UK consumers snap up physical gold after price slides under 1,000 pounds/oz

Section:

By Jan Harvey
Reuters
via London South East, Essex, England, UK
Wednesday, October 5, 2016

LONDON -- Physical gold demand in London jumped after this week's price drop, dealers said today, as consumers were tempted back to the market by the metal's technically-driven slide through 1,000 pounds an ounce.

Online gold trading platform BullionVault.com saw its heaviest trading day on Tuesday since its all-time record on June 24, the day of the UK referendum result on European Union membership, head of research Adrian Ash said.

Other bullion dealers also reported higher sales following the fall, sparked by a bounce in the dollar that pushed the metal though key technical support at $1,300 an ounce.

"We have an awful lot of clients who were waiting for a pullback in gold, so the phones have been busy here," Sharps Pixley Chief Executive Ross Norman said. "We're close to 1,000 pounds an ounce. People want to get in at these levels." ...

... For the remainder of the report:

http://www.lse.co.uk/ukMoneyNews.asp?code=l7c4xmml&headline=UK_consumers...



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K92 Mining Shows What 'Fast Track' Really Means

Company Announcement
By Kevin Silva
Market One Media, Vancouver, British Columbia, Canada
via Business News Network, Toronto
September 18, 2016

"Fast-tracking" is an overused phrase in the mining sector. But K92 Mining Inc. (TSX.V: KNT) has demonstrated exactly what that concept means.

Less than four months after going public on May 25, the company has completed additional financings totaling $18.5 million. It also refurbished the mill and mine facilities with enhanced processing capacity and has two drills turning onsite. With all this accomplished, production looks to be just days away.

"The technical team on site has done an excellent job with the production restart, and we are on schedule and on budget," says Director and Chief Operating Officer John Lewins. "With that focus on track, and with the enhanced financial flexibility resulting from our recent financings, we are now looking to target a resource expansion that we believe exists."

K92 has under-promised and over-delivered. ...

... For the remainder of the announcement:

http://www.bnn.ca/k92-shows-what-fast-track-really-means-1.568196



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