Streetwise Articles
Silver Surges but Remains Undervalued Vis-Ă -Vis Gold
Source: GoldSeek (2/9/09)
". . .silver is likely to continue to outperform even gold in the coming weeks and months."
More >
Something New Stirring in Precious-Metals Pond
Source: MarketWatch, Peter Brimelow (2/8/09)
"Gold drifted mostly sideways last week. But investment letters report major, maybe meaningful change, below the surface of the precious-metals pond."
More >
Brian Tang: Bullish on Finite Resources
Source: The Gold Report (2/6/09)
Since 2003, Fundamental Research Corp. (FRC) has been focusing on companies not widely followed by brokerage firms, bringing investors and undervalued small and micro cap companies together. In this exclusive interview with The Gold Report, FRC founder Brian Tang and his crew forecast the primary driver of base metal prices in 2009, the future of gold and copper and the infinite upside of investing in finite resources.
More >
Gold – The Changing U.S. Business Culture and the Banks
Source: Julian Phillips, www.GoldForecaster.com (2/6/09)
Everybody loves to blame someone else as the global banking system continues to teeter on collapse as central bankers raise the amounts needed to save them and keep them going. So why do and did the banks need saving?. . . With such a jolt to monetary confidence, it is now a matter of prudence as well as profit to be well invested in gold and silver as insurance against what has been shown to be a faulty system. Certainly until the risks of another major credit crunch passes, expect the precious metals to reclaim their position in portfolios.
More >
The U.S. Dollar: Waiting to Tank Gold's Run?
Source: Seeking Alpha, Matt McAbby (2/6/09)
". . .when all major currencies are devaluing by hook or by crook – some voluntarily, others not so – it behooves an investor to shore up his gold holdings."
More >
GoldDrivers 2009 – Update
Source: GoldSeek, Eric Hommelberg (2/6/09)
"I still hold the view that some high-quality juniors will come out of this mess with stellar returns within a year from now."
More >
U.S. Mining Metals, Materials Produced $1.8 Trillion in Products in 2007
Source: Mineweb, Dorothy Kosich (2/6/09)
"Policymakers need to look no further than American coal, minerals and metals mining to find jobs that support families. . ."
More >
Free Us from the Tumult of 4,000 'Junior' Miners
Source: Stockhouse, Thom Calandra (2/6/09)
"Which of the juniors are going belly-up? Few if any. Most live to raise funds another day."
More >
Weekly Investor Alert - Gold Market
Source: U.S. Global Investors (2/6/09)
"For the week, spot gold closed. . .down 1.78%. Gold equities. . .gained 4.60% for the week."
More >
The $4 Trillion Hallucination Driving Gold
Source: James West, Midas Letter (2/5/09)
Nobody, from the executive administration level down to Joe the Plumber, is willing to step up and be first to pull the plug and the artificial standard of living we’ve created for ourselves at the current expense of foreign treasuries and at the future expense of our progeny. . .The only intelligent thing to do,. . .is to buy gold and silver. This $4 trillion hallucination on the part of the United States financial mismanagers is directly dilutive to the the value of any currency issued by that bankrupt nation, and is therefore a natural exponential driver for the gold price.
More >
Bailout Failout
Source: Roger Wiegand, Trader Tracks (2/5/09)
Get ready for the Obama Bounce. The Financial Times called it the “Big Bang” financial clean-up. We call it the Trader Tracks “Big Smash” inducement of more financial wreckage.
More >
Bait for the Two-Legged Rat
Source: David Galland, The Casey Report (2/5/09)
In the debate about what went wrong with the economy and how to fix things, the topic of loose credit standards usually arises early in the discussion. And correctly so. Due to loose credit standards, people without the financial resources to own a home were practically carried across the threshold by predatory lenders.
More >
Currency Crisis: First Sterling, Now the Euro, and Then...?
Source: Adrian Ash, Bullion Vault (2/5/09)
Of six central banks voting on interest rates this week, only the European Central Bank in Frankfurt failed to reduce its cost of money to either record or multi-year lows, holding rates steady at 2.0%. The market's reaction? Forex traders trashed the Euro vs. those currencies now paying way less than inflation...Big picture? That puts the Gold Price right back at its long-term high for European cash savers, as measured by the old pre-Euro war-horse, the lost and lamented German Deutsche Mark...
More >
Gold ETFS Absorb More Than $3 Billion in First 24 Trading Days of 2009
Source: Mineweb, Rhona O'Connell (2/5/09)
"An uptake of 111 tonnes in just over one month compares with 316 tonnes in the whole of 2008, 250 tonnes in 2007 and 257 tonnes in 2006."
More >
Gold Demand Resurges
Source: Seeking Alpha, Nicholas Jones (2/5/09)
"Demand is strong, really strong. . .supplies are tight and will continue to be tight."
More >
Gold: The Protector and Creator of Jobs
Source: GoldSeek (2/5/09)
"The fiat dollar – unanchored to gold – was the greatest strategic gift that the U.S. could have made to China."
More >
Goldman Raises Gold Price Forecast to $1,000
Source: Reuters (2/5/09)
"The gold price rally has been driven by surging demand for gold in all forms: physical gold, exchange-traded funds (ETFs), and futures contracts. . ."
More >
China Retains Its Title as No. 1 Gold Producer
Source: Mineweb, Dorothy Kosich (2/5/09)
"In spite of a massive earthquake and an international financial crisis, China produced 11.5 more tonnes of gold in 2008 than in 2007."
More >
UBS: Bullish on Gold and Silver
Source: Seeking Alpha, FP Trading Desk (2/5/09)
"Its gold price targets for 2009 and 2010 move from $700 per ounce for both years to $1000 and $900, respectively."
More >
Signs of Life
Source: The Daily Reckoning (2/5/09)
"Wait until the Dow and gold reach the same number, then the light you see on the horizon may be daylight."
More >
Gold and Oil Top Peter Grandich’s Shopping List
Source: The Gold Report (2/3/09)
Veteran Wall Street watcher and investment advisor Peter Grandich, creator and producer of The Grandich Letter for a quarter century, tells The Gold Report readers what he likes looking forward—gold (up to $1,000) and oil (between $35 and $40). Also high on his list: uranium (for the nuclear renaissance), junior miners (a select few), and Canadian banks (pretty much all of them).
More >
Uncharted Waters
Source: Doug Hornig, Casey Research (2/3/09)
These are uncharted waters, indeed. The shenanigans being foisted upon us by Washington are unprecedented at least since World War II, and probably ever. There is so much complexity, if not sheer trickery, going on that it becomes increasingly difficult to make any sense of what’s happening, much less what the net effect is going to be.
More >
Declining Costs to Catapult Gold Miners and Developers in 2009
Source: Mineweb, Dorothy Kosich (2/3/09)
"Wellington Capital Markets. . .asserted that almost all gold companies stand to benefit from the marked downturn in input prices. . ."
More >
Profit Taking, Poor Jewelry Sales Dent Gold Price but Gold ETF Holdings Hit New Record
Source: Reuters (2/3/09)
"Gold extended losses on Tuesday. . .because of profit taking, but record exchange traded fund holdings still boosted sentiment."
More >
The Long-Run Value of Gold, Part II
Source: Adrian Ash, Bullion Vault (2/3/09)
"Gold-backed money retained its real value for 350 years in the United States and Great Britain. It's only just clawed back to that level for investors today..."
More >
