GFMS Group’s well-respected annual Gold Survey report is out for 2010, but what’s got most in the precious metal markets talking is the comments made by Philip Klapwijk, chairman of precious metals research at GFMS, during an interview with Reuters: “There are pointers to the fact that we are entering the final stages of a bull market.”
By Kishori Krishnan Exclusive To Gold Investing News All the signals are promising for gold stocks to rise. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion [...]
By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
Mineweb(Editorial) reports Chief Executive and leading gold expert of GFMS, Paul Walker says: the gold price could run for another twelve to eighteen months and exceed $1,000/ounce again, but he believes there is a growing downside risk in a 24-month timeframe. For complete editorial, click this link. Follow developments in gold mining and exploration for [...]
Mining Weekly (EDITORIAL) reports gold sector sees strong evidence of producer de-hedging in the second quarter said GFMS, a London-based firm. However, the quarter had held relatively few surprises, as much of the activity had been flagged to the market in the first quarter, particularly AngloGold Ashanti reducing its hedge book by some 2,71-million ounces. GFMS says: [...]
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