Econintersect: Following are some of the stories we have found over the past week about gold and precious metals markets.
All Hell Will Break Loose & The Dominos Will Start Falling
– kingworldnews.com
Today one of the most highly respected fund managers in Singapore warned King World News that all hell is going to break loose and the dominos are going to start falling. Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also spoke about what this will mean for investors around the world and also what kind of surprise to expect from the gold market.
Kyrgyz MPs want Kumtor gold mine deal finalised
– http://www.mineweb.com
Kyrgyzstan’s parliament has given the government up to 4 months to finalise a draft deal with Centerra on forming a 50/50 JV to run the mine.
Financial Armageddon & The Ongoing War In Gold
– kingworldnews.com
Today the man who has been one of the most accurate in the world at calling movements in the gold price spoke with KWN about the ongoing war in gold and what is going to hasten the day of financial “Armageddon.” William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke with King World News about how this will dramatically impact people around the world.
South Sudan is medium-term frontier of choice for Randgold
– http://www.mineweb.com
CEO Mark Bristow says South Sudan is the company’s first choice as a country to explore and mine for gold, estimating the conflict there will be over in 4 to 5 years.
The Horrifying End Game & The Coming Big Crash
– kingworldnews.com
Today the man who has been one of the most accurate in the world at calling movements in the gold price spoke with King World News about the horrifying end game and the coming “big crash.” William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also warned KWN about forthcoming financial seizures and how this will dramatically impact people around the world.
Gold ETFs appear to have fallen out of favour in India
– http://www.mineweb.com
In what is termed as the first yearly decline in assets under management since their introduction in 2007, gold ETFs have lost over $479 million in 2013.
What to look for ahead of a hot junior market in 2015 – Cook
– http://www.mineweb.com
Legendary geologist Brent Cook shares his rules for weeding out flaky companies in anticipation of a hot junior market in 2015. A Gold Report interview.
Fleckenstein – As The Fantasy Dies, Expect Huge Move In Gold
– kingworldnews.com On the heels of more erratic action in global markets, today Bill Fleckenstein warned King World News that as the “fantasy” dies, investors should brace themselves for a huge move in gold. He also discussed how major markets would be impacted. Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this timely and powerful interview.
Northam Platinum swings to loss after 11-week wage strike
– http://www.mineweb.com
Northam expects to post a loss when it reports results this month as a result of industrial action at Zondereinde mine, its biggest operating asset.
Global Chaos & One Of The Most Astonishing Trades In History
– kingworldnews.com
On the heels of continued chaos in global markets, today a fascinating piece was sent to KWN discussing one of the most astonishing trades in history and how it will relate to gold in 2014. There are some amazing quotes in this piece, along with 4 outstanding charts.
The following articles are from the beginning of last week.
Govt cuts import tariff value of gold, silver – http://timesofindia.indiatimes.com/
The Indian government on 03 February slashed the import tariff value on gold and silver to USD 404 per ten grams and USD 635 per kg, respectively, taking into account the volatility in the global prices.
Sibanye beats gold production and costs guidance – http://www.mineweb.com
South Africa’s largest gold miner, Sibanye Gold, has reported strong December quarter figures enabling it to beat quarterly and yearly gold output guidance at lower than forecast costs.
US Mint gold coin sales sink 40% on weak collector interest – http://www.mineweb.com
Dealers say a move by the Mint to mix 2014-dated coins with 2013 coins to deplete last year’s inventories also weighed on sales.
Gold finds major support from bullish double bottom – http://www.mineweb.com
A double bottom developing on gold charts suggests a possible rally for the precious metal, analysts said at the beginning of February.
Randgold profit hit by lower gold price – http://www.mineweb.com
The miner said a 17% fall in the average gold price had hit profits, but cost reductions had gone some way to offsetting the lower price.
Schumpeter: The not so Golden State – http://www.economist.com/
In the gold rush of the late 1840s, chancers dreaming of quick riches flocked to San Francisco. It is the same today, only this time they are armed with computer-science degrees rather than shovels and picks. It is boom time again in Silicon Valley. Startups are sprouting like mushrooms after rain…
This Is The Beginning Of The 3rd Round Of A Currency War – kingworldnews.com
With continued turmoil and volatility in global markets, today Canadian legend John Ing told King World News we are just at the beginning of the third round of a worldwide currency war. Ing, who has been in the business for 43 years, also spoke with KWN about what investors should expect to see in major markets, including gold…
Anglo American Platinum back in profit but outlook bleak – http://www.mineweb.com
Maintaining profit for the company will be tough after workers in South Africa went on strike over wages last month.
Shadow banking in China: Credit paroled – http://www.economist.com/
Investors in financial markets are often spooked by new revelations; in China they seem surprised by old ones. Earlier last month Chinese newspapers reported that a 3 billion-yuan ($490m) investment product, roughly translated as Credit Equals Gold No.1, might default on January 31st, when it was due to mature…
Maguire: Desperate BIS & Fed Wage War On Gold As China Buys – kingworldnews.com
Last week London metals trader Andrew Maguire told King World News that an increasingly desperate BIS and Fed are accelerating their war on gold, even though The PBOC (People’s Bank of China) is aggressively buying while supposedly on holiday. He also spoke about what is going on behind the scenes in his powerful interview.
Silver’s Rally Could Mean Another 1,000% Run – https://econintersect.com
Money Morning Article of the Week by Peter Krauth, Money Morning
Let’s face it, 2013 was rough on silver. The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011. That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011…