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.
Chavez Rocks Venezuelan Explorers, Norsemont Rides High, Uranium Plays Heat Up, Full Metal Minerals Gets "Lucky" and more this week on the Canadian markets.
An overview of the forces driving China, including effects on the dollar and gold.