Markets: Gold meddler
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
What is up with gold? Spot gold has slipped 4.6 per cent since July 23 after rising 12 per cent between June 27 and July 23, according to Bloomberg data. At 1611 AEST spot gold was at $US1283.30. Gold futures are down a seventh straight day.
The 'sooner versus later' debate about the end to US quantitative easing has now swung firmly in favour of the sooner camp. Federal Reserve Bank of Chicago president Charles Evans, a QE fan, said yesterday there has been “good improvement” in the American labour market. Fed Bank of Dallas president, Richard Fisher, a QE critic, says the US central bank is closer to easing the pace of monetary stimulus. Half the 54 US economists surveyed by Bloomberg reckon the Fed will trim its $US85 billion per month bond-buying program next month.
Gold investors are getting ahead of the curve. Expect further declines in the price of bullion along with Australian gold mining stocks. Newcrest, Australia’s biggest gold producer, fell 51 cents, or 4.3 per cent, to $11.27 today. The stock is down 7.9 per cent this month. Medusa Mining dropped 12 cents, or 5.8 per cent, to $1.96. The shares have fallen 15 per cent this month. Perseus Mining declined 3 cents, or 5.5 per cent, to 51.5 cents. Its shares have slipped 12 per cent this month.
Just when gold miners and explorers thought they had recovered from an annus horribilis, dark days are upon them again.
Call 1300 880 160
Start a chat
Schedule a call
