Gold price | Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $3.30 to Close at <b>...</b> |
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $3.30 to Close at <b>...</b>
- Currencies Break, <b>Gold Price</b> Not | Gold Silver Worlds
- GoGold Resources' Mexico Project has “Low <b>Gold Price</b> Resilience <b>...</b>
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $13.10 Closing at 1252.70
- <b>Gold price</b> shrugs weak US jobs | MINING.com
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $3.30 to Close at <b>...</b> Posted: 10 Sep 2014 04:43 PM PDT
Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.  | ||||||||||||||||||||||||
| Currencies Break, <b>Gold Price</b> Not | Gold Silver Worlds Posted: 09 Sep 2014 03:21 PM PDT This is a guest post by Alhambra Partners. Go to the website for information on Alhambra Investment Partners' money management services and global portfolio approach to capital preservation. With credit markets in Europe and the US taking a bit of a pause for profit-taking or reassessment, it is notable that currencies have not. The euro finally broke free of what looked like a steady range, though unfortunately to the downside. While that may be celebrated by orthodox economists in Brussels and elsewhere, it should not as such devaluation has led to no place good in the recent past. While they continue to "fish" for economic growth via debasement, they should be looking to Japan for a realistic assessment of just how much worse such interference and instability makes economic function. The yen too has broken free of its range, curiously for much the same reasons. The lack of actual economic progress (really, like Europe, expectations for progress, even diminished, are now being downshifted further to nothing more than hope it doesn't outright deteriorate significantly from here) has "markets" looking for the "easy" way out. Currency intrusion seems to be the path of least resistance for central banks and their central planning, yet it may actually be the most poisonous of prescriptions. The yen has touched a low against the dollar last seen at the outset of 2014 when expectations for further QQE were highest. With the currency now breaking out of what was a very steady trend, Japan is actually courting very real danger and not just from the same impoverishment that it has undertaken since Abe took office. At some point, Japan's currency will not be "worth" the claims it supposedly represents, and when that happens investors no longer will hold the currency and attempt to exchange that derivative claim to something more like real property – underlying Japanese assets themselves. This is a kind of parallel to Gresham's Law written into the fabric of a currency collapse. Such a trend need not be hyperinflationary, but it is always preceded by economic distress that stubbornly remains despite ever-increasing means to displace it. That, too, binds the yen and the euro, as the euro cross with the Swiss franc touched a low not seen since November 2012. Again, that occurred last week while bond markets were retracing dramatic flatness and spread compressions (swaps). There isn't much deeper analysis to be had at this point, only that with such major crosses now outside their "comfortable" ranges of late there is a distinct elevation in both risk and uncertainty (the two, obviously, related). Curiously, however, the ultimate indicator of such risk, gold, has remained in its rut while these other pieces notoriously shed such contented framing. The $1,300 level still looks like the relevant anchor or really axis by which gold prices are gyrating. I still believe that at some point prices here will begin to react to such apprehension as displayed by currencies now exiting toward more unknown terrain. Given the state of complacency, maybe it makes sense that more is "needed" before uncertainty turns toward fear. Central banks have been at least "successful" in that respect, though these latest developments are very real erosions of faith that such was lasting, or even real. Click here to sign up for the free weekly e-newsletter of Alhambra Partners. | ||||||||||||||||||||||||
| GoGold Resources' Mexico Project has “Low <b>Gold Price</b> Resilience <b>...</b> Posted: 10 Sep 2014 04:00 PM PDT Articles Return to Article Directory
Highlights from the report include a net present value of US$150 million and a post-tax internal rate of return (IRR) of 58 percent with a payback period of just 1.7 years. Initial capital expenditures are set at $32 million for the project, including a 20-percent contingency, while after-tax net cash flow will come to $232 million. Contributing to that low capex is the substantial amount of existing infrastructure at Santa Gertrudis. The past-producing mine stopped operating in 2000, but features "numerous pits already stripped with haul roads," making it almost "ready to start mining." GoGold intends to develop the project as a 7,500-tonne-per-day heap leaching facility fed by several open pits, with the mine expected to produce an average of 56,000 ounces of gold per year over a projected 12-year mine life. Additionally, the mine is anticipated to have a low, all-in sustaining cash cost of just $699 per