viewProactive Group

Gold’s strong start to 2018 now a 'distant memory' - Mining Capital's Alastair Ford

''Bears have been dominant in gold markets in recent weeks as US dollar strength has consolidated'', Mining Capital's Alastair Ford tells Proactive Investors.

Towards the end of February it traded as high as US$1,360 an ounce, making those miners who modelled production plans at US$1,250 look conservatives.

Now, though, those models are starting to look less secure, as the gold price pushes down towards US$1,280, and with plenty of reason to suppose it could go lower still.

Ford also discusses Arc Minerals Ltd's (LON:ARCM) move this week to acquire a controlling stake in Zamsort Ltd.

Plus he gives a quick mention of Meteoric Resources NL (ASX:MEI) and their plans to advance their cobalt assets in Canada.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Piedmont Lithium secures landmark Section 404 Permit to...

Piedmont Lithium Ltd (ASX:PLL) CEO Keith Phillips tells Proactive the lithium explorer has received the Section 404 Permit under the Clean Water Act from the US Army Corps of Engineers for its lithium project in North Carolina. Phillips says this landmark achievement follows a fair, albeit...

10 hours, 19 minutes ago

2 min read