The gold debate: Will gold be as good going forward

Gold bugs have spent the last ten years in the sun but, in relative terms the price of gold is rather expensive now, how much higher can it go?

Author: Regarding Capital Management
Posted:  Thursday , 02 Sep 2010
Cape Town - 

You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold. George Bernard Shaw

In truth, the gold standard is already a barbarous relic. John Maynard Keynes

While many have debated the merits of gold as an investment, one thing stands true: over the last ten years, the gold bugs have had their day in the sun. Chart 1 below shows the performance of gold, the MSCI All Country World Index of stocks, and the Barclays Capital Multiverse Index of global bonds for the last ten years, all rebased to 100, and all stated in US Dollars.

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The gold debate: Will gold be as good going forward

Gold Prices to Challenge All Time High

By Bob Kirtley

03 September 2010

 www.skoptionstrading.com

 So much for a lackluster summer and the summer doldrums as gold prices increase by around $100/oz in August 2010, to close at $1251.20/oz . As the chart shows August has been a great month for gold prices setting the stage for a ‘Fall’ rally which we expect to be dramatically to the upside. The technical indicators are now in the overbought zone and we would normally expect gold to take a breather, however, these indicators have been known to stay high for prolonged periods of time.

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Gold Prices to Challenge All Time High

SP500 & Gold At Crucial Pivot Points

Thursday Sept 2nd, 2010
Wednesday was a big session with better than expected manufacturing surging the market 3%. In this article I will do a quick technical take on the current situation for the SP500 and gold as they are both trading at a key resistance level. also its important to know what type of price action we will get in the next 1-2 days so you can have your profit targets or protective stops in place depending on which side of the market you are currently playing.

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SP500 & Gold At Crucial Pivot Points

China doesn't like BHP Potash Corp bid - report

According to reports in the Wall Street Journal, worries about future supplies of fertilizer, has meant that China's state run Sinochem is looking at a variety of options and has hired HSBC to help

Author: Sonali Paul and Joseph Chaney (Reuters)
Posted:  Thursday , 02 Sep 2010

RELATED STORIES  Investors put $155 per share cap on BHP's Potash Corp bid
 

MELBOURNE/HONG KONG (Reuters) - 

China is stepping up attempts to hamper BHP Billiton's $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertiliser it needs to rapidly boost food production.

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China doesn’t like BHP Potash Corp bid – report

Silver About To Break Out Big!
(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50)

Silver is one asset class I do not cover very often, but have been largely bullish on since $6 an ounce many years ago.  It can be considered “poor man’s Gold” as they say.  I believe Silver is about to stage a pretty large advance based loosely on the Elliott Wave pattern I see unfolding after a 9 odd month consolidation. (Obviously, there are also fundamental fiat currency/debt events worldwide that give it the underlying bull chart pattern).  Since the average person can’t run out and buy an ounce of Gold for $1,240 tomorrow, as the unfolding of the fiat crises continues to enter the public psyche, you will see a strong populace movement into buying silver, silver coins, etc.  To wit, many silver stocks are moving up strongly of late, signally an imminent breakout of this precious and industrial metal.

The triangle pattern has taken nearly 9 months so far, and a move over $19.50 could start a multi-month run targeting $26-$29 per ounce for starters before a broad pullback.  A few silver stocks worth looking at include SLW (Silver Wheaton, which purchases future silver mine production in advance at a discount), a long-time favorite of mine and Fortuna Silver, a growing producer and explorer favored by some of the brightest minds in the business.  I do not own shares in either, so I have no inherent bias to mention them other than they are worth your time to review sooner than later. TMTF does not offer stock or trading advice, so please do your own research and consult a professional if need be.

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Silver About To Break Out Big!

Saskatchewan would have "lots of concerns" about a Chinese Potash Corp bid
The Canadian province, which is home to Potash Corp, says it would be concerned by a Chinese buyer whose interests obviously are to have very low prices

Author: Rod Nickel and Euan Rocha (Reuters)
Posted:  Wednesday , 01 Sep 2010

RELATED STORIES  China could launch anti-monopoly probe into BHP Potash bid - Paper
 
WINNIPEG/TORONTO (Reuters) - 

The Canadian province of Saskatchewan, home of takeover target Potash Corp (POT.TO: Quote) (POT.N: Quote), would have "lots of concerns" about a Chinese sovereign fund or state-owned company buying part or all of the company, Energy Minister Bill Boyd said on Tuesday.

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Saskatchewan would have “lots of concerns” about a Chinese Potash Corp bid

Gold in September - Frank Holmes : CEO, US Global Investors
As the world enters what is historically a very good period for gold, Frank Holmes takes a look at the reasons why this year should be just as good, if not better
Posted:  Wednesday , 01 Sep 2010
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GEOFF CANDY:  Welcome to this week's edition of Mineweb.com's Gold Weekly podcast on the eve of what is traditionally a very good period for the yellow metal.  In fact in 17 of the last 21 years, gold has risen during the month of September.  Joining us on the line now to explain this phenomenon is Frank Holmes, CEO and chief investment officer at US Global Investors.  Frank clearly the trend in September really is your friend but perhaps before we delve into the reasons behind it, maybe take us through the process of picking out this pattern in the first place

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Gold in September – Frank Holmes : CEO, US Global Investors

Silver's fundamentals - Michael DiRienzo: executive director, The Silver Institute

A look at some of the factors influencing the strong performance shown by silver

Interviewer: Geoff Candy
Posted:  Tuesday , 31 Aug 2010
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GEOFF CANDY:  Welcome to this week's edition of Mineweb.com's metals weekly podcast.  Silver has been having a good time of it lately and in the last six months we saw the ETF is up over 17% while last week we saw bullion prices at just above $19/oz.  Now many analysts say that's a key resistance level and joining us on the line now is Michael DiRienzo - executive director at The Silver Institute.  Michael before we delve into the issue perhaps we can take a step back and look at what's driving the market at the moment.

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Silver’s fundamentals

China and Copper

Richard (Rick) Mills
Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

In this author’s opinion, China, and to a lesser extent India and other developing nations, are responsible for the largest and longest base metals bull market the world has ever experienced. Many fear the bull market for natural resources is over when in fact nothing could be further from the truth. This seems especially true, because of the supply/demand picture, regarding copper.

Copper's chemical and physical properties:

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China and Copper

Africa's Top 100 Gold stocks: The search for the next Red Back is on
The huge premium built into the USD 7.1bn takeover of Red Back unleashes an African treasure hunt.

Author: Barry Sergeant
Posted:  Friday , 27 Aug 2010
 
JOHANNESBURG - - 

In a recent interview, Mark Cutifani, CEO of AngloGold Ashanti, noted that his group "can bring a new project on at about $2,500/production ounce, against our major competitors in North America, who are doing the same sort of thing for $4,000/production ounce.

"If you look at the new acquisitions that are being made, this is Kinross's bid [in Canada] for Red Back, and Newcrest's bid [in Australia] for Lihir; they're buying gold at around $7,000/ production ounce".

Indeed. All the names mentioned so far are global Tier I gold stocks, with the exception of Red Back, a Toronto-listed African miner, which currently carries a market value of just over USD 7bn. Applying the metric referred to by AngloGold Ashanti, Kinross and Newcrest are paying premiums of more than 100% for their latest acquisitions.

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Africa’s Top 100 Gold stocks: The search for the next Red Back is on