Thursday, July 12, 2012

Gold Mineweb Daily News: LIBOR scandal brings gold price manipulation once more to the fore

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TOP STORIES | Thursday , 12 Jul 2012                                                     

LIBOR scandal brings gold price manipulation once more to the fore

Manipulation of all things financial, including gold, has been highlighted by the revelations about the fixing of the LIBOR. Governments, central banks and financial institutions all stand accused, but do they care?    Thursday , 12 Jul 2012

Gold back in fashion, next stop $2,300

In his latest edition of the annual In Gold We Trust report, Erste Group's Ronald Stoeferle explains why he sees the gold market entering a new phase and prices heading beyond $2,000.    Thursday , 12 Jul 2012

BCSC raises doubts on Barkerville's huge gold resource estimates

The British Columbia Securities Commission has expressed doubts about the methodology and analysis behind Barkerville Gold's massive resource estimates and has requested further information and an audit of the estimate.    Thursday , 12 Jul 2012

BMO Research cuts commodity price forecasts by up to 10%

Investors should focus on producing mines, low risk country locations, and preferred commodities, BMO Research recommends in its latest Mining Quarterly Strategy.    Thursday , 12 Jul 2012

Gold to hit new high before year end - Eric Sprott

Rallying to a record would mean gold climbing at least 22% from yesterday's close on the Comex in New York, where bullion for August delivery fell 0.3% to $1,575.70 an ounce.    Thursday , 12 Jul 2012

Gold miners should up dividends - pockets of value in platinum

*George Topping and **Michael Scoon discuss gold company dividends, how supply shortages are shaping the landscape for platinum group metals and their views on iron ore and zinc. Gold Report interview.    Thursday , 12 Jul 2012

Deposit grades, depths, types and risks for junior gold investors

Andrew Richmond* defines resources and reserves, different types of feasibility studies and discusses the importance of grade, selectivity and size for assessing gold projects. Interview with The Gold Report.    Thursday , 12 Jul 2012

Gold: Not just for kooks and weirdos

Adrian Ash looks at some very logical arguments from the World Gold Council as to why exactly gold is a very useful diversification tool for big-time money managers.    Thursday , 12 Jul 2012

South American Silver shares tumble on Bolivian mine rule announcement

Shares in the silver miner fell as much as 17.4% the day after Bolivia's leftist president said he would revoke the company's mining concession for the Malku Khota project due to violent protests.    Wednesday , 11 Jul 2012

Lifting ban on Tampakan mine unlikely - Philippine governor

According to South Cotabato governor, Arthur Pingoy, Sagittarius Mines may have to go to court to end the ban on open-pit mining, a method to be used at the huge copper/gold prospect in Tampakan.    Thursday , 12 Jul 2012

Excellon halts Mexico silver mine ops due to protests

Protesters have blocked access to Excellon's La Platosa mine in the northern state of Durango since Monday, following a contested vote on union representation last week.    Thursday , 12 Jul 2012

South Africa's May gold output falls 2.9%

According to the latest data released by Statistics South Africa, gold output fell 2.9% in volume terms in May and platinum group metals 6%.    Thursday , 12 Jul 2012
 

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Renaissance Gold Reports Phase 1 Drill Results at Trinity Silver Deposit

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