Gold Rises on Festive Demand
Source: ndtvprofit.com (New Delhi)  (10/12/07)
Marketmen said persistent buying by stockists and jewelry makers to meet on going 'Navratra'(an auspicious week in Hindu mythology) and marriage season and reports of firming trend in global markets mainly led to rise in gold prices.
More >

Gold May Hit $850 Next Year
Source: Reuters  (10/12/07)
"I am bullish on the metals complex and bearish on the dollar. I am still in the camp that believes that we will work towards $775 to start with, then $800 and then we could head up towards $850 at some stage," said Robin Wilkin, technical analyst at J.P. Morgan. More >

Gold, Platinum Ease on Profit-Taking
Source: Thomson Financial  (10/12/07)
"Gold and the precious metals continue to benefit from a combination of bullish factors, including persistent US dollar declines, high oil prices, a resurgence in credit market worries and strong fund and other speculative purchases," said James Steel, an analyst at HSBC. More >

Gold, Copper, Diversified Stocks Hit Records
Source: Mineweb.com  (10/12/07)
This was a week when the Bank Credit Analyst, said the global economy is on a Goldilocks path: "just enough liquidity and just enough growth", which is perceived as "just right" for commodities. Provided the US escapes a recession, analysts at BCA Research argue, the current environment is positive for commodity plays... More >

Gold, Silver Prices May Fall After 2009: GFMS
Source: Bloomberg  (10/12/07)
"I'm not a believer that prices just go up forever,'' Klapwijk said in an interview. "There's going to come a point where you're going to hit the top of the market," said Philip Klapwijk, executive chairman of London-based research company GFMS Ltd. More >

Germany: No Gold Sales in 2008 or 2009, and Why? So What's Left to Sell?
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch  (10/12/07)
Some prominent commentators on the gold market are giving the impression that Germany and possibly Italy, will eventually be sellers of their gold, although not in 2008, even stating that the Bundesbank is ‘not opposed to such sales’...These commentators even say, that German gold sales will eventually begin. We could not disagree more strongly! More >

Gold Continues at Elevated Levels on Dollar Weakness, Higher Oil Prices
Source: Thomson Financial (London)  (10/11/07)
'Nobody seems to want to talk about the fact that the Dow is, itself, at near all-time highs while gold is climbing the wall of worry,' said Kitco analyst, Jon Nadler. 'Someone has to wonder which market blinks first.' More >

Central Bank Gold Sales Near Maximum in 2007
Source: Reuters  (10/11/07)
Central banks which signed the Central Bank Gold Agreement sold 475.75 tonnes of gold in the third year of the agreement ending September 26, said a statement released on Wednesday by the Bank for International Settlements on behalf of the signatories. More >

Ron Miller's Portfolio Action Update
Source: Ron Miller, Morgan Keegan  (10/11/07)
. . . we remain secular bulls on the natural resource sectors. Apparently, some investors still don’t quite understand the global secular demand for natural resources that is being powered by the growth of emerging economies with massive populations. These formerly under developed and primarily agrarian societies are becoming modern producing societies with a growing appetite for consumer goods and services. More >

Gold Shares Will Have Their Day
Source: Mineweb.com  (10/11/07)
Technical cyclist Issy Bacher said gold shares will run on the back of the gold price that first moved past the $500/ounce mark, then breached $720/ounce and is now consolidating before it challenges the $850/ounce level. "Gold shares will have its day, just as every dog has its day. When gold shares are ready to run, even serious problems won't depress it." More >

Gold Higher in London Morning Trade on Dollar, Oil-Related Buying
Source: Platts (London)  (10/11/07)
"Short-term gold is likely to see further consolidation. However the metal appears to have established a base above $720/oz and with the market now in the strongest period for physical demand further weakness will be limited," analyst James Moore said, adding that Bulliondesk.com expected gold to challenge the $800/oz level before year-end... More >

Ira Epstein's Metal Report
Source: Ira Epstein  (10/11/07)
The Dollar is breaking down. Crude Oil is now over $83 a barrel, interest rate futures are in a downtrend and the Subprime issues are ongoing. The perfect storm I have been alluding to is upon us. More >

