2014


Gold mining industry mostly ‘under water’ – Gold Fields CEO

Kevin Crowley (Bloomberg) – Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg today, citing analysts’ research. Gold…

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CENTRAL BANK INSANITY: The More Yen Japan Prints, The Lower Price Of Gold…Until???

(by Chris Hamilton) Yen weakness is relative dollar strength is gold weakness…or said otherwise in the land of the blind, the one eyed man is king. If the correlation hasn’t become obvious by now…the carry trade around the Yen and the BOJ’s plan to depreciate or bust seems to have rather outsized impacts across the…

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