Where There’s Gold
Jun 2nd, 2008 | By David Galland | Category: Gold MarketGold may be even more precious than we think. During the last several years, mining companies around the globe have discovered almost no new large-scale gold deposits.
Gold may be even more precious than we think. During the last several years, mining companies around the globe have discovered almost no new large-scale gold deposits.
Commodities are governed by supply and demand - more than any other variable. Just take a look at the precious metals bull market we’ve enjoyed since 2001.
Wonder what’s happening with the gold market lately? So has David Galland, of Casey Research. (publishers of Casey’s International Speculator) Here he offers some insights into the current state of the precious metal… and the companies that mine it.
The resource-rich Canadian markets rallied on the back of high commodity prices during Tuesday trading, with even the more speculative stocks having a rare up day.
Twenty years on and 2,603% up from its start date; Blackrock ML Gold and General Fund has every reason to celebrate. Nor is there any sight of an end to good times for gold and hopefully the fund yet. According to the London fund manager, Graham Birch, the fundamentals are just “too compelling”.