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DOUG CASEY www.caseyresearch.com
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| Gold is the only financial asset left in the world that's either safe or cheap. It's also under owned and largely unrecognized, which is why the smart money has been moving into it.
If you haven't done so already, take advantage of the current correction in gold to begin repositioning your portfolio for what's next.
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| - June 2006 |
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JIM ROGERS www.jimrogers.com
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| The boom in energy and raw material prices will endure, driving gold to a record $1,000 an ounce.
Nobody has opened any major mines anywhere in the world for many years and it takes a long time to bring new mines on stream,....All the old mines are in the process of being depleted and demand is continuing to grow.
Supply and demand is terribly out of balance for nearly all commodities right now,....This is not a bubble.
The shortest bull market for commodities lasted 15 years, the longest 23 years, so if history is any guide, they've got a long way to go.
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JIM CRAMER www.thestreet.com
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| Gold could reach $1,000 if the Chinese stop buying our paper. Once the levee to the treasuries breaks, the easy high ground worth gaining will be gold.
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NICK BARISHEFF www.bmsinc.ca
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| Some investors think the precious metals bull market is well advanced, and they have missed the boat. However, when we compare the current market to the bull market of the 1970s, it becomes apparent that we are still in the early stages of what could be a 20-year bull market. |
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PETER GRANDICH www.grandich.com
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| Despite what one may hear and feel, gold's role as the ultimate currency to hold and safe-haven status didn't end on June 13, 2006. Every single major fundamental factor that has supported its secular bull market run remains intact.
The secular bull market in precious metals is far from over! At best, we're in the fourth or fifth inning.
http://www.kitco.com/ind/grandich/aug162006.html
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IAN TELFOR
President and Chief Executive Officer, Goldcorp www.goldcorp.com
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I think all the reasons that gold got to here are still there. It may go dramatically past $800 but I don't think it's going to go below $500 for a long long time.
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| - June 8, 2006 |
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Bulls bet on gold to top $1,000
By Ambrose Evans-Pritchard Filed - July 14, 2006
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| A sudden surge in demand for gold options cashable at over $1,000 an ounce is the clearest sign to date that hedge funds and savvy traders are betting on a big rise in bullion prices.
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| read full article |
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Gold Volatility Inevitable, Underlying Fundamentals Strong
By Michael J. Deslauriers, 24 July 2006
www.resourceinvestor.com
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| Your correspondent remains in the camp of gold bulls that see things unfolding over the next 5+ years, with gold ultimately eclipsing its inflation-adjusted highs. The best way to participate (barring a total collapse in the monetary system, which the most fervent are calling for) is to establish long-term positions in quality names with varying degrees of leverage to the bull and the price of gold itself. Faithful readers of these pages will likely by now have discovered some of the better existing opportunities.
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www.ubs.com
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| Funds and investors are allocating far more of their money to gold. Buyers are spending about a fifth of the money they put into commodities on precious metals. Among the big buyers is Russia. The country's gold reserves have risen to $237bn, making it the world's fourth biggest holder of gold. That gold pile will just keep getting bigger. President Putin wants the Russian central bank to hold at least 10% of its foreign currency reserves in gold, double the previous reserve level of 5%.
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| Read Doug Casey's Comments |
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www.jpmorganchase.com
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| Fundamentals for the gold market look good with rising demand, weak supply, and the potential for central banks to be much less willing sellers of the metal. |
| -John Bridges |
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www.citigroup.com
LONDON, June 6 (Reuters)
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| U.S. financial giant Citigroup said on Tuesday it was raising its 2007 price forecast for spot gold to $700 an ounce from the previous $560 it made in January.
It also lifted its forecast for 2008 to $750 an ounce from $580, expecting prices to work higher from the fourth quarter of this year.
"We remain positive on gold and expect its upward trend to continue over the next two years."
The nuclear standoff in Iran, conflict in Iraq, the leftward move and talk of nationalization in South America and political fragmentation in the U.S. will maintain an undercurrent of safe-haven demand for gold.
"We expect gold to consolidate around current levels in the next few months before hiking further to $675 in the fourth quarter and into 2007 and 2008," Citigroup said.
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www.db.com
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China Will remain hungry for commodities over the coming 15 years.
- June 13, 2006
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| Chinese import demand rates will remain in lower double-digit territory over the next decade for all commodities except for soy. In absolute terms, these growth rates translate into staggering increases in import demand. |
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