NW Business and Finance

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ECB Begins QE, US Jobs in Focus + MORE

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Eyes on ECB

– oilngold.com

All investors eye on the ECB meeting today. President Draghi’s dovish comments in the Jackson Hole conference weeks ago have raised speculations that it might act in September. Disappointing economic data only raised the likelihood.

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Announcement to customers

– .goldmoney.com

The Foreign Account Tax Compliance Act (“FATCA”) is a federal United States tax law. The purpose of FATCA is to provide the US tax authority, the IRS, with information about US persons who own financial assets outside the US.
Jersey has entered into a Model 1 intergovernmental agreement with the US, which imposes certain obligations on the Jersey tax authority…

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Whilst the overall market has been focusing on Palladium amid geopolitical tension, for a second week in a row customers at GoldMoney have been taking advantage of the falling silver price.
Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey, said, ‘Rising geopolitical concerns around the Ukrainian and Russian situation continued to give palladium the focus, but with attention elsewhere a falling silver price has given our customers the opportunity to buy…

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The pattern of trading in precious metals changed for the better this week. After London’s bank holiday on Monday, for the first time in a long time the market opened in London’s pre-market with higher prices. This indicated Asian or Middle-Eastern physical demand was returning to the market. Predictably, prices drifted lower during London hours as paper trading took over, and all the gains were more or less lost by close of play on Comex in New York…

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Vancouver, BC, Canada – SEPTEMBER 4, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) reports that Ross McDonald, has retired as a director of Miranda. He has served as a non-executive independent director and chair of the Audit Committee for the past 8 years.

‘We appreciate the contribution Ross has made in serving as a director for Miranda, and in particular his role as our Audit Committee chair, providing sound oversight and leadership in the financial governance of Miranda…

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A difficult question

– .goldmoney.com

In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter?
I have no problem delivering a comprehensive answer based on a sound aprioristic analysis of how rigging markets distorts the basis of economic calculation and why a properly functioning gold market is central to all other financial prices…

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Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply…

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Commodities recovered ahead of US opens, following the sharp selloff yesterday. Gold had a modest bounce after diving to a 2.5-month low but we remained concerned about the outlook even in the near-term. Ceasefire in Ukraine, if confirmed, should ease safe haven demand over the yellow metal while risks to the fundamentals have skewed to the downside…

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Vancouver, BC, Canada – AUGUST 6, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) is pleased to announce that it has signed a Letter of Intent (‘LOI’) with Gold Torrent, Inc. (‘Gold Torrent’) (GTOR:QBB) on its Willow Creek project in Alaska.

The Letter of Intent

The principal terms of the LOI provide that within 15 days of Gold Torrent completing a 60 day due diligence period from the date of signing the LOI, the parties will enter into a joint venture (the ‘JV’) for the development of t

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The surprising decision by ECB to purchase asset-backed securities and covered bonds starting in October sent the euro below 1.3 against US dollar, the first time in a year. European shares also climbed amidst hopes of stronger recovery as the central bank injects liquidity to the financial system. Wall Street slid as Treasuries fell…

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We expect a key focus would be put on Scottish referendum from now towards September 18. To the British government’s, as well as investors’, surprise, one poll has ‘yes’ for Scottish independence in front of the ‘no’ vote while other polls have ‘no’ in front.

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The Ukraine crisis, which has sent palladium to multiyear-high due to supply concerns, has shown initial signs of ending as Ukraine and pro-Russia rebels signed ceasefire deal. While firing has been stopped the rebels affirmed that the truce had not changed their policy of advocating splitting from Ukraine…

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