GOLD ANALYSIS

CRISIS TIME

Global listed gold sector on the up

Wednesday , 02 Jul 2008
Led by Goldcorp, trading at record levels, listed gold stocks run hard and move sharply back up the global resources performance ladder.
$906/950/1000 AVERAGE 2008/09/10

Citigroup says long-term gold price could double or even triple

Monday , 30 Jun 2008
Citigroup suggests that inflation and the fabrication outlook favor gold.
MAGIC FORMULA

What is it about Goldcorp?

Saturday , 28 Jun 2008
The lift in the gold price underpins the continuing stellar performance of a stock that just seems to have it all.
DOLLAR SEEN AS REMAING WEAK

The same old story - higher gold on strong oil and weak dollar

Friday , 27 Jun 2008
The price of gold still seems inextricably linked in the mind of investors to dollar weakness and oil price strength as it remains in positive territory after a big rise the previous day.
INVESTMENT INSIGHTS

SA golds: a "glimmering" trading opportunity

Wednesday , 25 Jun 2008
RBCCM says that the South African gold sector appears to be around its most attractive pricing in almost six years.
INCREASING HEADWINDS

AngloGold Ashanti dives too - The SA Factor

Friday , 20 Jun 2008
South Africa's the common linkage as the stock price of another global Tier I gold miner hits 12-month lows.
BUBBLE COULD BURST

Is gold too low compared with oil – or is it that oil is just too high?

Wednesday , 18 Jun 2008
With oil costs reaching potentially unsustainable levels, the gold market has to be prepared for a reaction to a possible puncturing of the oil price bubble.
MINE—AS GOOD AS IT GETS?

With volatile commodity prices, diversified miners fare better than gold miners

Tuesday , 17 Jun 2008
A PwC report says 2007 saw reduced margins by the Top 40 mining companies, but these margins remain at high levels, but costs increased faster than revenues.
WAL-MART STRATEGY

Gold Fields: it's a kind of carnage

Monday , 16 Jun 2008
When the stock price of a leading Tier I gold producer hits 12-month lows, it may be an ominous sign of things to come for others in the sector
GOLDCORP, AGNICO, YAMANA TOP PICKS

Macquarie remains bullish, but selective on gold sector stocks

Friday , 13 Jun 2008
Despite record high gold prices that hit $1,033/oz in the first quarter, Macquarie Research Equities found gold mining sector production was marred by ongoing cost pressures.
ANOTHER FALSE DAWN

Yo yo week for gold bullion

Thursday , 12 Jun 2008
The gold price shot up to a 2-week high on Monday, before retreating again as the week wore on. Market watchers see possible further falls although they mostly consider the downside is limited.
DUBAI UNDAUNTED BY STRONG GOLD PRICE

Dubai gold imports expected to rise again

Monday , 09 Jun 2008
High gold prices are unlikely to affect the level of imports into Dubai, despite the recent 7.6% fall in purchases by the ‘City of Gold’ say industry executives.
STOCKS UNDERPERFORM

Gold: to have or have not?

Friday , 06 Jun 2008
Are listed gold stocks overwhelmed by seismic shifts in global resources, and facing a permanent loss of status?
GOLD GOOD, GOLD STOCKS BETTER

Recession fears diminish and gold price struggles - but for how long?

Friday , 06 Jun 2008
Gold has survived so far its recent hiatus period, but what does the current improvement in general economic sentiment mean for the price ahead?
STILL A DIVERSIFYING ASSET

What does a US recession imply for the gold price?

Wednesday , 04 Jun 2008
Recent research from the World Gold Council is particularly pertinent following the revision to the US First Quarter GDP figures.
HEDGE BOOK ANALYSIS

Soc Gen gold mine hedge book: big cuts in Q1 and more expected in Q2

Friday , 30 May 2008
Producers continue to dehedge at a high rate led mainly by AngloGold Ashanti and are expected to repurchase at least 200 tons during the year – or probably much more.
GLOBAL RESOURCES

Gold bullion hammered

Wednesday , 28 May 2008
Gold prices “may well have a washout below the $850/oz support level” – Bank Credit Analyst.
ECONOMIC PROSPERITY

Indian money likely to buy more gold

Wednesday , 28 May 2008
The WGC says in its latest World Gold Trends the potential for additional gold buying in the world’s largest gold market, India, is increasing.
OVERALL OUTLOOK POSITIVE

Gold price consolidating - analysts looking for further gains ahead

Saturday , 24 May 2008
As the gold price consolidates in the $920-930 range the outlook for further rises becomes stronger with many predicting $1,000 plus again by late in the year.
GENERAL INVESTMENT ENVIRONMENT ENCOURAGING

Gold demand in Q1 five year low – Vietnam becomes the largest retail investor

Wednesday , 21 May 2008
High prices continue to hit tonnage, but value during the first quarter was at close to record levels. Supplies fell sharply quarter-on-quarter, as mine de-hedging more than offset an increase in scrap.
BASE METALS ‘CHOPPY’

ANZ says gold prices may firm this week, then drift lower as dollar near trough

Wednesday , 21 May 2008
While “overstated Chinese metal supply outages should trigger profit-taking in lead and zinc,” ANZ forecast Tuesday that base metals prices over the coming months “are likely to be choppy to weaker.”
CENTRAL BANK GOLD SALES SLOW

Big Q1 drop in gold hedge book, but end of dehedging in sight

Friday , 16 May 2008
The quarterly Fortis Hedging and Financial Gold report says the first quarter of 2008 saw a “huge” drop in gold hedging, but the market support from producer buybacks is coming to a close.
BOOK REVIEW

Gold - the “green metal for the twenty-first century”

Tuesday , 13 May 2008
Among the players in the gold market, perhaps central banks are not as important as we have thought – and the gold standard is nothing new.
NOT A STRAIGHT PROGRESSION

Outlook for gold and silver slightly weaker but platinum favoured

Tuesday , 13 May 2008
The London-based commodities research arm of French Bank Natixis reckons that the outlook for gold and silver, although generally positive, is muted in the near term while platinum and palladium should perform a little better.
EURO SELL SIGNAL?

Weaker gold price may point to overvalued Euro

Tuesday , 06 May 2008
The recent gold price reversal, coming as the euro continued to climb a aginst the dollar, may be a signal that euro strength has been overcooked.
MARCH PEAKS

Gold stocks take pounding in a bear hug

Sunday , 04 May 2008
Leave aside rambling gold prices, and consider how very poorly listed gold stocks have been performing.
EXTERNAL FACTORS DOMINATE

Gold is back, but how long can it last?

Friday , 02 May 2008
London-based VM Group* forecasts the possibility of gold trading within a wide range over the next 18 months from $700 to $1,300 as it falls back from its recent peaks
INVESTOR HUB: Gold

   

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Thursday , 03 Jul 2008
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