Gold Seeks Fresh Start For Second Quarter

chart - marketoracle.co.uk

(Kitco News) - The second quarter kicks off next week, but the outlook for gold is expected to remain not much different than what is currently influencing the metal: underlying support from concerns in the eurozone and loose monetary policy, but not enough to push the metal into a new price range.

See Higher Prices Next Week ~ Majority Gold Surveys

Higher prices are expected by a majority of participants in the weekly Kitco News Gold Survey, as the lingering eurozone worries and demand for gold at under $1,600 an ounce is expected to keep the market lifted.

In the Kitco News Gold Survey, out of 34 participants, 27 responded this week. Of those 27 participants, 17 see prices up, while six see prices down, and four see prices moving sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

China Gold Reports Tibet Landslide; 83 Trapped

VANCOUVER, March 30, 2013 /CNW/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") announced that a landslide occurred at Jiama Mine's exploration area, a mine operated by Tibet Huatailong Mining Development Ltd., the wholly-owned subsidiary of China Gold International Resources Corp. Ltd. 

Easter Holidays - No Significant Capital Flows Into Gold

GoldCore offices are closed this Friday and Monday, March 29th and April 1st, for the Irish national holidays of Easter.  

Today’s AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Yesterday’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce.

Gold Survey

Solid Majority Of Survey Participants See Higher Gold Prices Next Week
Friday March 22, 2013 12:08 PM

Gold prices are expected to climb next week, with expectations that the yellow metal may catch a bid as the situation regarding a possible bailout for Cyprus could attract safe-haven buying.

In the Kitco News Gold Survey, out of 33 participants, 28 responded this week. Of those 28 participants, 22 see prices up, while four see prices down, and two are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

INTERVIEW: 'Next Three Years Are Going To Be Exciting' – Silver Wheaton CEO

By Alex Létourneau of Kitco News

Friday March 22, 2013 3:11 PM

(Kitco News) - Fresh off reporting strong fourth-quarter and full-year results, the future looks bright for silver stream company Silver Wheaton Corp. (TSX, NYSE: SLW), according to the company’s president and chief executive officer.

“The next three years are going to be incredibly exciting for our company,” said Randy Smallwood in a telephone interview with Kitco News. “We’ve got so much organic growth that’s going to be coming on stream.”

Just Bought Your First Gold, Then What?

I get many responses from friends and families on what to do with the gold they just bought. Keep it at home? Oh it’s too risky.

 

Ok, imagine this – you’re planning to invest in a long-term, high-return, low-risk market and you chose properties. In property investment, you have options to put your money in securities i.e.  real estate unit trust, amanah saham hartanah, property company stocks etc. or you can buy physical property – house, or a shop lot etc.

THE PUBLIC GOLD RULES OF CONDUCT

The Public Gold Rules of Conduct define the rights, duties, and responsibilities of a Public Gold Dealer. Its objective is,

1. To ensure a level playing field for Dealers through ethical and responsible business conduct.
2. To protect and build a conducive environment for a long-term and profitable Public Gold business.
3. To promote unity and harmony among Dealers.
4. To preserve the benefits of the Public Gold Sales and Marketing Plan equitably for all Dealers.
5. The strength and success of the Public Gold business is a collective effort, founded in the enduring partnership of commitment and trust that exists between and among, the Company and Dealers.

Every dealer must comply with the company’s code of practice to establish a good business reputation. Public Gold has the right to terminate its dealer qualifications for those who offences the rules.

Gold Bars – Wealth Preservation for an Exceptional Value

The sight of a stack of gold bars is quite alluring to say the least. Whether a stack of bricks is seen in a movie or in a real-life picture, the sight of these bullion investments make many salivate at the mere mention of them.

Ranging in size from 1-kilogram all the way down to 1-gram, gold bars serve to protect investors from a host of factors that can negatively impact the value of stocks or cash holdings. Continue reading for other reasons why you should buy and hold gold bars in your investment portfolio.

FAQs ON PUBLIC GOLD

1. What is Public Gold?

Public Gold allows individual customers to invest in physical gold in a convenient, more secure and cheaper way. Customers can purchase gold in 999.9 fineness at all Public Gold Branches at daily quoted gold prices for 20g, 50g, 100g and 500g in Malaysian Ringgit.

2. Why would you want to invest in Public Gold?

Public Gold is one of the best ways for a customer to build up a personal gold portfolio by purchasing small amounts of gold on regular basis over a period of time. This "cost averaging" will ensure that the total gold investment will be acquired at the average gold price.

