NWM Mining Corp fka NWMMF

[Renee]

NWMMF acquisition / merger / amalgamation. FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[redlepper]

giraffes? giraffes!

[crossbow]

They were for several years, but not getting the ore they expected. They are setting up financing to reopen and continue mining. It's a hit or miss deal. Looks better now than it did 6 months ago.

[JohnCM]

Are they mining yet?

[crossbow]

Looks like it struck out.

[Rocky-]

What happened to this stock? 0.15 to 0.0035? Massive dilution and a worthless property?

[AOuvier]

NWMMF 0.006 close Friday, 0.0031x0.006
Share Structure
Market Value1 $1,735,248 a/o Jan 30, 2014
Shares Outstanding 403,546,000 a/o Apr 29, 2011
Float Not Available
Authorized Shares Not Available
Par Value No Par Value

[Spuds McKenz66]

took a crap ... what happened? tax right off i guess bought at .175

[the cork]

I might too, but I'm gonna wait until after the share consolidation.

I think that's what's slowing us down right now.

[eom7]

May have to pick up a couple 100k if it trades... sub .02

[the cork]

NWM Announces Proposed Financing, Debt Reduction and Share Consolidation

TORONTO , Nov. 28, 2012 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (NWM.V) is pleased to announce that it has engaged Sunel Securities Inc. (the "Agent") as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of $0.05 per unit for gross proceeds of up to $8,000,000 (the "Offering"). Each Unit will consist of one common share ("a Unit Share") and one whole common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder, on exercise, to purchase one common share at $0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.

The Offering is expected to close on or before December 21 st, subject to the completion of satisfactory due diligence, preparation of definitive documentation, receipt of TSX Venture Exchange approval and other customary closing conditions.

The Company also wishes to announce a special meeting of its shareholders (the "Meeting"), scheduled to be held on or before February 28 th, 2013 in order for shareholders to approve consolidation of the Company's common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares.

The consolidation requires the approval of two-thirds of the common shares represented at the Meeting in person or by proxy and will be described in greater detail in a management information circular to be delivered to shareholders. The directors of the Company believe that the consolidation is in the best interests of the Company's shareholders.

The above transactions remain subject to certain regulatory approvals, including acceptance by the TSX Venture Exchange.
Additional information about NWM can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the success of exploration activities, price outlooks, production expectations and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.



SOURCE: NWM Mining Corporation
Contact:
please contact NWM Mining Corporation at [phone].

http://finance.yahoo.com/news/nwm-announces-proposed-financing-debt-211500808.html

[the cork]

And a raid! Gold at 1716.80

[the cork]

Spike! Gold 1749.80, Silver 34.00, Copper 3.5162

[the cork]

Spot: Gold 1716.00, Silver 31.87, Copper 3.4450

[the cork]

Sluggish so far - Gold 1682.90, Silver 31.06

[the cork]

Gold rebounds at 1724.00

[the cork]

Comex Gold 1714.30, Silver 32.06

[the cork]

Spot Gold 1724.60 Silver 32.28

[the cork]

Morning fix Gold 1744.10 Silver 32.96 Copper 3.6870

[the cork]

Gold 1761.80

[the cork]

Metals: Gold 1771.60 Silver 34.18 Copper 3.7395

[the cork]

Comex PRECIOUS METALS: Spot Gold Lower but Steady
Oct 10, 2012 By Laura Clarke

Spot gold is a touch lower in Europe and while analysts don't expect dramatic downswings for the well-supported yellow metal, platinum prices have fallen as mining labor tensions in South Africa continue to concern investors.

At 1052 GMT, spot gold was 0.1% lower at $1,762.56 a troy ounce.

Gold prices have been downbeat in recent sessions as investors have looked to wider markets and currency moves for direction.

Downgraded global growth forecasts this week have weighed on the wider markets, while continued uncertainty in the euro zone over Greece and Spain's debt crisis in particular have pressured the region's common currency lower, sending the euro to trade at $1.286 against the greenback Wednesday. This relative dollar strength weakens precious metal prices as it makes the complex less appealing to other currency holders.

"The debt crisis in the euro zone remains a dominant theme. The crisis-ridden countries have been reluctant so far to seek help as they fear the austerity conditions that this would necessitate and further protests from their populations," said analysts at Commerzbank.

However, much greater interest in gold exchange-traded fund products displayed in recent weeks is supporting prices.

"[This] is attributable above all to the ultra-loose monetary policy of central banks, which is fueling fears of reduced purchasing power as a result of inflation and currency devaluation," said Commerzbank analysts, adding that this reduces the chance of "any prolonged downswing."

Analysts expect there is enough underlying support to keep prices in a tight range for now, and gains made on the back of September's central bank easing announcements are unlikely to be fully reversed.

"We think we will see an element of stability set in over the precious metals complex over the next day or two, as the complex has been down for three days in a row now and is due for a bounce," said Ed Meir of INTL FCStone, adding that the yellow metal is no longer as overbought as it was last week, further making the case for a mild rebound.

Looking ahead, market participants are expected to continue to track wider markets and political developments in the euro zone in particular for direction amid nervous positioning.

Elsewhere, platinum was lower by around $20 on the day, as persistent tensions in key producing nation South Africa continued to worry investors.

More than 2,000 workers were fired Tuesday from a platinum mine run jointly by Atlatsa Resources Corp. and Anglo American Platinum Ltd. That followed Anglo American's firing on Friday of 12,000 employees for failing to appear at a disciplinary hearing stemming from a strike they had launched.

Also Tuesday, South Africa's three top gold-mining companies met with unions to try to resolve strikes that have crippled their operations.

At 1156 GMT, spot silver was 0.4% lower at $33.77/oz, platinum was down 1.3% at $1,662.20/oz, while palladium was 0.6% higher at $648.90/oz.

Write to Laura Clarke at [e-mail]

(END) Dow Jones Newswires

10-10-12 0716ET

Copyright (c) 2012 Dow Jones & Company, Inc.

http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Platinum_Slips__Spot_Gold_Lower_but_Steady_187012716.html

[the cork]

Gold 1764.80 Silver 33.74

[the cork]

Gold 1775.40 Silver 34.10

[the cork]

Metals: Gold 1785.10 Silver 34.83 Copper 3.7689

[the cork]

Gold 1792.50 Copper 3.7669

[the cork]

Gold 1779.40, Copper 3.7504

[the cork]

Gold 1778.50

[the cork]

Gold 1776.70, Silver 34.73
Hits Highest Price Since November 2011
Oct 01, 2012 By Matt Day

NEW YORK--Gold futures hit the highest price in 2012 on Monday, as the president of the Federal Reserve Bank of Chicago said the central bank's bond-buying program would likely continue through next year.

The most actively traded contract, for December delivery, recently traded up $16.70, or 0.9%, at $1,790.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Futures rose as high as $1,794.40 a troy ounce, the highest intraday price since mid-November 2011.

Speaking on CNBC, Charles Evans said the Fed's new bond-buying program, announced last month, would likely extend through 2013. Such easy money programs can draw investors looking for a currency or inflation hedge into precious metals.

Much of gold's 5% gain in September came in anticipation of, and reaction to, the Fed's latest effort to boost the U.S. economy, traders say.

-Write to Matt Day at [e-mail]

(END) Dow Jones Newswires

10-01-12 0940ET

Copyright (c) 2012 Dow Jones & Company, Inc.


http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Gold_Hits_Highest_Price_Since_November_2011_186508701.html

[eik]

Caesars Report: NWM Mining - Financial update.
September 24, 2012

Last Friday, NWM Mining Corp. (NWM.V) announced an update regarding their debt situation. The company announced they were able to extend the maturity date of their debt for six more months. Although it’s reassuring they were able to get six additional months, the price for the extension was high. Not only did the company had to pay $150,000 in cash, NWM also had to issue 10.5M shares to Renvest Mercantile Bancorp Inc., for a total consideration of C$780,000 based on a share price of C$0.06. This seems to be a very high price for an extension of only six months.

Positive

NWM has six additional months to pay approximately $20M in debt and interests
Negative

The interest rate is still sky high at 15% per annum
NWM has to pay $150,000 in cash
NWM has to issue another 10.5M shares to Renvest, meaning 2% more dilution
Conclusion

Renvest definitely ‘won’ the negotiations. They agreed to extend the maturity of the debt, but the price NWM is paying for this extension is extremely high.
http://www.caesarsreport.com/blog/nwm-mining-financing-update/

[LODE MAKING ME RICH]

NWM NEWS OUT !

