Streetwise Articles
CPM Forecasts Big Silver Surplus This Year
Source: Mineweb, Dorothy Kosich (4/29/09)
"...CPM estimated that total silver supply increased 2.3% to 803.2 million ounces last year..."
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Gianni Kovacevic: Copper Supply and Demand - New Rule Book Still Being Written
Source: The Gold Report (4/28/09)
What's driving copper to its recent high of $2.20 a pound? If demand is down, how is it possible that the price of copper went up 40% to 50% within the last three months alone? "We're playing by a different set of rules now," says Gianni Kovacevic, corporate development strategist at Global Opportunities AG. In this exclusive interview with The Gold Report, Gianni discusses the changing face of copper and the new rule book being written for it.
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Gold Falls Below $900 on U.S. Dollar; Focus on Fed
Source: Reuters (4/28/09)
"I am still a little hopeful for gold to head higher. . ."
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Gold Gets a Swine Flu Boost
Source: Commodity Online (4/28/09)
". . .gold prices jumped as prospects of investors flocking to the yellow metal rose."
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Copper Sinks to Three-Week Low on Swine Flu Scare
Source: The Australian (4/28/09)
"Investors in Asia are all the more aware of the potential damage after the outbreak of SARS. . ."
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Gold Sales up 150% in India
Source: World Gold Council (4/28/09)
". . .school grounds being hired by outlets wishing to provide parking facilities for the increased number of shoppers."
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Swine Flu Virus Infects Gold and the U.S. Dollar
Source: Adrian Ash, Bullion Vault (4/28/09)
The price of gold slumped for the third time inside 24 hours as the U.S. opening approached on Tuesday, sinking 3.5% from yesterday's start to a four-session low of $886 an ounce. World equities meantime lost well over 2% after the World Health Organization (WHO) warned containment of the Mexican swine flu outbreak 'is not a feasible operation.' Read full article
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Gold - The Yuan Goes Global – Consequences!
Source: GoldForecaster.com (4/27/09)
For years now we have been warning of the decline of the $ as the globe’s reserve currency. The threat is not so much that the monetary policies of the U.S. are cheapening the worth of the US dollar, but that these are pressing so many other nations to search for ways to avoid the US dollar in international dealings. China has now taken a momentous, structurally adjusting step to change matters in their favor.
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Newmont and Rare Element Resources Join Forces in Wyoming
Source: James West, Midas Letter (4/27/09)
Newmont Mining (NYSE:NEM) and Rare Element Resources Ltd. (TSX.V:RES) established a joint venture in June 2006 to explore Rare Element's Bear Lodge Project near Sundance, Wyoming. Under the terms of the deal, Newmont is spending US$5 million over five years to earn a 65% participating interest in the gold and other minerals on the property, but not the 'rare-earth' elements or any uranium. Newmont can earn an additional 15% by financing the project through feasibility. Rare Element Resources is advancing the rare earths project themselves at this time.
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CPM Stresses Significance of Chinese Gold Holding Clarification
Source: Mineweb, Lawrence Williams (4/27/09)
". . .gold is being rehabilitated as a monetary reserve asset, not only by the Chinese monetary authorities but by Central Bankers around the world. . ."
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How Much Oil Can Gold Buy?
Source: Seeking Alpha, Hard Assets Investor (4/27/09)
"The [gold/oil] ratio's not likely to hang out at its current level very long."
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Gold Up Sharply as Bear Market Rally Fades
Source: GoldSeek, Peter Cooper (4/26/09)
". . .precious metals clearly established their position as the place to be. . ."
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How Does $9,000 Gold Sound?
Source: Seeking Alpha, Marc Chandler (4/26/09)
"The SDR is a basket of fiat currencies. . .44% of an SDR is the dollar."
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John Licata: China Won't Be Saving Grace for Commodities
Source: The Gold Report (4/24/09)
"If you think that you can be a beneficiary of some commodity strategies, just stick with it in the downturn," says John J. Licata, chief investment strategist at Blue Phoenix Inc., adding "you'll be all the better for it." Bullish on gold, platinum, palladium and natural gas, John is anything but bullish on the recovery, which he sees happening later than expected. In this exclusive interview with The Gold Report, John shares his near- and long-term outlook on the various metals and discusses what he feels are the best investment plays in the sector right now.
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Ellis Martin and David Morgan Discuss the Golden Envelope
Source: David Morgan, Silver Investor (4/24/09)
Just a year ago, there was only one gold-acquiring company advertising its mail-in envelope system on TV. Now numerous companies grace our televisions and newspapers with smiling customers holding checks for their old, unwanted gold jewelry. And gold and silver shops are springing up in neighborhoods far and wide, indicating that people in the know are now trying to acquire gold and silver.
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All That Glitters Is NOT Gold – The Truth About Counterfeit Gold
Source: Doug Hornig, BIG GOLD (4/24/09)
You probably remember movies about the Old West, wherein a shady-looking character would offer to exchange a gold coin for a horse, and the seller would bite down on the coin to verify its authenticity. That was about all you could do if you lacked proper assaying equipment and had to make a snap judgment: depend on your teeth to tell you whether the metal in your hand was sufficiently soft to be genuine gold.
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China's Been Building Its Gold Reserves - Now Over 1,000 Tons
Source: Reuters, Alfred Cang and Lucy Hornby (4/24/09)
"A Chinese official confirmed the country has been quietly building up its gold reserves. It is now the world's fifth biggest holder of gold."
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Gold Miners Should See Q1 Cost Falls - RBCCM
Source: Reuters, Cameron French (4/24/09)
"Gold miners could see costs fall between $5 and $15 an ounce . . ."
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Gold Coins 'Ideal for Investment'
Source: World Gold Council (4/24/09)
"They really are artifacts, and there are a finite number of the rare ones left."
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Silver Prospects, 2009 and Beyond
Source: Jeffrey M. Christian and Chintan Parikh (4/23/09)
Silver prices have been very strong, and very volatile. That should not be surprising to anyone. First, silver prices have risen due to enormous interest on the part of investors around the world, who have been buying silver along with gold and platinum group metals as a safe haven and hedge of their assets in the face of enormous economic and financial market problems.
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Gold, Silver - Important Alert!
Source: Peter Degraaf, Online Stock Trader (4/23/09)
The Gold Direction Indicator is flashing another buy signal. This indicates that the pull-back that started late February is probably finished. A new rally is about to start.
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Gold Bullion vs. Gold Mining Stocks
Source: Nick Barisheff (4/23/09)
Many investors believe their portfolios have exposure to gold and precious metals because they hold stocks in mining companies. Bullion and mining stocks should be viewed as two different investments. But as a safe haven, no gold or silver or platinum mining stock (or even an ETF) compares with actual physical bullion. Read full article
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Gold to Help Detect Terror Bombs?
Source: CommodityOnline (4/23/09)
"Soon, gold may help detect the bombs planted by terrorists."
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Gold Should Be at the Heart of a New Global Reserve Currency
Source: Seeking Alpha, Peter Cooper (4/23/09)
". . .the discipline of a fixed supply of precious metals. . .will stop governments from devaluing and inflating away people's money."
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Silver Prices Should Remain Well into Double-Digits in '09 - GFMS
Source: Mineweb, Dorothy Kosich (4/23/09)
". . .the metal will continue to trade this year 'at what are historically high levels.'"
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