Tuesday, March 12, 2013 3:10:21 AM
A Coin In The Hand
Kevin Michael Grace
Gold was down (at press time) $0.40 (-) for the week to $1,575.30, and silver was up $0.36 (+1.3%) to $28.96. Ole Hansen of Saxo Bank told Reuters, “The fact that the strongest economic data in a while failed to trigger a break below the recent low [has given] the [gold] market a bit of confidence.”
The economic data referred to above is Friday’s release of the US unemployment rate for January, which fell from 7.9% to 7.7%. A closer look at the data tends to vitiate its strength. Mike Shedlock reports, “The economy added a whopping 446,000 part-time jobs. Thus, the economy shed 276,000 full-time jobs. Those part-time jobs were supposedly ‘on purpose.’” And what counts as “part-time,” according to the Bureau of Labor Statistics? “At least one hour” paid employment in the week of its survey.
Furthermore, “Those not in the labour force rose by 296,000, and the labour force itself fell by 130,000. Those factors, coupled with the massive rise in part-time employment, explain the 0.2% drop in the unemployment rate.”
Read the rest of this article about gold prices here: http://resourceswire.com/2013/03/auguries-23/
Recent KGC News
- Kinross announces Annual Shareholder Meeting voting results • GlobeNewswire Inc. • 05/09/2024 09:00:32 PM
- Kinross reports 2024 first-quarter results • GlobeNewswire Inc. • 05/07/2024 09:00:22 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 05/07/2024 09:00:00 PM
- AbraSilver Announces C$20 Million in Strategic Investments by Kinross Gold and Central Puerto and Formation of a Regional Partnership in Argentina • PR Newswire (Canada) • 04/22/2024 11:30:00 AM
- Kinross to announce Q1 results on May 7, 2024 • GlobeNewswire Inc. • 04/09/2024 09:00:08 PM
- White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 02/22/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 12:10:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 10:27:25 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 02/14/2024 10:07:03 PM
- Kinross reports 2023 fourth-quarter and full-year results • GlobeNewswire Inc. • 02/14/2024 10:06:48 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 06:48:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/18/2024 04:17:56 PM
- Kinross to announce 2023 Q4/full-year results and 2024 guidance on February 14, 2024 • GlobeNewswire Inc. • 01/15/2024 10:00:58 PM
- White Gold Corp. Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/14/2023 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 01:46:53 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 10:04:32 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 11/08/2023 10:00:31 PM
- Kinross reports strong 2023 third-quarter results • GlobeNewswire Inc. • 11/08/2023 10:00:26 PM
- White Gold Corp. Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/08/2023 12:00:00 PM
- Kinross to announce Q3 results on November 8, 2023 • GlobeNewswire Inc. • 10/04/2023 09:00:41 PM
- White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 09/07/2023 11:00:00 AM
- Aurion Signs Definitive Option Agreement with Kinross on the Launi East Property • PR Newswire (Canada) • 08/23/2023 11:00:00 AM
- White Gold Corp. Commences Maiden Diamond Drilling at Cali Target on Nolan Property, Yukon, Canada • GlobeNewswire Inc. • 08/15/2023 11:00:00 AM
- Kinross announces routine renewal of NCIB • GlobeNewswire Inc. • 08/04/2023 11:30:04 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/02/2023 09:10:17 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM