War of Attrition
Source: James West, Midas Letter��(10/30/08)
The spot price of gold as quoted by NYMEX is no longer an accurate representation of the real price at which physical gold bullion is being traded. It is, in fact, a lie. More >

Gold Priced in the Top 10 World Currencies
Source: Adrian Ash, Bullion Vault��(10/30/08)
"...Take a look at this chart of gold prices measured in the top 10 most important world currencies..." More >

The Trial of Gold
Source: David Galland, Casey Research��(10/30/08)
They filed into the docket, faces bright and smiley despite the shackles around their arms. The leader of the gang, Mr. Gold, was pushed forward into the defendant’s chair. The rest, including Ms. Silver as well as the members of the resource share clan, Biggie Goldshares, Junior Goldshares and Ms. Silvershares, were manhandled onto the hard bench just behind. More >

World Gold Production to Decline 3 Percent Per Year - Cutifani
Source: Mineweb��(10/30/08)
AngloGold Ashanti CEO Mark Cutifani said the global gold industry has been in decline for the last seven years. He didn't know when the gold fundamentals would fully assert themselves, but mentioned it could take three to six months. More >

Metals Commodities Outlook Positive Despite Forecasts of Rough Going in 2009
Source: Mineweb��(10/28/08)
In an analysis published Monday, BMO Capital Markets Global Commodity Strategist, Bart Melek, said, "The vast majority of the clients, producers and associates we met at the various events were resigned to accept that it will be very rough going for metals for the better part of 2009 as the global recession runs its course..." More >

John Embry: Gold’s Game-Changing Moment Could be Fast Approaching
Source: Business News Network��(10/28/08)
In a recent Business News Network interview, Amanda Lang talks with John Embry, Chief Investment Strategist at Sprott Asset Management, about his position on precious metals (bullish) and base metals (bearish). While hesitating to make a definitive prediction in the midst of such widespread asset destruction, Embry nonetheless looks beyond the carnage to what he suggests could be the seminal event for gold—the possibility of default on physical delivery for the December futures contract. He also explains why gold has failed to rise to the occasion of the worst-case financial scenario in history. More >

John Pugsley: Exposing Some of Stealth Investing’s Secrets
Source: The Gold Report��(10/28/08)
Ongoing education, excellent connections and a wealth of experience combine to give John Pugsley insights that are both compelling and provocative. Using analogies as diverse as dribbling basketballs and stocking up on tuna when it’s a bargain in the supermarket, he talks about the importance of patience, a focus on fundamentals and the criteria he’s using to identify the next wave of winners. More >

It Ain't Over Till It's Over - Silver and Gold Still Seem the Best Bets
Source: Mineweb��(10/27/08)
...When immediate liquidity needs unwind, gold and silver could see a substantial rise given the inflationary element in all the major rescue packages unfolding around the world, and as the current trend of dollar strength diminishes... More >

Gold Jewellry Demand Down 21 Percent in 2Q, But Product Down Too
Source: Mineweb��(10/27/08)
The World Gold Council said in its Gold Investment Digest that anecdotal reports from its regional office in Mumbai and preliminary data on Indian imports showed there had been a strong revival in Indian demand in the third quarter and widespread reports of shortages of gold in the retail sector. More >

Expecting Epic Gains in Gold
Source: Seeking Alpha, Gary Tanashian��(10/27/08)
‘Epic’ is what I expect the gains to be in the gold sector over the next 1-3 years. With producing miners finally achieving the coveted ‘value’ label and junior and exploration gold stocks selling in some cases below cash on hand with properties being looked at by the market as liabilities... More >

Gold Miners: Amazingly Cheap
Source: Seeking Alpha, Graham Summers��(10/27/08)
...It’s an absurd situation. Gold is undergoing a correction during a bull market… while gold miners -basically real estate companies sitting atop gold - are trading as if they just ended a bear market in gold. This won’t last forever. At some point both the institutional liquidations and the dollar’s rally will end. When they do, gold miners will explode upwards... More >

Shocked
Source: David Chapman, Technical Scoop��(10/27/08)
Shocked – well, we are shocked that Mr Greenspan is shocked. The former Fed chairman who was revered as a god by Wall Street now has the chutzpah to say he is shocked by what has taken place. He went on to admit that he was “partially” wrong to resist regulation of some securities. Some securities? Which ones? More >