Macro, Supply/Demand Forecasts Mix could Send Gold Soaring to $1,000/oz
Source: Mineweb.com  (10/9/07)
Noting that 2007 is running $62/oz above the 2006 average of $605/oz, analysts John H. Hill and Graham Wark declared that "we would not be surprised to break its historical highs of $850/oz." More >

NY Gold Futures Turn Up on Physical Buying
Source: Reuters  (10/9/07)
"We have seen some physical buying at the North American open," said Andy Montano, a director of bullion dealer ScotiaMocatta in Toronto. More >

Gold Prices Move Back Higher Again
Source: RTTNews  (10/9/07)
Gold was up Tuesday morning in U.S. trading as the dollar moved back lower against the euro and other major currencies. December gold added $5.50 to trade at $744.20. The rise erased some of the losses from yesterday's session. More >

Gold: Is $1,000 an Ounce in the Offing?
Source: Seeking Alpha  (10/9/07)
John Hathaway, Senior Managing Director and Portfolio Manager of Tocqueville Asset Management, from a recent interview with Barron's online: "..."I don’t think it will take much to get us to $1,000 an ounce. Let’s not forget, in 1980 dollars, gold is less than half of its nominal price today." More >

UBS Upgrades Gold Price Forecast for 2008 and 2009
Source: Thomson Financial  (10/8/07)
"The past twelve months has seen strong jewellery demand growth despite higher prices," said John Reade, UBS metals analyst. "Potential for a weaker US dollar, concerns about the credit crunch and the impressive rally have brought investors back to gold in ways not seen for years, or in the case of safe haven buying, decades." More >

Citigroup Ups Barrick, Gold, Silver Price Targets
Source: Reuters  (10/8/07)
John Hill, director, metals research at Citigroup in San Francisco, said he now expects gold to rise to $750 per ounce for 2009, $800 for 2009 and $820 for 2010. More >

Spot Gold in Hong Kong Spikes on Weaker Dollar
Source: Platts.com  (10/8/07)
Spot gold prices in Hong Kong opened sharply higher yesterday at
$741.50-742.00/oz, compared with Friday's close of $734.40-734.90/oz,
supported by prolonged weakness in the US dollar, according to local traders. More >

Catching A Ride on the Gold Express
Source: The Sydney Morning Herald  (10/6/07)
Gold's strength heralds further gains for physical gold and for shares of mining companies, many analysts and fund managers predict. More >

Volatile Gold Up and Down With the Dollar
Source: Mineweb.com  (10/6/07)
...after hitting a 2-week low, it bounced back $18 on signs of renewed dollar weakness. On Friday it consolidated back up to the low $740s, after a shortlived blip back below $730, and stayed above the $740 level until the markets closed. More >

Gold Bounces Toward $740
Source: Reuters  (10/5/07)
"Over the medium term dollar is likely to weaken," said Matthew Turner, metals analyst at Virtual Metals. "The jobs data is quite erratic and it doesn’t mean that the next data would be as positive. Gold is likely to strengthen over the medium term on a weaker dollar and strong physical demand," he said. More >

Crisis? What Crisis?
Source: David Galland, Casey Research  (10/5/07)
. . .since the Fed’s last cut, major U.S. stock markets have soared to new records. This when they should be crashing!I can’t help wondering how have those still feeding money into the broader stock markets have missed the entire disgruntled foreign dollar holder thing? More >

Spot Gold in Hong Kong Rebounds on US Dollar Weakness
Source: Platts.com  (10/5/07)
Hong Kong gold prices rebounded from earlier losses Friday and opened
sharply higher at $735.60-736.10/oz, compared with Thursday's close of
$725.60-726.10/oz. More >

Gold will Gain in a Capital & Exchange Controlled Climate. Are They on Their Way?
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch  (10/5/07)
In today’s world as we have already seen this year, tsunami-like capital flows can wreak havoc with exchange rates, confidence and global money stability. More >