European Central Banks Stay the Course on Gold Sales

Source: resourceinvestor.com (10/23/07)

Thus far in the third agreement year, which started on September 27, Eurosystem signatories have reported sales of 22.7 tonnes. Weekly sales have averaged 7.5 tonnes in three weeks, in comparison with 6.7 tonnes per week last year.

In the week ending 19 October 2007, the European Central Bank (ECB) reported that two central banks within the Central Bank Gold Agreement of 27 September 2004 decreased gold holdings in the amount of EUR 126 million (US$179.4 million), representing sales of about 7.3 tonnes.

Thus far in the third agreement year, which started on September 27, Eurosystem signatories have reported sales of 22.7 tonnes. Weekly sales have averaged 7.5 tonnes in three weeks, in comparison with 6.7 tonnes per week last year.

According to the Bank of International Settlements, central banks sold 475.75 tonnes in the third year of the agreement ending 26 September 2007. This follows about 396 tonnes in the second agreement year.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."