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Showing posts with the label GOLDMINEWEB DAILY NEWS

GOLDMINEWEB DAILY NEWS: Imports of gold and silver soar 222% in India

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$1,537.00 $35.58   TOP STORIES | Monday , 20 Jun 2011                                                      Imports of gold and silver soar 222% in India Precious metals continue to be the fancy of Indian investors with the country recording $9 billion imports in just one month puzzling economists and analysts.    Monday , 20 Jun 2011 Focus Minerals and Crescent Gold join the merger trend in Australia Two of W. Australia's mid-tier gold producers are seeking shareholder approval for a merger that would see the dominant partner Focus Minerals target production in 2012 of 230,000 ounces.    Monday , 20 Jun 2011 Newmont Nusa Tenggara IPO won't happen this year The on-going delay in the divestment of the remaining 7% of Newmont Nusa Tenggara to Indonesia's central government, along with uncertain market conditions, means NNT's IPO won't happen in 2011.    Monday , 20 Jun 2011 Gold

GOLDMINEWEB DAILY NEWS: The logical irresponsibility behind Bernanke's cheap money policy

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$1,524.70 $35.51   TOP STORIES | Monday , 13 Jun 2011                                                      The logical irresponsibility behind Bernanke's cheap money policy With the machinations of the U.S. Fed such a key driver of gold and silver prices we look at the logic behind its cheap money policy and ask the question - Does Ben Bernanke want us to trust him? Maybe not...    Monday , 13 Jun 2011 Newmont's O'Brien sees gold at $1600 this year and higher next Newmont CEO, richard O'Brien remains confident on the gold price near term, and also on copper, in comments made at a World Economic Forum meeting in Jakarta    Monday , 13 Jun 2011 Summer pullback seen for gold but bullish for rest of year-UBS UBS Investment Research has suggested the gold price may pullback over the summer months, but any dips well supported and has raised its three-month gold forecast to $1,600/oz.    Monday

GOLDMINEWEB DAILY NEWS: Silver in China could turn out to be the new gold

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$1,540.09 $37.38   TOP STORIES | Friday , 10 Jun 2011                                                      Silver in China could turn out to be the new gold China has turned from a net exporter of silver to a big net importer with both industrial and investment demand soaring. Middle Eastern demand also appears to be picking up strongly.    Friday , 10 Jun 2011 S&P raises gold and base metals price assumptions for 2011 Standard & Poor's has raised its metals price assumptions for 2011 and beyond, citing the increased volatility of the markets but worries about sharp risk of fall in investor demand for gold.    Friday , 10 Jun 2011 Big Oyu Tolgoi copper-gold mine in Mongolia 23% built As Rio Tinto and Ivanhoe re-enter arbitration talks over Ivanhoe shareholder rights plan, the latter's chairman reports massive Oyu Tolgoi copper-gold mine is ahead of schedule.    Friday , 10 Jun 2011

GOLDMINEWEB DAILY NEWS: Commodity prices should snap higher in H2, dollar unlikely to recover until 2012 - Morgan Stanley

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$1,534.00 $37.03   TOP STORIES | Thursday , 09 Jun 2011                                                      Commodity prices should snap higher in H2, dollar unlikely to recover until 2012 - Morgan Stanley Morgan Stanley does not expect Fed to raise rates for at least another year. Chinese economic growth should be sustained. Euro looking weak Watch US payroll figures for pointers towards QE3.    Thursday , 09 Jun 2011 ABG's Buzwagi gold mine mill repairs slower than expected. Output impacted. The replacement of African Barrick gold's mill motor at Buzwagi took longer than expected leading to lost production of around 15,000 oz gold.    Thursday , 09 Jun 2011 Australia's biggest gold miner cuts guidance - again Tier 1 gold miner, Newcrest, cuts gold guidance for second time due to power failure at its major Lihir mine which will take 3 weeks to fix but says cost guidance remains unchanged.