At the Toronto Investment Conference, I gave a handout of my presentation, But there’s one chart that was not included because it was so new. Here it is …
I’ll be talking about this chart in more detail in my Tuesday video for UncommonWisdomDaily.com. So stay tuned for that.
Oh, and here are a few stories of interest …
SPDR Gold Trust ETF liquidates 7.63 tonnes of gold
The SPDR Gold Trust ETF, the largest gold-backed ETF, liquidated 7.63 metric tonnes from its gold investment holdings yesterday. Some of this activity was offset however by ETF Securities Ltd, which showed a 3,934oz increase yesterday to 8.4 million ounces.
Global nonferrous exploration budgets down some 40% Year on Year
After rising for six straight years, the world exploration budget for precious and base metals, diamonds, uranium and some industrial minerals may have dropped about 40% this year, according to early results from a study by Canada’s Metals Economics Group (MEG).
The final figures will appear in the completed study, to be released in late October 2009. However, preliminary estimates from the group’s Corporate Exploration Strategies study suggest that 2009 exploration budgets will reach around $8,4-billion, compared with a global budget of $14-billion last year.
Related Posts
- Could Gold Pullback Give You a Golden Opportunity? (10/16/09)
- New Charts on Gold — Short-term Pullback? (02/03/09)
- Is Gold Poised for a Pullback? (01/06/09)
- GLD Gold Chart Analysis (10/08/09)
- Chart of Gold and Oil (10/05/09)
{ 3 comments… read them below or add one }
5WIHzJ I want to say - thank you for this!
Very cute :-)))),
It is the coolest site, keep so!,