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 | Jan Nieuwenhuijs - Bullion Star |
| Chinese Gold Lease Market And Chinese Commodity Financing Deals Explained |
| This post is part of the Chinese Gold Market essentials series. Click here to go to an overview of all Chinese Gold Market Essentials for a comprehensive understanding the largest physical gold market globally.
The main arguments presented by Western consultancy firms, such as GFMS and the World Gold Council (WGC), to explain the difference between SGE withdrawals and Chinese consumer gold demand relate to Chinese Commodity Financing Deals (CCFDs). However, this analysis is incorrect as I will dSunday, January 1, 2017 |
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| Jan Nieuwenhuijs - Bullion Star |
| Synthetic Gold Leasing: More Details Regarding The “Precious Metals” On Chinese Commercial Bank Balance Sheets. |
| More proof the “precious metals assets” on Chinese commercial bank balance sheets have little to do with the “surplus” gold in China’s domestic market.
One of the topics about the Chinese gold market that has not been fully illuminated is the “gold” on the 16 Chinese commercial banks’ balance sheets. At the end of 2015 the aggregated “precious metals assets” on the bank balance sheets accounted for 598 billion yuan (RMB), which translates into approximately 2,682 tonnes of gold – if all the precMonday, November 21, 2016 |
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 | Ronan Manly - Bullion Star |
| Bullion Banks pass the parcel on El Salvador’s gold reserves |
| Eighteen months ago I wrote a short synopsis of a gold sales transaction by the central bank of El Salvador wherein it had sold 80% (about 5.5 tonnes) of its official gold reserves. The title of the post was “El Salvador’s gold reserves, the BIS, and the bullion banks“. If you thought, why the focus on the Banco Central de Reserva de El Salvador (BCR), it’s not a major player on the world gold market, you’d be correct, it’s not in its own right that important.
However, the point of the article wTuesday, October 25, 2016 |
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| Ronan Manly - Bullion Star |
| From Gold Trains to Gold Loans – Banca d’Italia’s Mammoth Gold Reserves |
| Italy’s gold has had an eventful history. Robbed by the Nazis and taken to Berlin. Loaded on to gold trains and sent to Switzerland. Flown from London to Milan and Rome. Used as super-sized collateral for gold backed loans from West Germany while sitting quietly in a vault in New York. Leveraged as a springboard to prepare for Euro membership entry. Inspired Italian senators to visit the Palazzo Koch in Rome. Half of it is now in permanent residency in downtown Manhattan, or is it? Even Mario DSunday, September 25, 2016 |
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| 24hGold - Publicnow |
| Trading Statement |
| Pan African Resources PLC
('Pan African' or 'the Company' or 'the Group')
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
TRADING STATEMENT AND PRODUCTION UPDATE FOR THE FINANCIAL YEAR ENDED
30 JUNE Tuesday, August 2, 2016 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| GOFO and Gold Prices |
| The Gold Forward Offered Rate (GOFO) is the swap rate for a gold-to-U.S. dollar exchange. In other words, it is a rate at which someone is ready to lend gold on a swap basis against greenbacks (the benchmark used to be quoted by a few banks involved in the rate-setting process which were prepared to lend gold to each other). For example, if someone owns gold and wants to borrow U.S. dollars, he can use gold as collateral to secure the loan. The GOFO is the interest rate on that loan. Since goldMonday, May 23, 2016 |
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| 24hGold - Publicnow |
| Aura Minerals Announces Q1 2016 Financial and Operating Results and Voting Results for the Election of Directors |
| TORONTO, ON -- (Marketwired) -- 05/10/16 --
Aura Minerals Inc. ('Aura Minerals' or the 'Company') (TSX: ORA) announces financial and operating results for the first quarter of 2016 and voting results for the election of Directors.
This release does not constitute management's discussion and analysis ('MD&A') as contemplated by applicable securities laws and should be read in conjunction with the MD&A and the Company's condensed interim consolidated financial statements for the three ended MTuesday, May 10, 2016 |
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| 24hGold - Publicnow |
| Aura Minerals Announces Fourth Quarter and Year End 2015 Financial and Operating Results |
| TORONTO, ON--(Marketwired - March 24, 2016) - Aura Minerals Inc. ('Aura Minerals' or the 'Company') (TSX: ORA) announces financial and operating results for 2015.
This release does not constitute the management's discussion and analysis ('MD&A') as contemplated by applicable securities laws and should be read in conjunction with the MD&A and the Company's audited consolidated financial statements for the year ended December 31, 2015, which are available on SEDAR at www.sedar.com and on the ComThursday, March 24, 2016 |
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 | The Gold Report |
| Eric Coffin Can See the End of the Gold Bear Market and This Is What He Is Doing About It |
| When the New York markets run out of steam, the gold market gets hot. HRA Editor Eric Coffin has been watching the companies with the best assets, waiting for just this moment. In this interview with The Gold Report, he shares the names of the best in the gold, silver, copper and uranium spaces and tells you where you can go to talk to the CEOs.