NWM Drills 1.03 g/t Au over 23.0 Meters from surface at Gold Ridge
BY Canada NewsWire
— 9:00 AM ET 09/27/2012
TSX Venture Exchange
Symbol: NWM
Shares Outstanding: 501,092,777
TORONTO, Sept. 27, 2012 /CNW/ - NWM Mining Corporation (NWMMF) is pleased to report on the progress of the air-track (AT) drilling program conducted on the Gold Ridge target at Lluvia de Oro. Located approximately 500 meters west of the Lluvia de Oro / Creston pit, Gold Ridge consists of a quartz porphyry / felsic volcanic unit with an exposed strike length of 1.4 kilometers and an approximate thickness of 200 meters. Initially defined by highly anomalous gold in soil geochemistry, wide spaced percussion drilling in 2011 and diamond core holes L11-066 and L11-067 confirmed the presence of gold near surface and at depth. In 2012 (see the Company's June 6, 2012 Press Release), 20 percussion holes intersected gold mineralization along the east flank of Gold Ridge, expanding the lateral distribution of the gold mineralization while also identifying 3 target areas, the North, Central and South Zones (Figure 1) for follow up drilling.

During June and July 2012, approximately 1,700 meters of drilling were conducted primarily on the northern and central targets with drill hole spacing on a 50 x 25 meter grid to a nominal depth of 30.6 meters. All drill holes were vertical.
Drill results from the Central Zone continue to define a near surface resource adjacent to and extending northeast from the previously defined target. Due to the elevated gold grade encountered in this area a preliminary pit design has been completed and 2 benches will be blasted in the next few days in order to provide material for metallurgical testing.
The quartz porphyry at Gold Ridge, having substantial size and hosting favorable near surface mineralization continues to show the potential to expand project resources in a new lithology.

"Gold Ridge is a new lithology for hosting gold on the Lluvia-Jojoba project. Whereas the Lluvia deposit is hosted in sediments and the Jojoba deposit principally in metamorphic rocks, Gold Ridge is a volcanic rock type that was previously only known to occur in drill holes at depth approximately 800 metres east of the ridge. This could have geological significance in the search for new gold mineralization on the property and we are encouraged to see gold grades in material starting from surface and detected so far to depths of 30 meters. This combination, and the potential for substantial size makes Gold Ridge the most exciting new exploration initiative on the Lluvia-Jojoba project," said Chris Berlet, CEO.

Samples from the drill program were split in the field, bagged, tagged, and shipped to the ALS-Chemex sample preparation facility in Hermosillo. Samples were analyzed for gold by fire assay with AA-finish, and an additional 35 elements by induced-couple plasma (ICP) methods. ICP data indicate that the gold-bearing intervals are low in copper and other elements that may affect recovery.
Results of this percussion drilling program are being used to define shallow mineralization and to develop follow-up drill targets for reverse-circulation (RC drilling) and core (diamond) drilling programs.

A summary of select results from the Central Zone are listed in Table 1 below. The width of the sample is the true width.
Hole # From
(m.) To
(m.) Width
(m.) Interval Weighted
Average (g/t Au) Au (g/t)
Maximum
12-GR-AT-81 0.0 30.6 30.6 0.517
including 0.0 21.6 21.6 0.650
including 5.4 7.2 1.8 2.62

12-GR-AT-82 0.0 30.6 30.6 0.130
12-GR-AR-86 0.0 30.6 30.6 0.349
including 21.6 23.4 1.8 1.66

12-GR-AT-87 0.0 30.6 30.6 0.489
including 0.0 16.2 16.2 0.730
including 0.0 1.8 1.8 1.27

12-GR-AT-88 0.0 30.6 30.6 0.430
including 3.6 25.2 21.6 0.530
including 14.4 16.2 1.8 1.965

12-GR-AT-89 0.0 30.6 30.6 0.336 0.997
12-GR-AT-90 0.0 30.6 30.6 0.050

12-GR-AT-92 0.0 30.6 30.6 0.818
including 0.0 23.4 23.4 1.030
including 21.6 23.4 1.8 3.03

12-GR-AT-93 0.0 30.6 30.6 0.704
including 10.8 27.0 16.2 1.000
including 21.6 23.4 1.8 1.65

