Best of the Week

Friday, November 07, 2008

Rick Rule on Commodities: Be Prudent, Study Hard, and Take Advantage of Volatility / Commodities / Resources Investing

By: The_Gold_Report

Investor Rick Rule, founder of Global Resource Investments, is legendary in the mining, energy, and exploration business. In this edited transcript from a presentation for clients, Rule shares his thoughts on the current situation. Rick founded GRI in the late 1970s, in middle of a commodities price boom, and led it though the subsequent recession of the early 1980s and all the economic ups and downs since then. The excerpt below, edited for length and clarity, focuses on his outlook for commodities.

. . . I expect the outlook for commodities to be good relative to other sectors, and I think in certain instances. . we're going to see this year. . .some extraordinary opportunities.

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Thursday, November 06, 2008

Gold Steady as UK Slashes Interest Rates to 57-Year Low / Commodities / Gold & Silver

By: Adrian_Ash

THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades.

"The bears are back in full control," says Walter de Wet at Standard Bank in Johannesburg, "after bulls across the globe realized that current economic problems cannot be voted away.

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Thursday, November 06, 2008

Gold Retraces Following Post Election Profit Taking / Commodities / Gold & Silver

By: Mark_OByrne

Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices ( the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession. Silver was the exception and was more robust and continued to rise after the previous day's sharp gains.

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Wednesday, November 05, 2008

Gold Choppy as Investors Review the Obama Bounce  / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD slipped back from an overnight high of $769 per ounce in London on Wednesday, while European stock markets reversed one-third of Tuesday's "Obama Bounce" after the president-elect's US landslide was confirmed.

The UK's FTSE100 index lost 1.3% on new data showing the manufacturing sector suffering its worst contraction since 1980.

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Wednesday, November 05, 2008

Brien Lundin: Is Gold Holding a Wild Card? / Commodities / Gold & Silver

By: The_Gold_Report

As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn.

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Wednesday, November 05, 2008

President Obama Inherits Great Challenge akin to Carter and Roosevelt / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks. Important elections often see markets reverse course and witness trend reversals and this is one of the most momentous election victories in US history.

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Tuesday, November 04, 2008

Crude Oil Turns Bullish / Commodities / Crude Oil

By: Mike_Paulenoff

Let's notice the rounded bottom in the U.S. Oil Fund ETF (AMEX: USO), carved out since Oct 21, and though it represents a relatively minor base pattern, it should propel the USO into the 60.00-62.00 area in the upcoming days. Only a sudden downside reversal and plunge beneath 52.00 will wreck the developing pattern.

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Tuesday, November 04, 2008

Commodities, Slowing Economies= Lower Prices / Commodities / CRB Index

By: Donald_W_Dony

KEY POINTS:
• Cooling global economies chilling growth prospects for commodity prices until 2010
• Oil remains pinned under $100 over next 18 to 24 months. Downside target revised to $50 to $63 by business-cycle finish
• Downward pressure holds in November for gold, as global funds run to U.S. dollar treasuries; price target lowered
• Natural gas seasonal strength; still waiting for advance. Lowering target

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Tuesday, November 04, 2008

Gold Jumps as America Votes / Commodities / Gold & Silver

By: Adrian_Ash

THE PRICE OF GOLD jumped into the Wall Street opening on Tuesday, adding to an overnight rally and touching a 5-session high of $745 an ounce as European stock markets rose for the seventh-day running.

The US Dollar slipped back ahead of today's presidential election, losing 2.5¢ to the Euro and reversing half of Monday's gains vs. the Pound Sterling.

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Tuesday, November 04, 2008

Gold Holds Steady Amidst Continuing Deflationary Pressures / Commodities / Gold & Silver

By: Mark_OByrne

Gold was up marginally yesterday despite further strength in the dollar and a further sharp fall in the oil price. Deflationary pressures continue to be prevalent and central banks internationally continue to aggressively cut interest rates in an effort to stimulate credit growth and inflate their way out of a possible Depression.

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Tuesday, November 04, 2008

Governments Attempting to Rule Over Bankers / Commodities / Credit Crisis Bailouts

By: Julian_DW_Phillips

The events of the last two weeks have presented enormous ‘moral' hazards for governments and the banking industry.   When we call them moral hazards we are not talking about biblical morality, but the principles behind government [Democracy] and banking [Profit and Prudence].

