In a key article published on Monday this week, perhaps arguably the most prestigious globaql mainstream financial newspaper of all, the Wall Street Journal, reported that at least 10 major global banks are being investigated for precious metals market rigging by the U.S. authorities.
The paper notes specifically that it has received reliable information that prosecutors in the Justice Department’s antitrust division are scrutinizing the benchmark price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, presumably into activities on the major commodities markets.
http://www.miningaustralia.com.au/features/are-banks-rigging-the-gold-and-silver-price
1 Comment on Precious metals market rigging being investigated by the U.S. authorities
Polish scientists have developed what they claim is a safer alternative – an antibacterial coating that kills microbes using gold.
Developed at the Institute of Physical Chemistry of the Polish Academy of Sciences in Warsaw, the coating can reportedly be applied to a wide variety of surfaces. It’s said to be very chemically stable, and is able to withstand repeated washings with detergent.
The coating initially takes the form of liquid boron compounds which contain colloidal gold nanoparticles. The object to be coated is immersed in the solution, and a polymerizing agent is then added. This causes the liquid to form into a nanocomposite polymer, coating the surface of the object within about 12 minutes.
It is hoped that once developed further, the coating could be used on things like wound dressings and other medical applications, along with consumer goods such as sportswear, socks and underwear.
http://www.gizmag.com/gold-antibacterial-coating/36196/?utm_source=Gizmag+Subscribers&utm_campaign=5266fe812a-UA-2235360-4&utm_medium=email&utm_term=0_65b67362bd-5266fe812a-90605773
Comments Off on Gold antibacterial coating that kills microbes
“Beadell’s share price has been sliding for over a year now due to several factors, like a falling gold price and the exceptional rainy season. Even though the company has tackled all problems now, the market hasn’t realized Beadell’s performance in 2015 will be much better.” Read the full article – it is a good analysis IMO.
(pdf download)
Comments Off on Beadell (ASX: BDR) could easily double from here
Wait for the download to complete then you can navigate it using your mouse to see Australia 🙂
Comments Off on 10 top Gold Holders infographic
Investigator Resources Limited (ASX Code: IVR) (“Investigator”) is a metals explorer focusing on the opportunities for greenfields silver, gold and copper discoveries, close to infrastructure on the Eyre and Northern Yorke Peninsulas, in the pro-mining state of South Australia. Investigator has the objective of becoming a producer.
The Eyre Peninsula is on the verge of becoming a one of Australia’s new mining provinces…
Comments Off on INVESTIGATOR RESOURCES LTD – a silver, gold, copper explorer worth investigating
If this is correct what are the implications?
Read more
read more
Comments Off on The West to East Gold Exodus
Cashed-up mining specialist private equity funds in the United States and Canada are preparing to buy into gold projects held by ASX-listed juniors starved of capital and funding.
The North American funds’ interest in Australian assets follows a flurry of equity raisings in Canada last month, which saw US-based private equity firms pitch in almost $100 million.
Mr Twigger said private equity interest since January had “been red hot” in gold and there was also interest in nickel and zinc.
Gold has been the best-performing commodity since the start of the year.
Read more: http://www.smh.com.au/business/mining-and-resources/us-canadian-private-equity-firms-hunt-asx-gold-companies-20150216-13ea0e.html#ixzz3Rt5GupnQ
Buy gold bullion or coins?
Comments Off on US, Canadian private equity firms hunt ASX gold companies
I had a pretty interesting conversation today with Peter George an American broker about currency, interest rates, oil, and precious metals. He pointed me to the OIL/Gold ratio shown below:
Note that the ratio is 23 today.
My take:
If you look at the oil Rig Count, that shows the amount of rigs that are currently active in the USA and then think through that the rig count decline is mostly due to rigs being pulled off tight oil – shale oil fields because of the decline in prices making these fields less economic then this may point towards an emerging increase in oil prices in both US$ and Gold as (over) supply comes off.
Baker Hughes reported another significant decline in the rig count for the week ending on February 6. The oil services firm reported that 87 rigs were pulled out of operations last week, which followed a record-breaking 94 rig decline the week before. The number of active rigs is now at its lowest level since 2011, and is down 29 percent since October.
Comments Off on I had an interesting hour long conversation
Lovely Hampton's Inspired Spacious