(Reuters) - Miners ended a strike at South African bullion producer Gold Fields on Friday, while President Jacob Zuma pledged to speed up investment to ease grievances fuelling the worst labor unrest since apartheid. But a month-long strike at Anglo American Platinum, the world's top producer of the precious metal, showed no sign of ending. Workers were also still off the job at Harmony Gold's Kusasalethu mine. With the government calling on miners to return to work, companies have become emboldened to issue sacking ultimatums to thousands of illegal strikers, a hard-ball negotiating tactic that appears to be having some effect.
: Source www.reuters.com/article/2012/10/19/us-safrica-strikes-goldfields-idUSBRE89I0TU20121019Read More >>>>>
Friday, October 19, 2012
Tuesday, October 16, 2012
Obama Better for Gold Bugs
Another term of Barack Obama would be bullish for gold : Phil Streible, Sr. commodities broker at RJO Futures, says Mitt Romney’s pledge to boot Fed Chief Ben Bernanke if he wins puts him at odds with gold investors. An Obama win would be positive and bullish for gold says Phil
Jim Rogers : Gold & Silver will both go much, much higher over the course of the bull market. The bull market has years to go
Daily Bell: Hello, again. Let's jump right in. Where is gold headed – US$5000 an ounce? Is silver headed toward US$350?
Jim Rogers: I'm not smart enough to know something like that. I own gold and silver and there are a lot of bulls right now. If you look at open interest and see all the speculators who own gold and silver, that's usually a worrisome sign. I mean, I am not selling my gold and silver, I assure you, but I do worry about all these speculators getting in the market.
Gold and silver will both go much, much higher over the course of the bull market. The bull market has years to go. How high it will go, I don't know, but maybe read your newsletter – I read it everyday – and so read your newsletter and you will find out where gold and silver are going. I'm not smart enough to know things like that. - in Daily Bell
Jim Rogers: I'm not smart enough to know something like that. I own gold and silver and there are a lot of bulls right now. If you look at open interest and see all the speculators who own gold and silver, that's usually a worrisome sign. I mean, I am not selling my gold and silver, I assure you, but I do worry about all these speculators getting in the market.Gold and silver will both go much, much higher over the course of the bull market. The bull market has years to go. How high it will go, I don't know, but maybe read your newsletter – I read it everyday – and so read your newsletter and you will find out where gold and silver are going. I'm not smart enough to know things like that. - in Daily Bell
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