The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Surging Gold Demand Will Ultimately Lead to Speculative Mania Buying
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Gold World (11/20/2008)
"World gold demand totaled 1,133.4 tonnes during the third-quarter. This was up 170.1 tonnes, or 18%, from levels of a year earlier. In dollar terms, this represented a 51% rise to $31.8 billion, an all-time record high! This is a 45% leap from the previous record set during the second-quarter, and a major indicator that the gold bull market is still on track.And there's even more convincing evidence . . . The biggest contributor to the increase in total world gold demand in third-quarter was identifiable investment, which was up 137.5 tonnes, or 56%, relative to year-earlier levels. Driving the improvement in identifiable investment was net retail investment, which increased 121% from 105.1 tonnes to 232.1 tonnes. Switzerland, Germany, India and the United States enjoyed the biggest surge in demand, although shortages of bars and coins were reported among bullion dealers in many parts of the world. Gold ETFs set a record net quarterly inflow of 150.0 tonnes, boosted by extreme levels of economic and financial uncertainty. The peak in inflows occurred at the end of the September, triggered by the collapse of Lehman Brothers and a fear of banking sector collapses. Net inflows surged by an unprecedented 111.0 tonnes during 5 consecutive trading days, equivalent to $7 billion! Increasing investment demand is key to any bull market. In fact, it's surging investment demand that will ultimately lead to the coveted speculative mania buying stage and the peak of this gold bull market. Investment demand continues to grow, which provides strong support for the ongoing progression of the gold bull market, despite a few bumps in the road. We continue to urge you to buy gold. Bullion dealers around the country are limited in what they can sell right now. But if you have money that you're looking to keep safe, and can find a dealer who can get it for you, buy some gold now before the price spikes." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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