The long-life Edikan gold mine has sparked interest in Perseus as the company solves crusher problems and embarks on ramp up.
Wall Street is back in buy-the-dip mode, re-establishing the trend prevailing before the China GDP sell-off. Dow up 19. (Accessible only for subscribers before 10:15 AEST)
Commodities consolidated and some buying emerged, but weak data and mixed earnings results are maintaining the pressure on Wall Street. Dow down 81. (Accessible only for subscribers before 10:15 AEST)
If we have entered a new regime for the gold price then gold miners’ costs are very much in focus, and not all miners will be cashflow positive.
Jonathan Barratt of Barratt’s Bulletin will not call a bottom for gold just yet but makes the argument as to why a bottom may have been found.
It appears global markets may have woken up to the realisation the risk trade has run just too far ahead of global economic reality. Dow down 138. (Accessible only for subscribers before 10:15 AEST)
There’s more pain coming for gold and gold stocks so brokers believe now is the time to be cautious in portfolio choices.
The assumption that Boston was one small incident, along with some better US data and strong profit reports helped Wall Street rebound from Monday’s losses. Dow up 157. (Accessible only for subscribers before 10:15 AEST)
An assumed terrorist attack at the Boston Marathon occurred late in a session, which was already very weak on Wall Street due to China. Gold has collapsed. Dow down 265. (Accessible only for subscribers before 10:15 AEST)
This week ATW’s Jerry Simmons examines gold’s technical breakdown and discusses its outlook.