Tag: mining

The Overall Top 5 Gold Mining Countries Worldwide

Gold has always been an important aspect of a country’s economy and has been sought out by many all over the world. Many countries have strived to maximize their production however gold production varies widely among different nations. Here we have compiled a list of the top 5 gold mining countries to show to you which nations have held the lead in Gold mining in the world. China – 440 MT China was the largest producer of gold in the world, mining 440 MT in 2017. China is also the number one consumer of gold, befitting a country whose development has pulled hundreds of millions of people out of poverty. […]

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The Overall Top 5 Gold Mining Companies

The Overall Top 5 Gold Mining Companies

There are different methods by which gold mining companies are ranked. One is by their annual production, by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each […]

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Chris Powell: Governments Are LYING about Their Gold Activities while Mining Companies Cower

Chris Powell: Governments Are LYING about Their Gold Activities while Mining Companies Cower

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long-time journalist and a hard money advocate and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA’s work over the years some important revelations have come to light, which quite honestly should concern everyone. It’s great to have him back with us. Chris, good to have you on again and, how are you? Chris Powell: Oh, very good, Mike. Glad to […]

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Get Ready for an Historic Upside Gold and Silver Run

Get Ready for an Historic Upside Gold and Silver Run

The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we’ll soon be headed. It means that when prices “base” in a relatively narrow sideways range for an extended period, they will at some point break out. Before the action gets underway, bears and bulls alike will get “sandpapered” as they take positions, trying to guess whether or not the price is getting ready to decline further or move upward into a new bull phase. If you consider that time spent in sideways consolidation represents a build-up in stored energy, then a valid […]

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The Commodity Cycle: What It Means for Precious Metals Prices

The Commodity Cycle: What It Means for Precious Metals Prices

The cycle for any commodity follows the same basic pattern… When prices are low, production falls. As new supplies diminish, the market tightens and prices move higher. The higher prices incentivize producers to invest in production capacity and increase output. Eventually, the market becomes oversupplied, prices fall, and the cycle starts all over again. Of course, this is a simplified model of what drives commodity cycles. Booms and busts can be amplified and extended by speculators, by unexpected shifts in demand, or even by interventions from central banks and governments. Regardless of the causes, commodity markets will always be cyclical in nature. Commodities as a group can be pressured upward […]

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