The spotlight is on the world’s second largest gold consumer, China, with its record purchase of gold via Hong Kong and imminent policy changes to revitalise its gold sector. Originally from Mineweb – Daily news headlines
The spotlight is on the world’s second largest gold consumer, China, with its record purchase of gold via Hong Kong and imminent policy changes to revitalise its gold sector. Originally from Mineweb – Daily news headlines
For a couple of years now, the extremists, gold bugs, perpetual doomers and others who know more about marketing than economics and investments have used numerous scare tactics as a manner by which to manipulate gold. These individuals like to mention gold manipulation by banks to explain the selloff, but never mention that the [...]
“What I am about to say is true. But under this system we are not allowed to speak the truth… Lies are required to maintain political harmony… the Chinese regime is in a serious economic crisis – on the brink of bankruptcy… every province in China is Greece.” (emphasis added) Larry Lang, Professor of Finance, [...]
Larry D. Spears writes: While many investors have been distracted by the goings on in Europe, China has been making a dent in the global gold market by making it easier for investors to buy and invest in the yellow metal. The goal: To dominate the global gold market and carve out a new role [...]
Silvercorp added another small-scale mine in China to its roster as part of a strategy to grow mining and exploration operations in the Qinling Mountains. Originally from Mineweb – Daily news headlines
Sources close to the proposed deal said Wednesday China’s Shandong Gold Group has made a $1.0bn offer to acquire Jaguar Mining, one of Brazil’s fastest-growing gold producers, and has prepared cash to get the deal done. Originally from Mineweb – Daily news headlines
On Monday, gold (NYSEARCA:GLD) surged $35 to hit a new six week high of $1,791 per ounce, while silver (NYSEARCA:SLV) climbed 74 cents higher to nearly $35 per ounce. Precious metals (NYSEARCA:DBP) continue to receive a boost as countries reveal what they really think about the shiny metals. Originally from The Market Oracle
The China unit of investment bank JP Morgan has become the eighth foreign financial institute to gain entry to China’s main precious metals bourse, the Shanghai Gold Exchange. Originally from Mineweb – Daily news headlines
J.P. Morgan Chase Bank (China) Co. has become a foreign financial member on the Shanghai Gold Exchange, the bourse said Monday in a statement on its website. This makes JPMorgan Chase & Co.’s JPM China unit the eighth foreign bank to trade on China’s largest spot precious metals exchange. The bourse currently trades spot gold, [...]
SPOT MARKET gold prices touched a one-month high of $1752 an ounce during Asian trading on Friday – a 7.9% gain from the start of October – before falling back by lunchtime in London. Stock and commodity markets edged lower and US Treasury bonds gained, as investors began to digest the implications of this week’s Euro Summit [...]
Gold and copper futures rally on Monday, tracking U.S. stocks as metals continue to follow the lead of equities; investors cheer a gauge of manufacturing activity in China and hope Europe is closer to a resolution for its sovereign-debt crisis. Originally from MarketWatch
© 2012 Gold Speaks
