Kinross Gold, a large gold producer, hit a fresh 52-week low, declining by 7.86%.
FORBES: Gold Mining Stocks Still In Free Fall As Gold Price Stabilizes
Many people think of gold bullion as the large gold bars held at Fort Knox.
The United States could not simultaneously keep the world adequately supplied with dollars and sustain the large gold reserves required by its gold-convertibility commitment.
The large gold producer also missed on the revenue side.
FORBES: Barrick Gold's Horrible Third Quarter: Big Miss, Lower Guidance, And Higher Production Costs
The collapse in prices will hurt investors with large gold holdings such as John Paulson, the hedge fund manager who made billions betting against the US housing market during the financial crisis.
But in its end of the year presentation, Gold Fields provided the following chart depicting how poorly the large gold mining company shares have done since 2006 compared to owning the physical metal.
Other large gold investors include Tom Kaplan, who owns a major position in Novagold(NG), a Canadian company, Frank Giustra, a Canadian mining entrepreneur, The University of Texas pension fund and many others such as US Global Investors, a mutual fund company in San Antonio, Texas.
At mid-morning the gold and silver markets dropped sharply and rapidly on some fresh technical selling pressure, talk that a large exchange traded gold fund liquidated a large position, and as the U.S. dollar index hit its daily high.
The last time inflows were this large into gold ETPs was in the second quarter of 2010, when the situation in Greece had first come to a head, Brooks said.
FORBES: Gold ETPs See Greatest Inflows In Third Quarter -- ETF Securities
There were reports overnight of heavy selling of gold in the Asian markets, with some speculating a government may have been selling large quantities of gold.
FORBES: Comex Gold Sharply Lower as Investor Risk Appetite Sees Uptick Wednesday
For decades, large quantities of gold coins have been issued by sovereign governments around the world.
While China's growth data is always keenly watched, it seldom causes such large moves in gold and other markets.
Close to the village of Amatlan, a large reserve of gold and silver still sits in a now unused mine.
While jewelry represents a large percentage of gold purchases in the country, Chinese can also purchase gold at their local bank.
The recent large purchases of gold by the Chinese and Russian central banks, along with the investment hype, could trigger inflation expectations.
The firm's large positions in gold miners AngloGold Ashanti Ltd.
In practice, this would be fine for some small countries, but it is not too practical for the world as a whole because it would require a very large amount of gold.
Large speculators cut their gold exposure largely by selling in which they were exiting, or liquidating, positions in which they previously bought.
FORBES: CFTC Data: Funds Pare Net Length in Gold On Long Liquidation
In both of the commitments of traders reports for gold, large speculators built up their largest net-long positions for futures and options combined since Oct. 16.
FORBES: FOCUS: Large Specs Up Net-Long Positions In Precious Metals; Palladium's Most Since 3Q 2011
Institutions that have large exposures to unallocated gold could find themselves in a spot if enough of their customers decided it was a good time to cash in their certificates.
The CEO of Goldcorp, Robert McEwen turned out to be a shrewd goldbug, turning his modest ownership in the micro cap Goldcorp into a large stake in US Gold .
FORBES: Who Got Really Rich This Week? Elon Musk, a College Professor, A Goldbug and More
The FORBES 400 demonstrates that the the real wealth of our nation is not physical--jewelry, gold, large cash accounts, lots of land--but metaphysical, what stems from the human mind--creativity, imagination, innovation, inventiveness.
The truth is that these employees have done well so far and they will not find much sympathy when the public find out that they earn large wages and enjoy gold-plated pensions denied to so many Scots.
The country has large deposits of minerals including gold and diamonds but decades of conflict and mismanagement have left its people among the world's poorest.
On the back of the watch, large rubies set in sunk gold chatons pop against Geneva waves that evoke the styling of an antique pocket watch.
FORBES: Surprise! The Latest Watch From MB&F Looks (Almost) Normal
"Gold stocks, as represented by the AMEX Gold Bugs Index (HUI), an index of 15 large-cap, un-hedged, publicly held gold producers, have not kept up in percentage terms with the rise in the price of gold, and this is especially unusual because mining stocks are theoretically a leveraged play on the price of gold and should rise faster than gold in a rising price of gold environment, " says Nystrom.
Suppose there was a decline in the demand for gold or perhaps a large increase in its supply.
The interesting aspect of this surge is the large number of investors who bought gold because they anticipated hyperinflation rather than waiting to observe a rise in prices.
The success of the 2010 garden marked the first time in the history of the Chelsea show that a local authority had won gold in the elite large outdoor show garden category.
BBC: Award-winning Chelsea Flower Show garden opens in Leeds
When nearly 30 years ago Dr. Jacob Fraden invented an ear thermometer working on this second principle, the infrared light sensor was so large that he needed a narrow gold-plated reflective tube to channel the light from the ear drum to the sensor.
应用推荐