Banro Gold Ops Update As John Clarke Takes On Interim CEO Position

A CEO change at DRC gold miner Banro knocked the share price, but an experienced interim replacement has quickly been appointed and has issued a calming statement on the company’s ongoing operations.

 

Author: Lawrence Williams

LONDON -

News that DRC gold miner and developer Banro’s CEO, Simon Village, was stepping down, caused the company’s stock price to dip just over 20% on Wednesday/Thursday before recovering about half of its losses yesterday following the appointment of John Clarke as interim President and CEO.  Unusually the company gave no reason at all for Village’s departure, which was with immediate effect.

Gold Miners Need To Restore Trust, Provide Clarity - Baker

For David Baker, managing partner at Baker Steel, the gold market is at a watershed and miners need to change soon if they are to stay afloat. An interview with the Gold Report.

 

Author: Brian Sylvester

PETALUMA, CA (THE GOLD REPORT) -

The Gold Report: The major gold producers have ceded market share to gold exchange-traded funds and royalty companies and are vastly underperforming those investment vehicles. If you were running a major gold producer, how would you go about restoring the appeal of your company's shares?

African Barrick To Produce 600,000 Oz Of Gold This Year

The FTSE 250 company reported net profits of $48.2m for 2012, down from $284.7m the year before.

Tanzania's largest gold miner African Barrick Gold PLC said it is aiming to produce between 540,000 and 600,000 troy ounces of gold in 2013 at a total cash cost, including royalties, of between $925 and $975 an ounce.

2013 Mongolia Releases Endangered Wildlife Series Coins

National Bank started to mint the series in 2007 with the Gulo Gulo (Wolverine), which features Swarovski crystals (a luxury brand of Austrian crystals) for eyes and quickly rose in price.

National Bank of Mongolia announced the release of 2013 design, Ovis Ammon, of the popular Mongolian Endangered Wildlife Series coins.

China And India Gold ETF's

China One More Step Closer To Gold ETF Launch

China will open up to the global gold market, increasing its impact and attracting more foreign banks to get involved in China's domestic market,they said.

Opening further it's huge domestic gold market to global community, China announced provisional rules and regulations for the operation of gold ETF's.

China Securities Regulatory Commission, or CSRC however didn't set any specific timetable for the listing of gold ETFs.

Sudan Gold Production At 150 Tons

Sudan Sees Gold Production At 150 Tons By 2016

Sudan is looking for gold to make up for the budget deficit it incurred as a result of losing three quarters of its oil production due to the secession of South Sudan in July 2011.

Sudan said it expects gold production to hit 150 tons by 2016 after the discovery of 260 tons of gold reserve in Nahral-Neel state.

Two Rival Groups Intense Fight For Sudan Gold Mines

Thousands of gold miners have been working in Jebel Amir since last year, and the opposing Arab militias have been eager to seize control of the area so they can levy taxes on the miners.

Two rival groups, the Beni Hussein and the Northern Rezigat have intensified their fight to control Sudan's gold rich Darfur region.

"Too Early To Proclaim Gold Bull Market Over" Despite Biggest Ever Etf Monthly Outflow

Silver meantime fell to just above $28 an ounce this morning, while stocks and commodities also ticked lower as the US Dollar gained.

Spot market gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.

Gold Price Suffers Longest Run Of Monthly Falls In 16 Years

The commodity, much loved by investors over the past decade, appears to have gone into freefall.

Gold price falls for the fifth month in a row, the longest run of monthly falls since 1996 

The price of gold fell for the fifth month in a row in February, meaning that the precious metal has completed the longest run of monthly declines since 1996.

Spot gold fell to $1,579 per ounce yesterday, having plunged through the $1,600 an ounce last week – the first time it had breached this level since August.

Gold Price On The Rise: How To Invest In Bullion

The price of gold was on the rise today after Germany’s decision to repatriate its bullion. We explain how you can profit.

Demand for gold bullion has risen during the financial turmoil of recent years Photo: Alamy

Gold enthusiasts were today bouyed today by the decision of Germany’s central bank to pull its gold reserves out of Paris and New York.

It follows warnings from the country’s Court of Auditors that bullion held abroad had "never been verified physically" and was not under proper control.

The Bundesbank is to recall its reserves as leverage against future currency fluctuations, resulting in pulling a chunk of its holdings from New York and all its bullion from Paris.

A Brief History of Gold

Who discovered gold

A child finds a shiny rock in a creek, thousands of years ago, and the human race is introduced to gold for the first time.

Gold was first discovered as shining, yellow nuggets. "Gold is where you find it," so the saying goes, and gold was first discovered in its natural state, in streams all over the world. No doubt it was the first metal known to early hominids.

Gold became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.