12-GR-AT-97 0.0 30.6 30.6 0.294
including 19.8 21.6 1.8 1.465

12-GR-AT-98 0.0 30.6 30.6 0.057 0.454
12-GR-AT-99 0.0 30.6 30.6 0.048 0.396
12-GR-AT-102 0.0 30.6 30.6 0.247 0.887
12-GR-AT-103 0.0 30.6 30.6 0.418
including 5.4 7.2 1.8 4.25

12-GR-AT-104 0.0 30.6 30.6 0.350
including 27.0 28.8 1.8 1.745

12-GR-AT-105 0.0 30.6 30.6 0.041 0.139
12-GR-AT-106 0.0 30.6 30.6 0.020 0.091
12-GR-AT-107 0.0 30.6 30.6 0.014 0.800
12-GR-AT-108 0.0 30.6 30.6 0.296
including 10.8 12.6 1.8 2.89

All AT drill-holes in Gold Ridge, showing weighted averages of Au (g/t).
http://www.nwmcorp.ca/news/pdf/120927-map.pdf
Mr. Jos Hantelmann, MAusIMM (CP) is an independent geological consultant and designated Qualified Person pursuant to National Instrument 43-101 of the Canadian Securities Administrators for this press release and has reviewed and approved the technical disclosure contained herein.
NWM is an emerging gold producer with two currently defined ore bodies containing NI 43-101 compliant gold reserves and resources. The Company is focused on demonstrating profitable operations at the Lluvia de Oro and La Jojoba gold mines, and on growing reserves and resources through exploration.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information" as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Mexico, if any; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's other regulatory filings filed with the Canadian Securities Administrators and available at www.sedar.com. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

[the cork]

Gold 1773.40

[the cork]

$1777.10 Nice gold move today!

[LODE MAKING ME RICH]

I bought in at .059, not its lowest PPS but still low enough to invest in. If I free up some more $$$$ in the future, I will put even more into NWM.

[the cork]

Gold at 1747.70

[the cork]

They've done pretty much everything they said they would do on the web site. There are some debt issues, but seemingly nothing insurmountable.

I've migrated in and out of NWM a few times. I want to be "in" when they do make the move cause the leverage from .05ish is tremendous and the downside would seem to be limited. GL LODE !

[LODE MAKING ME RICH]

Alright, lets see this company ( NWM Mining ) start going up, up, up, ! and start making all shareholders some BIG BUCKS ! GO ! NWM !

[LODE MAKING ME RICH]

Well, I went and sold a few of my little crappy stocks and bought in with a small amount of NWM Mining. It is not much , only 2400 shares @ .059, I will make this a LONG TERM Investment like ALL my GOLD / SILVER MINE INVESTMENTS.

[LODE MAKING ME RICH]

Does anyone have more info on NWM ? Their website isn't exactly up to date as for a lot of information. I do see that NWM is close to one of my other gold mines.

[LODE MAKING ME RICH]

Has any of this actually happened from their web site ?


Property package contains two known gold deposits, Lluvia de Oro and La Jojoba
Existing Proven and Probable Reserves are 384,361oz
Currently ramping up daily production towards commercial production
Multiple exploration targets on Company ground have been identified
Current Leach Pad Construction completed for all 2012 mining requirements
Mining friendly, politically stable jurisdiction with excellent infrastructure and human resources

[LODE MAKING ME RICH]

Hi all, I have not bought any NWM yet, but wanted to hear from the longs here as to what THEY believe will happen with NWM. I have been doing DD on it and I am tempted to buy in, but I always like to hear from other LONG investors. Kind of like listening to the boots on the ground.

[the cork]

Spot Gold 1763.20, Silver 33.98
Europe Concerns Weigh On Gold, Platinum Sinks
Sep 24, 2012 By Laura Clarke

Precious metals are lower in Europe, in line with declines in wider markets and the euro as investors look to see if spot gold can push out of its recent rangebound trading this week, while platinum group metals were sharply down.

At 1015 GMT, spot gold was 0.9% lower on Friday's close at $1,756.87 a troy ounce. The yellow metal hit a fresh multi-month high at $1,787.40/oz Friday, before sharply reversing.

European stocks fell and the euro weakened against the dollar Monday as concerns about Spain and Greece in particular prompted investors to consolidate recent stimulus-fueled gains.

