Gold Traders Await Wednesday Fed Meeting for Next Move
Members of the Board of Governors of the Federal Open Market Committee (FOMC) began arriving early to the Eccles Building in Washington D.C. on the morning of Tuesday, October 23rd. The scheduled two-day meeting is an event that is closely followed by gold traders, but this particular FOMC meeting is taking place just weeks after […]
China is Buying Gold in Record Numbers
The last 10 years have seen a dramatic and steady rise in the price of gold, with an average of just over 17% per year. This precious metal is becoming more desirable as an investment, especially in wake of global economic problems. China is one country that has been particularly active in increasing its reserves. […]
Gold Juniors in Canada Looking More Attractive
Canada is one of the largest economies in the world, and it recently made a bold move to strengthen its economic core. The country recently pulled out from the Kyoto Protocol to strengthen economic opportunities that the country has for investors. The move is likely to make Gold Juniors in Canada a more attractive investment option. […]
Greeks Flee to Australia Gold Rush
Australia’s mineral rich environment gives rise to waves of emigrants arriving to work periodic gold rushes, a pattern that began in 1851 and continues to this day. Emigrants from economically depressed countries have always found a way to arrive, bag in hand, despite the country’s increasingly strict visa and immigration rules. The persistent and global […]
South American Gold Brings Investment and Concerns
Despite setbacks in recent years, the market for precious metals is turning around and attracting the attention of investors worldwide. Countries like China and Canada are especially eager to place their claims on foreign natural resources, and South America has become one of the most popular regions for mining companies to expand into. Vast […]
Venezuela Repatriates its Gold Reserves According to Plans
The South American country of Venezuela has completed it plan to repatriate its gold reserves that had been held in foreign countries. Last August, Hugo Chavez announced his intention to bring home the estimated $9 billion in bullion as a demonstration of the country’s sovereignty and sound monetary policy. He said that having it under […]
Increased Mining Costs in South Africa Reducing Investor Appetite
Investors are turning their attention away from the nation and looking to more profitable mining operations in other regions as mining costs in South Africa rise at a higher rate than inflation. The industry analyzing group Bernstein Research indicated that costs have risen 18% year-on-year. The most important contributors to cost increases have been wage […]
Bring Out Your Dead
Bring Out Your Dead By David Galland, Managing Director, Casey Research Last week, the price of gold again broke below its new base at $1,200, and the U.S. stock market was again under strong pressure, due to a confluence of fears, most of which point to a deflationary double-dip. The fears were fanned by disappointment […]
Gold Meltdown or Mania – Batten Down the Hatches
Gold Meltdown or Mania – Batten Down the Hatches by Louis James, Senior Editor, Casey’s International Speculator As Doug Casey said recently, we expect things to come unglued soon. With the ongoing madness in Europe, it seems to me that things are starting to look visibly less well glued already. In contemplating the possibility of […]
Who’s Scoffing Now?
Who’s Scoffing Now? by David Galland, Managing Editor, The Casey Report A couple weeks ago, the family and I watched Dirty Jobs, an altogether entertaining show from the Discovery Channel. In the episode we watched the host, Mike Rowe, serve as a mechanic in the military. There were a couple of things that caught my […]
