Coin News

The Euro Zone and the Crisis of Sovereign Debt

admin — Sat, 04 Feb 2012 23:12:54 +0000

The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery of the 17 nations found low interest rates too good to be true. As a result, the borrowed funds they shouldn’t have borrowed to finance current debt, was thrown off by the economy. During the 1990s we wrote that one interest rate for all would destroy the euro, but as usual no one wanted to listen. The reason was simple, each nation was and is at a different stage of development and a nation paying 2% rates could now borrow at 4%, which is a giant difference. As debt grew the credit crisis occurred and the rules changed externally. As rates rose sovereigns got into more and more trouble.

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Gold Junior Mining Stocks Poised to Rebound

admin — Sat, 04 Feb 2012 22:13:02 +0000

Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off.
The Gold Report: What is the consensus among Haywood analysts on what 2012 will bring for mine commodities, particularly precious metals?

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The Crucial Pillar of the New World Order

admin — Sat, 04 Feb 2012 21:14:01 +0000

One of the most alluring temptations that face men is the desire to enter the inner ring. C. S. Lewis wrote a wonderful essay with this title. It should be part of every person’s rite of passage into adulthood.
The desire to enter the inner ring is closely related to the desire to maintain a New World Order. There is always an institutional claimant to New World Order status. It is always structured in terms of a series of concentric rings. These rings are always vertical. They are part of a pyramid of power. They are best represented by a stepped pyramid. (See Genesis 11.)

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Gold Fundamental Analysis February 6, 2012, Forecast

admin — Sat, 04 Feb 2012 21:12:54 +0000

Gold is trading at 1727.85 down 31.35. The USD soared today after jobs reports beat forecasts in the US. The US added 243,000 jobs as reported by the Labor Department for the first time since April. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.

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U.S. Non Farm Payrolls Interesting Market Divergences

admin — Sat, 04 Feb 2012 20:13:05 +0000

NFP printed 243K, higher than forecast. As expected markets took out all resistance’s and moved to the almighty important level of 1345/50.
Key highlights from NFP report

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Unemployment Rate Drops, Should You Sell Gold?

admin — Sat, 04 Feb 2012 20:12:09 +0000

Hang on to those precious metals…

View full post on IBTimes.com : Gold

Local Top in Mining Stocks Might Be Just Around the Corner

admin — Sat, 04 Feb 2012 15:13:10 +0000

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Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop

admin — Sat, 04 Feb 2012 15:12:04 +0000

Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.

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Zijin Mining’s 2011 Profit up 20%

admin — Sat, 04 Feb 2012 14:12:23 +0000

Chinese gold and copper miner Zijin Mining Group Co Ltd reported on Friday an estimated 5.8 billion yuan ($919.58 million) profit for 2011, up 20 percent from the prior year.

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Sunken Wreck Holds $3B in Platinum … Maybe

admin — Sat, 04 Feb 2012 14:12:23 +0000

A Maine seafarer said he had found the wreck of a World War II merchant ship off the Massachusetts coast, sunk while carrying a cargo of the precious metal platinum valued today at nearly $3 billion, an unprecedented find that has raised some doubts.

View full post on IBTimes.com : Gold