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Gold in Them Thar Hills

Source: http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold/0/0/gold-in-them-thar-hills
Posted on Wednesday, August 20th, 2008 | In Energy Markets, Gold Markets
Contributed by: Sean Brodrick (http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold) -

 My latest MoneyandMarkets.com column, “Gold in the Clouds,” is up.  It’s about the Pikes Peak Gold Rush.

Flash forward to today, and there is some interesting news …

The World Gold Council reported that demand for gold rose 7% to 736 metric tons in the second quarter, compared with the first quarter.

Meanwhile, the Comex division of the NewYork Merc reports that gold bullishness (measured by open interest, or number of contracts) is down sharply. 

Does that sound maybe like people doing the wrong thing at the wrong time, as traders so often do?

Oh, and I also talked to Tom at HoweStreet.com.  You can listen to the webcast here.

Last 5 posts by Sean Brodrick





About Sean Brodrick (http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold)

Sean Brodrick joined Weiss Research in 2000 as an analyst, bringing more than 25 years experience as a journalist and financial analyst to the position. He is Weiss Research’s small-caps specialist, especially in natural resources, and is the editor of the company’s Red-Hot Canadian Small-Caps, as well as a regular contributor to its daily e-letter, Money and Markets.

Previously, Mr. Brodrick was the investment director of The Sovereign Society, the world’s leading publisher of offshore asset protection strategies and global investment opportunities.

Recognized for his expertise on natural resources and Canadian and Australian investment opportunities, Mr. Brodrick has been featured on many financial talk shows, including CNBC Squawk Box, Fox Business, CNN, The Glenn Beck Show, Your World with Neil Cavuto and Bloomberg Market Line. He is a weekly guest on Market Matters Radio, a contributing columnist to MarketWatch.com and a frequent commentator on one of Canada’s premiere financial websites, HoweStreet.com. His report, “70 Days to Empty,” has garnered acclaim for its analysis of the forces pushing America toward its next oil crisis and was described by The Daily Reckoning as “the most important report you’re likely to read this year,” while his knowledge of uranium has helped investors earn solid gains on the commodity.

Mr. Brodrick holds a B.A. degree from the University of Maine.

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