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In the past year, holdings in GLD have declined from about 1350 tonnes to barely over 900 tonnes. This is the lowest since Q1 2009 when the Gold price was about $900.  

Low gold prices are starting to cure low gold prices it appears. The first signs of meaningful production cuts for the industry emerged this week, in Ghana. Ben Aryee, head of the state Minerals Commission, told reporters that Ghana’s gold output may drop as much as 18% this year. Aryee reported that the nation’s production … Continue reading

Good news: a major bottom is developing. Bad news: it needs more time to play out….

Included are links to precious metals posts and commentaries, a podcast, company news and a few premium samples….

According to The Golden Truth Blog, generalist fund managers are peaking at mining equities as they think they’ve become too cheap…

The Peruvian Ministry of Energy and Mines has approved the environmental and social impact assessment for the Corani project located in southern Peru…..

Are industry costs starting to decrease?….

Dave Forest, author at Pierce Points explains (on the back of current news) why infrastructure is so important for these deposits…

Speaking with Kitco News, Jim Rickards discusses the Fed, its non-taper, inflation and possible catalysts for Gold…

In an interview with Citywire, Blackrock Natural Resources CIO Evy Hambro provides some guidance on the gold industry: In the short term Hambro predicts production might actually tick up as gold companies seek to reduce costs by mining higher grade gold where they have the flexibility to do so. He believes that while that scenario might … Continue reading