WSJ Finally Notices Gold Bull Market

Source: GoldSeek, Rick Ackerman (9/30/10)

"Skeptics' arguments are so feeble that gold bulls should only laugh."

Should we be worried now that The Wall Street Journal has "discovered" the bull market in gold? Relax. This bull market has years to go. It's so powerful, in fact, that it will easily be able to shrug off yesterday's front-page headline in The Journal: Gold Vaults to New High and continue into the ozone. With the gold price up 353% since 2000, WSJ was bound to notice the bull market sooner or later..

A related headline on page two further qualified gold's leap to new record highs as being related to "global worries." This is true, but it overlooks the fact that gold has risen even in the years we weren't so worried. And that is what we like most about the bull market in bullion—whatever investment "story" has been out there over the last decade, gold as an asset class has led the pack. It has flourished during periods of both inflation and deflation worries. The rally has weathered good economic times and bad, high and low unemployment and a secular decline in interest rates. Gold has performed well when corporate bonds were in favor, and when they were not. Its price rose when muni bonds and Treasuries were all the rage, and when both were out of favor. Neither hell nor high water will diminish gold's allure.

How could WSJ not notice when gold's price has quintupled off the lows? But the arguments skeptics are trotting out are so feeble that gold bulls should only laugh. For instance, a J.P. Morgan broker was quoted as saying "a change in investor attitudes could cause a significant correction in gold prices." (This from a spokesman for a firm which, in its role as bullion banker, makes huge profits by lending out gold promiscuously.)

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

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Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

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Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

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Source: Reuters (12/20/2008)

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I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

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Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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