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- Huldra to Start Mining Treasure Stope Next Week
- Pan American Silver Falls to Levels Below Book Value
- An Ending Made For Gold
- Surprise Strength in Gold
- Gold Chart and Comments
- Inspiring Address by Ronald Reagan (1964)
- gold hits record high (india)
- Greg Hunter talks with Max keiser
- Silver Collateral Damage in Oil War Between Washington & Moscow?
- Goyette: US debt is too big for financial repression
- S&T: Sinclair, Hammer Ready, & Chart Analysis
- Altria: This One's Smoking
- USCF Launches Broad, Futures-Based Metals ETF
- US debt is too big for financial repression – Charles Goyette and Alasdair Macleod
- Gold : Use Seasonal Price Trends to your Advantage
- Why Is It So Difficult To Make Money In Gold & Silver Mining Stocks?
- Gold edges higher but ends week off nearly 4%
- Nigel Farage – Europe is About to Impose Extreme Repression
- In India gold pits the people against the government
- Europe To Launch Massive Two Trillion Euro Bailout Package
- Ben Davies – Eurozone, Deleveraging & Gold to Break $6,000
- JP Morgan: Every Cloud Has a Silver Lining
- Blythe Master's Next Move – Silver Leads Again
- U.S. Mint Bullion Coin Sales Up Amid Dip
- Silver: Physical Beats Paper
- MartialArm: Silver is About to Go Though a Massive Shift
| Huldra to Start Mining Treasure Stope Next Week Posted: 24 Jun 2012 04:40 AM PDT
HULDRA SILVER PROVIDES PROGRESS UPDATE ON TREASURE MOUNTAIN AND THE MERRITT MILL Huldra Silver Inc. has released a progress update on the mining operations at its 100-per-cent-owned Treasure Mountain property and an update on the construction of its 200-tonne-per-day mill in Merritt, B.C. The first underground stope mining commenced in November, 2011, and has been mined over a length of 75 metres and a height of 55 metres, with an average width of 1.5 metres. An additional stope at the eastern end of level 1 of the mine, with a length of 65 metres, a height of 55 metres and an anticipated mining width of 1.5 to 1.8 metres, is fully developed and mining should begin in the next week once the ventilation system is complete. It is anticipated that it will take approximately eight weeks to mine the eastern stope. Engineering work is being completed for the design of the crown pillar removal and backfilling of the first two stopes. Once this work is complete, the first two developed stopes will be drawn down and the remaining mill feed will be transported to the mill site. This will allow for the mining of a third developed stope between the first two stopes. The third stope has a length of 65 metres and a height of 55 metres. The estimated tonnage of mill feed from the three stopes is 55,000 tonnes. The vein drift on level 1 has been extended approximately 20 metres farther to the east following the vein structure for exploration purposes. All samples are delivered by truck to Acme Analytical Laboratories' facility in Vancouver, B.C., for analysis and will be published once received. With underground development substantially complete on level 1, crews will begin exploration development on level 2 of the mine in July, which will include vein drifts and crosscuts. Once the drifts are complete, exploration and development raises will be installed between levels 1 and 2. Construction of the 200-tonne-per-day mill in Merritt is scheduled to be completed by the end of July. All major structures and equipment are in place. Technical information in this news release has been reviewed and approved by Al Beaton, PEng, a qualified person as defined in National Instrument 43-101. We seek Safe Harbor.
