Victor Lazarovici
Victor Lazarovici
banks bedrock central convert financial gold longer period profitable reduce required reserve time
This may be the realization after a long period of time that gold is no longer the bedrock of the world's financial system. And if it's no longer required as a reserve currency, then it makes sense for central banks to reduce their holdings of gold and convert to more profitable investments.
combining company concept good hard mere producers western
Just the mere concept of combining the No. 2 and No. 3 (nickel) producers in the western world into one company is enough to make regulators take a good hard look.
appreciation last offset price pricing reason struggling sustain
I think at long last they've got enough price appreciation to offset the pricing they've been struggling with. I don't see any reason they shouldn't be able to sustain or do better for subsequent quarters.
gold highs level producers reached recent since starting stocks
Since making recent highs in February, gold stocks have continuously come down in price. We have reached a level that is uncomfortable for the industry. Some of the higher-cost producers are starting to feel the pinch.
negotiate
I think they'll negotiate with antitrust authorities and will come up with a solution.
cycles greatest midst mining seen
We're in the midst of one of the greatest mining cycles we've seen in decades.
companies gold last lower money panic
There are companies making money consistently, even at lower gold prices. Panic is the last thing you want to do.
hit impact increasing metal momentum quarter seen
The real impact of what we've seen in the first quarter will hit the second-quarter results, from the increasing momentum of the metal price.