Streetwise Articles
NMA Forecasts Continued Gold Bull Market, Record U.S. Coal Production
Source: Mineweb.com (1/30/07)
In a survey for the National Mining Association, respected economist and mining policy expert Connie Holmes forecasts that U.S. coal production will set a record this year with gold continuing to enjoy its longest bull market in decades.
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Junior Mining Index Starts Trade
Source: businessday.com (1/29/07)
Investors can now tap into the spectacular growth of junior mining and exploration companies with an index that tracks 30 JSE-listed companies in the form of a futures contract listed on the JSE.
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Gold at $640, Silver At $13.55
Source: Reuters (1/28/07)
According to Reuters,...silver tracking dollar touched a six-month high at $13.55 an ounce...
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Gold Investment: Should You Buy Gold Or Gold Stocks?
Source: Mineweb.com (1/28/07)
He (Senior Fund Manager, Peter Major of South Africa's Cadiz Asset Management) argues that, for an investor with a long-term, buy-and-hold strategy, who wishes to have gold exposure, it may be more sensible to be holding gold bullion.
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Gold Falls Below $650 But Seen Rebounding
Source: Reuters (1/26/07)
Gold eased on profit-taking on Friday but dealers said a recovery in oil might push the metal beyond its recent five-month high of $654 an ounce.
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Decline Ahead? TGR Interviews Steven Hochberg, Elliott Wave Intl.
Source: The Gold Report (1/25/07)
Steven Hochberg, a close associate of Robert Prechter and Chief Market Analyst for Elliott Wave International in Gainesville, Georgia, is also co-editor of the financial newsletter The Elliott Wave Financial Forecast and Short Term Update. Here The Gold Report gets his latest insights on the outlook for gold according to the Elliott Wave Theory.
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Guessing Game
Source: The Gold Report (1/25/07)
Anticipating what gold will do amounts to predicting the future, which is always fraught with risk. But that doesn’t discourage many of gold’s dedicated followers–from distinguished experts and analysts to dedicated aficionados—from going public with their opinions on where gold is headed in the coming year.
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The Gold Price-Fixing Conspiracy
Source: Doug Casey, International Speculator (1/25/07)
For many years now, a number of people in the financial arena have been alleging that there is an active conspiracy to suppress the price of gold. Some see it as a sinister backroom affair. Others claim that it’s just the way the world works, and that it happens right out in the open, if only you know where to look. Among the latter is the Gold Anti-Trust Action Committee (GATA). . .
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Will Women Choose Botox Or Boob Jobs Over Gold?
Source: Mineweb.com (1/25/07)
...Meanwhile, gold jewelry demand experienced its worst year in 2006 since records were set in 1997...
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Bullion Strong In Tight Range Amid Mixed Technical Picture
Source: Platts.com (1/23/07)
Bullion continued to trade in its $630-640/oz range Tuesday as bulls seek another test of resistance, having failed in New York trade overnight.
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Gold Climbs To Highest In Almost Three Weeks As Dollar Declines
Source: Bloomberg (1/23/07)
...Gold generally moves in the opposite direction of the dollar, which fell against the euro and tumbled to the lowest since 1992 against the pound.
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BMO Forecasts Commodity Bull Run Decline, Flat Metals Prices
Source: Mineweb.com (1/22/07)
BMO Financial Group has forecast the end of the four-year bull run for commodity prices, and declared that “the outlook for commodity prices in 2007 is mixed.”
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Gold Ticks Higher In Europe; Weaker Oil Weighs
Source: Reuters (1/19/07)
According to Reuters, spot gold hit an intraday high of $629.00 an ounce and was at $628.50/629.50 by 1059 GMT, against $628.00/629.00 in New York late on Thursday.
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London's GFMS Sees Gold Price Hitting $670
Source: Business Day (1/19/07)
According to Business Day, London-based minerals consultancy GFMS expects the gold price to reach $670/oz in the first half of this year, although it doubts whether the recent peak of $725/oz will be exceeded
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Silver In 2007: Even The Bears Are Largely Bullish
Source: Mineweb (1/19/07)
...Unanimously, all the 25 analysts who contributed to the LBMA silver forecasts predict a 2007 high of comfortably above the current price level with estimates of from $13.50 to $20 with an overall average of a little over $15, which means that, should any of these levels be reached there is good opportunity for the clever investor who can pick the peak to make a decent return.
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GFMS: Gold Price To Rise On Growth Of Investor Interest
Source: Mineweb.com (1/18/07)
According to Mineweb.com, FMS Ltd, in its second (January 2007) update to the Gold Survey 2006, believes that the gold price should track higher over the coming months and that investment activity would be the prime driver of any such rally.
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BMO’s Coxe Advocates Overweighted Positions In Gold, Base Metals
Source: Mineweb (1/16/07)
According to Mineweb, he (G.M. Coxe)proposed that “gold’s true value these days is not as an inflation hedge, but as a protection against serious problems for the dollar and/or the financial system.”
Gold's Dips Will Be Supported
Source: FIN24 (1/16/07)
According to FIN24, gold was still trading near two-week highs by the time the US market had opened on Tuesday and market watchers predict that dips would be supported.
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Gold: A Long-Term Bull Market In Sight
Source: Mineweb.com (1/16/07)
According to Mineweb.com, gold bugs will be relieved by the finding that the long-term uptrend in gold prices remains intact; the caveat is that investors should wait before buying.
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China Gold Trade And Consumption Seen As Increasing Dramatically
Source: Mineweb (1/15/07)
According to Mineweb, as more and more of a consumer society develops we would anticipate demand growing more rapidly than supply with a corresponding positive impact on the metal price.
Mineweb Reader Gold Price Prediction Competition
Source: Mineweb (1/13/07)
...Mineweb's editor will stick his own neck on the line with the following gold price predictions for 2007: Average: $711; High: $848; Low $608; Year-end: $762.
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Gold, Silver, Platinum and Palladium Price Forecasts For 2007
Source: Mineweb.com (1/11/07)
According to Mineweb.com, Ross Norman of the bulliondesk.com is universally bullish on the precious metals prices again this year...
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Gold Prices Will Rise In 2007 Then Decline In 2008: CPM
Source: Platts.com (1/10/07)
According to Platt, the CPM Group report stated that "Demand from investors should remain strong as gold continues to be seen as a currency hedge, an inflation hedge, an alternative investment, a safe haven, a commodity, and form of savings."
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Gold M&A Hit Record $19.3 Billion In 2006
Source: Mineweb.com (1/10/07)
According to Mineweb.com, a recent review published by Merrill Lynch established that the total dollar value of global gold mining mergers and acquisitions was a record $19.3 billion in 2006, or three times the total 2003 gold company M&A transaction value.
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A Frightening Worldwide Currency Crisis
Source: David Morgan, Silver Investor (1/9/07)
I was asked to reenact a dramatic scene from the movie Rollover (1981), which is a rather frightening worldwide currency crisis, depicted when oil money is withdrawn from the banking system. Although a total hypothetical scenario, it brings into crystal clear focus what systemic risk is all about.
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