Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).
More Quotes from Peter Spina:
The buying over the last two days in gold has been in Asia, with the Europeans and Americans acting a bit nervous.Peter Spina
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
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The real action remains in silver, taking away from gold's luster.
Peter Spina
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision Tuesday afternoon.
Peter Spina
Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.
Peter Spina
Gold continues to perform very well, despite calls from industry analysts that a correction is due at these levels. In fact, gold does not appear to want to correct just yet and is looking to run to 600.
Peter Spina
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Based on Topics: Gold QuotesIn me the tiger sniffs the rose.
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Well, as a former small businessperson - I understand what's going on, I think in the business community. And businesspeople around the country are looking at all the spending and all the debt. They're looking at all the policies coming out of this Congress and this administration the last two years, and they - it's created all this uncertainty.
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I do feel I have a responsibility to the youths. For real.
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