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ASX flat; AMP to pursue spin-off; Kogan slumps Save Share Gold at $US1800 back on the table Vesna Poljak Broker Macquarie has canvassed the possibility of gold at $US1800 an ounce if it can consolidate above the $US1765 an ounce level, which is optimistic for Perseus Mining, one of the gold juniors it rates outperform . Â Â Â Perseus is expected to produce at the top-end of its guidance range in the second half, on the broker s estimates. Macquarie also favours Aurelia Metals and Bellevue Gold among the juniors. From a macro perspective, Macquarie thinks the decline in bond yields and rally in gold is unlikely to be sustainable without a deterioration in economic data. Next week s FOMC meeting seems far too early for increased taper talk but the key question remains at what point does data prove sufficient for the market to start pricing tapering. ....
Mincor opens Cassini Nickel Mine in Kambalda globalminingreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalminingreview.com Daily Mail and Mail on Sunday newspapers.