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Bron Suchecki
Worked at The Perth Mint
Lives in Perth
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Bron Suchecki

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Outlook for gold: positive and negative factors
Have a post up on the outlook for precious metals, a something that has to be done for the annual budget write up. Includes a pretty picture of the factors for those who don't like too many words.
Have a post up on the outlook for precious metals, a something that has to be done for the annual budget write up. Includes a pretty picture of the factors for those who don't like too many words.
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Bron Suchecki

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10 year Price vs Sentiment Map for Gold
Earlier this year Societe Generale mapped asset classes in a matrix according to popularity and profitability over the past few years. It got me thinking about applying the same idea to gold to show how its sentiment had changed over the past 10 years, whic...
Earlier this year Societe Generale mapped asset classes in a matrix according to popularity and profitability over the past few years. It got me thinking about applying the same idea to gold to show how its sentiment had chan...
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Bron Suchecki

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Your financial planner would probably be surprised to know the consistent, safe performance of the Cor Capital fund includes a 25% allocation to gold.
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Moving to new corporate blog
I have been very busy over the past few months, a few projects coinciding, and also working to set up a blog for myself at the Perth Mint - research.perthmint.com.au hence the lack of posts. I've moved the content from the Research section of the Perth Mint...
I have been very busy over the past few months, a few projects coinciding, and also working to set up a blog for myself at the Perth Mint - research.perthmint.com.au hence the lack of posts. I've moved the content from the Re...
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German repatriation - trainspotters only
Quite busy at the moment with a few projects deadlining at the same time, hence the lack of posts. This is a quick post which is deliberately trainspotting detail so no critiques I'm ignoring the big issues. Koos notes that:   "January till November 2014 th...
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Straining at gold gnats while swallowing central bank camels
Chris Powell characterised my post on marginal miners as "straining at gnats while swallowing camels" . It is an accusation of hypocrisy, that I'm being "very strict and precise in smaller matters of the law, but careless and loose in weightier matters" (se...
Chris Powell characterised my post on marginal miners as "straining at gnats while swallowing camels". It is an accusation of hypocrisy, that I'm being "very strict and precise in smaller matters of the law, but careless and ...
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Have him in circles
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Bron Suchecki

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Silver investors corner the market, not JP Morgan
Have a post up on GoldCore's Friday article asking whether JP Morgan was cornering the silver bullion market, noting their Comex warehouse stocks of 55 million ounces and claims by Ted Butler that they “may be holding as much as 350 million ounces of physic...
Have a post up on GoldCore's Friday article asking whether JP Morgan was cornering the silver bullion market, noting their Comex warehouse stocks of 55 million ounces and claims by Ted Butler that they “may be holding as much...
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Who buys or sells (to China) matters
I have a post up about an article Steven Saville of The Speculative Investor wrote in January saying that “focusing on the changes in gold location is pointless if your goal is to find clues regarding gold’s prospects.” While I get what he was trying to deb...
I have a post up about an article Steven Saville of The Speculative Investor wrote in January saying that “focusing on the changes in gold location is pointless if your goal is to find clues regarding gold’s prospects.” While...
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The power of gold and rebalancing in a portfolio
Have a post up on the corporate blog on the permanent portfolio and specifically the Australian fund Cor Capital which has implemented the strategy. It shows a safe and consistent return that I think argues well for the strategy's inclusion in retirement ac...
Have a post up on the corporate blog on the permanent portfolio and specifically the Australian fund Cor Capital which has implemented the strategy. It shows a safe and consistent return that I think argues well for the strat...
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Repatriation Update
Ronan tweets that FRBNY Dec withdrawals were only 10.31t. As we were expecting 42t, Victor suggests only three options: US gov't tells lies Bundesbank tells lies US gov't loco swapped part of their gold to London so the Bundesbank could get LGD I think a sw...
Ronan tweets that FRBNY Dec withdrawals were only 10.31t. As we were expecting 42t, Victor suggests only three options: US gov't tells lies Bundesbank tells lies US gov't loco swapped part of their gold to London so the Bund...
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Bron Suchecki

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Jay,

Around 26 minutes you mention my post on marginal miners which GATA posted on. I think GATA and you mischaracterised what I was saying - in no way was I putting out propaganda or trying to hide the effect of paper markets.

For example, I did a 10 part series on fractional reserve banking (starting here) with this one specifically on the role of central banks and how "central bank lending of gold allows the bullion banking system to expand gold credit and this extra supply suppresses the price".

My response to Chris Powell's comments can be found here http://goldchat.blogspot.com.au/2015/01/straining-at-gold-gnats-while.html
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+Bron Suchecki

Fair enough Bron.  Your style however is to belittle those who are concerned about gold and silver price suppression and manipulation and by belittling instead of being merely factual with full information, your blog can be taken as an ad hominem attack (or propaganda) against those who have concerns about precious metals suppression and manipulation.

If you analyze the global physical gold and silver market, I think your current beliefs about gold and silver market suppression will be changed materially.

Quotes from your blog:

"I believe in manipulation but not suppression. One is short term, the other long term. Many of the manipulation and suppression theories are simplistic comic book stuff."

"The fact that the manipulation in this case was downward fed the confirmation bias. It will be interesting to see the response if the next case (I would not be surprised to see another) has a bullion bank trader manipulating upwards, which, if you don't look at charts with one eye, you would have to say is equally probable given the evidence."

As for gold mining equities underperforming, the average all-in sustaining costs globally are ~$1,200 per oz. (USD) and the average total costs of production (including amortization of capex) for the largest producers is of the order of ~$1,600 /oz.  That alone will do the job of collapsing gold mining equity prices given gold went sub $1,200 oz. in 2014.  However, your focus in your blog was on the gold price being impacted by marginal producers not on gold equities.
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Gold price may be affected by marginal miners not going to company heaven
Izabella has a post on FT Alphaville on the changing structure of the oil market. The point of interest for me is that the speed with which shale oil can be developed, as well as shut down and restated, means that "the clearing price of oil in a shale world...
Izabella has a post on FT Alphaville on the changing structure of the oil market. The point of interest for me is that the speed with which shale oil can be developed, as well as shut down and restated, means that "the cleari...
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Have him in circles
155 people
Aquilus Sum's profile photo
John Sipahi's profile photo
Sasi WOP's profile photo
anand srivastava's profile photo
Koos Jansen's profile photo
Gp Clad's profile photo
Bullion Baron's profile photo
Joseph Gale's profile photo
Kanj Segue's profile photo
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  • The Perth Mint
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My personal profile & blog on all things precious metals. This stuff is not endorsed by the Perth Mint (who I work for) in any way. For more background on me see About This Blog and my LinkedIn Profile.
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