Archive for August 21, 2011

World Gold Council Say Demand to Rise

August 21, 2011 Comments off


The World Gold Council reports that demand in Asia remains high for Gold. This was seen in Q-2 where total Global Gold demand measured 919.8 tons, almost a record demand at US$44.5-B.

The Top markets were India and China, accounting for 52% of the total Bar and Coin investment and 55% of Global jewellery demand.

The Gold council is also calling for demand to be high 2-H of Y 2011.

Indian and Chinese demand grew 38% and 25% respectively during Q-2 of Y 2011 compared to the same period in Y 2010, the growth is due to increasing levels of economic prosperity, high levels of inflation and Read more…

Car falls into sinkhole on Northwest Side

August 21, 2011 1 comment


At the corner of Elston and Foster in Chicago,Il

An SUV — and its driver — tumbled into a sinkhole and flipped upside down early Saturday on the Northwest Side.

The incident happened at about 5:30 a.m. at the intersection of Foster and Elston in Jefferson Park, officials said.

The driver was able to crawl out of the car and the sinkhole. He was treated for minor injuries at a local hospital, police said.

The hole was caused by a burst water pipe, city officials said.

“A water main broke and the water basically washed away the dirt that supports the street,” said city Department of Water Management spokesman Tom LaPorte. “We don’t know what caused the damage … but we’re working around the clock to fix it.”

The car, an Acura SUV, was removed from the hole, which is about 12 feet deep and 20 feet wide. The intersection will remain closed through Sunday.

Categories: Chicago Tags: ,

Libya’s Gaddafi detained, end of reign nigh

August 21, 2011 Comments off

Libya's Gaddafi detained, end of reign nigh (Source: Reuters)Libyan rebel fighters raise their arms in celebration – Source: Reuters

Libyan leader Muammar Gaddafi has been captured and is being held, the International Criminal Court (ICC) has announced.

Earlier a spokesman for the Libyan government said on state television that Gaddafi, the country’s leader for 41 years, had asked NATO to convince the rebel forces to halt their attack on Tripoli.

He said the leader was prepared to negotiate directly with the head of the rebel National Transitional Council.

Around 1300 people have been killed in fighting in Tripoli.

The dramatic developments come after rebel fighters streamed into the outskirts of the Libyan capital with little sign of resistance, despite an earlier call by Gaddafi for citizens to take up arms and Read more…

Categories: Libya Tags: ,

Remember Silver?

August 21, 2011 Comments off


Because the stealthy take over of Libya by its rebel forces is matched only by the stealth soaring of silver in the last two days. We wonder how long until the perfectly normal and completely SEC-uninvestigated May 1 silver sledgehammer formation repeats again, and when will we see another 5 silver margin hikes in the san of a few days?

Categories: Libya, Silver Tags: , ,

Fukushima Cracks in Earth with Steam Coming Out

August 21, 2011 Comments off