Tag «gold»

Times Mobile “ALIVE” app wins Gold in Smarties India 2013

Alive, the augmented reality initiative from TimesMobile Ltd. bags Gold at the prestigious Smarties India 2013 awards by Mobile Marketing Association (MMA) and pushed the boundaries of mobile marketing to engage with readers like no other media channel. Alive was honored under the Best Product Innovation category for the campaign –‘Giving Print a new lease of …

Change in Tariff Value of Gold and Silver Notified

 In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry …

GOLD REPORT: Umesh Shanmugam

Gold has been in a waterfall-like decline for 2013, off nearly 23% YTD. The price of gold and silver are closer to a bottom than a top. The QE-Infinity is closer to a top and will collapse under its own “goldless” weight. The PaperMoney holders are on the correct side of history. Understand that it …

Rio Tinto agrees sale of Eagle project

Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval. The Eagle project in the Upper Peninsula of Michigan in the United States includes …

Precious Metals Report : Umesh Shanmugam

Precious metals continue to under-perform the broad market. This year’s heavy volume breakdown below key support has many investors and trader’s spooked creating to a steady stream of selling pressure for gold and silver and bullion stocks. While the technical charts are telling me prices are trying to bottom we must be willing to wait …

Gold Update: Umesh Shanmugam

  But since gold has plummeted 17.5% dropping from $1600 down to $1320 per ounce with silver and gold stocks falling also they are now headline news once again. This move has caused some serious damage to the charts when looking at it from a technical analysis point of view. Below are some basic analysis …

SOROS: Gold Has Been Destroyed As A Safe Haven

There’s a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post. A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc. There’s also an interesting section about gold. Q: What is your view on gold? A: That’s a complicated question. It …

Rio Tinto impairments and management changes

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …