Moly Mines Ltd draw down CDB loan from US$454 million to US$244 million

Under a new agreement, Moly Mines Ltd will draw down its CDB loan from US$454 million to US$244 million, with the remaining provision to be used in the financing of new projects. The company said that the changes do not mean that Hanlong has fulfilled its funding commitments.

Chief executive officer and managing director of Moly Mines Ltd, Dr Derek Fisher, said “While it is disappointing that the economics do not allow us to proceed with the Spinifex Ridge molybdenum/copper mine at this stage, the strategic alliance further cements the excellent rapport we have built with the CDB, and supports a platform for future growth of the company.”

Rhodium prices 2012

Rhodium prices in 2012 is predicted to continue rising numbers exceed $ 1,650 per ounce. This can be seen from the trend of prices in accordance with a very high demand for rhodium in the market. Rhodium is an expensive metal than gold which is very profitable as an investment.

Most Expensive METAL

Most expensive METAL in the world isn't precious metals gold. We know Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded; and The most Expensive price METAL is Rhodium. Rhodium is a chemical element that is a rare, silvery-white, hard transition metal and a member of the platinum group.

TOP Reasons why GOLD is a GOOD Investment?

TOP Reasons why gold is a good investment (in general) in comparison with others:

1. Gold values ​​are not affected by the economic crisis.
2. The value of gold is not affected by inflation.
3. Gold values ​​are not affected by government decisions.
4. Are beyond the influence of the banking system.
5. The higher the inflation, the higher the price of gold prices.
6. Very easy to sell and liquidated into money.
7. Accepted by all people around the world.
8. Gold prices always go up from year to year, the average nail 10% - 15% per year.
9. Gold is money, while money is not GOLD.

When is The Best Time To Buy Gold?

When is The Best Time To Buy Gold? ; Perhaps this question is often asked by those interested in gold investing. Before we answer that question and peel, it's good we are back again with a more substantive question: what is our purpose to invest in gold? Whether saving for the future? Make a child's education? And how long will we have to achieve that goal? By finding answers to the questions above, chances are that we were able to answer the rhetorical question when the best time to invest in gold.

To be sure gold is the category of medium to long term investment, in terms of gold suitable to support a new financial plan that we will do in a period of 1-2 years upwards. Because of new gold will show prowess at least 1 year time span. Thus we should not be too concerned with the ups and downs of daily price of gold, if we have understood that the gold we buy new we will use in due course; 1-2 years, maybe even 3-5 years to come.

When is the Best Time to Invest in Gold?

When is the best time to invest in gold?The best time to invest in gold is when we already have a clear financial plan as our gold investment purposes and also at that time we already have the money (however small) that indeed we have allocated for investment gold. If the plan is clear, the money becomes available, so regardless of the price of gold that day please buy it. We do not have to regret it later if gold prices fell the next day around 1-2 dollars / gram because we are not planning to sell gold the next day, but 1-2 years later. If we are always concerned with the ups and downs of daily price of gold, I was actually worried that we will not get anywhere.

How to Invest Gold?

How to Invest Gold ; in fact many ways such as mutual funds invest in gold gold, gold mining stocks, ETF (Exchange Traded Fund) gold, gold futures and final investment gold bullion and jewelry investment. Among the ways this way, perhaps the last that many in our society in general use, namely investment gold bullion and jewelry such as rings, necklaces or bracelets. Because the way is fairly easy to do and do not bother.

Why Invest in Gold?

Why invest in gold ; Because gold is indeed a very attractive investment and secure. Liquidity was very good. Whenever we need money .. can instantly melt. Especially if pure gold ... then we are not subject to discount of 20% as gold jewelry in general.The price of gold is determined by demand and supply. Limited amount of gold in the world so that supply is low and many investors are switching from stock investments into investment gold, so the demand for the high gold. In accordance with the laws of demand and supply, when supply is low and demand is high, then gold prices will rise. When gold prices rise, the investment value of gold will rise.

Gold price in 2012

Gold price in 2012 May Reach $2,300 because of investors buying the gold metal as a haven amid turmoil in financial markets. To predict Gold price in 2012 "Newmont company" record on July that second-quarter production costs advanced to an average of $588 an ounce, from $507 a year earlier. Capital and operating costs are increasing as gold- mining companies compete for a limited supply of workers and inputs such as energy and building materials.Cost inflation is something we’re all going to have to deal with,and When you have $15 billion-plus of projects in Australia, of which our projects might be less than $1 billion, we have very little capacity to impact what it costs to produce steel.