ounce of gold. GoGold's president and CEO, Terry Coughlan, commented on the results in today's release, stating "[w]e are extremely pleased with the results of the initial PEA study for Santa Gertrudis. The large increase in gold ounces along with the robust economic opportunity to develop our second low cost producing mine in Mexico, substantiates the reasons why the company was so eager to secure this gold project for our shareholders." How low can you go? Even more interesting for investors to note is the base-case gold price that the company used to get such impressive numbers for its PEA. GoGold took it down to $1,250 per ounce, giving investors plenty of confidence in terms of the project's ability to weather varying market conditions. Furthermore, should gold continue to fare poorly, investors should still see a substantial return on their investment in GoGold, with the company stating in its announcement that Santa Gertrudis will have "low gold price resilience." Essentially, even if gold drops to $1,000, the project will still have a hefty IRR of 34 percent. Opportunity to expand Although GoGold released a fairly recent updated mineral resource estimate for Santa Gertrudis in June, the company announced a substantial resource increase again on Wednesday. The indicated resource increased by over 33 percent, while the inferred resource went up by 80 percent. That rise was mostly due to revised economic and optimization paramaters for the PEA. However, Coughlan also said that the project could be expanded further, stating that Santa Gertrudis, "has the potential for exploration upside and additional gold ounces through targeted exploration." Certainly, investors will want to watch GoGold to see what the company gets up to in terms of advancing its Mexican project. What's next? Speaking to what investors can expect next from GoGold, Coughlan stated, "[o]ur strategy, as it was with our initial low cost producing Parral Mine that went from grass roots to production in under twenty four months, is to fast track this second project, the Santa Gertrudis gold mine into production." In addition to Santa Gertrudis, GoGold has various holdings in Mexico, including its San Diego exploration property and the Parral tailings project, which is currently in the commissioning phase of production. At close of day on Wednesday, GoGold shares were up almost 10 cents, or 6.38 percent, trading at $1.50. Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article. Return to Article Directory Read next article Yamana to Suspend Ramp Up at C1 Santa Luz Project Read more articles by Teresa Matich+ | ||||||||||||||||||||||||
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Lost $13.10 Closing at 1252.70 Posted: 08 Sep 2014 07:00 PM PDT
Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||
| <b>Gold price</b> shrugs weak US jobs | MINING.com Posted: 05 Sep 2014 12:59 PM PDT On Friday gold futures received an initial jolt after a US jobs report that came in way below expectations, but the buying soon dried up with the metal continuing to drift near 12-week lows by the close. In afternoon trade on the Comex division of the New York Mercantile Exchange gold for December delivery was changing hands for $1,267.30 an ounce, up less than a $1 an ounce compared to yesterday's closing price. The metal hit a day high just shy of $1,275 shortly after the news broke that the US economy created only 142,000 jobs in August, much lower than the expected an increase of 228,000 on non-farm payrolls. It was the smallest gain since December and while the unemployment rate ticked down to 6.1%, that was mostly as a result of people stopping to look for work and dropping out of the labour pool. Scott Carter, CEO of gold and silver broker Lear Capital, told MINING.com he was surprised by the subdued reaction of the gold price, but not by the evidence of continuing economic weakness in the US. "I've been a contrarian all year and issues like the participation rate should give the Fed pause. I'd be surprised if we get a rate hike before the third quarter of the next year," says Carter. Los Angeles-based Lear Capital does around $250 million in revenue on the physical gold and silver market and Carter believes the disconnect between the paper and physical market in precious metals will correct itself. "The paper market is keeping a lid on the price, but gold has built a solid base this year. It won't take much to cause a serious break out," says Carter, who believes further European economic shocks or a 10% – 20% US stock market correction could be the trigger that send money back into gold. Carter says he recently forecast gold to end the year at $1,450 an ounce and although he's less convinced of that price today, 2014 is likely to be an up year: "And with the right catalyst, gold could easily end the year up 15%". The gold market has been uncannily quiet this year trading in an 8%-band since April but almost half the time the daily close has been within 1% of the average price of $1,296 an ounce during this time. Year to date the metal is up just over 5%, recovering from a 2013 performance which was the worst in more than three decades. |
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