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- Computers have taken over the stock market — how about gold?
- Bullion Investment is Still as Good as Gold
- Commodity Chart Of The Day: Platinum
- Alcoa Kicks Off Earnings Season
- Corvus Gold is Firing on All Cylinders
- First Majestic Produces a Record 2.44 Million Silver Equivalent Oz in Q3 2012
- POSSIBLE PROFIT-TAKING EVENT IN PROGRESS
- Tom Cloud: When is a Kangaroo Better Than an Eagle?
- Silver Prices Give Shiny Future to this Mining Stock
- Printing Money – Price of Gold – Preservation of Wealth
- America Wages Financial War on Europe
- World’s Richest Man Carlos Slim Bets on Mexican Gold Mining
- Gold Can Save Us From Disaster
- COMEX Selling Stymies Gold’s Advance
- Steve Forbes: Gold Can Save Us From Disaster
- In The News Today – October 10, 2012
- Is Silver Still a Monetary Metal? Perhaps Not, But is That Even Relevant?
- More Incredibly Important Developments In Both Gold & Silver
- Rule: We Have Tight Gold Supplies & Future Supply Constraints
- Gold, Silver & The Smart Move By The Chinese In Commodities
- Bill Gross Says Gold Will Thrive in ‘Ring of Fire’
- The Line of Scrimmage
- Silvertowne Assaying
- Jim Sinclair and grams/troy ounce
- Gold Prices Slip but IMF Warns Euro-Zone Capital Flight
- Understanding Silver Price Manipulation
| Computers have taken over the stock market — how about gold? Posted: 10 Oct 2012 01:39 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bullion Investment is Still as Good as Gold Posted: 10 Oct 2012 12:12 PM PDT Gold is going to benefit from a further move of real interest rates into negative territory. There is a long-standing inverse correlation between real interest rates and the price of gold. The Fed has clearly signaled that it will take its eye off its 2% inflation target.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commodity Chart Of The Day: Platinum Posted: 10 Oct 2012 11:08 AM PDT By Matthew Bradbard: Commodity Chart Of The Day Daily Platinum (click image to enlarge) Perhaps this is off the beaten path a little, as gold and silver are more followed by metal traders, but I do follow platinum, palladium and copper. There appears to be stiff resistance in the January contract, just above $1720. Prices have started to roll over, losing ground the last four sessions. Prices are down roughly $40 in that time frame but, in my eyes, the trade is just getting started. As a whole, my feeling is the entire metals complex could work lower in the coming weeks. My suggestion is to use the Fibonacci levels on the chart above as your targets. The contract size on the CME is 50 ounces, which means every $1 move in the futures represents $50. Risk to reward, this trade looks sound, as a new high is ballpark $2,000 of risk, while Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Alcoa Kicks Off Earnings Season Posted: 10 Oct 2012 10:20 AM PDT By David Silver: Earnings season unofficially began yesterday with the former bellwether Alcoa (AA) reporting third quarter earnings results after the closing bell. The results beat the Street's expectations on both the top and bottom lines. The company had a third-quarter net loss of $143 million, or $0.13 per share, compared with net income of $172 million, or $0.15, a year earlier. Excluding costs related to some domestic environmental remediation and an international legal settlement, Alcoa earned $0.03 per share. Total revenues declined to $5.83 billion from $6.42 billion during Q3 last year, but beat Wall Street's average estimate of $5.54 billion in sales.
The results beat the Street, but they are not the big issue with Alcoa these days, it is management's expectations for a few items that the Street then tries to extrapolate to other companies and Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corvus Gold is Firing on All Cylinders Posted: 10 Oct 2012 09:39 AM PDT An update on Corvus Gold with Corvus founder and CEO Jeff Pontius.
