Could this be right?

We have just updated this page http://www.australian-gold.com/gold-shares-producers-miners.html

There is some interesting stuff, especially for those interested in our ASX listed top 20 gold producers.

BBY resources analyst Kurt Worden said the gold price is supported by 100 tonnes a month of Chinese imports absorbing the selling in exchange-traded funds. “We believe the gold price floor will form at close to current prices,” Mr Worden said. “Inflation is an issue in the developing world, even if not in the G7. Global growth is continuing at a healthy pace.”

With the S&P 500 in uncharted territory, mainstream financial media outlets have been busy cherry picking economic statistics to explain away the market’s puzzling historic ascent. Like preceding surges, the rally’s latest chapter is disconnected from the real economy’s fundamentals. Instead, what we are witnessing is the direct result of an unprecedented expansion of the Fed’s balance sheet.

Recently, it has become clear just how addicted the stock market is to easy money policies, as even the slightest hint of the Fed tapering its asset-purchasing program sends the markets into a frenzy. When the Fed might actually rein in its money printing is anyone’s guess, but if the chart above is any indication, there’s only one direction the market is headed once its life support is yanked away. Luckily, there’s still time for investors to fortify their wealth against this inevitable correction.

With centuries under its belt as a trusted form of money, gold offers unrivaled protection against the toppling of the fiat money regimes. For those who act now, ownership in the yellow metal—along with other precious metals—will have the ultimate form of wealth insurance.
http://www.hardassetsalliance.com/investing-news/editorial/bloated-fed-balance-sheet-propelling-market-rally

Beadell Resources Limited (“Beadell”, “BDR”, “Company”) has released guidance for the next six months.

• The Company expects gold production of 120-130koz (186-197koz for CY13) at C1 cash costs of US$435-485/oz (excluding royalties and iron ore credits).
• Capex is expected to be US$17m and free cash flow (assuming a gold price of US$1,330/oz) is expected to be US$92m (versus net debt of ~$US95m).

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Beadell Resources Limited (“Beadell” or “the Company”) is pleased to announce that open pit mining and processing of the ultra high grade Duckhead gold deposit at the Company’s Tucano gold mine in Brazil is progressing extremely well with a significant ramp up in gold production under way.

The Duckhead ore is now having a material impact on gold production at Tucano with 800 ounces per day of gold being recovered on average over the last 10 days. Mill throughput over the same period has been 12,000 dry tonnes per day with recoveries averaging 93.5%.

About BDR

As can be seen in this image the US Monetary base and Gold are usually in relative sync…. However of late there seems to have been a disconnect.

St. Louis Adjusted Monetary Base (AMBSL)

2013-07: 3,310.247 Billions of Dollars Last 5 Observations

Monthly, Seasonally Adjusted, Updated: 2013-08-16 7:16 AM CDT

But

Gold Jan 2000 – 2013

When we look at Monetary Supply Vs Gold we see much the same thing and if this piques your interest this article: Gold versus the money supply is likely helpful.

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year.

Globally, jewellery demand was up 37% in Q2 2013 to 576 tonnes (t) from 421t in the same quarter last year, reaching its highest level since Q3 2008. In China, demand was up 54% compared to a year ago; while in India demand increased by 51%. There were also significant increases in demand for gold jewellery in other parts of the world: the Middle East region was up by 33%, and in Turkey demand grew by 38%.