Streetwise Articles
Gold Stock “Buy” Signal Pops Up
Source: Mineweb.com(4/18/07)
The gold-XAU ratio currently stands at 4.7 times. The ratio at this level has typically signalled a 20 to 25% upside in gold stocks for those with a one-year holding period...
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Canada's Mining Industry Continuing to Boom
Source: resourceinvestor.com(4/18/07)
It is also interesting to note that the proportion of spending between juniors and seniors continues to shift in favour of the former, and in 2006, juniors accounted for 50% of companies with spending commitments in excess of $10 million.
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Gold Falls off 11-Month High; Analyst Firmly Upbeat
Source: fxstreet.com(4/17/07)
Gold retreated as the market paused for breath after climbing to an 11-month high in late New York trades yesterday.
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Gold Climbs Higher in Early London Trade, Support at $680/oz
Source: Platts(4/16/07)
Standard Bank London said in a morning report that the outlook for gold was still biased toward higher prices, and support was expected to hold at the previous resistance level of $680/oz.
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GFMS Gold Survey Calls For New High
Source: Seeking Alpha(4/16/07)
GFMS took the wraps off its much anticipated Gold Survey 2007 report, unveiling a bullish call for gold to move above its 2006 high of $725/ounce by the end of this year.
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Metal Gurus Get into Gold
Source: telegraph.co.uk(4/16/07)
Britain's best-performing fund manager over the past three years has got the gold bug once again and has increased his exposure to the glittering commodity.
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Gold Gains as Dollar at 2-Year Low Versus Euro; Silver Drops
Source: Bloomberg(4/13/07)
"Gold will have a pop higher today,"James Moore, a precious-metals analyst with TheBullionDesk.com, said in an interview. "The U.S. trade deficit has been a substantial figure for quite some time now, and it keeps on getting larger," pushing the dollar lower and gold higher, he said.
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NY Gold Surges as US Dollar Falters
Source: Dow Jones Newswires(4/13/07)
Technically, gold has been drawing buying interest since spot metal broke up through resistance around $666 earlier this spring, said Peter Grandich,analyst and publisher of the Grandich Letter.
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Gold Mine Production Costs up by 17% in 2006 While Output Fell
Source: Mineweb.com(4/13/07)
GFMS notes that with few exceptions producers have emphasised the challenges of increased procurement costs of essential infrastructure, including diesel, tyres and extraction reagents.
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How to Select a Junior Precious Metals Company
Source: Mineweb.com(4/12/07)
One fundamental to keep in mind when investing in a junior precious metals company, such as a platinum explorer, is that the company possesses exploration potential and consequently does not show a strong correlation to commodity price movements.
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Top Gold Consultancy Warns of Overstating Price Correlation Between Gold and Oil
Source: Mineweb.com(4/12/07)
The group points out that the apparent links between the price of gold and various other assets display "significant" variation over time.
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Technical Speculator: The Gold Sector Starts a New 13-Week Cycle
Source: Canoe Money(4/11/07)
With a new 13-week trading cycle developing in the first half of April, a price peak can be anticipated mid-point (second half of May) at a level of near $720.
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Gold, Silver Gain on Demand for Alternative as Dollar Declines
Source: Bloomberg(4/10/07)
Gold and silver rose on speculation declines in the dollar will spur investor demand for the metal as an alternative to stocks and bonds.
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Shares Pale in the Shadow of Strong, ETF-Fueled Gold Bullion Prices
Source: Mineweb.com(4/10/07)
Citing a "widening dichotomy between strong bullion price benefiting from over $20 billion invested in ETFs while common shares remain dull, the Prudential Equity Group has rated the gold industry as "NEUTRAL."
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Japanese Exchange to Offer Gold-Based Trading Fund
Source: Bloomberg(4/6/07)
The fund, which is linked to gold prices, was being created by one of the largest investment trusts in Japan, and would have net assets under management of ¥3 billion to ¥5 billion, or $25 million to $42 million, said Kotaro Yamazawa, an executive at the exchange.
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Balance of Probabilities Favours Gold at $730 by Year-End
Source: Mineweb.com(4/6/07)
Furthermore, trend analysis shows that mining equities, as measured by the XAU index, are undervalued, both with respect to gold and, more importantly, with respect to the S+P 500.
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ScotiaMocatta Survey Calls for Mixed Gold, Silver Market Prospects
Source: Mineweb(4/6/07)
Clients surveyed by ScotiaMocatta offered three-month forecasts for gold and silver, which range, respectively from US$575 to $759/oz, and US$10 to $16.30/oz. Twelve-month gold and silver forecasts range from $500 to $875/oz, and $9.50-$20/oz.
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Fund Manager Gets Big Gains in Emerging Markets, Metals and Oil
Source: Investor's Business Daily(4/5/07)
"The vision is to be branded as the go-to company in emerging markets and resources," said Frank Holmes, CEO and chief investment officer of U.S. Global Resources. Recent fund performance cemented its reputation.
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Gold Price Shrugs Off Bigger Central Bank Sales
Source: Mineweb.com(4/4/07)
...central bank selling now is confirmed as the reason the gold market has not been reflecting the market conditions that should be pushing prices higher.
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Gold to Post Fresh Highs in 2007 and 2008?
Source: ResourceInvestor.com(4/4/07)
There is a good chance that the market in 2007 will exceed the 2006 high of $725.
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US Gold Ends Up on Pre-Holiday Buying, Weak Dollar
Source: Reuters(4/4/07)
U.S. gold futures finished just $2 higher on Thursday, despite the dollar's slide against the euro, as investors covered shorts and added to their long positions ahead of a long holiday weekend.
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Gold the Key to ‘Tremendous Year’ for TSX-V Junior Miners, Explorers
Source: Mineweb.com(4/3/07)
Companies that mine or search for gold account for approximately 60% of the market. Four of the five largest TSX-V companies list gold as their commodity of focus.
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Seven Reasons Why Gold Should Surge
Source: Marketwatch.com(4/1/07)
.... Investment demand is booming: Reuters reports that worldwide investment demand for gold should remain at historically high levels this year, with investors continuing to buy large volumes of gold in bullion, coin and jewelry..
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Gold Rises Amid Strong Crude, Political Tensions, Steady Dollar
Source: Interactive Investor(3/30/07)
The precious metal was steadier this morning, having lost nearly 1 pct yesterday, after strong US data lifted the dollar -- and pressured gold prices lower.
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Gold Recovers from Overnight Lows, Faces Upside Pressures
Source: Platts(3/30/07)
One Continental Europe-based trader said that he was not overtly bullish about its upside prospects. "I'm not too optimistic, it is being held up by Iran. Resistance at $667/oz is very strong but if we do get above that then it should be an easier run to $700/oz," the trader said...
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