US Mint Sales: Bullion Robust, Collector Coins Retreat

US Mint collector coins moved like molasses when compared to sales figures of two weeks ago. But bullion coins — especially gold — still had a little swagger in their step. October will be a robust month for American Eagles and American Buffalos. These and other highlights follow: UHR Double Eagles took a significant hit, [...]

Gold Drops for Fourth Day, Silver Plunges, Stocks Mixed

New York gold futures ended lower Tuesday for the fourth straight day as the US dollar advanced on news of a decline in consumer confidence. Silver was hit exceptionally hard for the second straight day, falling more than 3 percent. Platinum declined as well. In other markets, crude oil finished 1 percent higher and US [...]

Commodities and Stocks: Ready to Bounce or Rally?

Chris Vermeulen submits: Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%. Using technical analysis and inter-market analysis, we can see that the market is reaching extreme lows and this usually means we are [...]

Some Ironic Possibilities for the British Pound

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Gold American Eagle Bullion

Many short-term investors prefer the liquidity of gold American Eagle bullion, since our government backs these modern coins for weight, and precious metal content. These 22-karat coins contain a full Troy ounce of pure gold, and their obverse design is among the most exquisite in existence. The obverse design on gold American Eagle bullion coins [...]

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

‘Very significant’ rerating chance for SA gold miners – Gold Fields

A "very significant" rerating opportunity existed for South African gold producers, Gold Fields CEO Nick Holland said on Thursday. Holland said that the large gap that had existed between the market capitalisations of South African gold-mining stocks and those of far smaller international gold-mining companies had been closed in the past and, with proper management, [...]

BHP may seek more JVs, warns on sluggish recovery

Miner BHP Billiton is considering more joint ventures like its 50:50 iron-ore deal with Rio Tinto as it seeks to increase production while keeping costs under control. BHP’s stance as the world’s biggest mining company means takeovers would be rare since it is only seeking huge assets, CE Marius Kloppers told the group’s annual meeting [...]

Rand strong for next 12-18 months – Gold Fields

South Africa’s second-largest gold producer, Gold Fields, said on Thursday that it expected the rand to remain strong for the next 12 to 18 months. "We’ve made peace with the rand being where it is and we are structuring our business around current levels," Gold Fields CEO Nick Holland said. He said that Gold Fields [...]

Gold Fields hoping to build second Andes gold mine

South Africa’s second-largest gold-miner Gold Fields may build another gold mine in the Andes, this time 5 000 m up. The Chucapaca, in southern Peru, is at an advanced stage of drilling and Gold Fields hopes to have a scoping study out by June 2010. Gold Fields earlier this year fully commissioned its Cerro Corona [...]

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