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Saturday, 1 September 2012

Kinross Gold Corporation (KGC) Part 1

Macro thesis Gold and silver miners have witnessed a surge in prices as the market thinks that ECB and the Fed will be forced to pump prime out of their debt issues. The trend has already been set as central banks have become net buyers instead of net sellers of gold as they diversified out of dollars. PIIGS collectively own 3,000 tons of gold and Italy, which owns the most at 2,400 tons, had used gold as collateral. Therefore, this could entice China to extend its assistance to euro zone countries, via swapping gold for cash.
Read more here: Kinross Gold Corporation (KGC) Part 1

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