Precious and Industrial Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot price
of gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold (to US$ 1,325 per troy
ounce), as did swings in the US dollar.1
Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
Gold prices traded
within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded
gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold holdings
of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.
The Condor Project contains an indicated mineral resource
of 8.012 million
ounces gold, 28.545 million
ounces silver and 0.8 billion pounds
of copper (
within 447.28 million tonnes grading 0.55 grams / tonne
gold, using a 0.25 grams / tonne
gold cut - off).
My risk was just over $ 2,000 and
within hours
Gold had risen just over $ 40 an
ounce and I was sitting on a profit in excess
of $ 5,000 (1 to 2.5 risk reward).
During the last run up and subsequent collapse
of gold / silver «prices», during the 22 % mortgage rate fiasco
of 1981 -» 82, I bought $ 15,000 worth
of silver bullion as it escalated in price from a start point
of about $ 5.60 per
ounce to $ 52.00, before crashing back to $ 6.00
within a few days
of hitting $ 52.00.