- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Gold Will Collapse Like Oil Did in 2008: Charts
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
CNBC Stock Blog
Text Size 
Gold is going up, said BlackRock managing director Evy Hambro.
The portfolio manager at BlackRock's Natural Resources Equity Team told CNBC that the fundamentals are "all very supportive" of upside for the precious metal.
"The main thing that's been [traditionally] holding the gold prices back is the strength of the U.S. dollar," Hambro said.
So seeing the dollar value strengthen at the same time that gold rose was "remarkable" — and was an omen of sorts pointing to further gains.
First, prices aren't encouraging new supply.
"Central banks are selling less gold than they used to," the portfolio manager explained. "You can't get hold of Russian gold bars right now." All the processed metal (bullion, coins, etc.) is being bought by the Kremlin's central bank.
Will gold lose safe-haven investors to U.S. Treasurys? Not if they're sharp-eyed, believes Hambro.
"T-bills are really deferred dollars," he said, and it's impossible to know what those dollars will be worth in "20 years."
Plus, there's the uncertainty of Beijing's intentions for U.S. government debt. But "you know what commodities are worth now, and you'll know what they're worth then."
______________________________
Ways Into Gold:
Gold Miners:
Freeport McMoRan [FCX
Loading...
()
]
Newmont Mining [NEM
Loading...
()
]
Barrick Gold [ABX
Loading...
()
]
Gold ETFs:
SPDR Gold Shares [GLD
Loading...
()
]
Market Vectors Gold Miners [GDX
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes