Streetwise Articles
The Emperor is Naked: David Stockman
Source: Karen Roche and JT Long of The Gold Report (5/4/12)
A "paralyzed" Federal Reserve Bank, in its "final days," held hostage by Wall Street "robots" trading in markets that are "artificially medicated" are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner of Heartland Industrial Partners and the author of The Triumph of Politics: Why Reagan's Revolution Failed and the soon-to-be released The Great Deformation: How Crony Capitalism Corrupts Free Markets and Democracy. The Gold Report caught up with Stockman for this exclusive interview at the recent Recovery Reality Check conference.
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The Case for Higher Gold Prices
Source: Diane Alter, Money Morning (5/4/12)
"Commodities investor Peter Krauth believes gold prices will eventually hit $5,000/oz in a 'superspike.' And that could mean even sweeter returns for gold investors over the long haul."
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Platinum in Desperate Need of a Game Changer
Source: Christy Filen, Mineweb (5/4/12)
"Unless there is a real, game-changing shift in South African production, there is a danger of the structural surpluses now present in the platinum market becoming 'hardwired' into the system."
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China Buys Gold. . .No Matter Who's Selling
Source: Eric Fry, The Daily Reckoning (5/4/12)
"Someone is selling in size; someone is buying in size. That's what makes markets, as the saying goes. The seller in this case is very large and very sloppy, perhaps intentionally so. The buyer is also very large, but very patient and methodical. Trapped between these two powerful opposing market participants we find a 'range-bound' gold market."
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Signs of Panic and Despair in Australia's Labor Government
Source: Ross Louthean, Mineweb (5/3/12)
"So what does this mean for the mining industry? There are suggestions that one of the few ways Julia Gillard can win back voters is to revoke the carbon tax, which she introduced to appease the Green Party."
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Bullion: Volatile Within a Bull Market
Source: Pamela Aden, Resource Investor (5/3/12)
"Whenever gold sells off, big buyers come in to take advantage of lower prices. This is a pattern we've seen consistently and we expect it will continue. Meanwhile, gold has also become addicted to the Fed's actions."
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The Most Boring Gold Market Ever?
Source: Ben Traynor, BullionVault (5/3/12)
"We've just had the quietest 40 days since the financial crisis began. How often are gold prices as range-bound as this?"
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Central Bank Demand to Change Gold, Silver Markets and Prices
Source: Julian Phillips, Gold Forecaster (5/3/12)
"There is a major trend for central banks to avoid the global open market when buying because the moment professionals in the market are aware of the presence of a central bank, prices tend to jump."
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Catalytic Events Moving Gold Stocks: Jocelyn August
Source: George S. Mack of The Gold Report (5/2/12)
Sagient Research Systems is known for its investor research in the drug and medical device field, but the firm has also tailored its scientific approach to market-moving catalysts in the precious metals industry. In this exclusive interview with The Gold Report, Senior Analyst Jocelyn August discusses looming events in a select group of natural resource stocks that are expected to move as information flows out.
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Caribbean Island Gold: Scott Jobin-Bevans
Source: Peter Byrne of The Gold Report (5/2/12)
Scott Jobin-Bevans, immediate past-president of the Prospectors and Developers Association (PDAC), candidly assesses the political, environmental and technical challenges facing foreign companies exploring for gold and other minerals on the Caribbean island of Hispaniola. In this exclusive interview with The Gold Report, we learn that the majors are paving the way for junior mining firms on the island, which holds much buried treasure, despite environmental and political challenges.
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Gold Prices: How to Climb the 'Golden Staircase'
Source: William Patalon III, Money Morning (5/2/12)
"It typically takes 12–18 months for gold to establish a new price high once it retreats from a strong run-up. Eight months have already passed since gold reached $1,900/oz. The 'Golden Staircase' theory tells us that it will take 4–10 months to see new highs."
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The Acquisition of Gold Mining Stocks Is a Question of Timing
Source: Bob Kirtley, SK Options Trading (5/2/12)
"In an attempt to maximize the profits on our investments, we consider the timing of any purchase of precious metals mining stocks to be of paramount importance."
