English Extortionist/MI6 Agent? Heywood Stashes Bo’s Secrets in London
Looks like MI6 hung him out to dry for his failures and he killed himself with booze and sleeping pills. Now a convenient frameup. Looks very ‘feminine’ and Hebraic like all the Anglo-royal types do. What filth the English are.
The Good News Just Keeps Rolling In…
old-Ore Drills a Significant Extension to the Bjorkdal Gold Mine
Vancouver, British Columbia CANADA, April 12, 2012 /FSC/ – Gold-Ore Resources Ltd. (GOZ – TSX), is pleased to report diamond drilling results from the underground unit of the Bjorkdal Gold Mine in Sweden. This recent drilling has identified a significant new gold zone in an area where there has been no previous drilling. This new zone hosts numerous well-mineralized veins and remains open to further expansion.
Gold-Ore President, Bob Wasylyshyn commented, “Late last year, we dedicated one underground drill rig to test out beyond the northern end of known mineralization. Since that time, 14 holes totalling 2,990 metres were completed and all holes intersected multiple quartz veins with economic gold grades over mineable widths. This entirely new area has the potential to add several years to the underground mine life.”
The new zone is 200-300 metres below surface and is at the same level and adjacent to areas of active mining. The area lies outside of the underground reserves and our engineering department is currently completing a reserve estimate. The zone has been tested over an area 250 metres by 300 metres and remains open to expansion in several directions. At least 7 veins have been delineated and drilling was conducted at 20 metre spacing. The Company is currently drilling step-out holes to test the on-strike extensions of the veins……
2012-006 140 W 25.0 28.0 3.0 6.60
92.0 96.0 4.0 72.49
including 94.0 95.0 1.0 277.0
120.0 124.0 4.0 6.42
127.0 133.0 6.0 23.99
including 132.0 133.0 1.0 127.5
164.2 168.2 4.0 6.14
Gold Shares Recover In Canada
* TSX rises 73.24 points, or 0.6 pct, at 12,100 * Golds, base metals lead market higher By Claire Sibonney TORONTO, April 12 (Reuters) - Toronto's main stock index pushed higher for a second session on Thursday, recovering from a string of losses as gold miners and other materials issues continued to recover following some encouraging remarks by U.S. and European policymakers. Among the most influential advancers, Barrick Gold climbed 2 percent to C$42.03, Goldcorp Inc was up 1.9 percent to C$41.57 and Teck Resources jumped 3.5 percent to C$36.61. "The commodities are leading the charge after being kicked in the shins this year and last year. People are sniffing around for bargains," said Barry Schwartz, vice president and portfolio manager at Baskin Financial Services. Eldorado Gold was also a heavy gainer, surging 7.5 percent to C$13.89 after the company said it expects annual gold production to touch 1.7 million ounces within five years as it brings new mines into production. At 10:21 a.m. (1421 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 73.24 points, or 0.6 percent, at 12,100. European debt market fears returned to the fore after Italian three-year borrowing costs rose more than a percentage point at the auction, boosted by new concerns about weaker euro zone states. However, markets have been encouraged after ECB Executive Board member Benoit Coeure sought to calm nerves on Wednesday, saying the ECB still has its bond-buying program as an option to ease funding pressures for indebted countries. Also on Wednesday, the U.S. Federal Reserve's influential vice-chair Janet Yellen said the Fed's ultra-easy monetary policy was appropriate given high unemployment and the headwinds facing the economy, and left the door open to further action if needed. "Investors always forget that policymakers and government officials have the ability to intervene in times of stress and adding some calming words doesn't hurt," added Schwartz. "Whether it's the vice-chair of the Fed saying that we'll continue to be accommodative or the ECB saying that all options on the table and China reducing the bank reserves to try to kick-start their economy, governments are in control so the doom and gloom can only last for so long." Data from China on Thursday showed bank lending trumped forecasts to spike to 1.01 trillion yuan ($160 billion) in March, a sign of fresh traction in Beijing's bid to boost credit creation to support the cooling economy.
