Leon Esterhuizen
Leon Esterhuizen
fields gold guys
The guys at Gold Fields don't think much of the idea.
advantage bet commodity funds offered took
Commodity funds took advantage of the one-way bet offered by a weakening dollar.
believe commodity dollar funds further lose
Commodity funds now believe that the dollar can only weaken further so they have nothing to lose by getting heavily into gold.
anyone bull call expected indicate metal move precious run strategic withdraw
It's an interesting move - I don't think anyone expected them to withdraw from mining. It may indicate a strategic call that the precious metal bull run is over.
average combined earnings higher lower output rise
This 11% rise in average revenue, combined with higher output and lower costs, will see earnings rise significantly.
losses operating seem
If I look at the operations, they don't seem to be making money. It's making losses at the operating level.