China Goes Gold Crazy. Why Now?
April 29, 2013 by Gold Editor · Leave a Comment
SOURCE:[Forbes] – Spurred by a sudden drop in prices, Asians in the last two weeks have gone on a gold-buying binge. The Indians, the world’s largest net importers of the yellow metal, have been snapping it up of course, and so have the Japanese, now concerned about a falling yen and rising inflation. Hong Kong [...]
West African Iron Ore
February 7, 2013 by Gold Editor · Leave a Comment
SOURCE:[Resource Opportunities] – West African Iron Ore has received the renewal for its Forecariah iron ore permits in Guinea. The three renewed exploration licenses cover an area of 1,050 square kilometres and incorporate an extensive iron district. The licenses are located just 35 kilometers from the proposed deep-sea ports of Kabak and Matakan. Rail line [...]
Does China Still Love Gold?
February 7, 2013 by Gold Editor · Leave a Comment
SOURCE:[Wall St. Cheat Sheet] – The recent price action in gold and silver has been frustrating for some people. Both precious metals logged gains last year, but continue to remain in consolidation mode. On the positive though, bullion demand is still providing support to prices. Due to the vulnerabilities of the global financial system and [...]
Copper Seen Extending Rally With China Accelerating
January 25, 2013 by Gold Editor · Leave a Comment
SOURCE:[Bloomberg] – Copper traders are bullish for a third consecutive week as the fastest expansion in Chinese manufacturing in two years boosts confidence that the biggest buyer of the metal is leading a global recovery. Eleven analysts surveyed by Bloomberg expect prices to rise next week, six were bearish and a further five were neutral. [...]
Commodities Rise on Strong Chinese Trade Data
January 10, 2013 by Gold Editor · Leave a Comment
SOURCE:[Global News] – Resource stocks powered the Toronto stock market higher Thursday as prices for oil and copper ran ahead in the wake of strong Chinese trade data. The S&P/TSX composite index climbed 35.58 points to 12,557.82 while the TSX Venture Exchange was ahead 9.44 points to 1,238.55. The Canadian dollar rose 0.14 of a [...]
CIBC’s Matt Gibson Sees Upside in Iron in 2013
December 19, 2012 by Gold Editor · Leave a Comment
SOURCE: [Brian Sylvester] – Matt GibsonInvestors who want to play in the iron and copper space should look to small-cap producers for attractive valuations and lower risk, says Matt Gibson, institutional research analyst with CIBC World Markets. In this Gold Report interview, he says he believes iron has found its floor in 2012. The Gold [...]
China Now World’s Largest Market for Silver Investment
December 14, 2012 by Gold Editor · Leave a Comment
SOURCE:[Mineweb] – In spite of rapid development in the Chinese silver market over the past decade, both silver demand and supply are expected to achieve further growth, says a Thomson Reuters GFMS study released Thursday by the Silver Institute. Meanwhile, investment demand from Chinese silver investors has jumped in recent years, making China the world’s [...]
Major’s Interest Growing in West African Iron Ore
November 21, 2012 by Gold Editor · Leave a Comment
SOURCE: [Growth Stocks Investor] – WAI has received renewal for its Forecariah permits which triggers the CAD$30 million loan facility from strategic partner China International Fund Limited (“CIF”), as announced early Sept. Any debentures issued will be converted into common shares of WAI at the greater of the market price or $0.10 per share, with [...]
3 Events Worth Watching
November 20, 2012 by Gold Editor · Leave a Comment
SOURCE: [Frank Holmes-US Global Investors] Indian Gold Demand Picks Up The love for gold has been reignited in India, according to the World Gold Council (WGC) in its Gold Demand Trends for the third quarter of 2012. India regained its title as the strongest performing market, overtaking the greater China area, as the country experienced [...]
Best Metals Forecaster Smirk Sees China Recovering: Commodities
November 15, 2012 by Gold Editor · Leave a Comment
SOURCE: [Bloomberg] – Industrial metals will rally through the middle of next year as the economy strengthens in China, the biggest user of everything from aluminum to zinc, according to the most accurate price forecaster tracked by Bloomberg. Justin Smirk of Westpac Banking Corp. (WBC) in Sydney beat as many as 25 others in predicting [...]
