Monday, August 15, 2016

Gold, Silver, Metal Prices: Commentary – 10/30/2009

October 30, 2009 by · 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 [...]

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

October 30, 2009 by · 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 [...]

Harmony’s first-quarter gold output up 6%

October 30, 2009 by · Leave a Comment 

South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure some of its lowest-grade, highest-cost operations as a result of the strengthening rand. Both the underground [...]

Codelco 9-month copper production jumps 16%

October 30, 2009 by · Leave a Comment 

Net profit for the period declined to less than half the amount recorded for the same period a year earlier Read more….

Heritage Auctions Realizes $8.7 Million in Dallas U.S. Coin Auction

October 29, 2009 by · Leave a Comment 

1879 Flowing Hair stella leads the way with $161,000; strong prices signal optimism in the market DALLAS, TX — With a sell-through rate of 90% by lot and 88% by dollar value, and almost 3300 bidders, Heritage Auctions’ Oct. 23-24 Dallas Signature® U.S. Coin Auction soared to $8.7 million total. All prices include a 15% [...]

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

October 29, 2009 by · Leave a Comment 

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 [...]

Record gold production announced by Medusa Mining

October 29, 2009 by · Leave a Comment 

Australian firm Medusa Mining has announced record quarterly gold production for the three months to September. The company – which operates solely in the Philippines – reported gold output of 18,054 ounces at its main Co-O mine for the quarter, compared with production of 16,009 ounces in the previous three months.The news feeds on this [...]

Lundin Mining earned $3,7m in Q3

October 29, 2009 by · Leave a Comment 

Toronto-based Lundin Mining on Thursday posted net income for the third quarter of $3,7-million, compared with a $199-million net loss a year earlier. The company recorded a large writedown in the third quarter of 2008. Read more….

Buy Gold Bullion

October 28, 2009 by · Leave a Comment 

When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]

Nepalese gold investment ‘rising’

October 27, 2009 by · Leave a Comment 

Investment in gold is on the rise in Nepal as it is regarded as a hedge against inflation, according to the president of the Nepal Gold and Silver Dealers Association. Speaking to My Republica, Ratna Shakya commented that gold imports to the country this year are expected to exceed the 5,000kg recorded in the 2008-09 [...]

Next Page »