The workers at a construction site in India discovered yesterday a pot full of 200-year-old gold coins. The incident took place in Hardanahalli village on the outskirts of Chamarajanagar town in the South Indian state of Karnataka.
It was clear from the outset of the gold price smash that there is a divergence happening in the gold market. It was clear that demand for physical gold was not enough anymore, so we set about looking into the elements of the gold market.
Africa is becoming the top choice for North American oil companies looking to diversify, and the East African Rift is the hottest of the hot. Here, Alberta Oil Sands discusses how to get in elephant-sized plays in the East African Rift among other topics.
Given the significant rise of gold exports from Hong Kong to China, 68% year-over-year, this is a timely and informative research piece which shines a spotlight on the Eastern gold market in a time when many are declaring the end of the gold bull market.
The new trading week opened with mixed showings in the precious metals’ complex. Spot gold fell about $5 to the $1,730 bid area, while spot silver eased by 13 cents to near $33.55 per ounce. Platinum advanced $5 to $1,593 and palladium gained an equal amount, to touch $657.