Vietnam Business News

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• We could be in early days of super bull market for gold stocks – Jay Taylor
• Bullish outlook for silver and gold in 2012
• Was silver drastically overpriced or not able to keep up with gold?
• Gold is still the safe haven in this gloomy month
• Balmoral jumps on Martiniere gold intercepts
• Gold-Platinum ratio falls to the lowest since 1985
• Afghanistan Accepts Gold Mining Applications
• Gold ends 2% lower, Silver 1.3% for the week
• Lonmin’s outlook for platinum price in 2012
• Ecuador sees gold production from Kinross in 2014

We could be in early days of super bull market for gold stocks – Jay Taylor Posted: 11 Dec 2011 01:15 AM PST The Gold Report: In the Nov. 4 edition of Hotline, you note that America’s ratio of debt to gross domestic product (GDP) is north of 350%. Our total debt as a society is somewhere around $57 trillion (T). That’s worse than Greece. Is deflation America’s biggest economic threat? Jay Taylor: I believe it is, however, most [...]

Bullish outlook for silver and gold in 2012 Posted: 11 Dec 2011 12:38 AM PST A bullish outlook for gold next year, but nevertheless anticipates further strength in the U.S. dollar going into the New Year may be the next testfor the yellow metal. Unlike previous periods of risk aversion that occurred in 2009 and 2010, this time U.S. dollar strength is not being accompanied by strong inflows into physically backed gold ETFs, [...]

Was silver drastically overpriced or not able to keep up with gold? Posted: 11 Dec 2011 12:10 AM PST Investors focused on picking the next ailing economy have reinforced Gold as the ultimate refuge if all the financial juggling fails. In this exclusive interview with Chen Lin talks about the effects of risk aversion on the performance of gold stocks. While it has been a tough year for precious metals stocks, there are some very promising [...]

Gold is still the safe haven in this gloomy month Posted: 11 Dec 2011 12:02 AM PST In November, over $3.6 billion dollars have been poured into Gold and gold exchanged funds. That is quadruple the amount that was invested in October and investor still feel that gold is the safe haven right now. The economy is very weak, and you normally see precious metals strengthen as the economy dwindles. Right now [...]

Balmoral jumps on Martiniere gold intercepts Posted: 10 Dec 2011 11:40 PM PST Balmoral Resources (TSX-V: BAR) said it discovered new high-grade gold zones on its Martiniere project in Quebec. The most tantalizing of these was a few hundred metres to the south of the Martiniere East zone. Balmoral cut as much as 9 metres @ 12.93 g/t gold in sheared and brecciated basalts sandwiched between two dykes. [...]

Gold-Platinum ratio falls to the lowest since 1985 Posted: 10 Dec 2011 11:00 PM PST With Gold trading at over 10% premium against platinum, the ratio between these precious metals feel to 0.88 its lowest since 1985.Gold was trading at $1720/oz on whilst Platinum was at $1520 as of Tuesday. Historically, such extremity in ratio has always resulted in a sharp recovery since 1985. As such, gold prices should fall [...]

Afghanistan Accepts Gold Mining Applications Posted: 10 Dec 2011 10:36 PM PST Afghanistan has begun accepting applications to explore and produce gold and copper in four areas, the country’s Ministry of Mines said Tuesday. The process is expected to result in granting mining agreements with associated exploration licenses and the requisite exploitation licenses. The ministry, which did not disclose how long its tender process would be open, [...]

Gold ends 2% lower, Silver 1.3% for the week Posted: 10 Dec 2011 10:00 PM PST Gold and silver manged to close higher again Friday after Europe agrees for new fiscal policies to fight debt crisis. Gold for February delivery closed at $1716.80 an ounce on the comex here while silver added 71 cents and closed at $32.25 an ounce Friday. Analysts said European leaders agreement to accept tougher fiscal standards [...]

Lonmin’s outlook for platinum price in 2012 Posted: 10 Dec 2011 09:15 PM PST Prices will probably be little changed in the next 12 months before rebounding "quite sharply" as early as the end of 2012, Lonmin Plc (LMI) Chief Executive Officer Ian Farmer said in an interview Nov. 14. The London-based company is the world's third-biggest producer. Platinum demand fell 15 percent in 2009, the most in almost three decades, as [...]

Ecuador sees gold production from Kinross in 2014 Posted: 10 Dec 2011 08:40 PM PST Ecuador’s minister of non-renewable natural resources, Wilson Pastor, said Wednesday that the contract to let Canadian gold-mining company Kinross Gold Corp. (KGC, K.T) mine the Fruta del Norte deposit should be signed later in December or early January. Fruta del Norte is located in Zamora Chinchipe Province. Kinross said Monday that it had reached a [...]

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