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A big jump in sales of gold and silver coins by the US mint.

 

“Any kind of uncertainty attracts people to gold,” Scott Carter, the chief executive officer of Los Angeles-based Lear Capital, said in a telephone interview. “The long-term buyers accumulate gold every time there is a drop.”

 

http://www.bloomberg.com/news/2014-02-01/u-s-mint-gold-coin-sales-jump-63-in-january-silver-triples.html

 

There must be some gold minings stocks that will still make money even if gold prices drop to $1050 (as some are forecasting).

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gold appetite is showing here too...

 

/ a quiet weak, apart from rising PHM /

==== Last WEEK's MOVES ==== : = on Friday 01/31 alone = :

GLD : 122.29 : - 1.80 % / 120.09 : +0.32 : +0.27% / 7.83 M
GDX : $23.67 : - 0.80 % > $23.48 : - 0.01 : -0.04% / 28.10 M
Ratio : 5.166 : - 0.97 % / R 5.115 :
Gdxj : $36.26 : - 2.40 % / $35.39 : - 0.06 : -0.17% : 1.637 M
SPRD: 790.46: + 0.34 % / 793.16 = 25.501 mn oz. Gold stored

DXY- : 80.478 : + 0.96 % / 81.252: + 0.202 : +0.25 % : N / A
===================

 

It is bullish (somewhat) to see SPDR gold holdings rising, when GLD fell

=

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Gold price manipulation?

 

http://commoditywatch.podbean.com/2014/02/05/dimitri-speck-gold-price-manipulation-and-the-gold-cartel/

 

Dimitri Speck Gold Price Manipulation And The Gold Cartel

 

http://media67.podbean.com/pb/36c4fd934146e79114e9f006e278a90a/52f23fd2/data1/blogs1/2516/uploads/speck.mp3

 

In today's programme I talk to Dimitri Speck about gold price manipulation and his new book The Gold Cartel: Government Intervention In Gold, the Mega-Bubble in Paper, and What This Means For Your Future.

Dimitri-Speck.jpg
Dimitri Speck is a commodity analyst and chief developer of trading strategies for asset manager Staedel Hanseatic, where he is responsible for the Stay-C commodity fund.
Visit Dimitri's website, Seasonal Charts.
9781137286420.jpg

 

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It looks like we are at an interesting point in the gold market, technically speaking.

 

This chart is Gold continuous futures, March 2001 to present;in LOG

 

Goldlongterm_zps2af65e58.png

 

The key long term trend is still in play.

 

 

And the sentiment picture looks interesting too;

 

Gsent_zps1f97b06b.png

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Gold is testing the 144dma @ around 1293.

It will be very encouraging if it can break through and hold above this level over the next few sessions.

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Gold is testing the 144dma @ around 1293.

It will be very encouraging if it can break through and hold above this level over the next few sessions.

 

Went through with very little resistance or fanfare. Bodes very well..

 

This is a pretty big deal.. we haven't closed above the 144dma for over 2 years!

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Two 'outright' bears have second thoughts on 2014 gold price

 

February 20, 2014

 

 

 

 

After a dismal 2013 that saw gold lose 28% in value and suffer the worst price performance in 32 years, few predict a big upswing this year.

The median forecast for the fourth quarter 2014 of the nine gold analysts tracked by Bloomberg is for an average $1,165 an ounce gold price.

And historically the most accurate among them see gold sub-$1,050. Gold averaged $1,411 in 2013.

But gold's fight back this year – the spot price has gained 9.6% so far this year seems to have surprised a number of forecasters.

 

http://www.mining.com/two-big-bears-have-second-thoughts-on-2014-gold-price-86457/

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Gold price: Hedge funds add 30% to bullish bets

February 21, 2014

 

 

 

 

Long positions – bets that the price will go up – held by so-called managed money increased by 8% to 140,840 lots in the week to February 18 according to Commodity Futures Trading Commission data released after the close of business on Friday.

At the same time short positions were cut by 10,603 to just under 50,000, which translates on a net basis hedge funds holding 31% more bullish positions: net longs of 90,942 lots or 9.1 million ounces.

