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Posts Tagged ‘Mexico’

The Central Banks and Gold

August 26, 2011 Comments off

caseyresearch

By Doug Hornig

If the mantra of the wise investor is “Buy low, sell high,” then those who run most of the Western world’s central banks must suffer from dyslexia.

These banks sold off their gold reserves for years, right into the teeth of a generation-long bear market. The last year before the sales began – i.e., during which central banks were net buyers of gold – was 1988, when the price of the metal fell from $485/oz. in early January to $410 at year’s end.

From then and right through the end of the century, they continued to sell as gold dropped steadily to its modern low of $250. The banks were in such haste to divest themselves of this disrespected relic – their single tangible asset – that it was deemed necessary to Read more…

OP-ED Expanding Deserts, Falling Water Tables and Toxins Driving People from Homes

August 23, 2011 1 comment

ipsnews.net

Saharan dust blowing off west coast of Africa, over the Canary Islands, Nov. 11, 2006. Image credit:NASA

WASHINGTON, Aug 23, 2011 (IPS) – People do not normally leave their homes, their families, and their communities unless they have no other option. Yet as environmental stresses mount, we can expect to see a growing number of environmental refugees. Rising seas and increasingly devastating storms grab headlines, but expanding deserts, falling water tables, and toxic waste and radiation are also forcing people from their homes.

Advancing deserts are now on the move almost everywhere. The Sahara desert, for example, is expanding in every direction. As it advances northward, it is squeezing the populations of Morocco, Tunisia, and Algeria against the Mediterranean coast.

The Sahelian region of Africa – the vast swath of savannah that separates the southern Sahara desert from the tropical rainforests of central Africa – is shrinking as the desert moves southward. As the desert invades Nigeria, Africa’s most populous country, from the north, farmers and herders are forced Read more…

Unusual Fault Pattern Surfaces in Earthquake Study

August 12, 2011 Comments off

spacedaily


This 3-D view of the surface rupture of the April 4, 2010, El Mayor-Cucapah earthquake (red line) reveals a new fault line connecting the Gulf of California with the Elsinore fault, which could become a major part of the boundary between the Pacific and the North America Plates. Image credit: Caltech Tectonics Observatory

Like scars that remain on the skin long after a wound has healed, earthquake fault lines can be traced on Earth’s surface long after their initial rupture. Typically, this line of intersection between the area where the fault slips and the ground is more complicated at the surface than at depth.

But a new study of the April 4, 2010, El Mayor-Cucapah earthquake in Mexico reveals a reversal of this trend. While the fault involved in the event appeared to be superficially straight, the fault zone is warped and complicated at depth.

The study-led by researchers at the California Institute of Technology (Caltech) and documenting findings from the magnitude 7.2 event, which was centered in the Baja California state of Mexico-is available online in the journal Nature Geoscience.

The El Mayor-Cucapah earthquake happened along a system of Read more…

Central Banks Continue Buying Gold To Diversify Portfolios

August 5, 2011 Comments off

kitco

Gold purchases by South Korea and Thailand this summer continue a trend in which central banks are net purchasers of the metal as they look to diversify their foreign-exchange reserves.

“So far in 2011, central banks in the emerging markets have already bought more than double the gold they bought in all of 2010, and we’ve got almost five months to go for the rest of the year,” said Jeff Clark, senior precious-metals analyst with Casey Research.

This buying has occurred despite historically high prices. “So apparently, central banks don’t regard the gold price as too high,” Clark said.

For the year to date, net purchases by the world’s central banks are 203.5 metric tons, which already is a 168% increase from 76 tons for all of 2010, said Natalie Dempster, director, government affairs, with the World Gold Council.

Most of the data is gleamed international financial statistics released by the International Monetary Fund at the beginning of each month. Additionally, some central banks—such as Read more…

Gold Prices Spike on Safe-Haven Appeal, South Korea Buy to $1660.10

August 2, 2011 Comments off

thestreet.com

Most Recent Quotes from www.kitco.comNEW YORK (TheStreet ) — Gold prices hit record highs Tuesday as the Bank of Korea bought more gold and as the Senate passed the debt ceiling deal.

Gold for December delivery popped $22.80 to close at $1,644.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,646.80 and as low as $1,618.80 while the spot gold price was skyrocketing almost $30, according to Kitco’s gold index.

Silver prices added 78 cents to close at $40.09 an ounce. The U.S. dollar index was up 0.22% at $74.48 while the euro was down 0.36% vs. the dollar.

With the debt-ceiling issue basically behind U.S. markets, investors are now looking at the health of the economy and the picture isn’t bright. Worries of slowing global growth were the main factors boosting gold prices.

