Archive for May, 2008
Pricey platinum jewellery loses shine among Chinese people
LONDON/BEIJING: Once a must-have ornament, platinum may be losing its appeal among China’s jewellery-loving city dwellers after prices for the white precious metal struck lifetime highs on supply concerns. The Chinese became the world’s top buyers of platinum jewellery in 2002 when they stormed the platinum market, snapping up nearly 1.5 [...]
Standard Chartered sees rhodium above $10,000/oz
LONDON (Reuters) - Rhodium prices are heading higher and will soon spike through $10,000 an ounce because of supply shortfalls from South Africa, the world's largest producer, Standard Chartered said. Prices of the minor precious metal, used by car makers in autocatalysts and by the glass making industry, are trading around $9,800 an ounce, a [...]
Polyus Gold board to review Gillford challenge, Kazimir offer
MOSCOW - Lord Patrick Gillford, the influential independent on the board of Polyus Gold, Russia's leading goldminer, has warned the board that the company is in danger of an asset stripping scheme devised by chief executive Evgeny Ivanov, and his stakeholding ally, Mikhail Prokhorov. Gillford issued a letter following a press leak to a [...]
Gold price consolidating – analysts looking for further gains ahead
The past ten days have seen what could be yet another sea change in the progress of the gold price with a steady rise from the $860s up to over $930 before falling back a little and consolidating in the $920-$930 range where there seems to be a level of downside resistance. The strong gold proponents feel that this is yet another plateau from [...]
Dubai total gold trade reaches US$7 billion in first quarter 2008
announced that gold trade through Dubai reached US$7 billion in the first quarter of 2008, up by 73 per cent from US$4.08 billion during the same period in 2007. Despite consistently high prices, Dubai's gold trade has witnessed consistent growth over the last six months, registering a 42 per cent increase over the fourth [...]
Sell GLD, Buy GDX ?
Gold's midweek gains were partially given back on Thursday, as the greenback rallied from its lowest level in a month amid rising speculative bets the Fed will start raising interest rates by year-end, its current 'stand pat' signals notwithstanding. The central bank has also signaled that rate cuts are not to be expected next month, despite [...]
Gdf – Gold Reef Resorts Limited – Dealing In Securities By A Director
GDF - Gold Reef Resorts Limited - Dealing in securities by a director Gold Reef Resorts Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002108/06) Share code: GDF & [...]
Kevin Rudd has no petrol price ideas
PRIME Minister Kevin Rudd is already out of touch and out of ideas to help people with rising living costs, Opposition Leader Brendan Nelson says. Mr Rudd yesterday said the Government had done "as much as we physically can" to help families struggling with rising prices such as those at the bowser. The price of unleaded petrol has reached [...]
Analysts remain bullish on Goldcorp’s performance
Goldcorp Inc.'s annual investor day this week bolstered continued confidence from analysts, who maintained or upgraded their ratings and target prices for the company. Canaccord Adams' analyst Steven Butler was sufficiently impressed by the organic growth plans of Goldcorp, as well as the performance of their core development projects, to [...]
Only Gold will do
SHANGHAI Lao Miao Jewelry Co teamed up with the World Gold Council to launch new series of the Only Gold campaign to boost 24-carat gold demand in China. The local jeweler is adjusting its gold jewelry structure by shifting to design-driven 24 carat gold jewelry whose prices are set by piece rather than the traditional way of charging by weight.
