Streetwise Gold Articles

Bernanke Keeps the Stock Market Waiting for QE3
Source: Ben Gersten, Money Morning (7/17/12)
"Some are beginning to wonder if QE3 will ever happen and how much worse things have to get before we see it."
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A Historic Window of Opportunity in Mongolia: James Passin
Source: Brian Sylvester of The Gold Report (7/16/12)
Investor fears about mining stocks are misplaced, says James Passin, a hedge fund manager with New York-based Firebird Management, especially if those companies are mining in Mongolia. Firebird manages a portfolio of private equity funds that invest in Mongolia, one of the fastest growing economies with some of the most extensive, untapped resources in the world. The country is already home to the largest copper deposit and in this exclusive Gold Report interview, Passin explains why there is potential for dozens more similar finds.
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Gold Market 'Nervous and Thin' Ahead of Bernanke Testimony
Source: Ben Traynor, BullionVault (7/16/12)
"'Keep an eye on the dollar and the stock market for clues as to the next direction [for gold],' says David Govett, precious metals manager at brokers Marex Spectron."
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Australian Mining Boom Generates Huge Wealth
Source: The Telegraph, Jonathan Pearlman (7/16/12)
"Western Australia, which contains 13 of the nation's richest towns, is the center of the mining boom."
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Zimbabwe Jan–June Gold Output Up 29%
Source: Reuters, MacDonald Dzirutwe (7/16/12)
"The southern African nation's gold mining sector is recovering from an economic crisis that peaked in 2008 when hyperinflation reached 500 billion percent and forced most mines to shut."
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Diversify Your Precious Metals
Source: Financial Chronicle, Sangeetha G. (7/15/12)
"Gold is an essential part of any investment portfolio, but silver and platinum may serve the same purpose, even though they are also used in industrial manufacturing."
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The Next Major Move in Precious Metals Is Close
Source: Chris Vermeulen, The Gold and Oil Guy (7/13/12)
"I am still a firm believer that gold in most respects is a currency and the only one that can maintain its value. There are very serious issues looming in Europe and across the world that are far from resolution. With few tools left in the toolbox to stimulate world economies, further easing can never be ruled out."
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When Will Gold Stocks Start to Sparkle?
Source: Bob Kirtley, SK Options Trading (7/13/12)
"We need a turnaround in sentiment to cause gold prices to rally strongly thus setting the stage for a massive rebound in the mining sector."
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Gold Now Flat on a Year Ago
Source: Adrian Ash, BullionVault (7/13/12)
"Barring a sharp jump in the next two weeks, gold in dollars will soon be so far underwater, it'll be drowning compared to the record highs of August and September 2011."
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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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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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