Not only have quarterly growth numbers been anemic and July’s manufacturing index was barely above the critical 50 growth-mark, but the debt plan aims to Read more…

Mexico City is sinking! More gigantic earthcracks in Valley of Mexico

July 27, 2011 Comments off

thewatchers

Excelsior was reporting about the crack which appeared on 13 July in Santa Maria Huejoculco in Chalco, State Mexico. The earthcrack has now reached 1500 meters long. Just after survey work was detected in Santa Maria Huejoculco yet another gap of about four km which reaches La Candelaria Tlapala, was found in the community of Miraflores, in Chalco. This event began back 2009 in a small area of this region but since that time, it has...

Excelsior was reporting about the crack which appeared on 13 July in Santa Maria Huejoculco in Chalco, State Mexico. The earthcrack has now reached 1500 meters long. Just after survey work was detected in Santa Maria Huejoculco yet another gap of about four km which reaches La Candelaria Tlapala, was found in the community of Miraflores, in Chalco. This event began back 2009 in a small area of this region but since that time, it has grown and opened to devour everything around it. The continued sinking of some parts of Read more…

Powerful Shallow Earthquake Hits Gulf Of California

July 26, 2011 Comments off

irishweatheronline

Epicentre. Image Google Earth

Epicentre. Image Google Earth

The Gulf of California,  a body of water that separates the Baja California Peninsula from the Mexican mainland, was struck by a powerful shallow earthquake Tuesday morning.

The 5.8 magnitude quake struck at 11.44a.m. local time. The epicentre was situated 86 km (53 miles) southwest  of Los Mochis, Sinaloa; 138 km (85 miles) north-northeast of La Paz, Baja California Sur; and 142 km (88 miles) west-southwest of Guamuchil, Sinaloa (Mexico).

The US Geological Survey (USGS) measured the seaquake depth at Read more…

Guns in Mexico crimes came from US sting: report

July 26, 2011 Comments off

afp

At least 122 weapons recovered at crime scenes in Mexico have been linked to a US government weapons sting operation gone awry, two US members of Congress said in a report Tuesday.

Operation “Fast and Furious,” run by the US Bureau of Alcohol Tobacco and Firearms (ATF), lost track hundreds of weapons it allowed to be sent into Mexico between 2009 and 2010 in an attempt to track smuggling routes.

“So far, the Justice Department has provided documents that reference at least 48 separate recoveries involving 122 weapons connected to ‘Operation Fast and Furious,'” read the report, issued by Representative Darrell Issa and Senator Charles Grassley.

The two Republican legislators have been leading investigations into the program, which started in late 2009.

Two of the weapons were found at the scene of the killing of Brian Terry, a US Border Patrol agent shot and killed in Arizona on December 14 while trying to arrest armed men preying on illegal immigrants.

“The faulty design of Operation Fast and Furious led to tragic consequences. Countless United States and Mexican citizens suffered as a result,” read the report.

The Mexican government Read more…

Gigantic Crack Opens Up In Mexico

July 21, 2011 Comments off

beforeitsnews

HERE The crack appeared on 13 July in Santa Maria Huejoculco in Chalco, State Mexico, land has now reached the thousand 500 meters long and the authorities have not taken preventive measures, warned James Espinoza Hilario, responsible for planning Social of the project Sierra Nevada of the Autonomous Metropolitan University.

In addition, after survey work was detected in Santa Maria Huejoculco get another gap of about four km which reaches La Candelaria Tlapala, in the community of Miraflores, in Chalco, explained Professor in interview with Martín Espinosa, for group picture Multimedia.

These failures is part of a family of cracks that exist in the region and threaten to spread across the entire area east of the Valley of Mexico, result in the over-exploitation of water table and the proliferation of housing.

This event began back 2009 in a small area of this region but since it has grown and opened wide up eating up everything around it . Read more…

Texas will be getting another eye in the sky

July 14, 2011 1 comment

mysanantonio

Second aerial drone is coming to Corpus Christi.
By Gary Martin

WASHINGTON — A second unmanned aerial vehicle soon will be based at Corpus Christi Naval Air Station, providing surveillance of the Gulf Coast and the U.S.-Mexico border above Texas, officials said Wednesday.

A third Predator drone maintained in Arizona is used to monitor Texas border areas over the Big Bend region and El Paso.

Retired Air Force Maj. Gen. Michael Kostelnik, who heads the U.S. Customs and Border Protection UAV program, told a House Homeland Security subcommittee the new drone would provide additional surveillance, and “on any given day there could be three or more (unmanned) aircraft in Texas.”

Texas lawmakers on the Homeland Security Committee asked Secretary Janet Napolitano in a letter this year to base in Texas one of two additional UAVs approved by Congress.

“Technology is part of Read more…