The short-term path of gold is still unclear says David Galland. But its a good sign that demand for physical gold soars when prices tip towards $750 an ounce. And this threshold is likely to creep upwards as the US dollar loses its worth, and foreign governments convert currency reserves for the precious metal.

This from Money Morning:

Of late, I have read a number of analysts, Jim Rogers even, who have expressed the view that gold could dip to the mid- to low $600 level.

It could happen, but I think not. Already, buyers of physical gold are finding anything near $700 to be cheap and are helping to build a floor under the monetary metal. On that topic, a friend sent this item along recently:

(Gulf News, Nov. 12) Riyadh: There has been an unprecedented demand for gold in the Saudi market recently, with over 13 billion Saudi riyals ($3.47

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By David Galland Editor, The Casey Report Of late, I have read a number of analysts, Jim Rogers even, who have expressed the view that gold could dip to the mid- to low $600 level. It could happen, but I think not. Already, buyers of physical gold are finding anything near $700 to be cheap and are helping to build a floor under the monetary metal. On that topic, a friend sent this item along recently: (Gulf News, Nov. 12) Riyadh: There has been an unprecedented demand for gold in the Saudi market recently, with over 13 billion Saudi riyals ($3.47 billion) being spent on the yellow metal during the prior two weeks. Demand is expected to rise still higher as more investors turn to gold as a safe haven in the midst of the global financial crisis, according to market sources. Sami Al Mohna, an ...

Gold sold off gently in thin Far East trading on Monday morning…and the bottom was in a couple of hours before Hong Kong closed. From there, gold rose until about 10:00 a.m. in London, and although it tacked on about another ten bucks during Comex trading in New York, it had given all that back by the Comex close.

As for the silver price, it bottomed at the same time as gold and was off to the races shortly after London opened. The top was was in shortly after 10:30 Eastern time when it appeared that the about-to-become-parabolic rally drew the attention of the boyz. From that point on, the silver price didn’t do too much.

As would be expected, volume in gold on the Comex Friday was pretty heavy; but somewhat lighter yesterday. In silver, volume was heavier yesterday than it was on Friday…which stands to reason when you consider the

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Of late, I have read a number of analysts, Jim Rogers even, who have expressed the view that gold could dip to the mid- to low $600 level.  Could happen, but I think not. Already, buyers of physical gold are finding anything near $700 to be cheap and so are helping to build a floor under the monetary metal.

On that topic, a friend sent this item along last week…

(Gulf News Nov 12) Riyadh: There has been an unprecedented demand for gold in the Saudi market recently, with over 13 billion Saudi riyals (Dh12.75 billion) being spent on the yellow metal during the last two weeks.Demand is expected to rise still higher as more investors turn to gold as a safe haven in the midst of the global financial crisis, according to market sources.

Sami Al Mohna, an expert on the gold market, said the trend had resulted in a

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Now that crude has lost 50% (and counting) since July, Andrew Gordon says the political will to develop alternative energy sources may be waning. But election favourite Barack Obama is fully behind clean energy. Andrew says this makes strong companies with new technology in biofuels, alternative energy and clean coal a good speculative buy. Another options is this Global Alternative Energy ETF (NYSE:GEX).

This from Investor’s Daily Edge:

John McCain is a practical guy. He subscribes to the “let’s try anything that works” theory. He’s willing to go with anything that weans the U.S. from Mideast oil. Nuclear, biofuels, ethanol, sun and wind, the traditional oil and gas hydrocarbons, tried and true coal and super-clean thermal and hydro energy – they’re all on table.

Throwing up a dozen tar balls and seeing what sticks isn’t much of a policy. But I see nuclear

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When the president of the United States visited this region almost a year ago, the city of Dubai closed down for the entire day. Locals and expats alike jokingly refer to this event of yore as “Bush Day,” a day when they stayed home from work and watched movies as the leader of the “free world” took a Big Bus tour of the city.

Now, twelve months later, as W’s presidential twilight years draw to a close, another of the West’s leaders journeys to the Gulf region. Like Bush, England’s Gordon Brown is not particularly popular in the polls. But this captain from the west has more pressing issues to deal with than the restoration of his public image; he needs cash to rescue the world’s “emerged” nations from the brink of financial collapse. And so, hot on the trail of the dollars and pounds that have poured from the west

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It sure doesn't seem like it today, with red ink running in the Street like blood, but check this out ...Amid bluster over energy, Senate cuts a dealOver the summer a group of five GOP and five Democratic senators, dubbed the Gang of 10, hammered out a comprehensive energy proposal. And now, after taking withering heat from both left and right, the idea is gaining support. The proposal contains some items on the Republican wish list, such as opening areas of the Outer Continental Shelf to drilling and boosting nuclear power. The Democrats get incentives for wind, solar, and other renewables along with energy efficiency measures — and pay for much of the projected $84 billion cost by eliminating tax breaks on the oil and gas industry.In other news today ...OPEC consensus building for supply cutConsensus is building within ...