The Gold Economy

As usual I scan news and data sources for any nibble of information I can find regarding any investment, and read plenty of material, and in my quest to examine the fundamentals behind the rapid ascent of silver prices, I came across the monex.com website and only chose this particular statement for its brevity, because simliar claims abound.

Worldwide market demand for silver is growing, while supplies of silver are quickly disappearing. New high-tech uses for silver will further strain already-tight supplies in the future. World demand for silver now exceeds annual production and has every year since

The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs.

Gold in USD – 6-Month (Daily) and 150-Day Moving Averageclick to enlarge

Political, and more importantly socioeconomic, revolutions in the Middle East and North Africa are leading to a degree of geopolitical instability and

The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs.

Gold in USD – 6-Month (Daily) and 150-Day Moving Averageclick to enlarge

Political, and more importantly socioeconomic, revolutions in the Middle East and North Africa are leading to a degree of geopolitical instability and

Agnico-Eagle (AEM) is a Toronto based Gold producer with operating mines in North America and Finland. Formed in 1972 from the merger of Agnico Mines and Eagle Gold Mines, Agnico-Eagle is focused on a strategy of acquiring and developing quality projects in low risk regions of the world.

4th quarter 2010 sales were $439 million, an increase of 94.5% over the $225.6 million in the 4th quarter of 2009. Net income was $0.53 per share, an increase of 71% over the $0.31 reported in the 4th quarter of 2009. The 53 cents figure includes