Streetwise Articles
Is the Fat Lady Still Singing?
Source: Mineweb.com (8/21/07)
...On the fundamental front, established mining stocks continue to offer sound value, when measured against historical metrics...
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July Central Bank Gold Sales Total 67 Tonnes as Swiss Climb in
Source: Mineweb.com (8/21/07)
Switzerland announced recently that it planned to sell 250 tonnes of gold by the end of the 2009 sales period, but the level of sales in July exceeded expectations.
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Gold Price Will Ultimately Benefit from Market Drama
Source: Mineweb.com (8/20/07)
What began as a problem in a small part of the U.S. financial system, subprime mortgages,has become a "crisis of the elites," requiring the type of market fixes, which BMO Global Portfolio Strategist Don Coxe suggested could ultimately be beneficial for the gold price.
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US Sub-Prime Crisis to Boost Gold
Source: Mineweb.com (8/20/07)
Gold's traditional role as a safe haven asset in times of financial turbulence and instability is enforced in the current market as the metal recouped the majority of losses which occurred in a flight to cash in the beginning of August, said Dr. Peter Richardson, strategist of Craton Capital in a recent article.
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Gold, Silver Jump as Dollar Drops on Federal Reserve's Discount Rate
Source: Bloomberg (8/17/07)
Gold futures for December delivery rose $12.90, or 2 percent, to $670.90 an ounce at 9:29 a.m. on the Comex division of the New York Mercantile Exchange. A close at that price would mark the biggest percentage gain since Feb. 21. Before today, the metal gained 3.1 percent this year.
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Silver and Gold Caught in the Dow Downdraft
Source: Seeking Alpha (8/17/07)
The surprise however is gold which has performed admirably in losing only 4.4% during this Dow downdraft. It seems that although investors do not regard these events as our financial hurricane, enough are seeing a hurricane to shore up gold prices with their precautionary buying and holding.
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Lessons from History: The Simple Path to Resource Riches
Source: David Galland, International Speculator (8/17/07)
At the risk of sounding like Iâm on happy pills, Iâm going to use four charts to demonstrate a simple path you can use to make a lot of money with only modest effort and capital.
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Gold and Oil: Are They Real Money Measuring Real Value?
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (8/17/07)
In the face of gyrating currency markets it is difficult to get a real âpriceâ on anything at the moment. We have often asked the question here, what is the price of gold? If it is $670 then we ask, what is the price of the $. Should the $ be valued in gold, the other way round to now? Well the same question should now be asked of oil.
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Time to Buy Gold Stocks
Source: SeekingAlpha (8/16/07)
Gold stocks previously looked unappealing in a world of high and rising production costs, subdued inflation expectations, and wanton disregard for risk. All those factors look set to shift.
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US Dollar Not Indicative of Gold
Source: Seeking Alpha (8/16/07)
We are only seeing the beginning of a new money creation wave by central banks and this is a very bullish situation for gold. But donât wait for gold to explode overnight; sometimes it can take a few months for the fundamental events to filter through the markets.
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Closing the Gap Between Bullion and Gold Stocks
Source: Seeking Alpha (8/16/07)
According to UBS analyst Tony Lesiak, gold needs to break the psychologically important US$700 per ounce barrier, margins must improve, and investors need to see some exploration excitement if the performance gap between bullion and gold stocks is to close.
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Indian Gold Demand Up 72% in 1H 2007
Source: Mineweb.com (8/16/07)
Looked at another way, Indian demand in the second quarter of this year amounted to 317 tonnes, a gain of 91% and equivalent to half global mine output in the quarter.
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ScotiaMocatta Deems Gold Performance âquite erraticâ and Silver Vulnerable
Source: Mineweb.com (8/16/07)
Nevertheless, Scotia noted "there is good physical interest at the lower numbers, a seasonally strong period lies ahead, the funds and ETF buyers have been bullish in recent days and overall the dollar looks set to head lower as it continues to adjust to the global imbalances."
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My View on HUI and Gold
Source: Thomas Tan, CFA (8/16/07)
Even with what has happened during last several weeks, I am still expecting this consolidation phase to end soon, and that second half of 2007 will be a good up market for gold, silver and HUI. In 2008 too. Buying during a dip and holding has been a good strategy during last seven years in this gold and mining market, so donât panic. A great opportunity and turning point might be right in front of us.
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Don't Focus on the US Dollar
Source: 321gold.com (8/14/07)
Performance of gold is often associated with that of the US dollar. Yes, gold is denominated in the dollar and mostly moves in the opposite direction of the dollar index. But this is only a partial truth and not the essence of the subject matter.
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How Did Gold Do During This Correction?
Source: Seeking Alpha (8/14/07)
In the wake of last week's volatility, the newspapers and Web sites are full of bullish commentary on gold.
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Gold is More Than a Safe Haven Play
Source: Seeking Alpha (8/14/07)
...with the motion sickness caused by markets' gyrations it is easy to overlook how well gold has actually performed relative to equities in general.
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A Response to Those Who Think Gold Investing Doesn't Make Sense
Source: Seeking Alpha (8/14/07)
...my view is that gold has done very well in hard down markets, and that's what we could be looking at here. So what harm could there possibly be in that small hedge?
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Six Reasons Why You Should Own Gold Now
Source: Mineralstox.com (8/14/07)
...These market fluctuations are just short term noise. Please look longer than 6 days down the road for your portfolio to gain maximum percentages as we forge ahead in the biggest resource boom we will possibly ever see in the history of mankind.
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The Unfolding Crisis - An Interview with Doug Casey
Source: Casey Research (8/13/07)
Doug Casey, chairman of Casey Research is a renowned investor, best-selling author and editor of the monthly newsletter International Speculator. With global markets in turmoil, we turned to Doug to give us his interpretation of the big picture.
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Gold, Silver Gain as Investors Seek Haven From Subprime Losses
Source: Bloomberg (8/10/07)
"People are going to the safest thing they can get," said Marty McNeill, a trader at R.F. Lafferty Inc. in New York. Gold is a safe haven at this point."
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The Aborted Italian Gold Sales Plan
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch (8/10/07)
The reality was suddenly the government of Italy wanted to put their hand into the countryâs coffers in an exercise that would never have solved the countryâs debt problems.
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Global Liquidity Worries Rattle Gold, Oil, Copper
Source: Mineweb.com (8/9/07)
Gold's status as a safe investment has dwindled in recent months because it has become much more integrated into widely diversified portfolios. When investors trim these portfolios they sell commodities including gold.
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Panning Market Volatility
Source: Mineweb (8/8/07)
Despite conventional wisdom, commodity and metal prices are not about to go into carnage mode.
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Spain's Central Bank sells Another 25 Tonnes of Gold
Source: Mineweb.com (8/7/07)
It had originally been suggested that the Bank of Spain would, having sold roughly 100 tonnes between February and June, stop there. Clearly this was not the case...
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