No Transunion Check Accounts

No Transunion Check Accounts,when we have Transunion Check Accounts and do not contain adverse information, TransUnion normally reports the information for up to 10 years from the last activity on the account.Fact about Transunion Check Accounts is Founded in 1968 - Headquartered in Chicago - Provides solutions to approximately 45,000 businesses - Reaches businesses and consumers in 23 countries - Maintains credit histories on approximately 500 million consumers and businesses worldwide.

Transunion Dispute

Transunion dispute,when TransUnion receives your dispute request they will contact the data provider or information source.Initiate a Transunion Dispute on your credit file. Quick and easy.Check your credit report and credit score online at TransUnion.com.It's also possible to make a credit report dispute in writing. You can use the Request for Investigation form offered on TransUnion's website or write your own.If you call or mail in your dispute, a credit report reflecting the results of the investigation will be sent to you by first-class U.S. mail. Please allow three to five business days from the time we complete our investigation for mail delivery.

Alaska Gold Mining

Alaska gold mining is Gold mining in Alaska, a state of the United States.Gold mining started in 1870 from placers southeast of Juneau, Alaska.Gold is found and has been mined throughout Alaska; except in the vast swamps of the Yukon Flats, and along the North Slope between the Brooks Range and the Beaufort Sea. Areas near Fairbanks, Juneau, and Nome are responsible for most of Alaska's historical and current gold production. Nearly all of the large and many of the small placer gold mines currently operating in the US are in Alaska.

Diamond Mining Village

Diamond mining village in Sierra Leon are in many locations and one of them is the village kono.The Kono area of Sierra Leone is renowned for the quality of diamonds produced. The 970-carat Star of Sierra Leone was recovered from this area and regular discoveries of 100-carat plus diamonds are made. It is estimated that total diamond production from the Kono area is in excess of 9 million carats.

GOLD mining EQUIPMENT

Gold mining equipment consists of several major tools.The main gold mining equipment is Gold pans, sluice boxes, metal detectors, digging tools, gold vials, snuffer bottles, and a bunch of other must have small equipment for gold mining can you find in markets.More over mining equipment machinery manufacturer offers mining equipment accessory for gold, gem, gemstone, metal, mineral is already widely available on the market.

Price of Gold Today

Price of gold today still not stable, Gold Price Close Today : 1,712.80 - Gold Price Close 02-Dec : 1,747.00
Change : -34.20 or -2.0% .Estimated Price of Gold more than 2,000 but always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold.

What is Prices of GOLD

The prices of gold : What is Prices of GOLD, Gold got a boost today in trading when the news filtered out that the Eurozone leaders. The prices of gold refers to current gold price in ounces, grams and kilos.The prices of gold rebounded on Monday after it suffered losses last Friday. Gold traded higher Monday on the hope that the leadership of the European countries are striving to find solution to the protracted debt crisis the continent of Europe has been struggling with and as at today, Tuesday, the price of gold remains steady as it continues to gain momentum amidst it rising demand globally.

Estimated gold price in 2012

Estimated gold price in 2012 is more than $2000 / ounce because in 2011 the precious metal gold soared to a record high of $1,814.90 an ounce earlier this month as investors fretted about the prospects of a debt crisis in the euro zone and US.Gold may average higher for each of the next three years and climb to a record driven by increased demand and a declining dollar as governments ramp up spending to battle the global recession

Gold bullion prices 2012

Gold bullion prices in 2012 topped out in September 2011 above $1,900, and it has been consolidating since. Bullion is currently trading above $1,700; but soon, we will likely be looking back at sub-$1,800 gold as a fond memory.Looking at gold from a purely technical perspective confirms my bullish outlook. Plus, with European debt problems destined to evolve to a full blown crisis next year, the U.S. banking system will be drenched in its wake. The future for gold looks bullish from a fundamental viewpoint as well.

Gold’s premium

Gold’s premium it's gold cost 13.4 percent more than platinum today. That’s the most since 1987, based on closing prices, and compares with an average discount of 28 percent over the past five years, data compiled by Bloomberg show. When the price of the two metals converged in 2008, platinum more than doubled in the following 16 months, outpacing gold’s 38 percent advance.

The World Gold Council

The World Gold Council expects central banks to buy as much as 450 tons this year. Official holdings stand at 30,708 tons, data from the council show.The banks were also buying gold in 1980 as prices rose to a then-record $850, only to drop for most of the next 20 years. Bullion tripled from 1999 through the beginning of 2008 as the banks sold more than 4,000 tons.

Gold bar and GOLD coin demand in Europe

Gold bar and GOLD coin demand in Europe more than doubled to 118.1 tons in the third quarter from a year earlier, data from the London-based World Gold Council show. European Union clients opened a record number of accounts with GoldCore last week and that may be exceeded this week, O’Byrne said.

