Gold Steady as Dollar Continues to Weaken

Source: Market Oracle, GoldCore (7/21/09)

"Activity in gold ETFs has been particularly positive. . ."

Gold: Gold continues to hold steady in the face of continuing dollar weakness. The dollar has firmed up slightly this morning, resulting in gold dipping below the $950/oz mark, a level it sustained in trading yesterday. Activity in gold ETFs has been particularly positive with the ZKB ETF reporting the 4th consecutive week of positive inflows and news that bank vaults in Switzerland are having capacity issues due to the volumes of gold and silver being stored there.

Silver: Silver has followed suit, mirroring the fortunes of gold. After trading in the high $13.60s yesterday, silver has also been affected by the slight strengthening of the dollar and has dipped to $13.60/oz. A break above $14/oz could see silver quickly challenge the recent highs at the $16/oz mark.

Platinum group metals: Platinum is up in early morning trading, a small $2 to $1183/oz. A sustained hold above $1,200/oz would be a positive signal for this metal. Palladium pushed through $250/oz yesterday, an important benchmark and is currently trading at $252/oz. After a couple of weeks of downward momentum, rhodium has gained overnight and is currently trading at $1,375/$1,500/oz.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."