The Gold Report
The phrase Onwards and Upwards has provided a motto, or aim, for many organisations and clubs around the world, and it is now the mantra for the gold sector with prices surging back again to the high $770s this week...
Indeed, as the price progresses new 28 year highs will become commonplace up until the all time high of $850 is in sight...
There actually seems little in the way of gold climbing surely and steadily through $850, short of some massive concerted effort by the international financial community to prevent this on the grounds that gold strength emphasises dollar weakness and would thus further destabilise the greenback. It looks now though that such a move may lack motive. There seems to be general recognition that the dollar has to fall further to relieve the huge US deficit and the mitigation of such a fall will likely come from Central Bank currency manipulation rather than gold price manipulation (Central Bankers are loath to rate gold as currency!), with the declining dollar already starting to impact on manufactured goods sales from the other industrialised nations.
Notable Quotes
"GCM's new plant will allow it to grow production to 170 Koz gold by 2015." (7/30/14) Gran Colombia Gold Corp. - The Gold Report Interview with Ralph Aldis More >
"We've been impressed with how far DAN has moved the Lac à Paul project along." (7/29/14) Arianne Phosphate Inc. - The Mining Report Interview with John Chu More >
"Metallurgical testing on MKA's REE deposit in Malawi suggests that it should be fairly easy to process with relatively high rates of recovery." (7/28/14) Mkango Resources Ltd. - The Gold Report Interview with Paul Renken More >
"MND should gain CA$2.46M from accelerated exercise of Elgin's warrants." (7/28/14) Mandalay Resources Corp. - Andrew Kaip, BMO Capital Markets More >
"On ICG's Lamaque PEA, the base case yielded an IRR of 38%." (7/24/14) Integra Gold Corp. - Kevin MacKenzie, Salman Partners More >
The Force Is With Gold: Upwards Momentum Continues
Source: Mineweb.com (10/26/07)
...There actually seems little in the way of gold climbing surely and steadily through $850, short of some massive concerted effort by the international financial community to prevent this...
More Experts
"CMM is now fully financed to advance the Castle Mountain project." (7/11/14) Castle Mountain Mining Co. Ltd. - Tara Hassan, Haywood Securities More >
"TMM's positive operations are leading to free cash flow." (7/10/14) Timmins Gold Corp. - Philip Ker, PI Financial More >
"PG's new resource shows Indicated ounces increased by 69%." (7/9/14) Premier Gold Mines Ltd. - Morning Coffee More >
"BAR is a development company that keeps adding numbers to the bottom line." (7/21/14) Balmoral Resources Ltd. - The Gold Report Interview with Byron King More >
"AKG's mine generates a 24% IRR at our long-term gold price curve." (7/17/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity More >