Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
of Peace, Passion, Profits And Philanthropy.
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The new warning sign for gold
www.cnbc.com

The gold trade has become very interesting over the past few months. Both the yen and the euro have recently rallied against the dollar, as the market believes that aggressive accommodation in Europe and Japan has begun to wane. But despite the dollar …

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Avocet Seeks to Remove Entire Gold Hedge in Refinancing Deal
www.bloomberg.com

Avocet, based in London, plans to restructure it finances after cutting gold reserves at the Inata mine in the African nation by half earlier this year. The company will have about 100,000 ounces of gold hedged by the end of the year at $938 an ounce …

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Ignore Government-Issued Stats, Gold Is Still An Inflation Hedge
www.forbes.com

In part three of this series, Elemental Forces On The Price Of Gold, I began my discussion on the forces moving the price of gold. I discussed supply and demand factors, as well as the function of gold as a hedge against outlier economic dislocations …

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Gold reclaims $1300, copper at 2-month high
www.marketwatch.com

Gold has been under pressure as the U.S. Federal Reserve appears set to soon reduce monetary stimulus, or quantitative easing, with policy makers citing improvement in the economy as reason for the move. Asset purchases by the central bank have been …

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Hecla Sees Rising Gold, Silver Output; 2Q Loss Tied To Acquisition Costs …
www.forbes.com

(Kitco News) – Hecla Mining Co. (NYSE: HL) expects the amount of silver and gold it produces to jump in the second half of the year as output at the Lucky Friday silver mine in Idaho returns to normal and as the company continues to ramp up output at a …

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PM Kitco Metals Roundup: Gold Ends Sharply Higher On Short Covering, China …
www.forbes.com

(Kitco News) – Comex gold futures prices rallied sharply in late-morning dealings to end the U.S. day session with solid gains. Both gold and silver saw heavy short-covering following selling pressure seen earlier this week, with some bargain hunting …

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MasterCard Launches in Costa Rica First “Black” Debit Card for Latin America
thecostaricanews.com

The MasterCard director for Costa Rica, Honduras and Guatemala, Gabriel Pascual, explained at a press conference that Costa Rica was chosen to introduce this product because it has a greater number of affluent customers in the region. “We could not …

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Buff, tough Damon stars in a more brawn-than-brains thriller
www.dailyherald.com

The science fiction thriller "Elysium" wants to be many things, among them a thinly disguised endorsement of universal health care (read: Obamacare), a push for amnesty for undocumented aliens, a warning against ruthless totalitarianism and a …

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In Phila., 1000 new apartments coming soon
www.philly.com

The move toward residential architecture and design might be relatively new for DAS — the firm is also currently finishing up an interior renovation of the classic Art Deco apartment building, The Touraine — but it's a logical step for the full …

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