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Gold/Mining/Energy : SILVER (Ag) PRODUCERS -- Ignore unavailable to you. Want to Upgrade?


To: NYBob1 who wrote (98)6/29/2007 7:08:03 PM
From: NYBob1  Respond to of 144
 
Norges Bank Reports Stake in Apex Silver -
Monday June 18, 1:39 pm ET
Norges Bank Reports 5.1 Percent Stake in Apex Silver Mines -
mission blessing -
NEW YORK (AP) --

Norges Bank -
the Central Bank of Norway -
reported a 5.1 percent stake in Apex Silver Mines Ltd.
in a regulatory filing Monday with the Securities
and Exchange Commission.

Norges Bank reported owning about 3 million shares
of the Cayman Islands-based company.

Norges said the shares were acquired in the ordinary course
of business and not for the purpose of changing the control
of the company.

Apex Silver shares gained 6 cents to $20.87 in
afternoon trading.

biz.yahoo.com

investorshub.com

investorshub.com



To: NYBob1 who wrote (98)7/6/2007 1:05:22 PM
From: NYBob1  Read Replies (1) | Respond to of 144
 
Gold, Silver Futures Advance as Dollar Weakens Against Euro
By Pham-Duy Nguyen
July 6 (Bloomberg) --

Gold and silver rose in New York after a decline in the value
of the dollar boosted the appeal of precious metals as
alternative investments.

Gold generally moves in the opposite direction of the U.S.
dollar, which fell against the euro even after a report
showed more jobs were created last month than forecast.
Before today, gold had gained 2 percent this year while
the dollar had dropped 3 percent against the euro.

``Gold's inverse relationship to the dollar is very strong,'
said Frank Lesh, trader at FuturePath Trading LLC in Chicago.

Gold futures for August delivery rose $6.40, or 1 percent,
to $657 an ounce at 11:35 a.m. on the Comex division of
the New York Mercantile Exchange.
The metal is up 0.9 percent for the week.

Silver futures for September delivery rose 24 cents,
or 1.9 percent, to $12.82 an ounce on the Comex.

Before today, the price had declined 2.7 percent this year.

Silver was up 2.9 percent for the week.

Employers added 132,000 workers to payrolls last month, the U.S. Labor Department said. Economists projected employment would rise by 125,000, according to the median of forecasts in a Bloomberg survey. The increase followed a 190,000 gain in May that was larger than previously reported.

Gold also gained on higher oil prices. Some investors buy precious metals when energy costs rise to guard against inflation. Oil futures rose as much as 1.6 percent today to $72.94 a barrel, heading for fourth straight weekly gain.

Gold, Crude Links

The price of gold has more than doubled in the past six years as the price of crude has almost quadrupled, reaching a record $78.40 a barrel last July.

``We remain positive on gold based on a mix of supply and demand and macro and monetary catalysts,' John Hill, an analyst at Citigroup in San Francisco, said today in a note to investors. ``The drivers that have lifted gold by $50 to $150 an ounce per year remain firmly in place and we expect gold to work much, much higher over time in what has to be one of the simplest, most obvious calls in the capital markets.'

Gold will average $700 in the second half of this year and $750 in 2008, Hill said.

Still, some investors remain sidelined.

``Gold should be doing better in the face of the weak dollar
and $72 oil,' William O'Neill, a partner at Logic Advisors
in Upper Saddle River, New Jersey, said in a report today.
``It seems that many analysts like gold long term, but
the near term action continues lackluster.'

A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date.

To contact the reporter on this story: Pham-Duy Nguyen in Seattle at pnguyen@bloomberg.net .
Last Updated: July 6, 2007 12:00 EDT

DANZAS BOLIVIANAS (FIESTA DE SAN MIGUEL UNCIA-POTOSI) -

video.google.com

franklinmining.com.

FMNJ - mission -
Imo. Tia.
God Bless

Second wave LT trend started - of the 5-wave Elliott pattern -


investorshub.com



To: NYBob1 who wrote (98)7/14/2007 5:47:12 PM
From: NYBob1  Read Replies (2) | Respond to of 144
 
Franklin Mining - FMNJ - BRIDGE OF SILVER -



Legend has it that enough metal was extracted from -
The Cerro Rico Mine -
to build a bridge of silver from South America to Europe,
and the mine has left an indelible mark on Bolivian culture
due to the cruel toll it took on indigenous slaves.

Its vast reserves turned the nearby city of Potosi -
into the most populous in the Americas in the 17th century,
with some 120,000 inhabitants --
more than London, Paris or Madrid at the time.

A slump in silver prices threw its elaborate colonial
churches and mansions into a long decline and,
while the recent metals boom has brought a little
prosperity back to Potosi, the chilly highland region
is still one of Bolivia's poorest.

"Mining started in the Cerro Rico in 1545,
and it hasn't stopped since," said Manuel Farfan,
the regional head of Bolivia's state mining company Comibol.
"Production's increased today because of the prices,"
he said.

Today about 15,000 miners work the site every day
in round-the-clock shifts, and conditions have not changed
much since Spanish conquerors brought slaves to work
here nearly 500 years ago.

The centuries of mining mean rich seams of silver
are harder to find so greater risks are being taken.

"There are few places with a lot of silver
so the danger is that miners are excavating
the natural pillars that act like internal beams
inside the Cerro," said Samuel Rosales,
a former miner and sociologist who does research
for Care International, a nongovernmental organization.

Potosi's mining director, Elias, said irresponsible removal
of the natural beams meant more and more pressure was
building up inside the mountain.

"The exploitation has caused a kind of sinking to take place
in some parts of the sides of the Cerro Potosi
in the recent past," he said.

Regional and national mining officials and experts
from the state geology service, Sergeotecmin,
are about to start work on a survey of the site. -

The bottom line is the most safest for all -
incl. most safest for all miners, tourist etc.

Converting the site into an open-pit mine -
would cut the risks -
for all for the future -

But local people have fought past proposals that would
change forever the graceful silhouette of the mountain,
which stands behind the chilly Andean city that lies
nearly 4,000 meters (13,125 feet).

"The people of Potosi wouldn't allow it because
the Cerro Rico is precious to all Bolivians,"
Elias said.

That's in the past -
Franklin Mining have to give them all more safety education -
FMNJ -Mission - will ask the miners -
do you want to continue the mining? -
to the most safety for all -
with the highest economic future for all in Potosi -
incl. for good living standard for all children, families -
the open pit is common sense and
all with more information and education by -
FMNJ - Mission - agree -

its to be at the right place -
at the right time -

siliconinvestor.com

siliconinvestor.com