IAMGOLD(IAG) announced today that it has signed a memorandum of understanding with China National Gold Group to pursue and develop mineral deposits in the regions of IAG's focus, specifically Africa, South America and North America.
China Gold International Resource, the overseas investing arm of China Gold, will handle all of its future international gold and non-ferrous business opportunities.
IAG shares are down 1.55% to $21.69.
Mar. 7 2011 | Discussing whether gold has room to go higher, and whether it's really a good hedge against inflation, with Tom Pawlick, MF Global metals analyst, and Mark Matson, Matson Money CEO
Just using the very conservative all time yearly average highs in 1979-1980 for Gold ($613) and Silver ($21.79) and using the understated inflation rate reported via the US Government, with a CPI Calculator it is very easy to determine that both Gold and SIlver are seriously undervalued and should be at the very least...and conservatively $1,859 for Gold and $66.00 for Silver. So in my opinion folks should not in the very least be hesitant to continue to exchange their FRN currency into physical Gold and Silver. Additionally these numbers are low because the value of the US DOllar has been devalued much more then reflected by the reported CPI, additionally the US Government has been creating massive amounts currency in recent years that guarantees double digit inflation or worse in the near future.
Trading Ranges for Gold and Silver
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, reveals gold and silver's price ranges and the support levels that must hold.
Gold -- is taking a hit on Thursday it goes gold in -- in the spot right. Down just over thirteen dollars -- Jon Nadler senior analyst at kitco dot com. And done I know we're seeing -- eloped today but. How -- to that that gold was able to make and settle at new record highs......
Silver Wheaton Corp (NYSE:SLW) reported Q4 EPS of $0.35 yesterday, beating consensus estimates of $0.31 per share. Revenues for the quarter were up 65% year-over-year, to $149.6 million, below consensus estimates of $154.9 million.
The Company estimates, based upon its current agreements, to have 2011 attributable production of 27 to 28 million silver equivalent ounces, including 15,000 ounces of gold. This represents a 15% increase compared to 2010.
Peter Barnes, Chief Executive Officer of Silver Wheaton, said, "2010 was a tremendously successful year, with the Company setting new records on all financial and operating metrics. In just six years, Silver Wheaton has grown its market capitalization to in excess of US$15 billion, and has more silver reserves than any silver company in the world. We were especially pleased that the production ramp up at the first of our cornerstone assets, Goldcorp's world-class Penasquito mine in Mexico, exceeded expectations and contributed to Silver Wheaton's peer-leading 37% annual production growth. This was particularly timely as silver prices climbed to 30 year highs which resulted in record quarterly and annual results."
Silver expert Jason Hommel tells http://www.FinancialSurvivalRadio.com about a common objection he hears from potential silver investors: If silver does rise to $500 per ounce in value, as Hommel predicts, who would be willing to buy at that high price?
How to Trade Climbing Gold
NEW YORK (TheStreet) - Scott Redler, chief strategic officer at T3Live.com, details how to trade gold as prices edge closer to its all-time high.
Richard Russell, the man behind Dow Theory Letters talks about the depreciation of the dollar and why he feels safe holding gold at the Casey Research Gold and Resource Summit
In this video Ned Naylor-Leyland, Partner at Cheviot Asset Management, tells James Turk, Founder/Chairman of GoldMoney and Director of The GoldMoney Foundation, that corporates can benefit from sound money. Although the sound money movement does a good job educating retail customers, there is a lot of room to educate CFOs as well, as they can benefit from buying gold and silver and reduce payment risks. Watch the whole 21-minutes interview at http://www.goldmoney.com/naylor-leyla...
Silver is back in the crosshairs of speculators, who have pushed its prices over $ 33 an ounce for the first time since March 1980 to a peak of $ 33.40 on the spot market in London. After the outstanding performance of 2010 - where silver had won more than 80%, one of the largest increases among the commodities - the metal had started the year in the name of weakness. But in February, it is on an appreciation trend .
