2:24 AM

Most expensive words in the google ads

Rank name | sport Pay
($mil)
1 TIGER WOODS | golf $80.3
2 MICHAEL SCHUMACHER | auto racing $80.0
3 PEYTON MANNING | football $42.0
4 MICHAEL JORDAN | basketball $35.0
5 SHAQUILLE O'NEAL | basketball $31.9
6 KEVIN GARNETT | basketball $29.7
7 ANDRE AGASSI | tennis $28.2
8 DAVID BECKHAM | soccer $28.0
9 ALEX RODRIGUEZ | baseball $26.2
10 KOBE BRYANT | basketball $26.1
11 GRANT HILL | basketball $25.9
12 DEREK JETER | baseball $23.2
13 BARRY BONDS | baseball $22.7
14 MANNY RAMIREZ | baseball $22.1
15 OSCAR DE LA HOYA | boxing $22.0
16 LEBRON JAMES | basketball $21.1
17 VINCE CARTER | basketball $20.2
18 DALE EARNHARDT JR. | auto racing $20.1
19 ARNOLD PALMER | golf $20.0
20 PHIL MICKELSON | golf $19.8
21 ALLEN IVERSON | basketball $19.7
22 CHAMP BAILEY | football $19.6
23 JEFF GORDON | auto racing $19.3
24 LANCE ARMSTRONG | cycling $19.2
25 TRACY MCGRADY | basketball $19.0



Rank name | sport Pay
($mil)
26 RONALDO | soccer $18.5
27 CARLOS DELGADO | baseball $18.0
28 ICHIRO SUZUKI | baseball $17.8
29 RANDY JOHNSON | baseball $17.5
30 MIKE PIAZZA | baseball $17.3
31 JEVON KEARSE | football $17.2
32 SAMMY SOSA | baseball $17.0
33 PEDRO MARTINEZ | baseball $16.8
34 JASON GIAMBI | baseball $16.6
35 LAVAR ARRINGTON | football $16.5
36 BRIAN URLACHER | football $16.4

37 CARSON PALMER | football $16.3

38 GREG NORMAN | golf $16.2
39 ERNIE ELS | golf $16.1
40 RALF SCHUMACHER | auto racing $16.0
41 JASON KIDD | basketball $15.9
42 ZINEDINE ZIDANE | soccer $15.8
43 YAO MING | basketball $15.7
44 GRANT WISTROM | football $15.6
45 SHAWN GREEN | baseball $15.5
46 CHARLES ROGERS | football $15.4
47 RASHEED WALLACE | basketball $15.3
48 KEVIN BROWN | baseball $15.2
49 ANFERNEE HARDAWAY | basketball $15.1
50 ANDRE MILLER | basketball $15.0

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11:01 AM

Gold Stocks, GDX Dip, Canaco Appoints Executives


GOLD STOCKS NEWS – Gold stocks dipped Friday morning, as the Market Vectors Gold Miners ETF (GDX) fell $0.40, or 0.7%, to $59.77 per share. The weakness in gold stocks and the GDX came as gold bullion inched lower by $0.40 to $1,369.77 per ounce and the U.S. Dollar Index (DXY) rose 0.3% to 80.23. The S&P/TSX Global Gold Index, a composite of gold stocks traded in Canada, declined in concert with the GDX, by 0.2% to 412.51.

Gold stocks in the news included Canaco Resources (CAN.TSXV), which announced several key executive appointments as it continues to advance its Handeni Gold Project in the United Republic of Tanzania. The Canadian-based gold explorer announced the appointment of Shannon Ross as the company’s new Chief Financial Officer, Jeff Heidema, P. Geo, as V.P. Exploration, Nick Watters as Director, Business Development, and Meghan Brown as Director, Investor Relations.

Ms. Ross is a Chartered Accountant with over 25 years experience in accounting and financial management. She has previously served as CFO and Corporate Secretary for numerous mining companies, including Northern Orion Resources, ValGold Resources, Sultan Minerals and Emgold Mining. Ms. Ross will replace Jacqueline Tucker, who is leaving Canaco Resources to pursue other interests.