The Truth about Deflation
Source: itulip.com, Eric Janszen��(10/27/08)
With all of this panicking into dollars we get asked a lot about deflation...Take-away: No gold standard, no deflation spirals. Ever again. More >

Indian Bears Confront Gold Bears Again
Source: MarketWatch��(10/26/08)
...Late last week, reported Indian premiums became huge. LeMetropoleCafe noted: "With the exception of the late August/early September period this year, premiums like this have never been seen since the Indian gold trade was liberalized in the late 1990s." More >

Jon Nadler: Where Might Gold Go?
Source: The Gold Report��(10/24/08)
Jon Nadler, Kitco’s well-known senior investment products analyst, elicits both criticism and acclaim for opinions that some characterize as contrarian. In this installment of an exclusive interview with The Gold Report, he brings his three decades of experience to bear (no pun intended) on the outlook for gold, promoting the precious metal as a key asset in a balanced portfolio, as well as for its intrinsic value and “insurance” attributes. More >

Jon Nadler: How to Hold Gold
Source: The Gold Report��(10/24/08)
In this second installment of our exclusive interview with Kitco senior investment products analyst Jon Nadler, he not only shares a few insights about the so-called “poor man’s gold” (silver) but offers specific advice about how much of the real McCoy our portfolios should hold. He also sheds some light on the differences among EFTs, gold funds and pool accounts. More >

Fitch Says Gold Will Hold Up Reasonably Well Over 12 to 18 Months
Source: Mineweb��(10/24/08)
The current cash and credit crunch may actually have some benefits for mining companies despite the scarcity of financing and cost cuts. Fitch Ratings noted that "labor, energy, power and consumables costs for mining and metals producers should decline in a recessionary environment. Unit costs should benefit from taking marginal production off line." More >

Gold Below $700, Silver Less Than $9.00, Platinum under $800, as Dollar Strength Continues
Source: Reuters��(10/24/08)
"Gold is following the dollar and oil," Wolfgang Wrzesniok-Rossbach, head of sales at precious metals trading house Heraeus, said. "The physical demand we are seeing is not enough to stem the tide here." More >

Indian Festival Season Boosts Gold Sales
Source: Reuters��(10/24/08)
Indian jewellers have sold more than 50 tonnes of gold in the last 20 days, the peak festival season, two-thirds more than in the same period last year, the All India Gems and Jewellery Trade Federation said on Friday. More >

How Investing in Precious Metals Will Help Baby Boomers Retire Comfortably Without Fear
Source: David Morgan, Silver Investor��(10/24/08)
Baby boomers, with every year that you get older, do you become more and more afraid of retiring? I don’t blame you at all. More >

We're for a Strong Dollar
Source: Adrian Ash, BullionVault��(10/23/08)
So Hank Paulson, Ben Bernanke and George W.Bush got their wish. The US Dollar is now the world's strongest currency.Aw...shoot! More >

Gold's Recent Slump Bewilders Investors
Source: MarketWatch��(10/23/08)
"The fact that gold did not head higher during the current leg of the crisis seems to reflect a combination of the rise in the dollar, deleveraging of commodity positions, sales to meet margin calls, and the unwinding of the long gold, short dollar trade," wrote Natalie Dempster, an analyst at the World Gold Council in a research report released yesterday. More >

Why Gold Will Rocket
Source: Seeking Alpha, James West��(10/23/08)
Though its hard to imagine in the current price environment, both gold and silver are on the verge of a tremendous breakout to the upside, and if you can’t get your hands on the physical bullion over the next 24 months, the producing companies will be next followed closely by well cashed up junior explorers with million ounce+ deposits in National Instrument 43-101 compliant categories. More >

Central Bank Gold Lending - A Market Distorter
Source: Mineweb��(10/23/08)
Jeff Nichols of American Precious Metals Advisors feels the recent breakdown in the price of gold has been much more a reflection of stepped up Central Bank lending of gold, and much less a result of actual Central Bank gold sales or liquidation of long futures positions by hedge funds and other large-scale speculators, both of which seem to have grabbed all of the credit among gold analysts and the financial press. More >

Silver Could Be Pointing the Way Higher for Gold?
Source: Mineweb��(10/23/08)
In day-to-day trading, there have been several reports of fresh buying interest in silver, concentrated particularly in the U.S. More than once this year silver has been bought ahead of gold as speculators have anticipated price increases across the sector and looked for silver to gain more than gold. More >