Commodity gold investments have provided very attractive returns over the past few quarters. Speculation and the slowdown in the global economy developed markets are key drivers of commodity gold prices in recent years. Historically, commodity gold prices saw an inverse relationship with the appreciation of the U.S. dollar on international markets.
Investors, especially large institutional investors have their allocations to commodity gold due to the weak U.S. dollar. Further weakness is expected in the U.S. dollar in the short term due to various actions by the Federal Reserve is expected to further boost the U.S. economy. Any further weakness in U.S. dollar could push commodity gold prices to the next level.
Those looking to invest in commodity gold can buy commodity gold bars or coins, or can buy units of commodity gold exchange-traded funds (ETFs). Commodity gold ETFs are very similar to mutual funds to an underlying commodity gold value. Analysts believe that commodity gold prices may go through a correction after Diwali due to the absence of the festival in connection with the question and that would be the right time to accumulate positions in commodity gold and commodity gold instruments associated with a medium to long term perspective .
TWO West African focused commodity gold hopefuls will today unveil plans to finance projects both believe could be advance business creators.
PMI Commodity gold, already listed on the Toronto Stock Exchange Venture will announce plans to co-list on the Australian Securities Exchange and raise up to $ 27,500,000 for its Obotan and Kubi commodity gold project in advance prior to a final investment decision in 2012.
PMI Commodity gold is focused on the initial production to 150,000 ounces per year of the two assets from 2013 with a mine life of approximately eight years.
The Obotan project, previously owned by Resolute and closed in 2002, when commodity gold fell to $ US350 an ounce, has indicated a resource of 3.064 million tonnes at 1.59 g / t for 156,000 ounces. Kubi is considered an important asset, but thedrilling tests.
The capital raising is managed by Hartley, will spend more than 39 million shares at 70 ? each.
Macquarie Bank is one of the major shareholders of the company.
PMI Commodity gold is also expected that former WMC Resources sturdy Peter Buck to announce as its new chairman.
Meanwhile, Noble Mineral Resources, the Bibiani commodity gold project, also in Ghana, announced today that at least 17 million U.S. dollars increased by 40 ? a share placement. Further negotiations could push it as high as $ 30 million.
Noble is at the beginning of a program in which five drilling rigs will operate simultaneously.
The source is now 1.98 million ounces, including 605,000 ounces of reserves.
Work is expected to focus on the western wall of the open pit, where recent drilling has shown significant mineralization within 300 meters of the surface.
Noble directed the Commission in June next year a plant producing 150,000 ounces per year.
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