History
At the beginning of last year, the price of gold was at 1,300$/ounce share
In September reached its maximum level of 1923$/ounce share.
At the beginning of 2012 at 1566$/ounce share.
Lowest rate this year was in the middle of January at the price of 1525$/ounce.
In September reached its maximum level of 1923$/ounce share.
At the beginning of 2012 at 1566$/ounce share.
Lowest rate this year was in the middle of January at the price of 1525$/ounce.
Current
Maximum till this moment this year was 1790 $/ounce on 29 February.
A price too high for that time of year. Before Ben Bernanke's speech,Barclays Bank analysts have provided us a sale on this convenience at the price of 1784 $/ounce
Maximum till this moment this year was 1790 $/ounce on 29 February.
A price too high for that time of year. Before Ben Bernanke's speech,Barclays Bank analysts have provided us a sale on this convenience at the price of 1784 $/ounce
Today
1.I have received the 2nd signal which today has touched the last profit target at 1655$/ounce share.A total difference of 135 $/ounce ...
2.In this year worldwide demand for gold rose to record levels, 1 tons at 4.076 ,higher-level after 1997.
3.Central Banks around the world have been major buyers of gold, with acquisitions worth 439.7 tonnes for 2012, comparative to 77 tonnes in 2011.
4.Product demand at spot market rose above 1 million contracts for the first time in the last five months.
5.Deutsche Bank and RST Bank have signed future contracts with maturity date at the end of august month,for the price of 2000$/ounce.
6.PricewaterhouseCoopers in January last year were advocated as the price of gold at the end of 2011 will be at $ 1,600/ounce (had a margin of 34 $), At the beginning of January month 2012,they were advocated as gold in the next 6 months will reach $ 2000/ounce share.
Having a precedent last year, the largest bank in Europe on the purchase of gold, a price target of 2000$/ounce and a very large demand,with a purchase price of $ 1645/uncie.
All you need to do, is to be operational on the market with a good amount of investment and enjoy the profit you can make.
2012 Gold Price Report, Duking it out with ETFs
Survey of senior and junior gold mining companies
2012 Gold Price Report
Annually, PwC surveys gold mining companies from around the world. This year, we contacted executives from a cross-section of senior and junior gold mining companies representing 26.5 million ounces of gold mined in 2011 and 37.8 million ounces to be mined in 2012.
Throughout 2011, we have been discussing how "the game has changed" in the mining industry. Volatility in the equity markets, high production costs, the labour crunch and increased government involvement for example, have changed the game for the global mining industry.
This theme reigns true for gold mining companies. Gold experienced an incredible year in 2011, and according to the mining executives we surveyed, they expect the price of gold to continue to rise well into 2012.
Eighty per cent of the mining companies surveyed expect the price of gold to continue to increase in 2012. With the majority of respondents expecting gold to peak at US$2,000 in 2012. Sixty-two per cent of respondents reported the price of gold was positively impacting their stock price, yet the impact was less than expected with gold companies' share price growth failing to match the rise in the gold price.
3.Central Banks around the world have been major buyers of gold, with acquisitions worth 439.7 tonnes for 2012, comparative to 77 tonnes in 2011.
4.Product demand at spot market rose above 1 million contracts for the first time in the last five months.
5.Deutsche Bank and RST Bank have signed future contracts with maturity date at the end of august month,for the price of 2000$/ounce.
6.PricewaterhouseCoopers in January last year were advocated as the price of gold at the end of 2011 will be at $ 1,600/ounce (had a margin of 34 $), At the beginning of January month 2012,they were advocated as gold in the next 6 months will reach $ 2000/ounce share.
What's next ?
Having a precedent last year, the largest bank in Europe on the purchase of gold, a price target of 2000$/ounce and a very large demand,with a purchase price of $ 1645/uncie.
All you need to do, is to be operational on the market with a good amount of investment and enjoy the profit you can make.
Survey of senior and junior gold mining companies
2012 Gold Price Report
Annually, PwC surveys gold mining companies from around the world. This year, we contacted executives from a cross-section of senior and junior gold mining companies representing 26.5 million ounces of gold mined in 2011 and 37.8 million ounces to be mined in 2012.
Throughout 2011, we have been discussing how "the game has changed" in the mining industry. Volatility in the equity markets, high production costs, the labour crunch and increased government involvement for example, have changed the game for the global mining industry.
This theme reigns true for gold mining companies. Gold experienced an incredible year in 2011, and according to the mining executives we surveyed, they expect the price of gold to continue to rise well into 2012.
Eighty per cent of the mining companies surveyed expect the price of gold to continue to increase in 2012. With the majority of respondents expecting gold to peak at US$2,000 in 2012. Sixty-two per cent of respondents reported the price of gold was positively impacting their stock price, yet the impact was less than expected with gold companies' share price growth failing to match the rise in the gold price.
In its latest Gold Price Report, PwC said that 80 per cent of mining companies expect higher gold prices in 2012, with only 6 per cent anticipating a decline. Predictions from executives surveyed hovered at the $2,000/oz mark, with the highest prediction at $2,500/oz and the lowest at $1,350/oz.Gold, which topped $1,900/oz last year, traded at $1,640/oz on Monday.
The PwC report also found that the mining companies were struggling to reap the full benefits of a high gold price. More than half of the respondents said the price of gold was positively impacting on their stock price, but that the impact was less than what they had expected.
Up until December 15, gold had risen 11 per cent but gold stocks with the S&P/TSX Global Gold Index had declined 10.6 per cent. PwC global mining leader Tim Goldsmith explained that one main driver behind the disparity between the price of gold and gold stocks was that investors were able to invest directly in gold mining companies, or get exposure to the sector, through exchanged traded funds.
The disparity is having an impact on how executives planned to spend their increased cash flow, Goldsmith added. He said 27 per cent made payments to dividends in 2011, which is an increase from only 9 per cent in 2010.
More companies were also expected to spend their cash on acquisitions in 2012. PwC stated that acquisitions remained on the minds of gold mining executives with 29 per cent of those surveyed expecting to spend their cash on acquisitions in 2012 - up from 19 per cent in 2011. About 40 per cent of companies were planning to replace reserves through acquisitions.
"With the volatility we are seeing in the market, and the recent downturn in the gold price, rich companies with lots of cash and an appetite for acquisition, are in the driver's seat. They are ready and able to swoop on smaller explorers who are more vulnerable to market fluctuations and have difficulty raising capital," said Goldsmith.
“This is a trend we are seeing not only in developed economies, but emerging markets have also shown interest in boosting their gold holdings. We believe countries are now entering into a long-term period of gold accumulation. Given the relatively low amounts of gold available for purchase, countries with substantial foreign currency reserves that wish to diversify away from US dollars must do this over a long period.”Goldsmith added.