No Good Gold on Track on GC Sale
The last set of drills radically altered the value of the mine to a buyer. Of course what do you do with 2 -3 billion in funds. Keep it in Candos if they are wise. They could see the purchasing value cut in half in the interim period while waiting for the DC permits. Wish I had held more now, but glad I kept some. I did buy more after RVN was fired. I was so, so, so, happy to see that devil go!!
April 12 (Reuters) – NovaGold Resources Inc said on Thursday it still expects to conclude a sale of its 50 percent stake in the Galore Creek copper project in British Columbia this year as it moves to focus exclusively on the massive Donlin gold project in Alaska.
The Vancouver, British Columbia-based miner, said last November it would move to sell its stake in Galore Creek, which it owns jointly with Canadian miner Teck Resources Ltd .
Its developers say Galore Creek could one day become Canada’s biggest copper mine. NovaGold plans to use the proceeds of the sale to fund its share of the costs of Donlin, which is a joint venture with the world’s top gold miner, Barrick Gold Corp .
The $6.7 billion Donlin project is expected to produce an average of more than 1 million ounces of gold annually over its 27-year mine life.
Last month, NovaGold shareholders approved the spinout of its Ambler copper project into a new company NovaCopper, which is expected to begin trading in Toronto and New York on, or about, April 30.
USA Stocks Rise On PPT And FED Heads Anglo-Dudley and Zionist Yellen
U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as policymakers’ indications that interest rates will remain low overshadowed a disappointing jobless claims report.
Google Inc. (GOOG), owner of the most popular Web search engine, added 1.1 percent ahead of its results. Hewlett-Packard Co. (HPQ) rallied 4.7 percent, pacing gains in technology companies, as the global personal-computer industry unexpectedly grew in the first quarter.AT&T Inc. (T) rose 0.9 percent as JPMorgan Chase & Co. raised its rating for the shares.McKesson Corp. (MCK) jumped 5 percent after winning a drug supply contract valued at as much as $31.6 billion over as many as eight years.
The S&P 500 added 0.6 percent to 1,376.61 at 9:54 a.m. New York time. The benchmark gauge yesterday snapped the longest losing streak since November. The Dow Jones Industrial Average rose 71.90 points, or 0.6 percent, to 12,877.29.
“There’s a mix here,” said Richard Sichel, who oversees $1.6 billion as chief investment officer at Philadelphia Trust Co. “The jobless claims figures were not quite what we were looking for. Meantime, while some of the Fed’s comments have reinforced the idea that interest rates will stay low, they are not jumping out and saying that they will do more.”
Equities rose after Federal Reserve Vice Chairman Janet Yellen and Fed Bank of New York President William C. Dudley endorsed the central bank’s view that borrowing costs are likely to stay low through 2014. The comments offset investors’ disappointment after data showed that more Americans than forecast filed claims for jobless benefits last week, a sign the pace of improvement in the labor market is slowing.
Stocks yesterday halted a five-day drop as Alcoa Inc. (AA) reported an unexpected first-quarter profit. While S&P 500 per- share profit growth slowed to 0.8 percent during the first three months of the year from 4.9 percent in the fourth quarter, it will accelerate to 8.3 percent during all of 2012, according to analyst estimates compiled by Bloomberg.
Google, which is scheduled to report first-quarter results after the market close, added 1.1 percent to $642.83. On average, the analysts surveyed by Bloomberg estimate earnings of $9.64, a 19 percent growth from the same period a year earlier.
Shareholders are urging Google to take a page from Apple Inc. and return part of its $44.6 billionin cash to investors. Google has more cash as a percentage of market value than five of its largest peers, including Apple (AAPL), which reinstated a dividend and unveiled a $10 billion stock buyback last month. Google’s cash has almost doubled since 2009, and it is the only U.S. technology company with a market value of more than $125 billion that doesn’t offer a regular shareholder payout.
“I’m sure Google will figure out the right thing to do,” said Michael Holland, chairman of Holland & Co., a New York investment firm that oversees more than $4 billion in assets, including Google shares. “It’s a little bit of a victory dance, if you will, to be able to have the sort of cash surplus that a company like Apple does and Google does.”
