Lincoln Chronicles Sets Explode and Sell Out

The US Mint’s 2009 Lincoln Coin and Chronicles Set went on sale at noon on Thursday, Oct. 15. Within five hours, a total of 29,919 were grabbed by coin collectors. By the following day and before 6:00 p.m. ET, the Mint sold its entire inventory of 50,000. As of this writing, the Mint is only [...]

2009 Gold Buffalo Bullion Coin Sales Blistering

Demand for newly issued 2009 Gold Buffalo Bullion Coins is proving to be exceptionally hot. From their release on Thursday through to Monday, 71,500 of the one-ounce, 24 karat gold coins have been sold by the US Mint. That represents nearly 42 percent of the total sold in all of 2008. In contrast, the one-ounce [...]

ABB to supply mill drive systems for Copper Mountain project

Variable speed drives for a SAG mill and two ball mills are being supplied by ABB for the Copper Mountain porphyry copper mining project in British Columbia Read more….

A Deflation Story

The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]

Capital Gold Group Report: $100 BILLION IN BANK FAILURES COMING; FDIC FUND STANDS AT $10.4 BILLION AS OF JUNE ’09

FDIC says bank failures to cost around $100B By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – 2 hrs 10 mins ago WASHINGTON – Regulators expect the cost of bank failures to grow to about $100 billion over the next four years — up from an earlier estimate of $70 billion. Faced with that sobering news, [...]

$100 BILLION IN BANK FAILURES COMING; FDIC FUND STANDS AT $10.4 BILLION AS OF JUNE ’09

FDIC says bank failures to cost around $100B By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – 2 hrs 10 mins ago WASHINGTON – Regulators expect the cost of bank failures to grow to about $100 billion over the next four years — up from an earlier estimate of $70 billion. Faced with that sobering news, [...]

95th US BANK FAILURE IN ’09; ANALYSTS WARN FDIC FUND COULD BE IN RED BY 2010

By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – Fri Sep 25, 5:39 pm ET WASHINGTON – Regulators on Friday shut down Atlanta-based Georgian Bank, the 95th U.S. bank to fail this year as loan defaults rise in the worst financial climate in decades. In coming months, more banks are expected to buckle under the weight [...]

ABB wins big contract for Vale iron ore pellet plant in Oman

Global power company ABB, which operates in more than 100 countries, has won a $62 million contract for electrical gear for Vale’s big Oman Industrial complex iron ore pellet plant. Read more….