Invest Offshore

Category: Precious Metals

  • The Gabelli Global Gold, Natural Resources & Income Trust IPO Raises $332 Million

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    Aaron
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    RYE, N.Y.- March 29, 2005–Gabelli Asset Management Inc., (NYSE:GBL) today announced the initial public offering of common shares of the Gabelli Global Gold, Natural Resources & Income Trust, a new closed-end fund investing primarily in equity securities of gold and natural resources companies. The Fund intends to earn income primarily through a strategy of writing…

  • Goldcorp Delivers First ‘Campaign Promises’ Quickly

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    Aaron
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    By Tim Wood – ST. LOUIS (ResourceInvestor.com) — Goldcorp’s [GG] newly minted president and chief executive, Ian Telfer, is holding to his publicly announced playbook with the $70 million cash acquisition of the Bermejal gold deposit in Mexico. Despite Telfer flagging his ‘new’ strategy repeatedly even before the Goldcorp-Wheaton deal, many investors thought the newly…

  • Fund interest keeps red-hot metals near highs

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    Aaron
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    SINGAPORE – Industrial metals traded close to multi-year highs on Thursday as funds flocked to red-hot commodity markets and a bruised U.S. dollar made copper a more attractive buy for overseas investors. Star performer zinc, up more than 12 percent since the start of the year, traded around a 7-1/4-year peak and copper crept $10…

  • Gold trade booming in China

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    Aaron
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    Gold is coming back in fashion in China, according to latest reports, with the middle class queuing up to purchase the precious metal. Evidence of the demand for gold was particularly clear when the Caishikou department store sold all its gold bars in just a matter of hours last month. When a second set of…

  • Bullion Price Forecast for 2005

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    Aaron
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    London Bullion Market Association have released a 10 page report called “Annual Metal Winners 2004“. The best visions of the future often start by looking at the past. Last year held rewards for both the bulls and bears and also for those in the middle. The 2004 average for gold hovered near $410 at years-end…

  • Gold could reach 480 dollars – Merrill Lynch

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    Aaron
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    The price of gold could reach US$480 a troy ounce during the first half of 2005 if the euro strengthens to $1.39 in the same six-month period, investment bank Merrill Lynch said in a report issued this week. The bank sees gold averaging $440/oz in 2005, with the metal trading in a range between $400/oz…

  • Look for silver lining in gold ETF success

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    Aaron
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    Perhaps, no one watched the events of the past week more closely than the “silver barons.” As streetTRACKS Gold Trust reaped $1.3 billion in its first three days of trading, and set a volume record for derivatives on its opening day, one can bet the minds of these pure silver company CEOs were chomping at…

  • Trader Wizard talks about Gold

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    Aaron
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    By Bill Cara – The info on the new gold ETF is at this link. The ETF Fact Sheet is at this link. The GLD Prospectus (for U.S. investors only) is at this link. How to buy and sell GLD can be viewed at this link. If you are interested in buying a physical gold…

  • First U.S. gold ETF poised to launch

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    Aaron
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    The World Gold Council has filed its last registration statement with the SEC for an exchange-traded fund tied to gold bullion, signaling the ETF could be launched as soon as next week. The highly-anticipated fund would allow U.S. investors to invest directly in gold via an exchange-listed security for the first time. Gold ETFs have…