Streetwise Articles
Holiday Cheer for Gold, Platinum and Copper
Source: Mineweb.com (12/27/07)
What has to be encouraging for gold bulls though is that the dollar regained much lost ground against other major currencies during early to mid-December, yet apart from some initial weakness gold maintained its price levels very well and even moved up despite apparent short term dollar strength.
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Using Gold as Crystal Ball for Inflation
Source: Mebane Faber, Seeking Alpha (12/27/07)
...You have probably heard the idea that gold acts as a hedge against inflation, but this is not quite the right description. An up move in gold prices signals a coming up move in the inflation rate about 14-15 months later. So if you believe that inflation is going to pick up and want to protect yourself, then the best course of action is to buy gold 14 months ago...
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Louis James, Casey Research: Why the Big Spike Will Be Even Bigger This Time
Source: The Gold Report (12/27/07)
Part I of a two-part interview with Louis James, Senior Editor with Casey Research. James talks about the gold and silver markets, and shares his views on several interesting companies. In Part II, Louis discusses five more gold and silver companies he likes and why.
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My Ten Predictions for 2008
Source: Thomas Tan, CFA (12/27/07)
The following are my 10 predictions for 2008: The price of gold will reach quadruple-digits in U.S. dollars ($1000) for the 1st time in human history. Gold has entered the 2nd phase of its uptrend, and will have more explosive up movements, and become more volatile. . .
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Gold Bulls Eye $1,000 Bullion
Source: thestreet.com (12/25/07)
The usually cautious Jessica Cross, CEO of the London-based consultancy VM Group, says gold prices should get a double boost next year from continued declines in the value of the dollar and the uncertainty of a U.S. presidential election combining to drive up demand.
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Gold Price Consolidates - What's Ahead for the New Year?
Source: Mineweb.com (12/21/07)
...the portents look good for the gold price in 2008. Perhaps some of the volatility seen in the second half of 2007 may fall away, but it is notable that big gold price spikes have been seen in each of the past two years, so one can't rule out the possibility of another one next year too.
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Kitco's Jon Nadler: Want to Buy Some Gold? Some Things to Consider
Source: The Gold Report (12/20/07)
Jon Nadler, Senior Investment Products Analyst, Kitco Bullion Dealers, shares his thoughts with us in a two-part interview. In the first part Jon gave an overview of why he thinks an individual investor would want to buy gold or silver. In Part II, presented here, he weighs the various ways individuals can own gold.
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Corporate Risk Profiles Still Cause for Concern for US Mining and Metals Companies
Source: Mineweb.com (12/20/07)
Although metals and mining credit quality is stable and higher metals prices continue, Standard and Poor's said Wednesday that it is concerned about several factors that present risks.
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2008 Fundamental and Technical Review for Gold and Gold Stocks
Source: John Lee, Seeking Alpha (12/19/07)
With gold already more than having tripled from its low of $250 in dollar terms, the fundamental driver for gold in 2008 will likely come from the flight from other fiat currencies besides the dollar.
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Balancing Risk in a Time of Crisis
Source: David Galland, Casey Research (12/19/07)
As you have probably heard, Federal Reserve Chairman Ben Bernanke has gone on record stating that, if the need arose, the Fed would print dollars by the helicopter load to smooth over a collapse in the 25-year borrow-and-spend bubble, a collapse that is now underway.
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Buy Signals Are Popping Up in Gold and Silver
Source: Peter Degraaf, Seeking Alpha (12/19/07)
The driving force behind the current bull market in gold is the fact that fiat money is being created some twelve times faster than gold.
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Central Bank Credit Crisis May Be Positive for Gold and Copper
Source: Mineweb.com (12/18/07)
Metals analysts John H. Hill, Graham Wark and Paul Cheng said that "recent Fed action, and co-ordinated central bank intervention to thaw credit markets, could be positive for mining and metals if it staves off debt-driven deflation/recession, or spurs the next leg of the re-flation trade.
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Gold Rallies; Platinum Soars to New Record High
Source: MarketWatch (12/18/07)
This rally seems strong as gold has just spiked upwards and breeched $810," said Zachary Oxman, a senior trader at Wisdom Financial. "I'd regard any trading through the end of the year as strictly technical trading or position cleaning type trading."
