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Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz.

''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''.

''If you're a gold bull then $2000/oz will be the supremely optimistic case but if gold hits those levels then it probably means a lot has gone wrong in the global economy and a lot of other investment asset classes have tanked''.

Quick facts: Anglo Asian Mining PLC

Price: 138.565 GBX

AIM:AAZ
Market: AIM
Market Cap: £158.51 m
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Anglo Asian Mining 'in extremely good shape' after first half production boost

Bill Morgan, CFO at Anglo Asian Mining Plc (LON:AAZ), talks Proactive's Andrew Scott through the miner's first half update. Anglo Asian saw a 22% year-on-year increase in total production of gold equivalent ounces in the period. Total production from the Gedabek gold, copper and...

on 19/7/18

2 min read