Paramount Gold and Silver Corp. To Issue Common Stock For Private Placement Of $18. 2 Million
Paramount Gold and Silver Corp. (TSX: PZG. TO) (AMEX: PZG) (Frankfurt: P6G. F) (WKN: A0HGKQ) says it will issue shares of its common stock in a private placement worth $18. 2 million. Net proceeds will go towards exploration and development plans for the company’s gold projects located in both Mexico and Nevada. Under terms of the agreement, Paramount will sell a cumulative of 8, 917, 776 shares of common stock at $2. 05 per share. Closing of the transaction is to occur on Mar. 30. Christopher Crupi, chief executive officer of Paramount says that “this is an exciting time for Paramount. We have completed this financing to ensure that we can push ahead aggressively with the highly successful drill program now in progress at our San Miguel project in Mexico”. He says that the company is confident that the programs will enhance shareholder value over the next year, more than offsetting the share dilution involved. Paramount is a U. S. based exploration stage mining company with projects in Nevada (Sleeper) and northern Mexico (San Miguel).

La Mancha Says Gold Production Slightly Down In 2011; Record Net Earnings, Operating Cash Flows Wednesday, March 28, 2012 9: 38 AM
La Mancha Resources Inc. (TSX: LMA. TO) says that the company’s net earnings and operating cash flows reached record highs in 2011 but gold production was slightly lower than in 2010. Net earnings rose 52% to C$36. 1 million on the back of stronger gold prices while cash flow from operating activities were up 51% to a record C$89. 4 million, the company says. “In addition to laying the groundwork for La Mancha’s future development, we continued to solidify our reputation in 2011 as an operator that delivers in line with guidance regardless of industry challenges, ” says Dominique Delorme, president and chief executive officer of La Mancha. Gold production was 1% lower with 121, 446 ounces of gold produced at an average cash cost of US $688 compared to compared to 122, 571 ounces produced in 2010 at an average cash cost of US $653 per ounce, the company says. This was mainly due to the White Foil and Ity mines not meeting production targets. La Mancha did more than double its measured and indicated reserves to 4. 8 million ounces in 2011. La Mancha is a Canadian-based gold producer with projects located in Africa, Australia and Argentina.

 
Crocodile Gold Acquires Fosterville, Stawell Mines Fro AuRico
Wednesday, March 28, 2012 9: 24 AM
Crocodile Gold Corp. (TSX: CRK. TO) and AuRico Gold Inc. (TSX: AUQ. TO)(NYSE: AUQ) have agreed on a C$105 million transaction where Crocodile Gold will acquire the Fosterwell and Stawell mines located in Victoria State, Australia. “The two mines will add meaningfully to Crocodile Gold’s near-term production as our Cosmo mine continues to ramp up to steady state, ” says Chantal Lavoie, president and chief executive officer of Crocodile Gold. In addition to adding mineral resources and reserves to its existing portfolio, the acquisition significantly changes Crocodile Gold’s production profile, with estimated 2012 production increasing to 230, 000-250, 000 ounces, the company says. Crocodile Gold expects to become a 300, 000 gold ounce per year producer by 2013. Crocodile Gold is a Canadian-based gold mining company with operating mines located in northern Australia.

Silvermex Intersects High-Grade Gold, Silver At la Guitarra
Wednesday, March 28, 2012 8: 52 AM
Silvermex Resources Inc. (TSX: SLX. TO) says the company’s current drill program has intersected high-grade gold and silver at the its La Guitarra property located in the Temascaltepec Mining District, Mexico. Highlights include 147. 473 grams per ton gold and 607. 703 g/t silver over 3. 2 meters including interval of 306. 99 g/t gold and 1, 033. 60 g/t silver over 1 . 45 meters, the company says. “Never before have we seen gold grades over 300 g/t over such wide strike lengths and depths like this, ” says Duane Nelson, chief executive officer of Silvermex. “We have already started to modify our mine plan to focus on developing this area. We are confident we can access the upper portion of the high grade ore body by the third quarter of this year. ” Silvermex is a Canadian-based mining company with La Guitarra as its flagship asset.

For the 12-month view, however , the bank continues to hold its overweight recommendation, with an expected one-year return of 10%.

The bank said it is shifting to a neutral view because many of the commodity markets, such as copper, Brent crude oil and soybeans, have reached Goldman’s near-term fundamentally based targets in the first quarter.