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| Pan American Silver Falls to Levels Below Book Value Posted: 24 Jun 2012 04:17 AM PDT
from forbes.com: In trading on Friday, shares of Pan American Silver Corp. (Toronto: PAA) crossed below their last reported book value — defined as common shareholder equity per share — of $17.83, changing hands as low as $17.70 per share. Pan American Silver Corp. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of PAA shares, versus its 50 and 200 day moving averages… Keep on reading @ forbes.com |
| Posted: 24 Jun 2012 04:02 AM PDT
from usfunds.com: Over the past several months, the markets have tested investors' conviction to gold. Since February, the price of the yellow metal has steadily stepped lower, rallying somewhat in May before falling again when Ben Bernanke disappointed by not providing the U.S. with more stimulus. Meanwhile, the dollar gained ground as global investors fled the euro. n the ongoing eurocrisis, we won't know the details of how Europe will clean up its debt mess for a while, but we're pretty confident the story ends well for gold. In one possible outcome presented by Bank of America-Merrill Lynch, austerity is "not the answer on its own" when it comes to restoring confidence in fiscal policies. Take a look at the levels of household and bank debt in the U.S. compared to Europe. Over the past few years, debt in the U.S. has decreased as the private sector has delevered. Keep on reading @ usfunds.com |
| Posted: 24 Jun 2012 03:50 AM PDT
from news.goldseek.com: "GOLD PRICE PLUMMETS" is the obvious headline right now. But fact is, the gold price has in truth been surprisingly strong so far this year. First up, the US gold futures and options market. These contracts rarely run to physical settlement, but still they wag the dog of physical prices near-term. Because the price of gold for future delivery of course affects how much people ask or bid for metal today. That future price, whether being set by hedge funds or chased by doctors and dentists (private traders risk getting "filled and drilled" by retail brokers, or so goes the joke), is bet on with borrowed money. So credit is a big factor. And credit has vanished since last summer's big peak in the gold price, just as did when Lehmans collapsed. Keep on reading @ news.goldseek.com |
| Posted: 24 Jun 2012 03:41 AM PDT
from traderdannorcini.blogspot.com: Gold did not have a good week ending down $61 or 3.7% from the prior week's closing print. As we all know by now, disappointment by bulls who had bought out ahead of the FOMC meeting and statement, was quickly reflected in the initial drop lower when the statement hit the wires. However, during that same day, there was a reconsideration after parsing the statement and the price rebounded taking back most of the losses. After further reflection overnight, the sentiment once again soured and down it went plunging through $1600 in the process and closing near the low of the week and the session. Quite frankly, until traders become convinced that some sort of policy move by Central Bank Planners which will stem the downward economic spiral is forthcoming, they are not going to buy. It will be up to the big physical market buyers, mainly the Asian Central Banks, who are valued based buyers, to put a floor under the gold market. Keep on reading @ traderdannorcini.blogspot.com |
| Inspiring Address by Ronald Reagan (1964) Posted: 24 Jun 2012 02:46 AM PDT First in a series. One of the finest speeches by "The Gipper," Ronald Wilson Reagan. From October, 1964. So many memorable and important lines in this speech. Below are a few. "I've spent most of my life as a democrat. I have recently seen fit to follow another course." "We have $15 billion of gold in our treasury. We don't own an ounce. Foreign dollar claims on our treasury are 23.7 billion dollars."
Video and more important quotes below.
Quotes.
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| Posted: 24 Jun 2012 02:21 AM PDT http://www.ptinews.com/news/2718766_...-at-Rs-30-750- New Delhi, Jun 19 (PTI) Gold zoomed to fresh record high of Rs 30,750 per 10 gm in the national capital on Tuesday on brisk buying by stockists and jewellers for the current wedding season and a firming global trend. Gold prices surged by Rs 325, surpassing its previous June 15 record of Rs 30,570. Silver also jumped up by Rs 800 to Rs 55,800 per kg on hectic demand by industrial units and coin makers |
| Greg Hunter talks with Max keiser Posted: 24 Jun 2012 01:16 AM PDT In this edition of the show Max interviews Greg Hunter from USAWatchdog.com. He talks about the European debt crisis and the impact of Euro collapse on US economy. Greg is the producer and creator of Greg Hunter's USAWatchdog.com. The site's slogan is "analyzing the news to give you a clear picture of what's really going on." The site will keep an eye on the government, your financial interests and cut through the media spin. from presstvglobalnews: ~TVR |
| Silver Collateral Damage in Oil War Between Washington & Moscow? Posted: 23 Jun 2012 11:35 PM PDT
