Gold Buyers | "The Daily Gold Report"

Source - http://mashable.com
By - Harvey Organ
Category - Gold Buyers
Posted By - Cash Gold Buyer



Good evening Ladies and Gentlemen:

Here are your numbers for Thursday, Feb 28.2013:


For gold it looks like 149500 oz will stand as that is the OI for March. (1495 x 100 oz per contract)
Or 4.6 tonnes of gold, which is extremely high for a non delivery month.

The total OI for the gold complex was up only 458 contracts.

Gold Buyers

The OI for April  lowers from 247,653 down to 244,812.


\In silver:  total OI rises to 145,388

The OI for the upcoming MaRCH  contract falls dramatically down to 2597.

The next delivery month of April rises to 76,682 from 70,980.

The volume today was good at 47,026.

The amount of silver that will stand for delivery is only 12,985,000 oz.

The data seems very weird.


Preliminary data for this morning.

Open interest for entire silver complex from 153,319  down to 145,620
Open interest for the front March contract month  9411 contracts or  47,055 ,000 oz
Volume yesterday in silver  78,901


and the first day notice deliveries  799 or 3,995,000 oz


Data for gold:


Open interest falls to 433,750  from 439,990

Open interest for the front March contract:  1,499 contracts or 1,499,000 oz

Open interest for the next May contract  247,653

Volume  184,695 contracts

First day delivery notices:  1,383 contracts or 138,300 oz or approximately 4.3 tonnes of gold

March being a  non delivery month.

Since we had major shortcovering on a high gain in silver and gold price, the OI data seems very suspect.  For the OI in silver to fall so badly during a huge gain just does not make sense.  It looks to me like they are fudging the data.

I will report very late tonight to you  (probably in the early morning hours) on first day notice

Gold Buyers | "American Gold Eagle Coins"

Source - http://www.cmi-gold-silver.com
By - American Gold
Category - Gold Buyers
Posted By - Cash Gold Buyer

World’s most popular gold bullion coins

Gold Buyers

Since their introduction in 1986, more than sixteen million Gold Eagles have been sold. Because American Eagle Gold Bullion Coins (their official name) are the world’s best-selling gold bullion coins, they provide instant liquidity. Still, the Krugerrand is probably the world’s best known gold bullion coin.

American Gold Eagles come in four sizes: 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce. The 1-oz Gold Eagles are by far the most popular and sell at small premiums over the value of their gold content. The smaller coins sell at higher premiums.  Gold Eagles are minted at the US Mint’s West Point, New York facility.

American Gold Eagles are 22-karat gold, which means they contain 91.6% gold and 8.4% of a copper-silver alloy. Because Gold Eagles are 22-karat, many investors incorrectly believe that Gold Eagles have less than an ounce of gold. This is not so.

Gold Eagles: exactly 1-oz ounce of gold
The 1-oz American Gold Eagles contain exactly one ounce of gold, and the smaller fractional-ounce Gold Eagles contain the gold content stamped on them. The copper-silver alloy causes the coins to weigh slightly more than their stated gold contents.

American Gold Eagles: legal tender gold coins
American Eagles are legal tender coins, but their face values are symbolic, as Gold Eagles do not sell at their legal tender values; Gold Eagles sell at prices that reflect the value of their gold content plus small premiums for being coins.

American Gold Eagles: four sizes
The 1-oz Gold Eagle coins are $50 face value, the 1/2-oz coins $25, the 1/4-oz coins $15, and the 1/10-oz coins $5. One-ounce Gold Eagles come in tubes of twenty but can be bought in smaller quantities.

All four American Gold Eagle sizes carry the same design. Gold Eagles minted 1986-1991 are dated with Roman numerals. In 1992, the U.S. Mint switched to Arabic numbers for dating Gold Eagles.

If you would like to discuss buying American Gold Eagles, or would like to discuss any aspect of investing in gold, call us at 800-528-1380. CMIGS takes calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays.

