Angelos Demaskos, manager of the Junior Gold Fund at Sector Investment Managers, says that he fully expects the price of gold to remain at least where it is and that this year the gap that has opened up between bullion and shares of gold companies will start to close. His picks in the fund are Focus Minerals (LON:FML) and Spanish Mountain Gold (TSX-V:SPA)

See earlier FML posts

Another viewpoint of FML and others

Those of us that have been investing in the resource sector for more than a couple of decades are likely to be experiencing a touch of Deja Vous with the news: “Indonesia has revoked a gold mining exploration permit granted to an Australian company (Arc Exploration) after a series of protests against the project (Critics have been concerned the project would have a negative environmental impact) left two people dead last month.” Read article

I wonder which other ASX listed companies are at risk…. I guess holders of IAU are feeling more than a bit edgy with the “forestry” decision still to come.

This image shows the world’s top 10 countries re National Gold Reserves. Note the very low ratio of China’s gold reserve to ForEx reserve.

As most of those interested in gold would know China has a large amount of its reserves in US dollars, the following image goes some way to understanding why China needs to diversify……

Click image to enlarge

From: Number Sleuth

“Integra Mining (ASX: IGR) achieved a gold production milestone of 100,000 ounces in early January at its Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield. ” I hold IGR