Hewlett-Packard rallied 4.7 percent to $24.52 on indications the PC market is shaking off the effects of Europe’s debt crisis and a disk-drive shortage stemming from last year’s flooding inThailand. PC shipments climbed 1.9 percent to 89 million units, compared with predictions for a 1.2 percent drop, according to Stamford, Connecticut-based Gartner Inc. (IT) Another research firm, IDC, also reported a surprise increase for the quarter.
AT&T gained 0.9 percent to $30.72 after the company’s shares were raised to the equivalent of buy at JPMorgan. The 9- month share-price estimate is $33.
McKesson rallied 5 percent to $92.25. The company held onto one of the U.S. government’s most lucrative non-defense contracts, overcoming protests by small drug distributors and competing bids by AmerisourceBergen Corp. (ABC) and Cardinal Health Inc. The victory maintains McKesson’s grip on the agreement, which has generated as much as $27 billion in orders since 2004.
The retreat in the S&P 500 may not be over, as a gauge of bullishness reached levels that coincided with the market’s peak in 2007 and preceded the biggest pullback in both of the last two years.
The Consensus Bullish Sentiment index on stocks, based on a weekly survey of brokerage strategists and newsletter writers, exceeded 75 percent for seven weeks through April 3, the longest streak since Kansas City, Missouri-based Consensus Inc. began compiling the data in 1983. The index fell to 69 percent this week as the S&P 500 (SPX) had the worst five-day drop since November amid concern the recovery in the American labor market is slowing and Europe’s debt crisis is worsening.
Best Since 1998
Optimism has grown as the S&P 500 finished its best first- quarter rally since 1998, bolstered by better-than-expected economic data and corporate earnings. Increasing bullishness is considered a contrarian indicator by some analysts who follow price charts to make market predictions, because investors who have bought shares now have less money to purchase stocks.
“We’re concerned at what we view as very complacent bullish sentiment, almost frothy, and it needs to be unwound,” John Kattar, chief investment officer at Eastern Investment Advisors inBoston, which manages $1.7 billion, said in a telephone interview. “We should see some fear creeping back into the market, but we’re a long way from that happening yet.”
Energy costs stir worries in U.S. economic expansion
(Reuters) – U.S. economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers across the country, the Federal Reserve said on Wednesday.
“Reports from the 12 Federal Reserve districts indicated that the economy continued to expand at a modest to moderate pace from mid-February through late March,” the central bank said in its latest “Beige Book” summary of national activity.
Positive signs, it said, included stronger manufacturing activity, steady hiring and improved retail business in much of the country. But overlying that was a sense of concern that costlier energy and rising gasoline prices were a threat.
“While the near-term outlook for household spending was encouraging, contacts in several districts expressed concerns that rising gas prices could limit discretionary spending in the months to come,” it added.
The report, based on data collected before April 2, comes from business contacts in each of the 12 districts that have regional Fed banks and is thus seen as a real-life complement to the more academic speeches and analyses that flow from the central bank.
Its description of growth at a “modest to moderate pace” was unchanged from the prior summary issued at the end of February. But coming after last week’s government report showing only 120,000 jobs created in March, the fewest since October, it sounded a bit more upbeat about the job market.
“Hiring was steady or showed a modest increase across many districts,” it said. “Difficulty finding qualified workers, especially for high skilled positions, was frequently reported.”
Fed policymakers will use the information to assess the economy when they meet April 23-24 to consider whether to change interest-rate policy.
Atlanta Fed Bank President Dennis Lockhart, a voting member of the policy-setting Federal Open Market Committee, said on Wednesday he would be “somewhat reticent to consider another round of quantitative easing” at this time.
The Beige Book’s caution about rising energy prices seemed to be borne out in separate Labor Department data showing imported petroleum costs were still on the rise.
March import prices climbed by the most in nearly a year on sharply higher petroleum costs, the Labor Department said.
Imported petroleum prices alone increased 4.3 percent, the biggest gain since April 2011.