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| First Majestic Produces a Record 2.44 Million Silver Equivalent Oz in Q3 2012 Posted: 10 Oct 2012 09:35 AM PDT First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce that total production at its four operating mines in Mexico for the third quarter ending September 30, 2012, reached 2,438,085 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2011. Total silver production for the quarter consisted of 2,205,237 ounces of silver, representing a 29% increase compared to the same quarter in 2011. In addition, 3,307,944 pounds of lead and 844,953 pounds of zinc were produced representing increases of 75% and 100%, respectively, compared to the same quarter in the previous year. Also, 1,537 ounces of gold was produced, representing an increase of 276% compared to the third quarter of 2011. Keith Neumeyer, CEO and President of First Majestic, states, "I would like to congratulate the entire First Majestic team for their efforts at reaching the milestone of producing over 2 million ounces of pure silver for the first time in the Company's history in a single quarter. With the additional production from La Guitarra, total silver production grew well past the 2 million ounce mark. Over the next several quarters as Del Toro begins to ramp up production and La Guitarra is further expanded, we can envision attaining the next major milestone of producing 3 million ounces of pure silver per quarter." Production Details Table:
Other Developments: Following the successful acquisition of Silvermex Resources Inc. ("Silvermex") which closed on July 3, 2012, the Company immediately established full operating control of the La Guitarra Silver Mine located in the State of Mexico. The Company's current portfolio of four producing silver mines now consists of the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine and the La Guitarra Silver Mine. The total ore processed during the quarter at the Company's four operating silver mines amounted to 666,688 tonnes milled, representing an increase of 8% over the previous quarter. The average head grade in the quarter for the four mines increased by 2% over the previous quarter to 167 g/t of silver. The combined silver recoveries increased from 59% in the second quarter to 62% in the third quarter of 2012. There are currently 17 diamond drill rigs operating at the Company's four operating mines and at the Del Toro Silver Mine. The Company completed 44,670 metres of diamond drilling in the quarter compared to 35,965 metres of diamond drilling in the second quarter 2012, representing a 24% increase over the prior quarter. The expanded exploration program consists of definition drilling to define Reserves and Resources at the Company's four operating mines, and to assist in mining activities at the Del Toro Silver Mine which is being prepared for production by the end of the year. In addition, the current drilling program will be included in an updated NI 43-101 Technical Report, as the Company's objective is to complete new Technical Reports for each of the Company's mines in 2013. The Company's underground development in the third quarter consisted of 14,595 metres compared to 13,627 metres of development in the second quarter of 2012. At the La Encantada Silver Mine:
At the La Parrilla Silver Mine:
At the San Martin Silver Mine:
At the Del Toro Silver Mine:
At the La Guitarra Silver Mine:
At the Rosario Silver Mine and other assets:
First Majestic is a silver producing company with operations focused in Mexico. The Company is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP.
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| POSSIBLE PROFIT-TAKING EVENT IN PROGRESS Posted: 10 Oct 2012 09:34 AM PDT Since the breakdown out of the bear flag on the dollar index hasn't followed through, the odds now favor that the dollar has generated an intermediate degree bottom. First off this should be a countertrend move as I think the three year cycle has already topped. Based on the intermediate cycle count in the stock market the dollar probably doesn't have more than 3-4 weeks before this rally rolls over and begins another leg down. Generally when an asset begins a bear market it will retest the 200 day moving average once or twice before the trend change is complete. With that in mind I think the dollar index will test and maybe marginally move above the 200 day moving average before resuming the secular trend.  If the dollar has generated an intermediate bottom then this should be the timing band for stocks and commodities to move down into intermediate degree corrections (considering the strength in oil, energy may decouple from this process). Keep in mind this will just be a profit-taking event. I fully expect to hear many of the perma bears jumping on the bear market bandwagon at the bottom of this correction. We are going to hear many analysts claiming that QE3 didn't work, that deflation is setting in, etc. etc. None of that will be true. This is just going to be a normal intermediate profit-taking event. They generally happen like clockwork every 20-22 weeks. Considering that the S&P is on the 18th week of its intermediate cycle, it is due for that corrective move, and now the dollar appears to be ready to cooperate by rallying out of its intermediate cycle bottom. Once this corrective move has run its course I expect we will see stocks rally, probably back to new highs. As a matter of fact I think the most likely scenario is that stocks will rally just enough to break the all-time highs, either later this winter, or sometime next spring. A move to new highs is usually what it takes to pull in every last retail investor allowing smart money to unload their shares that they have been holding for the last three years. This is how the last bull market topped also.  