Ned Naylor-Leyland, Partner at Cheviot Asset Management, tells James Turk, Founder/Chairman of GoldMoney and Director of The GoldMoney Foundation, on how he hopes more and more people will be caught by the 'Truth-Virus'. This should result in a firm embracing of sound money and the buying of gold and silver. Watch the whole 21-minutes interview at http:/www.goldmoney.com/naylor-leyland-t
The headlines are all for gold, but it was silver which actually made all the more striking performances.the price of silver is the highest ever seen for a little over 30 years earlier when the market was under the influence of speculative purchases of Hunt brothers. At the end of last year it took 65 ounces of silver to buy one of gold, while yesterday 58 would be enough . It is a confirmation of what industry analysts say: going up by 48% in 2009 and over 38% in 2010 , silver shows how it is an advantage being a precious metal and a metal with significant industrial uses . It should be noted that even in the downward trend in the past, the metal showed a speed exceeding that of gold. And it is worth noting that the industrial uses may become a disadvantage when the economy limps. In the case of silver increases are the engines of the weakness of the dollar (the currency in which prices are expressed), the low interest rates and the increasing industrial demand, in a mix that in recent weeks has been shown to operate at full regime, but that may not last forever. The 2010 budget for silver should see a world production of about 23 thousand tonnes, which will add 7 thousand tons of recycled material. The question is half the industry (electronics ), with significant demands for jewelry, coins and ETFs, securities traded like stocks, whose prices replicate the performance of the underlying metal. The silver , has a feature that is often overlooked: it is usually extracted from the mines in which silver is only a sub product. It means that any slowdown in interest in the primary metal (whether it be copper or lead, gold or zinc) has a negative effect on the extraction of silver.
The same can of course be reversed. But in these situations the risk is considered negligible. Indeed, the situation underscores the interest in the mining sector
Back in 2001, 10 years ago, I told people to buy silver when it was $5 an ounce. I said it would go over $20 that decade; also, in the next over $100 / oz. Debunkers said we are not going to use silver anymore. That is because we are leaving film and going to digital cameras. Then in 2008 it crash from 20 to 8 and they said "Oh see, silver was a bubble and you were wrong." I did now sell any. OK now they claim they always knew silver was going up. That said, they did not buy a single ounce.
Pre-1964 U.S. 90% silver coins, dimes, quarter, and half dollars are in the U.S., often referred to as Junk Silver. Good to hear that in Europe silver is being accepted as payment by some. It a good start. In some parts of Asia, silver is not regarded highly or as money. Gold is king there. No VAT in many countries on gold, including parts of Asia. Check around if you may need to travel light. Gold is preferred here. I was astonished by the fine jewelry available in Turkey in December. I really prefer coins, rounds, and ingots, however. The jewelry I just sold here, I don't think I got a great price on. I think a solid chunk is easier to get a grip on. I just got a set of heavy silverware, all complete, for five euros. It is crazy. I see beautiful copper household objects here for sale, too, in my nabe, and wonder why there are no takers.
Gold To Continue Long-Term Upward Trend
Feb. 22 2011 | Kingsgate CEO Gavin Thomas is optimistic about the second half of the year despite posting a 65% fall in consolidated interim net profit. He shares his upbeat outlook, with Michael Yoshikami of YCMNET Advisors and CNBC's Martin Soong & Sri Jegarajah.
NEW YORK (TheStreet) -- Daniel Wills, research analyst at ETF Securities, says that recent inflows into their gold and silver ETFs show a shift in investor sentiment.Investors Turn to Gold and Silver ETFs silver prices continuing their safe haven rally on Wednesday. Because gold indexes and the spot price up more than eight dollars joining me -- Daniel wills research analyst for ETF securities. And Daniel we have gold -- up you know 5% in February silver up. 17%. For the month. Have these metal run too far too fast.
GoldQuest Mining Corp. is focused on cost-effective exploration in Spain and the Dominican Republic. GoldQuest aims to fast-track exploration projects to a decision stage while rapidly discontinuing those projects that fall outside the company's criteria. GoldQuest puts priority on putting experienced explorationists in the field to rapidly determine the economic potential of a prospect at an early stage.
