Goldcorp CEO says cost of gold production rising
Goldcorp (GG, quote) CEO Chuck Jeannes did a great job on Fast Money last night talking to us about production costs and some of the transition in the industry.
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Goldcorp (GG, quote) CEO Chuck Jeannes did a great job on Fast Money last night talking to us about production costs and some of the transition in the industry.
A decades-long look at the gold versus platinum spread has the reversion to mean telling us it’s going lower.
Did you know that Turkish banks as a group will show net profit this quarter of 39%+ year over year — an all-time high.
China, the Fed, the Bank of Japan and the European Central Bank all gave reasons to ask Santa for gold this Christmas, and possibly gold miners for the brave souls who have been good this year.
Gold is supposedly back and as appealing as ever. Of course it never went anywhere, but the constant barrage of gold bears has often dampened the outlook for what is likely to be a continuation of the global rally in gold that is now 12 years old.
Gold reacted positively to Germany’s high court ruling that paves the way for the European Central Bank to move forward on its bond buying program.
Recent developments in the United States, Europe and Japan point to monetary easing on a global basis being around for quite some time. Gold Fields (GFI, quote) offers shareholders protection against the adverse effects of central bankers debasing fiat currencies along with a strong dividend yield.
Gold prices are basically flat in the first morning of trading this week. On Friday gold bugs cheered as price moved to a level not seen since February after the disappointing U.S. non-Farm Payroll results.