Standard Chartered Bank Forecasts Darker Days for Commodities
Source: Mineweb  (10/17/08)
...But Head of Standard Charter Bank's Commodity Research Helen Henton pointed out that, in the longer term, the story of secular demand growth for commodities remained intact due to the development of key economies such as China and India... More >

Leads Metal Report
Source: Ira Epstein  (10/16/08)
Given the financial economic world meltdown, some die-hard Gold Bulls have to be wondering what it takes or will take to get Gold to move up. What we now know is that the current world credit crisis is not the situation it will take to do so. That leaves inflation. My guess is that once inflation comes back, Gold will bottom and move up and over $1000 an ounce. More >

Has Gold Bullion Lost Its Compass?
Source: Mineweb  (10/16/08)
Looking at headlines over many months, gold bulls outnumber bears by at least 10 to one, but bullion has persistently declined Tsunamis of encouragement in the form of endless calls to move once again above USD 1,000 an ounce. More >

Gold Price Forecasts Raised by JP Morgan
Source: Reuters  (10/15/08)
The bank now sees gold prices at $904 an ounce in 2008, against a previous forecast of $884, and at $875 an ounce next year, up from $854. More >

Where Is the Value? Gold Seems to Be the Answer
Source: Mineweb  (10/14/08)
Gold has outperformed the S+P by 30% since the commodities peak, and its relative performance with respect to both oil and silver is also telling. In the case of silver, this is partly because silver is naturally more volatile than gold and we are considering a bear phase, so silver should have been the under-performer. More >

Commodity Stocks May Have Been Severely Oversold, Buy at, or Near the Bottom
Source: Mineweb  (10/14/08)
For commodities, there is little doubt that the euphoria of only a year or so ago with talk of a supercycle driven in particular by the huge growth in countries like China and India, has been well and truly replaced with a gloom and doom scenario as the Western World slowly but surely moves towards recession. More >

Gold Set to End Losing Streak on Weaker Dollar
Source: MarketWatch  (10/14/08)
In a research note released Monday, the analysts at Merrill predicted that gold prices will hit $1,500 an ounce and that oil will rise to $150 a barrel. They didn't specify when gold will hit the price target. More >

Is it Time to Play the Silver to Gold Ratio Again?
Source: Peter Degraaf, Online Stock Trader  (10/14/08)
The clear lesson from history is that we can expect silver to drop faster than gold during a recession, and silver will rise faster than gold during a bull market in the metals. More >

Bank Recapitalization Sparks Copper Price Surge
Source: Reuters  (10/14/08)
Base metals surged today, with London copper futures up as much as 7.5 percent, steaming alongside rises in the region's equity markets as a global effort to recapitalise banks sparked a broad recovery. More >

Bull Market Reset
Source: James West, Midas Letter  (10/14/08)
". . .considering the banking system’s response to the evaporation of ersatz liquidity with exponentially more of the same, the bubbleomic boom and bust phases will be the legacy of such ham fisted fiscal policy." More >

The Bull Market Reset
Source: Seeking Alpha, James West  (10/14/08)
The stage has been set for $2,000 gold, and though many skeptics may marvel at the audaciousness of this sentiment still being echoed after all these years, it is now imminent and definite. More >

Veteran Advisors Think This Bear Will End Eventually
Source: MarketWatch  (10/13/08)
The Dines Letter's Jim Dines' conclusion: "This newsletter has survived many bear markets, and we have learned that the way to make a 'killing' is to discern ahead of others which group would probably lead the next and inevitable bull market ... somewhere awaiting ahead is one of the great 'Buy' opportunities of a lifetime, a famiy fortune builder"... More >

Bullion Shortage and Spot Prices Tell Two Different Gold Stories
Source: Seeking Alpha, Prudent Investor  (10/13/08)
German gold dealers say demand has skyrocketed this past week to 10 times normal so no more orders can be taken for the foreseeable future. "The demand exceeds our capacities by a great deal," said Heiko Ganss, head of precious metal company Pro Aurum. More >

