As Markets Make Strong Recovery, Gold Dives Back from a $900 Peak
Source: Reuters��(9/19/08)
Traders said investors from emerging markets, including Russia and India, have been selling U.S. Treasuries amid fears of more trouble for the U.S. financial sector and have been using the proceeds from Treasuries to buy gold. More >

Law of Supply & Demand Is Dead for Gold & Silver
Source: J.S. Kim, SmartKnowledgeU , LLC��(9/19/08)
Make no mistake that we have just experienced a steep correction and not the end of the gold and silver bull. . . .if not properly regulated, futures markets provide a gateway to manufacture massively fraudulent prices, non-reflective of the buying and selling volumes that are occurring in the physical markets! More >

Gold Prices Finally Catch Fire
Source: Seeking Alpha��(9/19/08)
If the United States sinks into a deep recession that spreads into emerging markets, Citigroup Global Markets analyst John Hill expects gold would "double or triple" from current levels. More >

Precious Metals - Scapegoats to Skyrockets
Source: Seeking Alpha, Marc Courtenay��(9/19/08)
"When you're perhaps facing a catastrophe in the U.S. financial market, investors are thinking: 'Screw it. I'm jumping back into the old faithful'," said Joel Crane, a metals strategist at Deutsche Bank in New York. More >

Precious Metals - Scapegoats to Skyrockets
Source: Seeking Alpha, Marc Courtenay��(9/19/08)
"When you're perhaps facing a catastrophe in the U.S. financial market, investors are thinking: 'Screw it. I'm jumping back into the old faithful'," said Joel Crane, a metals strategist at Deutsche Bank in New York. More >

Leads Metal Report
Source: Ira Epstein��(9/19/08)
When in doubt, throw money at the problem. For as long as I can remember, this is what has gotten economies around the world out of jams. It’s what the Central Bankers in Europe and Asia are doing today, with our help. More >

$2,500.00 Gold and $250.00 Silver
Source: Peter Degraaf, Online Stock Trader��(9/19/08)
The seasonal lows which sometimes arrive in June, and last year bottomed in August, came in a month late this year, causing some to wonder if the bull market in gold was over. It would appear that the market answered that question on Wednesday, with a resounding NO! More >

The End of Central Bank Selling?
Source: www.GoldForecaster.com��(9/18/08)
We are close to the end of the fourth year out of the five years of the second Central Bank Gold Agreement in which a ‘ceiling’ was placed on the sales of gold by the signatories to this agreement of 500 tonnes a year. This piece looks at the prospects for sales by these signatories in the final year of the agreement and the prospects of a third agreement, which would govern sales of gold in the ‘open’ market. More >

Supercharged Gold Leaps Nearly $90 - and Silver Back over $12
Source: Mineweb��(9/18/08)
...financial institutions are recognising gold's defensive properties in times of market turmoil - a position already taken by numerous individual investors who have almost stripped the dealers bare of gold coins and small bars around the world... More >

How Precious Is Silver?
Source: Seeking Alpha, Josh Patt��(9/18/08)
...Before yesterday the desire was to raise cash, and gold isn’t cash, so it was sold. Overnight, the fear of a systemic failure became greater than the need to raise cash, and gold is insurance against disaster, so it was bought. Apparently so is silver... More >

Gold - the Innocent Bystander to the Hurricane
Source: Mineweb��(9/17/08)
Jeffrey Nichols, American Precious Metals Advisors: "The yellow metal's own positive fundamentals - and even its role as a safe haven in turbulent financial seas - have simply been overwhelmed by the massive storm-surge flight to cash and the indiscriminate selling of securities and commodities, selling that has been amplified and accelerated by automatic program trading, short covering, and technical triggers on the way down." More >

Conditions Ripe But Gold Inert
Source: Financial Post��(9/17/08)
"...for everyone coming in, there's somebody going out who needs to liquidate to raise money for other things," said Peter Grandich, editor of the Grandich Letter and one of the most bearish commentators on the U. S. economy. More >

Conditions Ripe But Gold Inert
Source: Financial Post��(9/17/08)
"...for everyone coming in, there's somebody going out who needs to liquidate to raise money for other things," said Peter Grandich, editor of the Grandich Letter and one of the most bearish commentators on the U. S. economy. More >

