Wild-ass guessing may work in a super bull junior market, but my sense is that the high risk flying turkey trade is off for now and investors had better apply economic parameters to anything they consider.
As the demand for solar energy has increased so has the demand for the metals needed in the production of solar or photovoltaic panels and the batteries. However, a number of renewable energy forms and technology items that we use daily have added to that growing demand as they also require metals for their production.
Sure, debt crises should be good for gold, but even though the crisis in Europe is escalating gold is not acting as a “safe haven.” If the debt crisis continues until 2015 and gold continues as it does right now, we could see gold trade to $1,000 oz.
The recent correction in precious metals has led some investors to question whether they missed the ultimate top in the bull market for gold and silver. Conversely, this would lead to the question of whether fiat currencies have bottomed.
We are confident that Latin America will not only bring into production many new deposits in the following years, but that many new discoveries will be made as well. We follow the money as Latin America is apparently the place to be.
Vanadium has been creating quite a buzz in clean energy circles of late. And that is expected to give a big boost to production of the little-known metal in North America, including the first vanadium mine being developed in Nevada.
All this dollar-bullishness/gold-bearishness has caused mining companies to sell off big time. Some of them are now 75-80% below their top, and when you look at their charts, it looks like the world is coming to an end for those companies.
China has kept investors on the edge of their seats, as we wait for some monetary or fiscal action. Every day that goes by with no significant policy decisions from the Asian giant causes the market to lose confidence in its ability to steer its ship.
Gold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not harmful to our tissue). These qualities make it the metal of choice in a wide variety of industries, including dentistry and medicine, electrical engineering, construction and aerospace manufacturing.
The widow of Michael de Guzman, believed to have committed suicide in 1996 by jumping from a helicopter above the Indonesian jungle, has told a Singapore newspaper she believes the geologist at the centre of the Bre-X scandal may still be alive.
Copper soars on the prospects of better demand created by the excitement of a Donald Trump presidency, but crude oil is being left out. Concerns that President Elect Trump would cause a surge in domestic oil production will be another factor that will make it harder for OPEC to cut production.