Mr. Heidema is a Canadian geologist with more than 25 years of exploration experience in both domestic and international projects. He has previously worked at Cominco, Teck Cominco and Teck Exploration groups. For the majority of his career, Mr. Heidema has concentrated on exploration project management for programs ranging from grass roots to near mine exploration, and also includes EHS, Agreement, and Tenure management. He primarily specialized in VMS and Archean gold exploration, and most recently was involved with the Advanced Projects group, concentrating on defining near-mine exploration targets and building value on key mine assets.

Mr. Watters, a co-founder of Canaco Resources, has been with the company since 2003. He has been involved in the raising of nearly $50 million since inception, and is an independent businessman who has worked in the financial community since 1995. Mr. Watters has worked with numerous public and private companies in a wide variety of sectors, including mining, high-tech and the biotech industries. Mr. Watters has also served on the Board of Directors of several public companies.

Ms. Brown has close to 20 years experience in the resource sector, and began her career with Suncor Energy. She has also worked with Transcanada and Placer Dome, and more recently was responsible for investor relations at Ventana Gold, which during her tenure was the top performing gold equity on the Toronto Stock Exchange.

Andrew Smith, Canaco’s President and CEO, commented that “These appointments significantly strengthen our management team and will greatly enhance our ability to deliver on our commitment to grow the Magambazi project into a world-class mining operation.”

Notable gold stocks moving lower alongside the GDX on Friday included Agnico-Eagle Mines (AEM), Barrick Gold (ABX), and Newmont Mining. In morning trading GDX components AEM, ABX, and NEM fell 1.5%, 1.4%, and 0.9%, respectively.

Short URL: http://www.goldalert.com/?p=8402

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11:00 AM

Gold, Silver Shares’ Best Day in 7 Weeks


Shares of gold and silver companies are having their best day since November 10, as the Philadelphia Gold & Silver Index (XAU) has climbed by as much as 2.2% to 225.46.

The strength in gold and silver shares has come amid a surge in precious metals, with gold bullion rallying $23.90, or 1.7%, to $1,406.80 per ounce, and silver surging $1.10, or 3.7%, to $30.35 per ounce.

With today’s gains, gold is within 1.8% of its $,1342.50 all-time high, while silver has risen to within 1.3% of its 30-year high of $30.75 per ounce.

Notable advancers in the gold and silver sector included XAU components AngloGold Ashanti (AU), Gold Fields (GFI), Randgold Resources (GOLD), Silver Standard Resources (SSRI). In afternoon trading AU, GFI, GOLD, and SSRI were higher by 2.0%, 1.5%, 3.1%, and 2.7%, respectively.

Short URL: http://www.goldalert.com/?p=8728

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10:59 AM

Gold, Silver Shares Dip Alongside Metals


Shares of gold and silver companies followed precious metals lower Monday, as the Philadelphia Gold & Silver Index (XAU) dropped 1.42 points, or 0.6%, to 219.84.

The modest weakness in the XAU came as gold bullion dipped $3.10, or 0.2%, to $1,382.03 per ounce, while silver fell $0.08, or 0.3%, $29.25 per ounce.

Notable decliners included XAU components Barrick Gold (ABX), Goldcorp (GG), Pan American Silver (PAAS), and Silver Wheaton (SLW). In morning trading ABX, GG, PAAS, and SLW retreated 0.6%, 1.0%, 1.7%, and 0.9%, respectively.

The Toronto Stock Exchange and TSX Venture Exchange in Canada are closed today in observance of Christmas.

Short URL: http://www.goldalert.com/?p=8676

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10:52 AM

Silver, Gold Top Picks in 2011 Commodity Survey


Silver will be the top performing commodity in 2011, according to a Bloomberg survey of more than 100 investors, traders, and analysts.

Results of the survey found that silver is expected to reach $40 per ounce, for a gain of 37% next year, the most of the 15 commodities included in the questionnaire.

Gold was forecast to rise by the second greatest amount, 23%, to $1,700 per ounce, while Arabica coffee is expected to be the worst performer, with only a 7% gain.

Among purely industrial metals, zinc was the top pick, with a 21% estimated gain.