Feb. 20 2011 | Mike Harrowell, senior resource analyst at BBY, says demand for gold will pick up in the third quarter. Andrew Freris of BNP Paribas Wealth Management, believes rising demand for risk assets will limit upside in the precious metal. They share their outlook, with CNBC's Karen Tso, Martin Soong and Sri Jegarajah.
$500 Silver, Max Keiser Explains His Price Target -- 19 February 2011 32.88 =-} AND JUST WAIT!! THE 100 TRILLION DOLLAR DEBT WILL SIMPLY BE "WRITEN OFF" IT WILL NOT BE ALIGNED TO METALS.
Dollars are more valuable than silver because dollars have a special unique ink and the paper has more energy than ordinary paper and can fuel a fire longer than average paper. Don't believe me? Toss a few dollars into a fire and see! Also you can eat federal reserve notes if you run out of food. You can't eat silver. LOL. I am just kidding obviousely
Feb. 18 (Bloomberg) -- Gijsbert Groenewegen, founder of Silver Arrow Capital Management, talks about the impact of political unrest in the middle East on equities and the outlook for stocks, gold and silver. He speaks with Matt Miller and Dawn Kopecki on Bloomberg Television's "Street Smart." (Source: Bloomberg)
The Gold priceclosed today on the rise for the fifth session in a row. The futures maturing in April NYMEX gained 0,3% to $1.388,60 an ounce. It was from last January 13 that the gold price did not reach these levels. The price of yellow metal benefited from the unrest in the Middle east and from the weakness of the dollar . Today in many countries in the Middle East there were protests and violent clashes. Egypt agreed to let Iranian warships pass through the Suez Canal , The risk of a confrontation with Israel, which called Tehran's move a "provocation ", has increased the appeal of gold to investors.More and more investors are therefore increasing their positions in gold, the ultimate safe haven.
Silver Sky Rockets, Masses Begin To Dump Silver , Keep your silver as long as you can, it is going up..up...up! Eagles are very desirable. I would say there is a three dollar spread between Eagles and rounds. I always buy my silver in Eagles and 90% US coin nothing else. And never over 1oz you can keep the larger quantities, they too often sell at discounts. One hundred ounce bars can be as weak as 90%. I would rather have 100 Eagles.
GM did not get broken by the unions.. GM got broken because they took all the profit out of the company instead of putting money back into the company to inprove quality.. if u r old enough to remember what cars were like before the latest generation of cars u would know why US market share drop like a brick ..they abandoned the family car and made gas guzzling SUVs and huge trucks..it was of their own making..the lies about union pay etc is just that lies from the corporate lobby
Damon Jones from Republic Monetary Exchange explains why some gold and silver is not considered a private asset, and how to make sure that you are investing in physical gold that is private
NEW YORK (TheStreet) -- George Milling-Stanely, managing director of the World Gold Council, breaks down China's buying patterns and if the country would get on a gold standard There's been a lot of chatter in the gold community about China and getting on -- gold standard. Currently China Central Bank only has 1054. Tons of gold in its reserves so. Is China actually buying gold They've been buying periodically for a number of years now and every once in awhile they'll tell the world what they have done over previous period for example in 2009. They reported that at about 400 tons of gold to their reserves in the previous six years. We don't know when the next announcement will be coming but that said there a very strong flows of gold going into China right now. And that it -- and number of people in the market who wonder -- the private sector is capable of absorbing political it's flowing into the country nobody knows the answer we'll find out when China is ready to tell.
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold and silver now that the metals have broken through key resistance...
