Gold: The Message and the Meaning
Source: Richard Russell, Dow Theory Letters��(7/16/08)
Gold is moving into the beginning of what I call a potential buying stampede. Those who have traded out of gold (and there are a lot of them) are now being left behind. In a buying stampede, overbought conditions are traditionally ignored. The idea at this point is to get into the item (gold), and those who wait are left behind...It may be a bit early, but I suspect that if gold closes above 1000 we will be close to another buying stampede. More >

Roger Wiegand: Despite Economy's Ills, Commodities Rally Has a Way to Go
Source: The Gold Report��(7/15/08)
As if the past few months haven't been ugly enough, newsletter editor (Trader Tracks) Roger Wiegand sees an ever-harsher reality looming. That bodes well for gold, as Wiegand predicts the onset of the biggest gold and silver rally in history. More >

Silver Emergency
Source: David Morgan, Silver Investor��(7/15/08)
In last week’s column I presented some fallacies that pertain to the silver market. The feedback I received was mixed; most was positive but some was negative, proclaiming that I was implying the “shorts” could not lose and investing in silver was almost hopeless. This is not my studied position at all. . . More >

Hot Commodities! – The Only Game Left in Town
Source: James West, Midas Letter��(7/14/08)
The collapse of the U.S. economy continued apace on Friday, with selloffs in Lehman Brothers, Citigroup, Bank of America, Wachovia, Fannie Mae and Freddie Mac leading the plunge. At the same time, gold surged to $964 an ounce and oil topped $146 a barrel. The correlation between the weak U.S. dollar and the strong price of gold is confirmed on such volatile days, but what is the broader implication for emerging exploration companies going forward? More >

Gold and Silver Sparkle During Rough Week for Markets
Source: Marc Courtenay, Seeking Alpha��(7/14/08)
A good example of analysts who believe a new spike upward has commenced is Peter Spina, of Goldforecaster.com who recently wrote that, "The growing sense of concern over the stability of the financial system is starting to teeter on the edge of a panic."

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Thoughts About the Current Bear Market Among Junior Miners
Source: Boris Sobolev, Seeking Alpha��(7/14/08)
This failure to obtain financing highlights the main reason for the bear market in the junior resource stocks lasting longer than expected. The Credit Crisis in the financial sector and the Credibility Crisis in the junior sector, together with the threat of a serious recession, have caused companies with even world-class size deposits to struggle for financing. More >

UBS Forecasts $1,000 Average Gold Price Next Month, and $1,050 Next Three Months
Source: Reuters��(7/14/08)
"We believe that the moves in ETF holdings is evidence that investors have become much more worried about systemic risk and that, once worried, investors will remain concerned until there is clear evidence that the situation is getting better," said John Reade, UBS head of metals strategy. More >

GLD "Tonnes in the Trust" Increases by 46 Tonnes
Source: Tim Iacono, Seeking Alpha��(7/13/08)
This dwarfs anything other than the second day of trading for the ETF back in November of 2004 which saw 50 tonnes added. More >

There's Nothing Like the Prospect of War to Kick-Start Gold
Source: Mineweb��(7/12/08)
...with even conservative analysts looking to gold back over $1,000 this year and global economic factors continuing to look bleak and inflation beginning to rear its head across the board, the precious metal's value as an inflation hedge should continue to buoy the price up. Meanwhile investment demand seems likely to continue strong, so one could feel downside risk is perhaps rather less than that of the general stock markets. More >

Global Secular Bull Market Still Intact
Source: Mineweb��(7/11/08)
In a 60-page Special Report on gold, Analyst Robert Stoeferle of Austria's Erste Bank says the gold price is clearly driven by two parameters - namely a) "the shape the financial markets are in and, in connection, the level of interest rates, the inflation expectations, and the scenario of the currencies and; b) the status of the real economy and thus the situation of production and of demand (as mainly determined by the jewellery industry)." More >

Lawrence Roulston: As Demand Exceeds Supply, Prices Will Trend Higher
Source: The Gold Report��(7/11/08)
The Gold Report caught up with newsletter writer and analyst Lawrence Roulston of Resource Opportunities. In this wide-ranging interview, Roulston gives us his thoughts on the outlook on the economy and what factors impact the gold market and all the other metals. He says, "the pattern I see continuing is gold trending higher with spikes and pullbacks." More >

Gold Surges Over 2 Percent on Rising Oil, Iran Tensions
Source: MarketWatch��(7/11/08)
"A powerful war jitters-driven surge in crude oil to new peaks ignited a late afternoon and overnight rally in precious metals and pushed the dollar back toward 72.25 on the index," said Jon Nadler, senior analyst at Kitco Bullion Dealers, in a research note. More >