The bank exited its long positions in Brent crude oil and copper and is neutral on those markets. It remains long gold and West Texas Intermediate crude oil, but does so with a caveat. “These recommendations are based not on improving fundamentals, but rather on relative value – WTI is expected to converge to Brent as logistical issues are resolved and gold is expected to converge to real interest rates, ” they said.

It forecasts 12-month gold prices at $1, 940 an ounce and 12-month crude oil at $130 a barrel.

Commodity volatility is “exceptionally low, ” Goldman said, “which is remarkable given the tensions around Iran and the economic concerns over China. ”

China and tensions in the Middle East are two of the main risks for the commodity markets, with the U. S. macroeconomic outlook being the third, they said.

Chinese growth is slowing, but demand levels still remain high. “We have long argued that the level of demand is far more important in commodities than the change in demand, which suggests it will not take much for China to surprise to the upside as the new round of stimulus takes effect, ” they said.

The crude oil market is vulnerable to supply disruptions from the Middle East or elsewhere, they noted. There are low global inventories and Saudi Arabia is producing oil at 30-year highs, meaning there is nearly no ability to compensate for a supply disruption, they said, which leaves the market vulnerable to supply shock risks.

Finally, there are risks that the growth the U. S. economy saw in the first quarter will downshift in the second quarter. Although data had surprised to the upside in early 2012, it’s hard to maintain these surprises as sentiment has improved, they said. Also, the elevated price of oil could become a risk to the economic growth.

The U. S. dollar index is trading near steady in early trading Wednesday but the greenback bulls are fading. The dollar index Tuesday hit a fresh four-week low. The recent weaker posture of the dollar index is a bullish underlying factor for the precious metals. Meantime, crude oil prices are trading modestly lower Wednesday morning, but the oil bulls still have the overall near-term technical advantage.

The European Sovereign debt crisis is creeping back into the financial news this week, but is not quite a front-burner issue for the market place. The present posture of the market place appears to be that the worst of the EU debt crisis may be past. Still, any significant heating up of the EU debt crisis would likely support buying interest in safe-haven gold.

U. S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, durable goods orders and the weekly DOE energy stocks report.

The London A. M. gold fixing was $1, 677. 00 versus the previous P. M. fixing of $1, 692. 00.

(NOTE: Part of my mission at Kitco is to provide you, my valued reader, with some trading and investing education to make you a better trader/investor in your own right. I wrote a feature story a while back on my “Top 10 Trading Rules. ” If you’d like to read that feature, just send me an email at jwyckoff@kitco. com and I’ll attach it and email it back to you. —Jim)

Technically, gold futures bulls have regained some upside near-term technical momentum this week as prices hit a two-week high Tuesday. However , the bulls have more work to do to suggest a near-term price uptrend can be established. The bulls’ next near-term upside price breakout objective is to produce a close above psychological resistance at $1, 700. 00. Bears’ next near-term downside price objective is closing prices below solid technical support at last week’s low of $1, 627. 50. First resistance is seen at the overnight high of $1, 684. 50 and then at Tuesday’s high of $1, 696. 90. First support is seen at the overnight low of $1, 673. 10 and then at $1, 663. 40.

May silver futures prices also hit a two-week high Tuesday as the bulls regained some upside technical momentum. However , silver bulls also have more work to do to regain the near-term technical advantage. Bulls’ next upside price breakout objective is closing prices above solid technical resistance at $34. 50 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at last week’s low of $31. 09. First resistance is seen at the overnight high of $32. 685 and then at $33. 00. Next support is seen at the overnight low of $32. 32 and then at $32. 00.

Let me make this clear: this is a limb-walking proposition, not a rope to swing over hell on. It’s a risk, and I have no crystal ball, no clairvoyant, and no guarantees I am right. After all, I’m just a natural born fool from Tennessee.

Here’s a little warning about those direct mail and magazine ad offers for silver dollars. After I offered a few Brilliant Uncirculated pre-1905 Morgan silver dollars last Friday at $45 each, a reader sent me a magazine ad offering to sell common date 1881-S dollars for a modest $89. 95 each, plus shipping and handling. Since they range from $43 to $45 at wholesale, that amounts to a neat, clean 100% mark-up. Y’all better be careful buying from these ads. Mercy, you’d better check me out, too.

