CoinMiner

Gold Price Manipulation: So What?

Sure, maybe manipulation or control in a market manages the price of an asset. Perhaps an artificial price of that asset does little to change the FUNCTION of that asset.

However, intervention on a scale to constitute manipulation will - over time - completely erode public confidence in that particular market. That market will fail and ultimately be replaced by another with greater transparency.

There ARE reasons to consider the pros and cons of 'managed' economies irrespective of the price of any one thing on any given day.

Paulson & Co Hedge Fund Files 13G on AngloGold Ashanti

Possible Paulson also forecasts a higher Rand down the road, based on his AU and GFI holdings. I had just sold KGC last week and hoped to buy back (already hold/own GFI). Suppose I'll add AU to the due dillgence plate as a possible substitute for KGC, although I like the CAD and AU dollar from here (and all other 'production country' currencies)...

Barrick Gold: A Hedge Against the Dollar and Inflation

Chris, Nice analysis.

One thing I have noticed is that ABX managed, since the Lac Minerals days, have made very shrewd moves based upon company reserves and properties. One thing they have had more difficulty with is accurately 'guessing' the future price of gold.

i.e. their hedge book history. They are now in the position of 'winding down' losing bets when they could have benefitted from this recent upsdie in price of gold.

Hence, another play is to focus on the obvious ABX targets, based upon previous takeover history and patterns, before actual takeover announcement.

This tack has also worked for me regarding potential KGC takeovers.

Both KGC and ABX have manged their takeover targets remarkably well. In part the mining sector has an easier time of merging mining operations than other sectors/industries.