Streetwise Gold Articles
Does Central Bank Gold Buying Signal the Top Is Near?
Source: Jeff Clark, Casey Research (7/13/12)
"The World Gold Council is so confident that central banks will continue to buy gold that it's changed its reporting structure: It's added 'official sector purchases' as a new element of gold demand, while eliminating 'official sector sales' as a negative supply factor."
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Precious Metals in Summer Doldrums
Source: Adam Hamilton, Zeal Intelligence (7/13/12)
"While worldwide gold demand sees big spikes in autumn, winter and spring for various income cycle and cultural reasons, there are simply none during the summer."
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What the GLD ETF Chart Tells Us About Gold
Source: David Banister, The Market Trend Forecast (7/12/12)
"What gold needs to do, in terms of the GLD ETF, is clear the 158 hurdle on a closing basis to set the stage for a new advance."
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Employment in the Mining Industry Is a Pocket of Strength
Source: Frank Holmes, U.S. Global Investors (7/12/12)
"U.S. employment in the mining sector has increased 16%. This change is far better than any other sector, according to data from the Bureau of Labor Statistics."
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Sprott Sees Record Gold Price in 2012
Source: Bloomberg, Liezel Hill (7/12/12)
"Eric Sprott, the founder and chairman of Canadian fund manager Sprott Inc., expects bullion will rise as investors seek the safest assets while governments spend to stimulate their economies, increasing chances that inflation will accelerate."
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Too Close to Call
Source: Toby Connor, Gold Scents (7/12/12)
"For the bulls, the S&P needs to move above $1,375, the CRB commodities index must generate another leg up and gold must make a higher high by reclaiming the $1,622/oz level. These are the bullish lines in the sand."
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Short Supply, High Demand for Platinum Group Metals: George Topping and Michael Scoon
Source: Brian Sylvester of The Gold Report (7/11/12)
Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening. Senior Mining Analyst and Managing Director at Stifel Nicolaus in Toronto, George Topping believes that companies with shallow deposits and near-term production will be prime targets. In this exclusive interview with The Gold Report, Topping and Associate Analyst Michael Scoon discuss how supply shortages are shaping the landscape for platinum group metals and some bulk commodities.
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US Gold Production Declines During April
Source: Kitco, Allen Sykora (7/11/12)
"U.S. mines produced 17,400kg of gold in April, a 7% decrease compared with revised March production of 18,800kg, the U.S. Geological Survey reported."
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Grade Is King: Andrew Richmond
Source: Brian Sylvester of The Gold Report (7/11/12)
It's time for investors to brush up on their knowledge of NI-43-101-compliant resources and deposit grades with one of the world's foremost experts. Andrew Richmond, a principal at geological consulting firm Martlet Consultants in Brisbane, Australia, discusses the importance of grade, selectivity and size in establishing the economic value of deposits in this exclusive interview with The Gold Report.
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Gold Subject to High Emotions in Quiet Market
Source: Ben Traynor, BullionVault (7/11/12)
"Having seen sharp falls during Tuesday's U.S. trading, gold prices regained some lost ground Wednesday morning, climbing as high as $1,583/oz, while stocks and commodities were broadly flat and U.S. Treasuries dipped."
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Gold Protocol to Sideline Informal Miners
Source: Miningmx, Dewald van Rensburg (7/11/12)
"The world's major gold producers seek to draw an iron curtain between their mines and Africa's enormous, varied, informal gold industry."
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Un-Scary Reasons to Add Gold
Source: Adrian Ash, BullionVault (7/11/12)
"The World Gold Council's analysis points to gold's value in a diversified portfolio."
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Is Gold Stuck in Bizarro Land?
Source: Eric McWhinnie, Wall St. Cheat Sheet (7/11/12)
"Gold and silver are simply waiting for stronger easing actions to warrant higher prices. As growth rates, unemployment levels and equity prices continue to struggle, it appears that it is only a matter of time before the Fed or ECB take more definitive actions to secure the lead in the race to debase fiat currencies."
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This Gold Price Cycle Shows We're Headed for a Rise
Source: Diane Alter, Money Morning (7/10/12)
"Gold prices may be choppy until the Eurozone's picture comes more into focus, but gold's past is a good indicator that investors will revisit an asset that can hold its value and can be counted on for liquidity."
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Junior Feeding Frenzy on the Horizon
Source: Geoff Candy, Mineweb (7/10/12)
"According to Benjamin Cox, a lot of junior miners will be taken out this fall as majors look to replenish ounces at some of the cheapest levels seen in a very long time."
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Gold Miners are Cheap, Cheap, Cheap!
Source: Chris Mayer, The Daily Reckoning (7/10/12)
"I am bullish on gold miners. . .but with one very large qualification: They must produce positive cash flow."
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Gold Climbs Back After Weak Jobs Report
Source: The Street, Joe Deaux (7/9/12)
"Gold prices were trading slightly higher Monday as investors continued to let the dust settle from Friday's labor report. 'Prices have firmed a little bit and sentiment seems to be improving,' said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital."
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James West's Secrets for Finding Tenbaggers
Source: Brian Sylvester of The Gold Report (7/9/12)
Despite some rotten apples in the past, good, ethical promoters are "essential to the life cycle of public companies," according to James West, author and publisher of the Midas Letter. The best of them tell a credible story about the company's structure, finances and deposit. When promoters do their jobs and investors do their homework, everyone stands to benefit from the legendary "tenbaggers," such as those that West shares in this exclusive Gold Report interview.
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Can Gold, Silver Prices Rise in a Growing Global Economy?
Source: Julian Phillips, Gold Forecaster (7/9/12)
"Central bank demand is a very significant contributor to gold demand and will continue to be so for the foreseeable future. In this case then, economic growth has a direct link to the gold price."
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Weak Jobs May Mean More Printing and Higher Precious Metals Prices
Source: Jeb Handwerger, Gold Stock Trades (7/9/12)
"Gold and silver have been recently moving higher based on the Eurozone and stocks breathing a sigh of relief as the summit came up with a purported solution to reduce funding costs, particularly for Italy and Spain, worth $149B."
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Gold Alternating Between Up and Down Weeks
Source: Ben Traynor, BullionVault (7/9/12)
"Gold prices held above $1,580/oz Monday morning in London, broadly in line with last week's close."
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Miners Say Resource Nationalism Still the Number One Risk
Source: Dorothy Kosich, Mineweb (7/9/12)
"In its report 'Business risks facing mining and metals 2012–2013,' E&Y's Global Mining and Metals Group outlines the top 10 business risks for mining and metals. Resource nationalism, skills shortage and infrastructure access top the list."
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Burma Forms First Public Gold Company
Source: BullionStreet (7/9/12)
"Burma, now known as Myanmar, launched its first public gold company with the stated aim of protecting small- and medium-size enterprises against foreign competition."
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World Gold Council Sees China's Gold Demand Rising 13%
Source: Bloomberg (7/9/12)
"Gold demand in China, the second largest user after India last year, may expand 13% in 2012, the World Gold Council said."
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Gold Stocks Compared to Past Bull Markets
Source: Jordan Roy-Byrne, Gold Stock Trades (7/9/12)
"Things are on par with the past and gold stocks are right on track."
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