Asia’s Golden Age
Source: Casey Files - David Galland  (6/8/07)
I am often asked by subscribers why I’m so sure the economy of China is going to continue on a roll, in turn keeping demand high for commodities in general, and precious metals in particular. More >

Technical Issues Drive Gold Price Down but Fundamentals Remain Sound
Source: Mineweb.com  (6/8/07)
It is our belief that the lack of supply entering the market will be one of the major price drivers in the next leg up of the bull market in gold, assuming even a flat to slightly down demand component in the market moving forward. More >

Central Bank Gold Sales Excitement!
Source: Mineweb.com  (6/6/07)
...even during the Bank of England and Bank of Switzerland gold purge from 1999-2004, no three-month tally during the CBGA has been as high as 170 tonnes of sales into the market. The fact that the price has held up during this sharp increase is nothing short of remarkable and should highlight for even the market novice the underlying strength in the market. More >

Cheap Gold Nearing Its End, Cheap Money Growing Greater
Source: Seeking Alpha  (6/5/07)
Now replaced by Dollars, Euros, Sterling, Yen and Swiss Francs in the global marketplace, however, gold still retains its ability to freeze wealth for the future. For only physical gold bullion remains in limited supply. More >

Silver Set to Shine: The (Very) Long Term View
Source: Seeking Alpha  (6/4/07)
In 48 years silver gained 200 fold over its competing assets. In the next 48 years between 1993 and some time around 2040 we may see silver grow 200 fold again to spike at $700 an ounce ($3.50 multiplied by 200). More >

Silver Continues to be Extremely Bullish
Source: Seeking Alpha  (6/3/07)
According to a recent report from NanoMarkets, a leading industry analyst firm based in California, the market for silver conductive inks is expected to rise from the current 176 million dollars per annum to 1.2 billion dollars during next 7 years. More >

Buy Oil Producers, Mining Suppliers, Not the Commodities Says ETF Analyst
Source: MarketWatch  (6/3/07)
Once again, it's the makers of tools and equipment to unearth and refine oil, gold and industrial metals that are posting the strongest gains. More >

UBS Worries that Gold May Be Losing its Luster
Source: Mineweb  (6/1/07)
Overall, we are growing more concerned that North American gold equities may have lost their relative multiple advantage over other commodity producers and may offer less portfolio protection in the event of a broader equity market downturn," the analysts said. More >

Gold Price $666/oz. And Rising
Source: Seeking Alpha  (6/1/07)
Oil down, gold up - and still the mass of investors, led by Wall Street, can't figure out what's driving this six-year bull market in bullion. More >

Kuwait Breaks the Peg
Source: Casey Research - Big Gold  (6/1/07)
Years ago, I recollect hearing a successful currency speculator say that if you wanted to know what a government is going to do with its currency, listen to what they say they aren't going to do. . .then expect the opposite. - David Galland, Editor Big Gold More >

New Demand for Gold from Diesel Engine Pollution Control Catalysts
Source: Mineweb.com  (5/31/07)
A new demand stream for gold could be created if recently unveiled gold-containing catalysts are applied to control diesel vehicle pollution. More >

Gold Market Has the Strength to Support Price at $630/ounce
Source: Mineweb.com  (5/30/07)
The Yellow Book, a twice yearly analysis of global fundamentals and outlook for the gold market, says the risk of sharply lower prices over this period lies mainly in external scenarios of a recovery in the American dollar or a fall in global shares, which remain unlikely. More >

Gold Bullion Continues Upward While Equities Take It on the Chin
Source: Mineweb.com  (5/30/07)
Toronto’s National Bank Financial Equity Research Division has revised its 2007 & 2008 gold forecast to $675/oz, $625/oz for 2009, $575/oz for 2010 and $525/oz long term. More >

