Gold Mining News

Avocet Ships First Gold from Inata

Avocet Mining PLC announces the first shipment of gold from its Inata mine in Burkina Faso. Inata poured first gold on 20 December 2009 and this week exported approximately 11,000 ounces of gold to Rand […]

James West: Gold's Value Stands the Test of Time

Source: Interviewed by Gordon Holmes, The Gold Report 3/5/10 Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. In this exclusive interview with The […]

Euro Gold Records 2

After spending our entire lives in a dollar-dominated world, we Americans naturally view gold through a dollar-centric lens.  We assume the gold charts we're seeing are universal.  But this isn't the case, as investors around […]

All's Quiet on the Eastern Front

Thursday was another day when the precious metals basically followed the dollar's lead.  Trading in Hong Kong was quiet up until 4:00 p.m. in their afternoon when the dollar began a gentle decline while gold […]

Upside Down Gold

John Exter was an internationally known banker and a gold bug in the true sense of the word. He graduated from Harvard and was present when Keynesian economics first came to the fore. He lived […]

Precious Metals and the Dollar

Keep on sowing your seed, for you never know which will grow — perhaps it all will. Albert Einstein,1879-1955, German-born American Physicist The dollar has rallied very strongly easily taking out the lower end of […]

Brien Lundin: Gold Looking Good; Silver Even Better

Source: Interviewed by Gordon Holmes of The Gold Report 3/3/10 The gold rally that began last fall and drove gold through the $1,200 resistance level in late November doesn't seem to be panning out […]

Up, Up and Away?

Up, Up and Away? Gold did virtually nothing in Far East trading on Tuesday, with its low price of the day, around $1,115 spot, coming during the Hong Kong lunch hour.  But the real action didn't […]

Big rally among the gold miners underway

Greetings investors! Last week I said the gold miners would fare better than gold futures in the days to come. I now think this rally, potentially long term, is underway. I've had some success in […]

Chart tips for savvy investors

I keep reading disgruntled comments by investors who get frustrated and sell on dips – even while the stock is in an uptrend! We have to stop being so mesmerized by the priceline and start […]

Highland Gold expects 450,000 tonnes of production from new mine by 2011

The Russian miner announced its first shipment of concentrate from the Novoshirokinskoye mine last month

World’s largest HPGR drive system for Boddington gold mine

ABB has successfully commissioned the world’s largest high pressure grinding roll (HPGR) drive system for the Boddington gold mine expansion project in Western Australia. The delivery comprised 2 x 2,800 kW HPGR units of two converter transformers, two medium voltage frequency converters and two squirrel cage induction motors. By optimising the grinding process, ABB’s ACS1000 [...]

Eric Coffin: Juniors Playing the Exploration End Game

Source: Interviewed by Karen Roche, Publisher, The Gold Report 3/1/10 "Gold has been about the best investment around for the past decade," says Eric Coffin, despite having been lukewarm towards the precious metal in […]


Gold consolidates as concerns of the global debt crisis increase According to various articles and reports, banks in Germany, France, Switzerland and the United Kingdom have a combined exposure of some USD 253 billion in […]

Changing as Markets Change

I had the chance to listen to a prominent MIT finance professor talk about how market participants make their decisions, and I came away thinking that his big-brain ideas validate the approach that we’ve been using for years. Andrew Lo, the MIT professor, has developed what he calls the “adaptive markets hypothesis” (AMH) as a more sophisticated framework than the long-standing “efficient markets hypothesis” (EMH). I won’t go into a lot of detail, but the EMH assumes that all market participants act rationally at all times, and that all available information is immediately reflected in market prices. In Lo’s AMH, market participants are not always perfectly rational, he says – they often make bad decisions. They learn from those bad decisions and, driven by competition, the survivors constantly innovate. Those who don’t adapt don’t last. At U.S. Global, we have long viewed markets as “complex adaptive systems”—they are made up of many moving parts that are interconnected across a global network, and they learn from experiences and change accordingly. In our case, we use a matrix of top-down macro models and bottom-up micro stock selection models to determine weighting in countries, sectors and individual securities. We believe government policies are a precursor to change, and as a result, we keep tabs on the fiscal and monetary policies of the G-7 and what we call the “E-7” -- the world’s developing nations by population. We also focus on historical and socioeconomic cycles, and we apply both statistical and fundamental models to identify companies with superior growth and value metrics. We overlay these explicit knowledge models with the tacit knowledge obtained by domestic and global travel for first-hand observation of local and geopolitical conditions, as well as specific companies and projects. During his San Antonio visit, Lo contrasted “fear and greed” with “rational thinking” – the former being reactive and emotional, while the latter is measured and opportunistic. We use oscillators, like the one above showing gold and the dollar, to help us determine when fear or greed may be taking hold in a market. I’m a big believer in globalization, urbanization and major technological breakthroughs as key drivers of change in the world. These factors have an enormous impact on infrastructure creation around the world, which in turn greatly affects commodities demand. Back in the early 1970s, when gold resumed free-trading status in the U.S., China and India were both inward-looking and had very small economic footprints – now their economic engines are lifting tens of millions of people into middle-class prosperity each year. “I'd be a bum on the street with a tin cup if the markets were always efficient,” Warren Buffett once said. In other words, opportunities come to those (like us) who are able to navigate increasingly complex markets.   Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.

Jim Rogers: British Pound Could Collapse Within Weeks

Gold didn't do much of anything in either Far East or early London trading… and was pretty much unchanged from it's Thursday close by the time New York opened for business yesterday morning. From that […]

China: Did They… or Didn't They?

Gold's Far East high yesterday was around $1,101 spot shortly before Hong Kong opened.  Then a dollar 'rally' materialized that dropped the gold price down to the $1,090 level… and it kept bouncing off that low right up […]

Gold and Silver

See it big, and keep it simple. Wilferd A. Peterson From high to Low Silver has dropped over 24%. From high to low Gold has so far shed only roughly 12%.  Silver also did not […]

Global Gold Supply

Last week the World Gold Council (WGC) released its highly-anticipated Gold Demand Trends (GDT) report for Q4 and full-year 2009. GDT reports contain analysis of independent data compiled by GFMS Limited detailing supply and demand […]

Greek Deputy Prime Minister Attacks 'Nazi Germany'

When I signed off on my report yesterday morning around 6:00 a.m. Eastern time, gold had just fallen out of bed to the tune of $13… and I was concerned that things would only get […]

Gold miners agree to pay up to $100mn in taxes to Nevada

Nevada legislators say the state’s mining industry has agreed to pay up to $100 million in taxes and fees to the state.

Gold: Long-Term Fundamentals Remain Promising

Source: Jeffrey Nichols, Gold Report 2/24/10 "Gold's positive fundamentals, the high level of investor interest in key geographic markets and global monetary economic developments promise to push the yellow metal much higher," according […]

Centerra reports 7.3mn ozs of gold reserves, Kumtor mine life extended

But, the group says its Boroo mine in Mongolia is nearing the end of its mine life and is expected to cease mining by year-end

Teck positioned for growth in 2010

By Kevin Barker | # 022210 | Last year I said Teck Resources (TCK.NYSE, TSX) would get bigger or smaller, owing to its spectacular debt load. Actually, it did neither. Oh sure the company shed […]

The Dollar & Gold – What's Next?

Last week was strong with stocks and commodities moving up sharply. As nice as it was to see a rally, I still have my doubts whether this move has legs behind it. As prices moved […]