Streetwise Articles
Eric Hommelberg: A 2,000 Dow or $10,000 Gold?
Source: Brian Sylvester of The Gold Report (7/8/11)
Eric Hommelberg has called a few in his day. In 2009, he predicted gold would reach $1,300/oz. the following year. And it did. But $1,800/oz. gold by the end of the year? Gold has recently come off its high of $1,580/oz., but Hommelberg, a principal of ValcambiGold.com, isn't discouraged. In this exclusive interview with The Gold Report, Hommelberg makes a few more predictions.
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Gold, Silver Prices Ease Lower
Source: Kitco, Jim Wyckoff (7/8/11)
"Gold and silver prices are slightly lower as the U.S. awaits the release of the employment report.
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Coin Dealer's Heirs Await Ruling on Rare Gold Pieces
Source: Philadelphia Inquirer, Nathan Gorenstein (7/8/11)
"At stake is the ownership of ten Double Eagle coins likely worth at least $7.59M each."
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As More Investors Seek Shelter in Gold, Russia Is Only Too Happy to Sell
Source: New York Times, Andrew Kramer (7/8/11)
"After advocating for a gold-backed currency, Russia surprises markets by not hoarding, but selling its gold in the face of a national deficit.
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Stephen Maresca: Are Midstream MLPs Going Mainstream?
Source: George Mack of The Energy Report (7/7/11)
Judging from fund flows into some of the Master Limited Partnerships (MLPs) he tracks, investors apparently agree with Stephen Maresca, Morgan Stanley's MLP expert, that the midstream sector of the oil and gas industry has gone mainstream. As Stephen tells The Energy Report in this exclusive interview, investors want exposure to the income, yield and total return that the MLPs provide, and they're finding growing revenues and growing free cash flow per share in operators with good management teams, strong balance sheets and assets in growing supply areas that are connected to good market sources for demand. "It's a good time to be involved in midstream plays," he says.
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Crude Oil Tops $98
Source: UPI (7/7/11)
"Crude oil prices topped $98 per barrel as the U.S. added 157,000 jobs in June."
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Oil Showing Signs of Strength and Higher Prices
Source: Chris Vermeulen, TheGoldAndOilGuy (7/7/11)
"If these resistance levels break, the sky's the limit for the next rally."
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EPA Finalizes Coal Plant Emission Rule
Source: Reuters, Timothy Gardner and Tom Doggett (7/7/11)
"EPA aims to slash air pollution from plants east of the Rocky Mountains."
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Get Ready for $150 Oil
Source: Barron's, Gene Epstein (7/7/11)
"As oil producers' spare capacity declines to worrisome levels, prices could reach new records."
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Potash Mining Controversies
Source: Resource Investing News, Leia Toovey (7/7/11)
"Potash mining is abuzz with environmental, political and financial controversy."
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Gold Showing Signs of Strength and Higher Prices
Source: Chris Vermeulen, TheGoldAndOilGuy (7/7/11)
"The charts indicate we could be at the beginning of another major rally."
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Mining Stocks to Out-Sparkle Gold
Source: Reuters, Amanda Cooper (7/7/11)
"Gold miners' margins are growing significantly, while premiums remain low for the time-being."
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Iran's Gold Rush Fails to Ease Economic Fears
Source: Reuters, Mitra Amiri (7/7/11)
"In the case of gold, it seems that higher prices are creating more demand."
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Three Senators Bet Economic Recovery on Gold
Source: Fox News (7/7/11)
"Three Tea Party-backed senators aim to follow Utah's lead with the Sound Money Promotion Act."
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CFTC Expands Power to Pursue Fraud, Manipulation
Source: The Wall Street Journal, Jamila Trindle (7/7/11)
"Previous manipulation standards were nearly impossible to prove, which is why the commission has only won one case in 35 years."
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Demand for Precious Metals Storage Soars
Source: Wealth Briefing, Thomas Whyel (7/7/11)
"A serious shortage of storage facilities worldwide is growing as investors continue to pile into gold, silver, platinum and palladium."
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In Rush to Find Gold, Indonesians Defy Dangers
Source: New York Times, Norimitsu Onishi (7/7/11)
"After gold prices rose sharply in late 2007 and early 2008, the illegal gold rush began."
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Possible Bottom as Key Sectors Breaking Out
Source: Chris Vermeulen (7/6/11)
"We just may be headed higher sooner than later."
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Long-Range Arc of Gold and Silver Points Upward
Source: Jeb Handwerger, Gold Stock Trades (7/6/11)
"The 'summer goldrums' are creating a base for precious metals."
Global Gold Supply 2
Source: Scott Wright, Zeal Research (7/6/11)
"Mine production will be key to gold's economic balance going forward."
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Mike Niehuser: Mining Stocks Not Reflecting Record Gold Prices
Source: The Gold Report (7/6/11)
Uncertainty will certainly push gold prices higher. In this exclusive interview with The Gold Report, Mike Niehuser, founder of Beacon Rock Research, LLC, is bullish on gold and well-managed producers, advanced development and exploration companies. He shares his top eight picks and advice on easing into an investment instead of buying all at once.
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Gold Prices Climb on Portugal Downgrade
Source: The Street, Chao Deng (7/6/11)
"A raise in interest rates by China's central bank did little to drag down gold futures."
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Silver Bullion Eagle Coins Reach Highest Demand in History
Source: NewsGuide (7/6/11)
"Silver bullion is becoming more popular as gold prices make it difficult to invest in gold bullion bars or coins."
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Gold Jewelers of Santorini Suffer in the Sun
Source: Reuters, Jeremy Gaunt (7/6/11)
"It's hard to feel too sorry for anyone living on the beautiful Greek isle, but its gold jewelers are getting hammered from all sides."
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Companies Strike at Copper Thieves
Source: Atlanta Journal-Constitution, Jeffry Scott and Ty Tagami
(7/6/11)
"Nationwide, utilities have been hardest hit by metal theft, losing about $1B a year."
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