Gold's heading south again, must be the manipulators back on the job.
Venezuela repatriated their gold about 2 years ago, probably so tyrant Hugo Chavez could spend it on his absurd left-wing programs, love to know where it is now.
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Gold's heading south again, must be the manipulators back on the job.
Venezuela repatriated their gold about 2 years ago, probably so tyrant Hugo Chavez could spend it on his absurd left-wing programs, love to know where it is now.
Hi Percy, they have reported an in ground reserve of 1 million ozs. SP has recently tested support around 66 cents. They operate in a very remote part of Oz. Like all explorers/miners their prospects are linked to the POG. I know of one analyst who rates them as a buy.
yeah crazy like going to your bank "yes sir you have money with us but no you can't have it"
Yes don't want the Germans to find out there bars are full of tungsten or just not there.....
Because if the likes of the FED & Fort knox etc had the GOLD why the hell not hand it over or audit it...be a great way to show how wealthy and law upholding the good old USA is .....
Attachment 4233
The Big Picture
Hmm, Skol will like the title of this article, but the expert still believes exploration companies are a good long-term bet at the moment.
http://www.ino.com/blog/2012/11/paul...is-overvalued/
took a old 2005 SHARES mag to work front page "Gold's Bull Run" undervalued jnr goldies
the gold price at the time $475oz USD .....15yr year HIGH !!! at the time
the big margin's of the soon to be gold producers were talked up $150-$175 per oz
At this time non producers with good gold reserves could command 200-300mill Market values.....BDG,MON etc
today margins can be $1000+ (PGI,CVR etc) ....yet market values sub 80mill-14mill ...(.both these start up producers
have start up issues ,,,,SP smashed)
And Gold is 1700+ yet it's not even really talked about as a BULL market or even that gold producers are all that cheap..many gold producers have failed even at these prices..
Interesting to see how it plays out 2,000+ next year the BULL continues ....??
This is more like it JB, back on track.
http://www.ino.com/blog/2012/12/how-...e-gold-market/
News | Dec 06, 2012 02:03AM GMT
ForexprosArticle
Forexpros - Gold prices fell in Asian trading on Thursday after Goldman Sachs cut its 2013 price targets.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.09% at USD1,692.35 a troy ounce, up from a session low of USD1,691.45 and down from a high of USD1,697.75 a troy ounce.
Gold futures were likely to test support at USD1,683.55 a troy ounce, the low of Nov. 6, and resistance at USD1,724.45, Monday's high.
Goldman Sachs earlier slashed its 3-, 6- and 12-month gold price forecasts to USD1,825 per ounce, USD1,805 per ounce and USD1,800 per ounce, respectively
The bank also introduced and introduce a $1,750 forecast for 2014.
The bank concluded that an improving U.S. economy will prompt the Federal Reserve to hold off on its loose monetary policies and allow the dollar and interest rates to strengthen somewhat, which will curb demand for gold, a popular hedge against weakening paper currencies, especially the dollar, which trades inversely from gold.
The news sent funds selling despite reports of central bank buying around the world.