Streetwise Articles
Gold Aids 'Virus Battery' Development
Source: World Gold Council (4/3/09)
"Gold has been used in the development of new batteries that can harness the power of genetically engineered viruses."
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Widening Deficits
Source: Olivier Garret, CEO Casey Research (4/3/09)
On March 20, 2009, the bipartisan Congressional Budget Office (CBO) released its latest forecast in an effort to take into account the impact of the recently released Obama budget. The verdict? A whopping $1.8 trillion deficit for 2009. . .
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World's 100 Hottest Mining Stocks
Source: Mineweb, Barry Sergeant (4/3/09)
"There are multiple themes. . .on the list, but the presence of gold and silver miners and developers is close to overwhelming."
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Gold Leading the Way on Recovery in All Metals
Source: Larry W. Reaugh (4/2/09)
. . .I stated that gold would lead the way out of the current metal recession. On February 13, 2009 I stated that bought-deal gold financings were beginning to proliferate in the past few weeks. . .I cannot remember a time when so many bought-deal financings have occurred in such a short period of time. . .Where did all this money come from? I do not believe these vast sums are all coming from institutional investors and gold funds, although that will account for part of it. I believe the major source of capital is from cash rich families and individuals throughout the free world. The wealthy are concerned as we are with preserving the value of their wealth and are nervous about worldwide currencies and dollar related investments.
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G20 & IMF Gold Sales: A Late April Fool's
Source: Adrian Ash, Bullion Vault (4/2/09)
APRIL FOOL'S CAME a day late to the gold market this week.
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Silberinfo.de Interviews David Morgan of Silver-Investor.com
Source: David Morgan, Silver Investor (4/2/09)
2008 had a great beginning with silver over $21 but it ended poorly. From a fundamental point of view not much has changed. Why the high volatility?
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A Look at Gold Sentiment
Source: Seeking Alpha, Jordan Roy-Byrne (4/2/09)
"Since the initial reaction gold has declined but the bullish sentiment hasn't."
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India's Silver Imports Follow Gold, Fall by 50%
Source: Commodity Online (4/2/09)
"Traders say demand for silver these days is largely met by scrap that has warded off fresh imports."
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Material World 'Standards' In Peril
Source: Stockhouse, Thom Calandra (4/1/09)
"Bold new evidence of metals that matter."
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George Topping Shares Price Outlook for Gold, Copper and Uranium
Source: The Gold Report (3/31/09)
George Topping, a research analyst specializing in the mining sector at Blackmont Capital, pays closer attention to uranium and copper than he does gold and silver, but in this exclusive interview with The Gold Report, he shares what he foresees: gold flat at $950 per ounce (in real terms) through 2011, copper at $1.80 per pound in two years, and uranium nudging up $100 per pound within five years.
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Global Meltdown Part 3
Source: James West, Midas Letter (3/31/09)
This is the point at which the global economy falls the rest of the way off of the cliff. The false hope raised by the illusion of decisive action on the part of the Obama administration is giving way to Democratic party in-fighting and an increasing public perception that Obama and Geithner are out of their league.
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Silver, Gold and Crude Oil Taking a Breather at Support
Source: Chris Vermeulen, www.TheGoldAndOilGuy.com (3/31/09)
This week we will be watching for bounces/reversals for all three commodities. If things work out, we could be adding some new long positions this week or early next week. But if prices continue to roll over here, we will be taking profits and sitting on the sidelines until new setups happen.
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Top Gold ETF Remains at Record Levels
Source: Mineweb, Lawrence Williams (3/31/09)
". . .with little likelihood. . .of any significant solutions arising from this week's G20 Summit in London - gold will continue attractive to investors."
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Gold Slips as Stocks Slide on Auto-Makers Rejection
Source: BullionVault, Chris Mullen (3/31/09)
"The gold price fell. . .by late morning trade in London on Monday before it rose to see a gain of $9.30 at $931.70 at 10:00 in New York."
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The Bull Market Is Starting in These Gold Stocks, Part II
Source: Matt Badiali, S&A Oil Report (3/31/09)
If you need any more convincing it's time to buy small mining stocks, the market just pleaded its case again...
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Reflation and How to Exploit It
Source: Wall Street Journal, Tom Lauricella and Carolyn Cui (3/30/09)
"One way is to use options. . .and take positions that would profit from a massive drop in Treasury prices or a near doubling in gold prices."
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Why the Mining Sector Doesn't Need Banks
Source: Seeking Alpha, Money Morning (3/30/09)
". . .no sector has shown a stronger ability to overcome this liquidity drought than the mining industry."
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IMF Gold Sales Expected To Be on G20 Agenda
Source: Reuters (3/30/09)
"Draft G20 communiqué suggests IMF will be asked to advance gold sales proposals to help aid low-income countries."
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Goldman Sachs Lowers Gold Forecast to US$930/oz.
Source: Business Intelligence (3/30/09)
"Goldman expects gold prices to rise to US$962 an ounce on a 12-month horizon."
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Dethroning the Dollar: What If?
Source: Wall Street Journal, Allen Sykora and Matt Whittaker (3/30/09)
"If the dollar lost its reserve status, gold's value would likely rise."
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Mali's Gold Income Seen $241m in 2009 - Premier
Source: Reuters (3/30/09)
"In 2008, gold contributed 100-billion CFA francs to the budget, accounting for more than 15% of gross domestic product (GDP) and 70% of export earnings."
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Gold and Silver Succumb to Profit Taking
Source: The Market Oracle, Mark O'Byrne (3/30/09)
"The G20 meeting in London this week will likely see these demands come center stage and could lead to strength in the gold market."
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The Sting
Source: SilverSeek, Theodore Butler (3/30/09)
"This was the largest amount of gold and silver derivatives ever liquidated in a single quarter in history."
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Enjoy Boredom While It Lasts
Source: GoldSeek, Rick Ackerman (3/30/09)
"A wild card that could cause bullion to soar is the prospect of the dollar being unseated as the world's reserve currency."
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As History Repeats Itself, Time to Buy Gold and Silver
Source: Seeking Alpha, Peter Cooper (3/29/09)
"This is a time to park money in gold and silver and even exit cash. . ."
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