Metals

[[wysiwyg_imageupload:2412:]]By Julian D. W. Phillips

Last week the U.N. warned of a possible collapse of the US dollar -if its value against other currencies continues to decline. The U.N. mid-year review of the world economy did not get extensive coverage. Their economic division said that a crisis of confidence in the dollar, stemming from the falling value of foreign dollar holdings, would imperil the global financial system. This trend had recently been driven by interest rate differentials between the U.S. and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners including the Chinese government.

By Jordan Roy-Byrne

My favorite form of technical analysis is intermarket analysis which is the comparison of various markets and sectors. All markets relate in one way or another. The current market cycle is being dominated by macro-related events. Since all markets have had a stronger link than in the past, it makes intermarket analysis very important. By analyzing markets in the context of one another we can decipher or confirm the cycles within the current secular trends.

[[wysiwyg_imageupload:2371:]]By Jeb Handwerger

The euro (FXE) slid compared to the U.S. dollar (UUP) after meeting and reversing at its long term down-trend resistance line two weeks ago. About four weeks prior to that, I alerted readers that the Euro could reverse lower supporting precious metal prices. In my March 28th article I wrote, "Watch for a move out of the euro to support precious metals prices as the euro reaches its descending upper resistance level. For the past two years the euro and the dollar have done this inverted dance wherein one goes up and the other goes down. But one thing I am not fooled about is the fact that they are both in secular long-term downtrends."

[[wysiwyg_imageupload:2366:]]By Nick Barisheff

Numerous commentaries in the media, both on television and in print, would have us believe that gold is a bad investment. Headlines warning investors to avoid the yellow metal are commonplace. Examples such as "Five reasons not to own gold", "Gold is in a bubble", "Gold as an investment - think again", "Gold is a bad hedge", "Gold is a pointless rock," and "Why gold is a bad investment" can be found with a simple Google search on gold and investment.

VANCOUVER, BC - Westminster Resources Ltd. (TSX-V:WMR) ("Westminster" or "the Company") reports drill core results from the balance of the Phase One Drill Program at the Anita Copper Mine area (fourteen holes) on the El Cobre Property, Sonora, Mexico. The successful program has confirmed copper-silver-gold mineralization down dip and along strike in a structural corridor drilled for 250 meters along the estimated 600 meters of outcropping breccia. Ten holes returned significant oxide mineralized intervals. Drill hole location maps for the 2010 and 2011 drilling programs at the Anita Copper Mine area can be viewed at http://westminsterres.com/investor/files/2010-2011_drill_map.pdf