Casey's Daily Resource Plus

In Today's Edition:

• Precious metals edge lower - Gold seen vulnerable to further selling.
• Dollar moves higher - Risk aversion creeping in.
• Crude falls more - CFTC may move on energy investors.
• Base metals mostly lower -  Fear rules.

To view today's edition, please precious metals, dollar and crude oil

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Casey’s Daily; Gold seen vulnerable to further selling.

Casey's Daily Resource Plus                                   July 7, 2009

In Today's Edition:

• Precious metals retreat - Little interest in gold as a safe haven.
• Dollar gains on euro - All eyes on the G-8 for future direction.
• Crude falls again - Summer lull seen pushing it lower.
• Base metals slammed -  Copper inventories drop in London and Shanghai.

To view today's edition, please on precious metals retreat and crude falls again.

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Casey’s Daily; Little interest in gold as a safe haven.

Casey's Daily Resource Plus        July 2, 2009

In Today's Edition:

• Precious metals rebound - GLD vaults lighten.
• Dollar weakens - ADP report glum.
• Crude slides - Inventory report surprises.
• Base metals all gain -  Good news on China manufacturing.

To view today's edition, please click on weakening dollar and crude sliding.

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Casey’s Daily ;GLD vaults lighten

Casey's Daily Resource Plus                                         June 24, 2009

In Today's Edition:

• Precious metals go soft - Lingering memories of Monday mute Tuesday trading.
• Dollar plunges against euro - Existing home sales come in weak.
• Crude rallies - Rise in inventories expected.
• Base metals move higher -  Weaker dollar the prime mover.

To view today's edition, please precious metal and crude rallies

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Casey’s Daily Resource; Weaker dollar the prime mover

CHINA COMMODITIES UNDERCUT USDOLLAR

by Jim Willie CB

June 18, 2009

Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Click on article to read China commodities undercut US Dollar

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Jim Willie; “China Commodities Undercut USDollar”

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Casey’s Daily Resource Plus: Dollars soars and crude pulls back

BOND VOLATILITY & INTEREST RATE SWAPS

by Jim Willie CB

June 11, 2009

Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.
Click here to read on Treasury bonds and interest rate swaps.

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Jim Willie;BOND VOLATILITY & INTEREST RATE SWAPS

Gold Hotline for Thursday, March 4.
Yesterday's price action in gold, silver, the mining shares, and the currencies has the look of a bottom. And today we're seeing some follow through as gold is up $1.60, the HUI is up 4.05 points, the Canadian dollar is up 31 ticks, and the U.S. dollar index is down 4 ticks after being up earlier this morning.

Only silver is not cooperating at the moment. It is still down two cents.

The U.S. dollar index has just made a good run from below 85 to almost 90. Since its low was yet a new multi-year low, I expect this rally to run out of gas quickly and then to see the dollar resume its bear market.

I can't say for sure, but it appears the rally in the dollar may be over. If so, then this will be good for our gold shares. Also, I looked at the weekly charts for both the Dow and the 30-year bonds. They are both overbought and look ready to roll over to the downside. The Dow has been in overbought territory on the weekly chart for nearly 10 months and that's a long time in this business. And the bonds have been unable to retrace the sharp decline they had last June/July, after seven months of trying.

The next leg in these markets should see higher gold prices, a lower dollar, lower stocks, and lower bond prices. It should make us a lot of money. It may have begun already but we don't have enough evidence to say that. What I can say is that in a bull market, you buy the dips. Gold has dipped from $430 to a low of $391 yesterday. This is a dip that should be bought. It could fall another $10 to the low $380s and test the 200-day moving average, but there's no reason it has to.

As for our stocks, European Minerals (EPMU) released a study this morning that increases the net present value (NPV) of its Varvarinskoye mine from $146 million to $237.5 million. An independent consulting company of high repute restudied the resources, reserves, and pit design of this mine in light of the higher gold price. And this resulted in a much more valuable mine than the last time such a study was done.

The company has a market cap of $52 million and it has $14.6 million in cash. With a deposit that is worth $237.5 million plus the cash, you can see it is very undervalued. While it is getting a "political risk" discount because of its location, it should still see some serious appreciation as we move forward. This kind of wealth can not be ignored no matter where it is. So EPMU remains a buy.

Genco Resources (GGC) announces it has completed 700 meters of ramp development into the San Raphael zone. The decline has intercepted the vein just like they hoped it would. Genco plans to increase its silver production to 220 tonnes per day by the third quarter of this year. This would be about a 50% increase. And it plans to move to full production of 330 tonnes per day by the end of the year.

This company is on the way up and so is its stock. Genco, which is raising C$1.0 million right now at C$1.50 per share, remains a buy.

That's it for today. I'll be back with another Gold Hotline on Tuesday, March 9. Take care now.

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