Central banks are adding to their gold reserves for the first time in a generation. South Korea said last week it bought 15 tons in November to diversify its foreign-exchange reserves. The World Gold Council expects central banks to buy as much as 450 tons this year. Official holdings stand at 30,708 tons, data from the council show.

Investors held a record 2,358.2 tons of bullion GOLD

Investors held a record 2,358.2 tons of bullion GOLD through ETPs on Dec. 6, and bought 84.8 tons last month, the most since July. The combined tonnage is greater than the reserves of all but four of the world’s central banks and equal to more than 10 months of global mine supply.

Growth in the euro region will drop to 1.1 percent next year, from 1.6 percent this year, the International Monetary Fund forecasts. The ECB lowered its benchmark interest rate by 0.25 percentage point to 1 percent yesterday to match a record low. Bullion rose 3.6 percent in three days after the bank cut rates by the same amount on Nov. 3.

Bullion rose 21 percent to $1,715.30 an ounce this year on the Comex in New York

Bullion rose 21 percent to $1,715.30 an ounce this year on the Comex in New York, and reached a record $1,923.70 in September. The Standard & Poor’s GSCI gauge of 24 commodities rose 2.5 percent and the MSCI All-Country World Index of equities retreated 9.1 percent. Treasuries returned 9.1 percent, a Bank of America Corp. index shows.

Investors are now making a $130 billion bet on gold

Investors are now making a $130 billion bet on gold as European leaders meet in Brussels to seek ways to tackle the crisis that means Germany and France are under threat of losing their AAA rating from Standard & Poor’s. The European Central Bank yesterday cut interest rates for a second consecutive month to shore up growth, increasing the appeal of gold, which earns investors returns through price gains.

“People are buying out of concern, out of fear,” said Mark O’Byrne, executive director of Dublin-based GoldCore Ltd., a brokerage that sells everything from quarter-ounce British Sovereigns to 400-ounce bars. Central banks “are all pursuing extremely loose monetary policies and we still have negative real interest rates. That makes gold attractive.”

Central Fund of Canada

Central Fund of Canada (CEF) has just tipped into a bear configuration, with the 50, 150 and 200 day simple moving averages aligned so that the shortest moving averages are weaker (lower) than the longer ones.  Thus if one doesn't want to differentiate between gold (still by those criteria in a bull market) and silver (clearly in a short- and intermediate-term bear configuration), and go "halvsies" by owning equal dollar amounts of each, the message of the market has begun to tilt against one. 

Silver Lake Resources

Silver Lake Resources will get profit a A$5.2 million funding injection to pursue its exploration and growth objectives following the off market sale of 17.4 million unlisted options by the company’s directors.The options will be converted at their exercise price of $0.30 each.Following the completion of the option sale and conversion, the issued capital of Silver Lake will comprise 223.7 million shares and no options.The directors and their related entities will retain 11.4% of the shares on issue.

Top Mining Companies

Top Mining Companies in the World is Largest and we're know if many mining companies are experiencing impressive growth.Do you know In 2010, many top mining companies increased assets to $943 billion and are expected to break the $1 trillion mark in 2011.Below is the Big Top Mining Companies in the World (Full recomended) :

    *Agnico-Eagle Mines Limited, Canada
    *Anglo American PLC, UK
    *AngloGold Ashanti Limited, South Africa
    *Antofagasta PLC, UK
    *Barrick Gold Corporation, Canada
    *BHP Billiton Limited, Australia
    *Cameco Corporation, Canada
    *China Coal Energy Company Limited, Hong Kong
    *China Shenhua Energy Company Limited, Hong Kong
    *Coal India Limited, India
    *Compania de Minas Buenaventura SA, Peru
    *Consol Energy Inc., US
    *Eurasian Natural Resources Corporation, UK
    *Fortescue Metals Group Limited, Australia
    *Freeport-McMoRan Copper & Gold Inc., United States
    *Goldcorp Inc., Canada
    *Gold Fields Limited, South Africa
    *Grupo Mexico S.A. de CV, Mexico
    *Impala Platinum Holdings Limited, South Africa
    *Industrias Penoles S.A.B De CV, Mexico
    *Ivanhoe Mines Limited, Canada
    *Jiangxi Copper Company Limited, Hong Kong
    *Kazakhmys Plc., UK
    *KGHM Polska Miedz SA, Poland
    *Kinross Gold Corporation, Canada
    *MMC Norilsk Nickel, Russia
    *National Mineral Development Corporation Limited, India
    *Newcrest Mining Limited, Australia
    *Newmont Mining Corporation, United States
   

Top Companies in the Precious Metals & Minerals Industry

Top Companies in the Precious Metals & Minerals Industry. Thera are 5 Top companies in the Precious Metals & Minerals industry with the lowest Revenue Per Employee (RPE)s. Analysts use RPE as a measure to compare the productivity of companies in the same industry.
 

