Gold and silver moved further up the price chart yesterday, with the most-actively traded Comex gold contract (February) gaining $26.60 (1.6%) to settle at $1,726.70 per troy ounce. Silver for March …
28. January 2012
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Ivory Coast aiming to fight illegal gold production
In the northern region of Ivory Coast conflicts between local citizens and illegal gold producers have been escalating. Experts believe that the under-developed mining sector of this West African …
28. January 2012
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Bernanke lights a fire under gold and silver prices
“Party on!” was Federal Reserve Chairman Ben Bernanke’s message to Wall Street yesterday, as he announced that the Fed will be keeping interest rates at “exceptionally …
28. January 2012
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South Africa losing favour among mining investors
Considering all the developments that have taken place in South Africa in recent years, it is unsurprising to find the country’s mining industry in decline. Miners are being forced to search for …
28. January 2012
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UK economy shrinks in Q4
President Obama’s State of the Union Address, the Davos meeting of the global financial elite in Switzerland, and confirmation that the United Kingdom’s economy shrunk in the fourth …
28. January 2012
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Italy T-Bill Sale Boosts Hopes for Bond Auction
The Italian Treasury sold the full amount of debt at its planned bill sales, boosting hopes for an auction of longer-dated paper Monday that will provide a more accurate gauge of demand for the country’s bonds.
28. January 2012
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MONEY MARKETS-Euro rates march lower, room for more declines
LONDON, Jan 27 (Reuters) – Euro zone interbank lending rates continued to fall on Friday with plenty of room to slide further given the ample excess liquidity in the banking system, even before the…
28. January 2012
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GLOBAL MARKETS-Greece hopes keep stocks, euro supported; US GDP eyed
By Alessandra Prentice LONDON, Jan 27 (Reuters) – World stocks hovered near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish…
28. January 2012
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Fed To Markets: Buy Gold And Silver
The Fed just spoke. Here’s a slightly edited transcript: Blah blah blah … the economy has been expanding moderately … blah blah blah boilerplate inanity blatant lie … the Committee seeks to foster maximum employment and price stability …. To support a stronger economic recovery and to help ensure that inflation, over time, is at [...]
28. January 2012
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Arab League halts observer mission in Syria (AP)
AP – The deputy chief of the Arab League says the pan-Arab body has halted its observer mission in Syria because of the increasing violence there.
28. January 2012
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