Streetwise Gold Articles

Gold Bugs Defy Bear-Market Threat with Soros Buying
Source: Bloomberg, Nicholas Larkin and Debarati Roy (6/6/12)
"Billionaire George Soros bought more in the first quarter and hedge-fund manager John Paulson held on to the biggest stake in the SPDR Gold Trust, the largest exchange-traded product backed by bullion, Securities and Exchange Commission filings show."
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On Jelly Donuts and Gold
Source: Eric Fry, The Daily Reckoning (6/6/12)
"Gold is not merely a great thing to own amidst extreme circumstances. It can also be a great thing to own amidst merely marginal circumstances, for example, if you happen to be living during the tail end of one of the most powerful, world-dominating economic expansions in human history. . .rather than at the beginning of it."
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Gold Standard, Gold Futures and Perception Management
Source: James West, The Midas Letter (6/6/12)
"Gold is the buy for the long term. Gut-wrenching plunges in the price should be expected and ignored, except perhaps to buy more on such dips."
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Gold: A Modest Proposal
Source: Paul Tustain, BullionVault (6/6/12)
"For the time being, London remains the world center for professional bullion trading, thanks to its time-zone advantage and its unique infrastructure and expertise. Gold bullion turnover in the London market averages more than $240B per day."
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Why I am Currently More Bullish Than Ever on Gold
Source: Jason Hamlin, Gold Stock Bull (6/5/12)
"It can be incredibly difficult to go against the herd. The most successful investors muster the courage to buy when everyone else is selling and sell when everyone else is buying."
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Have Gold, Silver and Mining Stocks Bottomed?
Source: Chris Vermeulen, The Oil and Gold Guy (6/5/12)
"We are seeing the U.S. Dollar Index futures start to roll over, while gold and silver futures are trying to form bottoms and build consolidation bases. If this is a major top in the dollar, then gold, silver, and gold miners are on sale as we speak."
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Fresh Blood: Juniors that Stand Out Among Recent IPOs
Source: Kip Keen, Mineweb (6/5/12)
"Share price hardly serves as a litmus test to intriguing junior stories. And a few juniors stand out among the latest mineral exploration IPOs in terms of exploration and exploration teams behind them."
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US Mint Coin Sales Rebound in May
Source: MarketWatch, Tatyana Shumsky (6/5/12)
"The Mint sold 53,000 troy ounces of gold American Eagles coins in May, more than double the 20,000 troy ounces sold in April."
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Intermarket Analysis Applied to Gold, Gold Stocks and Bonds
Source: Jordan Roy-Byrne, The Daily Gold (6/5/12)
"The precious metals complex has put in a bottom and an ensuing peak in bonds would not only confirm the bottom but would add fuel to the rebound."
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Golden Days Ahead: Dave Kranzler
Source: Peter Byrne of The Gold Report (6/4/12)
Savvy investors and central banks in Asia are accumulating physical gold, the most stable form of value. In an exclusive interview with The Gold Report, Dave Kranzler, founder of Golden Returns Capital, contrarian gold investor and newsletter writer, shares his investment outlook and explains what he looks for when investing in gold miners poised to profit from economic turbulence.
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Royalty Firms Could Spur Junior Miner Deal Bonanza
Source: Reuters, Euan Rocha (6/4/12)
"With the recent pullback in precious metal prices and slumping stock markets, royalty firms could be the saviors for small and mid-tier miners who are eager to grow but strapped for capital."
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Hong Kong-China Gold Imports Hit Record
Source: Financial Times, Leslie Hook (6/4/12)
"China's gold imports from Hong Kong, a proxy for overseas buying, set a record in November for the fifth consecutive month as demand from the world's largest gold consumer continued to defy expectations."
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Major Improvement in Gold's Interim Outlook
Source: Clif Droke (6/3/12)
"The 10-month price oscillator for gold, which measures how overbought or oversold gold is, registered its first 'oversold' reading since the bottom of the credit crisis in late 2008."
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All Hail! Grade Is King Again for Junior Gold Stocks
Source: Kip Keen, Mineweb (6/1/12)
"A number of gold juniors are looking to make their projects more palatable—and generate far quicker payback for investors—by decreasing their scope and/or focusing on higher grades."
