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Back Issues

Issue No 38 - Jan 2011
An Exuberant Start To The Year For The Indian Gold Market
Ten Year Outlook for PGMs
Gold Survey 2010 Update 2
Ten Year Outlook for Gold
Quarterly Three Year Gold Forecast
Quarterly Three Year HR Coil Forecast
GFMS Launch Annual Gold Survey 2010 Update 2
GFMS to attend PDAC in Toronto
GFMS 2011 Annual Surveys - Dates For Your Diary
Base metals: The bull market remains on track

Issue No 37 - September 2010
Central Banks Are Net Buyers for the First Time Since 1988
The Rise and Fall of the Gold Producer Hedge Book
GFMS’ PGM Mine Economics Service - Now Live
South Korea: When Will Demand Return to Pre-Crisis Levels?
Ten Year Outlook for Gold Service
PGM Mine Economics
Chinese Language Platinum & Palladium Survey Launch
Indian Language Gold, Silver and Platinum & Palladium Surveys Launches
Minex 2010 – Russia’s Leading Mining Event of the Year
The Zimbabwean Gold Mining Industry
All Eyes on the Official Sector
Steel: The Billet Market Misses Out on the Third Quarter Rally
Tight Copper Market Helps Prices Breach $8,000/Tonne Mark

Issue No 36 - June 2010
Brazilian Gold Demand “Decouples”
Latest Developments from GFMS Mine Economics: PGM Mines; Gold Company
Analysis and Flexing Model
Saudi Arabian Jewellery Demand Stalls on Rising Prices
GFMS Indian Steel Report: The Prospects out to 2015
Ten Year Outlook for Gold Service
Gold Symposium in Peru
Chinese Edition Gold Survey 2010 Launch, Beijing, 7th July 2010
Russian Edition Gold Survey 2010 Launch, Moscow, 22nd July 2010
Understanding & Managing the Risk of Junior Gold Stocks
Should Silver be Classed as a Base Metal?
Stability Temporarily Returns to the Steel Market
Copper: About Turn in China

Issue No 35 - March 2010
Chinese Platinum Jewellery Fabrication: From Bust to Boom to Bust Again?
The Annual Copper Survey
Western Industrial Silver Demand off to a Bright Start
Structural Changes in the Japanese Jewellery Market
Gold Survey 2010 will be released on 14th April
The Ages of Gold – The “first” gold survey
GFMS’ Quarterly 3-Year Precious & Base Metals Forecasts
World Gold Analyst
Gold Survey 2010 Launches, 14th April
Platinum & Palladium Survey 2010 Launches, 22nd April
World Silver Survey 2010 Launches, 27th May
Buying Opportunity on Gold’s Horizon
Copper Bottom for the Gold Mining Industry
Steel Demand Varies Globally

Issue No 34 - December 2009
Pakistan - fails to deliver on potential
The Base Metals One Year Forecast
Italy’s nascent recovery squashed by recent price gains
RBI’s gold purchase helps sustain physical demand in India
Gold Survey 2009 - Update 2 will be released on 13th January 2010
during a special event in Toronto
The Ages of Gold – “Magisterial Compendium”
GFMS’ Quarterly 3-Year Precious & Base Metals Forecasts
World Gold Analyst Releases its Winter Issue
Launch Events in Toronto on 13th January 2010: GFMS’ Gold Survey 2009 - Update 2 and GFMS World Gold Special Report
GFMS at Perumin
Problems at Dubai World
Reserve judgement on ‘per share’ metrics
China: Business as usual
Steel: Short-term recovery, long-term concerns

Issue No 33 - September 2009
Fundamental Shift: Net Official Purchases Support the Price
Gold Mine Economics Production Costs Margins & Cash Flows to 2030  - a New Service from GFMS
Gold Purity Slips Further in Indonesia
GFMS Releases Gold Survey 2009 - Update 1
The Ages of Gold – “Magisterial Compendium”
GFMS Released the 6th  Issue of its
Precious Metals Forecasting Monthly
New Report by GFMS - the Base Metals Forecasting Monthly
GFMS Quarterly 3-Year Precious Metals Forecasts  
GFMS Quarterly 3-Year Base Metals Forecasts  
World Gold Analyst Releases its Special Report on Ontario & Quebec
Gold Survey 2009 - Update 1 Launch, 14th September 2009
Forthcoming Gold Survey 2009 - Update 2 Launch, 13th January 2010
GFMS is Sponsoring Commodities Week Europe 2009
Global Gold Mining Revival in H109…but Can it Last?
What Kind of Economic Recovery?
The Gold Markets a Year on from Lehman
Base Metals: Passing on the Baton
Steel Market Jumps on the Bandwagon

Issue No 32 - September 2009
Fresh Gold Price Highs Possible This Year Thanks to Inflation Driven Surge in Gold Investment • Diamond Mine Economics: Production Costs, Margins & Cash Flows to 2030 - a New Study from GFMS Mine Economics • World Silver Survey 2009 - Its Key Findings & The Update • Indian Silver Investment Demand This Year is Unlikely to Recapture the Highs of Late 2008 • The Markets Still Wary of Rising Rates; the Relationship Between Gold and the Yield Curve • The Beige Book; Light on the Horizon, but Financing is Still a Problem • On the Margin • Base Metals Rally Ahead of the Fundamentals • Steel Prices Rebound from a Low Base • Base Metal Quarterly Reports - A 3-Year Forecasting Service • GFMS’ Discounted Packages • GFMS has Released the Next Round of the Quarterly 3-Year Forecasts for Gold, Silver and Platinum & Palladium • Forthcoming Gold Survey 2009 - Update 1 Launch, 14th September

Issue No 31 - March 2009
The Impact of the ‘Credit Crunch’ on The Industrialised World’s Jewellery Consumption • GFMS Announces Formation of GFMS Mine Economics • Outlook for Base Metals to 2011 • Turkey Emerges as a Significant Net Exporter of Gold • India: on the Other Side of the Balance! • The Banking Sector Bounces, but Beware the Insurers’ Risks • Equities Continue to Underperform, with Notable Exceptions • Zinc: First to Peak, First to Rally? • Steel Mills between a Rock and a Hard Place • Gold Survey 2009 will be Released on 7th April 2009 at Events in London, Johannesburg and Toronto • World Gold Analyst - Spring Issue 2009 • Ages of Gold - The Most Comprehensive Book Ever Written on Mines and Markets (World Gold Analyst) • Gold Survey 2009 Launches, 7th April 2009 • Platinum & Palladium Survey 2009 Launches, 23rd April 2009 World Silver Survey 2009 Launches, 13th and 14th May 2009

Issue No 30 - December 2008
China to Become the World’s Largest Gold Market in 2008 • Ban on Gold Imports in Vietnam Promotes a Rise in Unofficial Supply • The US Auto Industry: Still Waiting • Gold Equities Hit Hard • The Base Metals Supercycle - No More Boom and Bust? • Supply Response Begins to Pay Dividends • Gold Survey 2008 - Update 2 will be Released on 15th January 2009 during a Special Event in Toronto • World Gold Analyst - Winter Issue 2008 • GFMS Release the Hindi Edition of the World Silver Survey 2008 • Launch Events in Toronto: GFMS Gold Survey 2008 - Update 2 and GFMS-World Gold Mexican Gold & Silver Mining Report • The Silver Institute’s Annual Silver Dinner in New York

Issue No 29 - October 2008
Myths and Realities, Surpluses and Deficits in Platinum and Palladium • Indonesian Jewellery Consumption Boosted by Rural Demand • Futures Volumes Rocket as the Financial Sector Struggles • Investing in the Gold Sector: Bullion or Barrick? • Zinc – a Sign of Things to Come in the Base Metals? • Steel: Is It Time to Panic? • GFMS Metals Consulting Will Release New Three Year Forecasting Service for the Base Metals • GFMS Quarterly Three Year Gold Forecast - October 2008 Issue • Gold Survey 2008 - Update 1 Released on 17th September • GFMS Precious & Base Metals Seminar - The Highlights • China Mining Congress & Expo 2008: Join in Celebrating the 10th Anniversary

Issue No 28 - July 2008
Changing Priorities for Turkish Jewellery Exporter • Oil; a “dot.com” situation? • The Changing Landscape of the Chennai Retail Sector • Copper – Supply Tightness Offsets Demand Weakness • Can Steel Prices Defy the Credit Crisis? • GFMS and World Gold Form New Mining Equity Research • Joint Venture in London • GFMS Quarterly Three Year Gold Forecast - July 2008 Issue • World Silver Survey 2008 • GFMS Precious & Base Metals Seminar • Gold Survey 2008 - Foreign Language Editions • Excellence in Mining & Exploration 2008 on 14–16 September 2008

