Gold traders are bullish for a fourth week

Gold traders are bullish for a fourth week, the longest run since the bear market began in April, as Federal Reserve Chairman Ben S. Bernanke said he’ll maintain stimulus if growth misses expectations. Gold is heading for the first annual drop in 13 years after some investors lost faith in the metal as a store of value. The Fed chairman said last week the U.S. still needs stimulus, after saying on June 19 that bond buying could slow if the economy improves. Bullion’s plunge to a 34-month low spurred demand for jewelry and coins, and demand from China is “incredibly strong,” Standard Chartered Plc said.

Click Here!

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.

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.

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.

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.

Osmium

Osmium is a group metals with the symbol Os and atomic number 76.Osmium was first discovered in 1803 by Smithson Tennant in the residue left when crude platinum was dissolved by aqua regia (a mixture of hydrochloric acid and nitric acid). Application of Osmium is Osmium alloys such as osmiridium are very hard and, along with other platinum group metals, are used in the tips of fountain pens, instrument pivots, and electrical contacts, as they can resist wear from frequent operation.

Titanium

Titanium is a group metal with chemical symbol Ti and atomic number 22. Titanium is absolutely immune, application of titanium in Aerospace, Jet Engines, Airframes, Industrial Applications, Power Generation, Chemical Processing,Petroleum, Emerging Applications, Computer Industry, Automotive Industry, Geothermal Power ,Human Implants, Armour Applications.

Another very important characteristic of titanium that makes it indispensable in the aircraft industry is it’s nobility to composites. Composites are becoming increasingly important to aircraft structure due to their light weight and smooth aerodynamics. An aircraft, in a certain build configuration, needs a set amount of thrust and power to create enough lift to sustain flight. Weight and drag are the main obstacles that must be overcome. Any additional power can be used for performance, how fast it climbs or how fast it goes, or for payload, how much it can carry.

Palladium

Palladium is a group metal with symbol chemical Pd and an atomic number of 46. The big Palladium mining Company in South African is Palladium Mining Anglo Platinum.Application of palladium is Palladium used in electronics, dentistry, medicine, hydrogen purification, chemical applications, and groundwater treatment. Palladium plays a key role in the technology used for fuel cells, which combine hydrogen and oxygen to produce electricity, heat, and water.

Palladium Price per Ounce in USD on Nov 2011 is $600,and the more days the price of palladium will continue to rise because the industry needs a very high.The unique properties of palladium and other platinum group metals account for their widespread use. A quarter of all goods manufactured today either contain PGMs or have a significant part in their manufacturing process played by PGMs.

Global demand for gold up to 6%

Global demand for gold up to 6% in the 3 quarter of the year, mainly due to an increased demand from investors looking to park their funds in safe heavens in the wake of the global economic uncertainties, according to a new report by the World Gold Council. The demand for gold in the quarter increase up to 1,053.9 metric tons compared to 991.1 tons in the same period of 2010, said World Gold Council in its latest Gold Demand Trends report. The investment demand rose in the third quarter to 468.1 tons, or $25.6 billion.

Gold Price Recovery

Gold price recovery on friday after a surprising 3% one-day sell off as the U.S. dollar became big pressure. Gold at December delivery was rising $7.60 to $1,727.80 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,733 and as low as $1,711.40, while the spot gold price was up $9, according to Kitco's gold index. Gold's strength was entirely due to the change in the U.S. dollar as physical demand was actually $4 lower, predict to Kitco's index. 

 "Gold prices is go to rallying if the situation is resolved and the European Central Bank prints money to assuage everybody. I think volatility is what we are going to be looking for the next several months or so but that after February gold has a bit of a problem."say Jon Nadler, senior analyst at Kitco.com.

Silver prices in 2012

Silver prices in 2012 will rally to $45 because today silver prices aveage $35.66 an ounce in 2011. this prediction by Silver Interim Report Media Advisory, released by GFMS Thomson Reuters.Prices for silver from January to November has averaged $35.70 representing a growth of 88% year-on-year basis. Silver prices continue to be driven by strong investment demand. Siver’s core fabrication demand (excluding coins) should rise next year, chiefly due to gains in industrial uses, it will nonetheless be exceeded by gains in mine production and recycling.

