Gold and What Moves it.
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Gold To Break $2,000 & Global Rush Into Silver Will Continue

Gold To Break $2,000 & Global Rush Into Silver Will Continue | Gold and What Moves it. | Scoop.it

Keith Barron tells King World News:

 

“The momentum will definitely be there for gold to break through $2,000.  In the first half of 2013 we will see that push through $2,000, and silver will be moving above $40.

 

Silver is the ‘poor man’s gold,’ and as gold keeps going higher in price, investors who would otherwise go into gold will move down the food chain and buy silver.  We have already seen a tremendous amount of US silver eagles being purchased and I think the move into silver will continue unabated as we head further into 2013.”

Hal's insight:

Let the predictions commence. 

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International watchdog exposes use of forced labour in Canadian-Eritrean gold project | MINING.com

International watchdog exposes use of forced labour in Canadian-Eritrean gold project | MINING.com | Gold and What Moves it. | Scoop.it
The group claims the Eritrean government has been using forced labour to construct a gold mine, in a joint venture with Canadian Nevsun Resources Ltd.

 

International group Human Rights Watch said Tuesdaythe Eritrean government has been using forced labour to construct a gold mine, in a joint venture with Canadian Nevsun Resources Ltd. (TSX: NSU).

 

According to the report, the Vancouver-based miner failed to ensure that forced labour was not used in the construction of its African Bisha gold project.

 

The 29-page document, Hear No Evil: Forced Labour and Corporate Responsibility in Eritrea’s Mining Sector, describes how mining companies working in Eritrea risk involvement with the government’s widespread exploitation of forced labour. It also documents how Nevsun – the first company to develop an operational mine in Eritrea – initially failed to take those risks seriously, and then struggled to address allegations of abuse connected to its operations. ...

Hal's insight:

I'm not surprised by this, Eritrea does not have a great track record.

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