Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

African Barrick takeover talk cheers gold bulls

IMG Auteur
 
Published : August 17th, 2012
317 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

 

 

 

 

Gold and silver have crept quietly higher over the course of the last week, with growing signs of a shift in investor sentiment away from perceived safe havens towards growth or “risk” assets. The yield on the 10-Year US Treasury Note has been a notable indicator of this, moving from around 1.4% in late July all the way to 1.8% today. This is still below the yields seen in March, but the rapidity of the rise (coupled with the US dollar’s continuing struggle to gain momentum) suggests that markets could be in for a bullish spell.

Inflation expectations are also rising, which should tempt speculators back into the commodities sector. This should have a notably bullish impact on silver; it won’t take much in the way of speculative interest in the white metal to send it soaring higher again, as discussed by James Turk in his latest King World News interview. $50/oz by Christmas? Perhaps.

Rising prices will be partly a consequence of manmade phenomenon – the racing certainty that major central banks will be forced into more dramatic money printing escapades. It is also because of natural events: the fierce draught in the American Midwest that has forced crop prices to record highs. Either way, the result is the same – a jump in commodity prices, followed by a spurt higher in producer prices, and eventually a rise in consumer prices.

Gold was also helped yesterday by news that the Chinese government is interested in buying a controlling stake in the FTSE gold-mining company African Barrick Resources (LSE: ABG). This is just the kind of merger and acquisitions activity that gold mining bulls have long been talking about as a precursor to a bull market in the mining stocks (which have as a group underperformed gold bullion over the last decade).

All in all, things are starting to get exciting again in the precious metals markets.

 

 

Thanks to Goldmoney from www.goldmoney.com
Companies Mentionned : Bullion | Gold Mining Company | Metals X | Midwest |
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Way Out
31 MarGypsy1
James, you're wrong to think the people on earth couldn't THRIVE ~ live well, eat well, enjoy great lives, advance mankind ~ with the resources we ...
Time to Eliminate Pilots in Airc...
30 MarShadowdoo1
Hi Mish, Sorry pal, I would rather take the door off than give the controls to some moron on the ground. Especially with that nitwit in t...
Gold: April 2015 Update
30 Marovertheedge
"I have been invited to speak at the Mines & Money Mauritius Conference in June 2015 again. If you would like to join you can receive 25% off your ...
Greece Needs the Magic Formula t...
30 Marovertheedge
Wow dude. "Idiocracy" is obviously not just another dumb-ass movie. I admit that I should have recognized your devotion to Brawndo (it has ...
Signs that America Will Hit the ...
30 MarFalconflight
I'll tell you what signals a return of the Dark Ages....the growing, almost hysterical screed again in the West that those Jews are responsible for...
Misunderstanding "Peak Gold"; Go...
29 MarTed S.1
Hi Mish, You make a good point about the difference between commodities and gold. It's a great point of discussion to counter people who ar...
The Finanser Interviews Jon Matonis
29 Marovertheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
28 Marneville1
Thank you Jim Willie for your open and candid report on some of the most urgent matters agrevating this economically and war torn world thanks...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Alto Ventures(Gems-Pl-Ag)ATV.V
Recovers Kimberlite Indicator Minerals on the West Fisher Claims Northwest of the Pikoo Diamo
CA$ 0.06+9.09%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Éléonore Achieves Commercial Production, Effective April 1, 2015
CA$ 23.62+3.05%Trend Power :
Production
Moly Mines(Ag-Au-Cu)MOL.AX
Moly Mines Reports Acting CEO Contract Extension
AU$ 0.07+0.00%Trend Power :
Corporate news
Moly Mines(Ag-Au-Cu)MOL.AX
Acting CEO Contract Extension
AU$ 0.07+0.00%Trend Power :
Corporate news
Klondex Mines(Ag-Au-Ti)KDX.TO
Files Pre-Feasibility Study for the Midas Mine
CA$ 2.66+1.53%Trend Power :
Corporate news
Helix(Ag-Au-Co)HLX.AX
More High-Grade Results at Collerina - NSW
AU$ 0.03+0.00%Trend Power :
Corporate news
Central Gold(Au)GTU
Central GoldTrust Announces Adoption of Advance Notice Rule
US$ 40.77+1.19%Trend Power :
Corporate news
Taseko(Au-Cu-Mo)TKO.TO
Gibraltar Wins 2014 John Ash Safety Award
CA$ 0.82+2.50%Trend Power :
Corporate news
Carpathian Gold(Cu-Mo-Au)CPN.TO
Carpathian Gold Inc. Provides Corporate Update
CA$ 0.00-50.00%Trend Power :
Corporate news
Bankers Petroleum(Oil)BNK.TO
to Release First Quarter Operational Update and Hold Conference Call April 7, 2015
CA$ 2.71+0.00%Trend Power :
Corporate news
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.