Spot Gold | IOWA BASEBALL CLINCHES <b>SPOT</b> IN BIG TEN TOURNAMENT <b>...</b> | News2Gold |
- IOWA BASEBALL CLINCHES <b>SPOT</b> IN BIG TEN TOURNAMENT <b>...</b>
- <b>Spot gold</b> starts the week at A$1375 an ounce - Proactiveinvestors <b>...</b>
- <b>Spot gold</b> firms heading into Asian trade - Proactiveinvestors (AU)
- <b>Gold</b> industry shifts east as Dubai plans huge refinery, <b>spot</b> contract <b>...</b>
- X Still Marks Sunken <b>Spot</b>, and <b>Gold</b> Awaits – NYTimes.com
| IOWA BASEBALL CLINCHES <b>SPOT</b> IN BIG TEN TOURNAMENT <b>...</b> Posted: 16 May 2014 06:00 AM PDT Thanks, OMHR. Iowa entered this weekend's three-game series with Purdue knowing that they needed just one win to lock up the program's first trip to the Big Ten Tournament since 2010. They decided to end the suspense early: There wasn't much suspense in the game, either: Iowa jumped out to a quick 3-0 lead in the top of the first inning thanks to a trio of singles and a Dan Potempa double. Purdue pulled a few runs back to make the score 3-2, but Iowa posted another three-run inning in the fourth inning to give themselves a 6-2 lead which would be more than enough to lock up a win. Purdue has the worst hitting team in the Big Ten (.230), so the odds of a comeback there were not great. Iowa starter Blake Hickman lasted just two innings (giving up two runs), but Nick Hibbing and Jared Mandel combined to give Iowa seven strong innings in relief (just 1 ER), with Mandel in particular looking strong in tossing six strikeouts in 3 2/3 innings. Still, while the bullpen performed admirably today, it would be nice if tomorrow's starting pitcher (Sasha Kuebel) could go deep into the game and give them a rest. Iowa's sweep at the hands of Illinois last weekend was rough to watch, but it ended up not hurting Iowa much in the standings. Neither Michigan State nor Ohio State gained much ground and Penn State's freefall continued in a three-game bludgeoning at the hands of Indiana. In fact, with Iowa's win Thursday and Ohio State's loss, the Hawkeyes actually sit in a tie for 6th place with Ohio State. Michigan State and Ohio State each have -- on paper -- easy opponents this weekend (Penn State and Northwestern, respectively), so Iowa likely needs to keep their winning ways going against OMHR if they want to stay away from the #8 seed and a showdown with that buzzsaw of an Indiana team. For the most part, it's difficult not to view the debut season of new manager Rick Heller as a solid success for Iowa baseball; he turned their moribund offense into one of the best in the Big Ten and helped turn Iowa's overall win-loss record around (from 22-27 to 28-20... and counting). That said, their Big Ten record hasn't improved -- Iowa went 10-14 last year and they're 9-13 this year (with two games remaining). Short of a sweep of Purdue this weekend, they won't be able to better that mark this season. Securing a spot in the Big Ten Tournament (for the first time since 2010, no less) is a good accomplishment, too... but it also came in a year when the Big Ten has expanded the tournament field from six to eight. If the Big Ten had had an 8-team field in the 2013 Big Ten Tournament, Iowa would have made the tournament then too. Still, I don't want to diminish this team's accomplishments. There's definitely room for improvement -- a .500 record in Big Ten play would be a nice start -- but this year has been a step forward. They have a chance to win 30 games. They're going to have a shot to play in the Big Ten Tournament. These are good things for Iowa baseball. Games 2 and 3 of the Iowa-Purdue series are on Friday (5:30 PM CT) and Saturday (1:00 PM CT) and are being streamed on Hawkeye All-Access/video.BTN.com.  |
| <b>Spot gold</b> starts the week at A$1375 an ounce - Proactiveinvestors <b>...</b> Posted: 11 May 2014 03:20 PM PDT Proactive Investors Australia Proactive Investors is the leading digital news and media group, dominating the "Small-Mid Cap" companies investor sector across four continents. Proactive Investors Australia is a part of the largest global financial investor network with offices in Australia, Europe, Asia and North America.  Spot gold starts the week at A$1375 an ounceMonday, May 12, 2014 by Proactive Investors In the local currency based on AUD / USD 0.936, gold is fetching around A$1375 an ounce. Gold in the spot market has opened the week slightly weaker at US$1289 an ounce. In the local currency based on AUD / USD 0.936, gold is fetching around A$1375 an ounce. On Friday in the futures market, the yellow metals was little changed at USUS$1,287.60 an ounce on Comex. Last week gold lost 1.2%, for its first weekly loss on three. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China. Andrew McCrea's Research Reports Sign up to Andrew McCrea's Research Reports and Receive Latest Research & Flash Trades Receive Proactive Investors Newsletter, Investor Forum Invites Receive Proactive Investors Newsletter, Event Invites, Special Stock Notifications |
| <b>Spot gold</b> firms heading into Asian trade - Proactiveinvestors (AU) Posted: 06 May 2014 06:44 PM PDT  Proactive Investors Commodity Watch www.proactiveinvestors.com.au/ Proactive Investors Australia delivers insights on global commodity markets, along with the impact on market sectors. Spot gold firms heading into Asian tradeWednesday, May 07, 2014 by Proactive Investors In the local currency, gold is currently around A$1390 an ounce. Gold in the spot market is firmer heading into Asian trade at US$1312 an ounce, with the yellow metal at around three-week highs. Overnight gold futures on Comex eased 0.1% to finish at US$1,308.60. In the local currency, gold is currently around A$1390 an ounce. Supporting bullion recently have been flare-ups in the Ukraine and uncertainty in the U.S. equities market. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China. Andrew McCrea's Research Reports Sign up to Andrew McCrea's Research Reports and Receive Latest Research & Flash Trades Receive Proactive Investors Newsletter, Investor Forum Invites Receive Proactive Investors Newsletter, Event Invites, Special Stock Notifications |
