Gold's Sharp Rebound Confirms Bottom Is In [View article]
The Australians are making deals with China that will further undermine the US dollar's supremacy? That should earn them a spot on the American "Must intimidate into submission" list which is just one step ahead of the "Must bomb into submission" list.
Canadian Investor Frank Giustra Rotating Out Of Gold ETFs And Into Miners [View article]
Interesting article. I believe that ultimately, Mr Giustra will be proven correct. There is a gradual but persistent move away from the US dollar as the world's reserve currency and also in it's role as the oil petrodollar. To date, the US has been able to intimidate smaller countries with the threat of military enforcement of the petrodollar doctrine but that threat isn't going to work on Iran, China or Russia India and several others. America cannot bomb them all into submission.
It makes sense that the purchasing power of the dollar will continue to erode and that gold will be a big beneficiary of that inevitable decline.
New regulations here and across the pond will eliminate $17B of trading revenue from the global banks, says Deutsche Bank - about 9% of total sales last year. The costs will be onerous enough, says Deutsche, as to maybe force the departure from FICC (bonds, commodities, currencies) trading of any firm with less than 6% market share. At risk: HBC, RBS, CS, MS, SCGLY.PK. UBS has already exited. [View news story]
Maybe we should organize a protest on their behalf?
Gold miners soon will release quarterly earnings, but J.P. Morgan says investors should focus on what the companies are doing to cut costs. Barrick Gold (ABX) would be profitable even if gold falls to $1,300/oz., the firm says, but remains vulnerable due to cash needed to operate the Pascua Lama mine and massive debt on its balance sheet. Goldcorp (GG) has a strong balance sheet and $2B in an undrawn revolver. [View news story]
I keep reading about how all the coin dealers are sold out. Is the retail investor the new 'smart money'?
The main future demand will be export related. The Obama administration cannot continue denying export permits to the various big companies that want the best possible price for their product. Ultimately, they will prevail and that will change the dynamics of having a plentiful domestic supply of NG. Oh yes, it will still be plentiful, just not cheap.
Unintended Consequences Increasing World Demand For Gold [View article]
The transfer of wealth from the west to the east has been going on for some time and the process has accelerated in the past few years. US dollars are no longer trusted and for good reason. Now they want gold and we are handing it over in exchange for American funny money that they are more than happy to give back. It will be interesting to see if Asian demand picks up once the bottom is in following the current sell off.
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Gold's Sharp Rebound Confirms Bottom Is In [View article]
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Canadian Investor Frank Giustra Rotating Out Of Gold ETFs And Into Miners [View article]
It makes sense that the purchasing power of the dollar will continue to erode and that gold will be a big beneficiary of that inevitable decline.
Crossroads, Will They Ever Let Stocks Go? [View article]
New regulations here and across the pond will eliminate $17B of trading revenue from the global banks, says Deutsche Bank - about 9% of total sales last year. The costs will be onerous enough, says Deutsche, as to maybe force the departure from FICC (bonds, commodities, currencies) trading of any firm with less than 6% market share. At risk: HBC, RBS, CS, MS, SCGLY.PK. UBS has already exited. [View news story]
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Gold miners soon will release quarterly earnings, but J.P. Morgan says investors should focus on what the companies are doing to cut costs. Barrick Gold (ABX) would be profitable even if gold falls to $1,300/oz., the firm says, but remains vulnerable due to cash needed to operate the Pascua Lama mine and massive debt on its balance sheet. Goldcorp (GG) has a strong balance sheet and $2B in an undrawn revolver. [View news story]
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Unintended Consequences Increasing World Demand For Gold [View article]
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