The Gold Report: You singled out negative bond rates and a downward New York stock market as two of the factoTuesday, February 23, 2016 |
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| 24hGold - Noodls |
| GOLD Barkerville Gold Mines Files Amended Financial Statements and MDA |
| January 22nd, 2016
TORONTO, ON - January 22,2016 -Barkerville Gold Mines Ltd. (TSXV: BGM) (the 'Company') announces that further to its press releases of July 27, 2015 and October 30, 2015, it has, with the assistance of its auditors, identified certain inaccuracies related to the previously filed financial statements (the 'Financial Statements') and management discussion and analysis (the 'MD&A') for the nine month period ended November 30, 2014. As a result, the Company has filed amended andFriday, January 22, 2016 |
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| 24hGold - Noodls |
| Public Hearing for the Environmental Permitting of the Posse Deposit set for February 23th, 2016, Mara Rosa, Goiás, Brazil |
| Amarillo Gold Corp. (TSX-V: AGC) ('Amarillo' or the 'Company') Is pleased to announce that the date for the Public Hearing has been set for the 23 of February, 2016. This is the final stage of the process to obtain the preliminary license (LP) for the new mine. The date was set by the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and has been accepted by the Public Prosecutors office, (Ministério Público, 'MP').
This Public Hearing is a fuMonday, January 18, 2016 |
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| 24hGold - MarketWired |
| Public Hearing for the Environmental Permitting of the Posse Deposit Set for February 23th, 2016, Mara Rosa, Goias, Brazil |
| VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 18, 2016) - Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo" or the "Company") is pleased to announce that the date for the Public Hearing has been set for the 23rd of February, 2016. This is the final stage of the process to obtain the preliminary license (LP) for the new mine. The date was set by the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and has been accepted by the Public ProsecutoMonday, January 18, 2016 |
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| 24hGold - Noodls |
| GOLD Barkerville Gold Mines Files Amended Financial Statements and MDA |
| October 30th, 2015
TORONTO, ON - October 30,2015 -Barkerville Gold Mines Ltd. (TSXV: BGM) (the 'Company') announces that further to its press release of July 27, 2015, it has, with the assistance of its auditors, identified certain inaccuracies related to the previously filed financial statements (the 'Financial Statements') and management discussion and analysis (the 'MD&A') for the six month period ended August 31, 2014. As a result, the Company has filed amended and restated Financial StatFriday, October 30, 2015 |
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| 24hGold - Noodls |
| Financial Results Year End July 31, 2015 |
| 4908e53f-12c2-44ec-8faa-b53aa851c16f.pdf
26 October 2015 TSXV:RAB/AIM:RMM
FINANCIAL RESULTS YEAR ENDED JULY 31, 2015
London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc, a Canadian copper and gold producer, explorer and developer (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company') today reports its financial results and operational highlights for the year ended July 31, 2015.
While the volatility of our markets over the Monday, October 26, 2015 |
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| Ronan Manly - Bullion Star |
| Central bank gold at the Bank of England |
| In a recent article, “How many Good Delivery gold bars are in all the London Vaults?….including the Bank of England vaults“, I considered how much gold is actually in the London Gold Market, and highlighted how the amount of gold stored in the London wholesale market has fallen noticeably in recent years.
That article highlighted that the amount of gold stored in custody at the Bank of England (BoE) fell by 350 tonnes during the year to 28 February 2015, after also falling by 755 tonnes during tWednesday, September 23, 2015 |
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 | Bron Suchecki - Perth Mint |
| Fractional Reserve Bullion Banking – Part 2 |
| Fractional Reserve Ratios
In our last post we showed a simple bullion bank balance sheet. In reality, there are many different types of assets and liabilities that mature over a range of different time periods. Below is a more complex gold balance sheet.
I’ve also added in an additional column called Due Date, which shows the date the asset or liability comes due.
In our example above many would say that the bullion bank is running a 10% fractional reserve ratio – 5oz of physical in their vaultTuesday, September 22, 2015 |
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| Bron Suchecki - Perth Mint |
Fractional reserve bullion banking – Part 1  |
| Introduction
Bullion banking is integral to the function of the modern gold market. Unallocated and allocated gold accounts and associated clearing mechanisms centred in London facilitate the efficient transformation of gold from mine to end consumer. However, banking involves risk – for an individual bank should borrowers fail to repay their loans and also at a systemic level.
This series of posts on the fractional reserve bullion banking system explain how bullion banking works and where the rWednesday, September 16, 2015 |
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| 24hGold - Noodls |
| First Funds Received from Sale of Dalabai Project |
| 30 January 2011
ASX / MEDIA ANNOUNCEMENT
28 August 2015
FIRST FUNDS RECEIVED FROM SALE OF DALABAI PROJECT
Sale of Dalabai Project
Central Asia Resources Limited (the Company) (ASX: CVR) is pleased to announce that it has received the first funds from the sale of the Dalabai project. A binding Heads of Agreement for that sale Transaction was announced to the ASX on 17th July 2015. The purchaser of the Project is Uroven OMP LLP, a private Kazakh entity.
Legal documentation for the sale Friday, August 28, 2015 |
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