Wednesday, July 24, 2013

Chinese Citizens Significantly Increasing Gold and Silver Ownership

October 23, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically. While fears about the Chinese economy may have led to some [...]

Russia to sell as much as 50 tonnes of gold by year end – source

October 23, 2009 by · Leave a Comment 

The sale could account for as much as 1.25% of annual world gold consumption but some analysts remain skeptical of such announcements Read more….

De Beers says demand for diamonds stabilising

October 19, 2009 by · Leave a Comment 

Demand for diamonds has started to stabilise, Sheila Khama, chief executive of De Beers in Botswana, told the Financial Times newspaper, adding that the company’s flagship mines were operating at 80% of capacity. "Consumption has not improved to anywhere near the levels that we are accustomed to … but the abrupt rate at which it [...]

SA’s coal output likely to rise by 2011, boosted by Waterberg mines

October 13, 2009 by · Leave a Comment 

South Africa’s coal production will struggle to meet demand over the next few years, but coal production could likely be on the upward trend by 2011 if new mines are opened in the Waterberg coalfield, despite the environmental and logistical constraints the industry is facing, growth consultancy firm Frost & Sullivan highlighted on Tuesday. The [...]

Chinese appetite for gold increasing

October 9, 2009 by · Leave a Comment 

Investors in China are increasingly looking to gold bullion in spite of the high price of the precious metal. This is according to Reuters, which says that investors are viewing gold positively as a result of expectations of higher gold consumption in the country.The news feeds on this site are independently provided by Adfero Limited [...]

Taking a shine to copper

October 7, 2009 by · Leave a Comment 

Consumption, speculation and growing demand by emerging economies add up to a rather rosy outlook for copper, says Steve Parsons, Senior Research Analyst for Wellington West Capital Markets. Interview with The Gold Report Read more….

Red October

October 3, 2009 by · Leave a Comment 

The Daily Reckoning Uh oh…maybe it will be a Red October after all… Two important things happened yesterday, both of which cast a crimson light on things. First, the Dow dropped again; it has only gone up one of the last 7 days. It went down 203 points. Could be nothing. Could be something big…the [...]

Galloping Consumption, Part II

September 2, 2009 by · Leave a Comment 

Bullion Vault As China’s household savings have surged, its Gold Investment has surged faster still… CHINA REMAINS A FARAWAY COUNTRY of which we know little. The Isle of Wight, on the other hand, is a small island two miles off the English south coast where my mother-in-law lives.And there…between the crumbling fiber-glass dinosaurs of Black [...]

Galloping Consumption

August 27, 2009 by · Leave a Comment 

Bullion Vault Gold Investment is surging as Beijing tries to squash China’s “savings glut”… “They rush about in disorder, anxious slaves of the three M’s – the moment, the mode, and the mob. They see too well their want of dignity and fitness, and need a false elegance to hide their galloping consumption…”- Friedrich Nietzsche, Thoughts Out [...]

Copper deficit in 2010, price may reach $7 500/t – GFMS

August 19, 2009 by · Leave a Comment 

A copper deficit of 88 000 t is likely in 2010 when the copper price may top $7 500/t, London base-metals consultancy GFMS forecast on Wednesday. GFMS said that the 88 000-t 2010 deficit forecast was the result of a strong recovery in consumption and slower mine production. Read more….