Tag Archives: Precious Metals

Jim Rogers on Financial Globalization and Mining Opportunities

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“Mr. Rogers added that China should ‘globalize the Renminbi in the next 20 minutes rather than the next 20 years’. He thought that China is currently the world’s second largest economic entity as well as the country with most amount of foreign exchange reserve, ‘there is no reason to restrict the Renminbi globalization. It is good for all Chinese people, as Renminbi globalization means all investors worldwide can invest in China, which will bring great market opportunities to China’s commodities. Stock price in China will rise, China will become the world’s center for commodity transaction, China’s financial market will be the best in the world.”

http://www.4-traders.com/ZIJIN-MINING-GROUP-CO-L-6500182/news/Zijin-Mining-Group-Co-Ltd–Chen-Jinghe-Dialogues-with-Rogers-on-Financial-Globalization-and-Mini-17253980/

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Jim Rogers warns of world economic slowdown, praises RMB

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“Rogers reiterated his optimism on the RMB, describing it as ‘the only currency that can compete and replace the U.S. dollar.’  A recent BIS report showed that the Chinese yuan has broken into the top 10 of the most traded currencies in the world for the first time.  ‘I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards,’ he quipped during his speech.  He praised the government’s endeavors to make the currency more convertible, but hoped that the pace could be faster.  In contrast, Rogers called the U.S. dollar ‘flawed’ and ‘troubled’. However, he still has to own the dollar because people go to the greenback when there is economic turbulence, he said.”

http://www.chinadaily.com.cn/china/2013-09/07/content_16952079.htm

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When Every Day is Payday

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“Had you gotten into Royal Gold Inc., right when this Chaffee player kicked into action, you’d be up 4,536%.  That’s the kind of explosive power these royalty plays have once they start collecting on their income streams and passing the gains directly to you.  And when I say 4,536% gains, I’m not even including the dividends Royal Gold has paid out.  Today Royal Gold pays out an annual 80-cent dividend — which, based on today’s $57 share price, puts you at a 1.4% yield. But that’s the thing. Now everyone knows about how great Royal Gold is… and so the price has driven higher to match. So you should be looking for something smaller, newer and ready to grow.”

http://dailyreckoning.com/how-to-become-investment-royalty/

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Gold By The Planeload! Precious Metals Update Part II

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“If you believe that gold and silver prices are due to recover, like I do, then you should look for plays that can surf the wave.  In particular, you want companies unburdened by debt and not locked into large, complex, expensive projects. Does that ring any bells? Let’s consider royalty companies…  Royalty companies own interests in mine production without taking on operational risks and costs. That is, royalty guys ‘loan’ money upfront to capitalize the mine developers, usually at an early stage. In return, the royalty company lays claim to an ongoing income stream generated in the future by the mining project. It’s a well-understood form of project finance, in many instances.”

http://dailyresourcehunter.com/gold-by-the-planeload-precious-metals-update-part-ii/

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Five Ways To Play Gold and Silver: Part I

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“Times are tough for miners. Costs are high. Metal prices are low. Share prices and market capitalizations are in the pits, so to speak. Overall, sentiments toward the mining sector are negative. The ‘commodity super-cycle is over,’ if you believe the headline writers of the Financial Times or The Economist.  Still, with a recent upturn in metals prices are there opportunities in this scenario?  I believe there are still some bargains out there — and if metals prices inch higher over the coming days and months, a few well run miners should pay off handsomely.”

http://dailyresourcehunter.com/five-ways-to-play-gold-and-silver-part-i/

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South African gold miners strike over ‘slave wages in white man’s economy’

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“About 80,000 gold miners in South Africa walked out on strike on Tuesday night, raising fears of renewed violence in the crisis-hit industry and underlining the government’s dwindling authority.  The dispute over pay comes a year after 46 people died during unrest in the platinum belt and amid signs that the century-old mining industry model is broken. For years South Africa was the world’s top gold producer, accounting for more than two-thirds of output in 1970, but it has slipped to fifth place with just 6% of global production.  The NUM is demanding rises of up to 60% after talks broke down.”

http://www.rawstory.com/rs/2013/09/04/south-african-gold-miners-strike-over-slave-wages-in-white-mans-economy/

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Gold Declines Trigger Brief Trading Halt

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“Exchange operator CME Group Inc. said it briefly halted gold trading on Thursday morning to prevent excessive price volatility.  Stop Logic, a type of circuit breaker that pauses trading for between five and 20 seconds, was triggered in the December-delivery gold futures contract at 2:54 a.m. EDT and lasted for 20 seconds, the spokesman said. A set of automatic sell orders were triggered as futures neared $1,350 an ounce early in European trading hours, said George Gero, a vice president and precious metals strategist with RBC Capital Markets, in a note. The sales sent gold prices as much as $10 an ounce lower in the space of a minute, triggering the trading pause.”

http://online.wsj.com/article/SB10001424127887324576304579071062783325246.html

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Ron Paul: Yellen likely frontrunner in Fed race

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“Former Rep. Ron Paul, (R-TX), provides his take on the Fed and what a taper could mean for the future of the economy and markets.”

http://finance.yahoo.com/video/ron-paul-yellen-likely-frontrunner-151600280.html

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Gypsy Uses Gold for Bail? Judge Says It Seems ‘Fishy’

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“There were Liberty gold coins and Krugerrands, and a gold chain so thick that had it been used as a restraining device, it might have done a fair job of keeping Tom Eli behind bars.  After centuries of being chased from country to country, the Roma, sometimes called Gypsies, have developed an aversion to traditional institutions, including banks, and have their own internal economy. He said he feared that his client was being treated differently from similarly situated people because of his background.  Mr. Kenniff said that many who live in the United States still follow ancient traditions, including passing down gold coins and necklaces as heirlooms, and owning those pieces communally.”

http://www.nytimes.com/2013/09/17/nyregion/pile-of-gold-to-use-for-bail-seems-fishy-a-judge-says.html?partner=socialflow&smid=tw-nytmetro&_r=0

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Winklevoss twins: Bitcoins better than gold

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“‘It’s gold 2.0,’ he said in a presentation at the Value Investing Conference in New York Tuesday.  Tyler and his brother Cameron, who shared the stage, outlined the bull case for bitcoins. They have been investors and are aspiring Bitcoin entrepreneurs. The twins recently filed paperwork with the SEC for a Bitcoin exchanged traded fund. Like gold, the virtual currency retains its value regardless of what central bankers do to the money supply. But unlike gold, bitcoins are easier and cheaper to store.  Cameron Winklevoss said that another sovereign debt crisis could be a catalyst for a sharp move higher.”

http://money.cnn.com/2013/09/17/investing/bitcoin-winklevoss-twins/

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