Butt Gold?!

Nine Taiwanese were caught by South Korean custom offcials while trying to smuggle gold into the country. Each smuggler carried about 24 pieces of gold, weighing up to 12 pounds, in their rectums. They were promised "a night on the town" in Seoul in exchange for their service. South Korean police have issued warrants for arrest of the man behind the smuggling ring.

Second Quarter Writedowns Smash Senior Gold Producers - Kitco News

In this edition of Kitco News' Mining Minutes, Alex Letourneau shares poor Q2 earnings results that gold producers released this week. Newmont Mining leads the pack with a $2.26 billion writedown on the value of stockpiles and two of its Australian mines. However they are not alone. "Goldcorp put out a loss of $1.93 billion Thursday morning, largely due to a $1.96 billion writedown of its Penasquito mine in Mexico," Letourneau added. Although Newcrest expects outputs of 2 to 2.3 million ounces of gold, the company slashed assets by $5.5 billion last month. Agnico Eagle reported losses of $24.4 million on Wednesday. Finally, Letourneau talks about Freeport McMoRoan's mine shutdown and the impact it will have on the company's production. Kitco News, July 26, 2013.

Gerald Celente - Trends In The News - "The Desire Of Power" - (7/24/13)

"Complete media gridlock, Cuba's harsh self assessment & the lust for more power and control."

Original release: 7/24/13.