As expected Gold & Silver Melting like Ice
Sibanye Ready for Gold Acquisition
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the precious metal from South African mines, wants to buy a gold-producing asset by the end of the year, adding to its acquisitions of platinum operations in its home country.
The asset would have to make a “material difference” to Sibanye’s current output, meaning it would have to produce at least 200,000 ounces of gold a year, Chief Executive Officer Neal Froneman said in an interview after the company’s annual general meeting Tuesday. Any acquisition would have to be generating cash to help pay dividends, he said.
Dollar Rally Weighs on Gold
Gold Silver Reports — Open mouth, move the dollar. Comments by Federal Reserve Bank of Philadelphia President Patrick Harker late
Journey of Life
I realized that I don’t have to be perfect. All I have to do is show up and enjoy the messy, imperfect and beautiful journey of …
Fed Signals Higher Rates
Gold Silver Reports — Gold fell for a fifth day, the longest run of losses in six months, as speculation that the Federal Reserve will raise interest rates as early as next month strengthened the dollar and dented the metal’s allure.
Flexible Smartphones Are Coming
Gold Silver Reports — A little-known startup in China is gunning to be the first to sell flexible smartphones this year, seeking to upstage Samsung Electronics Co., which has started to dabble in flexible-screen technology.
Gold Prices Slip by Rs 105per 10grams
Gold Silver Reports — Gold prices fell by Rs 105 per 10 grams at the bullion market on May 23, tracking a weak global trend amid easing demand from jewellers at prevailing levels.