Gold seems to be having a bumpy ride at the moment as do my gold shares.
This tool allows you to get a free Spot Gold Trend analysis done by Marketclub. Costs nothing but gives a useful heads up.
N.B. Takes a couple of minutes as their servers are in the USA.
When I got the analysis response it went into my Junk Email folder so you might want to check there if it doesn’t arrive within a few minutes.
Gold Coast’s Q1 Deck up for grabs
Maurice Dunlevy | August 12, 2009
The observation deck of Australia’s tallest building is on the sale block after being seized by receivers in June.
Ernst & Young has ordered the $15 million to $20m sale of the Q Deck in the Gold Goast Q1 skyscraper as receiver and manager of the Octaviar group subsidiary Sunleisure Property Holding.
Octaviar, the former MFS, bought the deck as part of its $105m purchase of the Sunleisure business from Gold Coast developer Sunland in 2006.
The purchase included the retail precinct of Circle on Cavill as well as Sunland’s childcare business Sunkids, which was not affected by the receivership.
Need a holiday? Visit www.GoldCoastAustralia.com to see why the Gold Coast is THE place and if you want an apartment for your family visit www.GoldCoast-Apartments.com
Comments Off on A Different Type of Gold MineExcerpts from Daily Wealth
Only a handful of public companies are working with the Chinese government to expand the country’s production. Those companies will reap huge rewards as China dumps its dollars into its domestic gold industry.
Sino Gold (SGX on the Australian Exchange), for example, is a $1.2 billion China-focused gold miner. It owns two operating mines with two more under construction. The company’s remarkable ascent began in 2001, when it acquired a small project called Jinfeng. In just six years, Jinfeng went from a rough one million-ounce resource to the country’s second-largest gold mine.
China’s government is so eager to get its hands on more hard assets, it’s willing to go to almost any lengths to kickstart its mining industry. That kind of support can yield tremendous returns for smart investors.
China’s the world’s third-largest country, covering about 3.7 million square miles. That land is incredibly rich in mineral wealth – it potentially holds over 320 million ounces of gold.
Comments Off on Sino Gold ASX Code SGX BoomingAustralia close to top of gold pile
Posted Tue Aug 4, 2009 6:00pm AEST
Updated Tue Aug 4, 2009 6:29pm AEST
A delegate at the Diggers and Dealers conference in Kalgoorlie says Australia is heading towards the position of second largest gold producer in the world. (Perth Mint)
A mining analyst says Australia could become the world’s second largest gold producer within two years.
The managing director of Surbiton Associates, Sandra Close, says high gold prices and a continued production decline in South Africa could see Australia move into second spot behind China within two years.
“Australia and the U-S sit somewhere in the middle,” she said.
“We are a big player, we’ve been a big player now for a few decades and people don’t realise, I think, that we are so large on the world stage in that respect.”
“We’re sitting third or fourth in Australia at the moment.”
Here is a list of Australian companies producing more than 100,000 ozs of Gold per year..
Producing more than 10,000 ozs of Gold per year
Follow the links for detailed summary etc
Comments Off on Australia could become the world's second largest gold producer within two yearsIn an assessment of the current gold market, Donald W. Doyle, chairman of top coin dealers Blanchard & Co. sees very positive signs for the gold price in the short term.
Author: Blanchard & Co.
Posted: Tuesday , 04 Aug 2009
The slow trading months of summer are usually a time when gold prices decline, but economic analysts at Blanchard and Company, America’s largest precious metals investment firm, say that indicators this year have them believing the metal is poised for a big breakout by the end of the third quarter… read article
Comments Off on Indicators suggest gold poised for big breakout by end Q3Many of those that are interested in Gold also have a liking for Silver. Silver is both a monetary and industrial metal. Australia has in essence only a couple of silver producers. I have been following Malachite Resources ASX Code MAR for some time and have held it for several years…
This latest report shows why:
Silver sparkle on show at Conrad
A NEW mineral resource estimate has been prepared for the Conrad silver project in northern New South Wales, with Malachite Resources upgrading to 19.2 million ounces of silver equivalent.
The new estimate is based on drilling results to date, amounting to over 25,000m in 107 drill holes.
Of the 19.2 million ounces, 9.6Moz is silver, with the balance made up of tin, copper, lead and zinc.
Indium is also present, but has not been included in the calculations as its metallurgical recovery and net smelter return have not yet been investigated.
The company said the estimate was made up of Conrad’s three principal components: Conrad Lode; King Conrad Lode and Greisen Zone.
High-grade zones of mineralisation identified in the Conrad and King Conrad Lodes are expected to be the initial targets for future mining.
The company said to emphasise the significance of the high-grade zones within the lodes, mineral resource estimates have been reported applying defined shapes and a cut-off of 300 grams per tonne silver equivalent and demonstrate 458,000 tonnes at 424gpt silver equivalent for 6.2Moz of silver equivalent, including 3.4Moz of silver.
Read the full story http://www.cnmining.org/news/?id=785
(MAR also has gold, silver, tin, uranium, indium, copper)
This lovely compnay has such a swag of wonderful projects it is hard to know what is going to happen next….
http://www.giralia.com.au/projects.asp
This will become interesting… will we see gold go up as the USD goes down? In all likelihood we will see higher USD prices but I wonder if our AUD will run faster than the gold price especially as Australia is a so called commodity currency?
