Free Republic

Precious Metals Stocks, Breakout Or Plunge? Commodities / Gold & Silver Stocks Dec 02, 2009 - 07:12 PM By: Przemyslaw_Radomski In a world of paper currencies and paper promises, I can think of many reasons right off the top of my head why the price of gold will continue to go up in the long term, however since this essay's length is limited, I'll just mention 5 of them. In short, while it may feel like a bubble to some, I believe we are just warming up. Last week I mentioned a few of such reasons, but I would like...

Economic Recovery? Commodity Charts Don't Think So by: Wildebeest November 30, 2009 These are buoyant times for (some) commodity investors, and (some) commodity producers, but what does it mean in terms of a global recovery? A common feature among people drawing conclusions about the economy from commodity markets tends to be a sole focus on price, and even then only prices in exchange traded commodities. If buyers outnumber sellers prices rise, so rising prices mean a return of global demand, which in turn means global recovery -- right? Well not quite, despite the enthusiasm displayed in many articles pushing that...

Gold Hits Record Near $1,200/Oz As Dollar Slips Tue Dec 1, 2009 5:53am EST By Jan Harvey LONDON (Reuters) - Gold hit record highs near $1,200 an ounce on Tuesday as dollar weakness fueled buying of the metal as an alternative asset, while investors speculating on further gains were cheered by its recovery from Friday's lows. Spot gold hit a peak of $1,198.70 an ounce and was bid at $1,194.90 an ounce at 1021 GMT (5:21 a.m. EST), against $1,179.10 late in New York on Monday. "The fact that we are seeing the dollar weaken is helping to drive gold,"...

As an American living in Canada and a do-it-yourself (DIY) investor, I've decided to short the US dollar and to keep the majority of my holdings in Canada resource companies (oil and gas, gold mining). This is a play that has worked well so far. When the resource-heavy Canadian stock market felt serious pressure during the credit crisis I was able to pick up some bargains. I am far from alone in this strategy. PetroChina's purchase of a $1.9 billion stake in Alberta's Athabasca Oil Sands Corp. and Korean National Oil Corp.'s plan to acquire outright Harvest Energy Trust for...

Investors Buy Gold As Central Banks On Course To Crash World Economy Commodities / Gold & Silver 2009 Nov 26, 2009 - 02:59 AM By: Bob_Chapman Investors buy gold when there is inflation and when there is a flight to quality. They buy gold when they no longer trust currencies, due to government or central bank profligacy. Due to those and other reasons gold has broken out to new highs. It could well be that gold may never see $1,000 again. Long ago the world’s central banks set the course for a planned collapse of the world economy to implement...

Zinc Dimes, Counterfeit Tungsten Gold And Lost Interest Commodities / Gold & Silver 2009 Nov 18, 2009 - 11:40 AM By: Jim_Willie_CB In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago. Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US...

Roubini Says Gold $2,000 Is Utter Nonsense Commodities / Gold & Silver 2009 Nov 18, 2009 - 11:28 AM By: Q1_Publishing “Maybe [gold] will reach $1,100 or so but $1,500 or $2,000 is nonsense.” That’s what Nouriel Roubini said a few days ago at the Inside Commodities Conference in New York. The comments from the economist credited with foreseeing the banking crisis were aimed squarely at investing legend Jim Rogers. According to reports, Roubini specifically referred to Rogers’ call for $2000 gold as “utter nonsense.” Since then, gold has continued to set new highs and is attracting a lot more...

Stock Market Rally Priced In Gold Not Dollars Commodities / Gold & Silver 2009 Nov 13, 2009 - 03:41 PM By: Adrian_Ash Non-US investors haven't enjoyed the same stock rally as Wall Street. Whereas in gold... "THE DOLLAR is still driving gold," agree the analysts, pundits and chart-watchers now scratching their heads about where gold is headed next. That's kind of true, but not entirely. Yes, the Dollar's fall against gold since the start of this decade has been greater than the drop suffered to date by the rest of the world's currencies. But the last 20% move in Dollar...

Gold’s Rally Suggests Silver Will Ride The Coattails Commodities / Gold & Silver 2009 Nov 11, 2009 - 04:25 PM By: Dr_Jeff_Lewis As investors begin their shift away from currencies and into hard assets, gold has waltzed well past $1000 per ounce and has since pushed through $1100. Because precious metals have been long seen as an effective hedge against inflation, investors have been the biggest driver of demand. The Gold to Silver Ratio Throughout history, gold and silver have been tethered together in the eyes of investors. Once one of the metals moves too high or falls too low,...

Gold Continues To Gain Against All Currencies Commodities / Gold & Silver 2009 Nov 11, 2009 - 07:39 AM By: Adrian_Ash THE PRICE OF GOLD rose to fresh record highs against the US Dollar for the fifth session in six in early London dealing on Wednesday, recording an AM Gold Fix above $1114 an ounce. Up by more than 28% for 2009 to date for US investors, gold also rose against all other currencies, breaking its best level against the Japanese Yen since July 2008 above ¥3220 per gram as world stock markets gained, government bonds held steady, and crude...

