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Gold, silver rise on seasonal demand, global cues

NEW DELHI: Gold prices rose by Rs 190 to Rs 30,440 per ten grams at the bullion market on Wednesday following sustained buying by stockists on pick-up in seasonal demand amid firm global trend.

Silver also rose by Rs 470 to Rs 43,300 per kg on increased offtake by industrial units and coin makers.

Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.

Gold in Singapore, which normally sets price trend on the domestic front, inched up by 0.05 per cent to $1,284.30 and silver by 0.39 per cent to 19.46.

Weakening rupee against the US dollar which makes the import of precious metals expensive further boosted the sentiment, they said.

In the National Capital, gold of 99.9 and 99.5 per cent purity shot up by Rs 190 each to Rs 30,440 and Rs 30,240 per ten grams, respectively. It had gained Rs 210 yesterday.

Sovereign, however, remained flat at Rs 24,900 per piece of eight grams.

In a similar fashion, silver ready rose further by Rs 470 to Rs 43,300 per kg and weekly-based delivery by Rs 345 to Rs 42,475 per kg. The white metal had gained Rs 230 in the previous session.

On the other hand, silver coins remained steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

Article source: http://economictimes.indiatimes.com/markets/commodities/gold-silver-rise-on-seasonal-demand-global-cues/articleshow/34115810.cms

Gold and Silver Prices Try to Halt Decline Today as Ukraine Worries Persist

Another day, another eye on developments out of Ukraine. Gold and silver prices have had a distinct lack of fundamental news in recent days and weeks. That will continue today.

The latest developments out of eastern Europe include the deployment of hundreds of U.S. troops to countries near Ukraine including Poland and Lithuania. The Pentagon says they are going there to conduct exercises, but one can look at it as additional pressure on Russia to resolve the Ukraine crisis.

Ukraine is accusing pro-Russian separatists of torturing and murdering two people as well as shooting at one of its military planes.

The lack of fundamentals for gold and silver have weighed on the metals in recent weeks. The tit for tat going on in Ukraine right now is not enough to push precious metals markedly higher. The rift between Ukraine and Russia is being offset by weak physical demand.

The U.S. dollar is supporting gold and silver prices so far today. The DXY is down 0.1%, which is seen as bullish for gold. A stronger dollar makes gold more expensive for non-dollar holders. A weakening dollar does the opposite and can push prices higher.

Current Gold and Silver Prices

So far, gold is up $3 at $1,284/oz. If gold can end the day positive, it will halt a three-day slide. On a percentage basis, silver prices are performing better than gold. Silver is

Article source: http://www.newsledge.com/gold-and-silver-prices-try-to-halt-decline-today-as-ukraine-worries-persist-6199

The incredibly useful mineral… quartz edition

From Matt Badiali, editor, SA Resource Report:

The U.S. is at the beginning of a big shale oil boom. Some researchers, like Greg Zuckerman, author of The Frackers, think that in a few years the U.S. could become the largest oil supplier in the world.

One of the best ways we can start to profit from this growing trend is through one of the most abundant minerals on Earth… quartz.

The modest quartz is a simple crystal of silica and oxygen – the two most abundant elements on Earth (oxygen is No. 1 and silica is No. 2).

Quartz grains wind up in nearly all the rock in the world. It’s such a hard, resistant mineral that it doesn’t wear out. It isn’t reactive, so it lasts forever. The quartz born billions of years ago now graces beaches around the world.

It is also one of the most useful commodities in the world. Quartz is in glass and computer chips. And it’s in high demand for hydraulic fracturing, “fracking.”

Fracking, as you may know, is one of the key technological developments that sparked the boom in oil production for shale-rock formations. Fracking involves creating a careful series of cracks in the shale to allow the trapped oil and gas to flow out and into the well. Quartz sand is used as a “proppant.” That means it is forced into the cracks made in the rock to “prop” them open. The trapped oil and gas can then easily flow out between the grains.

But you can’t

Article source: http://thecrux.com/the-incredibly-useful-mineral-quartz-edition/

If you’re looking for safe yield, get your money OUT of the U.S. dollar and put it here

By Brett Eversole, analyst, True Wealth Systems:

Your best opportunity for a safe “yield” today is taking your money OUT of the U.S. dollar… and putting into a safe currency the world has left for dead…

You know the story… Cash in the bank in U.S. dollars pays you nothing. Or you can earn a measly 2.7% interest – if you’re willing to lend money to the U.S. government for 10 years.

But who wants to do that?

In short, finding any kind of safe yield is nearly impossible.

If you need yield, I’ve got you covered – but it’s a non-traditional “yield” idea.

It might not be the right trade for you… I’ll let you be the judge. But this idea could safely return 10%-plus over the next year, in our zero-percent world.

Importantly, we’ll make this “yield” by moving money OUT of the U.S. dollar and into another HATED currency – the Canadian dollar.

History shows we could earn 10%-plus over the next year in the Canadian dollar – safely – as things go back to normal.

Let me explain…

The “yield” we’ll earn in the Canadian dollar isn’t traditional… It isn’t a cash payment hitting your bank account. Instead, we’re betting the value of the Canadian dollar will head higher. History shows we can make this bet safely, with 10%-plus upside and just 2% downside risk.

There are two major reasons I expect the Canadian dollar to move up in value. Let’s look at them one by one…

First, the Canadian dollar is a “commodity currency.” This simply

Article source: http://thecrux.com/if-youre-looking-for-safe-yield-get-your-money-out-of-the-u-s-dollar-and-put-it-here/

You may not believe how much someone just paid for a Chinese-made car

A man who owns furniture malls in China just paid $803,300 for a Chinese produced car.

This is a moment of achievement for the Chinese. China’s policies have promoted domestic products… and they’ve been eager to break into the car industry. Currently, 30% of car drivers in China drive a Volkswagen… but Chinese automotive manufactures such as Geely and First Automotive Works (FAW) want to change that.

With all the money sloshing around China… it’s only appropriate for China to build a luxury car. FAW has answered that call. The company was founded under Mao Zedong… needless to say it has been around. Diplomats and government officials would be driven around in many of FAW’s limousines.

Now, FAW is back. China wants luxury… China wants the best… and FAW is giving it to them with the Red Flag L5. It’s understated compared to the flashy Ferraris China’s uber-wealthy usually purchase. Other luxury car makers like Rolls Royce are forecasting some of their best years thanks to demand in China. Stay tuned to see if the Red Flag L5 has what it takes to compete. Take a look for yourself. Click on the picture to see the gallery.

 

More Cruxellaneous:

This is the worst “Wheel of Fortune” contestant ever…

Crazy video: This is what English really sounds like to foreigners

Follow these six simple tricks to win more arguments and get what you want

Article source: http://thecrux.com/someone-just-paid-803300-for-a-chinese-produced-car/

How to improve at anything you want…

My girlfriend at the time kicked me out of her bed in the middle of the night and told me to leave. “Ugh,” she said, “you’re like reading the same newspaper twice.” Which is really embarrassing and humiliating. It was about 3 in the morning and I got my clothes on and left.

So that’s my most prominent Easter memory until right now.

I’d like to tell what happened after that – the storm that went down that night after I left her apartment.

But let’s fast forward 20 years.

She was right. I am like reading the same newspaper twice. I always write about how I got better after my worst moments.

But these experiences are not unique to me. Everyone who has done anything worth doing has been on REPEAT and lived to tell the tale.

This morning I was reading Carol Leifer’s new book, How to Succeed in Business Without Really Crying, about her rise in standup-comedy, and then writing for TV shows like Seinfeld, SNL, and The Larry Sanders Show, three of my all-time favorite shows.

She was a classic mess at points in her career. But she did it. Throughout it, she got better and I learned along with her while I read.

If all you do are these things, you’ll get better at whatever over time. I hope I’m good enough to stick by these principles.

Sometimes I falter. Sometimes I fall off the wagon. I’m back on now but we’ll see.

 

HOW TO GET BETTER AT ANYTHING YOU WANT

Some of these are obvious. Some I’ve

Article source: http://thecrux.com/how-to-improve-at-anything-you-want/

What’s in Store for Gold and Silver Prices Today?

Gold and silver prices are trying to find reasons to head higher today. There’s not much in the way of catalysts out there for precious metals investors. Ukraine continues to be one of the primary drivers for gold and silver prices. When flare ups occur, metal prices rise. When all is quiet, they fall.

The spat between Moscow and Kiev continues today as both sides accuse the other of violating terms of an agreement reached in Geneva last week. U.S. Vice President Joe Biden warned Russia yesterday to pull its forces back away from the Ukrainian border. Biden also said Russian officials should publicly demand that pro-Russian forces release occupied buildings in several eastern Ukrainian cities. Biden warned of additional economic sanctions if Russia fails to do so. Will they be meaningful sanctions is another story.

On the economic data side of things, the FHFA house price index for February will hit the wires at 9 am ET. Existing home sales follows at 10 am ET. The Richmond Fed survey of manufacturing activity for April will release around the time existing home sales.

Current Gold and Silver Prices

Right now, gold prices are trading up about $1, or 0.07% at $1,289/oz. Silver prices are faring a bit better with gains of $0.03, or 0.18% at $19.39. Gold and silver prices are fighting an uphill battle right now. Wall Street is

Article source: http://www.newsledge.com/move-gold-silver-prices-today-6171

A serious health risk every man needs to know

From Dr. David Eifrig, MD, MBA in Retirement Millionaire:

Cash-register receipts are putting your prostate at risk

New research from the Cincinnati Cancer Center – and published in the Public Library of Science journal PLOS ONE – found that traces of BPA (bisphenol-A) in your body is a warning sign for prostate cancer. BPA is found in certain plastics, receipts, and newspapers.

Nearly one in six men will develop prostate cancer. Most cases are found in later stages of cancer, and typically when men are older than 65. It’s a slow-growing disease. But finding the cancer early means men can sometimes make necessary lifestyle changes to stave off the cancer, in addition to finding more aggressive, potentially deadly strains of the cancer earlier.

In the past, BPA has been linked to prostate cancer, diabetes, breast cancer, and heart disease.

The best thing to do is avoid BPA when possible.

Do what I do… I wash my hands after touching receipts (normally I just tell them to keep the receipt) and after reading a newspaper or magazine. And I look for bottles and containers labeled “BPA-free.”

Crux note: Doc’s latest book has nothing to do with your health… but if you’re looking to safely make much more money for retirement, it’s one you can’t afford to miss. Click here to see why.

 

More from Doc Eifrig:

Doc Eifrig: This everyday item could be 10 times dirtier than your toilet

http://thecrux.com/this-everyday-item-is-putting-your-health-at-risk/