Gold Ends Weekend Over $900 Again
Source: Mineweb.com��(5/17/08)
Our one-month target has been $920," said Suki Cooper, precious metals analyst at Barclays Capital. "We see prices trading in consolidation mode with an upside bias. It's questionable whether prices currently have the momentum to make a sustained move higher." More >

Big Q1 Drop in Gold Hedge Book, but End of Dehedging in Sight
Source: Mineweb.com��(5/16/08)
Global gold hedging saw the largest decline in percentage terms on record in the first quarter of 2008 as an 18% or 4.8m ounces reduction brought the global gold book down to 22m ounces. But the Fortis Hedging and Financial Gold Report says dehedging volumes will significantly decline in 2009 and beyond. More >

Gold Futures Rise as Oil Surges to New Record
Source: MarketWatch��(5/16/08)
"The dollar is flat, but oil is again higher and this is contributing to gold's rally this morning," said Mark O'Byrne, director at Gold & Silver Investments Ltd., in a research note. More >

CFTC Still Finds No Evidence of Silver Futures Trading Manipulations
Source: Mineweb.com��(5/16/08)
The Division of Market Oversight (DMO) examined recent silver market price movement in relations to price movements of other metals; the relationship between the price of NYMEX silver futures and spot prices; and the relationship between the positions held by large short silver futures trades and silver futures prices. More >

Gold, What Gold?
Source: David Galland, Casey Research��(5/16/08)
Wonder what's happening with the gold market lately? One of the most intriguing aspects of the current market is the dearth of major discoveries so far in this cycle. This despite record amounts of money spent on exploration since this bull market began in 2001. David Galland, of Casey Research, offers some insights into the current state of the precious metal... and the companies that mine it.
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Venezuela Shuts Door on New Gold Mines
Source: Reuters��(5/15/08)
Mineral-laden Venezuela shut the door to new gold projects and threatened other mining and logging concessions in a step by leftist President Hugo Chavez to tighten control of natural resources. More >

Leads Metal Report
Source: Ira Epstein��(5/14/08)
". . .outside market influences are having no positive impact on either gold or silver prices. Yesterday, crude oil hit nearly $127 a barrel and both gold and silver prices fell. What I suspect is taking place is that the marketplace is now pricing in the likelihood that the Dollar has made a bottom, maybe a major bottom."
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From Dawn to Dusk to Dawn
Source: Mineweb.com��(5/14/08)
In another major finding, Bank Credit Analyst Research states that "resource-sensitive stocks probably will be rerated upwards before the mania has run its course". The researchers, who have long believed that the commodity universe will eventually enter a violent boom/bust cycle, argue that the mania roadmap is at an early stage. More >

Gold and Oil Price Limits
Source: James West, www.MidasLetter.com��(5/13/08)
Now everybody's getting crazy in the price forecasting side of things.Increasingly, in an effort to draw attention as contrarian prophets, tout sheet vendors around the world are making price calls on oil and gas that while possible, are not likely. There are very real market factors that limit the heights to which any commodity price can soar. More >

Outlook for Gold and Silver Slightly Weaker
Source: Mineweb.com��(5/13/08)
Going forward, we believe that the investment case for gold will remain strong throughout the rest of this year and, potentially, into 2009. More >

Gold/Silver Ratio Still Widening
Source: Brad Zigler, Seeking Alpha��(5/11/08)
Buoyed by a resurgent equities market, the Philadelphia Gold/Silver Index notched up 5.7% to 182.16. The broader-based AMEX Gold Miners Index gained 4.3%, which translated into a 4.2% increase in the price of an exchange-traded fund, the Market Vectors Gold Miners ETF that tracks the index. More >

Gold Refuses to Rise
Source: Ira Epstein��(5/9/08)
Gold has not, I repeat, has not been influenced by all time high, energy prices. Rather, gold is being influenced by what appears to be a bottom in the US Dollar. More >

Sascha Opel: “The Ultimate Currency That Will Survive All Times”
Source: The Gold Report��(5/9/08)
As the former chief editor of the first newsletter about the German “Neuer Markt” (New Market), Sascha Opel brings a distinctive outlook to the precious metals market. Today his company, Orsus Consult GmbH, publishes one of the most popular German newsletters on commodities and junior mining and exploration. In this Streetwise Exclusive, Sascha gives us his thoughts on the outlook for gold and some of his top picks. More >

