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Artem Davletshin

 
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  • Short Coeur Mining On Declining Gold Prices And Weak Fundamentals [View article]
    Refer to the letter response from the World Gold Council: "The use of import data as a proxy to measure gold demand is somewhat simplistic and does not take into account factors such as round-tripping and stocking/de-stocking. To effectively measure gold demand, a more detailed and holistic analysis is required." (http://on.barrons.com/...)

    Further, let's assume that Mr. Sprott's analysis represents actual supply and demand in 2013. And, the World Gold Council numbers are wrong. Even in this case, the 'invisible hand of the markets' would reflect the overwhelming demand for gold in the price of gold. In other words, the extra demand in 2013 would already be priced into the spot price of gold throughout 2013 and beyond. Thus, the current $1,200 some gold price would reflect this overwhelming demand.
    Jan 12, 2014. 09:34 PM | Likes Like |Link to Comment
  • Short Coeur Mining On Declining Gold Prices And Weak Fundamentals [View article]
    According to Coeur, they have purchased "Put options with $1,200/oz strike price covering 25,000 ounces of gold, or approximately 35% of
    forecasted production." (http://bit.ly/19mCs00) That leaves, 65% of forecast production vulnerable to the fluctuations in the price of gold. Therefore, Coeur is still exposed to gold price fluctuations.
    Jan 12, 2014. 12:09 PM | Likes Like |Link to Comment
  • Short Coeur Mining On Declining Gold Prices And Weak Fundamentals [View article]
    (1) The price of gold and silver tend to move together (http://bit.ly/19FfOw7) so any impact to the price of gold, effects silver as well. Thus, it doesn't matter that Coeur also mines silver.

    (2) ETFs are a consistent driver of gold demand. Take a look at the data presented by the World Gold Council on gold demand from various sources. (http://bit.ly/1dHIW5I)
    Jan 12, 2014. 12:00 PM | Likes Like |Link to Comment
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