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.
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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?)
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Gold price signals China credit bubble bursting as investors seek safety
Telegraph.co.uk
CHINA’s “unfolding credit crunch” is having an unforeseen and dramatic impact on gold prices as investors urgently stock up on the precious metal as …
Gold price extends gains for third day to Rs 30985
Financial Express
While gold price inched up by Rs 5 to Rs 30,985 per 10 grams, silver … SummaryGold and silver prices extend gains for the third straight day in Delhi.
Today’s Gold price per ounce Spot gold per gram Spot silver rates; Precious metal news Now
Learning and Finance
Although the Dow Jones Industrial Average rose over 125 points during the last full trading session, precious metal safe haven prices rose higher as …
Demand from China Sends Gold Prices Higher: Weekly Gold ETF Update
Wall Street Sector Selector
Gold had a fantastic week as the spot price jumped 4.09 percent. While gold made a steady climb, advancing through each of the five trading sessions …
Gold & Silver Price Today (15-Feb-2014) in Mumbai, Bangalore, Delhi, Hyderabad, Chennai, Kolkata
AEG India
Min Gold Price in Last 7 Days :Gold price in Kolkata on 09-Feb-2014 was Rs.30000 per ten gram among the 6 different cities Kolkata, Mumbai, Delhi, …
Gold and Silver Prices Poised to Rise Dramatically
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It’s been two and a half years since the bank-coordinated reversal of the bull market in gold and silver began on September 7, 2011, the day after gold …
Silver Price Outperforming Gold
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I Am Bullish Gold & Silver
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Silver prices settled last Friday at 19.20 settling today at $20 an ounce having one of its best weeks in quite some time and I do think that the precious …
Silver extends rally, demand rises on physical demand
Proactive Investors Australia
Silver continues to shine as prices rose 2.9% this year as physical demand increased amidst turmoil in emerging markets, slowing economic growth …
Gold price recovers by Rs 50 to Rs 30510 per ten gram
Zee News
Gold in Singapore, which normally sets price trend on the domestic front, improved to USD 1,258.09 an ounce from USD 1,257.92. Silver rose 0.7 …
Scrap gold and silver trend higher, Platinum drops on Index
Metal.com News
WASHINGTON (Scrap Monster) : The daily scrap gold and silver prices – both hallmarked and non- hallmarked recovered from previous day on …
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Gold, silver recover on seasonal demand
Day & Night News
Thursday Feb 6, 2014, New Delhi: Gold prices recovered today by Rs 50 to Rs 30,510 per ten gram in the national capital on emergence of buying by …
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SPDR Gold Trust’s Holdings Rise, Precious Metals Index Looks Sunny
Seeking Alpha
Silver had been rangebound in H2 2013 between $18.50 and $19, but after a flurry above $20 last month the price has fallen back. With industrial …
PureFunds® ISE Junior Silver ETF on Silver Investing News
Silver Investing News
If investors believe silver prices are on the rise, we thought the best vehicle would be giving them access to a basket of junior silver stocks. But the …
“So it’s really important than when you’re considering the gold price in the Australian context, you must take into account the exchange rate of our dollar.”
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Investigator Resources Limited (ASX code: IVR) is a metals explorer focusing on silver, copper and gold discoveries on the Eyre and Yorke Peninsulas, South Australia with the objective of becoming a producer.
In October 2013, the Company announced its maiden Inferred Mineral Resource (JORC 2012 compliant); 5.9Mt at 110g/t silver and 0.6% lead, containing 20Moz silver and 38kt lead credit (at a 30g/t silver cut-off) in for the Paris Silver Project, discovered in late 2011.
The company is named after Matthew Flinders’ ship, ‘The Investigator’, a small former coal barque that outsailed the French in mapping the coasts of the Eyre and Yorke Peninsulas to claim South Australia for the British.
Investigator Resources belies its small size by applying innovative concepts and exploration techniques to secure quality ground and to compete for the next major metal discovery in Australia.
Peterlumbo JV Silver Project, South Australia
• 20Moz at 110g/t silver, Inferred Mineral Resource at the Paris silver Project.
• Considerable exploration potential between Alexander East and prior Paris drilling.
• Anomalous silver to 31g/t and lead up to 2.36% confirms Paris geology at Alexander East.
• Potential porphyry copper / gold target identified at Peterlumbo Hill and to be tested early in 2014.
East Eyre Peninsula Projects, South Australia
• Over 4,500km2 of well-placed ground with potential for silver, gold and related prospects.
• Drill testing at new potential silver field identified at Uno/Morgan, utilising soil geochemical techniques, to commence early 2014, upon access approval.
• Competitive advantage of our in-house prospectivity model for selecting areas.
• Unique asset of a regional soil geochemical dataset.
Early success, with the discovery of the Peterlumbo epithermal field, shows IVR’s approach is working and upgrades our other soil geochemical targets across the Moonta Corridor.
Bute/Ridgeback copper gold project, Yorke Peninsula, South Australia
• Under-explored regional extension to recent copper discoveries, Hillside copper Project, the Paskeville-Willamulka prospects and are in the historic Moonta-Kadina-Wallaroo copper district.
• Prospects under 200m of cover near Moonta offer a better option than drilling up to 1,000m deep holes on similar but deep targets near Olympic Dam.
• Drill testing of Roundabout target at the earliest opportunity, but subject to access agreements and farming activities.
Exploring For
Silver, copper and gold
Location of Projects
South Australia
Address
Suite 48, Level 3, 2 Benson St
TOOWONG, QLD, Australia
Phone
(61 7) 3870 0357
Email
[email protected]
Website
http://www.investres.com.au/
See table of top 56
Recently there has been a spate of articles suggesting that China has been “hiding” the amount of its gold reserves…. figures suggesting China may hold somewhere in the vicinity of 4,000t – 6,000t have been suggested. This would fit well with China being on the path to becoming the or a “reserve currency”.
The chart below shows why this might not be a far fetched ambition.
