Monday, June 3, 2013

Platinum Price Spikes after man killed at Lonmin's Wonderkop


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A man believed to be a National Union of Mineworkers' (NUM) member was killed, and another person was injured in a shooting at Lonmin's Wonderkop hostel on Monday, North West police said.

"One died at the scene and one has been taken to the hospital," Colonel Sabata Mokgwabone said.

According to the police's initial information the shots were fired between 11am and noon.

Police could not immediately confirm a report that one of the men shot at was a NUM shop steward. They had been told he was a member of the union.

The area had been fraught with labour-related difficulty since last year.

In August, 34 people were killed in a clash with police during a strike at Lonmin's Marikana mine.

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Geneva Business Insider - Gold and Japanese Insanity

From corbettreport

David L. Smith of the Geneva Business Insider blog joins us once again for our monthly conversation on economics, finance and politics. This month we delve into the pipeline proxy war behind the Syrian destabilization, the latest calls by Merkel and crew for an end to austerity, and the insanity taking place in Japan in the name of Abenomics. We also discuss the booming demand for gold and the tricks being played by the bullion banks to get out of their short positions while the market is suppressed.

Eric Sprott on Gold and Money Printing

Eric Sprott discusses Gold, the GLD and Fed money printing. Listen to the KWN interview here

Truth About Markets

Max Keiser and Stacy Herbert with the Truth About Markets for Resonance 104.4 FM in London.