Streetwise Articles
Global Miners Eye 10,000 Gold Deposits in China
Source: Commodity Online (6/8/09)
". . .China will be a major catalyst in the field in the coming years."
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Dr. Copper Is Back in Town
Source: Mineweb, Barry Sergeant (6/8/09)
". . .metal price set to at least hold around its recent multi-month highs."
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Sellers Sabotage Gold's Celebration
Source: GoldSeek, Rick Ackerman (6/8/09)
"Now, with Friday's rally, the dollar warrants even closer scrutiny. . ."
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Silver Slips Out of Backwardation
Source: SilverSeek, Trace Meyer (6/7/09)
". . .the gold to silver ratio will most likely continue narrowing. . ."
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Obama Effect - Good for Dollar, Bad for Gold
Source: Mineweb, Lawrence Williams (6/6/09)
". . .the greenback rose again from its predicted grave."
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Mike Starogiannis: Mid-Term Gold Price Spikes Would Be Temporary Phenomena
Source: The Gold Report (6/5/09)
With generous enough cash flows to fund expansion and fuel organic growth without going to the market for capital expenditures, the companies that Mike Starogiannis follows should be in a position to drive stock valuations up. According to Mike, Wolverton Securities' Mining Research Analyst, as long as they enhance their production profiles, they are in good shape—unless the price of gold drops considerably. But in this exclusive interview with The Gold Report, he tells us that his sights are set on gold averaging in the neighborhood of $900 to $1,000 per ounce over the next year or two, and any spikes in either direction would be temporary phenomena.
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Silver—A Few Questions…
Source: David Morgan, Silver Investor (6/5/09)
I've picked out a few letters from subscribers with questions about investing in silver. Read on….
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Is Gold Going to $1,200 Soon? Or... ?
Source: GoldForecaster.com (6/5/09)
Currently several newsletters are pointing to the prospects of a fall in the gold price to $850 during this summer. They then say that later in the year, after September the gold price will rise to $1,200. . .It's time for a close examination of the potential rise and or fall.
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The Season for Gold? Not Yet
Source: Seeking Alpha, Hard Assets Investor (6/5/09)
"Is this the end of gold's bull run? Hardly."
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Buffett Gets 'Comeuppance' After Gold Outperforms
Source: Seeking Alpha, Mark O'Byrne (6/5/09)
"Perhaps gold's utility is in balancing a portfolio?"
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The Great Bull Run of Gold Towards $1,650
Source: Commodity Online, Daniel Duval (6/5/09)
"It is apparent to me that the shorts are getting very itchy to cover."
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Why China Loves Gold
Source: GoldSeek, Rick Ackerman (6/5/09)
"we still view gold. . .as a no-brainer investment."
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Who's Got the Goods
Source: David Coffin and Eric Coffin, HRA Advisory (6/5/09)
As credit and markets collapsed during the past year, one of the more common measures cited as a gauge of the disaster was the Baltic Dry Index. The BDI fell off a cliff and dropped an incredible 95% during Q3 and Q4 of last year in the worst performance by far it has ever put in.
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How Equity And Currency Markets Behave After Financial Crisis
Source: John Lee, Goldmau.com (6/4/09)
As we saw in the past crisis in Russia, Argentina, Thailand, and Brazil; equity markets eventually do return while the devalued currency never regained strength. The U.S. case is no different. . .we will likely witness a 4-digit gold price in 2009 that will never look back.
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Gold Stocks in a Depression
Source: Jeff Clark, BIG GOLD (6/4/09)
"What if deflation wins? While we think the odds are strongly stacked against it, particularly given the government's furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, "Nothing is guaranteed." So while our chips sit squarely on the spot marked "inflation," what will happen to gold stocks if we're wrong?"
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What's Up Or Down With Gold
Source: GoldSeek, Warren Bevan (6/4/09)
". . .technically it looks like we need to blow off a little steam before resuming a rolling boil again."
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Next Stop for Silver: $20 per Ounce
Source: Investor's Daily Edge (6/4/09)
"It's not too late for you to get in."
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China to Consume 40% of Global Gold Production
Source: Resource Investor (6/4/09)
". . .physical demand for gold has been going through the roof."
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Gold Runs Back Toward $1,000 an Ounce
Source: The Wall Street Journal, Carolyn Cui (6/3/09)
"I think we are getting g into the final part of this particular rally."
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John Kaiser: The Race to Rare Earths
Source: The Gold Report (6/2/09)
China's export-based economy, once dependent on American greed, is now but a fading memory. While the U.S. was busy printing and preening, the Chinese were long-range planning. But America isn't the only country caught off guard by China's strategic, if surreptitious, supply procurement. In this exclusive interview with The Gold Report, John Kaiser, mining analyst for more than 25 years, explains how the East-West economic tables got turned and why he remains steadfast in the belief that "we are not at the mercy of places like China."
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Gold, Silver & Oil on the Run Technically Speaking
Source: Chris Vermeulen, TheGoldAndOilGuy.com (6/2/09)
Commodities are on the run. Gold is forming an amazing reverse head & shoulders pattern and is about to test resistance. Silver is shining bright as it continues to surge higher out of a solid bull flag pattern. And crude oil continues to make new multi month highs after breaking out of its cup & handle pattern.
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Congress to Approve IMF Gold Sale This Week
Source: Seeking Alpha, Brian Kelly (6/2/09)
"We see the more likely scenario developing in which China purchases the gold directly from the IMF."
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Dollar Weakness Rekindles Fund Buying for Gold
Source: Commodity Online, Jon Nadler (6/2/09)
". . .the arm-wrestling match to turn the market tide will (still) remain a dollar-centric issue."
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Why May's Gains Can Continue
Source: GoldSeek, John Derrick (6/1/09)
". . .the primary driver for oil, gold and commodities is the weakening dollar. . ."
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Brazil Draws Foreign Miners While Dissing the Dollar
Source: Gold World, Sam Hopkins (6/1/09)
". . .there's another bullish gold trend in the works down there."
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