Gold/Silver Ratio Tops 80 to 1
Source: Seeking Alpha, Brad Zigler  (10/13/08)
Silver bulls have been perplexed by gold's outperformance amid all the financial tumult recently. And now that ratio's crossed above 80 to 1, there are renewed calls for a surge in silver demand. This time, however, the demand is seen coming from holders of gold, who seem ready, according to some wags, to swap yellow metal for white. More >

Gold vs. Silver vs. Platinum
Source: Seeking Alpha, Julian Murdoch  (10/13/08)
...What's interesting is the percentage of gold that goes to investment. While a much larger percentage of gold is used for investment purposes than silver, it's still less than 20%. By far, gold's most common use is in jewelry. This leaves gold vulnerable to the fickleness of consumer confidence and disposable income... More >

Austria Witnesses New Gold Rush
Source: BBC News  (10/12/08)
Sales of Vienna Philharmonic gold coins have gone up by more than 230% since last year. Kerry Tattersall, the director of marketing at the mint, says production has gone into overdrive. More >

BMO's Coxe Predicts Gold and Commodity Stocks Will Reach New Peak During Next Global Recovery
Source: Mineweb  (10/10/08)
BMO Global Portfolio Strategist Donald G.M. Coxe stressed that "gold and gold mining shares remain the best way to reduce endogenous risk within an equity portfolio. Although inflation is bound to recede for at least a few months, the amount of stimulus being injected into the global system will prove highly intoxicated once the downturn bottoms out, and gold should move to new records."
More >

Barclays Capital Analysts See Gold Price Reaching $1,000 Again this Year
Source: Reuters  (10/10/08)
Barclays' metal analysts, speaking at a press briefing yesterday, said the current market turmoil is likely to lead to short-covering in base metals while long-term investors head for gold which is perceived a relatively safe asset. More >

Des Kilalea, RBC Capital Markets: Diamonds: Losing Luster or Still Sparkling?
Source: The Gold Report  (10/10/08)
In this exclusive interview, veteran analyst Des Kilalea, RBC Capital Markets, talks about how financial world chaos and extreme market volatility have pretty much sidelined the vast majority of the juniors in the diamond mining sector. The senior players remain solidly in the game—albeit in a rather defensive posture—and can anticipate strong price performance to return once the economic storm subsides. More >

Silver – What’s Left?
Source: David Morgan, Silver Investor  (10/10/08)
For all practical purposes the silver coin market is very tight. In other words, those who own silver in any coin form, rare coin, silver round, government-issued coin, or medallion, are in strong hands and their silver is not likely to come back on to the market until much higher prices are achieved. More >

A Credit Crisis? No it’s a Confidence Crisis! What’s Next for Gold
Source: www.GoldForecaster.com  (10/10/08)
Let’s call a spade a spade; it’s a confidence crisis! Confidence in the banking system has been mortally wounded. More >

Canaccord Analysts Make Sharp Revisions to Metal Price Forecasts
Source: Seeking Alpha  (10/10/08)
With the metals and mining sector under siege from free-falling commodity prices and even worse stock performance, Canaccord Adams analysts Gary Lampard and Orest Wowkodaw, have made sharp negative revisions to their metal price and stock price forecasts. It's not pretty. More >

Gold Hits Records in Rupees, Sterling and Euros
Source: Mineweb  (10/10/08)
...the Perth Mint has doubled its output of Kangaroo and Nugget coins over the past six months and reports that it sold 62,630 ounces of these coins in the three months to September 20th, compared with 154,501 ounces for the whole of the twelve months to June 30th - so on a pro rata basis the September quarter sales were running at 62% higher than in the financial year 2008. More >

The Party is Just Beginning
Source: Randolph Buss, DINL  (10/10/08)
As the saying goes, "In a ham and eggs breakfast, the hen is involved, but the pig is committed." More >

Gold Is the One Asset Investors Want as Commodity Prices at the Mercy of Economy
Source: Reuters  (10/9/08)
Bill O'Neill, partner at LOGIC Advisors: "The key is confidence, confidence, confidence. And until we get some change there, the atmosphere for gold is going to continue to be very positive, and copper and the base metals is going to continue to be negative." More >