Gold Seeker Weekly Wrap-Up: Gold Ends the Week at a New Record High
July 31, 2011 by goldguru · Leave a Comment
Gold rose to a new record high of $1632.67 by about 9:30AM EST before it pared its advance a bit in late morning trade, but it still ended with a gain of 0.92%. Silver climbed to as high as $40.371 before it also fell back off, but it still ended with a gain of 0.65%.
Collahuasi copper mine back to normal – strike has little effect
July 31, 2011 by goldguru · Leave a Comment
According to the mine operator, operations at Collahuasi were back to nor mal Sunday after a 24-hour walkout by some union members, but Escondida workers still out.
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Sell U.S. gold reserves to pay bills: gold to reach $16,000 by 2020 – NIA
July 31, 2011 by goldguru · Leave a Comment
Pressure group presents damning indictment of U.S. political system vis-a-vis debt ceiling impasse, advocates selling U.S. gold reserves to mitigate debt – if they exist – and sees gold hitting $16,000 or higher by end of decade.
Chile copper strike spreads – now Collahuasi workers down tools
July 31, 2011 by goldguru · Leave a Comment
Workers at the world’s third largest copper mine, Collahuasi have joined those at no.1 copper mine, Escondida, and come out on strike
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Bonus blackmail at world’s top copper mine could see strike escalate
July 31, 2011 by goldguru · Leave a Comment
BHP’s failure to agree to an $11,000 bonus demand at the Escondida copper mine in Chile could see the current strike there continue and escalate
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U.S. debt ceiling crisis only a minor player in gold and silver prices
July 31, 2011 by goldguru · Leave a Comment
The media is abuzz with the U.S. debt ceiling political imbroglio, but its true effect on gold and silver prices is only marginal at best.
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Gold cornerstone for wealth preservation – dollar will fail! – Jay Taylor
July 31, 2011 by goldguru · Leave a Comment
All fiat currencies fail, says Jay Taylor. That’s why he calls gold and silver the only true currencies and key to wealth preservation. Gold Report interview
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Chalice Gold, Eritrea sign $32 mn agreement on Zara gold project
July 31, 2011 by goldguru · Leave a Comment
For junior Chalice Gold Mines a significant pay-day is now within its sights, as it and the Eritrean government sign a shareholder agreement over the Zara gold project.
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Formation shares jump on $80M loan from BNP Paribas for Idaho cobalt project
July 31, 2011 by goldguru · Leave a Comment
The stars continue to align for Formation Metals with BNP Paribas committing to an loan agreement that brings an Idaho cobalt mine closer to reality.
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Another new gold record, SPDR Gold Trust holdings at 6-month high
July 31, 2011 by goldguru · Leave a Comment
Weak US economic data suggesting QE3 more likely coupled with continuing pressure on struggling Eurozone economies and the U.S. debt ceiling impasse all combined to push spot gold to a new intraday record
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