Streetwise Articles
Gold, Gold - You're Making Me Old
Source: Richard Russell, Publisher, Dow Theory Letters, 321.gold (2/25/08)
...if gold can break out above one thousand and remains stubbornly above one thousand, it's next long-term target will be two thousand...
More >
Silver ETFs Outperform Mining Stocks
Source: Mineweb.com (2/25/08)
The best performing "stock" in the sector, which includes a selection of 50 names, is an ETF, in the form of iShares Silver (SLV US, $178.77a unit).
More >
Positive on Silver Despite Chronic Oversupply
Source: Mineweb.com (2/22/08)
Speaking at yesterday's excellent inaugural Global Capital Forum on gold and silver in London, Jessica Cross of the VM group was very positive about the price prospects for the metal, despite there being an apparent supply surplus and a steady fall in usage in its principal industrial use in the photography sector.
More >
Hans Peter Schmidlin, Precious Capital Ltd: "Buy When the Cannon is Shooting"
Source: The Gold Report (2/22/08)
The Gold Report recently spoke with Hans Peter Schmidlin, CEO of Precious Capital Ltd. in Zurich. The firm's Precious Capital Global Mining & Metals Fund invests mainly in the leading global mining companies as well as some junior companies in the mining sector. Schmidlin gives us names of some undervalued juniors exploration companies that he believes are well positioned for the long term.
More >
Gold Heads for Biggest Gain in 19 Months
Source: Bloomberg (2/22/08)
"It's been six months this week since the Fed started cutting interest rates and gold has gone nuts,'' said Adrian Ash, head of research of London-based BullionVault, a gold dealer that holds about six tons of gold for customers in vaults in London, Zurich and New York.
More >
Gold Stocks Slow to Track Bullion Higher
Source: globeandmail.com (2/22/08)
...The equities are starting to reflect the price of the commodity," said Tony Lesiak, mining analyst at UBS Securities Canada Inc. "The valuations are stretched."
More >
Gold Stocks Slow to Track Bullion Higher
Source: globeandmail.com (2/22/08)
...The equities are starting to reflect the price of the commodity," said Tony Lesiak, mining analyst at UBS Securities Canada Inc. "The valuations are stretched."
More >
Platinum is on Fire, Will Gold Be Hot?
Source: Thomas Tan (2/22/08)
Platinum has been so hot lately, and has passed 2,100 (per oz) mark this morning. Palladium has also been rising in sympathy, now pushing the key $500 (per oz) level. Both platinum and palladium are 2 of the 6 metals in the so-called PGM (platinum group metals) area. Besides their usefulness in making jewelry, platinum and palladium have important roles in the auto industry, and they have been used as the oxidation catalyst in catalytic converters which treat automobile exhaust emissions.
More >
Will the G-7 Nations Impose Capital Controls?
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (2/22/08)
What does this mean for you and for me and for all those financial institutions out there across the globe? It means if we want to protect ourselves from the pernicious effects of these we must act NOW! The time for adjusting one’s affairs, not only to protect one’s wealth, but to re-structure it beyond the reach of these authorities is running out.
More >
Will India Unload a Massive Quantity of Gold & Silver on the Markets?
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (2/22/08)
Hoarding of gold and silver in India is huge, proven by the fact that none is exported. More to the point: None will be exported; no matter what the gold and silver prices go to!
More >
Gold Jumps on Renewed Inflation Concerns
Source: Seeking Alpha (2/21/08)
As stocks turned around, gold also got a boost to reach a new record of $945.80 an ounce.
More >
Gold Picks Up as Platinum Falls Back on Profit Taking
Source: Mineweb.com (2/20/08)
...it is particularly interesting that gold futures prices in India, the world's largest consumer for gold for jewellery, have reached new highs, suggesting that the adverse market sentiment, which has cut demand drastically there over the last few months, is already being discounted in local markets.
More >
Breakout! Buy Silver Stocks Now!
Source: Jason Hommel, Silver Stock Report (2/20/08)
...The world produces about 650 million ounces of silver per year. All of that, and more, is consumed by industry, silverware, jewelry. Only recycling and investor selling has made up the difference. As investor selling slows and turns into buying, silver prices will soar, and vastly outperform gold, because silver is probably more scarce that gold these days...
More >
Five Fundamentals Will Drive Gold Higher in 2008
Source: Mineweb.com (2/19/08)
Donald W. Doyle, Jr. Chairman and CEO of Blanchard, says expect to see record investor demand continue as global supply shrinks, emerging markets begin to play a more significant role in the world's economy, and as former sellers of gold, notably central banks and hedge books, reverse their selling trends and become buyers again themselves...
More >
Commodity Prices Still Expected to Rise on Demand Growth
Source: Mineweb.com (2/19/08)
George Cheveley, portfolio manager of Investec Asset Management's commodity investment team, said commodity prices will also continue to move upwards over the longer term as high average rates of demand growth is expected over the next 15 years.
More >
China Gold Demand Rises 26% in 2007
Source: The Economic Times (Shanghai) (2/19/08)
Chinese jewellery demand reached 302.2 tonnes in 2007, the World Gold Council said in a news release, making China the world's second-largest retail jewellery market after India.
More >
Gold, Silver Prices Rally on Demand for Inflation Hedge
Source: Bloomberg (2/19/08)
"The major trend is again preparing to assert itself,'' said Dennis Gartman, economist and editor of Suffolk, Virginia-based Gartman Letter. He recommended buying gold.
More >
Why Junior Miners Are Underperforming
Source: Boris Sobolev, Seeking Alpha (2/19/08)
...This spells opportunity. Unless we are on the brink of falling into a depression (the probability of which, in our opinion, is slim to none), patient investors who continue to build positions in extremely undervalued junior mining companies will be quite pleased with their returns in 2008.
More >
Why the IMF Believes the 400 Tonnes of Gold It Wants to Sell Is Its Own
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (2/19/08)
The reason the G7 gave for approving these sales is: “This is arguably a good time to consider selling some of these gold holdings and investing the proceeds in financial securities with positive yields.” It is amazing that such a statement is made by such qualified men, but they do have to promote paper instruments.
More >
Why the IMF Believes the 400 Tonnes of Gold It Wants to Sell Is Its Own
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (2/19/08)
The reason the G7 gave for approving these sales is: “This is arguably a good time to consider selling some of these gold holdings and investing the proceeds in financial securities with positive yields.” It is amazing that such a statement is made by such qualified men, but they do have to promote paper instruments.
More >
Gold as a Growth Stock Indicator
Source: Timothy Pereira, Seeking Alpha (2/19/08)
...Gold is acting as a leading indicator. If gold makes new highs, look for more weakness in growth stocks. If it doesn't, let the good times roll.
More >
Platinum Tops $2100, Still on a Rising Trend
Source: Reuters (2/18/08)
The supply tightness is likely to continue. One way to alleviate that is by giving the miners sufficient energy so that they could produce, but that doesn't seem to be happening," said Michael Widmer, metals analyst at Lehman Brothers.
More >
2007 Gold Sales Jump 30% in the Middle East
Source: Reuters (2/16/08)
Gold sales in the Middle East jumped in 2007 as strong regional economies stoked demand for the precious metal but high and volatile prices dented demand in the fourth quarter, according to the World Gold Council (WGC).
More >
Economic Outlook Continues to Support Precious Metal Investing
Source: The Prudent Investor, Seeking Alpha (2/14/08)
...I notice one more change in attitude: These days all bad news correctly leads to precious metals strength. We will have no shortage in such.
More >
Economic Outlook Continues to Support Precious Metal Investing
Source: The Prudent Investor, Seeking Alpha (2/14/08)
...I notice one more change in attitude: These days all bad news correctly leads to precious metals strength. We will have no shortage in such.
More >
