Silver got sold down about 20 cents starting around 9 a.m. Hong Kong time

April 26/2014: Today in Gold and Silver 

Silver got sold down about 20 cents starting around 9 a.m. Hong Kong time, but then began to rally around 11 a.m. in London---with the high tick of the day also coming at 10:30 a.m. EDT New York.

From there it got sold down about 15 cents, but recovered a bit of that during that last hour or so of electronic trading. The low and highs were recorded as $19.515 and $19.81 in the May contract. 

Silver finished the Friday trading session at $19.725 spot, up 7.5 cents from Thursday's close. Gross volume was very heavy, with lots of roll-overs---and net volume was miniscule at only 17,000 contracts. 

and The gold price closed in New York at $1,303.80 spot, up $9.90 from Thursday's close. Volume, net of April and May, was reasonably light at only 113,000 contracts.

Is Gold a Metal?

Is gold a metal? this answer about this question is Gold or Au is a transition of metal, Gold is a metallic element with the atomic number 79 and the symbol Au. Gold is the most malleable, ductile metal. Described as yellow, gold is one of the so-called precious metals, along with gold and silver.While the name gold comes from an Old English word meaning yellow, the symbol comes from the Latin aurum, which means “shining dawn.” . It is one of the least reactive solid chemical elements. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.

Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. Gold standards have been the most common basis for monetary policies throughout human history, being widely supplanted by fiat currency only in the late 20th century.

Gold Dividend Gimmick Means Sell

Gold Resources (GORO): Gold Dividend Gimmick Means Sell

The absurdity brigade has finally arrived. On October 10, 2011, Barron’s reported, in an article titled “Paying Dividends in Gold Instead of Cash: Gimmick or Real Deal?,” that the president of Gold Resources Corp. (GORO) plans to introduce the dividend payments in gold. The president, Jason Reid, spoon fed the standard sub-standard explanation for why such a policy is what investors want. Reid said the following:

“Many investors would rather hold physical gold or silver rather than fiat currencies that will continue to be debased”

Taking a cursory look under the hood of Gold Resources (GORO), we find that there is absolute no reason for a dividend policy to begin with. Considering that we’ve been in a rising gold market since 2000, Gold Resources Corp. (GORO) should at least be able to demonstrate some form of profitability. Unfortunately, not only is GORO absent any profits, it lacks any semblance of fundamental value.

As an example, the price to book ratio is 21 and the price to sales ratio is 23 times in the trailing 12 months. Profit margins, return on equity and return on assets are all in the negative. So where does Gold Resources (GORO) plan to pay for the dividend in gold? We don’t know.

As has been the case in the past, only the least credible and unprofitable gold companies initiate a dividend policy offering payments in the form of gold. Our first warning of dividend payments in gold was in 2009 (found here) and our most recent Seeking Alpha article titled “The Coming Precious Metals Dividend War” detailed what was expected to occur.

The initiation of dividends in the form of gold by Gold Resources (GORO) isn’t the nail in the coffin in the current gold bull run. Instead, it may be an indication of a cyclical or short-term top in the gold market. Even the perceived short-term benefit of receiving gold dividends and a possible rising stock price isn’t enough to offset receiving payments in a debased fiat currency when GORO is ultimately going to become a penny stock.

With so many high quality dividend paying gold stock alternatives like Barrick Gold (ABX), Newmont Mining (NEM) and Agnico-Eagle (AEM), long-term shareholders of Gold Resources (GORO) should sell the stock at their earliest opportunity.

Steel

Steel is the name commonly given in metallurgical engineering from an alloy of iron with a variable amount of carbon between 0.1 and 2.1% by weight of composition, but typically these values ​​are between 0, 2% and 0.3%. If the alloy has a higher carbon concentration to 2.0% occur foundries, as opposed to steel, are brittle and it is possible to forge but must be molded. Not to be confused with iron steel, which is a relatively hard and tough metal with atomic diameter (dA) of 2.48 Å, with melting temperature of 1,535 ° C and boiling point 2740 ° C. In turn, carbon is a nonmetal smaller diameter (dA = 1.54 Å), soft and fragile in most of its allotropic forms (except diamond). The diffusion of this element in the crystal structure of the former is achieved by the difference in atomic diameters. 

The steel keeps the features of iron metal in its pure state, but the addition of carbon and other elements both metallic and nonmetallic improves their physical and chemical properties. There are many types of steel depending on the alloying elements or to be present. The definition in the percentage of carbon corresponds to carbon steels, where this is not the only alloying metal, or are there others but in lower concentrations. Other specific compositions are given specific names depending on many variables such as the elements that predominate in their composition (silicon steel), its susceptibility to certain treatments (hardened steel), some feature enhanced (stainless steel) and even depending on its use (structural steel). 

