Recent News

By The 2016 Election Gold Could Be $3700 an Ounce

November 08, 2012 / moneymorning.com

Peter KrauthIt's now two years and twobillion dollars later...And in many ways, we're rightback where we started with the same President, and a house divided. For investors, all theuncertainty this situation brings to the fiscalcliff and its impending tax increasesand spending cuts are likely to fuel plenty of volatility for the next severalmonths. Yesterday's almost 300 point dropon the Dow and a...Read More

Republicans Rage as the Great Burning Arrives

November 08, 2012 / www.thedailybell.com

Republicans descend into civil war as Tea Party movement vows to drive party further to the right ... The Republican Party was last night descending into a civil war over control of its political future, as recriminations raged about its failure to oust Barack Obama and take control of the US Senate. Some conservatives warned colleagues that they risked annihilation by refusing to change and appea...Read More

Now EU Seeks to Ban the Family

November 08, 2012 / www.thedailybell.com

Brussels takes aim at the Famous Five! Books portraying 'traditional' families could be barred ... Books that reinforce traditional roles can contribute to gender stereotyping, report says Traditional stories can damage women's career opportunities, report's authors says Books which portray 'traditional' images of mothers caring for their children or fathers going out to wo...Read More

Just Another Paper Bullion Scam - This Time From The Royal Canadian Mint

November 08, 2012 / investmentresearchdynamics.com

This one is absurd. I just read through the prospectus for the new Royal Canadian Mint ETR, priced on Monday at $20 per unit. Each unit initially entitles the holder to a .619525 share of 1 oz. of silver bullion, to be safekept by the RCM. Notwithstanding the complicated formula required to calculate the share of bullion ratio on an ongoing basis for several reasons - the new RCM paper form of...Read More

Patriot Gold-Junior Gold Value at its Best

November 08, 2012 / www.goldinvestmentletter.com

Patriot Gold is a junior gold exploration company headquartered in Nevada. I stumbled upon PGOL after Canamex hit very high grades in their Nevada drilling program this summer:http://finance.yahoo.com/news/canamex-intersects-360-feet-0-120000023.htmlAfter digging through filings, I quickly realized that the property was actually owned by Patriot Gold. I finally spoke with a consultant at the compa...Read More

SA mineral resources minister warns mining firms against retrenching workers

November 07, 2012 / www.mining.com

South African Mineral Resources Minister Susan Shabangu today warned mining companies against taking "unilateral action" and retrenching workers due to the costs of recent wage hikes for mining employees.Shabangu said that all stakeholders in South Africa's mining sector must join hands in considering potential ways to minimize worker retrenchments."We would like to avoid as much as possible any j...Read More

Baja Mining granted further standstill extension by lenders

November 07, 2012 / www.mining.com

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalrgica del Boleo S.A. de C.V. subsidiary.In June, one of Baja's largest shareholders filed suit against the company for late disclosure of cost overruns at the company's Boleo project and demanded an independent investigation into the appr...Read More

Congo to discuss mining code changes with companies

November 07, 2012 / www.mining.com

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will first be discussed with mining companies, the World Bank and the IMF, a source from the country's ministry of mines told Reuters on Wednesday.Mines Minister, Martin Kabwelulu, announced last month that a proposed reform of the country's mining code would seek to raise the state owned stake...Read More

Paladin Energy to cut costs by $80 million

November 07, 2012 / www.mining.com

Uranium miner, Paladin Energy (TSX:PDN)(ASX:PDN), is targeting $80 million in cost reductions over the next two years and putting a freeze on development as the price for uranium spot has weakened.In its quarterly report for the three months to September, the company said it had undertaken a cost and production optimization review as part of its plans to transition from development to production.C...Read More

Obama election win boosts bullion prices and gold-related shares

November 07, 2012 / www.mining.com

Gold prices and gold-related shares have received bullish impetus from President Barack Obama's second-term election win.Gold prices reversed last week's losses to tap a one-week high of $1,725 per ounce, with some analysts speculating that the precious metal will re-approach $1,800 prior to the year's end. Gold futures for December also gained $8.80 an ounce to hit $1,723.80.Obama's election vict...Read More

Gold and silver deposits found in Kingdom of Tonga's waters

November 07, 2012 / www.mining.com

Nautlius Minerals (TSX:AIM) says it has found two rich deposits of gold and silver on its wholly-owned tenements within the Kingdom of Tonga's territorial waters. According to an official press release Nautilus has found two high grade Seafloor Massive Sulfide ("SMS") systems inside the exclusive economic zone of the Kingdom of Tonga on its wholly owned exploration tenements. The systems were samp...Read More

Golden Reign obtains environmental permit for San Albino-Murra gold property

November 07, 2012 / www.mining.com

VANCOUVER, BRITISH COLUMBIA-(Marketwire - Nov. 7, 2012) - Golden Reign Resources Ltd. (TSX VENTURE:GRR) (the "Company" or "Golden Reign") is very pleased to announce that it has received approval of its Environmental Impact Study (EIS) for its flagship San Albino-Murra Gold Property (the "Property"), Nicaragua.Under the EIS, Golden Reign applied for and is now authorized to continue exploration an...Read More

Wealth Briefing: BullionVault Users "Buy the Dip" in Gold

November 07, 2012 / www.bullionvault.com

LONDON, 7 November 2012 - Private investors took advantage of a dip in the gold price to add to their holdings in October, wealth-management magazine Wealth Briefing reports today, citing the Gold Investor Index from BullionVault, the online gold and silver exchange."The drop in gold prices during October gave investors the chance to 'buy the dip' and add to their positions at a lower cost," Wealt...Read More

Democracy Won Today ... Truth Lost?

November 07, 2012 / www.thedailybell.com

How Obama won re-election ... When looking for the keys to victory, one should not overlook the candidate himself. Obama, enjoying the advantages of incumbency, remained a powerful speaker, with star power on the stump. President John F. Kennedy said that "victory has a thousand fathers, but defeat is an orphan" - though President Obama and his aides cited a single reason for their re-election suc...Read More

We Told You So!

November 07, 2012 / www.thedailybell.com

We Need a Little Fear ... The voters have spoken. So, what now? How will our still divided government deal with our mounting threats and challenges? Shared fear can help ... A Bedouin proverb says, "Me against my brother, my brothers and me against my cousins, then my cousins and me against strangers." Human beings are pretty good at uniting to fight at whatever level is most important at a given...Read More

GoldSeek: An interview with Nick Barisheff

November 07, 2012 / bmg-group.com

Read More

A Little Post-Election Humor

November 07, 2012 / investmentresearchdynamics.com

Now that it's safe to re-start our frontal lobes and put the torture of election season behind us, this Chris Rock vignette from Jimmy Kimmel is priceless:By the way, for everyone who knows and understands that Dennis Gartman is the perfect contrarian indicator for gold - i.e. when he's selling, it's the perfect buy entry and when he's buying, it's time to take profits - he added another nice entr...Read More

Game Over

November 07, 2012 / investmentresearchdynamics.com

The best argument against democracy is a five-minute conversation with the average voter. - Winston ChurchillThankfully this election season is finally over. This had to be the most brain-damage inflicting election I've experienced. I wrote a blog piece about a month ago in which I declared Obama the winner, why I was making that call and why it doesn't matter in terms of fiscal/economic policy...Read More