We took profits on our mining positions last week and put in place a strategy to allow us to weather an intermediate decline in the metals if it is now in progress, while still maintaining some exposure if the bull surprises to the upside and tests $1900 before dropping down into an intermediate correction. SMT premium newsletter. $10 one week trial.        This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tom Cloud: When is a Kangaroo Better Than an Eagle? Posted: 10 Oct 2012 08:56 AM PDT In this week's interview, gold dealer Tom Cloud of National Numismatic Associates explains why different one-ounce gold coins sometimes trade at very different prices, and how buyers can take advantage of these fluctuations. DollarCollapse: Hi again, Tom. Let's start with your take on the action in the gold market. Looks like we're seeing a bit of a correction. Tom Cloud: Our technical indicators have been pointing to a pullback before gold goes on to break $1,800. I don't think it'll take it out on the first try but it will soon. Then the next 50 or 70 dollars will come quickly. DC: That implies another couple of dollars for silver, which would also be nice. In the meantime, let's cover something that baffles a lot of small precious metals investors: Gold is gold, but when we shop for one-ounce coins we're confronted with a range of prices for Gold Eagles, Krugerrands, Maple Leafs and the others. Since they all contain the same amount of gold, and none are rare collectibles, common sense would say that they should trade at the same price. But frequently they don't. Why is that? TC: It's true that all the major one-ounce coins contain an ounce of gold. Some, like the Canadian Maple Leaf, Australian Kangaroo, and the Austrian Philharmonic are pure 24 carat gold. Gold Eagles and Krugerrands have alloys mixed in to make them more durable, so they're 22 carat gold rather than 24, and they're slightly bigger — the Krugerrand's a little thicker and the Eagle is a little wider. But they all contain one ounce of gold. The differences in market price come from the way they're sold. Countries make coins and sell them to wholesalers, who then sell to dealers. Both mark up the coins, and this combination of premiums and commissions is added to the spot price of the metal. Now, every coin has a different market, no different than anything else, based on supply and demand. Market makers might deal in four or five different types of coins, and if they're getting more orders for one than another, they'll have different bid/ask spreads. There was a major, major order recently on Gold Eagles, millions of dollars, and the wholesalers started raising their bids to buy Gold Eagles, which caused the price to go up relative to the other coins. On a smaller scale this happens all the time. I get wholesaler price sheets faxed to me every two or three days. Sometimes they'll drop their bid on a certain coin by $5 or $8 because have too many and don't want any more. Then you look at the next guy and he may be $5 or $8 higher because he needs it. DC: Does it make sense for a buyer to ask their dealer to play this market? TC: That's what a lot of my clients do. They'll call and ask if I have anything below its normal markup, and usually I do have something. Right now, for instance, Krugerrands, Kangaroos, Philharmonics and Maple Leafs are exactly the same price, while the Gold Eagle is about $20 more because other countries have dropped their premiums to match Canada's. So if you're looking for the most gold for your money, you'd buy one of the others and not Gold Eagles right now. Another interesting example is the Austrian 100 Corona, a once-ounce coin that only has .9802 of gold in it, so its price is based on that weight. It was only made in Austria from 1908 to 1915, seven years. You go to Europe today and there are firms that sell the Corona as a semi-rare coin and you can see people waiting in line to buy those coins for 8, 10, 15 percent over the amount of gold in them because they figure with them being over 100 years old and in limited supply, they'll have two values, the bullion value and the collector value. But I buy those coins directly from a major outlet in Europe and have about $160,000 of them left that I can sell to clients at 2.75% over spot. DC: Does it work the same way when a coin owner wants to sell? Generally yes. You'll sell to a wholesaler on the bid side of the spread. But if you're dealing with me I can go back to the wholesaler and let's say he's charging 3% but is willing to pay 2% [over spot]. I'll give my client all the premium I can get for them over spot [without charging a sales commission]. So in the event, if a client paid 5.5% over spot for an Eagle and can sell it back for 2% he'd only need gold to rise by 3.5% to break even.
For more information or to place an order, call 800-247-2812 or email Tom Cloud at tgcloud@bellsouth.net. Mention DollarCollapse.com for free shipping and insurance.
