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Gold & Silver Prices in
Articles related to Gold production
Koos Jansen - Bullion Star
The Great Physical Gold Supply & Demand Illusion
Gold supply and demand data published by all primary consultancy firms is incomplete and misleading. The data falsely presents gold to be more of a commodity than a currency, having caused deep misconceptions with respect to the metal’s trading characteristics and price formation. Numerous consultancy firms around the world, for example Thomson Reuters GFMS, Metals Focus, the World Gold Council and CPM Group, provide physical gold supply and demand statistics, accompanied by an analysis of these
Thursday, October 20, 2016
Egon von Greyerz - Matterhorn AM
The Gold Manipulators Will Be Punished
The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to manipulate the gold market lower. We saw over 40% of annual production of gold being sold last week which is 1,000 tons. The physical market continues to be strong which I will discuss further on. Western Central Banks hold less than 50% of official quantities Obviously, the sellers had no physical gold to sell so they conveniently dumped all this gold in the
Tuesday, October 18, 2016
Mark O'Byrne -
“Gold Is A Great Hedge Against Politicians” – Goldman
Gold has risen another 1.7% in British pound terms this week and is 1.8% higher in euro terms and is again acting as a hedge against currency devaluations, Brexit, eurozone and heightened political and geo-political risk in the UK, EU, U.S. and most of the world. Gold is marginally higher in dollar terms this week after surging on the open in Asia on Sunday night. Gold quickly rose 1% from $1,251/oz to $1,264/oz as China and the Shanghai Gold Exchange (SGE) began trading again after being closed
Friday, October 14, 2016
Chris Powell - GATA
  Russian central bank buys gold because it can do it with depreciating rubles
From Sputnik News, Moscow Thursday, September 29, 2016 Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That's according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. Navoi explained that it's profitable for the state to buy the precious metal, since Russia is a world leader in its production. Speaking at a conference on Wednesday, the official said that "last year the central bank purchas
Thursday, September 29, 2016
Chris Powell - GATA
Gold miner Petropavlovsk turns first profit since 2012
Russia-based gold miner Petropavlovsk has posted its first profit since 2012, as it looks to move on from a torrid few years. Petropavlovsk reported a pre-tax profit of $4.8 million in the six months to June, against a loss of $26 million for the same period a year ago. Revenue slipped 14.5 percent to $254 million as gold production fell after poor weather in the Amur region of Russia where it mines. The company nearly went bust in 2015 but now expects to close a refinancing deal with its credit
Wednesday, September 28, 2016
Peak Gold Coming as Exploration Dwindles, Randgold CEO Says
27-Sep (Bloomberg) — Peak gold production may be reached within the next three years as miners fail to replace their reserves, according to Randgold Resources Ltd. Chief Executive Officer Mark Bristow. The lack of new discoveries, cost cutting and miners digging out higher-grade material for a short-term gain, which can subsequently shorten the lifespan of a mine, are to blame for a supply crunch in the industry, Bristow told reporters in Johannesburg on Monday. Bristow, a South African who made
Tuesday, September 27, 2016
2 Reasons Gold Is Setting Up for a Historic Bull Market
22-Sep (MotleyFool Canada) — The price of gold has risen about 27% since the start of the year—recently closing at $1,318 per ounce—and while it has pulled back slightly, analysts at Royal Bank view any pullback as a buying opportunity. According to Royal Bank, gold has entered into a new bull market and predict gold will rise to $1,500 per [ounce] in 2017, 14% above current levels. This is in line with the vast majority of gold analysts. Bank of America and Credit Suisse see gold at $1,500 in 2
Thursday, September 22, 2016
Hasaga Project Delivers Positive Drill Results At Buffalo

Monday, September 19, 2016
Nathan Lewis - New World Economics
The "Giant Rise in the Value of Gold" Theory of the 1930s 2: Never Happened Before
We've been looking at the idea that there was some kind of giant rise -- in excess of 100%, which is to say, a doubling or more of gold's real value -- around the 1929-1933 period. September 11, 2016: The "Giant Rise in the Value of Gold" Theory of the 1930s I've been saying that there is no evidence of any such rise in the previous 500 years of history. After all, if gold did do things like that, causing Great Depressions along the way, it would not make a very good basis of monetary syst
