Sunday, August 14, 2016

Bull market in gold just beginning – Sascha Opel

February 28, 2009 by · Leave a Comment 

Sascha Opel, former chief editor of the first newsletter about the German “Neuer Markt” (New Market) gives us his current thoughts on the precious metals market. Interview with The Gold Report

Read more….

HudBay launches offensive against move to replace board

February 28, 2009 by · Leave a Comment 

HudBay Minerals CEO Allen Palmiere came out swinging on Friday, with just under a month to go before shareholders vote on a proposal to replace the company’s board of directors.

However, on a conference call with analysts and investors, Palmiere faced a grilling of his own, both on the implications of the proxy battle and on the prospects for the company’s operations.

Read more….

$50bn less cash will be spent in mining in 2009 – and perhaps in 2010 too

February 28, 2009 by · Leave a Comment 

The VM Group tells how less capex spend in the mining industry will impact on resource prices, mergers and acquisitions and China’s presence in resources.

Read more….

Bull market in gold just beginning – Sascha Opel

February 28, 2009 by · Leave a Comment 

Sascha Opel, former chief editor of the first newsletter about the German “Neuer Markt” (New Market) gives us his current thoughts on the precious metals market. Interview with The Gold Report

Read more….

Unique 1844-O Proof $10 Leaves Louisiana

February 27, 2009 by · Leave a Comment 

Paul Hollis and Louisiana Governor Bobby Jindal(New Orleans, Louisiana) – The unique 1844 proof gold Eagle, on display for three months at the Louisiana State Museum – Old U.S. Mint in New Orleans, helped attract a record of nearly 20,000 visitors during that time as part of the museum’s re-opening. 

The coin was displayed through the courtesy of its anonymous Florida owner with the help of Louisiana dealers Paul Hollis of Mandeville and Chuck Bloomfield of Baton Rouge who arranged for the homecoming exhibition.

Prior to returning the one-of-a-kind coin to the collector who paid $1.5 million for it in 2006, Hollis took the gold piece to Louisiana Governor Bobby Jindal in Baton Rouge on February 17.

(…)
Read the rest of Unique 1844-O Proof $10 Leaves Louisiana (109 words)


© Paul Hollis Rare Coins for Coin News, 2009. |
|
|
Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Press Releases and Announcements.

Five-Star Generals Commemorative Coins Reintroduced

February 27, 2009 by · Leave a Comment 

Coin LegislationCongress ends the month with a flurry of rekindled coin legislation, as a new set of bills reintroduces the Five-Star Generals Commemorative Coin Act.

Companion House and Senate bills, H.R. 1177 and S. 455, seek gold, silver and clad coins to honor five-star Generals and the United States Army Command and General Staff College (CGSC) for its service in educating the nation’s military leaders since its founding in 1881.

50-cent clad, $1 silver and $5 gold coins would portray Five-Star Generals George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry "Hap" Arnold, and Omar Bradley — each alumni of the CGSC.

If the act sounds familiar, it is. Sen. Pat Roberts of Kansas introduced a bill (S. 3456) with the same name on Sept. 9, 2008. Many bills fail to make it through a congressional session for one reason or another. These are automatically cleared from the books and must be reintroduced or die.

(…)
Read the rest of Five-Star Generals Commemorative Coins Reintroduced (233 words)


© CoinNews.net for Coin News, 2009. |
Permalink |
No comment |
Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Proposed or Recent Coinage Legislation.

Weekly Market Recap 2/27/09

February 27, 2009 by · 1 Comment 

The stock market is still far too volatile to trust that your portfolio is going survive – let alone thrive. Investors fear that new government spending will only drive down the value of ordinary investments even more, thus making precious metals even more attractive. This week we have seen precious metals prices fluctuate some from last weeks gains. Investors around the world continue to insist on physical delivery of precious metals, which continues to place strains on the market. Should the metals rally continue, physical metal will become even harder to obtain.