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| Silver Prices Give Shiny Future to this Mining Stock Posted: 10 Oct 2012 08:45 AM PDT Silver Wheaton has found its niche in silver streaming. The company provides money for capital expenditures on the front end as a project starts to develop. It then acquires rights to purchase the produced precious metals at low, fixed prices.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Printing Money – Price of Gold – Preservation of Wealth Posted: 10 Oct 2012 07:33 AM PDT from jsmineset.com: My Dear Friends, Egon has written a great piece here. I love the bullet points of an argument. It is so much better than a 5000 word tome. Keep in mind when reading this that I have given you the definition of End Game. The End Game is "the negative impact on the US dollar's international price as a product of the Fed's balance sheet now made up of a large percentage of the bank's junk paper and growing every day thanks to QE to infinity." This present manufactured reaction in gold, made up of a determined 18 days of manipulative blocking actions, will be seen in the future as a pimple on an elephant's ass. Keep on reading @ jsmineset.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| America Wages Financial War on Europe Posted: 10 Oct 2012 07:32 AM PDT from rickackerman.com: Everyone knows that a major reason for the dominant position of the USA after World War II was that Europe and Asia were left in rubble. The 8th Air Force in Europe and the 20th Air Force in the Pacific did a thorough job. "Bomber" Harris of England pitched in, and Curtis LeMay's B-29 fire bombings in Japan were so effective that Hiroshima and Nagasaki were spared so that the new atomic weapons would have pristine targets. When peace arrived in 1945, the Cold War suddenly broke out, and that took Russia, East Europe, and China out of the picture. Combined with a strong dollar that was much in demand and a matchless military, US manufacturing made the transition from war to peace and emerged stronger than ever. This enabled the post-WWII US economic boom. Keep on reading @ rickackerman.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| World’s Richest Man Carlos Slim Bets on Mexican Gold Mining Posted: 10 Oct 2012 07:28 AM PDT from mineweb.com: RENO (MINEWEB) – Little more than a month after AuRico Gold announced the Ocampo mine would lose at least 40,000 to 45,000 ounces of gold equivalent production this year and as much as 50,000 GEO in 2013; AuRico announced it would sell Ocampo and adjacent exploration properties to Carlos Slim's Minera Frisco SAB Billionaire Slim's third-largest holding, Frisco–spun off last year from his holding company Grupo Carso SAB–will acquire Ocampo, the exploration projects Venus and Los Jarros, all located in the Chihuahua State and a 50% interested in AuRico's Orion advanced development project in Nayarit State, Mexico, for a total cash consideration of $750 million. Keep on reading @ mineweb.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Can Save Us From Disaster Posted: 10 Oct 2012 07:26 AM PDT from forbes.com: A new gold standard is crucial. The disasters that the Federal Reserve and other central banks are inflicting on us with their funny-money policies are enormous and underappreciated. An unstable dollar is wreaking havoc on our capital markets, depriving us of money for productive enterprises and future enterprises while subsidizing government debt on a scale never before seen in U.S. history. The zero-interest-rate policy destroys capital by punishing savers and enabling the central bank to allocate where capital goes. By definition such central planning means subpar or negative returns. No one believes, given the finances of the U.S. government, that a ten-year Treasury bond should yield only 1.8%. Keep on reading @ forbes.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| COMEX Selling Stymies Gold’s Advance Posted: 10 Oct 2012 07:25 AM PDT from goldmoney.com: Frau Merkel's (swift) visit to Athens yesterday coincided with another weak day for the euro, which is now trading below $1.29, while yields on Spanish debt have nudged up by a couple of basis points. A new report out from the IMF has thrown yet more cold water on global growth prospects, sending the FTSE All-World index down around 0.3%. Meanwhile, gold and silver succumbed to selling pressure at the Comex, with gold dropping dipping towards $1,760 and silver down to $33.60 before recovering. Keep on reading @ goldmoney.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Steve Forbes: Gold Can Save Us From Disaster Posted: 10 Oct 2012 07:21 AM PDT from caseyresearch.com: Yesterday in Gold and Silver There wasn't big price activity in the Far East…or during the London trading day on Tuesday. Gold was up five bucks by the Hong Kong lunch hour…and was down five bucks by the 10:30 a.m. BST London a.m. gold fix. A smallish rally began from there…and that got capped shortly after the Comex open…and then a thoughtful seller showed up around 10:30 a.m. in New York…and sold gold down about fifteen bucks in less than an hour. That proved to be the low price tick of the day…$1,759.50 spot. The gold price recovered a bit from there…and that tiny rally lasted until about 12:20 p.m. before getting sold down again until 3:30 p.m in electronic trading…and then traded sideways into the 5:15 p.m. New York close. Keep on reading @ caseyresearch.