Monthly Archives: May, 2011
China National Gold Bullion Investment as Africa Looking For Record Trades
China National Gold Group Corp., the state that the nation’s largest gold deposit checks, to invest in projects in Africa as the precious metal is expected to trade near record levels for the next three years. “We focus on large-scale mines with good opportunities in the countries with close ties to China and domestic stability,” [...]
Gold is not an investment
Carl Richards is a certified financial planner in Park City, Utah. His sketches are archived on the Bucks blog and on his personal website, BehaviorGap.com. Gold is not an investment. It’s a speculation. Investments made by the assessment of the underlying asset. Speculative bets are made by looking at the price of something and just [...]
Australian Gold industry with an investment boom
New exploration techniques and the booming gold price driving investment in Australian gold industry. Gold is fetching around $ US1, 540 per ounce in the spot market. Much of the demand is due to concerns about economic prospects for some countries, investment in gold a replacement for currency. Mining companies are fast tracking projects to [...]
Massey Investors Lose State Court Block offer to vote on $ 7 billion Buyout
Massey Energy Co. (MEE) investors lost a bid for Alpha Natural Resources Inc. (ANR) “block is more than $ 7 billion buyout of the coal industry on the eve of a shareholder vote on the acquisition. The West Virginia Supreme Court of Appeals in Charleston today rejected a request from a number of Massey shareholders [...]
Saudi prince does not want the U.S. to find alternatives to oil
The worst part about over-reliance on America of oil is that it funnels money into the hands of assholes like Al-Waleed bin Talal, who wants lower oil prices to avoid “the West” to go out and find alternatives to oil . In an interview Sunday with CNN’s Fareed Zakaria, bin Talal says the price of [...]
Oil pares gains, to $ 116 on weaker dollar
Oil rose more than $ 2 on Tuesday then compared to the profits of Brent crude above $ 116 a barrel if the dollar weakens on improved prospects for a rescue plan for the heavily indebted Greece and the U.S. confidence data disappointed. The euro rose to a three-week high against the dollar as the [...]
Birmingham gas prices slide 4 cents
Local gas prices dropped 4.1 cents in the last week in the magical city, according to a release from BirminghamGasPrices.com. The dip in prices, the local average of $ 3.57 per gallon. For months, local prices were 13.1 cents per gallon. For years, local prices rose by 99.2 cents per gallon. Meanwhile, in the week, [...]
