Loading ...Well … if they start shutting down copper mines or slowing production then a lot of byproduct gold and silver isn’t going to be coming to market …
The Slime are trying…they are trying hard…
This is the 2nd day in a row that the HUI has plunged on the opening–now keep in mind that for a few months when stocks dropped the HUI was strong–so this is a new tactic–and these past 2 days have seen the gold futures UP-! I see now that the HUI has risen 4 puts to almost unchanged–this is part of the battle….the
FILTH [copywrite Scruffy]
reeeeeeeeeeally do NOT like to see gold acting as a safe haven-well…bad cess to them…they can stew over their stinking pots of ale as they sit at their conspiratorial table at the local taverne.
Coppers effect on gold=
What can it mean?? First of all we must always keep in mind the immutable law of the financial universe: any and all news is negative for gold…and positive for paper/financial assets
With that in mind, then we can speculate as to what the particular effect of what the plunging copper price will have on gold and silver…the fact that silver was so strong yesterday and so weak today is just part and parcel of a mkt that is manipulated…each day is another roll of the dice.
It’d be OK with me
Faber: Gold will rally 30% in 2015
Gold on Tuesday took a breather after a strong start to the year with futures contracts in New York Mercantile retreating slightly to change hands for $1,232 an ounce, down just over $2 from Tuesday’s close.
Gold is still trading at its highest since October 22 after jumping more than 4% so far this year. Gold hit a near four-year low of $1,143 early November.
Marc Faber, economist, investment guru and Wall Street stalwart, came out on Tuesday as the year’s biggest gold bull, saying all asset classes except precious metals are overpriced and predicting a sharp move higher for the metal:
“I’m positive [that] gold will go up substantially [in 2015] — say 30%,” Faber, whose investment letter is called the Gloom Boom Doom Report, said at Société Générale’s global strategy presentation in London on Tuesday.
“My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum,” he said. “That’s the only way. That’s something I will do.”
more http://www.mining.com/faber-gold-will-rally-30-in-2015-32148/
Silver miner Coeur goes for more gold
Coeur Mining may be in the process of changing its status as a primary silver producer to that of a primary gold producer with the acquisition of the Wharf gold mine in South Dakota.
Chicago headquartered primary silver miner, Coeur Mining, appears to be hedging its precious metals bets with the purchase, for $ 105 million, of the wharf gold mine from a Goldcorp subsidiary. While Wharf does produce some silver it is very definitely a primary gold mine, and will stand alongside the company’s Kensington gold mine in Alaska as the company’s second such producer.
Wharf is an open pit gold mining operation located in the Black Hills of South Dakota, USA – an historic gold mining area – and close to the location of what for many years was the nation’s largest gold producer, the Homestake mine. Wharf has been operating for 30 years and has measured and indicated reserves containing some 560,000 ounces of gold grading around 0.7 g/tonne (a low, but reasonable, open pit grade by modern standards). While this doesn’t suggest a long life operation (it is currently put at 7 years), it should be borne in mind that Wharf was developed those 30 years ago on the assumption of a 3-year mine life and has been going successfully ever since!
In a statement, Coeur states that it expects to produce 85,000 to 90,000 ounces of gold at Wharf in 2015. It is a fairly low cost heap leach operation and Coeur reckons on all in sustaining costs of around $800-875 per gold ounce taking byproduct silver into account. Coeur goes further in reckoning the mine will help increase the company’s EBITDA by over 30% and contribute to free cash flow from the start. It also provides a 24% increase in the company’s total gold reserves. As a lower cost operation than the company’s Kensington operation it should also help reduce Coeur’s overall consolidated unit costs.
what’s palladium’s problem
Does it have to trade in sympathy with copper now? completely ridiculous
Maya
Is the Gold Train now a Bullet Train? 🙂
Markets slump on gloomy growth outlook
LONDON (Reuters) – Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fuelling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation.
Share prices, commodities and bond yields fell as investors sought safety in government debt and currencies like the Japanese yen. The dollar dropped 1 percent against the yen.
Market nerves were soothed somewhat after a top adviser to the European Union’s highest court advised judges to approve a bond-buying plan by the European Central Bank aimed at boosting the struggling
more http://finance.yahoo.com/news/copper-cracks-under-pressure-euro-021439388.html
Good morning Oasis
Young-Davidson Delivers Eleventh Consecutive Quarter of Record Gold Production and Approximately US$9 Million of Positive Net Free Cash Flow
http://finance.yahoo.com/news/young-davidson-delivers-eleventh-consecutive-110000300.html
Crocodile Gold Announces Closing of Agreement to Terminate Its Net Free Cash Flow Sharing Arrangement
http://finance.yahoo.com/news/crocodile-gold-announces-closing-agreement-113000124.html
Hecla Reports Preliminary 2014 Production Results of 11.1 Million Ounces of Silver and 186,994 Ounces of Gold
http://finance.yahoo.com/news/hecla-reports-preliminary-2014-production-130000914.html
Extreme Gold Train
Italian Bullets at Milano station…Extremely speedy.
http://www.railpictures.net/viewphoto.php?id=514273
haaaaay guys
why did you marry a woman Obozo? don’t sweat it, everyone already knows. you can come out now
Coffee’s on
Maya, you… you… you… EXTREMIST! Didn’t see coffee lovers on that list. Yet.
Treefrog
we usually make sausage from the wild hogs. I’ll give this a try on the next hog.
rno