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 >
Gold Price Performance and Outlook
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Real Wealth ReportResource Capital Research (09/30/2009)
"Gold has been generating headlines recently after breaking through the US$1,000/oz level in mid-September. The gold price eased to US$998/oz on September 25, 1.9% below its three-month high (US$1,017/oz on September 16), but up strongly (+9.8%) from the three-month low of US$909/oz seen on July 8. The 10% rally in the gold price since early July has been driven primarily by a weakening U.S. dollar, but also helped by sporadic headlines regarding future inflationary risks. In the last three months, the U.S. dollar, as measured by the Trade Weighted Index of major trading partners, has fallen by 6%. Equity markets have been rallying strongly (The Morgan Stanley World Index is up 18.9% in the last three months), which suggests that 'crisis-driven' safe haven buying, which was prevalent early in 2009, is not a key driver of the gold price. Gold prices for producers in Australia and Canada have gone nowhere in the last three months due to commodity-linked currency appreciation. . . .RCR expects gold to trade in the range of US$950/oz to US$1,000/oz in the next six months, supported by ongoing concerns over the U.S. dollar, with the odd dash of inflation fear thrown in. The fundamentals, particularly reduced crisis-driven investment demand, do not suggest the price will sustain the push through US$1,000/oz. We see more risk on the downside towards US$900/oz if equity markets continue to rally. Inflation is not yet real enough to be a sustained driver of gold (this is expected in 2H10)." |
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More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
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