After gold prices rose above the $1000 level last week many investors chose to sell metals to secure cash, instead of chasing the price even higher. Risk aversion remains strong as the global recession continues, making now the perfect time to buy precious metals before the supply falls short of the high demand created by investors and collectors.

Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion products and numismatics here at http://www.apmex.com./

Gold:
Spot Gold prices opened this week at $994.30. The high during the week was on Monday February 23 at $999.60, while the low for the week occurred on Thursday February 26 at $932.20. Gold ended the week down at $941.20. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 oz. Gold Maple Leafs, 1/10 oz. Gold Australian Lunars, 1/20 oz. Gold Australian Lunars and 1 oz. Pamp Suisse Gold Bars were very popular with investors as gold kissed the $1000 mark for a second week.

Silver:
Spot Silver prices opened last week at $14.38. Silver continues to be the “Go ToVehicle” for many investors. Very active trading pushed spot silver to a high of $14.60, on Monday February 23, while the low for silver occurred on Thursday February 26, at $12.93. Silver ended the week down at $13.18. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples , 10 oz. Silver Morgan Bars and 1 oz. Silver APMEX rounds saw phenomenal action this week as investors continue to stock pile this highly sought after metal.

Platinum:
Spot Platinum prices opened last week at $1091.00, but ended the week down at $1081.50. Supplies of platinum continue to be tight though APMEX has been able to stock limited quantities of 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, 2009 1 oz. Platinum Canadian Maple Leafs and 1 oz. Credit Suisse Platinum bars.

Palladium:
Spot Palladium prices opened this week at $214.05, but ended the week down at $199.85. Of all the precious metals, palladium seems to be the rarest metal lately. Many investors are interested in palladium, but finding products to stock continues to be difficult at best. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars and 100 oz. Fine Palladium Bars were hot items. Again, these bars will not last long due to popular demand.

Numismatics:
As the Dow Jones Industrial Average flirted with breaking through the 7,0000 barrier, Gold did break through the $1,000 level, albeit briefly. This upward pressure on gold is having a very positive impact on the US coin market. Demand for Pre-1933 US Gold Coins is very strong and the demand for Bullion Gold is insatiable.

As a by-product o f this demand for the yellow metal, World Gold coins are also in demand. We have seen our sales of these numismatic and quasi-numismatic items soar in recent weeks. This has also lead to increased demand for World Coins in all metals. As we have reported in the most recent past, Type Coins, Morgan Dollars and Proof and Mint Sets are continuing to lead the advances, while Classic Commemorative coins continue to slide even lower. At the sake of repeating ourselves, there are some outstanding buying opportunities in today’s market place!

Coeur d’Alene Mines Corp. Q4 2008 Earnings Call Transcript

February 27, 2009 by · Leave a Comment 

Coeur d’Alene Mines Corp. (CDE)

Q4 2008 Earnings Call

Read more »

Banro looking for big brother to help fund DRC gold mine

February 27, 2009 by · Leave a Comment 

Canadian gold junior Banro Corp is looking for a strategic partner to take a stake of as much as 60%, possibly in the company itself or its flagship project, and assist in financing the construction and start up of the mine, says president and CEO Mike Prinsloo.

Earlier this month, Banro raised $14-million in a nonbrokered placement, and the firm announced on Wednesday that it had received official confirmation from top-ranking officials in the Democratic Republic of Congo that its mining convention and licences in the country are legal and secure.

Read more….

Crisis, yes, but it can deliver benefits – Rand Uranium

February 27, 2009 by · Leave a Comment 

Uranium production is still alive and well in South Africa – but don’t expect eager bankers hovering anywhere near the mine gates.

“The challenge is not finding uranium – the challenge is finding money. It is difficult to secure funding for any project at the moment,” says Rand Uranium CEO John Munro.

Bankers are brandishing red flags at anyone uttering the dreaded c-word – credit – especially as the current strained global economy has tempered the once insatiable appetite for commodities of any kind.

Read more….

« Previous Page — Next Page »