Gold, Silver, Metal Prices: Commentary – 10/30/2009
October 30, 2009 by goldguru · Leave a Comment
GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]
Girl Scout Commemorative Coin Act is Law
October 30, 2009 by goldguru · Leave a Comment
President Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA). The coins will be minted and sold in 2013, marking [...]
Gold, Silver and US Stocks Rally
October 30, 2009 by goldguru · Leave a Comment
Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day [...]
2009 American Buffalo Gold Proof Coin Launches with Little Issues
October 30, 2009 by goldguru · Leave a Comment
Today at noon ET the United States Mint began selling the 2009 American Buffalo Gold Proof Coin for $1,360.00, as it announced on Oct. 22. The one-ounce .9999 fine (24 karat) gold coin is expected to draw significant attention. The US Mint handled early demand in improved fashion compared to the collector blitz and resulting [...]
Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story
October 30, 2009 by goldguru · Leave a Comment
Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]
American Gold Bullion
October 30, 2009 by goldguru · Leave a Comment
Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]
Property Developers and Road Contractors Benefit from PolyCom Stabilising Aid
October 30, 2009 by goldguru · Leave a Comment
PolyCom treated water is of great benefit during the initial phase of construction projects. Mine developers, civil roadworks contractors and subdivision specialists benefit from reduced water use and the ability to improve sub-standard soils to make sub-grade improvements. PolyCom enables the use of most materials usually cut to spoil by improving workability of difficult to [...]
New thinking needed on Eskom electricity tariff – Harmony
October 30, 2009 by goldguru · Leave a Comment
South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa’s third-largest gold-mining company said that increasing the electricity tariffs by [...]
Rio Tinto doubles 2010 capex to at least $5bn
October 30, 2009 by goldguru · Leave a Comment
Global diversified miner Rio Tinto has doubled its planned capital expenditure (capex) for 2010 from the previously anticipated $2,5-billion to between $5-billion and $6-billion. The miner had previously expected to reduce its capex to a sustaining level of $2,5-billion, but said on Friday that it would now spend at least $5-billion in capex in 2010, [...]
Sentula terminates R686m Koornfontein sales agreement
October 30, 2009 by goldguru · Leave a Comment
JSE-listed Sentula Mining has advised its shareholders that the contemplated R686-million sale of its 49,9% interest in the Koornfontein coal mine, in Mpumalanga, would no longer take place. In a statement released on Friday, Sentula reported that notwithstanding the successful conclusion of the due diligence investigation carried out by the potential purchases, the company has [...]