As markets fall, central banks will undertake lots more QE, Grant Williams says
October 31, 2013 by goldguru · Leave a Comment
GATA
3:40p AEST Friday, November 1, 2013
Dear Friend of GATA and Gold:
Stock markets are terribly vulnerable as they rise on little volume, Singapore fund manager Grant Williams tells King World News today, and as they fall, central banks will undertake lots more “quantitative easing.” An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/1_Th…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
Barrick to issue $3.5 billion in shares, suspend work at Pascua-Lama
October 31, 2013 by goldguru · Leave a Comment
GATA
By Liezel Hill and Steven Frank
Bloomberg News
Friday, November 1, 2013
TORONTO — Barrick Gold Corp., the world’s largest producer of the metal, plans to sell shares to raise as much as $3.45 billion to help reduce its debt, which has increased this year as the price of the commodity declined.
It agreed to sell 163.5 million shares for $18.35 apiece in a so-called bought deal that’s being underwritten by a group led by RBC Capital Markets, Barclays Plc, and GMP Securities LP, Toronto-based Barrick said today in a statement. There’s an over-allotment option for the sale of an additional 24.5 million shares, the company said.
Barrick has come under pressure this year after the price of gold fell 21 percent. Chief Executive Officer Jamie Sokalsky has explored cash-raising options including a strategic equity investment, a sale of a stake in its copper business, and selling a stale in its $8.5 billion Pascua-Lama project to a state-backed Chinese investor, people with knowledge of the matter said yesterday. Barrick said earlier today it will suspend construction work at Pascua-Lama to help conserve cash.
… For the full story:
http://www.bloomberg.com/news/2013-10-31/barrick-may-raise-3-45-billion-…
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
GATA Chairman Murphy interviewed at Silver Summit
October 31, 2013 by goldguru · Leave a Comment
GATA
2:35p AEST Friday, November 1, 2013
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed about gold and silver market manipulation last week at the Silver Summit in Spokane, Washington, by Cambridge House Live’s Vanessa Collette. The interview is 13 minutes long and is posted at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
Deals this week: Killara Resources, Algold Resources, West Kirkland Mining and more
October 31, 2013 by goldguru · Leave a Comment
Killara Resources has signed coal sale agreement with Coal Operations & Assets (COPA) for 100% coal output from PT Borneo Emas Hitam (BEH) project located in East Kalimantan, Indonesia.
Read more….
Antapaccay Copper Mine
October 31, 2013 by goldguru · Leave a Comment
The Antapaccay copper mine is located in the Yauri district of Espinar Province, southern Peru, at 4,100 metres above sea level.
October top stories: BHP’s Gemco expansion, Rio Tinto opens Kestrel mine
October 31, 2013 by goldguru · Leave a Comment
BHP Billiton has completed the second stage of the Groote Eylandt (Gemco) expansion project in Australia. Rio Tinto has opened the $2bn extension of its Kestrel coal mine in central Queensland, Australia. Consol Energy has agreed to sell all five of …
Read more….
Gold miners contribute over $55bn to economic development in 2012: report
October 31, 2013 by goldguru · Leave a Comment
Gold miners have contributed over $55bn to sustainable economic development in 2012, according to a new research report released by the World Gold Council.
Read more….
Barrick Gold temporarily suspends $8.5bn Pascua-Lama mine construction
October 31, 2013 by goldguru · Leave a Comment
Barrick Gold said that it has decided to temporarily suspend construction activities at its $8.5bn Pascua-Lama mine project located in the Andes Mountains, on the Chilean-Argentine border.
Read more….
Suchecki disputes TF on Comex gold; Sinclair, Williams interviewed
October 31, 2013 by goldguru · Leave a Comment
GATA
10a AEST Friday, November 1, 2013
Dear Friend of GATA and Gold:
The Perth Mint’s Bron Suchecki disputes the TF Metal Report’s Turd Ferguson’s contention that Comex gold vaulting reports are unreliable:
http://goldchat.blogspot.com.au/2013/10/more-deception-about-comex.html
USAWatchdog’s Greg Hunter interviews gold entrepreneur and advocate Jim Sinclair about what Sinclair sees as the likely “annihilation of currency” and the resulting hyperinflation:
http://usawatchdog.com/jim-sinclair-50000-gold-us-dollar-collapse-hyperi…
And Singapore-based fund manager Grant Williams tells King World News that when China fully hedges its U.S. dollar exposure with gold, the dollar will become extremely vulnerable:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/31_D…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
US Mint Sales: Silver Coins and Sets Move Quickly
October 31, 2013 by goldguru · Leave a Comment
Silver coins and sets were big shakers for the second week in a row, per the United Sates Mint latest sales stats. 2013-W Proof Silver Eagles maintained a quick pace along with 2013 Silver Proof Sets, while the 2013 American Silver Eagle West Point Two-Coin Set made headlines over the weekend when its ending sales […]
Related posts:
- Silver Coins and Sets Poised for US Mint Price Hikes
- US Mint Sales: Silver Proof Sets and Coins Mixed
- US Mint Sales: Silver Proof Sets Spike, Eagle Coins Take Off
Next Page »