Gold/Precious Metals

Three Ways to Own Silver Before it Reaches $30

Leprechaun investors found their pot of gold four days before St. Patrick's Day, when gold broke the historic $1,000 an ounce mark. The chief reason for gold's ascent is simple. Gold is a "safe haven." When economic and geopolitical turmoil rears up, investors scurry for gold. And the billions in subprime write-downs and the failing […]

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Barrick's Bullish View of Gold Signals Higher Prices Ahead

By William Patalon III Executive Editor Money Morning/The Money Map Report With gold trading at nearly $1,000 an ounce, yellow-metal prices have risen a long way and for a long time. And yet there still looks to be plenty of room to run. At least, that's what we can take away from the most recent […]

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Gold's Meteoric Rise Couldn't Save Harmony Mining

By Mike Caggeso Associate Editor Despite gold's meteoric rise, South Africa-based Harmony Gold Mining Co. (HMY) posted its third-straight quarterly loss as the company suffered a 44-day mine stoppage and an 8.3% decline in gold production. After factoring in taxes, exploration costs and operating costs, the company lost $7 million (55 million rand). The company's […]

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Oil Sinks, Gold Rallies

By Jason Simpkins Associate Editor Oil retreated again yesterday (Tuesday) on mounting recession fears while gold bounced back from a three-week low on as the Federal Reserve slashed interest rates by 75 basis points. After falling as low as $86.11 in early morning trading, light sweet crude for February delivery settled at $89.85 a barrel […]

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Inflation – Not a Speculative Bubble – is the Force Behind Soaring Gold Prices

By Peter D. Schiff Guest Columnist Holding onto its "all-is-well" bias like a terrified cowboy on an enraged bull, Wall Street has managed to convince itself – and much of the world – that inflation is a non-issue.  When confronted with facts to the contrary, Wall Streeters' rationalizations come thick and fast. And nowhere is […]

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Gold Glimmers As Inflation Hedge

By Jennifer Yousfi Managing Editor Gold reached a new all-time high on Friday, as prices for an ounce of gold gained $6.50 to $900.10 in early trading for February delivery on the New York Mercantile Exchange.  "It's a reflection of market sentiment: Gold is a hedge against uncertainty and right now it's the best bet," […]

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Gold ETF Recommended by Money Morning Gurus Eclipses Dutch Central Bank on List of Global Gold Holders

From Staff Reports The streetTRACKS Gold Trust Exchange-Traded Fund (GLD), an ETF that Money Morning's investment gurus have recommended several times, has overtaken The Netherlands to take over the No. 8 spot on the list of the world's top holders of gold, ResourceInvestors.com reported on its web site yesterday (Thursday). The GLD ETF now holds […]

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Two Ways to Profit as You Stabilize Your Portfolio With Gold

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report There it was again – the inevitable question that I've been getting time and again lately at investing conferences: "Keith, why don't you recommend gold?" Well, actually, we do – just not for the reasons many investors might think. And certainly not in the way […]

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OPEC's Dollar Gaffe Means You Should Go For Gold

An accidental reception of what was supposed to have been a "closed-circuit" broadcast of a recent meeting of the OPEC (Organization of Petroleum Exporting Countries ) caught members discussing the merits of dropping the U.S. dollar as the benchmark currency for oil deals. A recent report from James Turk at our U.K. affiliate MoneyWeek Magazine […]

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Eight "Juniors" to Play for Major Profits in the Gold and Silver Sectors

Definitions may change, and governments may fiddle the figures, but inflation goes up regardless. A special report from Dominic Frisby and our U.K. affiliate MoneyWeek says it's time to buy commodities. Money Morning contributed to this report. Unless your name is Rip Van Winkle, or you work in a drab, windowless office in Washington and […]

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Breather or Bear Market? Gold Bulls Stumble in Trading Yesterday

By Mike Caggeso Associate Editor Nearly every U.S. consumer is feeling the continuous slow burn from this summer's credit rout. If it didn't devalue their home or stocks, it trickled into the higher costs at grocery stores and gas stations in the form of rising commodity prices and a weakening dollar. These credit-induced pains can […]

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UBS Boosts Target Price for Gold Stock Recommended by Money Morning

From Staff Reports Analysts at UBS AG (UBS) have maintained their "Buy" rating and lifted their target price on the shares of Newmont Mining Corp. (NEM), one of the gold-mining plays recently recommended by Martin Hutchinson, Money Morning's director of global investing research. In the Oct. 25 Money Morning story "Five Ways to Profit From […]

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Production Report Drives BHP Estimates Down

BHP Billiton Ltd. (BHP), the world's largest mining company, released a lackluster output report Tuesday. According to the report, the company continues to take substantial losses related to its Australian uranium operations.  The Age of Australia reported that BHP has been forced to make spot market purchases of uranium to fulfill its supply obligations. That […]

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The Five Ways to Profit From the Pending Gold Bubble

By Martin Hutchinson Director of Global Investing Research (The First of Two Parts) The Fed has kept interest rates too low for the last decade, causing bubbles in tech stocks and housing, and has now begun to lower rates anew. Other central banks have done the same, notably in China, where the economy and the […]

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