Quite an interesting evaluation on the disparity between Gold and Gold Stocks.
Their time may be coming.
"The opportunity is just too good to pass up. The last time these particular conditions came together, gold stocks rallied 121% in 12 months. "
Check it out:
http://www.stockhouse.com/columnists/2012/feb/14/gold-stocks--next-121--rally-starts-today
Wednesday, February 15, 2012
Friday, February 10, 2012
Warren Buffett: gold has no value -Gold Bug: Warren Buffet has no value!
From the Telegraph UK:
Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pining their hopes on future demand.
He warned that gold was a self-inflating bubble, created by investors desperate for a viable alternative to property and shares.
The infamous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.
"Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end."
Buffett's attack comes as private bank Coutts predicts that the gold price will hit "new highs" by the end of 2012.
Personally this is one bet I'd love to make with Buffet - I'll bet my pennies for his billions that he's wrong on this one!
See the full article here:
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9074670/Warren-Buffett-gold-has-no-value.html
Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pining their hopes on future demand.
He warned that gold was a self-inflating bubble, created by investors desperate for a viable alternative to property and shares.
The infamous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.
"Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end."
Buffett's attack comes as private bank Coutts predicts that the gold price will hit "new highs" by the end of 2012.
Personally this is one bet I'd love to make with Buffet - I'll bet my pennies for his billions that he's wrong on this one!
See the full article here:
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9074670/Warren-Buffett-gold-has-no-value.html
Plan Nord - Investing in the Future of Quebec
Interesting overview of Plan Nord, the long term sustainable mining development plan of the Quebec government.
Article from TMR (Technology Metal Research:
http://www.techmetalsresearch.com/2011/06/rare-earths-plan-nord-and-the-future-of-quebec/#.TyxGi9LtmAQ.twitter
Article from TMR (Technology Metal Research:
http://www.techmetalsresearch.com/2011/06/rare-earths-plan-nord-and-the-future-of-quebec/#.TyxGi9LtmAQ.twitter
Graphite in Focus....
More talk about graphite. Good read with Jack Lifton of the AU Report.
http://www.theaureport.com/pub/na/12484
Now that the USA and EU have both declared graphite a supply-critical material, I think that the few graphite players like Northern Graphite and Focus Metals will really have an opportunity to take off.
http://www.theaureport.com/pub/na/12484
Now that the USA and EU have both declared graphite a supply-critical material, I think that the few graphite players like Northern Graphite and Focus Metals will really have an opportunity to take off.
Thursday, January 26, 2012
Gold Rises to 7-Week High as Dollar Alternative
Gold futures rose to a seven-week high as the Federal Reserve’s pledge to keep U.S. borrowing costs low drove the dollar down, boosting demand for precious metals as alternative assets. Silver jumped to a two-month high.
The greenback fell to a six-week low against a basket of currencies. Yesterday, the Fed said that its benchmark interest rate will stay low until at least late 2014, and gold surged 2.1 percent, the most in three weeks.
The central bank’s statement “was very bullish for gold,” David Meger, the director of metal trading at Vision Financial Markets in Chicago, said in a telephone interview. “The weakness in the dollar is also helping gold.”
Gold futures for April delivery gained 1.7 percent to $1,731.50 an ounce at 10:15 a.m. on the Comex in New York. Earlier, the metal reached $1,734.50, the highest for a most- active contract since Dec. 8.
The price may “test” $1,800 next week, said Ong Yi Ling, an investment analyst at Phillip Futures Pte in Singapore.
Silver futures for March delivery climbed 1.5 percent to $33.62 an ounce on the Comex. Earlier, the metal reached $33.79, the highest since Nov. 17.
See article here:
http://www.bloomberg.com/news/2012-01-26/gold-rises-to-7-week-high-as-dollar-alternative.html
The greenback fell to a six-week low against a basket of currencies. Yesterday, the Fed said that its benchmark interest rate will stay low until at least late 2014, and gold surged 2.1 percent, the most in three weeks.
The central bank’s statement “was very bullish for gold,” David Meger, the director of metal trading at Vision Financial Markets in Chicago, said in a telephone interview. “The weakness in the dollar is also helping gold.”
Gold futures for April delivery gained 1.7 percent to $1,731.50 an ounce at 10:15 a.m. on the Comex in New York. Earlier, the metal reached $1,734.50, the highest for a most- active contract since Dec. 8.
The price may “test” $1,800 next week, said Ong Yi Ling, an investment analyst at Phillip Futures Pte in Singapore.
Silver futures for March delivery climbed 1.5 percent to $33.62 an ounce on the Comex. Earlier, the metal reached $33.79, the highest since Nov. 17.
See article here:
http://www.bloomberg.com/news/2012-01-26/gold-rises-to-7-week-high-as-dollar-alternative.html
Tuesday, January 24, 2012
India and Iran Trade Gold for Oil!
It begins!
Very interesting development. There is apparently a deal that has happened where two banks have made an agreement to use gold instead of dollars to trade in oil. The banks reportedly involved in this deal are India’s state owned UCO Bank and Turkey’s state owned Halkbank.
This is another sign that we are heading to a Gold Standard.
You can see the full article here:
http://www.forexcrunch.com/gold-for-oil-india-and-iran-ditch-dollar-report/
Very interesting development. There is apparently a deal that has happened where two banks have made an agreement to use gold instead of dollars to trade in oil. The banks reportedly involved in this deal are India’s state owned UCO Bank and Turkey’s state owned Halkbank.
This is another sign that we are heading to a Gold Standard.
You can see the full article here:
http://www.forexcrunch.com/gold-for-oil-india-and-iran-ditch-dollar-report/
Wednesday, January 18, 2012
Top 20 Mining Picks - Caesars Report
Caesarsreport has released its Top 20 Mining picks for 2012, looks like a few winners in there. I am quite bullish on #13, Gold Bullion Development (GBB.V) and have picked up 200,000 shares. we'll see how she does.
Caesarsreport is a highly respected information and research provider specializing in junior mining companies.
You can see their website here http://www.caesarsreport.com/
You can link to the free report here:
http://www.caesarsreport.com/freereports/CaesarsReport_MiningTop25_2012.pdf
Caesarsreport is a highly respected information and research provider specializing in junior mining companies.
You can see their website here http://www.caesarsreport.com/
You can link to the free report here:
http://www.caesarsreport.com/freereports/CaesarsReport_MiningTop25_2012.pdf
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