Gold’s mate Silver is looking very strong and could be on the way back to $20 USD.

The Silver 2010 future contracts have been given a strong trade triangle signal by marketclub…..Have a look at their analysis just enter Silver to look at all their silver analysis or put in SI.F10.E for the Siver 2010 futures…..

The image below shows the spot silver price over the last 2/12

IN an interesting article Paul Amery looks at the Dow/Gold Ratio.
He presents a long term and medium term view that suggests that the recovery in the Gold price has just started.

He asks:” Is gold about to embark on another upleg when measured in terms of the Dow Jones Industrial Average index?”
The chart seems to be compelling

Whilst I totally agree with his sentiment that we shouldn’t get too religious about charts (I’m often amazed how Technical Analysts advise people on the strength of a chart to buy or sell shares while knowing nothing at at all about the fundamentals of the sector or the individual company in question and repulse criticism with “it is all in the chart”) I think that it is worthwhile to understand what Amery is saying…..
“But the plotting of share prices in gold (rather than cash) terms, plus the use of a logarithmic scale, help illustrate two things. First, the current equity bear market clearly started at the turn of the millennium, not in 2007 (when many share indices hit highs in nominal terms). In fact, the equity market rebound of 2002/07 doesn’t even register on the chart because the price of gold was rising at the same time.

Second, although the Dow/gold ratio has already come down from 44 to 10 or thereabouts, the log scale of the y-axis shows that, if we are heading for the same kind of low that we saw in 1980, we’re only about a third of the way through gold’s bull market (in equity terms). That’s worth thinking about when reading debates about whether gold can break through US$1000.

As Fred puts it on his site, “the chart shows the cyclical nature of the battle between paper assets and hard assets. Paper assets excel when everyone is fixated on growth. When the growth phase ends, and preservation of wealth becomes the paramount concern, gold tends to excel. When paper burns, gold shines.”

We’re talking very long-term cycles here. But those who have stuck with precious metals at the expense of equities since 2000 have been richly rewarded. And, with real economic activity everywhere under threat from government borrowing and possible debt deflation, who’d argue against gold embarking on another upleg in its bull market against shares?”
Read full article

Here is a bit of data… I am unsure of what to do.. sit and stay? Or take money and run?

5 Year Chart

SGX is moving rapidly ahead with both production and profits. SGX sold 51% more gold between Dec – June 2009 up 51%

Read about Sino Gold at http://www.australian-shares.com/mining/SGX

Latest Half yearly report http://www.sinogold.com.au/newsite/Docs/PDF/754425.pdf

Sparty holds SGX.

All that glitters is Newcrest’s golden fortunes
Barry FitzGerald
August 18, 2009

LEADING gold producer Newcrest has been chased higher on the market after posting a better than expected June-year profit and again increasing dividends.

But chief executive Ian Smith said the market was still undervaluing the company, based on its five-year growth profile that envisages gold production surging by 40 per cent to 2.3 million ounces a year. Read article

Want to know hwere gold and silver ares going? Spot Gold Trend Analysis Done by Marketclub. Costs nothing but gives a useful heads up.

Spot Silver Trend Analysis Email response is HTML and may go to your junk mail inbox

Gold seems to be having a bumpy ride at the moment as do my gold shares.
This tool allows you to get a free Spot Gold Trend analysis done by Marketclub. Costs nothing but gives a useful heads up.

Spot Silver trend analysis

N.B. Takes a couple of minutes as their servers are in the USA.
When I got the analysis response it went into my Junk Email folder so you might want to check there if it doesn’t arrive within a few minutes.

Gold Coast’s Q1 Deck up for grabs

Maurice Dunlevy | August 12, 2009

The observation deck of Australia’s tallest building is on the sale block after being seized by receivers in June.

Ernst & Young has ordered the $15 million to $20m sale of the Q Deck in the Gold Goast Q1 skyscraper as receiver and manager of the Octaviar group subsidiary Sunleisure Property Holding.

Octaviar, the former MFS, bought the deck as part of its $105m purchase of the Sunleisure business from Gold Coast developer Sunland in 2006.

The purchase included the retail precinct of Circle on Cavill as well as Sunland’s childcare business Sunkids, which was not affected by the receivership.

Read story

Need a holiday? Visit www.GoldCoastAustralia.com to see why the Gold Coast is THE place and if you want an apartment for your family visit www.GoldCoast-Apartments.com

Read about SGX

Excerpts from Daily Wealth

Only a handful of public companies are working with the Chinese government to expand the country’s production. Those companies will reap huge rewards as China dumps its dollars into its domestic gold industry.

Sino Gold (SGX on the Australian Exchange), for example, is a $1.2 billion China-focused gold miner. It owns two operating mines with two more under construction. The company’s remarkable ascent began in 2001, when it acquired a small project called Jinfeng. In just six years, Jinfeng went from a rough one million-ounce resource to the country’s second-largest gold mine.

China’s government is so eager to get its hands on more hard assets, it’s willing to go to almost any lengths to kickstart its mining industry. That kind of support can yield tremendous returns for smart investors.

China’s the world’s third-largest country, covering about 3.7 million square miles. That land is incredibly rich in mineral wealth – it potentially holds over 320 million ounces of gold.

Australia close to top of gold pile

Posted Tue Aug 4, 2009 6:00pm AEST
Updated Tue Aug 4, 2009 6:29pm AEST

A delegate at the Diggers and Dealers conference in Kalgoorlie says Australia is heading towards the position of second largest gold producer in the world. (Perth Mint)

A mining analyst says Australia could become the world’s second largest gold producer within two years.

The managing director of Surbiton Associates, Sandra Close, says high gold prices and a continued production decline in South Africa could see Australia move into second spot behind China within two years.

“Australia and the U-S sit somewhere in the middle,” she said.

“We are a big player, we’ve been a big player now for a few decades and people don’t realise, I think, that we are so large on the world stage in that respect.”

“We’re sitting third or fourth in Australia at the moment.”

Here is a list of Australian companies producing more than 100,000 ozs of Gold per year..

Producing more than 10,000 ozs of Gold per year

Follow the links for detailed summary etc