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| In The News Today – October 10, 2012 Posted: 10 Oct 2012 07:19 AM PDT from jsmineset.com: My Dear Friends, This very important court decision brings up two more extremely important questions. There really is an elephant in the court room. This decision is going to have an impact. 1. Roosevelt's confiscation of gold may appear unconstitutional. Should any such thing be considered in the future there would be a significant risk of a constitutional challenge. 2. The constitutional definition of a dollar is 371 and 1/4 grams of silver or 1/15th of that number in gold. That opens the possibility of defining the dollar in value of a standard. For your information the measure of one troy ounce is 28.3495231 grams. Keep on reading @ jsmineset.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is Silver Still a Monetary Metal? Perhaps Not, But is That Even Relevant? Posted: 10 Oct 2012 07:18 AM PDT from mineweb.com: LONDON (Mineweb) – One only has to compare the charts for the two main precious metals, gold and silver, to see how close the price movement correlation is for the most part. Yes, there are occasional anomalies, but broadly speaking the silver price moves up and down in line with the gold price, although the peaks and troughs tend to be more exaggerated. Indeed over the third quarter this year silver was certainly the best performing major metal commodity of all (if one ranks gold as a commodity which perhaps runs counter to my last article – see Gold is not a commodity but the strongest currency of all. In this article I am using the word commodity in a more general manner!). Keep on reading @ mineweb.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| More Incredibly Important Developments In Both Gold & Silver Posted: 10 Oct 2012 07:15 AM PDT from kingworldnews.com: Today King World News is reporting on more incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini updates KWN readers globally on what the key players are doing right now in these critical markets, and what to expect next as the battle in the gold and silver markets continues to rage. Norcini has been stunningly accurate in his predictions of the movement of the gold and silver markets. Now the acclaimed trader discusses these important developments in both metals: "$1,800 has been a critical resistance level that has now been reinforced three times. This level has a great deal of technical significance because the bulls have attacked the $1,800 area on those three separate occasions, but each attempt has been rebuffed." Keep on reading @ kingworldnews.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rule: We Have Tight Gold Supplies & Future Supply Constraints Posted: 10 Oct 2012 07:13 AM PDT from kingworldnews.com: Today Rick Rule warned King World News about tight gold supplies and future supply constraints. This interview also discusses the frightening conditions that workers face in places like South Africa. At the bottom I also have a note about a video I sent Richard Russell a decade ago regarding the world's deepest gold mine. But first, here is what Rule had to say: "One of the things that is interesting to me and it should be to all mining industry investors and speculators, is the social unrest in South Africa. It's a very, very complex situation, and I'm trying to understand it better. I'm lucky here to have a couple of South Africans who work for us with great ties to the country." Keep on reading @ kingworldnews.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold, Silver & The Smart Move By The Chinese In Commodities Posted: 10 Oct 2012 07:12 AM PDT from kingworldnews.com: Today acclaimed money manager Stephen Leeb spoke with King World News about the action in the metals: "You are going to see this (type of volatility). It's going to be part of the dynamic for some time to come." Leeb also discussed what the Chinese are doing right now in the commodity markets, and it will surprise KWN readers. Here is what Leeb had to say: "People are still worried about Europe staying together, Eric. You still have massive unemployment in Spain and Greece, and you have the Germans who are very dependent on being in the eurozone because they are getting the benefits of a very cheap currency." Stephen Leeb continues: "If Germany suddenly exited the eurozone, the German economy economy would fall apart, completely fall apart. By putting their currency with the Greek currency, the Spanish currency, the Italian currency, they end up with a much, much cheaper currency (net). This allows them to export, and this is what has been driving or keeping the Germany economy afloat. Keep on reading @ kingworldnews.