Economic Times
Kitco News Interview: Gold Prices Could Drop Another 12% Before It Re-Enters
Forbes
(Kitco News) – Gold prices have further to fall before they are ready to re-enter a bull market, said one analyst who is expecting to see prices decline by another 12% from current levels. As of 1:42 p.m. EST, Comex December gold futures were trading
Gold prices near lows of the yearCNNMoney
Gold Bullion "Out of Favor" as Stocks Hit New Highs, Sterling Price Slumps 25 BullionVault
HSBC cuts 2013, 2014 platinum price forecastsEconomic Times
The Market Oracle –Wall Street Journal
all 29 news articles »

Similar to Peyton Manning and Joe Montana, uranium is making a great fourth quarter comeback after many fans have already left the stadium.

I highlighted in this article at the end of October that the high volume coming into the uranium miners may have forecasted a turning point.  Since that time the uranium spot price has had consecutive weeks of positive price performance and may beginning to make a major move.  I urge you to pay attention to the uranium spot price as evidenced by Uranium Participation Corp (URPTF) as it begins to creep above the 200 day moving average.  Uranium Participation is outperforming the S&P500 in November up over 13% while the S&P500 makes a 2.5% move.

The uranium miners should begin outperforming to the upside as well.  In addition to the article, I recently discussed in an audio interview with Palisade Capital at least seven reasons why the uranium sector could soar mirroring the 2007 melt up where uranium hit $135/lb.  In addition, I wrote an article, “Will The Uranium Price Make a Fourth Quarter Comeback?” in early October outlining at least seven reasons why the uranium price should see positive price momentum.

1)The toxic air pollution in China and India is killing people and it’s driving demand for clean nuclear energy and rare earths.

2) Oil rich countries like United Arab Emirates and Saudi Arabia are making a huge statement investing in nuclear to reduce their dependence on fossil fuels.

3)Countries have recently lifted bans on uranium mining and building reactors after decades of moratoriums.

4)Cameco (Bellwether large uranium miner) shocked markets recently by posting a profit, even with uranium at 8 year lows.  Imagine how Cameco could perform with uranium at higher prices.

5)M&A in the uranium sector has been exceptional over the past two years.  Fission, Denison, Energy Fuels, Uranium One…

 6)The ending of the Russian HEU megatons to megawatts program.  This provided the U.S. with cheap uranium from Russian nuclear warheads for 20 years.

 7)There are more nuclear power plants under construction now, than there were before Fukushima.  The world is realizing that we need nuclear power for clean energy.

In conclusion, watch these three junior uranium mining stocks as we end 2013.  We may be watching a great fourth quarter comeback in some of these high quality junior mining shares.

1)The ending of the Russian HEU Megatons to Megawatts program will require new U.S. uranium mines to cover the 24 million pound shortfall.  This junior uranium miner is constructing a mine in the Powder River Basin in Wyoming.  They control a huge and strategic land position around Cameco and Uranium One.  The management team has decades of experience in licensing, constructing, financing and operating uranium mines.  Unlike so many other juniors they should start seeing revenue and sales as they have contracts with some of the largest U.S. nuclear utilities at higher prices.

2)More than 300 million pounds of uranium were mined in this district by Rio Algom and Denison Mines.  It was once known as the Uranium Capital of the World and was the only area that commercially produced heavy Rare Earth Oxides in North America.    These mines were closed down in the 90′s when critical rare earths were unknown and uranium was trading below $20 a pound.  Could a rebound in uranium and rare earth prices revive this historic uranium and rare earth district?

 

3)The Athabasca Basin is attracting major capital as it is one of the only areas in the resource space where junior explorers are raising capital after recent richly priced takeovers.  These speculative funds are looking for 10-20 fold increases.  The key to invest in early stage exploration is to find the right people and geologists.  Look for the best explorers who have proven track records of success in the Athabasca Basin.  See this exclusive interview with this famous geologist who was instrumental in the discovery of Fission’s J-Zone Discovery which was bought by Denison and the Patterson Lake Properties where Fission and Alpha have made a massive discovery.

I will be moderating a panel on Tuesday November 26th from 11:49-12:33PM at the San Francisco Metals and Minerals Conference with the smartest analysts in the business Jay Taylor, Mickey Fulp and John Kaiser.  The topic will be exploration trends.   To find out about attending the San Francisco Metals and Minerals Conference on November 25th and 26th click here.   Hope to see you there!
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MINING.com
Gold price slides to four-month lows
Financial Times
Gold dropped to its lowest level since July amid expectations the US Federal Reserve would move to scale back its gold-friendly stimulus programme. Bullion fell to $1,242 a troy ounce as investors digested the minutes of the October meeting of the
Gold Price Tests Summer Lows — and It's More Than the FedBarron’s (blog)
Gold price bulls surrenderingMINING.com
Gold price near 4-month low on worries over US stimulus outlookZee News
BullionVault –NDTV –Forbes
all 301 news articles »

The Guardian
Panning for gold: hidden bullion found in Indian plane's toilet
The Guardian
Two lunchboxes hidden in the toilets of a Jet Airways plane triggered first a bomb scare and then a smuggling probe as the tins were found to contain 12 gold bars each, a senior customs official said on Wednesday. The Jet Airways plane had arrived at 
Smuggled gold hoard found on plane in IndiaNew York Daily News
Lunch box bomb scare turns into bullion chaseFinancial Express

all 220 news articles »


