domingo, 28 de septiembre de 2014

China spurns gold, adding to price woes

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Gold News Digest
Monday 29 September 2014
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The slump in the gold price that has occurred in recent months shows no signs of letting up, and the latest import data from China will not give any joy to gold bugs.

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This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon.

The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.

Speaking towards the overall market Rick noted that, "The market itself is very healthy. You are seeing a transition…a transition that doesn't suggest, but rather screams that [junior resource issues are] under accumulation—which is a very, very bullish sign."

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With 24 million cubic metres of water and tailings flushed downstream of the Mount Polley gold and copper mine, the company's biggest challenge now is to keep the remaining tailings and water contained.

The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations.

Ousei

Since early 2013 the US stock markets have done nothing but rally, levitating thanks to the Fed's oft-implied backstop.

We've heard this before.

PC Gold Inc. has completed all of its previously announced acquisitions of additional mining claims adjacent to its Pickle Crow gold project in the Patricia Mining Division, Ontario.

Today's financial markets are built on the sand of unsound currencies.

Scientists have discovered that a small molecule created with just 144 atoms of gold can increase solar cell performance by more than 10%.

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