With a market cap of less than $10 million, Golden Arrow Resources Corp. (TSX.V: GRG) just released a first-ever NI43-101-compliant resource estimate on its +100 million silver ounces Chinchillas Silver-Zinc-Lead Deposit which is just 30 km away from the productive Pirquitas Silver Mine (reserves: 84 million silver ounces; output: 9 million silver ounces per year) run by Silver Standard Resources (TSX: SSO; market cap: $560 million). The near-by El Aguilar Zinc-Lead Mine and the...
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Warren Buffett, CEO, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) spoke with FOX Business Network’s (FBN) Liz Claman live from Omaha, NE on the eve of the Berkshire Hathaway Annual Shareholder Conference. Warren Buffett discussed Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s succession plan and who might replace him and said, “I’ve used the pronoun he and it’s a he – he will be very good. Maybe 10 years or 15 years from now it will be a she. I...
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Engineering experts over at 911 Metallurgist, with some help from the designers at Neomammalian Studios, break down the innards of smartphones such as iPhone, HTC EVO, Motorolla DROID and Blackberry and how much the raw metals are worth. Source: mining.com/mining-your-iphone 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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The latest price declines of gold and silver resulted in mining stocks tumbling heavily, whereas some stocks notably bottomed and started healthy rebounds most recently. Among our favorite stocks for short- and long-term recoveries is the new silver producer Santacruz Silver Mining Ltd (CVE:SCZ) (TSX-V: SCZ; Frankfurt: 1SZ) which announced the start of commercial production of its 100% owned Rosario Mine in the Mexican state San Luis Potosi last week: “The commissioning of various mill...
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Gold and silver plunged unexpectedly today, giving back what was gained during Japan’s first round of fiscal stimulus. The downfall has not ceased apparently and the metals are expected to tumble further. Experts are advising that the bull market on the lustrous precious metals should not rack up their stakes just yet, saying that selling in gold will further drive down the price. However seeing the most recent decline in gold and silver futures,...
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Gold prices are the focus of a new probe by the Commodity Futures Trading Commission. The Wall Street Journal cites anonymous sources who say the U.S. regulators are trying to determine if they are being manipulated by a handful of banks in London which meet two times per day to set gold prices. This new probe comes as several European banks are just beginning to recover their reputations after the Libor rigging scandal. The Royal...
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The CME raising margins for Silver Futures to such a degree that relative to market price, futures multiplier, and physical demand by consumers is just too high has basically killed the silver market. Throw in the fact that many brokerages have even higher margins than the exchange margins, and outside of a fed announcement, the silver market has all but dried up, when compared to the much more active physical market for silver. The...
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Baupost Group has boosted its stake in Novacopper Inc to 10.73 %, according to a 13G filing with the SEC. The famous value hedge fund, founded by Seth Klarman, had owned 4,600,000 shares, or 9.86% of the Canadian based company. Baupost Group now controls 5,005,298 shares of the company. Baupost Group remains the third largest shareholder of the metals exploration company. The largest shareholder of Novacopper is Electrum Strategic Resources, L.L.C. with 8,872,033 shares, followed by John Paulson’s Paulson &...
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Singapore continues to position itself as one of Asia’s leading financial service countries. The Singaporean government is set to repeal the 7 percent tax on Gold and Silver. The previously announced tax count is set to take place today (October 1st, 2012). This move should help Singapore position itself as a world leader in the Gold and Silver trade. With stock markets, bonds, and other sectors being seen as carrying high-risk, commodity-based trading is...
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High-grade – Higher-grade – Vendome-grade Everything that was reported from the San Javier project by Vendome Resources was extraordinary, not to say sensational. It is rare to read in relevant media about surface rock samples yielding more than 1,000 grams of silver per ton. It is a different story with Vendome. Dozen of assays revealed a silvery glittering visage of a silver monster blinking through the surface. 2,000 grams, 4,000 grams, 8,000 grams, and...
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Bill Gates, Microsoft chairman, offered CNBC his view on gold and silver. Meanwhile Warren Buffett compared the performance of the yellow metal to Berkshire Hathaway over time. Transcript: after last week and this is ceunsettling. i saw gold down, but i haven’t seen by how much this morning. i don’t know if you’ve seen the quote on that. you were talking about gold prices. down about four bucks. 1641. obviously a huge question people...
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