Scott Redler, : ....Gold right it's brushing up against his trip today so traders watched to see if you can blast through it. Were hit it. And then let that be resistance I think traders -- bit frustrated because they're used to gold having these huge swings you know that the huge gains that we've seen. I'm so those that are trying to traded and over traded are actually losing even if they're right. For me unless someone here talked about -- tier one approach from about thirteen thirty when -- broke that downtrend that -- views like 131. I haven't touched it. So what does it take created an accurate well positioned begin to break through and it -- for. I wanted to add if I had the -- up for today it was like down and we. Trading here would have added because they knew that 13350. Was a good area -- but 13413450. It's right near that 135 and ideas and discuss in my positions that you -- a lot of work out I'm not -- You know not -- against walls and I need to own more I don't think it's the right price that.
BNN host a 9 min discussion on the alleged manipulation of the silver market following Bart Chiltons comments
David Morgan - I like you, and sadly you let us down. You neglected to raise the important facts, including the London whistle-blower Andrew Maguire's testimony, and the ratio of short positions held by JPM & HSBC in silver, and Adrian Douglas' compelling articles that prove that the market is manipulated. David, if you're not going to prepare yourself for these debates, then kindly bow out to those who will, like Ted Butler or the GATA boys. I agree that Daid Morgan has been a bit neutral in this interview by not mentioning Andrew McGuire and GATA etc. Who knows prior to the interview he might have been told what could be talked about and what would end up on the cutting room floor. Getting the story out to more people should be the name of the game and that is what will expose the fraud...
UK consumers are being defrauded by companies massively undervaluing scrap gold people want to flog off.if anyone with a brain would be selling gold now... now is the time to buy gold & silver! as our economies collapse gold/silver become real money again , That's amazing! You give people internationally accepted real money, and they give you fiat toilet paper currency which is losing value everyday, in exchange. What a great deal. DON'T sell your gold. SAVE YOUR MONEY IN GOLD AND SILVER BULLION TODAY. GOLD AND SILVER IS REAL MONEY AND CURRENCY. Your £ note is junk paper , there is no such a thing as scrap gold all gold is good ... Recorded from BBC 1pm News, 14 February 2011
The Silver is in BACKWARDATION and the fall of the bankers It's happening right now, and it will change everything. It's still winter but things are getting hot, hot, hot. Barclays reports solar panel usage is expected to jump up to use 7% of production; mines are borrowing metal for their hedge programs, high grade silver is getting swooped before it reaches the street, coin sales are at record levels, Comex is at four year low (Reuters) Money had been leaving SLV. Lots and lots of hard data to back up this one beyond a doubt.
Eric Sprott president of Sprott Inc and his daughter Larisa on silver and the family business; .Why Eric Sprott is bullish on silver, and fundamentals behind his enthusiasm; Larisa Sprott's role in the family business;
Jim Puplava talks to the boss of Pan American Silver corp Ross Beaty about silver going down to 20$ an ounce and tells one listener he sold part of his silver stash and swap it for palladium and platinum recorded on February 12th 2011
Scarcity of Silver and Copper ...Dr. Stephen Leeb & Chris Waltzek Goldseek.com on Radio Gold Nugget.
Copper may not be scarce anymore if the new cold fusion breakthrough is true. The new breakthrough in cold fusion produces copper as a byproduct. I will wait and see if this breakthrough is debunked before I invest in copper. I don't want JP Morgan to profit off of me any more
Gold to reach $2,000 an ounce by end of this year. The national debt continues to rise to unsustainable levels. Use gold and silver to add safety and security to your portfolio.It is not too late to reap the benefits of owning gold.
Investors Have $102 Billion Bet on Gold, Silver Gains
By Nicholas Larkin and Pham-Duy Nguyen
Feb. 7 (Bloomberg) -- After the worst January for precious metals in two decades, investors still have a $102 billion bet on higher prices, hoarding more gold than all but four central banks and more silver than the U.S. can mine in almost 12 years.
Once again, you make another great case for silver. Keep it up coach. Many people are starting to wake up. As for guys like me, patience is key and one day we will see a tremendous return on our investment. The world does not see our dollar as a valuable asset like it once used to and many Americans are starting to understand what is going on with our monatary system.
The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western governments have done to their paper currencies.
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