Monday, December 10, 2012 10:16:21 PM
The Homer Simpson Plan
Kevin Michael Grace
Gold was down (at press time) $27.20 (-1.6%) for the week to $1,700.10, and silver was down $1.24 (-3.6%) to $33.07. Bloomberg attributed the loss December 4 to the “stalemate in US budget talks [which] drove commodities down.” According to Bark Melek of TD Securities, “Gold is being sold along with just about everything else in commodities with the worries on the fiscal cliff.” GoldCore noted December 6, “Physical buying of gold bullion has increased on the dip”—more on that below.
We are all cursed with economic Alzheimer’s these days, and so few will remember that not 18 months ago, similar negotiations in Washington were regarded universally as similarly cataclysmic. At that time, the politicians decided they would postpone Götterdämmerung until the end of 2012. One can hardly expect a much different resolution this time around.
Read the rest of this article about gold prices here. http://resourceswire.com/2012/12/auguries-11/
Recent MND News
- Mandalay Resources Reports High-Grade Antimony and Gold Intercepts, Advancing Costerfield Resource Expansion • PR Newswire (US) • 09/10/2024 09:24:00 PM
- Mandalay Resources Reports High-Grade Antimony and Gold Intercepts, Advancing Costerfield Resource Expansion • PR Newswire (US) • 09/10/2024 09:00:00 PM
- Mandalay Resources Reports High-Grade Antimony and Gold Intercepts, Advancing Costerfield Resource Expansion • PR Newswire (Canada) • 09/10/2024 09:00:00 PM
- Mandalay Resources Announces Resignation of Board Member • PR Newswire (Canada) • 08/30/2024 11:00:00 AM
- Mandalay Resources Announces Resignation of Board Member • PR Newswire (US) • 08/30/2024 11:00:00 AM
- Mandalay Resources Announces Resignation of Board Member • PR Newswire (US) • 08/30/2024 11:00:00 AM
- Mandalay Resources Delivers Strong Second Quarter 2024 Financial Results Leading To $63 Million Cash Balance • PR Newswire (US) • 08/07/2024 10:43:00 PM
- Mandalay Resources Delivers Strong Second Quarter 2024 Financial Results Leading To $63 Million Cash Balance • PR Newswire (Canada) • 08/07/2024 09:55:00 PM
- Mandalay Resources Delivers Strong Second Quarter 2024 Financial Results Leading To $63 Million Cash Balance • PR Newswire (US) • 08/07/2024 09:55:00 PM
- Mandalay Resources Provides Target Release Date for its Second Quarter 2024 Financial Results and Conference Call • PR Newswire (Canada) • 07/31/2024 08:30:00 PM
- Mandalay Resources Provides Target Release Date for its Second Quarter 2024 Financial Results and Conference Call • PR Newswire (US) • 07/31/2024 08:30:00 PM
- Mandalay Resources Provides Target Release Date for its Second Quarter 2024 Financial Results and Conference Call • PR Newswire (US) • 07/31/2024 08:30:00 PM
- Mandalay Resources Reports Another Excellent Period with Strong Second Quarter 2024 Production and Cash Generation Results • PR Newswire (Canada) • 07/10/2024 08:30:00 PM
- Mandalay Resources Reports Another Excellent Period with Strong Second Quarter 2024 Production and Cash Generation Results • PR Newswire (US) • 07/10/2024 08:30:00 PM
- Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Björkdal Mine, Sweden • PR Newswire (US) • 06/05/2024 11:30:00 AM
- Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Björkdal Mine, Sweden • PR Newswire (Canada) • 06/05/2024 11:30:00 AM
- Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Björkdal Mine, Sweden • PR Newswire (US) • 06/05/2024 11:30:00 AM
- Mandalay Resources Announces the Results of its Annual General Meeting • PR Newswire (Canada) • 05/28/2024 08:30:00 PM
- Mandalay Resources Announces the Results of its Annual General Meeting • PR Newswire (US) • 05/28/2024 08:30:00 PM
- Mandalay Successfully Depth Tests the Björkdal Norrberget Gold Deposit Intercepting 13.3 g/t Gold Over 5.5 Meters • PR Newswire (US) • 05/14/2024 09:30:00 PM
- Mandalay Successfully Depth Tests the Björkdal Norrberget Gold Deposit Intercepting 13.3 g/t Gold Over 5.5 Meters • PR Newswire (Canada) • 05/14/2024 08:55:00 PM
- Mandalay Successfully Depth Tests the Björkdal Norrberget Gold Deposit Intercepting 13.3 g/t Gold Over 5.5 Meters • PR Newswire (US) • 05/14/2024 08:55:00 PM
- Mandalay Resources Delivers Strong First Quarter 2024 Financial Results • PR Newswire (US) • 05/08/2024 10:11:00 PM
- Mandalay Resources Delivers Strong First Quarter 2024 Financial Results • PR Newswire (Canada) • 05/08/2024 09:41:00 PM
- Mandalay Resources Delivers Strong First Quarter 2024 Financial Results • PR Newswire (US) • 05/08/2024 09:41:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM