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World Gold Council Say Demand to Rise
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
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.
Libya’s Gaddafi detained, end of reign nigh
Libyan rebel fighters raise their arms in celebration – Source: ReutersLibyan 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…
Remember Silver?
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?
7.0-magnitude undersea quake hits near Vanuatu in South Pacific, no tsunami alert
Tsunami animation courtsey GDACSNEW YORK — The U.S. Geological Survey is reporting a powerful undersea earthquake off the South Pacific island of Vanuatu.
The U.S.G.S. says a magnitude 7.0 earthquake struck at 5:19 a.m. Sunday local time (1819 GMT) at a depth of 28.5 kilometers (17.7 miles). Its epicenter was 69 kilometers (42 miles) south-southwest of the Vanuatu capital of Port-Vila.
The Pacific Tsunami Warning Center says no tsunami warning is in effect.
Vanuatu is part of the Pacific “Ring of Fire,” an arc of earthquake and volcanic zones stretching from South America through Alaska and down through the South Pacific. Read more…
New method detects emerging sunspots deep inside the sun, provides warning of dangerous solar flares news
Sunspots spawn solar flares that can cause billions of dollars in damage to satellites, communications networks and power grids.
But Stanford researchers have developed a way to detect incipient sunspots as deep as 65,000 kilometers inside the sun, providing up to two days’ advance warning of a damaging solar flare.
Viewed from the technological perspective of modern humans, the sun is a seething Read more…
Rare brain amoeba claims three lives
Image Wikipedia
Three young Americans have died this year from a rare water-borne amoeba that swims up through the nose and infects the brain, the Centre for Disease Control (CDC) said.
Naegleria fowleri – an amoeba found in warm freshwater lakes and rivers and occasionally in poorly treated swimming pools – causes a “rare, but severe” brain infection and kills around three people a year, the CDC said.
In the first week the disease causes major headaches, fever, vomiting and a stiffening of the neck, eventually leading to confusion, seizures and Read more…
NASA: First Complete Map of Antarctic Ice Flow Helps Tracking Sea-level Rising
In a bid to track future sea-level increases from climate change, researchers at NASA have come out with the first complete map of the speed and direction of ice flow in Antarctica.
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First complete map of the speed and direction of ice flow in Antarctica, derived from radar interferometric data. Credit. NASA/JPL
The map, which was created by using integrated radar observations from a grouping of international satellites, shows glaciers flowing thousands of miles from the continent’s deep interior to its shore.
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NASA-funded researchers at the University of California (UC), Irvine, used billions of high-resolution radar data points of the continent’s ice flows provided by European, Japanese and Canadian satellites between 2007 and 2009 to extract the clouds, solar glare and land features covering the glaciers.
The researcher’s team, with the help of NASA technology, carefully joined the shape and velocity of glacial formations. The map even includes Eastern Antarctica – an area that, while comprising Read more…
City breaks record for most 100-degree days in a year
Midland is officially in the midst of the hottest summer on record.
With a high temperature of 100 degrees Friday, the record for 100-degree days in one year is now 53, breaking the old mark of 52 previously set in 1964. With triple-digit temperatures expected through the weekend, the hot conditions will continue into the first part of the school year.
Midland experienced 21 days of triple-digit temperatures in 2010.
“This has been an abnormal weather year,” Read more…
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