Usually these iron alloys are included under the generic designation of special steels, why here has adopted the definition of common or "carbon" in addition to being the first made and more employees, 1 formed the basis for others. This wide variety of steel was steel Siemens define as "an iron compound and another substance that increases resistance" .2 The two main components of steel are found in abundance in nature, favoring large-scale production. Disponibilidad3 this variety makes it suitable for many uses such as construction machinery, tools, buildings and public works, contributing to the technological development of societies industrializadas.4 Yet there are those who do not use steel (such as aircraft construction) because of its density (7850 kg / m³ density compared to the 2,700 kg / m³ of aluminum, for example) this is problem who do not use steel.

Gold and Copper Mine in Indonesia

Strike ends at major gold and copper mine in Indonesia,Timika .- The workers of the mining company Freeport-McMoRan in Indonesia, one of the world's largest deposits of copper, will end a strike a week after the company and union reached an agreement. Freeport Indonesia reported that the workers return to their jobs Tuesday at the Grasberg mine, located in a remote mountainous area, and not continue the strike for another week as planned. The company also said it will begin to negotiate with the union on their wage demands. "An agreement was reached with the union to end the strike, which began on July 4 and caused the suspension of mining and extraction," said Freeport Indonesia spokesman, Ramdani Sirait said in a statement. This makes it "less likely" that the U.S. mining company declared force majeure on shipments of concentrates, after production was halted a week at the mine with the largest recoverable reserves of copper, a source of Freeport. Freeport agreed not to punish the leaders of the protest and give the workers their regular salary during the stoppage, which began last Monday. In return, the union agreed to revoke a letter it would extend the strike to July 18, it said. "It is agreed that employees return to his duties on July 12," the document. Both sides have yet to start wage negotiations. The union push to double the salaries of workers, who receive $ 1.50 per hour, the leaders say Freeport employees in other countries are 10 times that salary.

Mining Guide : Learn to Know About Mining

Mining guide : First think is we must Learn about what is mining?Simple answer ; Mining is the process of extracting minerals and various materials from the earth. Manganese, tantalum, cassiterite, copper, tin, nickel, bauxite (aluminum ore), iron ore, gold, silver, and diamonds are just some materials of what is mined. and Why Mine?We know Mining is a BIG money making business. Not only do mining companies prosper, but governments also make money from revenues. Workers also receive income and benefits. What is Principle of Mine? Mine is valuation of Manganese, tantalum, cassiterite, copper, tin, nickel, bauxite (aluminum ore), iron ore, gold, silver, and diamonds. What are the minerals and metals important used for?Minerals and metals are very valuable commodities. For example, GOLD is a important material for jewelry business. Gold It is also used to electronic industrial. Other example is Tantalum, Tantalum is used in cell phones, pagers, and lap-tops. Cooper and tin are used to make pipes, cookware,. and.... etc. Mine Valuation ?;is Calculation of quantities of ore and classification of ore in sight.As mines are opened by levels, rises, etc., through the ore, an extension of these workings has the effect of dividing it into "blocks." The obvious procedure in determining tonnages is to calculate the volume and value of each block separately. Prospective value ?is Extension in depth,origin and structural character of the deposit,secondary enrichment,development in neighboring mines;depth of exhaustion. Large scale mining versus small scale mining?1.Large scale mining usually involves a company with many employees. The company mines at one or two large sites and usually stays until the mineral or metal is completely excavated. 2.Small scale mining usually involves a small group of nomadic men. They travel together and look for sites which they think will yield gold or another valuable metal or mineral. Where does mining occur?Mining occurs in many places around the world, including the U.S. In South America, mining is particularly active in the Amazonia region, Guyana, Suriname, and other South American countries. In Central Africa, mining devastated a National Park called Kahuzi-Biega in the eastern Democratic Republic of Congo (DRC). South Africa is also very well known for mining diamonds. Mining also occurs in Indonesia and other S.E. Asian countries. Price of Metals?is recoverable % of the gross assay value or cost of production.Unfortunately for the mining engineer, not only has he to weigh the amount of risk inherent in calculations involved in the mine itself, but also that due to fluctuations in the value of metals.

What is Bitcoin?

What is bitcoin?today most people's ask about what is bitcoin ; bitcoin is is a digital currency or virtual money was created in 2009, by Satoshi Nakamoto from JAPAN. Bitcoin can use for fast payments and micropayments at very low cost, and avoids the need for central authorities and issuers. What is the same??If you understand about e-gold,paypal..etc, bitcoin work like this online payment.

Bitcoin or Bitcoin Mining is digitally signed transactions, with one node signing over some amount of the currency to another node, are broadcast to all nodes in a peer-to-peer network. A proof-of-work system is used as measurement against double-spending and initial currency distribution mechanism. The BitCoin is a peer-to-peer resolution for the difficultys which are seen in system of virtual money (bitcoin mining is a new idea). Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions.

on July 2011, more than 6.8 million bitcoin in existence around the world. Bitcoin/Bitcoin Mining in existence are those represented in the block chain database passed around on the peer to peer network, the number is not only easy to determine, but can be quickly determined with precision by all participants.