Wednesday, July 27, 2011

Fed gives away $16 trillion: Gold may be more undervalued than we think

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FEATURED PODCAST                                                     

Europe, the US debt ceiling and the fundamentals of gold demand - HSBC

HSBC precious metals analyst, James Steel looks at the likelihood of increased volatility in the gold market and the continued growth in emerging market demand in the wake of the macro economic turmoil
 

TOP STORIES | Wednesday , 27 Jul 2011                                                     

Fed gives away $16 trillion: Gold may be more undervalued than we think

With the U.S. Fed's $16 trillion bailing out of banks, corporations and governments and at 7.87 gold ounces to buy the Dow, gold and gold stocks are looking increasingly undervalued.    Wednesday , 27 Jul 2011

BHP hard line on top copper mine strike - stoppage could be prolonged

The strike at the world's largest copper mine, Escondida in Chile, is boosting global copper prices as owner BHP refuses mediation.    Tuesday , 26 Jul 2011

How a dollar default would change gold/silver market

A technical default by the U.S., which is drawing ever closer, will have serious consequences for the global economy with gold and silver becoming the preferred reserve assets.    Wednesday , 27 Jul 2011

Higher gold and silver output sees Buenaventura net income up 83% in 2Q11

Increased precious metals production, combined with higher metals prices, substantially boosted income for Peru's Compañia de Minas Buenaventura.    Wednesday , 27 Jul 2011

Chalco signs coal purchase deal with Mongolia's Erdenes Tavan Tolgoi

A deal whereby China's Chalco will buy $250 million worth of coal from the Eastern Tavan Tolgoi deposit from Mongolia's state-owned Erdenes Tavan Tolgoi has been signed.    Wednesday , 27 Jul 2011

Nyrstar's C$619 million bid for zinc miner Breakwater extended

Belgium's Nyrstar says it achieved record first half zinc metal production and remains confident in the medium to long-term outlook for the metal.    Wednesday , 27 Jul 2011

Lydian's Armenian gold mine outline 'robust' - analyst

Lydian International released its first scoping study for a new gold mine in Armenia, drawing a positive review from one analyst covering the junior.    Tuesday , 26 Jul 2011

Indians finding gold-backed loans more and more attractive

Catering to individuals who possess gold jewellery but cannot access formal credit within a reasonable time-frame, gold loans are helping meet short-term liquidity requirements.    Tuesday , 26 Jul 2011

African Barrick/MDN Tulawaka gold mine ups output 49% in H1

Higher grades and increase in ore mined underground helped African Barrick Gold's Tulawaka gold mine in Tanzania achiever a substantial output increase. MDN has a 30% interest in the operation.    Tuesday , 26 Jul 2011

Tsunami avoidance: Gold and silver on the high ground

The markets may be expecting a compromise settlement of the U.S. debt ceiling impasse, but should the unthinkable occur, gold and silver holders are positioned to ride out the wave.    Tuesday , 26 Jul 2011

SHFE cuts transaction fees on copper contracts and trading margins on lead

The Shanghai Futures Exchange (SHFE) says it is attempting to boost trading volumes by cutting copper and rebar transaction fees and trading margins on lead futures.    Tuesday , 26 Jul 2011

African Barrick Gold posts 54% jump in Q2 income

Despite setbacks that included an armed attack on one of its mines, African Barrick gold said net income rose to $69.8 million in the three-month period, as revenue climbed 39 percent, helped by higher gold prices.    Tuesday , 26 Jul 2011

Ramu nickel mine injunction lifted by PNG court

According to Highlands Pacific, which owns a minority stake in the Ramu nickel and cobalt project in Papua New Guinea, a court in the country has cleared the way for start-up at the project.    Tuesday , 26 Jul 2011

Fy 2011 underlying net profit of A$70m expected - Whitehaven Coal

According to the Australian coal miner, FY 2011 underlying net profits, before significant items are likely to come in at A$70m, boosted by a strong output performance in the June quarter    Tuesday , 26 Jul 2011

Big lift in reserves for Australia's Tropicana gold project

There was no surprise when the AngloGold Ashanti, Independence Group partnership announced a significant increase in reserves at the big, remote Tropicana gold project in the far eastern goldfields of Western Australia.    Tuesday , 26 Jul 2011

Conservative on gold price and "Balkanization" of Quebec mining - Lemieux

Laurentian Securities Analyst Éric Lemieux shares his latest insights on the gold market, and his views on changes in Quebec mining legislation. Gold Report interview.    Tuesday , 26 Jul 2011

When push comes to shove gold is real money

Gold is not in reality in a bull market, but currencies in a bear market, as gold's monetary attributes reassert themselves in the global monetary system.    Tuesday , 26 Jul 2011

SA gold miners set to strike

South Africa's National Union of Mineworkers said Monday that talks between workers and the country's main gold diggers had broken down    Tuesday , 26 Jul 2011

Better than expected Q2 for Norsk Hydro

Higher volumes and realised prices for aluminium and alumina helped Norsk Hydro produce stronger-than-expected earnings in Q2 and the group remains positive about the prospects for aluminium demand    Tuesday , 26 Jul 2011

Another Indian coal handling project award for FL Smidth

FLSmidth is consolidating its position as a key supplier of coal handling equipment to India with the award of the first phase of a new installation.    Tuesday , 26 Jul 2011

Record sales boost De Beers H1 core earnings 55%

The Diamond producer said strong demand from India, China and the US helped boost prices 35% which helped push core earnings up 55%    Tuesday , 26 Jul 2011

Zijin Mining to spend $30 extending stake in Norton Gold

The Chinese miner said it would buy a further 138.35m shares in the Australian gold producer boosting its stake in Norton to just under 17%    Tuesday , 26 Jul 2011

yesterday's top story - Gold: Plenty of room to move higher - and higher

While a settlement of the U.S. debt impasse may see a sharp correction in the gold price this will only be brief with $1700 gold easily in sight this year and rock solid fundamentals suggest much higher prices in the future.    Tuesday , 26 Jul 2011

PODCASTS / RADIO                                                     

Anglo Platinum Results - Neville Nicolau – CEO, Anglo Platinum

A better second half in prospect. But what if the threatened strike goes ahead?

Copper price volatility expected - Monica Bonar, Fitch

With the impact of the macro-economic concerns on the one hand and supply disruptions on the other copper markets are likely to continue to be choppy

Gold price floor to remain above $1,000 for at least the next decade - Jeff Christian

A look at the likely trajectory of the gold price given the current macro-economic situation and a the similarities between this recent move and silver's charge at $50 in April

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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Editor in Chief

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