Eddie van der Walt

London-based, South African-born metals markets reporter, currently focusing on precious metals and the London Metal Exchange. All that glitters must be sold. Twitter: @EvdW
Eddie van der Walt

FOCUS – Similarities with tough 90s growing in gold market – Metals Focus

London 27/11/2013 – Similarities with the 1990s are becoming more and more marked in the gold market, Metals Focus told FastMarkets. The metal’s failure to hold above $1,300 has “reinforced the negative investor sentiment surrounding gold [and] the similarities with …

Posted in Bullion News | Tagged , | Leave a comment

OPINION – The sooner the US tapers QE, the better for gold prices

Opinion pieces are the views of the author: they do not represent the views of FastMarkets London 28/11/2013 – Tapering – for gold, it’s the buzzword. It feels as if every single move in the gold price in recent months …

Posted in Bullion News | Tagged , | Leave a comment

FOCUS – Q3 gold demand at 4-yr low; ETFs outflows, India to blame – WGC

London 14/11/2013 – Third-quarter gold demand fell to a four-year low while investors fled exchange-traded funds, figures released by the World Gold Council (WGC) showed. In the July-September period, global gold demand was just 868.5 tonnes, the figures showed, a …

Posted in Gold News | Tagged , | Leave a comment

FOCUS – Chinese gold demand slows slightly, buyers well stocked – Macquarie

London 29/10/2013 – Chinese gold demand slowed in September, possibly because buyers were well stocked after buying in sizeable volumes in the preceding months and because of the Golden Week holiday last month, which reduced the number of trading days, …

Posted in Gold News | Tagged , | Leave a comment

FOCUS – Gold prices generates $210 bln for global GDP – WGC

London 08/10/2013 – The gold industry generated more than $210 billion for the global economy in 2012, a study by the World Gold Council (WGC) and Price Waterhouse Coopers (PwC) published on Tuesday showed. This makes the industry’s contribution to …

Posted in Gold News | Tagged , | Leave a comment

FOCUS – Physical gold shortage has eased – SocGen

London 24/09/2013 – The shortage of physical gold available for immediate delivery in Asian markets has eased, Société Générale said. This shortage, brought about by an explosion in demand following the heavy price falls the metal sustained earlier this year, …

Posted in Gold News | Tagged , | Leave a comment

FOCUS – Goldman Sachs neutral on gold price in short term, bearish for next year

London 17/09/2013 – Goldman Sachs has a neutral short-term price outlook for gold prices but the investment bank warns of fresh lows next year. “Gold prices remain in [a] wide trading range on transient catalysts… such as Syria and the …

Posted in Gold News | Leave a comment

Indian gold prices slump into discount, demand collapses

London 13/09/2013 – Gold physical premiums took a battering this week, pummelled by a flood of recycled supply in India and buyers staying on the sidelines ahead of the US Federal Open Market Committee (FOMC) meeting. In India, the metal …

Posted in Gold News | Tagged | Leave a comment

GOLD NEWS UPDATE – South African gold mine strike set to start this evening

London 03/09/2013 – South African National Union of Mineworkers members in the gold industry are preparing to go on strike later on Tuesday after talks with the industry’s collective bargaining body, the Chamber of Mines, failed. The union, which represents …

Posted in Gold News | Leave a comment

South African gold miners to strike from Tuesday – Chamber of Mines

The National Union of Mineworkers (NUM) has given 48 hours’ notice of a strike at South Africa’s gold producers, the country’s Chamber of Mines said on Friday. The Chamber, which collectively bargains on behalf of South African gold miners AngloGold …

Posted in Gold News | Leave a comment