Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story

 Disclaimer 

Latest Headlines


Gold Seeker Weekly Wrap-Up: Gold and Silver End Higher on the Week
By: Chris Mullen, Gold-Seeker.com

Ira Epstein & Company Weekly Metal Report
By: Ira Epstein

The Worldwide Consumer Shellacking
By: Bill Bonner & The Daily Reckoning Crew

South African Gold Shares – a good place to invest or not?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

Gold Retreats Following ECB Rate Hike
By: Peter A. Grant, USAGOLD

Soft Commodities: Meats
By: Scott Wright, Zeal Intelligence LLC

Scorched Earth Economy
By: David Galland, Managing Director, Casey Research, LLC

Profit From Fed-Catalyzed Crises
By: Deepcaster

Gold Retouches Week's Highs as Dollar Loses to Oil, Euros, Soybeans & Copper; Dow Hits Technical Bear Market
By: Adrian Ash, BullionVault

International Forecaster July 2008 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster


Search

GoldSeek Web



 
Blanchard Economic Research Note



-- Posted Thursday, 7 June 2007 | Digg This ArticleDigg It!

South African gold production fell another 8.2% year-over-year for the month of April.  This follows a nearly 8% drop for first quarter production.  After the lowest annual production totals in nearly 80 years in 2006, SA production has continued to slip.  Should this 8% drop hold for the remaining eight reporting months of the year, South African production will be down another 24 tonnes from 80 year lows.  These continuing slack production figures are important to keep an eye on, but with each release of new data, they don't seem to be affecting the market at all.  This makes sense when investors understand that the gap in this lacking production has been bridged by increased bank sales in a short time period.  The bank sales are slowing, the mine production is still falling.  There will be a point in the near future when the gap becomes too wide to bridge and prices will react accordingly.

The US dollar is staging a minor rally this morning, causing precious metals to get stuck in the mud.  After watching the strange up and down trading patterns during the London open yesterday, we're content sitting back and waiting to see what happens at that close.  There just isn't much news to trade on today and some of Europe is off for a holiday…then again, it's days like this that have some unexplained moves up and down that will re-energize the market for no apparent reason.

*************************************************************

Blanchard and Company, Inc. is the largest and most respected retailer of American rare coins and precious metals in the United States, serving more than 450,000 people with expert consultation and assistance in the acquisition of American numismatic rarities and gold, silver and platinum bullion. The Blanchard Economic Research Unit is a key source of precious metals market analysis and continues to be an important resource for financial and consumer media throughout the United States. Blanchard and its predecessor companies have called the New Orleans area home for more than 30 years. For more information about the company, visit www.BlanchardGold.com or call the company toll free at 1-800-880-4653.


-- Posted Thursday, 7 June 2007 | Digg This Article




 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 



© 1995 - 2008


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com