Sunshine Profits

With the US presidential election drawing near, it is beginning to look like Mitt Romney may actually have a shot at the white House.

The correction in the precious metals market may not be over at this point, but when it is over, miners might finally outperform the underlying metals once again.

In today’s essay on the current correction in gold we would like to focus on one single question:

In today’s essay on the current correction in gold we would like to focus on one single question:

In today’s essay on the current correction in gold we would like to focus on one single question:

In today’s essay on the current correction in gold we would like to focus on one single question:

In today’s essay on the current correction in gold we would like to focus on one single question:

Despite a lukewarm, lackluster first half of the year, Gold has so far risen by 13 percent in 2012, nothing to sneeze at.

Right now all currencies on the planet are backed by debt.

It would behoove those who still cling to a misguided faith in fiat currencies to pay close attention to what is happening in Iran.

Mining executives met this week in a MINExpo convention in Las Vegas and the talk was mostly bullish.

Gold prices fell more than 1 percent Wednesday pressured by a stronger dollar and weaker stocks markets along with profit-taking.

There was plenty of hoopla last week. The Federal Reserve’s announcement Thursday of a third round of quantitative easing sent investors scrambling for gold and silver.

We recall with some nostalgia that it was last year on September 6, that gold hit an all-time high of $1,923.

On this week’s news roster we had a hurricane and the Republican National Convention (which scared some Democrats more than the hurricane), but all eyes are on a small town in the state of Wyoming, Jackson Hole, whose claim to fame is majestic Rocky Mountain scenery and the annual meeting of the Kansas City Federal Reserve.

In its latest Gold Demand Trends report, the World Gold Council reports that gold buying by the world’s Central Banks hit a new record of 157.5 tons, more than double the level of Q2 2011 and accounting for 16% of overall global demand.