Chinese Rush To Ghana For Gold, Monopolize Small-Scale Mines
May 15 2013 1:13 PM
The people of Shanglin county in southern China have ventured to an unlikely place to seek their fortunes.
Lonmin Workers Walk Out To Protest Shooting Of Union Member
May 14 2013 3:46 PM
National Union of Mineworkers believes the strike against Lonmin is in reaction to the killing of a veteran worker from its rival union.
Gold Sales Booming In China and India Following Price Drop
May 13 2013 9:30 AM
A growing number of buyers in China and India are jumping into the market and driving demand for jewelry, coins and bars.
Amplats To Cut 8,000 Fewer Jobs In South Africa
May 10 2013 9:19 AM
Amplats halves its planned jobs cutbacks in South Africa.
Consumers Snap Up Gold & Silver Jewellery
May 09 2013 8:50 AM
Gold climbed $20.60 or 1.42% yesterday to $1,472.60/oz and silver finished nearly unchanged -0.08%. Jewellers across the world are seeing a surge in jewellery purchases because consumers are taking advantage of the price drop and purchasing investment pieces that will grow in value over time.
Depositors Beware - Bank Deposits Of More Than €100,000 Are At Risk
May 07 2013 9:06 AM
Today’s AM fix was USD 1,463.00, EUR 1,118.67 and GBP 941.74 per ounce. Friday’s AM fix was USD 1,476.50, EUR 1,124.95 and GBP 949.34 per ounce.
How to Trade Gold, Silver & Precious Metal Miners
May 06 2013 1:33 PM
May 6th, 2013 at 12:56 pmHow to trade Gold and other precious metals related investments is not that complex. But you must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices).
Gold And Silver Bullion Coin And Bar Shortages Continue
May 03 2013 8:56 AM
Gold rose $8.10 or 0.56% yesterday to $1,466.80/oz and silver finished + 0.68%. Physical demand for coins and bars internationally continues and is the strongest since the immediate aftermath of the Lehman Brothers collapse on September 15, 2008, and the consequent global financial crisis.
Goldman Sachs Vs. Chinese 'Grannies'
May 02 2013 3:24 PM
China's "granny effect" trumps the investment advice of Goldman Sachs.
Platinum In Deficit For First Time Since 2004
May 02 2013 11:19 AM
South African mining strikes plus rising demand put white metals into deficit last year, according to GFMS.
Is this a Dead Cat Bounce for the Gold Miners?
May 02 2013 8:00 AM
In the last seven months or so we have seen the Gold Bugs index, HUI, fall from 520 in October 2012 to 283 today 01 May 2013, registering a loss of 45% in the value of its constituents. The last four weeks has seen the HUI drop 100 points followed by a bounce of 23 points. Many are of the opinion that the bottom is in and are hopeful of a decent rally from this point in order to restore some normality to this tiny sector and repair their investment accounts. The chart below depicts the plight of the gold miners and the severity of the recent carnage that has decimated the stock prices at a time when they need all the friends they can get.
Gold And Silver Coin And Bar Shortages Globally
April 29 2013 8:41 AM
Gold fell $7.00 or 0.48% Friday to $1,467.30/oz and silver finished down 1.65%. Gold and silver both gained for the week at 4.74% and 3.11%, respectively. Gold rose another 1% overnight in Asia, consolidating on last week's 4% gain.
Despite Crime, Sri Lanka Still Wary About Death Penalty
April 26 2013 12:27 PM
The death penalty is on the books in Sri Lanka, but no executions have taken place since 1976.
Better “Safe Haven” – Switzerland or Canada?
April 25 2013 1:22 PM
Despite the well-engineered ‘bear raid’ conducted by some U.S. banks together with some hedge funds –which knocked the gold price back on its heels down to $1,344—the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover.
Australia’s Iconic Koalas Now Face Extinction Through STD
April 25 2013 1:04 PM
In the 19th century, millions of koalas roamed all across Australia. There are now no more than 100,000 on the entire continent.
Silver Institute Sees Lower Silver Prices In 2013
April 24 2013 8:24 AM
The damage from the recent sell-off in silver prices will not likely be repaired this year.
Silver is Following its 1970s Pattern
April 12 2013 11:23 AM
The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.
A US$ Retreat Could Ignite The Precious Metals market
April 10 2013 8:17 AM
The recent rally in the US$ was more a product of the fall in other currencies than a strengthening of the dollar. In particular we have seen the British Pound fall dramatically in the first two months of this year and this was followed by the Japanese Yen which tumbled recently on the inflationary actions introduced by the Bank of Japan. The value of a position in the precious metals sector would have increased for those living in the UK or Japan, but for investors living in the United States the strength of the dollar has eroded the value of their holdings in the gold and silver space.
- Goldman Sachs Goes Negative On Gold
April 10 2013 7:54 AM
Exchange-traded fund redemptions are contributing to Goldman Sachs' prediction that the gold price will slide to $1,450 by year's end.
Turkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month High
April 03 2013 9:31 AM
Today's AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce. Tuesday's AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce. Gold fell $23 or 1.45% yesterday while silver fell 76 cents or 2.7%.