Gold Steadies on Global Uncertainty, Platinum and Silver Gain
Source: Reuters��(7/11/08)
It's going to be choppy. I think the market is closely watching developments in oil at the moment. If it breaches $950, I think it's going to look interesting," said Mark Pervan, senior commodities analyst with ANZ in Melbourne. "I think around that level it could move higher from there because it could trigger a short-covering rally at that point and some stop-loss selling." More >

Gold Appreciation Outshines Wall Street
Source: Michael J. Kosares, Seeking Alpha��(7/10/08)
Gold has benefited from diversification flows out of the more traditional asset classes, such as stocks. This is a trend that is likely to continue and keep equities under pressure. Gold mining stocks, which finished in the number three slot on our survey, should remain an exception. Look for gold mining stocks to continue outperforming other sectors and the broader market indexes. More >

ETF Update: Gold, Metals ETFs
Source: Tom Lydon, Seeking Alpha��(7/10/08)
The SPDR Gold Trust (GLD) is the most actively traded call option on the Chicago Board Options Exchange, reports Sophia Grene for the Financial Times. The news is remarkable because it’s only been a month since the options began trading. More >

Extreme Opportunity in Gold
Source: Brian Hunt, Seeking Alpha��(7/10/08)
Right now, gold buys you just 6.5 barrels of oil – less than half its traditional purchasing power. The tremendous rise in crude oil prices is the cause of this situation. Crude has gained 155% in the last 18 months. Gold has gained "just" 50% in the same time...There's no guarantee this extreme will work itself out quickly. But this is one trade worth keeping on the radar. More >

Copper Equities Getting Cheaper as Price Gets Stronger
Source: Mineweb��(7/9/08)
Raymond James said today producers were now trading at an estimated weighted average P/NAV multiple of 0.70 times compared to a P/NAV of 0.78 times at the end of May, while the average copper price along the copper forward curve has increased 2.6% from US$3.41/lb to $3.50/lb. More >

Using Gold to Protect a Portfolio
Source: Keith Fitz-Gerald, Seeking Alpha��(7/9/08)
...while gold has never been proven to be a statistically viable inflation protector, it has a significantly correlated 10 to 1 relationship with interest rates and bond prices which, as you know, react to inflation. Therefore, if interest rates rise by 1%, the face value of bonds should fall 10% but gold should rise by 100%... More >

Sean Rakhimov: “Three-Digit Silver Ahead”
Source: The Gold Report��(7/8/08)
In this exclusive interview with The Gold Report, Sean Rakhimov explains why he thinks silver will rise like a rocket in the next couple of years. He also gives some advice on how best to participate in the coming silver boom. Sean is the founder and editor of Silverstrategies.com, a web site dedicated to silver investing. More >

The Bull Market Rages On - In Gold
Source: Graham Summers, Seeking Alpha��(7/8/08)
...now would seem a great opportunity to increase your exposure with the autumn—gold’s strongest season—fast approaching. Also, the potential for a stock crash has dramatically increased in the past month. If one were to occur, gold would absolutely erupt. More >

Silver Fallacies
Source: David Morgan, Silver Investor��(7/8/08)
I recently read an “advertorial” suggesting silver to be a fantastic investment, and I could not agree more. However, the author was stating that all short positions have to eventually be covered with physical silver and that when this took place there would be a price explosion. It is a fallacy that all short positions have to be covered and the shorts will have to buy silver to cover.

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Analyst Louise Yamada on Why Share Prices are Lagging Behind the Underlying Commodities
Source: Jay Taylor/Richard Russell/Gold-Eagle��(7/8/08)
Acclaimed analyst Louise Yamada provides a framework and some answers as to why, in spite of rising gold and energy prices, the shares and especially the junior shares have lagged behind the underlying commodities. More >

Four Reasons for Silver to be 2008's Best Performing Precious Metal
Source: Mike Caggeso, Seeking Alpha��(7/7/08)
James Turk, founder of GoldMoney, said in his annual forecast that the U.S. economy "will get much worse in 2008, making gold the premier asset of choice, but not the best performing precious metal. That honor will go to silver, which I expect will clear $30 in 2008." More >

Top ETF Gold Holding Up 15 Percent in Last Week
Source: Reuters��(7/7/08)
ETF Securities said on Monday the amount of bullion backing its Physical Gold exchange-traded fund PHAU.L rose 15 percent last week to a record 1.459 million ounces. More >

South African Gold Shares – A Good Place to Invest or Not?
Source: www.GoldForecaster.com��(7/3/08)
We have been asked whether South African gold shares remain a good investment? Our stock answer will be from now on, yes, in the longer term. How could we say that when it is becoming apparent to all that the political and economic climate of South Africa is decaying and looks likely to continue to decay as far as one can see ahead? More >