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Archive for August, 2007

Gold: three zeros and a figure in front?

Pierre Lassonde, vice-chair at Newmont Mining, the world’s second largest gold producer, told the Australian Diggers & Dealers Forum that he sees the gold price moving towards “three zeros...

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Posted by Bill Haynes on August 7th, 2007

Category: Gold

The piper is being paid

For over a decade, gold bulls lambasted the gold mining companies that were hedging their production. But, while gold prices were falling, the mining companies ignored the complaints. Barrick Gold Corp...

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Posted by Bill Haynes on August 3rd, 2007

Category: Gold

Rumblings of more central bank gold sales

In June, the Swiss announced they would be selling 250 tons of gold over the next two years. A few weeks earlier, the European Central Bank disclosed that it had sold gold. (See the June 14 and June...

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Posted by Bill Haynes on August 1st, 2007

Category: Gold