Net longs jumped 17% in the week to February 11, CFTC data showed. Net longs fell to a paltry 26,700 lots in early December when shorts held by large investors peaked at more than 80,000 lots.

That was the highest number of short positions since 2007, back when gold changed hands for $700 an ounce.

 

http://www.mining.com/gold-price-hedge-funds-add-30-to-bullish-bets-81200/

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BIG GOLD DEMAND from China - a report quoted more fully in DrBubb's diary

 

" If January is a guide then gold consumption on an annualized basis could be closer to 3,694 tonnes

from China and Hong Kong which is well ahead of our forecast. That number is staggering."

 

STAGGERING Indeed !

 

Remember, annual mine production is estimated at 2,850 tonnes.

So THAT estimate of 3,694 tonnes is 129.6% of production.

 

Last year, the GLD etf shed 552.8 tonnes - that's 19.4% of estimated 2014 production

 

There are early signs that GLD could turn a NET BUYER in 2014 (at the current price level.)

 

There is potential for a big Gold Buying scramble in 2014, with a high price (maybe Reorient's $1,800) to tame demand!

=

 

This is very Bullish for Gold

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meanwhile . . . Yves Lamoureux has again turned bearish on the yellow metal:

 

Feb 13, 2014

 

But also looking ahead, Yves Lamoureux, president of Lamoureux & Co., a market advisory firm based on behavioral economics, said he expects gold prices to fall toward his $1,000 target, as the recent bounce in prices has been “shallower and shorter” than he expected.

 

“Most of the rebound is short covering and we are shocked at how weak gold has been,” he said.

 

- LINK

 

 

20140224_Lamoureux_zpse8f4f6f2.png

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Another article suggesting that the London gold fixing mechanism is used to manipulate the price of gold: http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html

 

At the risk of repeating myself, the fixing mechanism is so outdated it should have been dispensed with decades ago.

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Odd that China and India are not listed in what seems to be the top 7 buyers?

 

Very odd but I believe (and please correct me if I am wrong), the PRC government does not buy its gold in the international markets so it does not show up as a buyer.

 

As for India, if the Indian government were to be buying gold at a time when it is punishing its citizens for protecting themselves agains a weak currency, I would imagine that would create a bit of controversy (to put it mildly).

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"My special report The 10-Bagger List for 2014 - containing the 9 gold stocks Louis thinks are most likely to become 10-baggers this year"

 

I don't think any gold stock will 10 bag this year. I am not bullish myself on gold stocks until gold gives us the right signals. Gold looks better over the last two weeks, but that doesn't make a new super bull market - yet. I have a few UK gold stocks on the monitor ( this thread is a good UK listed list;

 

http://uk.advfn.com/cmn/fbb/thread.php3?id=21909943

(advfn registration is free)

 

Gold is the dog that wags the tail (gold stocks), not the other way around.

 

 

-----------

 

