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Mined gold supply still not keeping up with demand


Mined gold supply still not keeping up with demand
(Shutterstock Image)
2020 was a mixed bag for gold producers. On the one hand covid-19 forced many to temporarily halt operations, due to government-imposed lockdowns.
Yet last year also saw gold hit a record $2,034 per ounce, due mainly to pandemic-related demand shocks, including a sharp drop in the US dollar; the flight from equities to bonds, which drove yields to record lows, thus supporting investments in gold; and monetary easing across the major central banks, comprising a resumption of quantitative easing (mainly bond buying) designed to drive down interest rates and spur borrowing; and interest rate cuts to near 0%, also carried out to incent businesses and individuals to take out loans, and therefore protect national economies from falling into recession during the once in a century global health crisis. ....

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Nova Minerals (ASX:NVA) share price sinks as gold estimate grows


Nova Minerals (ASX:NVA) share price sinks as gold estimate grows
Mitchell Lawler | April 7, 2021 1:34pm |
More on:
Confusing some shareholders today, the
Nova Minerals Ltd(ASX: NVA) share price is sinking, despite the mining company upgrading its Korbel Main resource estimate.
Perplexingly, the Nova Minerals share price has experienced a 9.1% selloff to 15 cents per share. Meanwhile, the
S&P/ASX 200 Index(ASX: XJO) has added a further 0.32% at the time of writing.
Expectations meet reality
I think it was Shakespeare that said “expectation is the root of all heartache”, which is a bit of an exaggeration in this case – but the point holds true. The reaction to Nova’s update is likely the consequence of expectations. With that being said, let’s go through the details so you can make your own mind up. ....

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