Why the Bull Market Is Far from Over
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch��(5/9/08)
Some talk of the end of the credit crunch. Some say that the gold bull market has suffered severe damage, which will affect its long-term prospects. If we were to accept these statements then it would appear that the gold ‘bull’ market is over. But are these statements acceptable and do they reflect the true picture underlying the gold [and silver] markets? More >

Those Stubborn Silver Investors
Source: Brad Zigler, Seeking Alpha��(5/7/08)
...Through April 30, silver's year-to-date gain was much more robust than gold's: 10.3% versus 0.7%. SLV's share base grew 23.4% as a result. And, from the top of silver's price trend at $20.92, from which a 16.3% decline ensued, the number of SLV shares actually grew 4.2%... More >

Silver Still Dependent on Gold for Upside, But Fundamentals Strong
Source: Mineweb.com��(5/7/08)
For the market as a whole, investment thus remains the most interesting element, with investor activity the main driver of silver's high and volatile price in 2007, and expectations for gold prices were an important consideration for silver investors. This is expected to remain the case during the rest of 2008 and despite the fact that investment is a relatively small component of the supply-demand balance... More >

The Battle for $900 Gold
Source: David Galland, Casey Research��(5/6/08)
The current "battle" in the gold market is around the $900 level, a fairly steep retrenchment from the recent highs of $1,011. Some investors, their hopes dashed that $1,000 would be quickly and decisively overrun, are seeing disaster in this correction and dropping their gold as they run for cover. So… do we at Casey Research think we're now seeing a reversal in gold’s fortunes? . . . In a word, no. More >

The Investment Case for Junior Mining Companies
Source: Eric Hommelberg, goldseek.com��(5/6/08)
...Since we’re dealing with a very similar setup as in 2002 it wouldn't surprise me to see another junior hype (over-valuation against gold) within 12+ months from now and yes, we definitely find ourselves in BUY territories right here right now... More >

The Nature of the Current Gold Correction
Source: Boris Sobolev, Seeking Alpha��(5/6/08)
...The “Inflationary Gold Run” is still ahead. Monetary inflation, which is the basis of today’s financial system, takes time to transform to price inflation evident in the CPI or PCE figures, often several years. This is one of the reasons why we remain convinced that the precious metals bull market has a long way to go... More >

Money: Inflation, Deflation and Gold
Source: John Lee, Mau Capital Management��(5/6/08)
Money serves as a medium of exchange and store of value. Price provides an important clearing mechanism in a society. Here we are going to explore the interesting dynamics between money and price. More >

Weaker Gold Price May Point to Overvalued Euro
Source: Reuters��(5/6/08)
It's been quite some rally for the euro, scorching its way to $1.60 against a beleaguered dollar last month, but if recent moves in gold are anything to go by it might just be time to sell. More >

In Defense of Gold
Source: Frank Holmes, Seeking Alpha��(5/6/08)
As the financial crisis unfolded, gold staged a spectacular rally, surging more than 60 percent to $1,032. It has since pulled back, but given that the long-term fundamentals remain intact, we believe it is setting the stage for the next leg up... More >

ETF Update: Gold Staging a Turnaround
Source: Tom Lydon, Seeking Alpha��(5/6/08)
The gold-focused ETFs, streetTRACK Gold Shares (GLD) and iShares COMEX Gold Trust (IAU), surged higher after a difficult stretch a few days ago. They both closed on Friday down 3.1% for the week. iShares Silver Trust (SLV) was trading higher today, too. All three funds rose 2% at the end of trading today. More >

Why I'm Re-Establishing My Gold Position
Source: Toro, Seeking Alpha��(5/6/08)
Clearly, fear of a systematic collapse in the financial markets was one factor pushing gold higher over the past few months. Now that fear is abating (at least for the moment), investors had been liquidating gold and other commodities and buying risky assets. At some point, I believe the fear trade will end, and fundamentals will reassert themselves - they may actually be reasserting themselves now. More >

Citigroup Says Mining and Metals Are in a Cooling Period
Source: Mineweb.com��(5/5/08)
Analysts John H. Hill, Graham Wark and Paul Cheng warned, "Given hyper-compressed events in 1Q08, mining/metals are likely to be subdued for some time due to: exhaustion of the commodity momentum trade, after heady runs in copper, gold, steel and coal; the floor in the dollar driving profit-taking, which is hitting the equities harder than the commodities; further demand-side deceleration; and scant production growth or cash-distribution catalysts from earnings. More >