Gold equities are in competition with gold ETFs for shareholder dollars. The Goldman Sachs managing director discusses steps gold companies must take to pull investors back from ETFs and shares an outlook for the gold price over the next year or so.
Meadow Bay not only successfully confirmed a historic resource estimate after an initial drill program. There is much more gold and silver in and around the Atlanta Mine, that was closed in 1980s, as expected.
The fourth quarter began with modest losses in precious metals as well as the US dollar and the euro this morning. Spot gold started the new month with a $3 loss and it was quoted at $1,768 per ounce in New York. Silver fell 20 cents to open near $34.31 the ounce.
This past week was a major catalyst for the precious metals, as they close the week up strongly based on strong fundamentals for the sector. We have been anticipating the next catalyst for the PM sector to start making a strong advance, and we got it.
Recently a plethora of alternative names have been proposed and promoted for what were once known as the specialty or minor metals. These mostly obscure elements span the gamut from the lightest to the heaviest on the periodic table.
Dire threats are heard on the street today. I am not disputing the reality, that any of these events are real, but for each scenario you need to consider the right way to own metals. It is to these approaches and psychological sub-groups that this article speaks.
Labor problems and low prices have platinum mines closing in South Africa, and potential for acquisitions ripening. Analysts George Topping and Michael Scoon of Stifel Nicolaus discuss supply trends for platinum group metals as well as iron ore and other commodities.
Is gold preparing for another shot up to $2,500/ounce heights or on the way down after being overbought? Two respected names in the investing world share their arguments for what could happen in the coming years and how to profit from it.
While it might not look like it now, the most investable trend over the next 20 years is going to be in the resource sector, the renewable and non-renewable resources, the minerals, ores, fossil fuels and biomass.
The editor and publisher of the Hard Rock Analyst newsletter, has never heard so much negativity from investors. "Everybody thinks the world is coming to an end," he says. As a contrarian, all the doom and gloom tells him the market is about to pull out of its tailspin.