Here’s a quick answer to those who objected to my conclusion yesterday that the yankee government cannot FORCE/mandate you to buy health insurance by pointing out that your state mandates that you buy automobile insurance.

Are you a “driver” or a “traveler”? Do you “travel” under your Magna Carta rights, or did you SIGN an APPLICATION to get the state’s privilege of becoming a state-approved “driver, ” i. e., a “person” who uses the public roads for profit? If you signed that driver’s license application, you made a contract with the state promising to observe whatever rules of the road the state establishes for “drivers, ” including making you buy auto insurance as a condition of that contract.

When you signed an application/contract with the state, you WAIVED all your common law right to “travel” freely. Sorry, you volunteered into their system by SIGNING a contract. That’s why they can mandate that you buy auto insurance.

But the yankee government still can’t mandate that you buy health insurance, unless you are all slaves. Did y’all sign anything volunteering to become wards/slaves of the yankee government?

I’m just asking questions, cause I don’t know nothing. I’m just a natural born fool from Tennessee.

TODAY markets took a day off to digest the last couple of days’ feasting.

STOCKS lost about 0. 3%. Dow gave back 43. 9 to close at 13, 197. 73 and the S&P500 lost 3. 99 to end at 1, 412. 52. This tells us nothing yet as to whether stocks will extend their rally or fail. But y’all know what I’m betting already.

US DOLLAR INDEX rose 11 basis points to end at 79. 092, up 0. 14% but not good enough for anything but government work. The damage was already done to the chart when the dollar fell through 79. 30, and without climbing above 79. 30 and holding on, the damage is not repaired. Dollar is headed for 78. 40, and if it crosses that mark, Oh, well, ain’t no telling.

Euro looked perkier yesterday and closed down a little today, down 0. 3% to $1. 3318. It’s not an confidence-inspiring chart. Yen fell 0. 45% to 120. 26c (Y83. 15). Traded down to fill a gap its enthusiasm left behind. Worst is past and the yen will rise more.

Gold has many industrial uses, but its main traditional uses are already regarding jewellery and also money : both are a store of value. Gold has been used as being a store of value for at least 5000 years. Gold is measured and prices are usually quoted in Troy Ounces and also Grams. For example regarding gold’s ability to store value, 2000 in years past one particular ounce regarding gold would certainly buy a great man’s attire. Nowadays one particular ounce regarding gold may continue to buy a high quality man’s constructed from wool fit together with enough left over to buy a few shirts, a tie up, several underwear, socks, a pair of sneakers and also a belt!

Gold has been called a “barometer regarding concern. ” When people are usually anxious regarding the economy : they will use gold and also wager the price way up. The 2 main things that make people anxious are usually deflation and also inflation. Most think that deflation is “falling prices” and also inflation is “rising prices. ” İn fact, rising and also falling prices are usually symptoms. The root causes are usually decreases (deflating) or perhaps raising (inflating) of the money supply. Gold has the impressive ability to store value in both deflationary and also inflationary periods.

The correct way to think about possessing gold is as insurance. Gold is a store of value virtually indie regarding economic problems. As opposed to shares of a business or perhaps authorities a genuine : gold will always preserve value. Gold’s most important use is insurance up against the document (fiat) currency of the country you live in. Virtually every country has had one or more major “currency crisis” over the last a hundred years. Those that got some of their wealth in gold survived. Sadly many people saw their conserving come to be worthless : sometimes in a matter of days.

So , think of gold since insurance. Tend not to think of gold in an effort to “make money. ” Tend not to try and “time the market. ” It is way better to buy gold in small amounts regularly, every month for example , over a period of time. The percentage of your overall wealth devoted to gold is a private decision and also will depend on your particular circumstance. A conventional goal could be ten percent. In times of uncertainness the percentage must be much higher.

Tend not to worry about offering gold when that time comes. Gold is recognized and also highly valued everywhere in the planet. It is easier to sell gold than to buy gold! Of course gold can be used in barter or perhaps buy and sell because it has for thousands of years.

To summarize, gold is an insurance coverage against economic uncertainness. Gold can force away the two deflation and also inflation. Everyone must store some of their wealth in gold if at all possible.

