"Gold is losing its appeal". Gold price holding up well but Godies in Aus being hammered atm. Top quality co's with great increases in production in the future like MML,SLR,NST BDR; KCN is back to 2008 price with 5% div forecast 8% plus in 2014.
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"Gold is losing its appeal". Gold price holding up well but Godies in Aus being hammered atm. Top quality co's with great increases in production in the future like MML,SLR,NST BDR; KCN is back to 2008 price with 5% div forecast 8% plus in 2014.
I just saw some proprietary sovereign nation gold purchase data covering the last 10+ years.
If China maintains it's trajectory it's gold holdings will exceed that of the US by 2018.
Didn't he swap gold for an exchange rate move?
http://wallstreetpit.com/98855-gold-price-extreme/
Gold stock taking a pummel here in Oz. Just the cost of doing biz in Oz too high for any gold stocks to be profitable.
Cash have been dwindling even when they are reporting decent margin. Will there be a bounce is my main interest.
Should be Soulman. US$Gold has traded in this channel for a few months, so unless it breaks down completely, it should move back up. Since it often links with the oil price, which is trending upwards, something has to give. The US$ itself has shown remarkable strength over the last 2-3 days, which has to be most of the reason for the downwards movement in US$Gold over the same time. We're seeing the real cost of gold extraction, it's energy and labour intensive, lower grades.
The plunge in gold and silver in the last few days is just the warm-up for the main event.
Good commentary (sometimes hilarious) on a few of the gold articles covered at zerohedge.com, the bears are surely starting to out-number those still bullish.
I've just been reading an article that the 'bottom's in'.
Reminds me of a story in 1987, when one of my workmates had a lot of dosh in the sharemarket. As the market tanked, it stalled for a few days, this dude got a call from his sharebroker telling him that the bottom was in and to 'throw everything at it', which he did.
Needless to say, it was only about a 1/4 of the way down and he subsequently went broke.
http://www.businessinsider.com/ultra...ts-2013-2?op=1
Nomura have readjusted their price target for gold down to as low as $1025 in the next 6 months
http://www.proactiveinvestors.co.uk/...nds-54003.html
Still think that's a tad high, after the last crash gold tanked 60%, if it does the same this time it'll go to around $760 over time.