20 August 2014 - Jobs boost as Dalradian's gold mining in Omagh ramps up |
- 20 August 2014 - Jobs boost as Dalradian's gold mining in Omagh ramps up
- 20 August 2014 - Geopolitical issues, interest rate provide support for Gold: ETFS
- 20 August 2014 - Gold Firmer Ahead Of Global Central Bank Meeting, FOMC Minutes
- 20 August 2014 - 郑良豪：黄金需求整体仍呈上涨趋势
| 20 August 2014 - Jobs boost as Dalradian's gold mining in Omagh ramps up Posted: 20 Aug 2014 04:14 AM PDT From:http://www.bbc.com/news/uk-northern-ireland-foyle-west-28848826 A company that is exploring the possibility of gold mining in County Tyrone is to create 19 new jobs. The jobs are to support Canadian company Dalradian Resources' gold exploration project. Dalradian has the mineral rights to more than 80,000 hectares in Northern Ireland. This includes the Curraghinalt gold deposit outside Gortin, identified as one of the top ten undeveloped gold deposits by grade in the world. The company hopes to begin mining in the next four years with the potential to employ 300 people. Enterprise Minister Arlene Foster said this was "good news for the local economy". "The company had the option of locating these jobs in Toronto but was swayed by Northern Ireland's cost-effective business environment and the support offered by Invest NI," she said. "The company is looking to develop the first underground gold mine in Northern Ireland and this offers a unique opportunity to introduce specialist skills and sophisticated international resource investment into our important professional services sector." Dalradian has been working in Tyrone since early 2010 and has completed a number of exploration programs already, growing the total identified ounces of gold by seven-fold to 3.5m ounces. It operates out of facilities in Omagh and Gortin and employed 23 people prior to the decision to ramp up the exploration. Patrick Anderson said the firm was committed to creating a new industry in Northern Ireland Patrick Anderson said the firm was committed to creating a new industry in Northern Ireland The new jobs will be in these centres and will support the company's pre-commercialisation work at the Curraghinalt gold deposit. Dalradian chief executive Patrick Anderson said: "Our board, which has developed mines all over the globe, is focused on the Curraghinalt deposit in Northern Ireland because it has the right combination of geology, infrastructure, workforce and a business-friendly government. "To date, the gold deposit has responded exactly as we'd hoped; as we've invested, it has grown and the preliminary economic assessment is very positive. "This next phase of underground exploration, which will be managed and operated out of our Tyrone facilities, will take us through the more advanced economic assessment required to reach a mine construction decision. "We're committed to helping to create a new industry in Northern Ireland, to hire locally and build up specialized mining skills through training over the next several years. "Ultimately, we believe Northern Ireland can support a vibrant mining sector with well-remunerated jobs." Invest Northern Ireland has offered more than £326,000 of support for the jobs and associated training, which will generate almost £1m a year in salaries. Invest NI's support is part funded by the European Regional Development Fund. Source:http://www.bbc.com/news/uk-northern-ireland-foyle-west-28848826 |