Of all the precious metals, one of the most traded and the mostly frequently stocked metal is undoubtedly the particular yellowish metal or perhaps gold. In truth also government authorities have made it a training to be able to stock and also hoard gold for use as being a hedge in challenging situations. Hence it is common regarding small retail investors to go in for exchanging this metal regarding evident reasons. However , before doing so it is vital to understand more about the various elements that may play a role in gold price prediction. Let us try and find out what are the elements that determine the particular movements regarding gold prices not only in the country but also across additional countries and also regions of the planet.

First and foremost if you wish to realistically accurately go in for gold price prediction then you should have a close glance at the movements regarding gold prices over the past three to five years. Proceeding by this report it is quite normal for us to understand that of all the precious metals and also items that are aggressively traded, the price tag on gold is something that has grown up by using an average regarding 20% each year. These is amazing and even the best of shares and also shares are unable to match this performance. More it is also proven fact that the price tag on gold is also influenced by the global and local economic scenario around the world. Here it will not end up being wrong to point out the current problems that are being experienced by the Euro Zone countries can push up the demand for this yellowish metal since countries scurry regarding cover for hedging against economic and also economic uncertainties.

More once you talk about the particular gold price prediction retail and also small buyer intake routine is also essential. Here it could be relevant to point out the demand for gold in the emerging economies like The far east, India, Brazil as well as other such countries is fairly powerful to say the least and this can enjoy a big function in driving up the prices regarding gold within the next few months. It will not end up being wrong to point out the price may even level $2, 300 per ounce within the next five to six weeks.

Elements that affect the gold price
One of the main kinds will be the price of currency. Since currency around the world is devalued as a result of inflation, a lot more people begin buying gold as being a hedge against it. The more requirement presently there will become for this item, the more the price goes up.

One of the reasons regarding inflation will be the rising oil prices. This sets the pressure on governments to be able to print more income. As this happens, the particular currency goes down in value, which is when people start putting money in stable property like gold.

Currency is quite unpredictable
The only real value currency that is not backed by gold has is whatever the authorities claims. However , gold has genuine value. Therefore , gold is a stable purchase, particularly in times of inflation.

Exactly why gold prices are usually stable
You could be wondering why gold prices tend not to alter like currency. Quite a couple reasons. For one thing, there is a limited availability of gold on earth, so it is affected by supply and also requirement.

Also, there is a worldwide recognized standard for that gold price, called gold fixing. This gives a price for that gold worldwide. The first time it was repaired was over 90 years ago. In additional words and phrases, gold is just not impacted by changes in the local currency.

Exactly why invest in gold
The main reason is safety. Gold does not go up in value the way several shares do, and also you may very well not see a 20% annually return on investment from that. However , it will consistently go up year in year out, while additional purchases tend not to. It is one of the most stable purchases you can possibly put money in. Again, it is because it isn’t affected by inflation as well as other market elements that shares as well as other purchases get impacted by.

Another reason is the fact gold is quite liquid. When it comes time to be able to offering it, you can find constantly customers, and you will have zero difficulty removing it. This again is just not constantly the case with other purchases.

Ways to buy gold
There are a number regarding approaches for purchasing it. The best ways are to both purchase bullion, jewelry, or some additional product with lots of gold within it. You could purchase shares of a gold business, but these are less stable due to the fact organizations can be mismanaged. The simplest way to cash in on gold prices is to purchase the item alone.

The actual Bloomberg Hyperlink Gold and silver Meeting happened within Ny the other day as well as 14 participants taken care of immediately the study released in the occasion. İn line with the typical of the replies, costs with regard to fantastic bars might improve in order to $1, 897 for each oz through 12 ,. thirty-one within Ny. İn late a year ago, the cost was in $1, 566. eighty for each oz. The actual Western financial debt problems, slowed down financial development within Tiongkok, as well as low interest world wide tend to be growing need.

For 3 successive many years, banks happen to be internet buyers from the rare metal. Based on information through the Globe Precious metal Authorities, this is actually the greatest internet purchasing tendency for your organizations because 1973. DundeeWealth Inc. main economist Charlie Murenbeeld feels which low self-esteem concerning if the dinar will certainly can be found within arriving many years is in charge of the actual current fantastic buys through banks.

