Commodity Trade Mantra

Posts Tagged ‘Gold Producers’

Gold will Never Let a Good Crisis go Waste & There are Lots of Them Coming

The current geopolitical uncertainty has been years in the making & extends beyond the gyrations in British politics. Negative or low interest rate environments, macro risks & deteriorating confidence towards central banks & monetary policy are the reasons cited for the fresh interest in safe haven gold. IF there’s one thing that can be said for gold, it’s that it never wastes a good crisis.

Thanks to Overvalued US Dollar, Gold Prices Have No Upper Limit

Thanks to an overvalued US dollar, gold prices may have nowhere to go but up. The biggest gold producers in the world have seen their share prices double this year. Not only are gold prices soaring, but producers are cutting costs and slimming down debt as they pave the way for gold to return to the top of the favored commodities list. This safe haven is back & the recovery is clear.

The $1200-Cost Fallacy Of The Gold Miners

I certainly didn’t believe that $1200-per-ounce industry cost level was correct. But I couldn’t prove it right away, as the gold miners hadn’t released their second-quarter operating and financial results yet. But since the great majority finally reported Q2’15 in the last couple weeks, now we can dispel that $1200-cost fallacy. Gold miners have no problem weathering sub-$1200 gold.

When Will Gold Stocks Rally? What Matters Is Gold Prices Can't Go Lower

The market is at the “bottom” for gold and other metals. That’s because all-in sustaining costs for the industry now average about $1,100/oz when you include the interest that major gold producers pay on their debt. There absolutely is demand for physical gold, and the price has to be at least what it costs to produce the metal.

‘Stealth Rally’ for Select Gold Stocks to Continue

As we have seen with gold producers, a select group of companies can begin to move higher before the worst companies hit “rock bottom.” Companies now stand to outperform or sink lower based on their individual merits. By the time the overall market is in better shape, the most attractive juniors may no longer be cheap.

China Creates World's Largest Physical Gold Investment Fund For Central Banks

China’s new international gold fund expects to raise 100 billion yuan or $16 billion. About 60 countries have invested in the fund, which will in turn facilitate gold purchase for the central banks of member states to increase their gold holdings. The new project marks another step forward in the internationalisation of the Yuan.

China’s Silk Road Economic Project Will Include Gold

It was first disclosed by Albert Cheng, Managing Director of World Gold Council, in a speech Apr 12, 2015; China has ambitions to include gold in the One Belt One Road (OBOR) economic project. His proposal suggested that cooperation & development mechanism to involve major gold producers/users along the OBOR.

These 3 Developments Say New Gold Mine Supply Is Peaking

Because future gold supply will reverse trend and fall for many years, there will be significant long-term consequences for investors—most of which are positive if you’re already positioned. The bottom line is this: a major shift regarding gold supply is underway and will lead to a substantial, long-term decline.

US Exports More Gold To Hong Kong Than It Produces

U.S. gold production declined 5% in the first four months of the year from 72.7 metric tons in 2013, to 69.1 mt this year. And in the same Jan-Apr period of 2014, the U.S. exported more gold to Hong Kong (29% higher) than it produced from its domestic mining industry.

New York Federal Reserve Lying About Gold Storage

Although I’m not sure every gold lease requires a movement of physical gold, the statement from the NY Fed they grant to return the exact same bars deposited by the account holder upon withdrawal, is untenable. As we have clearly seen by the repatriation of some German gold from the NY Fed.

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