Gold News
Earlier we posted some data for Q1 2013 gold demand from the World Gold Council which showed that despite a RISE in PHYSICAL demand of some 8% for the year the price actually fell 5% – thanks entirely to selling in the paper gold market. Here’s Marcus Grubb, Managing Director Investment at the World Gold [...]
The Secret World of Gold: Finally the mainstream media take a look at the manipulation in the gold and silver market Finally a mainstream media outlet has decided to take a look at the constant manipulation in the gold and silver market – credit in this case goes to the Canadian broadcaster CBC. Whilst followers [...]
Back at the start of August we published the words of Nick Holland, head of South African mine Gold Fields Ltd. He was raising concerns that the price of gold would have to rise significantly otherwise some mines would be forced to shutter because of rising costs. The wave of rationalisation that is starting to [...]
Barrick Gold was out earlier today with its Q4 earnings results and they weren’t pretty. Via Bloomberg: Barrick Gold Corp., the world’s largest producer of the metal, posted an unexpected fourth- quarter loss after taking a $3 billion writedown on a Zambian copper mine it bought in 2011. And the reason for the write-down? Barrick [...]
Every three months we present the Quarterly Inflation Repot by the Bank of England , and every three months we have to report to you that yet again the BoE has had to revise upwards the amount of time that inflation is going to stay above its legally required target of 2% on the CPI [...]
We post this talk not so much to highlight that profits aren’t some ‘evil’ thing destined to take all of humanity down, we hope that most of our readers by now understand that attacking profits is a classic straw-man argument. Rather we post this because we want you to take a look at the age [...]
Some lucky chap in Australia found a massive 5.5kg nugget using his metal detector. Which made us wonder if the trend for metal detecting would increase as a result. And sure enough when we looked on google trends we can see that the search term of ‘metal detecting’ just hit an 8 year high: (click [...]
The world’s third-largest gold miner has announced that it will hit its production targets for gold despite the fact that this week saw the miner deliver a weaker production update than expected: The Melbourne-based miner also revealed the final price to expand the Lihir mine in Papua New Guinea and its Cadia Valley site in [...]
On a day when is should become blindingly obvious to everyone that the Bank of England is either grossly incompetent or deliberately targeting higher than 2% CPI inflation we thought it would be worth while to look at the accuracy of the CPI data itself. And nobody has done a better job at that than [...]
The Chinese desire to gobble up as much gold as possible shows no sign of letting up. Despite already being the biggest gold producer on the planet internally, this doesn’t seem to be enough for the Chinese and they’re foreign gold mine buying continues at a pace. ABC news in Australia reports: China is continuing [...]