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Tuesday, November 04, 2008

Gold and Silver Mining Stocks Time to Buy? / Commodities / Gold & Silver Stocks

By: Peter_Zihlmann

PERFORMANCE: ONE MONTH / TWELVE MONTHS

% CHANGE	PRICE OCT. 31	1 MONTH	12 MONTHS
THE TIMELESS PRECIOUS METAL FUND (EUR)	3.58	-40.5%	-77.6%
THE TIMELESS PRECIOUS METAL FUND (USD)	4.57	-46.6%	-80.2%
GOLD	723.20	-16.6%	-8.4%
SILVER	9.81	-18.3%	-31.5%
PLATINUM	824.00	-18.4%	+43.0%
PALLADIUM	199.00	-0.2%	-46.6%
GOLD & SILVER INDEX - PHILADELPHIA ($XAU)	81.08	-38.2%	-56.2%
AMEX GOLD BUGS INDEX ($HUI)	193.87	-38.3%	-54.8%
GOLD MINERS INDEX - AMEX ($GDM)	574.84	-38.6%	-57.5 %

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Monday, November 03, 2008

Gold Mining Stocks Base Building / Commodities / Gold & Silver Stocks

By: Mike_Paulenoff

My near-term pattern and momentum work in the Market Vectors Gold Miners ETF (AMEX: GDX) suggests strongly that the gold miners ETF has some unfinished business on the upside prior to the completion of the upleg off of the 10/24 low at 15.83. At this juncture, I am expecting a pop to the upside out of the 3-day sideways congestion area into new recovery high ground, which projects into the 23.50-24.50 target zone, after which I will be looking for a significant pullback to set up a much more potent buying opportunity.

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Monday, November 03, 2008

Gold Rally Stalls Despite Bail-Outs Sparking Huge Monetary Inflation / Commodities / Gold & Silver

By: Money_Morning

THE PRICE OF GOLD rose 2% early Monday, briefly touching $739 an ounce before slipping back as world stock markets continued to struggle after suffering their worst month in 21 years.

Crude oil slipped again, while the US Dollar and Japanese Yen held steady on the currency markets after October's record surge, when "all the trades that worked well for the past five years went badly very quickly," as one Citigroup strategist put it to Reuters this morning.

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Monday, November 03, 2008

Gold Near Low as Massive Physical Demand Continues / Commodities / Gold & Silver

By: Mark_OByrne

Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals.

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Sunday, November 02, 2008

U.S. Money Supply Growth to Lead to Higher Inflation and Gold Price / Commodities / Money Supply

By: Ned_W_Schmidt

In the past few weeks, U.S. Federal Reserve has joined with U.S. Treasury in an attempt to remedy the financial fiasco. In that effort, the Federal Reserve's balance sheet has ballooned by more than 50%. Never in peace time history has the central bank for the world's reserve currency so intentionally implement policies that will destroy the value of that reserve currency .

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Friday, October 31, 2008

Eric Lemieux: Gold's Behavior Flies in the Face of Every Theory / Commodities / Gold & Silver

By: The_Gold_Report

In an exclusive interview with The Gold Report, Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, describes gold's inexplicable descent as a violation of market fundamentals. Eventually the worsening supply deficit will energize the precious metals sector and when it does, he believes the junior explorers will be well positioned to benefit. He focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers.

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Friday, October 31, 2008

Commodities Bull Market? / Commodities / CRB Index

By: Zeal_LLC

The face of today's mainstream financial media has gone from meaningful analysis and commentary to constant tub-thumping between undisciplined Main Streeters, overambitious Wall Streeters, and ignorant bureaucrats. It has turned into a showcase of the blame game, everyone looking for a scapegoat to shoulder the iniquities of the masses.

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Friday, October 31, 2008

Gold and Stocks End October With Huge Loss of Value / Commodities / Gold & Silver

By: Adrian_Ash

SPOT GOLD BULLION PRICES bounced from $725 an ounce early Friday, nearing the month's end nearly 10% down against most major currencies – including the Dollar – as world stock markets reversed this week's rally.

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Friday, October 31, 2008

Gold Falls on Comex and Futures Selling Despite Huge Demand / Commodities / Gold & Silver

By: Mark_OByrne

Gold continues to surprise to the downside on the Comex and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products.

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