Aggregated Awareness

The 2011 Sydney Gold Symposium was held at Luna Park during 2 days in mid November.

Keynote speakers included: Eric Sprott & John Embry (Sprott Asset Management); Ben Davies (Hinde Capital); Alf Field; Richard Karn (Emerging Trends Report); Egon von Greyerz (Matterhorn Asset Management); Dan Denning (Daily Reckoning); David Evans (GoldNerds); Louis Boulanger (LB Now) & Gavin Thomas (Kingsgate Consolidated).

The 2011 Sydney Gold Symposium was held at Luna Park during 2 days in mid November.

Keynote speakers included: Eric Sprott & John Embry (Sprott Asset Management); Ben Davies (Hinde Capital); Alf Field; Richard Karn (Emerging Trends Report); Egon von Greyerz (Matterhorn Asset Management); Dan Denning (Daily Reckoning); David Evans (GoldNerds); Louis Boulanger (LB Now) & Gavin Thomas (Kingsgate Consolidated).

From James Turk's Goldmoney Foundation channel on Youtube comes this excellent interview with Jim "Mr. Gold" Sinclair:

Some seven days ago as of this writing, back on the Saturday 16th July 2011 (or Friday 15th July to our European & American readers), I was doing my routine market commentary reading when I noticed something peculiar about one of the charts in GoldCore’s post for that day.

Australian Dollar Gold Chart

You see, being a native of the Antipodes, I take very careful note of the Australian & New Zealand Dollar precious metals prices.

And with having done so for the past 7 years, one develops a familiarity with the imprint of its chart pattern, in one’s mind. Particularly when it comes to the longer term weekly charts for gold & silver, going back 5 years or more, and particularly in the Australian Dollar.

Here is my longer term weekly chart, of the Australian Dollar gold price:

One feature of its distinctive shape that I wish to point out to readers now, is the extreme & absolute spike high at A$1565/troy oz. back in late February/early March 2009.

From Bloomberg comes this recently released piece of data regarding gold mining production outputs for 2010.

In first place, with a reported 341 metric tonnes of gold produced, was China. And with the Chinese having imported another 300 metric tonnes in 2010, takes their reported consumption of gold to just below 650 tonnes for 2010. Since they consume all of their production internally in China.

From JSMineset.com comes last night's commentary on market action by Trader Dan:

Excerpt:

"...Apparently there has already been some sizeable short covering occurring in the Comex silver market that only recently has come to an end as the three groups mentioned above have gone back to their normal status quo. One group of buyers has been operating somewhat under the radar screen and that is the class known as the other reportables. These are large traders such as private individuals or locals or sometimes CTAs. They have been steadily buying since $22 and as of yet show no sign that they have had enough. While not the largest force to contend with in the market, they are also not to be ignored. Those who trade in reportable size in any market are generally not your typical, uninformed speculator but are those who tend to know their market fairly well. After all, large private traders are not risking client money – they are risking their own and that makes for no tolerance towards ignorance..."

Source...

Some highlights from the King World News Blog Interviews with some illustrious names in the precious metals world being interviewed, and as always, the interesting non-mainstream data points that comes out of such interviews & commentaries

Here are 4 recent KWN blogs focusing on such commentaries:

• Jim Sinclair: This is late 1979, Gold will rise violently
• James Turk: US$53,957 in Circulation for Every Ounce of Gold
• James Turk: US$400 Silver by 2013 - 2015
• Ben Davies: Financial Oppression