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, [...]

Maple Leaf Gold Bullion

The pride of Canadian coinage is the Maple Leaf gold bullion coin. The Royal Canadian Mint (RCM) proudly produces these strikingly beautiful, one-ounce 24-Karat gold coins, and the Ottawa-based refinery and mint was the first in the world to offer 24-Karat bullion to the world in 1979. It wasn’t until 1982 however, that these modern [...]

Canadian gold miners expected to present robust Q3 results

The higher gold price couples with an easing of cost pressures is likely to see Canada’s gold miners presenting strong Q3 figures. Read more….

Gold’s New Ally

The Daily Reckoning If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The [...]

West African Diamonds’ Guinea mine to reach full output by end-’09

Aim-listed diamond explorer West African Diamonds plans to grow by mergers and acquisitions and said it expects its Bomboko mine in Guinea to reach full capacity by year-end. The company said on Wednesday that monthly carat production at Bomboko was expected to rise to more than 2 000 ct/m once full capacity was reached, providing [...]

Australia’s Bass to build new base metals mine in Tasmania

Sydney-based Bass Metals on Wednesday reported that it was on track to kick-start the development of its Hellyer base metals project, in Tasmania, after a definitive feasibility study at the Fossey deposit proved it to be financially robust. The project was based on an initial ore production of 851 000 t over two to three [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

Boomers Have Their Backs Against the Wall

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

US Mint 2009 Lincoln Coin and Chronicles Set Launches at Noon ET

An objective of many coin collectors today will be to fight through the expected wait lines to acquire the US Mint’s 2009 Lincoln Coin and Chronicles Set. It launches at noon Eastern Time for the price of $55.95. As the Mint announced in Sept., there is a one order limit per household in affect, with [...]

Sentula unveils plan to sell Koornfontein for R686m

JSE-listed Sentula Mining’s share price rose sharply in early morning trade on Monday, after the company announced plans to sell its 49,9% stake in the Koornfontein coal mine, in Mpumalanga province, for R686-million in cash, as part of a recapitalisation process. The fraud-hit company, which had also seen a drop in earnings as a result [...]

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