Micheal George Discusses Outlook for Gold
The Gold Report reported an interview with the US Geological Survey's Micheal George on the outlook for the gold industry.
The Gold Report reported an interview with the US Geological Survey's Micheal George on the outlook for the gold industry.
MarketWatch reported that gold miners are moving towards more environmentally responsible mining practices.
Canada withdrawing from the Kyoto Protocol on the basis of supporting economic importance over environmental interest may be a strong investment opportunity for investors interested in junior gold exploration and development companies.
Chris Ecclestone, Mining Strategist, explained the potential for gold mining companies, “the interesting thing is that Chinese enterprises in the past have roamed the world searching for base metals and products that they can take back to the mother land. In this case a purchase of a gold company in Brazil, it is definitely a mold breaker. It means that potentially all gold stocks within a certain size are fair game.”
Business Insider reported on India's gold industry.
In the wider context of central banks direct gold investment and gold price volatility within the shorter term, a noteworthy observation is the relatively stable investment in gold equity research by the Bank of Nova Scotia earlier this week.
Once the gold reserve at a mine has been exhausted, the owner of the mine must rehabilitate the site. Rehabilitation refers to the process of returning mined land to its preexisting condition or a predetermined post-mining use.
Even as spot market gold prices have traded at historical highs over the past few months, central banks are increasing positions and demonstrating support for the precious metal.
Gold prices inched higher on Friday, heading for their second weekly advance as a stalling greenback and uncertainty in the Eurozone coaxed investors back into the safe haven investment.
In reviewing the results of a recent survey, Global Head of Metals Analytics, Philip Klapwijk indicates, We are seeing central banks now operating very much on the buy side of the market. The selling we had seen from Europe has dried up and that’s left those buyers of choice really the only active players in the market."
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