Friday, September 19, 2014

Gold stocks take another beating

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Mining News Digest
Saturday 20 September 2014
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Historically September is the best month for the gold price and gold stocks, but 2014 has turned the market on its head.

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Gold price dips nearly 1% to fresh 2014 low on Friday, but some signs of physical Asian buying emerge.

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Resource industry sales were awful.

A year-to-date double.

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Where will Tesla Motors get the tons of lithium it will need to make advanced batteries at its Nevada gigafactory?

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Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact.

Gold stocks have plunged in September, crushed by the withering selling pressure from heavy futures shorting hammering gold.

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