Fk that JP Morgan guy who is working for Short hedge ...most billionaire lost their short position with major retails ......Now GOLDMAN SACS hold larger stakes in Barrick Gold shares.
The global economy's problems seem to be multiplying. 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession.
China is slowing as well, and Europe can't seem to take off.United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their trading partners are in.
Better you cover now otherwise $20 is too much for you ...GOLD is ALL TIME HIGH NOW...
Dealers said appetite for physical gold among Asian buyers surged after prices fell to a low of $1,175 an ounce.
"We have certainly seen physical demand pick up on dips over the last couple of weeks after gold's aggressive sell-off," said David Meger, director of metals trading at brokerage Vision Financial Markets in Chicago.
NEW YORK/LONDON, Nov 20 (Reuters) - Gold rose on Thursday on data showing rising U.S. inflation, and after the previous day's 1-percent drop triggered renewed physical interest by price-sensitive Asian buyers.
Bullion investors focused on U.S. Labor Department data which showed underlying inflation pressures rose in October, even though that also bolstered expectations of a mid-2015 interest rate hike from the Federal Reserve.
Q3 results were indicative that ABX is not just oversold but highly under valued stock when Gold is touching $1200 first time in 1 year.
Accordingly, the Committee decided to conclude its asset purchase program this month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Print More Money and Buy Gold silently like all other Central Banks in the World. But Don't disclose to the Public otherwise $$$ will collapse.
Print more money and Buy Gold - Only option left as FOMC meeting read between the lines.
Wednesday's minutes from the latest US Federal Reserve meeting "left no-one in any doubt," reckons one bullion-market analyst, "about their will to continue normalizing monetary policy."
GOLD is hold under $1200 but moment it crossed ....ABX $22 SHARES
Boockvar joins Barron’s Michael Kahn, who wrote on Wednesday that the charts portend a chance for gold to run back up to around $1,250 an ounce, or about 5%, in the short term.
GOLD is ready to POP $1200 as Paper ETF near to finish its limit after Massive Physical Gold buying by CHINA, RUSSIA, INDIA and JAPAN, SWISS, UKRAIN, GERMANY, FRANCE, ITALY awaits CENTRAL BANKS DECISIONS to hold GOLD as secured reserve against major fall in currencies which is already 22% lower at this point in time.
Osisko Gold Royalties comes out strong-
One wild card for Osisko that doesn’t fall under the royalty umbrella is its substantial holding in the prolific Guerrero gold belt in southern Mexico.
Former Osisko Mining CEO and current Osisko Gold Royalties CEO Sean Roosen says the company spent mid-2014 getting the “new corporation operating at full speed,” but now it’s looking towards “competitive opportunities” to enhance its royalty and metal-streaming portfolio. The company has a 5% net smelter return royalty (NSR) at Canadian Malartic, as well as US$157 million in cash and a $100-million revolving credit facility with the National Bank of Canada. The facility may be increased by $50 million at Osisko’s request. -
Q3 - RESULT SUFFER DUE TO CHELIAN TAX.....
Q3 Revenue improved to $501.2 million from $456.7 million.
The latest quarter included a $329.5-million non-tax charge related to Chilean tax changes and a $668.3 million impairment charge related to its C1 Santa Luz, Ernesto/Pau-a-Pique and Pilar projects.
Osisko Gold Royalties comes out strong
Yamana Gold’s (TSX: YRI; NYSE: AUY) $3.9-billion acquisition of Osisko Mining and its Canadian Malartic gold mine in Quebec, and the fledgling junior is already boasting a strong balance sheet and positive cash flow from royalty interests. Former Osisko Mining CEO and current Osisko Gold Royalties CEO Sean Roosen says the company spent mid-2014 getting the “new corporation operating at full speed,” but now it’s looking towards “competitive opportunities” to enhance its royalty and metal-streaming portfolio