"Gold is unable to completely resist the generally weak market environment in which commodities find themselves and is likewise falling moderately as the new week begins," said analysts at Commerzbank.

"The decrease in price is due primarily to profit-taking following the previous sharp rises in price," they said.

However, "even though gold is recording slight losses this morning, it should remain in high demand in the current market environment," they added.

Concerns over Europe's ability to tackle its debt issues persist Monday after German and French leaders clashed at weekend meetings to further progress remedial action for the region's banking sector. As a result the euro has softened against the U.S. dollar, trading once more around the $1.29 level against the greenback, and making the dollar-denominated precious metals less appealing to foreign currency holders, also limiting gold's appeal as a hedge against dollar weakness.

"There is buying beneath [for gold], but the more the market keeps failing near the highs and heading back into the $1,750's, the less the buying beneath will become and the quicker profits will be taken on any rise," said Marex Spectron head of precious metals David Govett Monday.

"So I think this week is an important one for gold; it really needs to show that it can rally and stay up to continue the upward trend we have seen as of late," he added.

Elsewhere in the precious metal complex, platinum group metals posted sizeable losses Monday amid continued uncertainty for platinum producers. Platinum sank almost $35 and by 2.1% on Friday's settlement to trade at $1,603.25/oz while palladium also fell by over $30 and 4.9% to trade at $636/oz.

However, some analysts remained bullish toward prices.

"We are structural bulls on both platinum and palladium," said analysts at Bank of America Merrill Lynch.

"Capital expenditure at best maintained, with little investment in capacity increases coming through...For a sustained rally, demand is as yet missing, but once it comes back potentially through 2013, we believe both platinum and palladium prices should rise strongly," they added. At 1014 GMT, spot silver was 2.2% lower on the day at $33.720/oz.

Write to Laura Clarke at [e-mail]

(END) Dow Jones Newswires

09-24-12 0641ET

Copyright (c) 2012 Dow Jones & Company, Inc.


http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Europe_Concerns_Weigh_On_Gold__Platinum_Sinks_186091720.html

[the cork]

DJ Gold 1776.50, Silver 34.63,
Futures Set Sights on $1,800
Sep 21, 2012 By Tatyana Shumsky

--Comex December gold up 0.9% at $1,785.60/oz
--Optimism about Spain buoys the euro
--Currency shifts, inflation concerns bolster gold's allure to investors

NEW YORK--Gold futures rose Friday as a result of a stronger euro and as investors cheered signs that Spain is moving closer to formally requesting a bailout.

The most-actively traded contract, for December delivery, touched a high of $1,790 and was recently up $15.40, or 0.9%, at $1,785.60 a troy ounce on the Comex division of the New York Mercantile Exchange.

The Spanish government and the European Commission are working towards structural reforms that could meet the demands of the country's international lenders, according to the Financial Times. Successful completion of the discussions would pave the way for Spain to formally request a bailout and new measures are expected to be disclosed Thursday, the report said.

The long-sought signs of progress in aiding Spain's economy untethered investor risk appetite and lifted the euro back above the closely watched $1.30 level.

Gold futures are traded in dollars and become cheaper for investors who use other currencies to fund their purchases.

"It's a race to the bottom among fiat currencies. Of course, they're going to print...and that's bullish for gold and it's inflationary," said Bob Haberkorn, senior commodities broker with RJO Futures.

Some investors see gold as a store of value and purchase the metal to protect their wealth when they worry that sovereign-debt bailouts and monetary-easing programs will boost inflation.

Gold futures now have their sights firmly set on the closely watched $1,800 level, Mr. Haberkorn said. Recent weaker economic data from China has stoked hopes that the world's second-largest economy would embark on its own stimulus program.

"Gold hasn't done anything this week and finally we got a move about $1,775," he said, adding that a climb above $1,800 was likely in the coming sessions.

Write to Tatyana Shumsky at [e-mail].

(END) Dow Jones Newswires

09-21-12 0944ET

Copyright (c) 2012 Dow Jones & Company, Inc.


http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Gold_Futures_Set_Sights_on__1_800_185954257.html

[the cork]

DJ Comex PRECIOUS METALS: Gold 1767.50, Silver 34.63, Copper 3.7272 Firm Dollar, Wider Weakness Weigh On Gold; Platinum Sinks
Sep 20, 2012 By Laura Clarke

Precious metals are lower in Europe on the back of a firmer U.S. Dollar and weaker commodity prices, with volatile trading expected in the sessions ahead.