Telegraph.co.uk
Why did the gold price plunge $10 in 10 seconds?
Telegraph.co.uk
Traders in London were left scratching their heads on Wednesday morning when a rapid-fire 10-second spell of selling sent gold prices quoted on a Bloomberg monitor down suddenly by about $10 (£6) to trade near $1,260 an ounce. IG Markets commented 
Heat, Light & Venezuela in London Gold ManipulationBullionVault
British Regulators Said to Be Reviewing Gold BenchmarksNew York Times

all 6 news articles »


MiamiHerald.com
Gold price caught in taper tantrum
MINING.com
The gold price on Wednesday slumped to levels last seen in July, dropping more than $30 an ounce or 2.5% to a day low of $1,240.20 after comments from members of the the US Federal Reserve put a quick end to the central bank's monetary stimulus 
Comex Suspended Gold Trading for 20 Seconds After Price SlumpBloomberg
Gold prices ease in Asia ahead of HSBC China Nov flash PMIInvesting.com
PM Kitco Roundup: Gold Sharply Lower, At 4-Mo. Low, In Aftermath of Bearish Forbes
Metal.com News
all 1,951 news articles »

Independent Online
Gold Fields sustainable at gold price of $1 300
Creamer Media’s Mining Weekly
“We feel a lot more comfortable that we can actually withstand this assault on the gold price, as the group has now been repositioned to [be sustainable] at $1 300/oz, which is our long-term planning price,” he said, adding that Gold Fields was looking
Gold Fields Q3 production up 10%Moneyweb.co.za
Gold Fields Limited (ADR) (GFI): Gold Fields Management Discusses Q3 2013 Seeking Alpha
Holland declares he's right man for Gold FieldsMining MX
4-traders (press release) –Independent Online –Bloomberg
all 25 news articles »

StarPhoenix
TSX slips as drop in gold price offsets energy gains
Reuters Canada
By John Tilak. TORONTO (Reuters) – Canada's main stock index slipped on Wednesday after comments from the U.S. Federal Reserve suggesting a rollback of its monetary stimulus program in the next few months fueled a bullion selloff, which weighed on 
Canada Stocks Drop as Gold Shares Slump on Fed ConcernBloomberg
Canada Stocks Drop as Gold Shares Slump on Fed Stimulus ConcernBusinessweek
TSX steady as US data offset by drop in goldsThe Province

all 126 news articles »


Financial Express
Gold price today rebounded by Rs 320 in Delhi on fresh buying
Financial Express
Snapping its two-day losing trend, gold price today rebounded by Rs 320 to Rs 31,820 per ten grams in Delhi on fresh buying by stockists at existing lower levels for the ongoing marriage season. Silver also rose by Rs 450 to Rs 46,450 per kg on

and more »


Telegraph.co.uk
Gold Benchmarks Said to Be Reviewed in UK Rates Probe
Bloomberg
The U.K. Financial Conduct Authority is reviewing gold benchmarks as part of its wider probe of how global rates are set, a person with knowledge of the matter said. The FCA review is preliminary and hasn't risen to the level of a formal investigation
Watchdog to probe gold price as review escalatesCITY A.M.
FCA launches gold benchmark rigging reviewTelegraph.co.uk
Gold Benchmarks Said to Be Under Review by UK as Probe WidensMoneynews
San Francisco Chronicle
all 53 news articles »

Proactive Investors UK
Could Bad Data Be Depressing The Gold Price? Eric Sprott Says GFMS Stats
Seeking Alpha
What is the true demand for gold? How much is really available in any given year? Does supply and demand really determine the price of gold anymore? The Gold Report called Sprott and John Gravelle, global and Canadian mining leader for PwC, which 
INDEPENDENT VIEWPOINT Do supply and demand really still determine gold Mineweb
Gold hangs around weekly lows ahead of Bernanke speechProactive Investors UK

all 5 news articles »

Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats
Jutia Group
The Gold Report: Eric, you published an Open Letter to the World Gold Council saying that the massive imbalance between supply and demand is not reflected in prices because available statistics are misleading, and that is the most important obstacle to
Could Bad Data Be Depressing The Gold Price?ETF Daily News (blog)

all 8 news articles »


NumisMaster.com
Gold price in Delhi declines further on reduced offtake, global cues
Financial Express
Gold price declined further by Rs 180 to Rs 31,500 per ten grams in Delhi today on reduced offtake by stockists against subdued demand and a weakening global trend. Silver also plunged by Rs 1,300 to Rs 46,000 per kg on poor offtake by jewellery 
Tuesday, November 19: Today in Gold and SilverTheStreet.com
What's Correct Gold/Silver Ratio?NumisMaster.com
Gold declines further on reduced offtake, global cuesTimes of India

all 34 news articles »


Moneycontrol.com
Does QE Mean Anything To The Price Of Gold Anymore? [SPDR Gold Trust (ETF
Seeking Alpha
A list of the standard reasons for investing in gold would include fear over price inflation, unstable governments, currency debasement, or as a "if all hell breaks loose" insurance policy. Most financial advisors recommend owning some gold, albeit
US GOLD PRICE – Bullion falls following build in Comex shortsFastMarkets Metal News
Gold Prices "Bearish" But Invite "Uptick" in Asian Buying as US Fed Members BullionVault
Gold price dips as physical demand weakens, commodities retreatFinancial Express
Forbes –Arab Times Kuwait English Daily –MarketWatch
all 162 news articles »