1.Paramount Gold and Silver ranks lowest with a an RPE of $5,000. 

2.Pan American Silver with a an RPE of $115,000. 

3.Endeavour Silver ranks third lowest with a an RPE of $183,000.
4.Stillwater Mining follows with a an RPE of $584,000

5.Coeur d'Alene Mines rounds out the bottom five with a an RPE of $668,000.

SmarTrend recommended that subscribers consider buying shares of Coeur d'Alene Mines on October 12th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $23.34. Since that recommendation, shares of Coeur d'Alene Mines have risen 23.7%. We continue to monitor Coeur d'Alene Mines for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Bullion reached a record $1,921.15

Bullion reached a record $1,921.15 an ounce on Sept. 6  2011 and has been profitable to export even after shipping fees because of “the capacities and cost competitiveness of overseas smelters,” took Iwanaga. “Countries that are buying up gold are places where real interest rates are negative,” said Itsuo Toshima, an independent analyst who has researched global markets including gold for about 30 years and was formerly the Japan director of the World Gold Council.

In China, the biggest gold-jewelry consumer, inflation is eroding the value of bank deposits, prompting investors to seek returns in bullion. Gold makes up 1.6 percent of China’s foreign-currency reserves, compared with the 11 percent world average, Nicholas Brooks of ETF Securities said Dec. 2.

Japan is the only country that exports gold without being a major producer

Japan is the only country that exports gold without being a major producer. This statement Bruce Ikemizu, the manager of Standard Bank Plc’s Tokyo branch. None of the 7.5 tons that’s extracted annually from the Hishikari Mine in Kagoshima, southern Japan is exported, according to Sumitomo Metal Mining Co., the country’s top nickel producer and the operator of the nation’s only operational gold mine.

Top Silver Producer 2012

Top Silver Producer 2012 is Goldcorp.When an interview  at the BMO Capital Markets Global Metals and Mining conference earlier this year, Jeannes said Goldcorp is expecting to produce 33 million ounces of silver this year and 40 million ounces next year.So maybe that the company may well become one of the world’s top silver-producers in 2012.

Gold spot market price movement in the range of $1737.21 per troy ounce

Gold spot market price movement has declined slightly to trade in the range of $1737.21 per troy ounce, a decrease of 0.7 percent from the previous trading session based on disappointing news of increased jobless claims in the United States rising to 402,000. On Wedensday, spot market gold prices increased 1.8 percent following announcements of central banks’ coordinating actions to provide liquidity in the European financial structure. November closed with spot market gold prices increasing by 1.9 percent.

Gold investors and central bank observers may be anticipating the United States non-farm payrolls report on Friday as a market catalyst. Strong data on Friday could soften gold prices; however, if the data fails to meet expectations gold prices would likely demonstrate stronger valuations.

Canadian investment fund industry

Canadian investment fund industry,this happen last month in general was a particularly difficult one for the Canadian mutual fund industry with net redemptions on equity funds declining 84 percent from the previous October totals.  In total, net redemptions on equity funds in October combined to approximately $1.52 billion. In spite of this, the gold and precious metal fund market appeared to demonstrate continued demand. Familiar to gold investors, long term wealth management firm Sprott (TSX:SII) reported $655 million of net sales during the third quarter, including $306 million from an follow-on offering on its Sprott Physical Gold Trust

Gold Investment Product Demand Strong

Gold Investment Product Demand Strong ; statement Royal Canadian Mint raised $600 million in an initial public dickering of securities  tied to its gold  reserves, more than double its forecasted objective, according to Bloomberg sources.The new gold investment product was initially intended by the Mint to raise $250 million from sales in Canadian or United States dollars at $20 or $19.29 per unit. Although the terms of the sale are not disclosed publicly, strong demand from institutional and retail investors increased the size of the sale.

Mining giant group BHP Billiton Reviewing its Diamond Business

Mining giant group BHP Billiton declared today that it is reviewing its diamond business. The company has interest in the EKATI Diamond Mine and Chidliak exploration project in Canada which, while promising exploration opportunities, may not be consistent with the company’s strategy of investing in expandable assets. The review of BHP’s diamonds portfolio is expected to be completed by January 2012.