Short URL: http://www.goldalert.com/?p=8714

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10:46 AM

Gold Price Surges Through $1,400


GOLD PRICE NEWS – The gold price soared through $1,400 Tuesday morning, rising 1.4% to $1,403 per ounce. While the gold price climbed, the U.S. dollar dropped versus the euro and yen, helping to increase investors’ appetites for hard assets. Oil, copper, and silver all moved higher alongside the price of gold, which dipped briefly near $1,370 yesterday on concerns over monetary tightening in China.

The SPDR Gold Trust (GLD), the most liquid gold price proxy in the equity markets, climbed $1.00 to 137.00 while the iShares Silver Trust (SLV), the largest silver bullion exchange traded fund, rose 2.3% to $29.10.

The gold price – as well as silver, oil, and the rest of the commodity complex – continue to benefit from the U.S. central banks’ quantitative easing programs and a macro-economic backdrop characterized by negative real interest rates. Meanwhile, silver has outperformed the gold price this year, based in large part on its dual role as a precious and industrial metal amid the global economic recovery. With today’s advance, the silver price extended its year-to-date gain to 74%.

Shares of gold companies moved higher in pre-market trading on the back of stronger gold prices. Today’s strength follows a sell-off yesterday in the Philadelphia Gold & Silver Index (XAU), which dropped 0.3% to 220.50. Notable decliners in the gold sector on Monday included XAU components Agnico-Eagle Mines (AEM), Kinross Gold (KGC), and Yamana Gold (AUY). Shares of AEM, KGC, and AUY finished lower by 1.4%, 0.6%, and 0.6%, respectively. AEM, KGC, and AUY all rose this morning.

The XAU has risen 31% in 2010 and while the outlook for the share prices of gold producers is bright given a $1,400 gold price, not every fund manager is optimistic. Commenting on the strong performance of gold stocks in 2010, Dr. John Hussman highlighted the importance of declining U.S. Treasury bond yields and negative short-term real interest rates. The founder of The Hussman Funds noted that the XAU has historically risen 23% on an annual basis when the 10-year Treasury yield has remained below its level of six months prior, but has declined at a 5.9% annual rate during periods of rising yields.

With respect to the current economic environment, the 10-year U.S. Treasury yield recently climbed to 3.50% for the first time since early May of this year. Although real short rates are still in negative territory, Hussman noted that this backdrop “has historically not been enough to overcome rising bond yields and produce positive returns in the XAU, on average, except when the Gold/XAU ratio has been well above 7.” Presently, the ratio of the gold price to the XAU stands at 6.3.

Hussman contended that “investors chasing commodities have not paused to recognize that one of the major supports for this run – falling Treasury bond yields – has been knocked away from them.” Consequently, he viewed the recent strength in commodities as “purely speculative.” While Hussman stated that gold stocks remain reasonably valued in light of the current gold price, “the present Market Climate for precious metals shares…is just not positive anymore.”

Hussman’s caution is perhaps consistent with the skepticism that has been leveled at both the gold price and the shares of gold producers over the past decade. The gold price has risen for ten consecutive years and if bull markets climb a wall of worry, 2011 could prove to be number eleven.

Short URL: http://www.goldalert.com/?p=8695

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10:02 AM

Yen drops to its lowest level in eight and a half months


Hui yen to its lowest level in eight and a half months against the dollar on Tuesday after strong economic data in the United States increased the expectations of investors by raising interest rates this year.
And approached the lowest level of the euro in the year, with growing concerns about the success of the plan of financial assistance to Greece and settled before the Australian dollar was up an expected increase in interest rates.
The dollar rose 0.4 percent to 94.98 yen, its highest level since Aug. 24 last year. Later settled near 94.90 yen.
According to the Ministry of Commerce said on Monday that manufacturing in the United States recorded the fastest growth rate in nearly six years in April and increased U.S. consumer spending, which represents more than two-thirds of U.S. economic activity in March for the sixth straight month.
The yen fell against the euro and Australian dollar.
The euro of $ 1.3195, unchanged from the closing price in New York, where it decreased 0.7 percent.
The transaction is expected to be light due to the market closed in Tokyo on Tuesday.
Source: Reuters
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