AngloGold Says There's No Escaping Demise of South African Gold

Posted on
1200x 1 1 6

(Bloomberg) — South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho Pityana. That means the… Read More

Russia's Nornickel cuts 2018 output forecast for copper project

Posted on
img 5ae205f56ead5

MOSCOW, April 26 (Reuters) – Russia’s Norilsk Nickel (Nornickel) has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal,… Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

Posted on

In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine). DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities… Read More

Own Gold Bullion To “Support National Security” – Russian Central Bank

Posted on

– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances… Read More

Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive

Posted on

– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk… Read More

Gold Price Rigging Continues

Posted on
IM Gold 10 11 2017

Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More

Gold Price Rigging Charts

Posted on
IM Gold Price 07 11 2017

Investing Matters has been monitoring the extreme price movements on the Gold paper price. Most of the extreme, DOWN price movements are done when London and New York Comex overlap, as illustrated on the chart below. Here are other Gold Price Charts showing the gold price take down.           I would… Read More

Mainstream media acknowledges China will likely compel Saudi’s to sell oil in RMB, causing major hit to dollar and Petrodollar

Posted on

In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..

World's top 10 gold mining companies – 2016

Posted on

The price of gold broke a three-year losing streak in 2016, but the focus of the world’s top gold mining companies in terms of output continued to be on cost-cutting and divestment (with varying degrees of success) which led to a decline in production for most of the sector’s majors. Preliminary gold production by the… Read More

How I Became a Gold-Bug

Posted on

My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown Mexico City. The store belonged to a company… Read More

ABSA NewGold ETF

Posted on

ABSA NewGold ETF is one of the largest privately held fund in gold in the world. NewGold was listed on the ETF sector of the JSE Stock Exchange in 2004. Today, the fund is the largest ETF in South Africa. Since its listing, it has performed well as an investment, and out performed the South… Read More