Every day our fascination with the kaleidoscope creates market as it attempts to affect us and confuse us at the same time. This is why Gold Stock Trades examines the unfolding developments in the panoramic eye of an eagle. This large bird of prey is endowed with the view that both the immediate area and at the same time extending to the most distant horizons can see. Likewise our telescope an overview of daily events as they might affect our long-range position. Read more
NEW YORK – Gold going forward and upward. And important letters say that there are reasons after threatening inflation.
The metal friends to wonder if it is not better. CME December gold contract rose $ 50.10 (2.95%) last week to close at a record high of $ 1,397.70. Silver, precious metals which many old hands to consider a purer reflection of American speculative sentiment, it was more.
What’s more, gold denominated in euro managed to rise above the initial high-September. Gold in U.S. dollars had risen considerably since then, and gold bears were due to the lack of progress in gold in other major currencies as evidence that the move was vulnerable. That argument has now failed. Read more
The ongoing saga of the only stresses RSPT Gerry Harvey got it spot-on with his presentation of the federal government as “bloody amateurs. This is demonstrated by the exit of Kevin Rudd and the indecent haste now to scrape together a new package to pave the way for the new PM, Julia Gillard. Prior to the rolling of Rudd, he worked on a deal to Queensland’s LNG exemption based on the enormous resources of coal seam gas from the RSPT in favor of a levy based on the existing Petroleum Resources Rent Tax. Read more
It is a good time to do an update Resources Canaco now that Tanzania appears to have climbed to the top destinations or the more popular in Africa, after Barrick announced that it will drift African Barrick Gold. The London-bound exploits the Bulyanhulu gold mine, Buzwagi and North Mara gold mine in Tanzania, and the joint venture Tulawaka. Read more
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Now, most of our Canadian correspondent for a look at how the market performed in recent weeks.
He was a bit of a rough week for gold miners, but offers a friendly takeover of a small junior exploration company working in the Yukon has caused a rise in the more speculative stocks. Once all transactions must be done, the TSX Venture Exchange, home to junior exploration companies than anywhere else in the world, earned a 0.64 per cent, while the TSX Gold Index fell 3.89 percent. Read more
Mineral Deposits Ltd., Senegal-based gold producer, said it plans to spend $ 80 million to increase production capacity at the gold mine Sabodala by one third to 200,000 oz / year from mid-2011 . The company says the plant was designed and built with future expansion in mind, after some infrastructure in place to manage the increased flow. (more…)
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 a barrel of oil should be somewhere between $ 70 and $ 80 per barrel, instead of more than $ 100 for barrel. Why? To maximize profits, while the Western governments to discourage the search for alternatives to expensive gasoline. His exact quote is as follows; (more…)
Oil prices stabilized on Friday after an upward drive was reversed by renewed concerns about the health of the economy of Europe. News that Fitch Ratings, the sovereign debt of Spain lowered to AA + from AAA top retreat in oil prices sent. New York main contract, light sweet crude oil for delivery in July was set at $ 58 cents US73.97 a barrel, after a brief excursion above $ US75 a barrel. (more…)
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