| <b>Gold</b> industry shifts east as Dubai plans huge refinery, <b>spot</b> contract <b>...</b> Posted: 05 May 2014 11:08 AM PDT By Andrew Torchia DUBAI -- In the desert on the outskirts of Dubai, one of the world's biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry. Growth in demand for the precious metal is shifting east, to Asia's fast-growing economies. But key industry activities such as refining and clearing -- matching investors' buy and sell orders -- remain dominated by Europe and the United States. The $60 million refinery being built by Kaloti Precious Metals in Dubai is part of efforts to change that pattern, as is a plan by the Dubai Gold and Commodities Exchange to introduce a spot gold contract this June. "Dubai is already a top global centre for gold trading," Tarek El-Mdaka, chief executive of Kaloti Precious Metals, said in an interview. "The refinery is part of the next stage, making Dubai a top center for physical gold refining and clearing." ... ... For the complete story: http://www.reuters.com/article/2014/05/05/emirates-dubai-gold-idUSL6N0NP... ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Committee for Monetary Research and Education http://www.cmre.org/news/spring-meeting-2014/ Porter Stansberry Natural Resources Conference Canadian Investor Conference 2014 http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc... New Orleans Investment Conference https://jeffersoncompanies.com/new-orleans-investment-conference/home * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Silver mining stock report for 2014 comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: |
| X Still Marks Sunken <b>Spot</b>, and <b>Gold</b> Awaits – NYTimes.com Posted: 16 May 2014 10:00 PM PDT
But the quest to salvage the S.S. Central America — which went down in 1857 in a hurricane off South Carolina carrying 425 souls, as well as thousands of coins, bars and nuggets of California gold — has produced a quarter-century of broken dreams and legal nightmares. The bones of the side-wheeler were discovered in 1988, nearly a mile and a half down. The finder hauled up glittering coins and boasted of treasure worth $1 billion. But paralysis ensued as waves of insurers and angry investors filed rival claims. Recovery of the shipwreck languished as courtrooms echoed with charges of fraud. In 2012, the finder became a fugitive. Now, with the legal obstacles cleared, a private company working with a court-appointed receiver has become the first to revisit the shipwreck in two decades. It is, the team was delighted to find, still heavy with treasure. Photo An Ohio billboard shows Thomas Thompson and Alison Antekeier.CreditJay LaPrete for The New York Times On April 15, the company, Odyssey Marine Exploration, lowered a robot into the depths of the Atlantic Ocean and hauled up five gold bars weighing 66 pounds — worth about $1.2 million as metal and more as artifacts. That step, the company says, opened a new chapter in the saga of the Central America that will include raising the rest of the gold and exploring the deteriorating shipwreck. "We want to show that it can be done right," Gregory P. Stemm, Odyssey's chief executive, said in an interview. "It's a great opportunity." When it sank, the Central America was steaming toward New York with a cargo meant to strengthen the city's banks. The 280-foot vessel was carrying so much gold — commercial and personal riches from the California fields estimated at three tons, as well as a rumored secret federal shipment of 15 tons — that its loss contributed to the Panic of 1857, considered the first global financial crisis. From the start, the locus of the recovery drama has been Columbus, Ohio — a landlocked city not known for treasure hunters. It is, however, home to the Battelle Memorial Institute, a private contractor specializing in science and technology. Thirty years ago, Thomas G. Thompson, a plucky Ohio native who was a young engineer at Battelle, began wooing investors with dreams of finding the Central America. Soon, the Columbus America Discovery Group was formed to finance the hunt, including a robot with lights, cameras, arms and claws. The team hit pay dirt in September 1988: Piles of gold coins and ingots lay scattered across the ship's rotting timbers, and overnight, the investors became millionaires — in theory, at least. In all, the team lifted up about two tons of gold. If sold today as pure metal, it would fetch $76 million. But as news of the sensational find went public, the group's investors were not the only ones paying attention. Claims to the fortune came from an order of Catholic monks, a Texas oil millionaire, and Columbia University, where an oceanographer had provided Mr. Thompson with sonar imagery of what turned out to be the shipwreck. And scores of insurance companies insisted that the treasure was rightfully theirs because of claims paid more than a century earlier. Thus began a legal battle that kept the gold locked away. The disputes crippled Mr. Thompson's ability to raise new funds, and treasure. It was not until about 2000, when insurers were awarded $5 million in gold, that his hands were untied. He sold much of the remaining treasure that his team had recovered, making a reported $52 million. But his 251 investors got nothing. In 2005, some of them sued. John G. McCoy, a Columbus mogul who had invested $219,000, told Forbes in 2006, "I think he was dishonest from the word go." Mr. Thompson avoided courtrooms, always speaking through intermediaries. One dispute centered on 500 coins that had seemingly vanished. In a 2012 filing, Mr. Thompson said they had gone into a trust in Belize, and in August of that year — when he failed to show up for a hearing — a federal judge ordered his arrest. It turned out that Mr. Thompson and his assistant, Alison Antekeier, for years had lived in Vero Beach, Fla., in a mansion set on four acres. By the time federal marshals went there to arrest Mr. Thompson, they had fled.