from silvervigilante.com: f there are doubts to be thrown at the theory of globalization as power consolidation by few international players, which amounts to a very narrow pyramid structure for the global society with demise-of-the-state globalists running the show, Russia might be one of them. Even stalwarts of the theory of a New World Order run by corporate heads and bankers who have engineered the once-society of nations into an international society with dimming borders are perplexed at explaining Russia's place in the system. Much points to the idea that Putin is an obstacle in the way of western powers' goal of a hegemonic system spanning across the entire globe. For example, it is often publicized how Putin keeps oil magnates and titans waiting not only for meetings, but even for potential deals. According to Reuters, Putin recently left global oil executives waiting, thus leaving "little doubt as to who was the master of the world's largest energy reserves." According to Reuters: "But the chief executives of BP, ConocoPhillips , Shell and Chevron stood with a dozen colleagues in a dark, chairless foyer, shifting from foot to foot on Thursday as they waited three hours for an audience." Perhaps, low oil prices are western oil tycoons way of demonstrating who, truly, is in control – or maybe they're bluffing. Like nearly all major commodities, oil is a rigged game, with the price thereof regulated not overwhelmingly by supply-and-demand, but, instead, by the futures market. As is well documented, the oil industry has virtually been taken over by western interests, starting with Rockefeller and Standard Oil in the nineteenth century. Again, Russia is a puzzle piece which begs explanation, though the takeover of Russia at the beginning of the twentieth century leading into the Soviet Union does suggest a history of western financial control of Russia. Nonetheless, falling oil prices are a threat to Russian power, according to western sources. Russia propaganda maintains that declining prices are a good thing for the nation. It has on the other hand been reported that a Russian plan to set aside 800 billion rubles ($24 billion) for an anti-crisis mechanism has been delayed as oil prices remain weak: "We intended that this money go toward increasing the Reserve Fund, but as oil prices are diminishing, this is not likely to happen," Anton Siluanov told reporters in St. Petersburg. He also said that if oil falls below $80 a barrel, then the nation will introduce "anti-crisis measures." Keep on reading @ silvervigilante.com |
| Goyette: US debt is too big for financial repression Posted: 23 Jun 2012 11:34 PM PDT Goyette states that members of the Fed are increasingly realising that their idea of managing the economy does not work and that they have magnified problems rather than solving them. The Fed created trillions of new dollars by buying up toxic debt and it's absurd to think that these measures will be without consequences. from goldmoneynews: They point out that money printing is hurting savings, which form the foundation of sustainable growth. Instead the Fed has encouraged credit-based consumption which has led to the accumulation of massive debts. The question now is in what way these debts will be defaulted on, as there is no way of paying them off. Goyette advocates confronting reality sooner rather than later. In any case the value of the dollar will suffer as a consequence. Both men agree that financial repression is simply not sufficient to get rid of the $120 trillion of US debt. Goyette says that Americans should look to the crisis in Europe as demonstrating that the problem is always bigger than the conventional wisdom acknowledges, and that the solutions favoured by governments are insufficient. This podcast was recorded on June 20 2012. ~TVR |
| S&T: Sinclair, Hammer Ready, & Chart Analysis Posted: 23 Jun 2012 11:32 PM PDT V: Enjoy this Sunday trifecta from Mr. S&T where he discusses Jim Sinclair, another Lehman moment at the doorstep, and ElliotWave technicals. This is a clarification video where I express my thought son the integrity of Jim Sinclair, his position with the Hunt Brother's and what he means to the communiity. If anyone ever loses money on a financial "bet" it is nobody's fault because it is the investor's business to research and not be caught flat footed. Those who offer any financial security or investment are entitled to full compensation for their investment. from mrthriveandsurvive: Jim Sinclair – Integrity At it's Best There are a number of events which could trigger the immenent next leg down. The "Lehman" experience as far as panic levels look about ready to repeat themselves. The USD and US Treasuriess now look as bullish as they have since 2008. Why? The Hammer Appears Ready to Fire According to the charts of the US Dollar and treasuries, there is about to be another great flight t safety into both of these instruments. The big question is what will be THE event or will it be a conglomeration of many events. In any case, it looks like htis could be the last week where we might have ot guess what "The" event(s) will be. The Next Lehman At The Door? – Yes Say Charts ~TVR |