That helped drive overall import prices up 1.3 percent for the biggest monthly gain since April 2011, the Labor Department added.
Economists polled by Reuters had expected import prices to rise 0.8 percent last month. February’s data was revised to show a 0.1 percent decline instead of the previously reported 0.4 percent increase.
The data underscores the size of the price shock that is stinging Americans when they refuel their cars.
There are ample signs that higher gasoline prices are a weight on the U.S. economy, still burdened by high unemployment and a soft housing sector following the 2007-2009 recession.
Applications for U.S. home mortgages fell last week despite a drop in the average interest rate for 30-year mortgages, the Mortgage Bankers Association said in a separate report on Wednesday.
As for export prices, the Labor Department report showed they rose 0.8 percent last month, above analysts’ expectations for a 0.4 percent gain. Export prices increased 0.4 percent in February.
Markets showed little direct reaction to any of the day’s data. Stock prices were higher near the trading session’s close but that followed five days of losses. Treasury debt prices were lower.
U.S. data scheduled for release on Thursday is expected to show tame price pressures at a wholesale level, with producer prices seen rising 0.2 percent in March when stripping out food and energy.
Trade Gap in U.S. Narrows More Than Forecast as Imports Drop
The trade deficit in the U.S. narrowed more than forecast in February as imports fell by the most in three years, reflecting the smallest amount of crude oil purchases in 15 years and a drop-off in demand for Chinese goods.
The gap shrank 12 percent to $46 billion, the smallest since October, from a revised $52.5 billion in January, the Commerce Department in Washington said today. The median estimate of 73 economists surveyed by Bloomberg News called for a deficit of $51.8 billion in February. Purchases of foreign goods decreased by 2.7 percent, the biggest decline since February 2009. Exports barely rose to reach a record…
Wholesale Inflation Jumps
Wholesale prices in the U.S. excluding food and fuel rose more than forecast in March, led by a pickup in the costs of light trucks and soaps.
The so-called core producer price index climbed 0.3 percent after a 0.2 percent rise, Labor Department figures showed today in Washington. Economists projected a 0.2 percent gain, according to the median estimate in a Bloomberg News survey. The overall gauge was little changed after a 0.4 percent rise.
FED Sends Doves Out today
Federal Reserve Vice Chairman Janet Yellen endorsed the Fed’s view that borrowing costs are likely to stay low through 2014 as the central bank misses its goal for full employment and inflation remains in check.
“I consider a highly accommodative policy stance to be appropriate in present circumstances,” Yellen said yesterday in a speech in New York. She also said that allowing the Fed’s program to extend the maturity of the assets on its balance sheet to expire in June wouldn’t amount to a policy tightening.
USA Weekly Jobless Rises-380k
More Americans than forecast filed claims for jobless benefits last week, a sign the pace of improvement in the labor market is slowing.
Jobless claims increased 13,000 in the week ended April 7 to 380,000, the highest since Jan. 28, the Labor Department reported today in Washington. The median forecast in a Bloomberg News survey called for 355,000 claims. The number of people on unemployment benefit rolls and those receiving extended payments declined.
A sustained pickup in claims, following last week’s figures showing a smaller-than-projected rise in March employment, may make it difficult to boost the consumer spending that makes up 70 percent of the economy. The figures highlight Federal Reserve Chairman Ben S. Bernanke’s concern that stronger demand is required to fuel labor market gains.
“On the back of last week’s employment report, this does suggest momentum in labor market is slowing a bit,” said Sean Incremona, a senior economist with 4Cast Inc. in New York, who forecast 372,000 claims, the highest in the Bloomberg survey. “I wouldn’t, though, read one claims report and one payrolls report as suggesting that the trend of improvement has stalled.”
Claims in the prior week were revised to 367,000 from a previously reported 357,000.
Stock-index futures trimmed gains after the figures. The contract on the Standard & Poor’s 500 Index expiring in June rose 0.2 percent to 1,366.5 at 8:35 a.m. in New York, after rising as much as 0.6 percent earlier…..