Monday, September 19, 2016
24hGold - Publicnow
Underwritten Share Purchase Plan
Niuminco Group Limited Suite 50, 14 Narabang Way, Austlink Corporate Centre, Belrose NSW 2085 Australia Tel: (02) 9450 0828 Fax: (02)9450 0877 Email: [email protected]/* Friday, September 16, 2016
Chris Powell - GATA
Miners' second-quarter gold hedging is highest for six years
Gold mining companies expanded the global hedge book by a further 21 tonnes in the second quarter to the highest level in six years, an industry report showed on Friday. Hedging, usually by selling future gold production forward, allows miners to lock in prices and guarantee returns for their output. Gold prices rose around 7 percent in the second quarter from the first three months of the year. In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters
Sunday, September 4, 2016
Adam Hamilton - Zealllc
Silver Miners’ Q2’16 Fundamentals
The silver miners’ stocks have enjoyed an epic year, skyrocketing higher with silver’s new bull market.  At best since mid-January alone, some of these elite stocks had actually septupled!  Naturally such extreme gains beg the question of whether they can possibly be fundamentally justified.  The recently-released second-quarter financial and operational results of the top silver miners offer much insight on this. Back in mid-December leading into the F
Friday, September 2, 2016
Dan Popescu - GoldBroker
  Above-ground Gold Stock - How Much Is There and Why Does it Matter? 
To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel
Thursday, September 1, 2016
Mark O'Byrne -
Obama To Leave $20 Trillion Debt Crisis For Clinton Or Trump
President Obama is set to leave a massive near $20 trillion debt crisis for his successor – be that Hillary Clinton or Donald Trump.The U.S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and during the so called “recovery” as the U.S. government continues to spend money like a drunken sailor.President Obama gestures while speaking at Concord Community High School in Elkhart, Ind., on June 1, 2016. (Associated Press)Duri
Monday, August 29, 2016
Adam Hamilton - Zealllc
Gold Juniors’ Q2’16 Fundamentals
The junior gold miners and explorers have soared dramatically in an amazing year, before falling hard this week.  This sharp correction is doing its job in rebalancing bull-market sentiment, crushing greed and leaving traders wary of this sector.  But gold juniors’ recently-released second-quarter financial and operational results prove their fundamentals are strengthening dramatically, a very bullish omen for stock prices. The junior gold stocks are ri
Friday, August 26, 2016
Mark O'Byrne -
Gold Bullion Averages Biggest Seasonal Gains in September Over Past 20 Years
Gold bullion has had its biggest gains in September over the past 20 years. Seasonally gold is entering the sweet spot with the Autumn being gold’s best season and with September being gold’s best month in the last 20 years. Gold’s Monthly Performance – 1994-2014 (Bloomberg)Given the backdrop of one of the most uncertain macroeconomic, systemic, geopolitical and monetary outlooks both the U.S. and the world have ever seen, we are likely to see gold do well in its traditionally seasonal strong pe
Friday, August 26, 2016
Mark O'Byrne -
Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute”
Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits. Gold Futures – August 24, 2016 (Zero Hedge)Subsequently, gold dropped throughout most of trade in New York and ended near its last minute low of $1323.80 with a loss of 1.1%. Silver slipped to as low as $18.535 and ended with a loss of 1.75%. Gold futures moved sideways in Asia
Thursday, August 25, 2016
Mark O'Byrne -
Jim Grant Is “Very Bullish On Gold”
Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.Grant gave voice to his deepening concerns in an excellent interview with  Swiss business newspaper ‘Finanz und Wirtschaft’ (Finance and Economy):“From multi-billion bond buying programs to negative interest rates and probably soon helico
Wednesday, August 24, 2016
Koos Jansen - Bullion Star
Song Xin: Increase Gold Reserves And Join SDR.
The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China’s largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014 when he candidly wrote on Sina Finance that the People’ Bank Of China (PBOC) should slowly raise its official gold reserves to 8,500 tonnes, more than what the US Treasury claims to hold. The artic
Tuesday, August 23, 2016
Mark O'Byrne -
Germans Warned To ‘Stockpile’ Cash In Case Of ‘War’
The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.Angela Merkel, Francois Hollande and Matteo Renzi on Aircraft Carrier Garibaldi yesterday. Photo: Guido Bergmann / DPAAng
Tuesday, August 23, 2016