Junior Gold Miners Are Dirt Cheap
Source: Seeking Alpha, Graham Summers��(11/5/08)
Today, numerous gold juniors are so cheap that they’re trading below book value. Let me put this in perspective: at these levels these companies are cheaper than their mining assets alone. By buying today you are essentially getting the gold reserves for FREE. More >

IAU: Gold Regains Momentum After Recent Slump
Source: Seeking Alpha , Don Dion��(11/5/08)
For those investors willing to bet that gold’s recent strength will continue, IAU’s share price may present an attractive opportunity to enter the gold market. Recent bailouts by global governments could prove to be inflationary in the near term. Whether the new administration decides to raise taxes or print money to finance this package, both options could weaken the dollar and strengthen the price of gold—and IAU—in 2009. More >

Despite Falling Prices of Gold, Mines Still Profitable
Source: Seeking Alpha, FP Trading Desk��(11/5/08)
After reviewing the second quarter costs of 152 gold mining operations around the world, Dundee Securities is confident that gold producers are still profitable at current prices. The price of gold may have fallen for most of 2008, but the decline has been far more dramatic in base metals. More >

Coming Inflation to Boost Gold, Stocks
Source: Seeking Alpha, Avery Goodman��(11/5/08)
To have deflation, we would need a long-term reduction of more than 50% in the propensity of financial institutions to lend and borrow. There's no evidence that anything remotely like that has happened. Indeed, up until the failure of Lehman Brothers, the velocity of money has remained very nearly the same in 2008 as it was in 2007. Because that is the case, with the base number of dollars doubled, inflation should run wild. It is a mathematical certainty. More >

Gold Rises More Than Three Percent on Weaker Dollar
Source: Reuters��(11/4/08)
Expectations of further interest rate cuts this week by major central banks also boosted gold. More >

Brien Lundin: Is Gold Holding a Wild Card?
Source: The Gold Report��(11/4/08)
As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn. More >

Animas Resources: The Gold Gods Could be Good to Gertrudis
Source: Mickey Fulp, Mercenary Musings��(11/3/08)
Regular readers of my Musings know that a majority of the junior resource sector is toast. Financial markets are a mess, venture capital might as well be one of George Carlin’s infamous “Seven Words”, and the junior wannabes are not going to come back because they had nothing to start with, were simply in a shell game, and are now out of the money with nothing to show for it. (Except for some mighty pissed-off shareholders who probably will never come back to this table.) More >

US Inflation: Like a Hurricane!
Source: Adrian Ash, Bullion Vault��(11/3/08)
Deflation as properly defined means a shrinking money supply. Inflation is its opposite. The one tends to create falling prices (and thus encourage bankruptcy and job losses) while the other is always and everywhere followed by a rise in the cost of living (but without stronger business necessarily hiring new staff).So place your bets now. More >

Why a Gold Standard
Source: Donald Grove, The Casey Report��(11/3/08)
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. More >

Rebound
Source: David Chapman, Technical Scoop��(11/3/08)
Investors must be breathing a sigh of relief. The rebound last week has taken some pressure off what has been the worst decline since the 2000-02 high tech/dot-com collapse. More importantly, we believe it signals at least a temporary end to the collapse. But is it the absolute end? Probably not, but relief rallies can be quite impressive. More >

The Realities of Our World
Source: Greg McCoach, Mining Speculator��(11/3/08)
Greg McCoach, Mining Speculator, says, "The severity and the speed of the crash in the precious metals and their stocks caught practically everyone by complete surprise. The meltdown surpassed everybody's expectations and has no historical precedents….'We are in uncharted waters.'" Read his latest take in "The Realities of Our World", excerpted from the Oct. issue of Mining Speculator. More >

What Has Been Happening to Gold?
Source: Mineweb��(11/3/08)
"The rise in the dollar and gold's sharp decline in dollar terms have overshadowed the fact that gold prices have stayed strong in the local currencies of large consumers such as India and Turkey," Blanchard Chairman and CEO Donald Doyle says. "Even in Euro and sterling terms, gold is still trading significantly higher than it was a year ago." More >

Golden Opportunities
Source: Seeking Alpha, Brad Zigler��(11/3/08)
While bullion price action was lackluster last week, gold mining stocks, tracked by the Market Vectors Gold Miners (GDX) exchange-traded fund, sparkled. The stocks in the ETF's underlying index have been battered for months, but they reversed course and rose an impressive 18% last week... More >

