Phantasmix Stock Blog

Q. What is the average cost of mining per ounce?

A. The average cost of replacing and producing an ounce of gold rose to $428/oz in 2005, a ten-year high, according to Metals Economics Group, based on a study of 18 major gold producing companies. However, costs vary widely between companies and the mines themselves. – World Gold Council

I read elsewhere that the current production cost is $600-700/oz on average.

Interesting chart, S&P 500 versus Gold spot price.
In terms of gold, S&P is at Fall 2008 levels!

Click to enlarge

And here’s the same relationship but with Gold in terms of S&P:

Questrade offers 80% loan value on gold bullion in non-registered accounts. You can buy gold on credit and borrow on the bullion already in your margin account.

More info @ Questrade

Every time they run out of something at the grocery stores the price is always higher after re-stocking, without exception. Be it 20 or 40 cents, but it’s always higher.

And I noticed things go out of stock a lot faster (credit issues? other reasons for stocking less?), which means the prices go up quite often. It’s been happening for at least 18 months now.

Food inflation is rampant, despite the fact that the Canadian dollar is doing really well.

Ha, I use 2 different variations of my first name. Depending on that my name anagram comes to BLUNTER SHOVE or NERVOUSLY BEAT. The first one is a disturbingly accurate description of (some of) my traits.

U.S. Dollar

(see, pretty blunt)

Very short term but still, possible falling wedge — a bullish reversal pattern — is developing on the U.S. dollar chart. Imo dollar going up won’t necessarily hurt gold because in the last couple of weeks both gold and the dollar were advancing at the same time, at least a few times.

Click to enlarge