China gold buying surge won’t be repeated; gold and silver slip back
May 31, 2013 by goldguru · Leave a Comment
The secretary-general of the China Gold Association reckons the kind of frenzied gold buying in late April and early May won’t be repeated.
Buying gold and silver at fraction of price – streaming explained
May 31, 2013 by goldguru · Leave a Comment
An interview with Randy Smallwood, CEO of Silver Wheaton, explains the principles and practice of gold and silver streaming.
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‘Bazooka at a knife fight’ – the April 12 gold takedown – Arensberg
May 31, 2013 by goldguru · Leave a Comment
The chances of the initial gold sale which precipitated the April 12 gold price crash as being ‘legal’ were infinitesimal. Gene Arensberg does the maths.
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Protests could spell end of $5bn Conga gold project
May 31, 2013 by goldguru · Leave a Comment
Buenaventura’s CEO says he doesn’t understand the protests because the planned transfer of water from Lake Perol to a new reservoir have not yet begun.
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Standard Bank lowers gold forecast as equity correlation turns negative
May 31, 2013 by goldguru · Leave a Comment
Standard Bank believes that since the end of last year, gold is trading in a similar fashion to the way it did between 1990 and 2003, and as a result is likely to struggle over 2013.
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Sudan to produce at least 50 T of gold in 2013
May 31, 2013 by goldguru · Leave a Comment
Gold has become Sudan’s biggest export, partially replacing oil revenues that made up more than 50% of state income until 2011 when South Sudan became independent.
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Chile’s president hopes Barrick’s gold mine will proceed
May 31, 2013 by goldguru · Leave a Comment
President Sebastián Piñera said Thursday he hopes Barrick’s Pascua Lama project will proceed as long as the company complies with the requirements.
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Pebble Mine could spark economic transformation in SW Alaska – CEO
May 31, 2013 by goldguru · Leave a Comment
The Pebble Project’s estimated $1 billion in annual operating costs “could define a new economic engine for Alaska,” says a new report commissioned by the Pebble Limited Partnership.
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Pilbara iron ore miners could be in for $18bn revenue cut
May 31, 2013 by goldguru · Leave a Comment
This came as a result of new rounds of destocking by Chinese steel mills as prices decline and the industry faces over-capacity, reports The Australian.
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Weaker capex hints at Aus mining boom end
May 31, 2013 by goldguru · Leave a Comment
HSBC’s chief economist for Australia Paul Bloxham says the figures indicated a plateau in mining investment, not a huge dip.