At 0956 GMT, spot gold was 0.6% lower on the day at $1,758.88 a troy ounce.

Weakness in wider commodity and equity markets and the euro versus the dollar pressured gold prices lower in early trade; a stronger greenback not only making the dollar-denominated precious metals less appealing to foreign currency holders but also weakening their appeal as a hedge against dollar weakness.

"The rise in gold and silver will be tempered by drops in the stock market and rises in the dollar and if this continues then the upside is limited for the time being," said Marex Spectron head of precious metals David Govett.

"However, support remains under the market and I still believe buying dips is the way forward in the longer term...we are still a long way from the edge of the woods economically and this should keep gold prices underpinned," he added.

Gold and silver prices are consolidating after climbing higher following a stream of policy easing announcements from the world's central banks in recent weeks.

"Judging by the broader commodity market, QE3 euphoria from last week is now over," said VTB Capital analyst Andrey Kryuchenkov, although maintaining a bullish longer-term stance for spot gold, citing future currency weakness and inflation concerns on the horizon.

"We still expect gold to remain rangebound, below September highs, in choppy trading in the next few sessions...It is also important to keep an eye on developments in Spain as pressure mounts on Madrid to finally officially apply for a euro zone bailout," he added.

While gold and silver hold their ground in comparison, platinum sank in early trade, breaching support seen at $1,640/oz--as South African workers returned to mines operated by Lonmin Plc. Here too, however, analysts remain wary that the situation remains unresolved.

Platinum temporarily broke below the $1,600/oz level, trading around 8% down from Monday's peak, but still some 15% higher on its price before labor tensions escalated.

"The situation with regard to Lonmin remains volatile despite a wage agreement," said Ed Meir of INTL FCStone. "More importantly, Lonmin may have set a new bar for heftier wage settlements for other mining companies who can ill afford higher costs at this stage," he added.

In the mean time, analysts expect more nervous trading in the short-term as investors attempt to work out what to do next.

"Personally, I am fairly ambivalent towards prices here and would look to trade the range for the moment," said Mr. Govett.

Write to Laura Clarke at [e-mail]

(END) Dow Jones Newswires

09-20-12 0653ET

Copyright (c) 2012 Dow Jones & Company, Inc.


http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Firm_Dollar__Wider_Weakness_Weigh_On_Gold__Platinum_Sinks_185875783.html

[the cork]

Gold 1770.90 Silver 34.58 Copper 3.7625

[the cork]

Gold 1767.80

[the cork]

Gold 1769.20, Silver 34.44, Copper 3.7641,
futures swerve between small gains and losses
By Claudia Assis and Sara Sjolin, MarketWatch

SAN FRANCISCO (MarketWatch) — Gold futures weaved in and out of the red Monday as investors seemed sidelined after a strong rally last week brought about by the Federal Reserve’s latest bond-buying plan.

Gold for December delivery GCZ2 -0.05% added 20 cents to $1,772.90 an ounce on the Comex division of the New York Mercantile Exchange.

The metal gained 1.9% last week as plans by the Federal Reserve to launch fresh monetary easing measures spurred demand for gold.
Click to Play
Stocks extend Fed rally

Stocks edged higher, extending Thursday's rally after the Federal Reserve announced bond-buying plans. Paul Vigna has details on The News Hub.

Gold is seen as a hedge against inflation and tends to benefit amid fears of currency debasement.

Accommodative policy stances by central banks could provide more support for gold, said Anne-Laure Tremblay, a precious metals strategist with BNP Paribas.

“Additional market liquidity and higher risk appetite are the two main factors that underpin our positive price forecast in the fourth-quarter of 2012, and first-half of 2013,” Tremblay wrote in a research report.

The dollar wasn’t offering much of a direction for gold, trading slightly weaker after being stronger earlier. The ICE dollar index DXY +0.10% , which measures the U.S. unit against a basket of six major currencies, fell to 78.823, down slightly from 78.864 in late North American trading on Friday.

Dollar-denominated commodities tend to fall on stronger dollar, as they get more expensive for other currency-holders.