| 20 August 2014 - Geopolitical issues, interest rate provide support for Gold: ETFS Posted: 20 Aug 2014 04:07 AM PDT In a weekly report, it said gold may surprise investors to the upside this year, due to rising geo-political risks which are likely to escalate, less than robust growth data and central banks issuing decidedly dovish messages. LONDON (Bullion Street): Geopolitical concerns and real interest rates have provided support for gold prices recently, according to ETF Securities Ltd. In a weekly report, it said gold may surprise investors to the upside this year, due to rising geo-political risks which are likely to escalate, less than robust growth data and central banks issuing decidedly dovish messages. Gold ETFs see largest inflows nearly two years. Gold ETFs in July saw their largest inflows since November of 2012, up nearly 484,000 ounces. Concerns about global risks in the Ukraine and Russia, highlighted above, have likely played an important role in driving the flows. Clear evidence of this is the strong performance of gold in Euros, as the gold price has rallied and the Euro has declined as the Russia-Ukraine conflict has hit investor sentiment. Another factor is rising concern about what many view as overstretched risk asset market rallies. A number of US Federal Reserve members have noted that historically low volatility is encouraging investors to take too much risk–particularly as the Fed exits its quantitative easing program. Some investors appear to agree and are acting to hedge against the possibility of a risk asset correction by increasing their gold allocations. While this alone is not sufficient to push the gold price significantly higher in the near term, the buying has provided price support. World Gold Council reports sharp fall in Q2 physical gold demand, markets to focus on rates and risk. Last week the World Gold Council published its Q2 Gold Demand Trends report, noting that the surge in physical gold demand seen in 2013 has subsided. Total jewelry fabrication was down by 29% YOY to 518 tonnes, accounting for about 53% of total demand. Led by India, the demand for bars and coins declined about 56% in Q2 YOY,notably due to regulatory restrictions. Central bank purchases increased 28% YOY to near 118 tonnes led by Russia, Kazakhstan and Tajikistan. Given the historic surge in gold demand last year–particularly from China–as the gold price plunged, it is not surprising that demand is lower this year than in 2013. In the near term, we believe investor flows –both in the futures market and ETP market – will be the main driver of the gold price, with perceptions of real interest rate trends and geopolitical risks playing the dominant role. On this basis, we believe the gold price will continue to trade in a relatively narrow range in the near term, barring a significant global macro or political shock. |
| 20 August 2014 - Gold Firmer Ahead Of Global Central Bank Meeting, FOMC Minutes Posted: 20 Aug 2014 04:03 AM PDT From:http://www.forbes.com/sites/kitconews/2014/08/19/gold-firmer-key-u-s-data-just-ahead/ (Kitco News) - Gold prices are modestly higher in early U.S. trading Tuesday. Smoldering geopolitical hotspots are still supportive for safe-haven gold. However, gains are limited by better risk appetite in the market place early this week and by the stronger U.S. dollar. Starting Tuesday, the U.S. economic report and event schedule picks up speed this week, which will likely make for more active trading in many markets. December Comex gold was last up $3.10 at $1,302.50 an ounce. Spot gold was last quoted up $3.90 at $1,301.60. December Comex silver last traded up $0.055 at $19.755 an ounce. There is increased risk appetite in the market place early this week, evidenced by firmer stock markets worldwide, including U.S. stock indexes that on Monday hit or are moving in on record or multi-year highs. Still, there is a significant contingent of traders and investors seeking safe-haven assets given the geopolitical hotspots in the world. Such has driven U.S. Treasury yields to multi-month lows recently, while German bond yields are at record lows of below 1%. Traders