Dr. Rick C. Ernst
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Gold

The new warning sign for gold
www.cnbc.com

The gold trade has become very interesting over the past few months. Both the yen and the euro have recently rallied against the dollar, as the market believes that aggressive accommodation in Europe and Japan has begun to wane. But despite the dollar …

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Avocet Seeks to Remove Entire Gold Hedge in Refinancing Deal
www.bloomberg.com

Avocet, based in London, plans to restructure it finances after cutting gold reserves at the Inata mine in the African nation by half earlier this year. The company will have about 100,000 ounces of gold hedged by the end of the year at $938 an ounce …

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Ignore Government-Issued Stats, Gold Is Still An Inflation Hedge
www.forbes.com

In part three of this series, Elemental Forces On The Price Of Gold, I began my discussion on the forces moving the price of gold. I discussed supply and demand factors, as well as the function of gold as a hedge against outlier economic dislocations …

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Hecla Sees Rising Gold, Silver Output; 2Q Loss Tied To Acquisition Costs …
www.forbes.com

(Kitco News) – Hecla Mining Co. (NYSE: HL) expects the amount of silver and gold it produces to jump in the second half of the year as output at the Lucky Friday silver mine in Idaho returns to normal and as the company continues to ramp up output at a …

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Gold reclaims $1300, copper at 2-month high
www.marketwatch.com

Gold has been under pressure as the U.S. Federal Reserve appears set to soon reduce monetary stimulus, or quantitative easing, with policy makers citing improvement in the economy as reason for the move. Asset purchases by the central bank have been …

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PM Kitco Metals Roundup: Gold Ends Sharply Higher On Short Covering, China …
www.forbes.com

(Kitco News) – Comex gold futures prices rallied sharply in late-morning dealings to end the U.S. day session with solid gains. Both gold and silver saw heavy short-covering following selling pressure seen earlier this week, with some bargain hunting …

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Gold Standard: Early predictions for Emmy Awards
www.latimes.com

Will "Breaking Bad" finally win a series Emmy? Will "Modern Family" ever lose one? Are voters ready to go all in on Kerry Washington and Louis C.K.? We offer some answers and thoughts, but since it's early (very early), these predictions will likely be …

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How many boxers turn their Olympic gold medals into professional titles?
www.theguardian.com

Two-time Chinese Olympic gold medalist Zou Shiming won his second professional fight against Jesus Ortega in Macau last weekend. While Zou could unlock a potentially enormous boxing market in China, one can't help but wonder what will come of his …

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PRECIOUS-Gold prices firm as dollar holds near 7-week low
www.reuters.com

Uncertainty over U.S. policy keeps gold in a range. * Platinum at its most expensive versus gold in 2 years (Updates prices, adds comment). By Jan Harvey. LONDON, Aug 8 (Reuters) – Gold firmed on Thursday as the dollar held near a seven-week low …

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