The U.S. government sells a whole lot of bonds every month, and since Americans are reluctant to save on a meaningful level, foreign interests purchase many of these bonds.
Golden Star Takes Aim At St. Jude, Wolfden Takes Control Of Follansbee, Placer KO's Cerro Casale, Crystallex Feels The Heat and more this week on the Canadian markets.
So, where is a junior Exploration & Production (E&P) company to look these days in order to make a big find?
Answer: the North Sea.
Gold; volatile but looking good; U.S.$, starting to look good again and oil, who knows where it's going.
Before attempting to answer this question ("What's holding gold back?"), we have to ask: "Is gold being held back?"
Well let's see. The North American markets are lower, the European markets are lower, the Asian markets are lower to neutral, the currencies (except for the Cdn $) are lower but the metals and energies are higher. Something must be going on out there.