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Politics : Gold and Silver Stocks and Related Commentary
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To: goldsheet who wrote (1350)1/25/2014 1:45:47 PM
From: goldsheet  Read Replies (1) of 18308
 
I am on record for gold production to hit a record 3000mt (not down to 1800mt)
I had to wait 9 years, but close enough. (predicted by 2010)

"Contrary to many reports and arguments put forward by gold commentators, the latest analysis by Thomson Reuters GFMS shows global new mined gold output as rising in 2013 – to 2,982 tonnes – an increase of around 4% on the 2012 figure. As the GFMS report suggests this tends to show the gold mining sector’s short term inelasticity to the sharp fall in the gold price."


REF: http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=226592&sn=Detail



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