Tag: offshore gold
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Gold Report and Bank News
GOLD SETTLES AT $1683.00 FOR THE WEEK Gold rallied today as global traders and investors reacted to more credit rating cuts, this along with higher crude oil prices sent speculators into the precious metals as an alternative “safe haven” investment choice. It also appears that physical buying has increased from India and China which has…
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CPM: Gold landscape radically altered
By Dorothy Kosich – RENO–(Mineweb.com) The “2005 Gold Survey” unveiled Tuesday by the New York-based CPM Group has concluded that several significant developments “have come together over the past year and a half to radically alter the gold landscape.” CPM found that gold mine production and average cash costs will continue to increase, the price…
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Look for silver lining in gold ETF success
Perhaps, no one watched the events of the past week more closely than the “silver barons.” As streetTRACKS Gold Trust reaped $1.3 billion in its first three days of trading, and set a volume record for derivatives on its opening day, one can bet the minds of these pure silver company CEOs were chomping at…