Discovery Metals Limited

Discovery Metals Limited ('Discovery Metals' or 'Company') yesterday reports very highly encouraging results from 6 diamond drill holes of a 12 hole programme at the Zeta North East Prospect which is situated within the Company's 100% owned Prospecting Licences in the Kalahari Copperbelt in north-west Botswana . The Zeta North East Prospect is located in the Boseto Zone and is centered approximately 11 kilometres away from the 100% owned Boseto Copper Project's concentrator. The Boseto Copper Project is currently under  construction and is scheduled to commence production in the first half of 2012.  Planned production is approximately 36,000 tonnes of copper and more than 1 million ounces of silver per annum over an initial evaluated mine life of 15 years.

Gold is worth the risk?

Gold is worth the risk?Precious metal Gold has many attributes that investors want, and it has been one of the few assets to deliver positive returns since 2005.One of the most perplexing questions facing investors these days is what to make of gold. With the cracks in the global financial system seemingly growing wider, and gold prices in the midst of a decade-long rally, more investors are wondering, do I buy? Sell? Wait until later?

With the listing of the SPDR Gold Shares, then called the StreetTRACKS Gold Trust, exchange traded fund (GLD) in November 2004, questions about gold have become more pressing. Prior to the fund’s launch, there really was no convenient way to invest in gold, and so few investors owned it. Those who wanted to speculate traded futures, and the true believers stashed coins in their attic.

Now, there is $2.1 billion in Gold Shares traded every day and it is the second largest U.S. ETF by assets -- $68 billion as of October 31. Several copycat ETFs – including the iShares Gold Trust (IAU), the ETFS Physical Shares Gold Trust (SGOL), and the ETFS Physical Asian Gold Shares (AGOL) – have sprung up to tap into the demand for gold, proving the old adage that imitation is the sincerest form of flattery.

Silver Lake Resources

Investor interest in Silver Lake Resources is due to the company delivering a string of bumper results recently, and just last week confirmed grades of up to 45% copper, 5.5 grams per tonne (g/t) of gold and 256g/t silver at the Hollandaire project, which lies within the Eelya complex, part of bigger Murchison project.

Importantly, these assay results confirm Hollandaire as a high grade copper deposit that also contains gold and silver. The mineralisation remains open in all directions and at depth.

The halt will last until the earlier of announcement being made to the market, or the opening of trade on Wednesday 16 November.

Platinum and Palladium

Platinum and palladium is currently providing a very large profit margin gains on the trade,when gold prices continues to rally and silver prices to hover, prices platinum and palladium are also make gains well. Platinum appears to be chasing gold, gaining $18 today while palladium gained $15, to trade at $661. The platinum group metals are obviously affected more by the strength of the industrial sector but they also obey the laws of supply and demand and these are definitely working in their favor at the moment. Demand for palladium, for example, is expected to rise by almost 6% each year for the rest of the decade while supplies look to be threatened by 2015, if not sooner.

"There is growing investment interest in the industrial metals," says Bill Hionas, CEO of Pan American Metals of Miami. "They do not react in the same way as gold, since their dependence on industrial demand makes them subject to the ups and downs of the economy. However, we have seen increases in car sales recently, particularly from the emerging economies of Asia and this has been reflected in increased demand for platinum and palladium."

Analysts estimate the Silver Standard as a takeover target will decline

Analysts estimate the Silver Standard as a takeover target will decline.Silver Standard’s stock closed 5% higher on the TSX at C$16.25, having shed 21% the previous day.Announcing a $21.8-million third-quarter profit as higher silver prices more than offset a drop in output, the company said it had now addressed operating issues at Pirquitas, but decided to take the “prudent” step of halving reserves to 93.1-million ounces.

Silver Standard also revised its production guidance to between 7.3-million and 7.6-million ounces of in 2011.
“While we have taken a prudent approach to Pirquitas’ reserves, we have a great exploration team who are focused on finding more ounces,” CEO John Smith said.Lichtenheldt rated the stock a buy, but cut his 12 –month target price from $27.50 a share to $20.90.
 

Scrap Metal Prices

Scrap metal prices update news daily on internet can you get here.Scrap Metal, scrap metal prices, plastic scrap, aluminum scrap, scrap steel prices, scrap copper, scrap tire, scrap metal dealer, scrap metal buy and sell offers.Scrap Metal Market Prices and Charts for Copper Scrap, Steel Scrap, Iron, HMS, Aluminum, ferrous and non ferrous scrap metals in USA, ME, India, China.

