Daily Dispatches

K92 Mining may show that Barrick is much better at geology than business

Section:

3:55p ET Wednesday, July 27, 2016

Dear Friend of GATA and Gold:

Reuters reported today that, continuing efforts to reduce its huge debt, Barrick Gold is negotiating to sell another $1.9 billion in gold-mining interests in Africa:

http://www.gata.org/node/16621

Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters

Section:

By John Tilak and Nicole Mordant
Reuters
Tuesday, July 28, 2016

Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining and has approached several South African miners, according to sources familiar with the situation.

Nick Barisheff: Gold and pork bellies

Section:

The former is always money, the latter is breakfast.

* * *

By Nick Barisheff
BMG Bullion, Markham, Ontario, Canada
Tuesday, July 26, 2016

'Impending gold production cliff' may deliver a jolt to prices

Section:

Assuming, of course, that buyers want actual metal instead of "paper gold."

* * *

By Myra P. Saefong
Marketwatch.com, New York
Tuesday, July 26, 2016

Gold discoveries peaked in 2007 and production will soon follow, strengthening the value of the yellow metal and possibly fueling a boom in mergers and acquisitions in the gold-mining sector, according to Sprott Asset Management.

Events are against monetary metals this week, Turk tells KWN

Section:

6:04p ET Monday, July 25, 2016

Dear Friend of GATA and Gold:

Events are against the monetary metals this week, GoldMoney founder and GATA consultant James Turk tells King World News today. Turk adds that if the metals show any strength at all this week, it will be a sign that governments are losing control of the market. An excerpt from the interview is posted at KWN here:

Lawrie Williams: Swiss gold stats show continuing flows back to West

Section:

3:23p ET Monday, July 25, 2016

Dear Friend of GATA and Gold:

Paul Mylchreest: Standoff in gold between speculators and price-suppressing banks

Section:

3:09p ET Monday, July 25, 2016

Dear Friend of GATA and Gold:

Market analyst Paul Mylchreest of ADM Investor Services International in London --

https://www.admisi.com/

Mike Kosares: In Bankrate survey, 1 in 6 choose gold for 10-year investment

Section:

By Michael Kosares
USAGold.com, Centennial, Colorado
Monday, July 25, 2016

One in six investors chose gold as the best place to park money they wouldn't need for more than 10 years -- the same number that chose stocks, according to a recent Bankrate survey. Another 6 percent chose bonds, while 25 percent chose real estate and 23 percent said they would simply bank the money.

Rising prices fail to induce Indians to sell their gold

Section:

Gold May Have Rallied High, But Indians Unwilling to Profit From It

By Sutanuka Ghosal
The Times of India, Mumbai
Monday, July 25, 2016

http://economictimes.indiatimes.com/markets/commodities/gold-may-have-ra...

China mines gold uneconomically because it plans to boost the price, Leeb says

Section:

11:07a Sunday, July 24, 2016

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb tells King World News that China is mining much low-grade gold uneconomically and he figures it's because the Chinese government aims to drive the gold price way up. An excerpt from Leeb's interview is posted at KWN here:

Syndicate content