The Gold Report
GFMS Ltd has released its first update to the 2007 Gold Survey and at the group's annual London seminar on September 13th, GFMS Chairman Philip Klapwijk outlined the group's conclusions with respect to supply and demand in the market during 2007. He also gave considerable attention to the role of the investor and the activity in external markets, which are covered in a separate article on this site.
The study concludes that the first half of the year saw gold experience over 200 tonnes of net disinvestment, driven by large-scale speculative offloading, but that we are now experiencing a sea change and that there will be a significant upswing in investor purchases over the rest of the year. Net disinvestment for the year as a whole is thus estimated at just 110 tonnes and the important conclusion is that we are now embarking on a new stage in the gold bull market.
Notable Quotes
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"AMM is the kind of company an investor wants to be involved with." (5/20/13) Almaden Minerals Ltd. - The Gold Report Interview with Brent Cook More >
"ATY had some very good drill results and its VMS project is certainly economic." (5/20/13) Atico Mining Corp. - The Gold Report Interview with Brent Cook More >
"I like LYD because of its simple, low-capex project." (5/20/13) Lydian International Ltd. - The Gold Report Interview with Brent Cook More >
"TMM released record production of 28.3 Koz Au for the quarter." (5/8/13) Timmins Gold Corp. - Joseph Fazzini, Dundee Capital Markets More >
Are We at the Start of a New Bull Market?
Source: Mineweb.com (9/13/07)
GFMS Ltd's first update to the 2007 Gold Survey concludes that the first half of the year saw gold experience over 200 tonnes of net disinvestment, driven by large-scale speculative offloading, but that we are now experiencing a sea change and that there will be a significant upswing in investor purchases over the rest of the year.
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"SAS had a strong cash position of $32.1M at the end of Q1/13." (5/13/13) St Andrew Goldfields Ltd. - Eric Winmill, Casimir Capital More >
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >