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Buygold @ 11:52
So I guess that was the cause of the gold strength today?
Things are heating up. McDonalds … think Kinross … probably won’t come to that though.
Cerro Negro Achieves First Gold Production
VANCOUVER , July 25, 2014 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) announced today that first gold production has been achieved at Cerro Negro, a high grade gold mine located in the Santa Cruz province of Argentina .
“We are very pleased to have first production on schedule and within our current capital cost guidance range from this world class mine,” said Chuck Jeannes , Goldcorp President and Chief Executive Officer. “Very importantly, this achievement was reached safely, with Cerro Negro in the midst of a run of over 4.1 million man hours without a lost time accident. This milestone signals not only the start of Cerro Negro’s mine life, but also a period of sustained growth for Goldcorp. The team at Cerro Negro has done an outstanding job amid occasionally challenging circumstances and I congratulate them for this outstanding effort. We look forward to strong contributions from Cerro Negro to Goldcorp’s overall performance for many years to come.”
http://finance.yahoo.com/news/cerro-negro-achieves-first-gold-171300704.html
@ Wanka – RE: Class Action
Hi Wanka, thanks for thinking of me. Yes, I contacted Elizabeth’s office twice. I didn’t hear back, so after a while I contacted Berger. I gave them my loss info, but that was our last contact.
FYI Re SBGL
I’ve been watching it and see a big drop today. Did some looking around and found this…
Sibanye Gold mulls platinum swoop:
Part:
Gold mining giant Sibanye Gold Limited says it is considering making some significant investments in the platinum sector as it seeks to diversify and expand its portfolio.
Company spokesman James Wellsted told The Weekly in a telephone interview Monday that the company which is among the top 10 gold producers in the world was seriously considering venturing into platinum mining because it believed it had a good operating model which could fit well into that sector.
Link: http://theweekly.co.za/?p=8882
Comment: 9% down. Over reaction??
Oil reverses
Oil Spikes, Stocks Dump As Van Rompuy Gives Green Light To Extend Russian Sanctions To Oil
Submitted by Tyler Durden on 07/25/2014 11:27 -0400
Curious why Brent just spiked by over 1% (and the S&P500 took a leg lower)? The reason is headlines from Reuters citing Europe’s unelected dictator, Van Rompuy who has said that sanctions should include Oil technology. However, in a hilarious twist, the unellected muppet of Europe’s insolvent banks, hopes to get his sanctions cake and snort Russia’s gas too, adding that Europe’s sanctions should exclude the gas sector.
- LETTER FROM EU COUNCIL HEAD VAN ROMPUY TO MEMBER STATES SAYS RESTRICTIONS ON SUPPLYING TECHNOLOGY TO RUSSIA SHOULD INCLUDE OIL, BUT EXCLUDE GAS SECTOR-EU SOURCES
Maya @ 9:43. A mystery question for you.
Why would they have sleeper cars on a train like that going through MadMike’s territory? Who would ever want to sleep when you are getting a ride through beautiful scenery like that. Have a good day.
@ Buygold – RE: “I wonder if they stack some heavy fees to withdraw?”
I don’t know, but will try to call them – today with luck, more likely Monday.
I will post what I find out.
@Farmboy
Copy that. When I first read it I thought it was an interesting story and saved it. I do have others. I was without Word for a long time due to a new computer, but Mrs Copper bought a program and I now have it back.
What’s telling the truth today?
The strong shares or the weak metals?
One of these days the metals will have a massive
I wonder when we’re going to start shipping weapons to the Syrians? (only half in jest)
Syria conflict: Isis ‘overruns’ Raqqa military base
Fighters from the Islamic State in Iraq and the Levant (Isis) say they have overrun a large Syrian military base on the outskirts of the city of Raqqa.
The Islamist fighters have released images of captured soldiers being beheaded after the battle for the base.
The Syrian army did not confirm that the base had fallen, but said it was organising a counter-attack.
Isis already controls much of Raqqa province, and recently seized a swathe of territory in neighbouring Iraq.
The group, which has changed its name to Islamic State, describes the territory under its control in Iraq and Syria as a caliphate.
The Raqqa base, manned by Division 17 of the Syrian army, is said to have been captured overnight after coming under siege from Isis fighters.
@ Ipso Facto 10.35
Thanks Ipso facto 🙂
Will try to come here more often…
Geronimo
Welcome to the Oasis!
Goodmorning everybody
New site for all the gold folks?
Glad I found it….
drb2
OUNZ shares trade 1/100th of an oz. at $12.93 ea. Looks to be a slight discount. I wonder if they stack some heavy fees to withdraw?
drb2
Never heard of that fund either. Would be great if that exploded and challenged some of the better known funds. OTOH, we can probably expect an FBI raid or SEC investigation soon to scare people away.
I’m so cynical in my old age.
from GATA email
interesting. I had never heard of this fund until today.
U.S. gold ETF delivers first physical bullion coins; holdings grow
NEW YORK, July 23 (Reuters) – Merk Gold Trust, a bullion-backed exchange-traded fund which allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.
The ETF, launched by Palo Alto, California-based Merk Funds in May to offer a liquid trading product with the benefits of physical gold bullion, has accumulated 40,000 ounces in two months even in a bearish gold market.
The fund, trading on the NYSE Arca platform with the ticker OUNZ, owns less than 1 percent of gold held by SPDR Gold Shares , the world’s biggest gold ETF. However, many participants are warming to the idea that the product could bridge the gap between the physical and paper gold markets.
true
A record two-day $225 drop in gold prices in April 2013 has boosted interest in physical gold and silver coin and bars, even as institutional investors continued to sell gold ETFs on a lack of inflation and as the Federal Reserve is set to unwind its bond-buying stimulus.
Merk Funds, which offers currency mutual funds to hedge against any depreciation of the dollar caused by unsound U.S. monetary policies, said the individual investor submitted 5,406 shares of OUNZ and requested the delivery of 54 American Buffalo 24-carat gold coins last week. The gold coins was delivered on Tuesday, Merk said.
The company did not provide any further details.
The ETF can also deliver gold in 400-ounce London bars, American Eagle 18-carat gold coins, and other one-ounce coin and bars. Processing fees can go as high as $7,000 or 7 percent of the transaction, but they drop as the size of physical deliveries increases.
Merk Funds President Axel Merk said the ETF received a U.S. patent for its efficient commodity delivery process which can handle numerous requests by retail investors.
SPDR Gold Trust investors who wish to redeem their shares in gold can liaise with the ETF’s authorized participants, making physical delivery requests by small retail investors very difficult, if not impossible. (Reporting by Frank Tang; Editing by Richard Chang)
http://www.reuters.com/article/2014/07/23/gold-etf-delivery-idUSL2N0PY24B20140723
Fun fact
Honduras has the highest murder rate in the world.
Absolutely unbelievable!
Hoping to stem the recent surge of migrants at the Southwest border, the Obama administration is considering whether to allow hundreds of minors and young adults from Honduras into the United States without making the dangerous trek through Mexico, according to a draft of the proposal.
If approved, the plan would direct the government to screen thousands of children and youths in Honduras to see if they can enter the United States as refugees or on emergency humanitarian grounds. It would be the first American refugee effort in a nation reachable by land to the United States, the White House said, putting the violence in Honduras on the level of humanitarian emergencies in Haiti and Vietnam, where such programs have been conducted in the past amid war and major crises.
Silver Train
For Wanka, by request.
Silver Train to the High ground…. Au Canada’
http://www.railpictures.net/viewphoto.php?id=490969
http://www.railpictures.net/viewphoto.php?id=490968
Freeport, Indonesia sign deal, paving way for copper exports to resume
JAKARTA, July 25 (Reuters) – Freeport-McMoRan Inc and the Indonesian government reached a deal over a contract dispute that is expected to pave the way for a resumption of copper exports after a six-month halt, a company executive said on Friday.
After signing the memorandum of understanding, Freeport Indonesia CEO Rozik Soetjipto told reporters he hoped copper concentrate exports could resume as early as August.
http://finance.yahoo.com/news/freeport-indonesia-sign-deal-paving-104832130.html
Getting small …. smaller … smaller … I never even heard of the CSE before
Evolving Gold to List on CSE
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jul 25, 2014) – Evolving Gold Corp. (EVG.TO)(EVG.TO)(EV7.F)(EVOGF) (the “Company”) announces it has received conditional approval from CSE and that the Company is moving its listing from the TSX Exchange to the Canadian Securities Exchange (CSE, formerly the CNSX). The common shares will begin trading July 25, 2014 under the symbol “EVG.CSE” and will subsequently delist from the TSX Exchange at date to be announced.
Good Morning Ms Moggy and Fellow Goldhearts
Moggy, I do believe I recognize that little paw sneaking up between the cracks. Sneaky things those cats. lol
Thanks for the coffee ! Off to pick a few blackberries and play in the garden while the morning temperatures suit me best.
Mr Cooper, That post from 2005 was pretty depressing. Seems my spelling and correct use of the English language has shown no improvement in almost ten years. And my adventures are not so exciting anymore. The blackberry patch seems to be about as far as I get from home these days.
Every now and then I do think about those fellas from long ago. I hope they made their fortunes in the jungle of a war torn country. Had to admire their independence and courage in what they were doing even if I did not understand it much at the time. Reckon there is some sort of kindred spirit amongst adventures of all kinds.
Did the heart good to see the gals of the Oasis kicking up their heels a little yesterday and posting. Even that pesky ole Augal. Yep, good to see all of them.
Well, somebody go throw some ice water on Mad Mike and get him moving. Check back in later, Farmboy