Tarnished Only on the Outside, Gold Will Regain Ground in the Year Ahead
Source: Mineweb��(9/16/08)
In a "Commodity Comment" released the Monday that Wall Street experienced its worst day in seven years, BMO Capital Markets suggested "that the gold market may be oversold, but it is not clear if a rally is imminent given the current financial and foreign exchange environment."
BMO Global Commodity Strategist Bart Melek summed it up succinctly: "Things are not ‘adding up', i.e. markets are not behaving in a consistent manner." More >

Gold's Uptick Stutters as Investors Review Asset Positions
Source: Reuters��(9/16/08)
Safe-haven demand lifted gold back to nearly $800. But profit-taking emerged after seeing the market run out of steam as the market focused more closely on the financial problem," said Tatsuo Kageyama, analyst at Kanetsu Asset Management in Tokyo. More >

PLIF!! Just an Everyday Emergency
Source: Adrian Ash, Bullion Vault��(9/15/08)
"...Can you say Permanent Liquidity Insurance Facility without crying, yawning or laughing like a drain...?" More >

Pain Deepens for Resource Sector
Source: James West, Midas Letter��(9/15/08)
And so it goes. . . .More write-downs, more losses, more capital evaporated that was artificially conjured out of thin air anyway. It could be that a return to market conditions not seen since 1998 is a very real possibility. While that should have the net effect of making mineral deposits more valuable to the senior companies that rely on juniors to maintain their production portfolios, nothing seems to make sense in this market. More >

Leads Metal Report
Source: Ira Epstein��(9/15/08)
Lehman Brother filed for Bankruptcy Protection and Merrill Lynch has been sold… The “cleansing process” as I like to call it is taking place, reeling financial markets, but not causing them to fail. . .Rest assured, the financial markets will survive. Not all firms will, but the market will. At some point, probably much sooner than most think, the panic ends, values surface and things stabilize. More >

US Bank Crisis Deepens. Dollar Falls. Gold Rises.
Source: Reuters��(9/15/08)
Stocks and the U.S. dollar tumbled on Monday as Lehman Brothers was expected to file for bankruptcy, leading to grave uncertainties about other banks and shaken confidence in the financial system, and sending safe-haven Treasury debt and gold prices soaring. More >

Gold Set to Regain Its Shine
Source: Seeking Alpha, Naga Prasad��(9/15/08)
...Gold may start an upward journey very soon, which might last for the next one and half quarters of year 2008. Silver and crude oil may also join the party along with gold. Gold may embrace $950 an ounce level in coming months, crude will adjust its levels to nearly $120 a barrel, and silver is also likely to kiss $17 levels in near term. More >

John Embry: "When the gold's all gone, the market will go nuts"
Source: The Gold Report��(9/12/08)
John Embry, Chief Investment Strategist for Sprott Asset Management and renowned industry expert, expresses disbelief as he explains today's irrational pricing in this exclusive interview with The Gold Report. More >

Commodity Stocks Will Become Even Greater Outperformers After Economic Downturn - BMO's Coxe
Source: Mineweb��(9/12/08)
BMO Global Portfolio Strategist Don Coxe asserted that Paulson knew that the ultimate goal was to permit the banks to raise new equity, . . .forcing a panic short-covering of dollar positions, setting off a mutually-reinforcing pattern of collapsing commodities. . . More >

Whither Gold?
Source: David Galland, Casey Research��(9/12/08)
I know the topic of gold’s latest moves is of interest to many – and to myself as well, though my longer-term perspective lessens the heat around day-to-day, week-to-week, or even month-to-month gyrations – a couple of quick observations are in order. More >

Mining Sector Ripe for Consolidation Following Recent Corrections
Source: Seeking Alpha, Mike Niehuser��(9/12/08)
...Even more important, the market cap of physical gold of about $4 trillion is now only 4% of global financial assets. This historic low suggests that the metal and mining equities are likely undervalued relative to global financial assets remain substantially overvalued... More >

Gold Recovers a Little After a Couple of Torrid Days
Source: Reuters��(9/11/08)
"I think the market is a bit panicky at the moment because it has broken all the major supports. People are very cautious about oil prices, the U.S. dollar and everything," said Ellison Chu, manager of precious metals at Standard Bank Asia in Hong Kong. "I can't say whether it is supportive, but we see a lot physical-related buying," he said. More >