Gold production is falling after doubling over the previous 20 years. The gold carry trade has soaked up much of the available gold for lending while supply is falling because the economics of forward selling have been greatly reduced by falling contangos, rising gold lease rates and falling interest rates. We should now be looking for the opportunity to buy back into the gold market, especially as these recent buyers are flipped out by margin providers or overzealous dealers. Watch this space. It may happen sooner than we think.
Small telcos are in the wars after the One.tel collapse.
The big question is who is next. Open Telecommunications were weak today while Davnet has revised plans for a capital raising. Trust has evaporated in this sector. We believe that the above mentioned advice and information are accurate and reliable having been prepared with all the due care and skill, but no warranty of accuracy or reliability is given. Except insofar as statutory liability cannot be excluded, no responsibility or liability is accepted by the company or any employee of the company and legal liability is expressly excluded in respect of errors, omissions or negligence.