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SAN FRANCISCO (MarketWatch) -- Gold futures advanced to a record Tuesday as investors sought out an alternative to currencies amid lingering fears of a worldwide slide into recession. Gold for August delivery, the most active contract, rose $4.80, or 0.4%, to settle at $1,245.60 an ounce on the Comex division of the New York Mercantile Exchange, the highest price since gold futures started trading in the 1970s. That supplanted the previous record of $1,243.10 reached May 12.
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
Weiss Research Natural Resources Analyst Sean Brodrick expects the bull market for precious metals to run for "quite some time," with gold hitting $1,450 /oz. by year-end and silver at $25 not long after. In this exclusive interview with The Gold Report, Sean sees silver reasserting itself as a monetary, investment and industrial metal. South of the border, some of the Mexican miners have an "embarrassment of riches"-which have largely escaped the attention of Wall Street. The Gold Report: You recently remarked that we're "trillions of dollars in debt and we can't seem to grow our way out of it,"...
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
Julius Malema ...fresh off of a meeting with Zimbabwean President Robert Mugabe, has said he will follow his neighbors policy of land seizure... And, most concerning to foreign investors, he has called for the nationalization of South Africa's mines. South Africa's mining industry produced 11% of the world's gold, 80% of the world's platinum, and 40% of the world's palladium in 2007.
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
Gold continues to be a wildly popular global obsession, but the winds may be changing a little. Why? Platinum is undervalued, out of the public eye (compared to gold), and production is set to expand as auto manufacturers begin producing more vehicles. Investors are even beginning to go long platinum while simultaneously shorting gold: Bloomberg: Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds. “We are long platinum and short gold,” said Jonathan Barratt, the Sydney-based managing director with Commodity Broking Services Pty,...
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
It was one of the finest gifts my children gave me this Christmas—Susan Boyle’s CD: “I Dreamed A Dream.”
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
GM wants to cancel its contract with the Stillwater mine as part of its bankruptcy reorganization that infused the company with $50 billion in government loans. Platinum is mined in just two other countries — Russia and South Africa — and Schweitzer says canceling the contract would put the United States at a strategic risk and hurt the mining industry.
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
It sounds almost too good to be true: add a few bugs to food scraps and waste water to generate clean hydrogen fuel. But over the past few years, researchers have been gradually working toward this promising scheme for producing hydrogen.Now, with the help of an unassuming stainless-steel brush, microbial electrolysis cells (MECs) have taken another step forward. The steel brush can be used to replace the expensive platinum normally employed in the electrolysis cell's cathode, slashing costs by more than 80 percent.Hydrogen is an appealing, environmentally friendly fuel because burning it creates only water as a waste product. MECs...
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
We aren't allowed to even link in the posting source URL box or excerpt this source, but this article is worth a look: CLICK ME
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
ZIMBABWE'S gold deliveries fell 181,6 percent last month compared to the same period last year. According to the Chamber of Mines, gold output for October was 125 kilogrammes, down from 352kg last year.
Published on Thursday 29th of July 2010 06:58:41 AM
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Posted by admin! / Under Platinum Equity
A few years ago, I dragged my carcass into a swanky Hawaiian resort, presented my credit card, and watched the front desk clerk turn ashen after entering a few keystrokes into her terminal. "Who are you?" she asked. Confused and exhausted after more than 20 hours of flying from London, I answered prosaically: "Joe Brancatelli." Then I tried a lame joke: "It's a common Hawaiian name." "No, I mean, who are you?" she repeated before turning her monitor toward me and pointing to my guest profile. Next to my name were six V's in front of V.I.P., about a dozen...
Published on Thursday 29th of July 2010 06:58:41 AM
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