Why Isn't Jason Zweig Bashing Gold?
Source: Seeking Alpha, Tim Iacono��(11/3/08)
Knowing what he'd written on the subject it seemed sure that "the lesson here" was going to be that the yellow metal was as useless as ever, but it wasn't. The lesson was to buy low ...interesting. More >

Is the Metal Commodities Bear Market Over or Is There Grief Still to Come?
Source: Mineweb��(11/1/08)
...the markets bottomed last week and while we may not yet be in a real bull run, we could be out of the true bear phase. Better quality stocks have been oversold, and this applies to metals and minerals stocks as much as anything else, so there are some big bargains to be found out there. More >

Eric Lemieux: Gold’s Behavior Flies in the Face of Every Theory
Source: The Gold Report��(10/31/08)
In this exclusive interview with The Gold Report, Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, describes gold’s inexplicable descent as a violation of market fundamentals. Eventually the worsening supply deficit will energize the precious metals sector and when it does, he believes the junior explorers will be well positioned to benefit. He focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers. More >

Munk: Gold's Outlook Is 'a hell of a lot more positive than anything else'
Source: Mineweb��(10/31/08)
"The one thing that we have all learned from this crisis is the almost flawless correlation...the inverse correlation between the U.S. dollar and gold," Barrick Chairman and CEO Peter Munk asserted. More >

Volatility in Gold Worries Investors But Eastern Demand Stays High
Source: Reuters��(10/31/08)
"It's forced liquidation and this money flow has been hitting every commodity," said Bill O'Neill, managing partner of New Jersey-based LOGIC Advisors. "You look at these markets, whether it is agricultural or industrial commodities - we are not trading on fundamentals, we are trading on money flow," O'Neill said. More >

Silver Production Falls by 70 Percent
Source: Seeking Alpha, David Morgan��(10/31/08)
The point is, with the current low prices for all of the base metals, many companies that produce them are slowing, closing, or stopping projects. The result is obvious: the overall production of silver from base metal and even gold mining is going to be reduced because of current economic conditions. More >

Reality Dawning - for Gold
Source: Seeking Alpha, John Browne��(10/31/08)
In the third week of November, leaders of the G-20 nations will assemble in Washington for urgent economic talks. There may even be calls for a new Bretton Woods to discuss a revised world monetary order. Key will be China's role. It is likely that a major debasement of all currencies will be undertaken to rescue the global economy and with it, the world's politicians. As this proposal gathers momentum, gold is likely to explode in price. More >

Gold/Silver Ratio Will Narrow, But Base Metals Ultra Gloomy - UBS
Source: Mineweb��(10/31/08)
Gold is expected to remain under pressure in 2009 as a result of slowing jewellery demand in important emerging markets and a continued strengthening in the dollar, while silver forecasts have been sharply reduced. More >

When Gold is Savaged, How do I Choose a Gold Stock?
Source: www.GoldForecaster.com��(10/31/08)
Gold stocks have under-performed on the way up for the gold price and have been slaughtered on the way down. Is the day of the gold equity over or is there a way to select a gold stock and profit in such a market? More >

Rick Rule on Commodities: Be Prudent, Study Hard, and Take Advantage of Volatility
Source: The Gold Report��(10/31/08)
Legendary investor Rick Rule, founder of Global Resource Investments, began his career in the securities business in 1974, and has been principally involved in natural resource security investments ever since. In this edited transcript from a presentation for clients, Rule shares his thoughts on the current situation.
More >

Why the Indian Market Buys Gold When the Price is Falling
Source: www.GoldForecaster.com��(10/31/08)
The short response to such a question is that they aren’t. They are buying gold in Rupees, whose price has been stable as the gold price fell in the U.S. dollar. Because the Rupee is falling, gold has appeared to hold steady in the Rupee. More >

Cash or Gold?
Source: Eric Sprott, Chairman, Sprott Asset Management��(10/31/08)
The current flight to cash is a panic-driven reaction to a financial catastrophe that threatens the very foundations of capitalism according to Eric Sprott, chairman of Sprott Asset Management. Once markets realize the folly of trusting paper-based assets of any kind, gold will rise to assume its historic role as the one true safe-haven, the only asset with a zero-default risk. More >