In 2010 some analysts thought John Embry's forecast of the 2012 gold price, which placed the yellow metal between $1,500 and $2,000 an ounce, was too optimistic. Now it seems that Embry may have undershot the mark.
The price of gold could increase above a range of $2000 per troy ounce even by the end of the year. Some analysts and observers believe fluctuations in gold prices could drive the gold market in coming weeks as traders struggle to find general consensus and global policymakers consider increasingly desperate measures to stabilize wide spread economic concern.
Even as the price of gold has shown considerable upward volatility this year, gold royalties have escaped much of the consideration that has been offered for exposure through gold equities, gold bullion, or gold exchange traded funds.
This week mid-tier gold miner AuRico Gold Inc. announced a $1.46-billion deal to buy Northgate Minerals Corp. eliminating a prior merger offer from Primero Mining Corp.
The price of gold and forecasting any future target price has invariably been the subject of numerous confidential discussions among central bankers; however, if the level of interest in the price of gold is any indication of what is to happen in the future, perhaps it would be a worthwhile observation to follow the trend of the “smart money”.
Looking forward into the next few decades, the relative position of the US is expected to change as the economic power and geographical base shifts towards faster growing emerging economies, particularly in Asia.
Grizzly Discoveries Inc. (CVE:GZD) reports that it has received approval to extend its warrant term.
The recent volatility in the precious metals markets has the gold bulls and bears jostling to make their case for the price of gold going forward.
Lode gold is the most significant source of gold in the world; however, with the price of gold skyrocketing, other deposits have become an attractive exploration target. Placer gold mining, once a hobbyist undertaking, can be a profitable business for both individual prospectors and mining companies.
Mesothermal veins are known for their large size and continuation to depth, and therefore, are a major source of the world’s gold production.
Tuesday, September 20, 2011