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Gold Price - It's All About Dollar Strength Perception
Source: Mineweb.com (12/17/07)
...there is the definite possibility that the gold price, which remains very much an indicator of dollar strength, could still drift back further while these perceptions continue and this scenario would now seem likely to remain in place through the holiday season
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BMO Analysts Forecast Strong 2008 for Mining Sector
Source: Seeking Alpha (12/16/07)
The analysts note that junior companies continue to find it relatively easy to raise capital to invest in exploration, and that concerns over asset-backed commercial paper have apparently not dampened investor enthusiasm for risk in the commodity sector.
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Kitco's Jon Nadler on Gold and Why You Should Own Some
Source: The Gold Report (12/14/07)
Jon Nadler, Senior Investment Products Analyst, Kitco Bullion Dealers, shares his thoughts with us in a two-part interview. In this first part Jon gives an overview of why he thinks an individual investor would want to buy gold or silver, and in the second part he weighs the various ways individuals can own gold.
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Goldman Sachs Reduces '08 Base Metals Forecast, Maintains $750 Gold
Source: Mineweb.com (12/14/07)
As Goldman Sachs economists continue to expect the U.S. dollar to strengthen on a 12-month horizon of expectations of a narrower U.S. current account deficit, we believe that gold prices will decline to $750/toz, limiting returns from precious metals in 2008.
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JP Morgan Sets Higher Long-Term View on Gold Price
Source: Mineweb.com (12/14/07)
JP Morgan analyst Steve Shepherd said in a recent research report that the $675/ounce outlook is consistent with historical gold prices, the rapid rise in cash costs in the industry, rising capex costs, rapidly rising labour costs and the more complicated nature of mining, especially in South Africa
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Joe Foster Discusses the Future of the Gold Bull Market
Source: Hard Assets Investor, Seeking Alpha (12/14/07)
In a recent interview with Mike Norman, anchor of HardAssetInvestor.com, Joe Foster, Gold Strategist at Van Eck Global spoke of his outlook on gold: "We have the Fed easing at a time when we're seeing inflationary pressures in many countries around the world. So I think you can justify these high gold prices. In my mind, I think we can target higher prices going forward."
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As the Credit Crunch Worsens, It Will Send the Gold Price Up, the $ Down
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (12/14/07)
...expect to see gold rise faster than currencies fall, as more and more people want the protection gold offers.
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Doug Casey: An Interview with Ron Paul
Source: Casey Research (12/13/07)
Presidential candidate Ron Paul is famous for his principled rejection of fiat currency, and advocacy of hard money – the gold standard. That’s a matter of particular interest to us, with obvious investment implications. We thought, therefore, we’d get an update from Ron, to see if his thinking has changed any.
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Schultz Sees an Apocalypse
Source: MarketWatch (12/13/07)
On gold, he (Harry Schultz of The International Harry Schultz's Letter) writes: "The public is still not in the gold market. They will be in 2008 as the derivatives and credit crises bring down more financial institutions (amid recession) and eyes will be opened, via pain. While Rome burns, gold will smash through its old unadjusted-for-inflation $850 high on the way to $1,600, & who knows how far beyond...
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Ryaz Shariff, Primevest Capital Corp.: Interesting, Diverse Opportunities in Gold
Source: The Gold Report (12/11/07)
The Gold Report recently spoke with Ryaz Shariff, CFA, president of Primevest Capital Corp. and Portfolio Manager for the Asset Logics Special Situations Fund, to get his thoughts on the metals market and specific companies he likes. Ryaz's fund has returned 41.78% year to date (as of 11/30/07), and 133% since inception (7/05). Although the fund's focus is on the Canadian small capitalization market, it can invest in a spectrum of companies encompassing junior mining to large cap merger arbitrage, in any world market.
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Gold Holding Steady Above $800
Source: Reuters (12/11/07)
“Prices are likely to remain in consolidation mode ahead of the Fed rate decision. However, investor sentiment remains positive towards the metal and should support prices in the forthcoming sessions,” said Suki Cooper, precious metals analyst at Barclays Capital.
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Gold Consolidates as It Awaits US Fed Decision
Source: Mineweb.com (12/10/07)
"When the payroll is better, they may not cut so aggressively. However any rate cut will be good for the precious market. It will add excess liquidity," according to William Kwan, a dealer at Phillip Futures in Singapore.
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