Australia

The production base of the emerging Australian gold stocks has been growing significantly of late.

The Gold Report’s boots-on-the-ground correspondent in Australia, Richard Karn (managing editor, The Emerging Trends Report), updates us on the death of the Resource Super Profits Tax (RSPT) proposal and the birth of a new tax, the….

Breaking news in Australia as the Prime Minister falls on the super tax sword. PM Rudd is going to fight this leadership challenge however this is still a great moment for Australia.   The people have already voted forcing the government to shift to a new leader tomorrow. The mining industry in Africa and Canada, Brazil … Continue reading

By Neil Charnock www.goldoz.com.au Europe is not “all better” by a long shot and the net result will be more turmoil and attraction to gold as a safe haven investment.  Volatility is the other most important trend this year as we ebb and flow between risk aversion and risk appetite. Each new “revelation” about German … Continue reading

By Neil Charnock www.goldoz.com.au There are many current global opportunities that might escape investors at this time.  With so many different influences at hand it pays to keep the radar screen on and one eye on the markets at all times at the moment.   Things are moving and developing quickly.  Disaster is opportunity in disguise … Continue reading

By Neil Charnock www.goldoz.com.au When the Rudd Unworkable Super Tax (RUST) was first announced I stated that we may not be the only ones here in Australia to suffer from this type of tax.  Governments in many countries are worried about falling revenue as economic contraction bites. Plucking the goose that lays the golden egg … Continue reading

By Neil Charnock goldoz.com.au Introduction Gold reached US$1248.20 which was a new record high in USD. Silver has also followed gold up, this rally looks like the real thing. I have to stand corrected here as I was off the mark a little in some recent statements. I forecast US$1180 as an interim top and … Continue reading

By Neil Charnock www.goldoz.com.au It has been a hectic week here educating clients about global capital flows and debt cycles. One of the really interesting factors at play Down Under has been the unwinding of the carry trade which accelerated last night. The message it not always understood so I will be preparing a file … Continue reading

Isn’t the world an interesting place at present! When the historians look back and decide what to write on the history for this time period they might as well use the heading “it seemed like a good idea at the time”.

The XGD has formed a powerful buy signal indicating that the way forward is up again for the Australian gold sector……