New Market for Silver Could be Worth $1.2B in Electronics Sector
Source: Mineweb.com  (5/30/07)
In the report, "Silver powders and Inks for Printable Electronics: 2007-2014," industry analyst firm NanoMarkets said the electronics industry already consumes 109 million ounces of silver yearly in a market worth $1.4 billion based on silver prices over $13/oz. More >

Steven Hochberg, Elliott Wave International, on What's Going on With Gold
Source: The Gold Report  (5/29/07)
Given gold's recent volatility, what is the Wave Principle forecasting now with regard to future market behavior? Are the wave patterns suggesting what the market is likely to do or not do over the coming six months? Steven Hochberg, Chief Market Analyst for Elliott Wave International, gives The Gold Report his insights. More >

Gold, Silver Futures Climb as Euro Strengthens Against Dollar
Source: Bloomberg  (5/29/07)
Gold generally moves in tandem with the euro, which gained on speculation that policy makers in the 13-nation region will increase interest rates this year. More >

South African Gold Production Falls by 7.6% in First Quarter
Source: Mineweb.com  (5/28/07)
The year-on-year decline in the average grade mined to 4.32 grams per ton was facilitated by the 17.4% increase in the US gold price to US$650/ounce and the 17.6% depreciation in the South African rand to R7.23/US$. More >

Should Central Banks Manipulate the Gold Price?
Source: Mineweb.com  (5/27/07)
...If indeed there is a concerted effort by banks to defuse the rise in gold price, it is perhaps not so much an anti-gold move, though, but an attempt to protect currencies and defuse the prospect of a total collapse in the US dollar... More >

Gold and Silver Bells Are Ringing
Source: SeekingAlpha.com  (5/24/07)
The money needed for gold to rise is already in the system. According to a recent report in the Economist, the money supply in the following countries is rising at a rate in excess of 8% per year: Australia, Britain, Canada, China (19%), Denmark, Euro-land, Sweden and the United States. According to sources who track the US M3, that measure is currently rising by 15% per annum. More >

HSBC Analyst Victor Flores on Gold
Source: The Gold Report  (5/23/07)
The Gold Report recently caught up with analyst Victor Flores of HSBC Global Research in New York. In January, Victor and his research team produced the 17th edition of The Senior Gold Book: Bridging the Gap.Victor shares his thoughts on how the sector is faring as we approach mid-year, and what factors are affecting gold companies' performance. More >

World Silver Survey Forecasts Continuation of Double-Digit Silver Prices
Source: Mineweb.com  (5/23/07)
The World Silver Survey 2007, released today by the Silver Institute, forecasts that the current fundamental/supply demand picture for silver is "at least supportive of prices well into double-digits," in the absence of a major externally-driven setback to industrial demand. More >

Gold Market Having Problems Digesting High ECB Sales Levels
Source: Mineweb.com  (5/23/07)
...For a point of reference, ECB banks have not sold this much gold in such a short time period in the life of the 2nd CBGA. In the last ten weeks, ECB banks have sold over 120 tonnes of gold into the market ($1.9 billion in euros or $2.55 billion in dollars). More >

$200bn Commodities "Super Cycle" Intact
Source: Mineweb.com  (5/21/07)
Bears are now poised again to end this year with bloody noses. According to an analysis by Daniel Raab, MD of AIG Financial Products Corp., investors have this year already placed $8bn into commodities, metals and related indexes. More >

Big Four Gold Mining Nations are Rapidly Losing their Status
Source: Mineweb.com  (5/21/07)
London-based gold industry publisher and commentator Paul Burton told an industry conference in Perth today that the pattern of global production had shifted away from the perceived big four producers - South Africa, the United States, Australia and Canada. More >

Spain's Savings Spent
Source: Julian D.W. Phillips, Gold Forecaster - Global Watch  (5/21/07)
The Banco de Espana's holdings of foreign currencies and gold have fallen to €13.2bn (£9.02bn), equivalent to 12 days of imports, according to their website. Last week saw a continuation of their sales of gold of, possibly, in the region of 10 to 15 tonnes more. More >