The company produced 724,800 ounces of gold in the first quarter 2015 compared to 679,900 ounces in the same quarter last year.
Tag: Bullion
U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue
– U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter – U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure – Large inventory build up in the U.S. may mask deep recession – Zero percent interest policies (ZIRP) to continue despite suggestions to contrary – Global economy vulnerable […]
The post U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue appeared first on GoldCore Gold Bullion Dealer.
US Gold production drops to 17,400 kg in January
United States mines produced 17,400 kilograms (kg) of gold during January, a drop of 9% compare to a month earlier and slightly down from January 2014.
Europe’s Largest Airline Falls Prey to $5 Million Cyber-Theft
– Europe’s largest airline says $5 million (€4.5m) taken from bank accounts – Ryanair confirms hackers stole via Chinese bank – Cash siphoned from one of its bank accounts – Hackers transfer $5 million from a Ryanair dollar account to Chinese bank – Highlights growing risks of cyber crime and lack of protection – Cyberattacks […]
The post Europe’s Largest Airline Falls Prey to $5 Million Cyber-Theft appeared first on GoldCore Gold Bullion Dealer.
Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks
– Gold rises over 2% while silver surges 4.4% – Speculators caught off guard as prices rose forcing them to cover their short positions – Concerns re defaults by Greece and Ukraine – Geopolitical risk of conflict in Middle East and with Russia remain – Price rises were accompanied by strong physical demand Precious metals […]
The post Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks appeared first on GoldCore Gold Bullion Dealer.
Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland
– Singapore, India and China continue to import staggering volumes of gold from the West – U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes – Gold exports from Switzerland to both China and India doubled in March – Shanghai Gold Exchange (SGE) becoming most important centre for physical […]
The post Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland appeared first on GoldCore Gold Bullion Dealer.
Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound
– UK economy a ’timebomb’ and will explode after election – Albert Edwards – Telegraph warns of “Lehman Moment” stemming from possible election chaos – Currency traders view pound as being particularly vulnerable – Latest data shows UK poised to slip into deflation for the first time since 1960 – Polls place Labour and Tories […]
The post Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound appeared first on GoldCore Gold Bullion Dealer.
Middle East a Powder Keg as Saudi Bombing of Yemen Resumes
– Saudi operation in Yemen enters new phase as U.S. and Iranian Navies gather in the Gulf of Aden – Saudi’s blame Houthi rebels and Iran for Saudi bombardment of Yemen, supported by US – Chinese President Xi calls Saudi King Salman urging speedy resolution to crisis, Chinese media take neutral stance – Russian media […]
The post Middle East a Powder Keg as Saudi Bombing of Yemen Resumes appeared first on GoldCore Gold Bullion Dealer.
China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers
– Enter the Dragon – China Stealthily Accumulated Massive Gold Hoard – IMF Seek Answers On China’s Mysterious Gold Reserves according to Bloomberg – Major demand issue and bullish support for gold rarely covered in mainstream – China may disclose its gold reserves by October in a bid to have the Yuan included in SDR […]
The post China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers appeared first on GoldCore Gold Bullion Dealer.
Currency Wars Back As Russia Buys One Million Ounces of Gold in March
– Russia buys one million ounces and increases gold reserves by another 2.6% in March – Russia sees gold as important monetary and strategic asset in stealth currency wars – Large purchase by Russia who normally buy some 300,000 ounces a month – Russian gold reserves, at nearly 40 million ounces, are now fifth largest […]
The post Currency Wars Back As Russia Buys One Million Ounces of Gold in March appeared first on GoldCore Gold Bullion Dealer.