GMiki1

The Case for $1300/Oz Gold

Yes. What an insult to the average consumer that the U.S. government was asking the Chinese to revalue in order to make Chinese goods more expensive. But that's typical. Soak the poor and the middle class. And both Democrats and Republicans are equally clueless, though this Republican administration has been utterly criminal.

Mr. Lee's estimate for gold is conservative here I think. I would expect $1200 to $1250 by the end of 2008. I don't think the dollar will get this pop that its publicity team has been predicting. It can't sustain. We're clueless and in debt with no energy policy. A windfall profits tax for big oil? Taxes on mining companies? In other words death to the only industries we have left that are working? Those aren't "ideas." They are more of the same that got us here.

Whoever is elected, we're in a pot of water that is heating up fast. Like the frog being boiled for someone's dinner, we just haven't noticed yet.

Positive Exploration News Sends U.S. Gold Shares Higher

I hold some shares. Rob has put a lot of his own money into this and he strikes me as both astute and tenacious. The drill results have been good. All the juniors have been off so UXG being down hasn't been a surprise.

Seasonal Gold Price Trends Look Favorably on Summer Purchases

I wouldn't wait too long. We're in very unseasonal times.

Gold Prices Can Fall, Regardless of Fundamentals

Why didn't you just comment on the other, quite well-written piece instead of writing your comment as if it were an independent piece, which it's not? You have nothing substantive to say. You have your opinion but you don't give any reasons for them. In fact, I suspect you don't follow or understand that gold market at all. :)

In fact, you don't know the difference between gold going down and consolidation in the market.

Time to Buy Gold

Even if we go to 10 to 1 oil to gold based on current prices by the end of the year, that will be a nice return on gold. And even if silver doesn't outperform gold, which it might, even if it just jogs alongside--THAT would be profitable.

The downside is that this economy is in a bad way and can't recover until it finally bottoms, which isn't any time soon. It's going to be a real mess.

Gold and Oil Price Limits

They say it's good we're in the minority, in that it extends the gold bull for many years.

By the way whoever said we're in deflation and that gold is down--it isn't. It has been briefly consolidating and is up over $900 today. And look at the platinum group metals--a nice pop this week.

Of course we will develop alternate types of energy within 40 to 50 years. But we don't have that long before we're in crisis mode.

I see in re 33 billion barrels of oil, which field is the deepest find ever and will present almost impenetrable barriers due to water temperature versus planet interior temperature at that depth. (Thanks, Jim Puplava, for that info.)

For sure Ron Paul has been the only economic realist among the candidates. Nice guy, too.

Consol, Synthesis Energy: Waste Coal is the Next Boom

Silverado has a coal to liquid technology that has the support of the state of Mississippi. I'm long Silverado though it has definitely struggled.

I'm long CNX, which has waste coal. I was just looking to see if it has topped out, but now I don't think so with this technology. Also it owns most of CXG and nat gas is totally rising.

Unlearning the Psychology of Markets

Opaque to the Western mind? LOL. Maybe some cultures are more receptive to the idea that gold is money since we've been brainwashed, but I don't think the Asians are really so inscrutable. Economics works in certain ways and everyone everywhere likes to make money. It's not a cult thing or even occult.

Hard Assets Heresy: Talking Down Gold

I looked at the Vanguard Funds results for all the funds for one year and since the first of the year to the end of March. The best performing fund was the Precious Metals and Mining--which has a lot of coal in it, by the way.

Why gold will flourish? Because the Fed is inflating away the purchasing value of the dollar. There's no place else to go but hard assets, and gold is real money. That's the fundamentals. Also, look at a five year chart of gold.

The stock market bull is over. It's over. Commodities, starting with gold for security, are on.

Hard Assets Heresy: Talking Down Gold

This morning spot gold is up about $20. I'll stick with the plodders such as Jim Rogers and Warren Buffet, who don't time the markets.

We're in a gold bull market for good reason--the financial system. All is quiet now, seemingly, but is it really? The dollar is up. But is it, really?

Going to put your money in negative interest-rate securities?

Where has the stock market gone since 2000--and add in something for inflation.

True that to be in this market you have to endure some temporary downdrafts, which aren't as much fun as the powerful updrafts, but buy and hold in the precious metals sector and year over year, you're going to make money. The key is "and hold."

With only a partial investment in this market, I've doubled my money since 2000. That's not "fantastic," but it's better than the majority of investors in the general stock market. I had very big percent conservative (bond) holdings, too, which I've since dumped.

If you can time these markets, then go ahead and short. If not, then just make money being long for the long term. I'm waiting for a nice short-covering rally to take us a lot higher soon.

Sascha Opel on Gold: 'The Ultimate Currency'

A lot of the juniors have good potential and are now cheap. Exceptional drill results (and good management) mean that funding will be available. Start studying drill results--it's not complicated. Look for stable geopolitical sites--Canada, Mexico, Ghana, the U.S.--even China and Colombia.

Gold and Oil Price Limits

What alternate energy? When? Unless we return to the age of the cave dweller who didn't leave home, we need oil. Electric cars? To plug in where and draw on what electricity source, produced how? Coal is finite and in demand--ask the South Africans. Natural gas--not so abundant as you think. Uranium--we're in undersupply right now.

Gold at $2,000--not that long from now as these things go. A couple of years? Currently in consolidation/correcti... but will be up for the year.

Silver is already in shortage as both an industrial metal and as money.

Platinum? In undersupply due to the South African energy situation.

Base mentals? Undersupply on many of these.

Food--definitely a big draw down.

OMG, What a Bad Quarter - Cramer's Lightning Round (5/13/08)

PAL had some recent good exploration news. (I hold a few shares--not much.)

Gold and Silver Are Still Bargains

We had to wait weeks for our latest silver eagles.

The people who really buy gold in large amounts and will buy more aren't those who need to spend that money on food first.

For sure oil is a real need but so is money--and gold beats oil in terms of a trading system. The dollar, as many have already noticed, is losing value. Today, the media celebrates each small pop up, although these weak rallies aren't sustained.

Someone recently suggested that SLV is today's Hunt Brothers--but I've also heard an argument that it wasn't the Hunt Brothers alone that forced the price up.

Yes, it's Tuesday and we must see what Ted Butler has on his mind--as if we didn't know: the enormous potential of silver and the conspiracy of the shorts--but just wait.

Bespoke's Commodity Snapshot (5/12/08)

Look at a much longer chart of gold if you think it's trending down.