Federal marshals had billboards put up in Ohio and Florida seeking information about Mr. Thompson and Ms. Antekeier. Mr. Thompson's last known lawyer, Shawn J. Organ, in Columbus, no longer represents the gold hunter. "He's incommunicado," said Liberty P. Casey, Mr. Organ's office manager. "We haven't seen him or been able to track him down." Last May, the marshals auctioned off Mr. Thompson's 180-foot ship, the Arctic Discoverer. Its safe was empty. An important part of the legal drama was resolved that month, when Judge Patrick E. Sheeran of the Court of Common Pleas in Franklin County, Ohio, named as receiver Ira O. Kane, a Columbus lawyer and businessman whose task was to recover as much gold as possible for the benefit of creditors and duped investors. This March, Mr. Kane picked Odyssey — based in Tampa, Fla., and publicly traded — to resume the hunt. The stakes? Mr. Thompson recovered 532 gold bars and some 7,500 gold coins whose total face value, in 1857 dollars, was $1,126,000. Experts hired by Mr. Kane estimated the likely face value of the remaining gold at $760,000, but put the range at $343,000 to $1,373,000. In other words, more than half the treasure could still be sitting at the bottom of the sea, at least in theory. Mark D. Gordon, Odyssey's president, told investors in March that the remaining treasure, thought to be mostly gold coins, would fetch at least $85 million if sold for its value to collectors. On eBay, $20 coins from the original haul sell for up to $26,500. Not included in the receiver's estimate was a cargo long rumored to be aboard the wreck: 15 tons of Army bullion. A best-selling book about the discovery, "Ship of Gold in the Deep Blue Sea" by Gary Kinder, published in 1998, called it a secret shipment meant to shore up the faltering Northern industrial economy, and said the Army had recently declassified its existence. In an interview, Mr. Stemm of Odyssey said the reconnaissance dive and retrieval of the five gold bars on April 15, as well as two gold coins, was important for demonstrating that, contrary to rumors that the site had been looted, the deteriorating shipwreck was still tantalizingly rich with treasures. "It's clear they didn't do a complete recovery," Mr. Stemm said of the original team. He added that the dive "confirms that the site has remained untouched" since the last retrievals more than two decades ago. Helping direct the April 15 operation was Bob Evans, the chief scientist and historian of the Recovery Limited Partnership, one of Mr. Thompson's insolvent companies and the legal owner of the shipwreck. "I'm elated," Mr. Evans said in an interview. "I'm fulfilling my dream." On April 23, the new recovery ship, Odyssey Explorer, sailed from Charleston to renew the hunt. As a prelude to recovering the remaining gold, Odyssey is surveying the wreckage and will perform an archaeological excavation of the remaining artifacts. The company also plans to collaborate with a scientist from the Woods Hole Oceanographic Institution to study deep-sea life colonizing the site, and to continue science experiments initiated by Mr. Thompson's team. Odyssey will absorb the expedition costs if little treasure is recovered. If the take is substantial, the company will get 80 percent until it recoups its costs. After that, Odyssey's share will drop to 45 percent. Judge Sheeran, like the surviving investors, is eager to see what develops. The new plan, he wrote last year, bodes well for "the rebirth" of the enterprise and a renewed sense of awe as "more treasure, both historical and monetary, makes its way from the depths of the seas." As for Mr. Thompson, it seems likely that he, too — wherever he is — is giving serious attention to what emerges next from his ship of gold. |
The discovery of sunken gold conjures up visions of instant riches: Swiss bank accounts and lazy afternoons on faraway beaches, daiquiris in hand.
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