Source: Chris Vermeulen, TheGoldAndOilGuy.com (8/12/09)
Commodities continue to trade at their pivot points while the pressure rises! Precious metals are trading at support; this is referred to as a pivot point. With any luck, we will see gold and silver rally Thursday and Friday; but, if that fails, I figure PM's will slide quickly to lower levels.
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New Use Seen for Worthless Paper Money
Source: Numismater.com, Richard Giedroyc (8/12/09)
"Bank notes that have depreciated to the point of being worthless have ended their lives rather ignobly in the past as toilet paper, wallpaper. . ."
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Peter Campbell: Cheerful Prognosis for Dr. Copper
Source: The Gold Report (8/11/09)
Even if emerging economies' demands for copper were to falter, Jennings Capital Inc. Mining Research Analyst Peter Campbell sees plenty of polish on copper ahead. Even a gradual climb out of recession will prompt North American and European manufacturers to replenish inventories as they begin restoring production to pre-crash levels. As for the copper companies themselves, he tells The Gold Report that some of the best bets lie with emerging producers that are prepared to augment diminishing supplies with new finds.
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U.S. Silver Trust Assets over $80 Mln: ETF Securities
Source: Reuters (8/11/09)
"The silver trust. . .experienced high volume during its first week of trading, which beat its own expectations."
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Don't Get Ripped Off Buying Silver Coins
Source: Gold World, Alex Koyfman (8/10/09)
"The cheapest silver bullion coins are privately minted."
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Dubai Sees Surge in Gold Company Registrations
Source: World Gold Council (8/10/09)
". . .total imports of gold in Dubai reached 300 tons during the first six months of 2009"
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Precious Metals Update: Don't Count Out Gold
Source: Seeking Alpha, GoldCore (8/10/09)
"Although it may be vulnerable to a correction in the short term, this will merely serve as an excellent buying opportunity."
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Gold, the Perfect Antidote to Wall Street Chaos
Source: Commodity Online (8/10/09)
"So you think of gold as just a wartime investment. Think again."
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Gold Used in Counter-Terrorism Nanoscience
Source: World Gold Council (8/10/09)
". . .sunlight and DNA create silver-gold bimetallic nanostructures capable of detecting explosive substances."
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