Central banks join the race for buying gold
Some people seem to think that only western speculators Buy Gold – either that or paranoid conspiracy theorists convinced the world’s about to end.
Some people seem to think that only western speculators Buy Gold – either that or paranoid conspiracy theorists convinced the world’s about to end.
The number of deaths caused by coal mine gas explosions in China declined sharply during the first half of this year, coal mine safety authorities said. A total of 245 people died in 62 gas explosions that occurred between January and June this year, a year-on-year reduction of 31.2 and 25.3 percent respectively, the State Administration of Coal Mine Safety said.
Even with the turmoil in today's markets, Louis James, chief metals and mining investment strategist at Casey Research and the senior editor of International Speculator, Casey Investment Alert and Conversations with Casey, says business really does go on. He stresses that even in the face of what he calls "truly economically suicidal behavior on the parts of world governments," he remains very bullish on precious metals.
The public debt is the money borrowed by the US federal government. The government borrows the money through the issue of securities by the Treasury and other federal government agencies.
I am beginning to feel a bit like one of the French unfortunates stumbling through the fog in the Ardennes, circa 1914. Except that, instead of Germans full of deadly intent coming at me in the gloomy forest, it is a flock of black swans.
With the plunging stock markets terrifying traders, many are running for the hills. Steep selloffs always generate intense fear, a scary emotion from which we humans are naturally hardwired to flee. But in the stock markets, major fear spikes should be embraced. They mark the best opportunities ever seen to buy low, the necessary prerequisite to selling high and multiplying your wealth.
Gold Hedge reports that a German newspaper is telling its readers that it's time to buy gold. Bild Zeitung, is Germany’s biggest- selling newspaper, is the best-selling newspaper outside Japan and has the sixth-largest circulation worldwide. Bild encouraged German people to invest in gold as the global debt crisis continues to deteriorate and cause turmoil in global markets.
Energy-starved Bangladesh is sitting on a huge deposit of coal without any effective exploration plan for its use in generation of electricity, experts said on Wednesday.
Wild swings in the stock markets and economic woes are in the air. I wondered how these affect mining. Obviously gold will go up and up. Maybe oil sands products will go down and down. What of the demand for copper, platinum, uranium and other mined products that go into things people consume? Nobody can tell.
Gemcom Software International Inc., the largest global supplier of mining software solutions, said Exxaro’s Tshikondeni Coal has implemented Gemcom InSite™ as its mine production management solution. Exxaro Resources (JSE: EXX) is a South-African based mining group with operations in Namibia, Australia, China and South Africa.