Gold’s September pullback is healthy

Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.

Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.

Decision follows a company review of the asset that was triggered by the Bouganville government’s pressure to restart mining at Panguna or give it up.

More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.

Mining royalties can be a fabulous business model, as demonstrated by royalty and streaming giant Franco-Nevada. The company has become a $15-billion powerhouse with claims on assets ranging from gold and base metals mines to oil and gas operations.

Large scale speculators in gold futures pushed long positions to 800 tonnes last week, surpassing the previous record of August 2011 when gold hit $1,900.

Google says "buy gold" searches have soared 400%.

One day before Brexit.

The electronics industry consumed 63.9 tonnes of gold in the first quarter of 2016, about 5% of total demand.