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The reports and comments on this site are currently written by Keith Goode.

ERA’s reports mainly cover precious and base metals companies where anyone can see what the price of the product is, with the majority being gold companies, followed by nickel companies.

The reports are paid for by the company concerned and email distributed free. However, we only do them if we like the management (70%), project (20%) and country (10%) for which you need about 90% in each category.

Sites are visited in order to write a report, and typically a week is spent with a company and then it is written up in the following 2 to 3 weeks, with excel modeling where required slowing the report's timing. Report sizes are typically 6 to 12 pages.

Aug 2013 - China's Demand

Don't underestimate China's Demand

It's almost as if the market wants China's growth to fail, jumping on any signs of weakness and knocking down commodity prices. It seems to pounce on HSBC's pmi (purchasing managers index) forecasts which have been shown to be wildly inaccurate by up to 2 points as in the June 2013 figures showing slowing down at 48.2 whereas the actual figure when later released was over 50 (50.1, seen as growth).

Jul 2013 - Broken Hill

Symposium's Broken Hill 2013 Conference

Following the Sydney RIU Conference we again attended Symposium's resource conference in Broken Hill. Though like most recent resource conferences attendance was lower than last year, the Symposium Conference still managed to achieve its "buzz" of delegates discussing aspects of companies in booths and its renowned camel races.

Jul 2013 - Gold Prices

What Should the Gold Price Actually be ?

Following the ~$200/oz fall in the gold price from ~US$1570/oz in early April 2013 to ~$1380/oz one week later, there has been yet another US$200/oz fall in the gold price more recently over two weeks (based on London pm gold price fixes) from $1391/oz on 14 June to $1292/oz on 21 June and $1192/oz on 28 June. Leaving many wondering just what should the gold price actually be ?

Jun 2013 - Manipulation

Manipulation or Coincidence ?

Well, we all know what happened, the gold price collapsed by more than US$200/oz within a week in April 2013. Goldman Sachs (Goldmans) went from bullish/buy gold up to 9 April at ~$1570/oz through "short" gold on 10 April, only to "change horses" back again on 23 April at ~$1408/oz stating close the gold "short" positions, as the gold price could rise.

Kitco Spot Gold Price

   Click Chart for Spot Gold Price[Most Recent Quotes from www.kitco.com]

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