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Is Gold the Best Long-Term Investment?
Source: Neena Mishra, Zacks Equity Research (5/2/12)
"Apart from the loose monetary policies and heightened macroeconomic uncertainty in many parts of the world, there are three main factors that will support gold prices."
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Rare Earths Miners Race to the Finish Line: Carolyn Dennis
Source: Brian Sylvester of The Critical Metals Report (5/1/12)
The rare earths business isn't unlike a Formula One race, according to Carolyn Dennis, vice-president and senior analyst with Dundee Capital Markets. Companies are speeding to reach production and find strategic partners to grease the wheels to the finish. While several companies are laps ahead of their competitors, Dennis is watching a few names that could come up from behind. In this exclusive interview with The Critical Metals Report, Dennis discusses which companies could see the checkered flag and reap big profits.
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Inept Central Bankers Will Keep Long-Term Gold Prices High: Marc Faber
Source: Drew Voros, Hard Assets Investor (5/1/12)
"Investment fund manager and author of the Gloom, Boom & Doom Report recommends physical over mining stocks and says that worldwide printing of money assures long-term support."
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Scientific Rationality Aside, Metals Prices Are About to Turn for the Better: Ecclestone
Source: Dorothy Kosich, Mineweb (5/1/12)
"It may not be a first-order recovery for mining project financing, but there are more than a few reasons to be cheerful in the mining space, Hallgarten's Christopher Ecclestone suggests."
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Bernanke Has Broken the Dollar Rally
Source: Toby Connor, GoldScents (5/1/12)
"So far all of the pieces are starting to fall in place to initiate the very early stages of what I think will eventually become another huge momentum move similar to what happened in silver and gold last year."
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A Defensive Portfolio Is the Best Offense: Paolo Lostritto
Source: Brian Sylvester of The Gold Report (4/30/12)
Paolo Lostritto, mining equity research analyst with National Bank Financial, attributes development companies' current struggles to both the recent trend for capital and operating cost increases and to the European sovereign debt crisis. But there are opportunities as long as investors look for companies with free-cash-flow growth and solid balance sheets. In this exclusive Gold Report interview, Lostritto shares some names of companies that have these attributes.
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Dollar's Slide Fuels QE Speculation
Source: Ben Traynor, BullionVault (4/30/12)
"The dollar's slide was compounded on Friday after preliminary gross domestic product data showed the U.S. economy had slowed by more than expected in Q112, leading to speculation that the Fed might embark on a third round of quantitative easing."
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A Return to Real Money
Source: Rick Mills, Ahead of the Herd (4/30/12)
"There is no doubt that the Fed is, first and foremost, looking out for the special interests of its shareholders, the banks, insurance companies and securities firms."
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Europe's Gold Miners Getting Their Hands Dirty Again
Source: Geoff Candy, Mineweb (4/30/12)
"With the entire Eurozone feeling the pinch of austerity measures and jobs in scarce supply, put-upon politicians are looking increasingly favorably on industries that can provide employment, including mining."
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Rare Earths Riches Could Give Canada Competitive, Political Advantages
Source: Dorothy Kosich, Mineweb (4/30/12)
"Canada's REE richness could transform it from being the U.S.'s unassuming neighbor into a powerhouse in terms of political leverage and influence, the Canadian Chamber of Commerce suggests."
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It Takes More Than Being a China Hawk to Produce Rare Earth Metals
Source: Foreign Policy, Steve LeVine (4/30/12)
"Continued delays to developing REE projects show that there will be more to establishing a balanced rare earths supply than mere anti-Chinese rhetoric."
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Do Central Banks Still Love Gold?
Source: Eric McWhinnie, Wall St. Cheat Sheet (4/28/12)
"Central banks around the world continue to prepare for currency devaluations by purchasing gold."
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Invest in Africa Now: Nana Sangmuah
Source: Brian Sylvester of The Gold Report (4/27/12)
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.
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