Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, Clive Maund, president of clivemaund.com, commented on Aguila American Gold Ltd. The mountains of debt engulfing Western economies is likely to lead to hyperinflation according to Clive. In this exclusive interview with The Gold Report, Maund details the scenario he sees for collapse and reveals several gold stocks that could benefit.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years of experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a diploma in technical analysis from the UK Society of Technical Analysts. He lives in southern Chile.
We thought you'd be interested in reading Clive Maund's comments on Aguila American Gold Ltd. Scroll Down to see these comments.
Regards,
John Huguet
President, Chief Executive Officer and Director
Clive Maund's Comments:
"Following a big rise late last year and into this year, which led to its being very overbought, Aguila American Gold Ltd. has reacted back and now appears to be basing above strong support at about CA$0.20. In adverse market conditions it could react back towards this support again, in which case it will be viewed as a buy. Volume and volume indicators are strong, which further suggest that it has bottomed and is basing." View Article
Peru produced 3,637,403 kilograms of silver in 2010, worth about $4.8 billion at current spot prices. In February 2011, Henry Luna, director of mining promotion with the Ministry of Energy and Mines in Peru, announced that the country anticipates retaining its position as the world’s largest silver producer. “Peru is the current world leader in the production of silver,” stated Luna, “and we are going to maintain this leading position over the next few years.” click here for the article (PDF)
Firms reach deal in negotiation with government-sources
* New royalty rate still to be determined-sources
By Teresa Cespedes and Patricia Velez
LIMA, Aug. 16 (Reuters) - Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, sources on both sides of negotiations between companies and leftist President Ollanta Humala's government said on Tuesday.
Peruvian President Ollanta Humala will consider cutting natural gas exports to Mexico as demand from local power plants and petrochemical projects surges, according to the president of the state oil contracting agency.
Peru will complete new windfall mining tax regulations within two weeks, Gestion reported, citing comments by Finance Minister Miguel Castilla.
The government has discussed its plan with mining companies and formal negotiations will probably begin Aug. 15, Castilla said in an interview with the Lima-based newspaper.
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