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Nov 13, 2009

Has Gold Topped out for the year?



I am very sorry for has posted a past video you might have seen already, due to a mistake in writing the link. I  Hope you will understand, my sincere apologies for  this unintentional mistake.
The correct link is  shown now

Fernando Guzmán Cavero

After hitting our first upside target of $1,110 two days ago, gold prices backed off but still managed to close at their best levels today for a new record high close in New York basis the spot gold.
The question now is, what’s going to happen to gold after it hit our first target level?

Today, 11/12/09, the gold market took its first corrective action on the downside. The question many traders will have now is, have we hit the high end for gold this year?
In Adam's  latest video he  examines that question in some of the internals that he sees and feels are important in this market.
Let's watch what Adam Hewison has now for us. As always he does an excelent technical analysis of what is going on in the markets.
The  videos are free to watch and there is no need to register.

Fernando Guzmán Cavero

Forbes:com Newsletter: Gold Investing - An Owner's Manual


Gold Investing: An Owner's Manual
David K. Randall
As prices spike, long-term investors should exercise caution.

V Is For Vicious Cycle
A. Gary Shilling
Abandon your dreams of a V-shaped recovery. The consumer is still too depressed to buy us a quick end to the recession. Separating Luck From Skill
John W. Rogers
In companies and in portfolios, luck matters in the short term, but skill matters in the long term.
Marilyn Cohen
Take profits on your premium-priced bonds and swap into lower-coupon bonds whose prices are closer to par.
Forbes Magazine Special Offer! Newsletter readers receive a Free Trial Issue of Forbes... no risk... no obligation!
If you decide to subscribe to Forbes, you can do so at special introductory savings, and get 25 more issues - 26 in all - for just $1.15 a copy. You save 77% off the $4.99 newsstand price. If you decide Forbes is not for you, simply write cancel on the invoice you receive and return it. The FREE issue is yours to keep with our compliments.


As every Friday, we have recieved from the desk of our friend Nick Nicolaas, the Weekly Zeal Intelligence Newsletter on the Mining Interactive Website of Adam Hamilton.


Fernando Guzmán Cavero

 Dear Friends:

Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Have a great weekend and - - - Stay Tuned!!


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Super-rich seen buying gold, selling hedge funds

By Steve Lodge
Financial Times, London
Friday, November 13, 2009
The investment preferences of the world's wealthiest families have shifted significantly in favour of gold and other commodities and away from hedge funds in the wake of the financial crisis, according to a survey of family offices and advisers of the super-rich.
Two-thirds of the 100 respondents to a survey by the Family Office Channel, a new website, said that super-rich families are now more likely to invest in gold and other commodities. They are also more interested in bond investments and in holding higher amounts of cash as part of an "instinctive retreat to ultra-safe asset classes."
By contrast, two-thirds of respondents said the wealthiest families are less likely to invest in hedge funds and structured products -- investments offering capital protection -- with one in three reporting "greatly reduced" interest in these holdings.
Private equity and commercial property are also much less popular asset classes, while attitudes to residential property investment remain largely unchanged.
The findings confirm reports of a flight to "safer" asset classes, says the survey. Wealthy families' risk appetites have suffered from frauds uncovered in the financial crisis as well as the poor performance of investments. More than nine out of 10 respondents said the level of trust in financial institutions and investment advisers has been hit by the Madoff and Stanford frauds.
"Madoff, Stanford, and bank failures are not necessarily seen as one-offs -- families clearly feel they cannot rule out the idea that the failings symbolised by these events are systemic," according to the survey, which was conducted last month.
It also found that more than half of wealthy families have recently reviewed their tax position and structures as a result of increased scrutiny from tax authorities.
Two-thirds of respondents said their philanthropic activities have suffered in the downturn, but some wealthy families are said to be giving more to try to counteract the impact of recession on charities.

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TOP STORIES > Friday , 13 Nov 2009                                                     

Supply issues will drive copper market into deficit by 2011--BMO

Friday , 13 Nov 2009
BMO's Bart Melek says firm demand and mine production risks mean good news for copper prices in the long term.

World's hottest mining stocks

Thursday , 12 Nov 2009
Amid power buying, trends and patterns from the 100 most popular listed mining names.

Hallgarten touts Sherritt as a potential ‘New Inco' with Cuban nickel /cobalt interests

Friday , 13 Nov 2009
Cuban nickel miner Sherritt International may be the bane of anti-Castro Cuban ��migrés, but, in reality is a major international mining company that travels below most investors' radar.

Fortescue Metals unveils concept for new mine, new rail and new port

Thursday , 12 Nov 2009
The project, known as Solomon is expected to cost around US$3,34bn

Discord at Four Mile uranium mine site

Thursday , 12 Nov 2009
The minor partner in the Four Mile project Thursday outlined a major grievance with its partner Heathgate Resources

Newmont expects steady output from Peru gold mine

Friday , 13 Nov 2009
The statements contradict the group's partner at Yanacocha, one of Latin America's largest gold mines; Buenaventura's CEO said last month he expected production to decline by as much as 25%

KGHM reports 47% drop in Q3 profits, blames copper hedge

Friday , 13 Nov 2009
The worse-than-expected results saw the company's revenues drop 3%

HudBay shares drop as COO resigns, CEO retires

Friday , 13 Nov 2009
The company says the timing of the two departures is a coincidence

Striking miners at BHP's Spence mine dig in heels

Friday , 13 Nov 2009
The workers at the Chilean mine, who accuse BHP Billiton of stalling contract talks threatened to invade installations and block roads

BHP, Rio Iron ore tie-up at the mercy of Western Australia state looking for higher royalties

Thursday , 12 Nov 2009
The state wants to double their royalties to bring them on par with other miners in the state

Codelco and Rio look for better technologies to mine and refine copper

Thursday , 12 Nov 2009
A new alliance between the two players will allow both companies to pursue next generation copper mining and processing technology development

Yesterday's Top Story: OOPS!! Chinese gold mining company accused of damaging Great Wall of China

Thursday , 12 Nov 2009
A Chinese gold mining company reportedly ignored five warnings to stop knocking holes in the Inner Mongolia portion of the Great Wall of China.


Proactive Investors/Mineweb One2One Forum, London, UK - The next Proactive Investors/Mineweb One2One commodities investment forum in London will take place on November 12th at London's Chesterfield Mayfair Hotel starting at 6 pm. Companies presenting : Nyota Minerals, Lonzim, Mariana Resources, Bravo Venture Group .
MinSouth Masterclass on Mineral Resource Definition, London UK. The next in the series of MinSouth free morning Masterclasses on specific aspects of the mining sector, in conjunction with the Association of Mining Analysts and supported by Mineweb will be held on November 16th. Places limited.
San Francisco Hard Assets Investment Conference, San Francisco, USA. Mineweb will be exhibiting, in conjunction with Infomine, at this important natural resource investment conference which will feature also more than 160 exhibitors and sponsors.
Mines & Money 2009, London UK. Mineweb will be exhibiting at, and is a media partner for, London, and Europe’s, biggest and most important mining investment related event with over 100 exhibitors, major speaker programme and an Awards Dinner.


Lawrie Williams, London
Dorothy Kosich, Reno
Geoff Candy, Groningen

Barry Sergeant, Johannesburg
Rhona O'Connell, London
Ross Louthean, Perth
Jan Chadwick, International Sales and Marketing

Alec Hogg - Editor in Chief