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Is It 2003 All Over Again? U.S. Global Investors’ Frank Holmes Predicts a Resurgence of the Love Trade for Gold

The Gold Report: You recently wrote an article called "It's Morning in India" that marked the election of Narendra Modi's pro-business government. How much of an impact can one man have on the demand for commodities? Frank Holmes: At U.S. Global Investors, we believe that government policies are a precursor to change. That is why we focus on fiscal policies all over the world to understand the impact they will have on everything from interest rates to money supply. What makes Modi special is that he understands that job growth and creativity come from fiscal stimulus. Creating tax-free zones, … [Read more...]

Balmoral Resources: Two Projects, One Vision, Proven Share Price Performance

BTV/The Gold Report: Please explain the focus of Balmoral Resources Ltd. (BAR:TSX; BAMLF:OTCQX). Darin Wagner: Our principal focus is on our Detour Gold Trend project. That's located in the northern end of the Abitibi Greenstone Belt, in central Qu├ębec. We're right across the border from the massive Detour Gold deposit in Ontario, which is now happily producing multiple bars of gold every day. We control 80% of that belt and own the property outright. We're not beholden to anyone, which is a good thing in a tough market. BTV/TGR: Please share some of the results you've had. DW: We are … [Read more...]

It’s Not About Discovering a Mine, It’s About Discovering a Technology

The Mining Report: Do you think investing is a skill that is learned or inherited? Chris Berry: I suppose there's some sort of a gene for analytical ability, but there's no substitute for real-world experience. While my father taught at the Darden School at the University of Virginia, I received a good grounding in theory-based finance and investing. Being out in the investing world for the last 15 years, I've seen what works and what doesn't compared to what you read in a textbook. If the last few years have taught us anything, it's that markets aren't as efficient as academic theory would … [Read more...]

It’s Not About Discovering a Mine, It’s About Discovering a Technology

The Mining Report: Do you think investing is a skill that is learned or inherited? Chris Berry: I suppose there's some sort of a gene for analytical ability, but there's no substitute for real-world experience. While my father taught at the Darden School at the University of Virginia, I received a good grounding in theory-based finance and investing. Being out in the investing world for the last 15 years, I've seen what works and what doesn't compared to what you read in a textbook. If the last few years have taught us anything, it's that markets aren't as efficient as academic theory would … [Read more...]

Gold’s Move Higher Is Short-Term Reaction to Iraq Unrest

NEW YORK (TheStreet) -- Markets were extremely overbought last weekend and began to roll over last week right on schedule. We are well off those overbought readings now and are setting up for another round of strength as stocks work to complete bases. From what I see there is nothing that tells me we are in for anything more than a small consolidation period, not any sort of major correction. We are still in a fantastic market for swing trades of a few days or more. While many stocks still need a bit of time to complete major bases that will take them much higher, and quickly, we … [Read more...]

Less Correlation Among Commodities Demands More Careful Selection: Philip Richards

The Gold Report: Philip, your March update on the Special Situations Fund showed a 4.21% increase during Q1/14, compared to 1.29% for the Bloomberg World Mining Index. You noted that cold weather and concerns about China, Ukraine and South Africa are driving commodity markets short term. Are you worried about the impact of a slowdown in China on commodities and your funds? Philip Richards: A slowdown in China is a concern, but it's one of many, and it isn't an overwhelming concern. Ukraine has had an effect on the gas market. Strikes in South Africa drive the platinum price. Specific events … [Read more...]

Bill Bonner’s Ten Undervalued Plays in Western Canada

The Energy Report: Brickburn Asset Management's monthly report for May indicates good news for energy resource investors in Western Canada. Please explain. Bill Bonner: There are two elements to consider. One is that the Canadian energy market dynamics for extracting natural gas are changing significantly. Second, positive signals abound in the world of oil and oil transportation, in spite of concerns about pipelines crossing borders, like the Keystone XL Pipeline. TER: What is going to happen with the Keystone situation? BB: Keystone has become politicized, unfortunately. And Canada's … [Read more...]

The Next Billion (Barrels of Oil): T. Boone Pickens Calls for Energy Plan at Stansberry Society Event

On making (and losing money): I moved to Dallas from West Texas in 1989 worth about $25 million ($25M). I ran that $25M up to $4 billion ($4B) in 2007. 2008 and 2009 were a disaster. I lost $2B. I've given away over $1B and have $1B left. On leveraging the oil and gas renaissance in the U.S.: I launched the Pickens Plan in 2008 because I felt that I was running out of time, and this country desperately needs an energy plan. We're the only country in the world without one. We use more oil than any other country, 18 million barrels a day (18 MMbpd) with China's 10 MMbpd a distant second, and … [Read more...]

Van Eck Fund Manager Joe Foster Is Building for the Upswing

The Gold Report: Gold has been hovering between $1,250 and $1,300/ounce ($1,300/oz). How have supply-and-demand factors shifted since earlier in the year, when things seemed more bullish? Joe Foster: At the beginning of the year, gold was being driven by risk concerns. Investors started worrying about risk when we saw problems in emerging markets like Thailand, Turkey and, eventually, Ukraine. The Chinese economy seemed to be slowing down. It was less of a supply-demand story and more one of people looking at gold as a safe haven and a hedge against some of the risks in the world. TGR: Is … [Read more...]

CHART OF THE DAY

Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. The information included in Gold Scents and The Gold Scents subscribers daily updates is prepared for educational purposes and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. G.D.S L.L.C., do not represent themselves as acting in the position of an investment adviser or investment manager … [Read more...]