EPIC ... £m ... Moz . Costs . $/Roz .... g/t ... Prod? ... $/t .. MC/Res . Margin
AAU ... 6.0 .. 0.81 ..... - .... 12 ... 1.52 .... CY14 .... 65 ..... 16% ...... 0
AAZ .. 22.3 .. 0.93 .. 1227 .... 39 ... 0.78 .. 57,316 .... 33 ..... 19% .... 21%
ABG . 1153.2 . 30.11 .. 1171 ... 62 ... 2.70 . 661,496 ... 115 ..... 30% .... 21%
AFCR . 10.8 .. 4.30 ..... - ..... 4 ... 2.00 ....... - .... 85 ...... 5% ...... 0
AGQ .. 17.4 .. 1.93 ..... - .... 15 ... 2.43 ...... 64 ... 104 ..... 23% ...... 0
AMA .. 32.4 .. 9.92 .. 1566 ..... 5 ... 1.40 .. 37,924 .... 59 ...... 7% .... -3%
AUE .. 72.9 .. 2.14 ..... - .... 55 ... 3.50 .... CY15 ... 149 ..... 58% ...... 0
AUR ... 2.1 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
AVM .. 24.6 .. 7.50 .. 1533 ..... 5 ... 1.35 . 121,924 .... 58 ...... 5% ... -13%
BGL ... 9.2 .. 3.51 ..... - ..... 4 ... 1.00 .... CY15 .... 43 ...... 4% ...... 0
BMZ ... 4.0 .. 0.33 ..... - .... 19 ... 8.50 .... CY13 ... 362 ...... 7% ...... 0
CEY . 605.8 .. 7.70 ... 647 ... 128 ... 1.11 . 366,184 .... 47 ..... 69% .... 55%
CGH .. 27.6 .. 5.56 ..... - ..... 8 ... 4.09 .... CY15 ... 174 ...... 9% ...... 0
CGNR .. 5.4 .. 0.60 ..... - .... 15 ... 1.60 .... CY16 .... 68 ..... 18% ...... 0
CMCL . 22.9 .. 0.46 .. 1279 .... 81 ... 3.88 .. 41,888 ... 165 ..... 50% .... 14%
CNG . 113.0 .. 5.01 ..... - .... 36 ... 2.66 .... CY15 ... 162 ..... 29% ...... 0
CNR .. 36.2 .. 2.37 ..... - .... 25 ... 3.50 .... CY16 ... 149 ..... 28% ...... 0
CRND .. 7.2 .. 2.76 .. 2238 ..... 4 ... 3.05 .. 10,812 ... 130 ...... 3% ... -49%
EUA ... 4.3 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... 0 ....... - ...... 0
FRES . 7096 . 60.44 .. 1149 ... 190 ... 0.78 . 1180000 .... 33 .... 173% .... 22%
GAL ... 4.2 .. 0.33 .. 2296 .... 21 ... 7.00 ... 2,000 ... 298 ..... 31% ... -53%
GBGR . 49.8 .. 1.94 .. 1311 .... 42 ... 5.34 .. 30,356 ... 228 ..... 58% .... 14%
GDP ... 8.4 .. 0.93 .. 1564 .... 15 ... 2.39 .. 35,836 ... 102 ..... 19% ..... 3%
GGP ... 3.0 .. 0.09 ..... - .... 54 ... 0.00 ....... - ..... 0 .... 169% ...... 0
GRL ... 4.0 .. 0.29 ..... - .... 22 ... 1.77 ....... - .... 75 ..... 17% ...... 0
HGM . 223.6 . 11.11 ... 851 .... 33 ... 3.60 . 216,885 ... 153 ..... 21% .... 43%
HOC . 734.2 . 18.56 .. 1388 .... 64 ... 3.70 . 360,000 ... 158 ..... 42% ..... 6%
HUM .. 27.7 .. 3.82 ..... - .... 12 ... 1.28 .... CY16 .... 55 ..... 16% ...... 0
KEFI . 16.8 .. 1.50 ..... - .... 18 ... 2.34 ....... - ... 100 ..... 19% ...... 0
KGI . 154.3 .. 4.48 .. 1182 .... 56 .. 16.55 .. 91,518 ... 705 ..... 32% .... 17%
KGLD .. 4.5 .. 0.20 ..... - .... 38 ... 1.84 ....... - .... 78 ..... 30% ...... 0
KIBO .. 5.8 .. 0.80 ..... - .... 12 ... 1.20 ....... - .... 51 ..... 29% ...... 0
KLG ... 1.4 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... 0 ....... - ...... 0
MARL . 14.5 .. 0.52 ..... - .... 45 ... 1.10 ....... - .... 47 ..... 31% ...... 0
MIRL . 22.9 .. 3.09 .. 1557 .... 12 ... 2.16 .. 23,392 .... 92 ..... 12% .... -7%
MML . 222.2 .. 3.35 ... 405 ... 107 ... 9.95 .. 75,000 ... 424 .... 121% .... 69%