November 5 2011 – Most converters have increased in value plus a new converter – Medium Foreign – has been added (prices courtesy Fair Salvage Company): Cores (purchased by the piece): Catalytic Converters: Large honeycomb   $90.00    |     Bread loaf      $75.00 Medium honeycomb   $45.00   |   Regular honeycomb $40.00 // // // ]]> Jumbo bead $75.00 |         Regular bead  $25.00 Low Grade Foreign $35.00     |    Small foreign   $75.00 Medium foreign  $85.00    |    Large foreign  $105.00 Precat  $20.00     |       Aftermarket  $5.00 Diesel  $10.00     |      Wire  $10.00 Four-dot  $70.00 Catalyst (by the pound)   $3.00 Transmissions: Automatic  $21.00    |   Manual   $11.00 Torque converters   $3.00 Todd J. Graham -   Fair Salvage Company 2731 E. Grass Lake Road   |  Clare, MI  48617  | Ph: 989-386-7552  | Fx: 989-386-2415 www.fairsalvage.com    | todd@fairsalvage.com Prices quoted are valid only if material received meets Fair Salvage Company standards. Quotes valid date of email unless otherwise stated. 

Scrap Metal prices as of Nov 2 2011 are as follows: All Non Ferrous Scrap is in $/KG Aluminium Cans 1.06                    Cast 1.20 Clip 1.29                      Domestic 1.19 Extrusion 1.49            Irony 0.30 Copper No 1 7.81                     No 2 7.30 Domestic 6.96            Burnt 6.96 Radiators 4.24 Gunmetal Solids 5.60         Swarf 4.76 Brass Mixed 4.84       Swarf 4.07 Stainless Solids 1.34        Oversize .99 Swarf .49 Ferrous Scrap | Heavy Steel ($/ton) Heavy Steel 290.00          Lightgrade No. 2 200.00 Car Bodies 100.00 Prices subject to change.  scrap metal prices provided by METALCORP NZ LTD , 615 Halswell Junction Road, P.O.Box 16 678 | Hornby, Christchurch, New Zealand www.metalcorp.co.nz

Gold benefits

Gold benefits from economic uncertainty situation after european leaders last week opened the idea that Greece's sovereign debt could default and the country might not receive EU financial aid if it failed to adopt austerity measures.Meanwhile, benchmark bond yields of Italy, the bloc's third largest economy, shot to a level that is widely deemed unsustainable, reflecting investors' concerns that they may not get their money back. 

"The market is extremely worried. Changing leaders both in Greece and Italy doesn't change the fiscal situation and leaves us with a period of uncertainty," said Ole Hansen, senior manager at Saxo Bank. Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust, gained nearly 1 percent from Monday to Tuesday, while those of the largest silver-backed ETF, New York's iShares Silver Trust, dipped 0.12 percent for the same period. In platinum group metals, platinum fell 2.1 percent to $1,623.24 an ounce and palladium dropped 3.4 percent to $644.97.

Gold futures

Gold futures sided lower but remained close to a six-day high as market sentiment continued to be dominated by developments surrounding Italy’s debt woes.On the Comex division of the NY Mercantile Exchange, gold futures conveyance traded at USD1,785.35 a troy ounce during early European morning trade, shedding 0.17%. It fast preceding fell by as much as 0.25% to trade at a daily low of USD1,783.55 a troy ounce.

Yesterday at November 8/2011, Italian Prime Minister Silvio Berlusconi announced that he would resign after parliament approves next year’s budget. The announcement came after Berlusconi lost his parliamentary majority during a vote on a budget bill.Investors have been focusing on Italy in recent sessions, after the country’s borrowing costs approached the 7% mark that prompted peripheral euro zone nations, Greece, Portugal and Ireland to seek bailouts.

Meanwhile, in Greece, outgoing Prime Minister George Papandreou was widely expected to name former European Central Bank Vice President Lucas Papademos as prime minister of an interim government later in the day. Elsewhere on the Comex, silver for December delivery slumped 0.68% lower to trade at USD34.91 a troy ounce, while copper for December delivery edged 0.13% higher to trade at USD3.537 a pound.