Silver guru’ David Morgan was recently interviewed by Future Money Trends and said that the gold and silver bullion “super bull market” has been initiated.
“We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.”Comments Off on Gold and silver bullion “super bull market” initiated
Gold Production – Gold production for the March quarter was 32,074 ounces.
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n the last 20 years at least, whenever the correlation between silver and the money supply turned negative, silver prices jumped up big-time. Between 2000 and 2003, the correlation was negative. In this period, the bull market in silver prices began. Silver prices went from around $5.00 to $50.00, an increase of 900%.
CHINA will launch a new contract today to set a “benchmark” price for gold bullion in the world’s biggest producer and consumer of gold, as part of efforts to increase its influence in pricing of the precious metal.
The yuan-denominated gold fix will be launched on the Shanghai Gold Exchange this morning, with the benchmark price at 257.97 yuan (US$39.83) per gram, said a statement released by the exchange yesterday.
Eighteen banks and bullion traders have been chosen as initial market makers for the fix, including 10 Chinese lenders, Standard Chartered Bank, Australia and New Zealand Banking Group and six domestic and international bullion traders including Switzerland-based MKS Gold Ltd, the exchange said.Comments Off on The yuan-denominated gold fix will be launched on the Shanghai Gold Exchange this morning 19/04/2016
The gold price is however the antithesis of paper money. The last few years have seen gold reaching record levels measured in most emerging economies’ currencies, but languishing against the US dollar. However, growing economic uncertainty could well result in a strong rise on gold against all paper currencies – including the US dollar.Comments Off on Gold ETF inflow record -Feb. 2016
According to Bloomberg, the white metal has risen an impressive 7.8 percent in the last five sessions, and on Tuesday reached $16.23 per ounce on the COMEX in New York — that’s the highest price for a most-active contract in over five months. Meanwhile, an ounce of gold was good for just 77.6271 ounces of silver on Tuesday, the least since February 9.
LATEST DRILL RESULTS FROM TEAL GOLD PROJECT DELIVER SPECTACULAR RESULTS
The wild side for IRC is their giant world-class vanadium resource….http://www.australian-shares.com/asx-top-12-by-vanadium-resource.htmlComments Off on Intermin Resources – ASX: IRC golden results
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