Friday, October 12, 2012
World Richest Man buys a Gold Mine
Original source
Billionaire Carlos Slim’s Minera Frisco SAB agreed to acquire mining assets in Mexico fromAuRico Gold Inc. (AUQ) for $750 million in what would be the largest gold deal involving a Mexican company.
AuRico will sell properties including the Ocampo mine and Venus and Los Jarros projects in northern Chihuahua state and a 50 percent stake in the Orion project in Nayarit state, the companies said yesterday in separate statements.
Slim, the world’s richest person according to the Bloomberg Billionaires Index, is betting precious metals will show resilience as the global economy struggles to grow. The price of gold, which is poised to rise for the 12th straight year, hasn’t dropped below $1,500 an ounce in more than a year.
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Stephen Leeb on King World News
Gold Market Manipulation Explained
Oct 10, 2012 by michaelleitner
Increasingly the suspicion is raised that the gold price is kept artificially in check. But who can have an interest in a manipulated price of gold? Central banks? Lars Schall conducted an exclusive interview related to this topic with the technical analyst and book author Dimitri Speck.
Increasingly the suspicion is raised that the gold price is kept artificially in check. But who can have an interest in a manipulated price of gold? Central banks? Lars Schall conducted an exclusive interview related to this topic with the technical analyst and book author Dimitri Speck.
Keiser Report: Parasites Fat on Fraud
Oct 11, 2012 by RussiaToday
In this episode, Max Keiser and Stacy Herbert discuss the very civil lawsuits that are oh so amiable, benevolent, benign, clubby, cordial, courteous and cozy but available only for financial crooks. They also discuss the mysterious algorithm with an unknown motive that accounted for 4% of all quotes on the US stock markets last week. In the second half of the show, Max Keiser talks to Jon Najarian of OptionMonster.com about options trading, high frequency trading and naked short selling.
In this episode, Max Keiser and Stacy Herbert discuss the very civil lawsuits that are oh so amiable, benevolent, benign, clubby, cordial, courteous and cozy but available only for financial crooks. They also discuss the mysterious algorithm with an unknown motive that accounted for 4% of all quotes on the US stock markets last week. In the second half of the show, Max Keiser talks to Jon Najarian of OptionMonster.com about options trading, high frequency trading and naked short selling.
Thursday, October 11, 2012
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