Notes:
The troy ounce is the unit of weight for precious metals. One troy ounce equals 1.09711 regular (avoirdupois) ounces. Where ounce and ounces are used in this Web site, they mean troy ounce or ounces.

Doing Business with CMI Gold & Silver Inc.
The minimum orders for bullion purchases at CMIGS are five ounces of gold or platinum; ten ounces of palladium; 200 ounces of silver. Orders up to $50,000 may be accepted without a deposit. Usually, payment by bank wire transfer is required for larger orders. Sometimes, a deposit may be required before prices are locked in for large orders. For still more details about buying and selling precious metals with us, See Doing Business With CMIGS.

If you are interested buying quantities less than five ounces of gold bullion, visit our Gold Specials Page, which often offers gold bullion in quantities less the five ounces.

- See more at: http://www.cmi-gold-silver.com/american-eagles-gold-coins/#sthash.wK6iAPKd.dpuf

Gold Buyers - Gold Futures Rise Ahead of U.S. Jobs Data

Source - http://www.marketwatch.com/
By - Sarah Turner
Category - Gold Buyers

Posted By -  http://tinyurl.com/DiamondBuyer

Gold Buyers

SYDNEY (MarketWatch) — Gold futures rose on Friday, ahead of U.S. jobs data that are expected to give investors more clues on the health of the economy. 

Gold for delivery in April GCJ3 -0.03%  rose 70 cents to $1,662.70 an ounce in electronic trading hours on the Comex division of the New York Mercantile Exchange. 

The gains came after gold futures fell more than 1% Thursday, as profit-taking set in following an advance fueled by the surprise fourth-quarter contraction for the U.S. economy seen in data earlier this week. 

“Buyers are simply not willing to hold their long positions going into Friday’s session because of the Chinese manufacturing [Purchasing Managers’ Index] and U.S. nonfarm payrolls numbers,” said Fawad Razaqzada, analyst at GFT Markets, in a note out early 

The Chinese manufacturing data, released during the Asian session Friday, painted a mixed picture for the key sector. 

An official government manufacturing index slipped to 50.4 from December’s 50.6, while a rival survey from HSBC showed a rise to 52.3 in January from 51.5 in December. Still, both indexes remained above the 50 mark separating growth from contraction.

Meanwhile, the nonfarm payrolls data are expected to show that the U.S. economy added 170,000 jobs in January and a drop in the unemployment rate to 7.7% from 7.8%, according to a MarketWatch survey of economists. 

“A disappointing figure may help boost [gold] prices, in our view,” said HSBC metal analysts. As was the case after this week’s U.S. gross domestic product data, gold tends to benefit from safe-haven buying if investors are concerned about economic developments. 

Around the wider metals complex, silver for March delivery SIH3 -0.12%  rose 9 cents to $31.44 an ounce, and April platinum PLJ3 +0.26%  advanced $1.60 to $1,677.00 an ounce. 

March palladium PAH3 -0.64%  declined $4.15 to $741.55 an ounce, while copper for delivery in the same month HGH3 -0.23%  lost 1 cent to $3.73 a pound.

Gold Buyers Sydney - Here Is the Robot That Will Extract Water From the Moon

Source - http://mashable.com/
By - Megan Garber
Category - Gold Buyers Sydney
Posted By - http://tinyurl.com/DiamondBuyer

Gold Buyers Sydney

One of the biggest challenges of space travel has very little to do with the traveling itself, and more to do with everything that happens afterward. 

How will humans sustain themselves if we send them back to the moon (and, as planned, to Mars)? Food, even freeze-dried, is heavy. Water, too. Maintenance is expensive, in every sense of the word. 

So, if manned space travel is to become a long-term reality, we'll need to find ways to cultivate the places and planets we visit: to mine their soil for nutrients, to find the water hidden in their depths, to generate the air that will make everything else possible.

NASA has an idea for doing all that, and it takes the form — as so many innovative ideas seem to these days — of a robot. 

