Lets Go Juniors! Lets Go!
For many investors in the precious metals market, the year 2004 was not a good one. Although gold is now up some 10% from a year ago, gold stocks have been basically flat on average. No matter what measurement you take, it was not easy to make money this year.
I have been thinking about how simple, but difficult, investing is. Figuring out the relationship between gold and the dollar was not difficult. Understanding that the ballooning trade deficit would eventually cause the dollar to fall was also easy. The difficult part is acting on your beliefs when no one else agrees with you.
Gold closes above $450
NEW YORK (Reuters) U.S. gold futures closed at a 16-1/4-year peak above $450 an ounce Monday as the market caught up with higher bullion following the U.S. Thanksgiving Day, while silver ended at a seven-month peak.
Gold charges above $455 an ounce on weak U.S. dollar
NEW YORK (Dow Jones/AP) -- February gold futures hit fresh contract highs of $455.30 per ounce Monday as sustained weakness in the U.S. dollar and a bright technical, or chart, pattern continued to steer speculative players toward gold.
Harmony digs in heels on premium for Gold Fields
SHARES of both Harmony Gold and its hostile bid target, Gold Fields, were pricing in the possibility of a slightly higher bid, analysts said, but Harmony vowed yesterday not to change its initial partial offer.
Yamana Gold says reserves at Sao Francisco project up 20 pct vs previous study
LONDON (AFX) Yamana Gold Inc said proven and probable reserves at its Sao Francisco gold project in Brazil have increased 20 pct, according to its final feasibility study.
Social Security and the Mini Bull Market
The stock market going up at the same time as the dollar going down, with all the other economic headaches both domestic and foreign, is just too, too weird for me, and I thank my lucky stars for the calming effect of modern pharmaceuticals, doctors who are not squeamish about keeping me overly-sedated and a wife who prefers it that way.
Fahrenheit Oil and Gold: China & the Final War for Resources
In their 1999 seminar treatise entitled, Unrestricted War: China’s Master Plan to Destroy America, Colonels Qiao Liang and Wang Xiangsui state that in order for China to become a dominant global power over the United States, „The Final War over Resources“, must be successfully concluded.
Uraniums New Ally: Environmentalists
In 2000, the worlds top environmentalist, James Lovelock pioneer of the «Gaia hypothesis» on the interconnectedness of life on our planet stood nervously before a meeting of Friends of the Earth members. He had come to deliver a new message to his peers, a message he wasnt certain they were ready to hear.
Sunny Gold Outlook Means Lower Dollar
The Dollar Index turned higher yesterday after making a low just 0.38 points from a hidden-pivot target at 82.72 that wed been anticipating since September. If it had happened in a vacuum with no other evidence to consider, Id tell you to fasten your seat belts and get ready for a wicked ride into the low 90s.
The goddess of gold
The Daily Reckoning PRESENTS: To a young girl, gold jewelry is seen as mere ornaments to hang around her neck and from her wrists. To India’s inhabitants, and to today’s investors, gold means much, much more. Read on…
Still trying to hustle the east
he Daily Reckoning PRESENTS: When you get right down to it, every war has stemmed from a mass of people struggling for power…and once the masses get started, there’s no stopping them. Bill Bonner shows us how absolute power corrupts absolutely…
Chinas foot on americas throat
The Chinese ambassador to the United States was in our hometown of Dallas last week giving a speech, so we decided to pay him a visit. Ambassador Yang Jiechi, who speaks impeccable English, gave an interesting speech concerning the current and future state of U.S.-Sino relations.
Gold = Wealth, Cash = DEBT!
You can hold a lighter under a one-ounce gold bar for hours, or until it runs out of gas. Nothing will happen. Now try the same thing with a bundle of $100 bills. Thats an apt representation of the permanence of gold wealth versus paper-wealth.
U.S. Stock Market Enjoys Post Election Honeymoon
You have to hand it to the «Dont Worry, Be Happy» crowd on Wall Street. No one sings «Happy Days Are Here Again» better than they do (and the eternal bull Larry Kudlow on CNBC-TV should win their «Best Vocalist» award). The current euphoria on Wall Street goes like this.
Attention! Bull Bugs!
Take your position and get ready to ride the reborn secular gold bull market. Gold closed the week at a 16 year high and more than $3 above the double top resistance of January and April 2004. Simultaneously, the US dollar index broke down below its 2004 support and made a new 9 year low.
Good News for Gold
The re-election of George Bush signals another four years of the same in U.S. politics and economics: budget deficits, trade deficits and mounting debts. The gold price has rallied since the election as at least a few investors are converting dollars into gold in anticipation of a continuing slide in the value of the U.S. currency.
Gold steady in easy reach of $450
Firm oil prices on winter supply concerns, a cut in IMF global growth expectations from 4.3% at the end of September to 4% and the shortened Thanksgiving holiday week in the US has kept gold trading in a more orderly fashion today, between $446 and Friday’s high of $448.
Fury Sanya Project Assays Return High-Grade Gold
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 22, 2004--Fury Explorations Ltd. (TSX VENTURE:FUR) (the «Company») is pleased to present assay results from an ongoing underground sampling program at its Sanya Gold Project, Hainan Province, China.
NY gold rises early as dollar stays soft
NEW YORK, Nov 22 (Reuters) U.S. gold futures climbed to sturdy ground Monday morning not far from 16-1/4-year highs as investors continued to buy on the sagging U.S. dollar, trading sources said.
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