MTL .. 72.2 .. 1.39 ..... - .... 84 ... 1.69 .... CY14 .... 72 ..... 46% ...... 0
MWA .. 18.2 .. 4.07 .. 1592 ..... 7 ... 2.48 .. 70,144 ... 106 ..... 8% ..... 4%
NGL .. 28.0 .. 3.44 ..... - .... 13 ... 4.70 ....... N ... 200 ..... 14% ...... 0
NMG ... 5.8 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
NYO ... 3.6 .. 0.47 ..... - .... 12 ... 2.34 .... CY15 ... 100 ..... 12% ...... 0
OMI .. 12.5 .. 0.78 ... 935 .... 26 ... 2.99 .. 67,404 ... 127 ..... 14% .... 29%
ORE ... 5.6 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
OTC ... 5.6 .. 1.33 ..... - ..... 7 ... 1.75 ....... - .... 75 ...... 5% ...... 0
OVG ... 6.9 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... 0 ....... - ...... 0
OXS .. 10.8 .. 3.67 ..... - ..... 5 ... 3.23 ....... - ... 138 ...... 4% ...... 0
PAF . 259.8 .. 4.50 .. 1102 .... 94 ... 7.50 . 205,892 ... 320 ..... 89% .... 35%
PGD .. 84.5 .. 1.66 ..... - .... 83 ... 2.77 .. 21,652 ... 118 ..... 66% ...... 0
PGL ... 5.0 .. 0.34 ... 909 .... 24 ... 1.39 .. 19,028 .... 59 ..... 21% .... 47%
PML ... 7.7 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
POG . 179.9 . 25.06 .. 1301 .... 12 ... 1.12 . 632,000 .... 48 ..... 10% .... 18%
POLY . 2532 . 13.91 .. 1222 ... 295 ... 2.20 . 1124000 .... 94 ..... 82% .... 14%
RRS .. 4488 . 27.76 .. 1029 ... 262 ... 3.84 . 934,708 ... 164 .... 192% .... 28%
SAV .. 14.4 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
SGZ ... 2.2 .. 0.18 ..... - .... 20 .. 13.10 .... CY14 ... 558 ..... 19% ...... 0
SHG .. 71.0 .. 1.70 ... 972 .... 68 ... 5.30 .. 75,656 ... 226 ..... 45% .... 36%
SMA ... 4.7 .. 0.37 ..... - .... 21 ... 1.20 ....... - .... 51 ..... 65% ...... 0
SOLG . 74.7 .. 0.46 ..... - ... 261 ... 1.00 ....... - .... 43 .... 324% ...... 0
SRB .. 19.0 .. 0.67 ..... - .... 46 ... 6.34 .... CY14 ... 270 ..... 59% ...... 0
STG ... 3.7 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
STI .. 16.9 .. 0.87 ..... - .... 32 ... 1.50 ....... - .... 64 ..... 42% ...... 0
TGL ... 1.3 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
TPJ ... 1.5 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... 0 ....... - ...... 0
TSG .. 12.9 .. 1.14 .. 1013 .... 18 .. 12.58 .. 27,332 ... 808 ..... 14% .... 33%
VGM .. 24.6 .. 4.20 .. 1585 .... 9 ... 6.16 .. 36,020 ... 262 ...... 6% ..... 0%

Avg ... 288 .. 4.54 .. 1270 .... 41 ... 2.94 ....... . ... 130 ..... 43% ..... 6%


£m ~ Market Cap at latest update
Moz ~ Tot attrib JORC/NI43 resource (may incl AuEq oz for polymetallic deposits)
Costs ~ Latest actual all-in costs of production
$/Res oz ~ value per attrib resource oz in US$.
g/t ~ Grade in Troy grammes per tonne Au (or AuEq)
Prod ~ 4x last quarter's production - or the estimated start year
$/t ~ calculation of in-ground value for gold + other metal credits per tonne ore
MC/Res ~ market cap as a % of resource value
Margin ~ % operational gold margin on sales

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An still moving higher

 

t24_au_en_usoz_6.gif

 

Despite a little lift in the USD

 

> see: http://Goldstock.co.uk

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