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'Impending gold production cliff' may deliver a jolt to prices

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Chris Powell

GATA

Published : July 27th, 2016

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FOLLOW : Georgia Gold Gold Production

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Category : GoldWire


	* * * By Myra P. Saefong Marketwatch.com, New York Tuesday, July 26, 2016 Gold discoveries peaked in 2007 and production will soon follow, strengthening the value of the yellow metal and possibly fueling a boom in mergers and acquisitions in the gold-mining sector, according to Sprott Asset Management. Discoveries of gold has collapsed since then, "despite exploration budgets increasing by 250 percent from 2009 to 2012," Sprott's gold team said in a recent note. ... ... For the remainder of the report: http://www.marketwatch.com/story/impending-go...liff-may-del...

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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