Allan Kolher mentioned on the ABC News tonight that the Gold produced in South Africa during the last Year was the Lowest since 1922. Mineweb highlights that Gold Produced in South Africa fell 5.2% during the last Year,and with some of those Gold Mines in South Africa more than three Kms. Deep; I imagine we can all see why Six Major Gold Mining Companies have been De Hedging recently. I remember seeing a prediction about Eighteen Months ago by a Gold Trader (I think from Man Financial) that Gold was on its way to $2,000 U.S. p/oz. however He did not mention which Year.
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