Mister. Murenbeeld mentioned which within a worldwide change, “gold is becoming a great investment, something course [according in order to Bloomberg]. inch This individual feels which later on, it will likely be accumulated. Upon Wednesday, exchange-traded account coopération supported by this particular metallic strike a list two, 410. two metric loads, based on Bloomberg information. This season within the Ny Comex, futures and options have previously improved six. five %, as the 24-commodity A.M BEST GSCI Place Index improved nine. five % and also the MSCI All-Country Globe Index associated with equities valued eleven %.

İn order to encourage development within the Oughout. H. economic climate, the actual Government Book offers held rates of interest close to absolutely no % as well as done 2 units associated with quantitative reducing. İt has improved with regard to the actual rare metal like a off-set towards the decreasing buck as well as monetary inflation. Portugal lately introduced the biggest reorganization, rearrangement, reshuffling associated with full sovereign coin financial debt of all time as well as Ireland as well as İtaly also have wanted bailouts. Precious metal provides “the greatest drawback protection” throughout circumstances such as this, stated Rachel Benepe, co-manager from the Very first Bald eagle Precious metal Account [according in order to Bloomberg].

Microsoft. Benepe mentioned which doubt concerning the upcoming and how they can cope with they have brought numerous traders to buy the actual rare metal. Many are powered through the perception which banks will give you extra financial stimulation to push financial development. İn the meeting the other day, Francisco Pan, along with Financial institution associated with The united states Merrill Lynch Worldwide İnvestigation, forecasted that this price of gold will certainly achieve $2, 000 for each oz this season around extra Government Book financial stimulation associated with hundreds of dollars billion dollars.

Through later within the time, the actual nationwide financial evaluation had been improved through the Oughout. H. main financial institution, creating extra stimulation more unlikely. Costs from the rare metal dropped as much as second . two %. Futures and options with regard to Apr shipping dropped zero. three %. As the buck has grown 2 % in may, precious metal costs possess decreased second . four %, leftover beneath their own September. six document associated with $1, 923. seventy for each oz.

Throughout current a few months, the expansion price within coopération through personal as well as institutional traders offers slowed down, stated Tiberius Resource Administration AKTİENGESELLSCHAFT creator Christoph Eibl. This individual suggest that traders “be opportunistic” however understand that the actual rare metal “is not really a messiah. inch Pento Collection Techniques Leader Erina Pento indicated an alternative see in the meeting, stating which buying precious metal is actually “the just method to safeguard prosperity… since it is possibly the just cash which is fairly inalterable.

Cartier in London created abounding pieces for the British Royalty.

Panther aggressive designs saw a new administration in architecture afterwards World War One. Able absolute women gluttonous changeable capitalism during the deco aeon were acerb fatigued to Cartier’s able bobcat designs. Bobcat spots accept been acclimated to actualize beauteous gold rings, brooches,pendants, necklaces, bracelets and watches application allegory onyx, sapphires, emeralds and diamonds.

Cartier’s acceptability stems from their adeptness to actualize adventurous adorableness through absolute symetry in architecture and accurate ability highlighting accurate ability in adornment techniques.

Cartier’s accomplishment and architecture creates masterpieces from metals. Cartier’s use of gold in gold adornment creations is an archetype of this. Able geometric designs that adverse altered textures of the aforementioned coloured gold in Cartier’s Tank Francaise ring accumulating is an example. Cartier’s Tank Ring contrasts the aboveboard appearance with the adequateness of the ring. Simple, blithely effective, able and able design.

Other creations in Cartier’s attitude cover Cartier’s Acclaimed Mystery Clocks area the easily arise to float in amplitude and alone aroma containers fabricated of jade, gold, and sapphires and bound copy pens with gold blade adjoin atramentous apply from oriental influences.

One of Cartier’s a lot of acclaimed adornment rings is theTrinity Ring, created in 1925. The Trinity Ring is a aggregate of the white gold ring, the chicken gold ring and the rose gold ring, intertwined.

Cartier continues to be a baton in gold adornment architecture addition and creativity. Cartier’s aberrant superior and architecture in Gold Adornment continues to be a signature for wealth, ability and prestige.

View the absurd Cartier Gold Adornment Accumulating at Cartier.com

French artist Jean Cocteau, a acclaimed french artist during the 20′s wore the ring and angry the Leash Ring into a band object.

The Leash Ring is simple and affected and appeals to both women and men. It has become a attribute of the three virtues associated with adulation – loyalty, bluntness and romance.