
Dear Reader, A week ago, China dropped a bombshell on the gold markets. It announced that it has boosted its gold reserves by more than 76% over the last six years. It now holds 1054 tonnes of gold. But this is just the beginning of a much bigger move into gold by ...
Gold Production
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Take a good look at this chart, and you’ll see two important things: In dollar terms, gold has been flat, but in Sterling it is hitting new highs...
In March of 2008, the price of gold hit an all-time high of US$1,032.00. This was driven up by a rational ...
Earlier in the week, we showed you a chart showing the incredible spike in the price of US government bonds. One of our colleagues in Baltimore, Jeff Clark, had sent it to us and labeled it, “The Next Bubble to Pop?” Today, let’s think about this some more. Not ...
Russia contains so much of the world’s unexploited mineral resources. All resource companies want to be there. Some manage, some don’t. Often it comes down to whether or not they remember the old proverb: He who sups with the Devil should have a long spoon! ...
Hip hip hooray! New and significant finds are still possible! The news from AngloGold Ashanti’s Columbian project has finally been officially confirmed. And this gold producing major could now be sitting on one of the ten biggest gold reserves in the world. ...
Our favorite gold stock, Avocet Mining, is looking battered!
But things look like they’re about to turn. A recent trading statement delivered positive news. And a few days ago, Avocet promised to announce profits of $47-$52m for the year to end March.
While ...
It used to be that gold stocks outperformed the rise in the gold price by roughly a factor of three. But then energy prices went up, and the lights went out in South Africa. Costs, in general, have been hard to contain. Understandably, given the power cuts and ...
Avoid Africa? Given the volume of bad news that flows, investors are justifiably wary! Yet it depends on how Africa is defined — geographically the continent contains a number of countries with good mining stories that are probably not thought of as African. ...
A couple of weeks ago somebody came round to fix my brand new oven door. Believe it or not, it shattered into a million pieces while I was cooking Sunday lunch. The engineer happened to be Chinese and we got chatting about the Asian boom that is ramping up ...
Rabi and sugar are what matter most for gold at the moment. Not surprisingly, when I told her that, Isabel asked me what on earth I was talking about. So I explained that good harvests for these two important winter crops would decide Indian farming families’ ...
Gold Production
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