Streetwise Articles
Gold to De-Couple from the Euro
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (2/1/08)
The € will de-couple from gold because it is a currency and it is reliant on the global economy to the extent that its Balance of Payments is critical to its good health. It is also printable, as we have witnessed this last six months. It is only a matter of time before the market sees that and takes gold up and away from it.
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Global Gold Demand Slumps as Prices Soar to Record
Source: Reuters (2/1/08)
Record gold prices have scared buyers in many parts of the world and left them to watch helplessly the blistering rally that shows no signs of abating...spot gold hit a lifetime high of $936.50 an ounce on Friday.
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Interesting Phase as Gold Price Pushes Ahead Despite Growing Private and Scrap Sales
Source: Mineweb.com (2/1/08)
...This does suggest that gold's upward path will continue in the near term a least, although there could be occasional setbacks in the upward path as some factor or other impacts an easily spooked market. And the higher gold rises, the easier it will be for an occasional sharp setback to occur.
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Wisdom of Crowds Helps Explain Gold's Rise
Source: Frank E. Holmes, CEO, U.S. Global Investors (2/1/08)
All around the world, investors believe in gold. If you ask them why, you will get a number of explanations and a level of conviction that has endured despite opinions of many "experts" that gold was overpriced at $500, then at $600, and so on until it reached and passed $900.
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The Dollar Crisis and Coming Gold Boom
Source: J.S. Kim, Seeking Alpha (1/31/08)
...For now, the only conclusion I can draw from my brief examination of history is that unless a grand scheme is hatched to replace the U.S. dollar with another currency, great fortunes in gold and gold stocks are waiting on the horizon. Thus one should bunker down and get ready for the great gold boom.
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China Still Only World's No. 2 Gold Producer - But Aiming for the Top Spot
Source: Mineweb.com (1/30/08)
South Africa and China had been neck-to-neck in gold production for the second half of 2007, prompting GFMS to estimate that China had already become the world's largest gold producer. However, China's gold output was just short of South Africa's 272 tonnes...
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Uranium, Beryllium and Germanium: James Passin on What Investors Need to Know
Source: The Gold Report (1/29/08)
James Passin of Firebird Management LLC, which manages $3.5 billion in eight funds, gives us his thoughts on where he thinks the opportunities are now in nuclear power plant construction and the nuclear fuel cycle. "It's as exciting to me now as the uranium exploration and production story was five years ago," he says. Passin recognized the powerful drivers behind the nuclear renaissance early on, and has made considerable investments in the areas of uranium, fluorine, and germanium.
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Consolidation: Less Is More
Source: Mineweb.com (1/29/08)
A view on the global mining and metals market suggesting a bias towards conservatism amongst analysts in general which tends to understate reality and leads to distortions in certain key areas of mining financial planning and decision-making.
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China's Gold Output Jumps 12.67% But Still No. 2
Source: Mineweb.com (1/29/08)
China's gold output rose 12.67 percent in 2007 to 270.491 tonnes, but the gain was not enough to overtake top producer South Africa, the vice secretary general of the China Gold Association said today.
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Central Bank Gold Sales Still Moving at Anemic Pace
Source: resourceinvestor.com (1/29/08)
In the past four weeks, central banks have reported sales of just 10.9 tonnes. So far in the fourth agreement year, signatories have posted sales of just 113.3 tonnes – an average of 6 tonnes per week compared to 6.8 tonnes last year.
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Gold Slips Away from Record High
Source: RTTNews (1/29/08)
Gold edged lower in early dealings after topping the $930 mark for the first time ever in electronic trading.
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Spicy Juniors are Down South -- the Future of Land Grabs and Acquisitions?
Source: David Banister (1/29/08)
It has been a tumultuous time period for investors in junior gold and silver exploration companies over the past eight months...As a contrarian, you always want to avoid catching a falling safe, but you must also keep your eyes open to what the herd is doing and go against it at some point. The herd is trampling out the door just as gold is breaking all time highs. . .
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Silver in Surplus? No Such Thing
Source: Roland Watson, Seeking Alpha (1/29/08)
The truth is that supply and demand are in near perfect balance. If more silver comes to market in the absence of new buyers the price is bid down. If less comes in the absence of new sellers, it is bid up.
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Educating Investors: Taking the Mystery out of Trading Pink Sheet Stocks
Source: The Gold Report (1/28/08)
Say "Pink Sheets" and most people think, "Stay away." Why is there a stigma attached to the stocks that trade on the Pink Sheets? Since many attractive Canadian mining companies' shares trade on the Pink Sheets, we thought it would be worthwhile to talk with Kevin Hudak, an investment advisor who specializes in helping his customers buy shares that trade on the Pink Sheets.
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Your Average Predictions: $1129 Gold in 2008
Source: Mineweb.com (1/28/08)
...for similar competitions in 2007, the average predictions by Mineweb readers hugely outperformed those of the experts with the average high and low predicted falling within 1 percent of the actual figures recorded at the respective London fixings.
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Silver ETF Begins to Shine
Source: Tom Lydon, Seeking Alpha (1/28/08)
...Shares Silver Trust ETF (SLV) has seen its rate of accumulation slow, but the addition of a silver ETF in the UK and Switzerland are turning the trend around, reports Jane Louis for Resource Investor.
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US Gold Futures Hit Record Highs
Source: Reuters (1/28/08)
New York gold futures rose sharply to reach a record high on Monday, boosted by a sliding dollar, production halts in South Africa, and the expectation of an aggressive rate cut by the Federal Reserve.
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US Gold Futures Hit Record Highs
Source: Reuters (1/28/08)
New York gold futures rose sharply to reach a record high on Monday, boosted by a sliding dollar, production halts in South Africa, and the expectation of an aggressive rate cut by the Federal Reserve.
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Doug Casey: All the Trouble in the World
Source: Doug Casey, Big Gold (1/25/08)
But now, more than a generation after the last serious crisis – and four full generations after the Great Depression – I think there are lots of reasons to be afraid. Very afraid. Am I predicting the Greater Depression may be upon us? Let me preface my response with a disclaimer. I’m not a fortune teller. But my gut feel is: yes.
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Gold Hits Fresh Record High
Source: The Wall Street Journal (1/25/08)
Spot gold hit a new all-time high of $915 a troy ounce Friday, up $8 on the New York close, as the market gathered momentum before an expected interest rate cut next week, traders said.
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Silver Supply Seen as in Surplus and Staying That Way
Source: Mineweb.com (1/25/08)
The second issue of The Silver Book, sponsored by Fortis Bank and compiled by research house VM Group states that the silver market was in surplus in 2007 by 6,141 tonnes and expects the market to remain in surplus this year, with photographic demand continuing to fall rapidly.
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Gold Soars Above US$920 as Power Crisis Closes Mines
Source: financialpost.com (1/25/08)
South Africa's three main gold producers and the world's biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs.
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Gold Will Gain from the "Keep-Going" Stimulus Package
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (1/25/08)
Unless investors act in the near-term to protect themselves in the precious metals, they will join the ranks of the “if-onlys”.
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Ken Gerbino Says There is No Credit Crisis and Gold Is Going $1500
Source: goldeditor.com (1/25/08)
...The dollar will continue to go down as the Fed has decided to save the banks and flood the country with as much money as is needed to handle their crisis (the banks).
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Mining Credit Crunch Delays New Projects
Source: Mineweb.com (1/24/08)
The deepening global financial crisis has tightened bank lending to some smaller mining firms, jeopardising, or at least delaying, projects that may be needed to satisfy demand for metals in the next few years.
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