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[NYBob]

China to Surpass India as Biggest Gold Market This Year,
Council Predicts -
Feb 16th, 2012 09:51 by News

16-Feb (Bloomberg) — China, the world’s largest consumer of
energy and base metals, is set to displace India this year as
the biggest gold user on an annual basis as surging incomes
drive increased demand for jewelry and investments.

Demand in China jumped 20 percent to 769.8 metric tons in 2011,
while consumption in India fell 7 percent to 933.4 tons,
according to a report from the producer-funded World Gold
Council today.
“It is likely that China will emerge as the largest gold market
in the world for the first time in 2012,” said Marcus Grubb,
managing director of investment.

Gold price could top $2,000 in 2012: by AngloGold -
Feb 15th, 2012 13:10 by News
15-Feb (The Economic Times) —

World gold prices could “easily poke through $2,000.- an ounce
this year, AngloGold Ashanti chief executive Mark Cutifani said
on Wednesday.

In a conference call with reporters after the release of fourth
quarter earnings, which fell far below expectations, Cutifani
said he saw the price of bullion averaging $1,700-$1,850
throughout 2012.

CALVF Golden Cross Alert -


Caledonia Mining says it will maintain a low cost base for its
Blanket Gold Mine; Gold production -

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