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Gross Says Gold Will Thrive in ‘Ring of Fire’ Posted: 10 Oct 2012 06:30 AM PDT Bill Gross is one of the most recognizable names in the investment world. He is the founder and co-chief investment officer at bond fund giant PIMCO. His long-term track record regarding bonds is among the best and he still runs the world's biggest bond fund, the PIMCO Total Return Fund. Gross is also known for speaking quite bluntly about the United States' growing debt problem. His latest monthly market commentary came with a warning for the U.S. and investors alike. Gross stated that a number of recent studies have concluded that "The U.S. balance sheet, its deficit and its 'fiscal gap' is in flames and that its fire department is apparently asleep at the station house." The recent studies Gross pointed to came from the Congressional Budget Office, the International Monetary Fund and the Bank of International Settlements. The studies calculated that the United States needs to cut spending or raise taxes by 11% of GDP over the next 5-10 years. This translates to $1.6 trillion per year. That compares to the country's 8% of GDP deficit in 2011. Those numbers put the U.S. in the 'ring of fire' with other countries with similar fiscal gap sizes. These countries include Greece, Spain, Japan, France and the U.K. Gross warned that the U.S. debt problems have put the country in this "ring of fire" that will burn most investors. The only investors who will not get "burned"? He says the lucky few will be those that are protected by gold and other real assets, protected from a severe U.S. dollar depreciation caused by the Federal Reserve's money printing. In a white paper titled "GOLD – The Simple Facts" posted on PIMCO's website, PIMCO analysts Nicholas J. Johnson and Mihir P. Worah also said some interesting things. Here is an excerpt, "Our bottom line: given current valuations and central bank policies, we see gold as a compelling inflation hedge and store of value that is potentially superior to fiat currencies." They pointed out the positive supply/demand characteristics of gold as a big plus in their scenario. The PIMCO analysts went on to say, "We believe investors should consider allocating gold and other precious metals to a diversified investment portfolio." That is quite a statement coming from a "mainstream" investment firm. Wall Street's usual reaction to gold is that it is a barbarous relic whose only use is in jewelry and that no sane investor should put any money into it, even paper gold instruments such as gold ETFs like the SPDR Gold Shares (NYSE: GLD) and others. After Bill Gross' bullish words, gold prices were trading a 7-month high on Thursday before falling Friday to finish the week at about $1776.00 an ounce.  Gold Investing Newsletter From a technical analysis point of view gold, silver and gold miners have been holding value at key resistance levels. While we could see a 3-5% pullback before they breakout and start the next rally overall the outlook for precious metals remains very strong and I put a $2400 per ounce on gold for 2013. My daily analysis and trade ideas are available at www.TheGoldAndOilGuy.com Chris Vermeulen    | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Oct 2012 06:24 AM PDT
But the quarterback got sacked on Tuesday as the crude oil strong safety rushed in for a hit….
JS (jack@mercenarytrader.com)   p.s. Like this article? For more, visit our Knowledge Center! p.p.s. If you haven't already, check out the Mercenary Live Feed! p.p.s. follow us on Stocktwits & Twitter! @MercenaryJack and @MercenaryMike
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| Posted: 10 Oct 2012 05:56 AM PDT Has anyone ever used Silvertowne for assaying/refining product. Im currently looking at different places to get my sterling refined and turned into .999 bars. Currently Silvertowne have the following terms on assaying: Silver Content: 80% or higher Payable: 95% of silver price | 97% of silver price if traded for other silver Settlement Time: 10 working days Incoming Weight Charge: 25 cents per troy ounce Assay Charge: $80.00 That seems to be a great payout especiaLLY since I intend to trade it anyways for other silver. Sooo..anyone used their service before??? | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jim Sinclair and grams/troy ounce Posted: 10 Oct 2012 05:36 AM PDT I read Sinclair religiously - his reference to 28.35 grams = one troy ounce is surprising In The News Today October 10, 2012, at 12:00 am by Jim Sinclair in the category In The News | Print This Post Print This Post | Email This Post Email This Post "My Dear Friends, This very important court decision brings up two more extremely important questions. There really is an elephant in the court room. This decision is going to have an impact. 1. Roosevelt's confiscation of gold may appear unconstitutional. Should any such thing be considered in the future there would be a significant risk of a constitutional challenge. 2. The constitutional definition of a dollar is 371 and 1/4 grams of silver or 1/15th of that number in gold. That opens the possibility of defining the dollar in value of a standard. For your information the measure of one troy ounce is 28.3495231 grams. This is no joke. This is going to have an impact in time. Respectfully, Jim" http://www.jsmineset.com/ | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Prices Slip but IMF Warns Euro-Zone Capital Flight Posted: 10 Oct 2012 05:28 AM PDT Gold prices slipped for a third day in London on Wednesday, again rallying from two-week lows beneath $1,761 per ounce as world stock markets also fell again and industrial commodities held flat overall.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Understanding Silver Price Manipulation Posted: 10 Oct 2012 05:12 AM PDT |
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