china imports more gold thantotal ecb holdings, page-2

Great summary of the big picture nectar, and you would think this update today from mining.com will also impact POG:

"AngloGold Ashanti (NYSE:AU) was hit by the mining unrest that's spreading through South Africa Tuesday night, as strikers halted all of its operations in the country. Operations which account for 32% of the multinational's total gold production.

The world's third-largest gold producer said most of its 35,000 employees have joined the industrial action when, on Tuesday's night, miners prevented the company's West Wits and Vaal River operations – joining co-workers who downed tools at AngloGold's Kopanang mine on Sept. 20.

“This interruption to normal mining and processing operations comes amid unprocedural disruptions elsewhere in South Africa’s gold and platinum mining sectors,” warned the company in a statement.

The miner isn’t the only gold producer affected. Gold Fields (JSE, NYSE: GFI) also had to halt production in its mines after a strike that has lasted over two weeks.

“Notwithstanding press reports to the contrary, the unlawful and unprotected strike at the West Section of the KDC Gold Mine (KDC West, formerly Driefontein) on the West Rand in South Africa continues,” said Gold Fields in a statement.

Previously the company dealt with action affecting its KDC mine, on Johannesburg's West Rand, which was resolved at the beginning of this month.

Gold Fields shares plunged 1.4% on Wednesday, and are down now nearly 10% from the August pre-strike figure."