Issue No 27 - March 2008
The IMF, Gold and Refunding • Challenging Year Ahead for the US Gold Jewellery Market • Saudi Arabian Plain Jewellery Market Slumps on Record Gold Prices • China - A New World Leader in Gold Production • Timothy Green, Author of The Ages of Gold, Reflects on the Price at $1,000 • Commodities – A Vicious or a Virtuous Circle? • A Bullish Start For the LME Steel Futures Contract • 10-Year Gold Forecast • Base Metal Quarterly Reports - A 3-Year Forecasting Service • Steel Market Futures Briefing • GFMS Quarterly Three Year Gold Forecast - March 2008 Issue • GFMS Presents ‘The Ages of Gold’ by Tim Green • Gold Survey 2008 Launches, 9th April 2008 • Platinum & Palladium Survey 2008 Launches, 24th April 2008

Issue No 26 - December 2007
News on Italian Gold Jewellery Less Gloomy • The Fed Helps with Liquidity • Silver's Annual Average Expected to Rise Some 16% in 2007 • Where Are We in the Supercycle? • Imports Are Undermining EU Producers’ Attempts to Lift Steel Prices GFMS presented 'The Ages of Gold' by Tim Green • Toronto Launch of Gold Survey 2007 - Update 2 • Launch of Chinese Edition of Platinum and Palladium Survey 2007

Issue No 25- October 2007
Global Markets in Turmoil, the Impact on the Gold Price • GFMS’ New Precious Metals Cost Service • Tim Green Captures ‘The Ages of Gold’ in a Book • Platinum & Palladium Survey 2007 – Chinese Language Edition • GFMS Precious & Base Metals Seminar - The Highlights • Inflation on the Horizon? • Pakistan Fails to Keep up with its Neighbour • Base Metals: One Year on and Nothing has changed... • Steel: One eye on 2008

Issue No 24- July 2007
New Feature to World Silver Survey 2007: Publication of Separate Fabrication Series for Silver Jewellery & Silverware • The Orient Expresses Its View • Further Steps Taken to Liberalise the Egyptian Gold & Silver Markets • Zinc: Inventories and Prices are both Heading in the Same Direction • Higher Output is Putting the Steel Market under Pressure • GFMS’ New Precious Metals Cost Service • GFMS Precious & Base Metals Seminar • Launch of Gold Survey 2007 - Chinese Language Edition

Issue No 23- March 2007
The Return of the Yellow Look & Its Implications for Jewellery Consumption •
Vietnamese Bullion Demand Soars • US Gold Jewellery Demand Set to Come Under Further Pressure in 2007 • De-Hedging Slows in the Fourth Quarter but Buy Backs to Boost Q1 • The Union Budget in India – Implications for Bullion and Jewellery •
Base Metals Rebound Quickly After the Correction in the Financial Markets • Steel: The Rally in Prices Accelerates

Issue No 22- December 2006
Silver Fabrication Demand Forecast to Fall by Just Over 3% This Year •
Dubai Demand Heats up, But Will it Last? • The IMF and Gold; A Brief History •
Steel: The Waiting Game • The Prospects for the Base Metals Sector to 2012 •
Report on Materials Flow of Platinum Group Metals - Now Only £75

Issue No 21- September 2006
Gold Survey 2006 - Update 1 Highlights • Indonesian Jewellery Demand Stalls •
Is the Yen the Next Beneficiary of Dollar Weakness? •The Base Metals Bull Market Emerges from the Summer Slow Down Intact •GFMS Precious & Base Metals Seminar - What was Said •Chinese Language Version of Gold Survey Celebrates its 10th Anniversary

Issue No 20- July 2006
Palladium Jewellery Fabrication Forecast to Rise in 2006 • The Damaging Impact of Gold Price Volatility on the Italian Jewellery Industry • US Gold Jewellery - Difficult Times Ahead • Zinc – a tale of two factors (market tightness and China’s expansion)
Are we Approaching a Peak in Global Steel Prices?

Issue No 19 - March 2006
The Outlook for Gold Investment • Thailand – A Resurgence of Bar Hoarding Demand •Peru: Elevated Price and Production Levels, but Could Policy Upset the Apple Cart? •China: Signalling a Further Revaluation? •Aluminium Prices Rally Despite Large Additions to Inventories •Global Steel Prices Converge • Gold Mining Reports Now Available for Only £24.95 •GFMS Mining’s Copper/Gold Opportunities

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