Duckheads production guidance for the full year remains unchanged at between 200 000 oz and 220 000 oz of gold, at a cash cost of between $535/oz and $585/oz.

More than half of the Chinese foreign reserves are in U.S. dollars — close to $2 trillion at this point.

Longer term:

the cure?

(Brad, What you need to take away from this is that the Chinese hold more greenbacks (~2 trillion) and, very likely, more gold (hidden from view) than anybody besides the U.S. itself.

Their natural tendency, as the dollar loses buying power, will be to trade one for the other.

Dollars for gold… A depreciating asset for an appreciating one… Putting more and more tonnage of that yellow metal in their own version (or more likely, versions) of Fort Knox. And then the Yuan becomes the world’s reserve currency….. game over/on?)