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Renewed estimates of Chinese gold demand + MORE

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Vancouver, BC, Canada – April 2, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) and Prism Resources Inc. (‘Prism’) (NEX:PRS.H) are pleased to announce that on April 1, 2014, a contract for the Cerro Oro project, Colombia was issued by Agencia Nacional de Minera (‘ANM’).and signed by Miranda…

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There will be teams of Easter bunnies running around Jersey on Wednesday 9th April as choccy egg treats are delivered to various schools and nurseries ahead of the Easter break – and it’s all for charity.
Last year Pete Wright, Chief Financial Officer at GoldMoney, ran the toughest foot race on earth, the Marathon de Sables and as part of his training and fundraising, he decided to run around the island delivering chocolate eggs to raise funds for the Grace Crocker Family support Foundation…

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It may have been Platinum and Palladium’s week in terms of performance, but individual precious metal investors such as GoldMoney customers haven’t bought into the rise.
Head of Dealing at the online trader, Roland Khounlivong, said: ‘Individual investors such as our customers are more interested in the liquidity of gold and silver…

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Crude oil prices rebounded for the first time in 3 days as Russia raised the price of gas it sells to the Ukraine for a second time in 3 days. With Russia’s gas company Gazprom setting the new price at US$485/1000 cubic metres, Ukraine has to pay 80% more of the price before Monday’s increase. The front-month contract for WTI crude oil gained +0…

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Crude oil declined as driven by a potential oil-for-good deal between Iran and Russia. Meanwhile, it’s reported that Iran’s exports exceeded the sanction limits for 5 consecutive months. The Brent crude contract plummeted to a 5-month low of 103.95 before ending the day at 104.79, down -0.79%. The front-month contract for WTI crude oil initially plunged to as low as 98…

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Crude oil price steadied in European session after the sharp selloff yesterday, led by the rally in stock markets despite mixed economic outlook. On Monday, the front-month contract for WTI crude plummeted to a 4-day low of 99.28 before ending the day at 99.74, down -1.81%. The Brent crude contract tumbled to 105…

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Geopolitical and market background
I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China’s gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap…

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GoldMoney has today announced the separation of its digital currency-focused arm, Netagio Limited (netagio.com) from the GoldMoney group. Netagio was launched in December 2013 by the GoldMoney group, one of the world’s leading online precious metals dealers.
Chief Executive Officer, Geoff Turk said the decision to make Netagio a standalone company is down to the dynamic nature of the digital currency business: ‘It is a rapidly evolving opportunity and we felt we could best take advantage of that by creating a small, nimble operation that can be focused on the unique nature of this new market, allowing GoldMoney to continue to concentrate on its established customer base and core business opportunities…

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The gold price continued last week’s fall into Monday, which was the end of the first quarter of 2014. Since then having reached a low point of $1278 in New York trading, gold rallied to a high of $1294 on Tuesday before weakening on Thursday morning.
The biggest influence was not stories and announcements, but the market-makers’ attempts to reduce their exposure by the quarter-end…

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