tag:blogger.com,1999:blog-106557742007-03-12T02:21:54.271-07:00goldpriceBlogger15125tag:blogger.com,1999:blog-10655774.post-76771072508506579372007-03-12T01:51:00.000-07:002007-03-12T02:21:51.850-07:00

The Australian gold production has fallen to its lowest levels in 13 years an industry survey by Melbourne Australia based consultants Surbiton Associates. The report by Surbiton Associates shows that Australia's gold production fell 5 percent to 249 metric tons in 2006 from 263 tons in 2005. This is the lowest Australian gold production since 1993. However, the value of Australian gold

goldpricetag:blogger.com,1999:blog-10655774.post-1139963162703460172006-02-14T16:07:00.000-08:002006-02-14T16:26:02.723-08:00

Analyzing the Australian Dollar - Up, Down, and Under by Gary Dorsch From the outside world, trading in the arcane foreign exchange markets might appear to be quite glamorous. However, attempting to make a living in the sleepless FX market can often become injurious to one's mental health or pocketbook, where schizophrenia often seems to be the rule of the day. Yet for all the daily

goldpricetag:blogger.com,1999:blog-10655774.post-1115275884083246222005-05-04T23:07:00.000-07:002005-05-04T23:51:24.116-07:00

Fatprophets.com.au has predicted the price of gold will double in the next few years. Fat Prophets says "dwindling global gold reserves, combined with increasing demand from India and Japan, will see gold prises rise to $US850 an ounce ." Fat Prophets director Angus Geddes says "more investors are looking into gold funds and gold mining companies as a way of making money." "The bull market as

goldpricetag:blogger.com,1999:blog-10655774.post-1113221870956381302005-04-11T05:11:00.000-07:002005-04-11T05:32:44.290-07:00

AngloGold Chief Executive Bobby Godsell told the Australian Gold Forum meeting in Perth that he expected gold to soon trade as high as $500 or more per ounce because of a weak U.S. dollar. AngloGold Ashanti Ltd. is the second largest gold miner in the world. Newmount Mining Corp is the largest gold miner in the world. AngloGold which is majority owned by Anglo American, mined 6.05 million

goldpricetag:blogger.com,1999:blog-10655774.post-1113209909271475642005-04-11T01:42:00.000-07:002005-04-11T04:13:43.916-07:00

The Australian Gold Council has begun celebrating Australian Gold Week to highlight different aspects of the gold industry including gold investment, gold jewellery, gold exploration and gold mining. Throughout the week the Australian Gold Council will host events across Australia to celebrate gold, including an industry dinner at the Perth Mint. Gold is one of Australia's most lucrative

goldpricetag:blogger.com,1999:blog-10655774.post-1112854289904719412005-04-06T23:05:00.000-07:002005-04-06T23:11:29.906-07:00

Australian gold mines are likely to benefit from an expected slowdown in the world economy and fall in commodity prices, Westpac Banking Corp general manager economics Bill Evans said at an Australian gold conference today "For me that should be a big positive because if I'm right and the next big move in the global economy is down then maybe the gold industry won't suffer to the degree that the

goldpricetag:blogger.com,1999:blog-10655774.post-1110323410201965632005-03-08T13:20:00.000-08:002005-03-08T15:10:10.203-08:00

Here is a great interview with a friend of the man that found the larger of the 2 gold nuggets. You will need real audio to listen to it. His friend says it was ONLY 2kg! in this interview. It is probably in his best interest to understate the size of the nugget. Perhaps that is why no photo of his nugget is available. The locals generally don't report any gold nugget finds. The metal detector

goldpricetag:blogger.com,1999:blog-10655774.post-1110274066457619762005-03-08T01:19:00.000-08:002005-03-08T01:45:41.136-08:00

On the same day two Victorian men have found very large gold nuggets, a 1.5kg gold nugget was found at Dunolly and a 2.5kg gold nugget was found near Maryborough. The 1.5kg nugget was found 1m bellow the surface. The owner said "I might put it on eBay, if I get the right price I'll probably sell it for between $80,000 and $100,000". That is about 300% to 380% above the current gold price as

goldpricetag:blogger.com,1999:blog-10655774.post-1110151344164220342005-03-06T15:11:00.000-08:002005-03-06T16:08:37.573-08:00

Australian gold mining output is at its lowest level for a decade. Gold mining production was 50 tonnes lower than the peak ouput year which was 1997. Australian gold minning production last year was 261 tonnes, this is the lowest output since 1995. Australia's gold ouput decline is inline with a looming global gold shortage. The availability of gold fell by 13.3 per cent last year, the biggest

goldpricetag:blogger.com,1999:blog-10655774.post-1109714075064492842005-03-01T13:39:00.000-08:002005-03-01T13:56:48.070-08:00

The deficit is ``a perennial issue that can't be solved overnight,'' said Brendan Flynn, associate director of sovereign and public finance ratings at Standard & Poor's Corp. ``If investor sentiment turns against Australia, it will make it hard for companies to find funds. It would also lead to currency weakness", he said. Flynn said the level of Australia's net foreign debt is ``a risk'' to the

goldpricetag:blogger.com,1999:blog-10655774.post-1109596565284567892005-02-28T05:06:00.000-08:002005-02-28T05:16:05.286-08:00

Australia posted its second-highest trade deficit on record in January. The deficit on the balance of goods and services trade jumped from $2.414 billion in December to $2.721 billion in January, the 39th consecutive trade shortfall.

goldpricetag:blogger.com,1999:blog-10655774.post-1109460449119216702005-02-26T15:15:00.000-08:002005-02-26T15:42:35.870-08:00

PETER Costello's closest adviser fears the US is heading for a devastating financial crash that could ravage Australia's economic growth. Ken Henry said the US current account and budget deficits were creating imbalances in savings and investment that could lead to a sharp fall in the US dollar and a bond market sell-off. Ken Henry suggested a flood of money pouring into the US to support its

goldpricetag:blogger.com,1999:blog-10655774.post-1108950559196746152005-02-20T17:46:00.000-08:002005-02-20T17:49:19.196-08:00

The Australian dollar rose to its highest in more than two months on heightened speculation the central bank will lift interest rates next month, increasing the premium overseas investors can earn from holding local government bonds over those of the U.S. Read more here. Source: Bloomberg World Wide By Chris Young.

goldpricetag:blogger.com,1999:blog-10655774.post-1107825502438647172005-02-07T17:15:00.000-08:002005-02-07T17:18:22.436-08:00

PERTH (Dow Jones)--The Australian Gold Council on Monday defended gold's long-term investment prospects, despite a recent slide caused partly by speculation about International Monetary Fund bullion sales. Tamara Gorrie, chief executive of the council, said the rumored IMF sale will likely keep gold prices under downwards pressure in the near term. "It will have some short-term impact, but

goldpricetag:blogger.com,1999:blog-10655774.post-1107681016588754472005-02-06T01:25:00.000-08:002005-02-06T01:10:16.586-08:00

Feb. 4 (Bloomberg) -- The Australian dollar headed for its first weekly loss in three in Asia as retail sales unexpectedly dropped for a third month, tempering speculation the Reserve Bank of Australia will raise interest rates later this year. Read more here. Source: Bloomberg.com By Chris Young

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