Meet the Regolith Advanced Surface Systems Operations Robot — RASSOR, for short. The robot (pronounced as "razor") is an excavator device, designed to extract (yes) water, (yes) ice, and (yes) fuel from the soil of the moon. And from the soil of similarly dusty bodies (like, say, Mars). 

NASA is envisioning that RASSOR, currently in development in prototype form, will not only perform the Greek-fable-meets-rocket-science-reality task of getting water from rocks; it will also take the remaining dust and convert the chemicals it contains into two things crucial to astronauts: air for breathing, and fuel for moving. "The robot," NASA says, "would be the feeder for a lunar resource processing plant, a level of industry never before tried anywhere besides Earth."

How do you design a device that can do all that work? How do you create an automaton that is rover and water filtration center and power plant all rolled in one rolling vehicle? One obvious challenge is mass. 

On the one hand, the robot in question has to be light enough to feasibly fly on a rocket. (It takes about $4,000, NASA says, to send a single pound of payload into space.) On the other hand, though, the machine has to be heavy enough to operate in less gravity than that offered by Earth. (In the moon's case: less than 20% of that gravity.) It also has to be generally substantial enough to dig into soil without tipping over, and to operate — like its fellow lunar and Martian rovers — as a kind of multi-purpose machine.

The current prototype has solved many of those problems by applying its multi-purpose intentions to multi-purpose design. The drums that the machine will use to gather soil double as legs — which can, in turn, help the robot to navigate dusty terrain. (They also allow the 100-pound, 2.5-foot-tall device to dig effectively, since one of those drums can act as a grip to balance the robot as it does its work.) 

Though the current design has given the RASSOR a tank-like shape, with tracks to balance the robot as it roves other worlds, NASA is considering replacing that base with wheels — which would make the next RASSOR iteration a little more Martian-rover-like than the current one. But the modular capability, ostensibly, would be a constant.

A shape-shifting, water-mining spacebot! NASA expects that the RASSOR 2 — the next generation of the spunky little power plant — will begin testing in early 2014.

Gold Buyers | "Gold Testing For Gold Buyers"

Source: http://goldbay.com/
By:  mlgdave
Category: Gold Buyers Sydney 
Posted By: http://tinyurl.com/GoldBuyersGold

GOLD TESTING TOOLS

When you finally decide you want to sell your gold, you want to make sure that your buyer tests your gold and fully informs you with the whole process. I have been to some buyers who will test your gold but they do it in a back room, and don’t show you the results, and then give you a price based on their test.  As well if you were shipping your gold in the mail you would never get to see any test that’s done either.  My personal recommendation is to do business with someone who tests the gold in front of you, and explains how the process works, and shows you the test results.

There are two main types of tests that are being done by gold buyers, electronic testing and acid testing.  Acid testing is the most commonly used and also very reliable and fast. This article will explain the way that test works. Your piece of jewelry will be rubbed up on a black touchstone to leave a gold streak.  The test then involves placing a drop of acid on the streak.  The test always starts with the lowest strength acid which is 10 karat, then 14 karat, then 18 karat and so on. The streak will eventually be dissolved by one of the acids and the result is that whatever the lowest strength of acid is that doesnt dissolve the streak is the purity of the gold.  For example if the streak doesn’t dissolve with a 10 karat acid but dissolves with a 14 karat acid that means that the gold is 10 karat, or if the street doesn’t dissolve with 10 carrot or 14 karat acid but does all’s with 18 karat use then know that the gold is 14 karat. There really is no reason that the gold buyer shouldn’t do this test in front of you so you can see the result.  The test literally takes 5 seconds and is safe. If the person you were hoping to sell your gold to won’t do this test in front of you you should probably question why not, and perhaps find someone who will do this test for you. These test kits can also test your silver and platinum, as well as check for gold plated material as well. I hope this article has been helpful and provides you with more knowledge as to who you may want to do business with.