Gold Slips To $1100 As UK Faces Potential Credit Ratings Downgrade Commodities / Gold & Silver 2009 Nov 10, 2009 - 07:43 AM By: Adrian_Ash THE PRICE OF WHOLESALE gold slipped 1% from Monday's new record high early in London today, briefly drifting through $1100 an ounce as Asian stock markets closed the day higher but European shares held flat. Crude oil ticked back down to $80 per barrel, but remained higher by one-third from this time last year. The US Dollar held steady after Monday's sharp losses. Ten-year Treasury bonds offered 3.45% in yield. "A correction is reasonable after...

Industrial Materials Shine As Global Economy Seen TurningCitigroup analysts envision near-60% EPS gain in materials sector next year Kate Gibson MarketWatch Nov. 9, 2009, 3:23 p.m. EST NEW YORK (MarketWatch) -- With industrial materials among the first to benefit as the global economy turns, the sector ranks as the No. 2 performer among the S&P 500's 10 industry groups so far this year -- and Citigroup analysts now see nearly a 60% earnings-per-share rebound as likely for the sector in 2010. Bankers' Clients Want More Love, More MoneyBonds of trust between investment banks and their clients have in some cases...

Gold Bars Selling Like Hotcakes At Harrods Henry BlodgetNov. 8, 2009, 9:49 AM Gold smashed through an all-time high of $1,100 an ounce on Friday, bringing some solace to gold bugs who have been losing money on the metal since the 1980s. Gold still hasn't come anywhere near its late-1980's peak on an inflation-adjusted basis ($1,800 or so), belying the general theory that it's a great inflation hedge. As the world gold frenzy really takes hold, however, $2,000-an-ounce predictions are coming fast and furious, so there's always hope. The NYT surveys the gold landscape, checking in on the ultimate symbol...

Gold Reaches New Record Above $1,100 By Nick Godt MarketWatch NEW YORK (MarketWatch) -- Gold futures barreled to a new record high above $1,100 an ounce on Friday, as news that the U.S. unemployment rate topped 10.2% in October boosted expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar. Gold for December delivery, the most active futures contract, rose as high as $1,100.50 an ounce on the New York Mercantile Exchange. It gained up to $1,101.90 an ounce in electronic trade. It recently gained $6.40, or 0.6%, to $1,095.80. The U.S. economy...

You might think that Warren Buffett's $34 billion bid for the rest of Burlington Northern Santa Fe ( BNI - news - people ) is the most eye-catching investment decision of the day. While the Oracle of Omaha's bullish bet on America is hardly insignificant, I would like to direct your attention half a world away and ostensibly in a different investment medium: spot gold. India's central bank bulked up that nation's gold reserves by 55% with the purchase of $6.7 billion worth of gold from the International Monetary Fund, which is selling gold reserves to raise funds for lending...

Gold Confiscation Risk Commodities / Gold & Silver 2009 Nov 02, 2009 - 02:05 AM By: Howard_Katz Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000. This past week saw the technical pull back to the breakout point, and Thursday was the turnaround day. Friday saw some very bullish candlestick signals in many of the gold stocks. But one thing has been bothering many gold bugs. In 1933, the U.S. Government confiscated the people’s gold. The Government even went into safety deposit boxes (in private banks) and took...

How And Why China Will Flood The Gold Market Commodities / Gold & Silver 2009 Oct 31, 2009 - 09:07 AM By: DailyWealth Jeff Clark of Casey Research writes: As you read this, the Chinese government is doing an extraordinary thing... something nearly unheard of in the modern world. It is encouraging citizens to put at least 5% of their savings into precious metals. The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year's meltdown in the stock market, people believe it. After all, Chinese citizens don't receive government retirement...

Biofuel refineries in the US have set fresh records for grain use every month since May. Almost a third of the US corn harvest will be diverted into ethanol for motors this year, or 12pc of the global crop. The world's grain stocks have dropped from four to 2.6 months cover since 2000, despite two bumper harvests in North America. China's inventories are at a 30-year low. Asian rice stocks are near danger level. Yet farm commodities have largely missed out on Bernanke's reflation rally in metals, oil, and everything else. Dylan Grice from Société Générale sees "bargain basement" prices....

Buy Food – Price Rises Are Almost Guaranteed By Garry White Published: 7:50PM GMT 25 Oct 2009 There are two main drivers of commodity prices – supply and demand. This is just as true with soft commodities such as wheat, rice, sugar and cocoa as it is with copper and tin. The big problem for your weekly shopping budget in the future is that there are problems on both sides of the equation that are likely to squeeze prices higher, permanently. However, this also provides a great investment opportunity and now is a good time to buy into many areas...

Jim Rogers On The Next Ten Years By Heather BellOctober 17,2009 I’m moving to China … possibly to live in a bunker. At least that was my inclination after listening to a presentation by Jim Rogers Thursday. Now don’t get me wrong―Mr. Commodities wasn’t all doom and gloom. In fact, his talk was both informative and highly entertaining. But Rogers doesn’t sugarcoat things―he’s very matter-of-fact about his concerns and projections for the future. And most of them don’t bode well for the U.S. I’ll be posting an interview with Jim Rogers on the site in the coming week, but for...