Energy, metals, and natural resources
By Felix Imonti
http://oilprice.com/
Saudi Arabia has gone on the offensive against Iran to protect its interests. Their involvement in Syria is the first battle in what is going to be a long bloody conflict that will know no frontiers or limits.
The Energy Report Staff (8/16/12)
By Jordan Roy-Byrne, CMT
I must confess I am a gold bug both philosophically and in terms of investing. We are entering a golden age for Gold as the bull market is destined to reach amazing heights and real and honest money reemerges as legal tender against fiat currencies that will soon be at the mercy of a sovereign debt crisis. All this being said, I take issue with some headlines listed here in friend Gary’s blog and some gold bug talking points. I’m listing some of these headlines and talking points and then my response.
[[wysiwyg_imageupload:2420:]]By Frank Holmes
Oil markets took another dose of global geopolitics this week when the International Energy Agency (IEA) unexpectedly announced that it would be releasing 60 million barrels of oil from strategic petroleum reserves (SPR) around the globe. Thursday's surprise announcement gave oil prices a 4.5 percent hair cut and oil prices closed Friday at $91.25, down 20 percent from their April 29 peak.
VANCOUVER, BC - Mineral Mountain Resources Ltd. (TSX V:MMV)
Highlights:
• 5,000 metre, Phase I drill program set to begin June 20th 2011,
• 700 level gold vein averages 0.43 oz/t gold / 16.9 inches over 447 feet (historical assays),
• Drilling designed to intersect previously untested high grade gold mineralization immediately below 700 level,
• Grab samples from wallrock in waste dump assay up to 12.8 g/t gold
[[wysiwyg_imageupload:2413:]]By Frank Holmes
Frank Holmes and the co-managers of the U.S. Global Investors Global Resources Fund (PSPFX), Evan Smith and Brian Hicks, participated in a special webcast for the Peak Advisor Alliance last week. Here are some candid portions of the Q&A:
Q. How are interest rates currently affecting commodity prices?
A. The magic number for real interest rates is 2 percent. That's when you can earn more than 2 percent on a U.S. Treasury bill after discounting for inflation. Our research has shown that commodities tend to perform well when rates fall below 2 percent.
[[wysiwyg_imageupload:2412:]]By Julian D. W. Phillips
Last week the U.N. warned of a possible collapse of the US dollar -if its value against other currencies continues to decline. The U.N. mid-year review of the world economy did not get extensive coverage. Their economic division said that a crisis of confidence in the dollar, stemming from the falling value of foreign dollar holdings, would imperil the global financial system. This trend had recently been driven by interest rate differentials between the U.S. and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners including the Chinese government.
VANCOUVER, BC - Mineral Mountain Resources Ltd. (TSX V:MMV)
Highlights:
• Cook Zone displaying remarkable continuity and predictability geologically.
• DDH GH11-49 represents the deepest intersectionin the Cook Zone to date at -330 m.
• Potential to define an economic gold resource is considered to be high.