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Precious Metals and Miners Beginning to Outperform General Markets
Source: Jeb Handwerger, Gold Stock Trades (6/1/12)
"Recently, the gold and silver miners have been outperforming the S&P 500, indicating that we may be seeing the rotation from overvalued equities into the undervalued miners."
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The Myths and Realities of a Gold Standard
Source: Terry Coxon, Casey Research (6/1/12)
"The gold standard is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel. But thanks to money printing and federal deficits, the idea of a gold standard has resurfaced in the public's consciousness."
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Is the Market at a Historic Turning Point? Top Watchers Say. . .
Source: Streetwise Reports Editors (6/1/12)
Legendary Dow Theory Letters Writer Richard Russell issued a big bear warning May 27. In a special early alert for his subscribers, he announced that his analysis of the April to May activity on the Dow Jones Industrials showed the continuation of a primary bear market that started on October 9, 2007. "We are now dealing with the latter part of the primary bear market. . .subscribers should now follow a course of utmost caution," he said. "As for gold, I think it will be under pressure for a while, but before this bear market is over, gold will embark on a major bull move. The current correction in gold will test every goldbug's nerves," he added.
The Gold Report asked other market watchers for their interpretations of the numbers and the impact these trends could have on the price of gold and gold equities. Their responses reflected their unique perspectives. More >
The Ultimate Gold Bull Peter Grandich vs. The Muted Bear Steve Palmer
Source: JT Long of The Gold Report (6/1/12)
Is gold preparing for another shot up to $2,500/ounce heights or on the way down after being overbought? In this exclusive interview with The Gold Report, two respected names in the investing world share their arguments for what could happen in the coming years and how to profit from it. Financial Adviser Peter Grandich predicts a lot more upside while AlphaNorth Asset Management Chief Investment Officer Steve Palmer has a more cautious outlook on the shiny metal. Where are you putting your money?
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The Golden Wealth of Turkey
Source: Frank Holmes, U.S. Global Investors (6/1/12)
"When I talk about the Love Trade, India and China are frequently discussed since the two countries have been dominating world jewelry demand. Turkey's love for gold, though, cannot be overlooked, as an estimated 5,000 tons have been accumulating in people's homes for years."
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Global Gold Mining Trends
Source: Scott Wright, Zeal Intelligence (6/1/12)
"Where in the world is the gold coming from? As investors, it behooves us to understand the forces that are driving industry trends, the same forces that may govern the decision-making process of a miner looking for gold."
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Gold Mining Stocks: Now Is the Time to Buy
Source: Don Miller, Money Morning (5/31/12)
"At these levels, it's time to take a closer look at shares of big gold miners—while they are still a bargain."
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Gold Reserves Getting Bigger Role in New Economic Order
Source: Peter Cooper, Resource Investor (5/30/12)
"Under a $3.5B stabilization plan being promoted in Germany as the European Redemption Pact, the heavily indebted Eurozone states would use hard assets such as their gold and currency reserves to back a new type of euro bond."
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The Fear Factor in Gold Equities: Robert Cohen
Source: Brian Sylvester of The Gold Report (5/30/12)
The market is like a kid that can only ride a bike with training wheels on it, according to Robert Cohen of GCIC Ltd. As portfolio manager of the Dynamic Precious Metals Fund and the Dynamic Strategic Gold Class Fund (sold in Canada) and the Dynamic Gold & Precious Metals Fund (sold in the U.S.), Cohen is expecting a new set of training wheels in the form of a third round of quantitative easing. In this exclusive interview with The Gold Report, Cohen suggests that, as fear among investors continues to drive down stock prices, the market is now primed for patient accumulation.
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Bulls Misjudged the Dollar
Source: Adrian Ash, BullionVault (5/30/12)
"Trading volume in U.S. gold futures yesterday hit a new 2012 record according to Reuters data, leaping to 484,000 contracts and breaching both the previous high of late January and the current level of open interest outstanding."
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Patience Pays with Gold and Silver
Source: Eric McWhinnie, Wall St. Cheat Sheet (5/30/12)
"While some may expect bullion demand to be significantly lower from falling gold prices, demand for gold as an insurance policy on fiat currencies remains high."
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