The rapidly expanding list of junior mining companies chasing graphite projects will produce only a few successes but currently high graphite prices and the boom in the sector should continue -- unlike other bubbles.
Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures. I often say, money goes where it is best treated, and these deposits will need to find a safe haven.
Together in a good year the industry spends about $2 billion more than it generates in earnings and takeovers. In a bad year the industry loses $8 billion more than it generates, Rick Rule of Global Resource Investments warned, in what he termed the “price loss ratio.”
Gold remains a premiere investment and will end the year above $1,600 per ounce to mark the 12th consecutive year of increases for the metal, gold expert Pamela Aden of Aden Forecast said in a presentation at this week’s Hard Assets Conference in New York.
Trader, economist and Gartman Letter publisher Dennis Gartman knows when he is wading into a hostile crowd. He brought up gold in his keynote address to the New York Hard Assets Investment Conference and immediately acknowledged his contrarian views.
When we last visited this price area on gold in December 2011, I challenged the loud-mouthed gold bears to wager $1 million dollars on gold hitting $2,000 before $1,000. I offered the world’s worst gold forecaster and the “Tokyo Rose” of the gold market to double that bet.
A Q&A with the chairman of Sprott Inc., chief excutive officer, chief investment officer and senior portfolio manager for Sprott Assett Management LP and chairman of Sprott Money Ltd., on his “Call to Action” to silver producers.
Casey Energy Opportunities Senior Editor Marin Katusa, Global Resource Investments Founder and Chairman Rick Rule and Casey Research Senior Editor Louis James, turn their attention to oil and natural gas prices and opportunities in equities.