Other precious and base metals, for their turn, mostly declined Monday, as weak Chinese equity markets was partly “putting the brakes on the upswing,” analysts at Commerzbank said in a note.

“We do not see this as a trend reversal, however, but more as a brief time-out from the current upwards trend,” they said.

Silver for December delivery SIZ2 -0.48% lost 20 cents, or 0.6%, to $34.465 an ounce. Copper for the same month HGZ2 -1.27% lost 3 cents, or 0.8%, to $3.80 a pound.

October platinum PLV2 -1.65% dropped $21.80, or 1.3%, to $1,691.90 an ounce. December palladium PAZ2 -1.27% declined $5.50, or 0.8%, to $693.80 an ounce.

Claudia Assis is a San Francisco-based reporter for MarketWatch. Sara Sjolin is a MarketWatch reporter, based in London. Virginia Harrison in Sydney contributed to this report.

http://www.marketwatch.com/story/gold-silver-rise-in-electronic-trading-2012-09-17

[the cork]

Great find eik. Nice going!

[eik]

Caesars Report: NWM Mining, Quo Vadis?
http://www.caesarsreport.com/blog/nwm-mining-quo-vadis/

(Sorry, if this was posted already).

[the cork]

DJ METALS: Gold 1772.60, Silver 34.57, Copper 3.8031 Higher as Stimulus Enthusiasm Continues
Sep 14, 2012 By Nicole Friedman

--Federal Reserve quantitative-easing program boosts gold to fresh six-month highs
--Gold up 0.2% at $1,775 per ounce while silver pulls back 0.5% to $34.620 per ounce
--Strikes continue in South Africa as Lonmin workers reject wage offer

NEW YORK--Gold futures edged to a fresh six-month intraday high Friday as investors expected the Federal Reserve's enactment of new monetary easing to boost demand for precious metals.

The most actively traded contract, for December delivery, was recently up 0.2%, or $2.90, at $1,775 per troy ounce on the Comex division of the New York Mercantile Exchange.

The U.S. central bank said Thursday that it would begin monthly purchases of mortgage-backed securities that could continue until employment improves. The Fed also said it will extend its Operation Twist program, under which it sells short-term bonds and buys longer-term bonds in an effort to lower borrowing rates.

In response, gold and silver both surged Thursday to six-month settlement highs. "Market participants finally got what they had been looking for," said Standard Bank in a note.

Gold can get a double boost from monetary-easing policies. First, central-bank efforts to increase the amount of cash in the financial system fuel fears of inflation. These worries can lead investors to transfer their wealth to nonliquid assets, like precious metals.

Secondly, increased liquidity can weaken the dollar, making dollar-traded metals less expensive to buyers using other currencies. The Wall Street Journal Dollar Index, which tracks the dollar against a basket of other currencies, was recently down 0.4% at 68.909.

While silver can also benefit from monetary easing by acting as a cheaper alternative to gold, Comex silver for December delivery pulled back slightly, recently trading down 0.5% at $34.620 a troy ounce.

"Beyond investment demand, the fundamental picture for silver is weak," said Anne-Laure Tremblay, precious metals strategist for BNP Paribas in a note. Silver has more industrial uses than gold, so it suffers more from slowed economic growth, Ms. Tremblay said. "The silver market surplus will remain significant" this year, she said.

Labor unrest in South Africa continued to spread, supporting the platinum market as more mines shut down in the world's No. 1 platinum-producing country.

Lonmin PLC (LNMIY, LMI.LN) workers said they rejected a wage offer made by management Thursday and will continue to strike at the Marikana platinum mine.

Strike organizers urged workers Thursday and Friday to join striking miners at Lonmin and Anglo American Platinum Ltd. (AGPPY, AMS.JO) to form a regional strike across the Rustenburg area. Xstrata PLC (XTA.LN) said Friday it sent workers at its chrome mine in Rustenburg home for their safety.

Comex platinum for October delivery was recently up 1.5% at $1,705.40 a troy ounce.

Write to Nicole Friedman at [e-mail]
(END) Dow Jones Newswires
09-14-12 0957ET
Copyright (c) 2012 Dow Jones & Company, Inc.

http://futures.tradingcharts.com/news/futures/DJ_PRECIOUS_METALS__Gold_Higher_as_Stimulus_Enthusiasm_Continues_185531560.html