Barrick Gold Corp. (ABX) and Goldcorp Inc. (G), the world’s largest producers of the metal, are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said. Gold producers are heading for an “inflection point” triggering a rally, Barrick Chief Executive Officer Aaron Regent said in an interview. They have [...]
Gold ETF investment flourished last year as inflow into gold ETF’s on the fourth quarter alone last year hit 86.8 tons. According to WGC, this is a tremendous increase in inflows considering the just 22.3 tons in the same period in 2010 The annual comparison is much weaker as inflows of 154.0t for 2011 are [...]
Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal. Paulson & Co cut its holding in the SPDR Gold Trust to 17.3 [...]
Feb 15 2012 | Posted in
Gold ETFs |
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The world’s first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product. The Hang Seng RMB Gold ETF, launched by Hang Seng Bank Ltd, is intended to track the performance of the London [...]
Feb 14 2012 | Posted in
Gold ETFs |
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Gold stocks were one of the most disappointing sectors for 2011 with production numbers falling short of guidance and mine openings delayed by weather and other factors. Throughout the cacophony of bad news there are three gold stocks which are primed to do well in 2012. 1. Yamana Gold (AUY) – Yamana provided 2011 operating [...]
Feb 1 2012 | Posted in
Gold stocks |
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