| Posted: 23 Jun 2012 11:23 PM PDT By Muhammad Bazil: Positive Earnings Altria (MO) one of the world's largest tobacco sellers ended its first quarter of 2012 on a positive note. With earnings near 49 cents per share, surpassing the previous year by 11.4 percent, or 44 cents per share. Overall, revenues for the company totaled $5.65 billion which was ahead of an estimate of $4 billion. Business segments of the company performed well including smokeable products which saw net revenues up .1 percent to $3.5 billion to the previous year. Smokeless products which include chewing tobacco also saw revenue gains up .3 percent to $380 million. For cost savings, the company began a billion dollar cost reduction plan for tobacco subsidiaries amid an expected decline in American cigarette volume. The program is expected to save nearly $400 million by the end of the next fiscal year 2013. The company also performed a buyback of 9.9 million shares of common Complete Story » |
| USCF Launches Broad, Futures-Based Metals ETF Posted: 23 Jun 2012 11:17 PM PDT By Hard Assets Investor: A new futures-based metals fund gives investors a new way to access the global development story. United States Commodity Funds, the Alameda, Calif.-based firm behind the $1.19 billion U.S. Oil Fund (NYSEArca: USO), today launched the first broad futures-based metals fund that holds everything from gold to industrial metals such as copper or lead. The United States Metals Fund (NYSEArca: USMI), which comes with an all-in annual cost of about 0.90 percent, is breaking new ground in combining precious metals and industrial metals into one security that's futures-based. Its management fee is 70 basis points, while trading commissions will max out at 5 basis points and "other" expenses won't exceed 15 basis points, the company said. To date, most metals ETFs have been physical funds and focused on precious metals. iPath, the ETN provided backed by Barclays Plc, offers a slew of individual metals ETNs, and a pair of broader Complete Story » |
| US debt is too big for financial repression – Charles Goyette and Alasdair Macleod Posted: 23 Jun 2012 10:30 PM PDT Bestselling author of The Dollar Meltdown and Red and Blue and Broke All Over, Charles Goyette, talks to the GoldMoney Foundation's Alasdair Macleod. Goyette states that members of the Fed are ... This posting includes an audio/video/photo media file: Download Now |
| Gold : Use Seasonal Price Trends to your Advantage Posted: 23 Jun 2012 05:00 PM PDT |
| Why Is It So Difficult To Make Money In Gold & Silver Mining Stocks? Posted: 23 Jun 2012 05:00 PM PDT |
| Gold edges higher but ends week off nearly 4% Posted: 23 Jun 2012 03:25 PM PDT
from marketwatch.com: Gold for August delivery GCQ2 +0.49% added $1.50, or 0.1%, to settle at $1,566.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold has seen weekly losses for two of the past five-day periods. The 3.8% decline was the worst weekly result since mid-December. Silver's drop, however, made gold's decline look like a sneeze. Silver settled at its lowest since November 2010, amassing losses of 7.2% on the week. Analysts at VTB Capital said in a note to clients the ratio between gold and silver was at a level last seen in October 2010. Gold spent most of the day swerving between small gains and losses, following a drop of $50.30, or 3.1%, on Thursday — its sharpest decrease since early April on a number of mostly negative macroeconomic global data and a hangover from disappointment with the U.S. Federal Reserve action earlier in the week. Keep on reading @ marketwatch.com |
| Nigel Farage – Europe is About to Impose Extreme Repression Posted: 23 Jun 2012 03:06 PM PDT
from kingworldnews.com: On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis. Farage told KWN that "What you may see is a very desperate European Union begin to put in place capital controls and things like this … In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression." Farage also discussed the action in the gold market, but first, here is what Farage had to say about the crucial meeting in Europe next week: "I would be very, very surprised at that big summit next week, which incidentally I have a ticket to, not that I'll be the most popular person in the building, but I just don't think there is going to be an agreement of any great significance next week. I just don't see it happening." Nigel Farage continues: "I hold to the theory that at some point in time, the markets are just going to overwhelm all of this, and then we will face the IMF global bailout situation. It would be better to admit we've made a terrible mistake and take losses on the money we've already foolishly thrown in and say, 'Let's start again boys.' Keep on reading @ kingworldnews.com |
| In India gold pits the people against the government Posted: 23 Jun 2012 02:48 PM PDT
from gata.org: "An inch of time is an inch of gold, but you can't buy that inch of time with an inch of gold." Is this Chinese proverb proving correct in the case of Indians who invest in the yellow metal for good times tomorrow? Or is the craze for the glittering object really ruining the country's economy? Time and again the Indian government, economists, and experts have ridiculed the people's obsession with gold and pointed out the need to curtail imports of the yellow metal to reduce the nation's trade deficit. Indians have an irresistible temptation to buy gold — either as ornaments or as investment. Their obsession with the gold jewelry has roots in their culture, tradition, and in the economic realities in the rural and grassroots levels of society. As an investment, gold has been an easier bet to hedge against inflation and other risks. Indians have been buying and trading in gold since time immemorial, and they continue to buy even now, when it is more expensive than ever. Keep on reading @ gata.org |
