Not Thinking Clearly

"Anyone who questions the wisdom of gold is not thinking clearly."

There's no denying gold's caught the fancy of most investors. And gold bugs are ever more serious about gold's skyrocketing intrinsic value.

If you think it's too late to jump on the gold bandwagon, you'll get a lot of contrary opinion—even though gold dipped on the USD's rally Tuesday. The greenback surged due in part to China's interest rates boost.

"The China interest-rate story caused some selling in gold, but it still remains above its bullish trendline," says Gold and Energy Advisor Editor James DiGeorgia. He notes gold's climb is tied to the value of the USD—not the U.S. inflation rate. And of course, the USD's value is linked to the full faith and credit of the U.S. government.

"It's the level of faith and credit of the U.S. government that's become a growing problem in the past 10 years, as gold has steadily risen," says DiGeorgia.

"Anyone who questions the wisdom of owning gold is not thinking clearly," says Investment and Research Consultant Charles Laloggia, who argues the only thing that will stop gold from continuing to rise relative to the dollar is when the Fed decides to raise short-term interest rates to more historically reasonable levels. "That's not going to happen anytime soon," he predicts.

Even the big Wall Street houses are bullish on gold. ""We expect the price of gold to continue to climb," says Goldman Sachs Global Investment Research Division in a note to investors. Goldman raised its 12-month price forecast to $1,650/oz. "With the prospects for another round of quantitative easing in the U.S. increasingly strong, U.S. real interest rates continue to fall," notes Goldman. The Fed's "return to QE will likely be a strong catalyst. . .and we expect the gold price rally to continue until U.S. monetary policy begins to tighten."

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"

Latin America: Six Gold Juniors Amass 100M+ Ounces
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.

Where Have All the Gold Mines Gone?
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.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

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. . .

It's Only the Beginning for Uranium
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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