and investors are awaiting this week's annual Kansas City Federal Reserve meeting in Jackson Hole, Wyoming, that begins on Thursday. The confab of world central bankers has in the past yielded important U.S. monetary policy speeches and clues to the direction of monetary policy. Fed Chair Janet Yellen and ECB President Mario Draghi are scheduled to speak in Jackson Hole. Before the Jackson Hole event comes the Federal Reserve's FOMC minutes on Wednesday afternoon, which as usual will be closely scrutinized. U.S. economic data due for release Tuesday is also significant and includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, the consumer price index, real earnings, and new residential construction. Wyckoff's Daily Risk Rating: 6.0 (The market place is only somewhat focused on the still-simmering geopolitical matters: the Russia-Ukraine crisis, Iraq and the Gaza strip.) (Wyckoff's Daily Risk Rating is your way to quickly gauge investor risk appetite in the world market place each day. Each day I assess the "risk-on" or "risk-off" trader mentality in the market place with a numerical reading of 1 to 10, with 1 being least risk-averse (most risk-on) and 10 being the most risk-averse (risk-off), and 5 being neutral. The London A.M. gold fix is $1,300.25 versus the previous P.M. fixing of $1,296.75. Technically, gold bulls and bears are on a level near-term technical playing field. The gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at that August high of $1,324.30. Bears' next near-term downside breakout price objective is closing prices below solid technical support at the August low of $1,281.00. First resistance is seen at Monday's high of $1,304.90 and then at $1,310.00. First support is seen at Monday's low of $1,296.50 and then at last week's low of $1,293.00. December silver futures bears have the firm near-term technical advantage as prices Monday hit a two-month low. A six-week-old downtrend is in place on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $20.25 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at $19.00. First resistance is seen at $19.84 and then at $20.00. Next support is seen at the overnight low of $19.655 and then at this week's low of $19.535. Source:http://www.forbes.com/sites/kitconews/2014/08/19/gold-firmer-key-u-s-data-just-ahead/ |
| 20 August 2014 - 郑良豪：黄金需求整体仍呈上涨趋势 Posted: 20 Aug 2014 03:58 AM PDT From:http://gold.hexun.com/2014-08-20/167679144.html 本报记者 官平 世界黄金协会二季度《黄金需求趋势报告》显示，受中印需求暴跌的拖累，全球黄金需求第二季度下降16%至964吨。对此，世界黄金协会远东区董事总经理郑良豪接受中国证券报记者专访时指出，从过去五年情况来看，黄金需求整体仍呈上涨趋势，处在高位震荡区间。 辩证看数据涨跌 中国证券报：二季度黄金需求量下降16%，请分析原因，并谈谈中印需求下降，而美英需求增长背后分化的情况。 郑良豪：黄金市场是多方面参与、多形态、多地区的参与，整个市场往往都有一些此消彼涨的功效，今年二季度与前期同期比较是下降很多的，但是去年是很特殊的一年，如果单单与去年比较，会和去年二季度一样惊讶，数据变化很大，要比较理性地去看数据，应该看看这个数据跟过去五年、十年的比较。 如果看过去五年的平均数，或者跟过去十年的平均数比，有没有破五年平均或十年平均，如果没有破，第一就是去年的"极端"，剔除掉极端，可以看到从2004年至今，都没有突破需求上涨的轨道，因此去年是特殊。二季度是黄金市场传统的行业淡季，三、四季度行情或可看好。 央行需求可持续 中国证券报：各国央行在2014年第二季度共买入118公吨黄金，较去年同期增加了28%。这种购买会持续吗？ 郑良豪：央行增持在2012年是高位，央行的增持反映过去长时间央行对黄金重新的评估是没有改变的，而且央行通常的态度是比较长远的，不是短期的。尤其发展中国家，特别对收集黄金觉得是很重要的，对他国家的货币的稳定是很重要的一环。 央行为什么要在这方面特别加强他们黄金的储备，是因为黄金是可以稳定整个国家财富的一个投资门类，宏观上，是给货币一个信誉。 融资金和融资铜不同 中国证券报：国家审计署此前发布消息称，抽查25家黄金加工企业2012年以来虚构贸易背景，进行跨境、跨币种循环滚动贷款累计944亿元。世界黄金协会的一季度报告称，在中国，将黄金纯粹用于金融操作是需求的一种形式，也是影子银行的一小部分，这部分黄金在2013年年底总量可能达到了1000吨，规模约430亿美元。这些会对黄金市场产生什么影响？ 郑良豪：在融资过程中，黄金只是一个工具，是跟铜一样的。但融资骗贷跟黄金是没有关系的，对于黄金市场，交易是很透明的，一手现金一手黄金，每个交易单位都是这样。融资骗贷可能涉及了假仓单，但黄金交易所是一个很正规的交易所，而且是一个实体黄金进出的市场，是没有单据的，也不存在假仓单的问题。 中国黄金融资规模一千吨的数字是我们说的极限，这是估计，融资是什么人来用呢，第一块是投资者，第二是矿山，往往是跟实体黄金有关的。所以中国其实从没有到一千吨是很大的发展，但是全球这个市场规模很大的，伦敦、美国大得多，但没有统计。 应该配置一点黄金 中国证券报：现在市场比较属于没有方向的时候，中国的投资者应该如何配置黄金？ 郑良豪：我们一般都说黄金是什么时候都应该配置的门类，但数量不必多，因为它是跟其他主流的资产呈相反方向运行的。而比例分配，则是依据投资人的年纪或者是依据对风险的承受能力，风险承受能力低的人应该多搁一点黄金。因为它的价格波幅跟股票和其他房地产来比是低一点的，但较为稳定。 |
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