SRM 0.00% 36.5¢ sierra mining limited

this is good for all of us. I aso like the real strength in...

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    this is good for all of us. I aso like the real strength in copper. Remember, SRM's grade is up near 8grams, there are few copper/gold plays anywhere near this grade. Drilling results next month with any luck.

    Gold Rout Seen Bottoming by Analysts as China Buys: Commodities
    By Glenys Sim & Nicholas Larkin - Aug 22, 2013 9:01 AM ET



    The rout in gold that wiped out $56 billion of value this year is spurring consumer demand in China and India, the biggest buyers, and leading JPMorgan Chase & Co. and Bank of America Corp. to say prices are bottoming.

    Sales of jewelry, coins and bars will reach as much as 1,000 metric tons in India and China in 2013, valued at a combined $87.6 billion, the World Gold Council estimates. Prices will average $1,300 an ounce in the fourth quarter, or 5 percent less than now, the median of 17 analyst estimates compiled by Bloomberg shows. Bank of America is the most bullish, predicting a fourth-quarter average of $1,495, and JPMorgan anticipates rising averages in every quarter through the end of next year.
 
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