| Europe To Launch Massive Two Trillion Euro Bailout Package Posted: 23 Jun 2012 02:30 PM PDT
from kingworldnews.com: With tremendous volatility in global markets, today King World News interviewed one of the savviest guys in the business, Jeffrey Saut, Chief Investment Strategist for Raymond James. Saut surprised KWN by saying that Europe is about to launch "a two trillion euro bailout package." He also stated that this "puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher." Saut also discussed gold, but first, here is what he had to say about the crisis in Europe: "Having worked inside the Washington DC beltway, I have a pretty good working knowledge of politicians, bureaucrats and bankers. They are the same in Europe as they are in this country. They do not want to lose their power, and if the EU busts apart, they all lose their power." Jeffrey Saut continues: "So I have been saying they are going to paper over this thing in order to try to buy time, just like we did with our financial fiasco. That said, I could see a scenario whereby they let Greece and Portugal opt out, and it actually improves the strength of the EU. If it's good for the EU, it's good for the rest of the world too. Keep on reading @ kingworldnews.com |
| Ben Davies – Eurozone, Deleveraging & Gold to Break $6,000 Posted: 23 Jun 2012 02:24 PM PDT
from kingworldnews.com: With tremendous volatility in global markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital. Davies told KWN, "it would have been lovely to have had an extreme event happen so that we get to the end of this process." Here is what Davies had to say about what is taking place: "I think the mini-boom that we had in the nominal gold price, up to $1,900, we've been working off that mini-excess sideways. The disinflationary pressures from this concept of credit dying is worrying, and I think it weighs on all assets prices. But gold is doing what it should be doing." Ben Davies continues: "If you look at it on a relative basis, gold has maintained its purchasing power. It's done exactly what it should be doing. Short-term I am concerned that we could be going down to $1,400? Yes, that's a real risk in this environment. Keep on reading @ kingworldnews.com |
| JP Morgan: Every Cloud Has a Silver Lining Posted: 23 Jun 2012 02:11 PM PDT
from community.nasdaq.com: Jamie Dimon, the CEO of JP Morgan Chase was recently called to testify on Capitol Hill regarding a declared $2 Billion loss on a "hedge" placed by a trader in London. Congress's favorite Wall Street banker was given an easy ride by the Senators, but details of the loss tarnished the "squeaky clean" reputation of JP Morgan for many people. This is something potential silver investors should take note of. There have long been rumors in the market that JP Morgan had a huge short position in silver. Many people believed that they were doing everything in their power to keep the price down to protect their position. Simply Google "JP Morgan + silver" for thousands of results. Those who denied this persistent rumor pointed to the reputation of the firm as more conservative and better behaved than the other Wall Street banks. We all know how that has played out. Keep on reading @ community.nasdaq.com |
| Blythe Master's Next Move – Silver Leads Again Posted: 23 Jun 2012 02:00 PM PDT
from safehaven.com: We have seen hundreds of articles in the last couple of weeks that the bottom is in for the PMs and they are about to go upward and onward… Not so, I have been telling everyone for months that prices are headed down, down, down. But down is a very good thing for us who are in the physical scene because we can add far more ounces to our stash for the same fiat money number we have sitting on the sidelines. What we see today is a complete change in method by JP Morgan to drop the silver price below $27 to find a new bottom to generate paper long interest in the white metal. Keep on reading @ safehaven.com |
| U.S. Mint Bullion Coin Sales Up Amid Dip Posted: 23 Jun 2012 01:56 PM PDT
from silvervigilante.com: Demonstrating the sensitivity of the retail precious metals buyer to price, U.S. Mint coin sales were up as a result of the end of the week dip in gold and silver prices. Distributors stocked up this week as their supplies from the previous week dried up quicker than expected. U.S. Mint bullion coin orders on Thursday & Friday doubled the amount taken in the previous three. Gold coins were up more than 10,000 units, up to 24,000 troy ounces from 14,500 from the previous week. Keep on reading @ silvervigilante.com |
| Posted: 23 Jun 2012 01:54 PM PDT |
| MartialArm: Silver is About to Go Though a Massive Shift Posted: 23 Jun 2012 01:44 PM PDT Are you ready for this economic crisis and social collapse? from martialarm: ~TVR |
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