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China warns North Korea it will not tolerate ‘troublemaking’

“China has sent North Korea its strongest warning yet not to “misjudge” the crisis on the Korean Peninsula, telling Pyongyang it “cannot shirk its responsibility” for ratcheting up tensions.

The warning from North Korea’s only major ally came as speculation mounted that missile tests are imminent. US and South Korean officials are playing a waiting game, saying the launch of mobile weapons could come “at any time”, according to Pentagon sources [...]

Gold Production Down Another 4% In South Africa – Total Mineral Production Up 4.2%

by GoldCore

 

Today’s AM fix was USD 1,612.75, EUR 1,307.46, and GBP 1,029.79 per ounce.
Yesterday’s AM fix was USD 1,607.00, EUR 1,298.90 and GBP 1,030.33 per ounce.

Silver is trading at $27.93/oz, €22.79/oz and £17.94/oz. Platinum is trading at $1,415.75/oz, palladium at $583.80/oz and rhodium at $1,060/oz.

Gold edged up $1.20 or 0.07% in New York yesterday and closed at $1,612.80/oz. Silver dipped to $27.70 then hit a high of $28.25, then retreated [...]

The Waiting Game

by GoldCore

 

Today’s AM fix was USD 1,614.75, EUR 1,311.95, and GBP 1,032.78 per ounce.
Yesterday’s AM fix was USD 1,622.75, EUR 1,323.29 and GBP 1,034.46 per ounce.

Silver is trading at $28.92/oz, €22.78/oz and £17.94/oz. Platinum is trading at $1,414.20/oz, palladium at $587.70/oz and rhodium at $1,100/oz.

Gold dropped $8.80 or 0.54% in New York yesterday and closed at $1,613.30/oz. Silver edged down as low as $27.89 and ended with a loss of [...]

A new type of superbug that scientists warn is spreading faster – that most antibiotics can’t kill

(Bloomberg)  Lill-Karin Skaret, a 67-year-old grandmother from Namsos, Norway, was traveling to a lakeside vacation villa near India’s port city of Kochi in March 2010 when her car collided with a truck. She was rushed to the Amrita Institute of Medical Sciences, her right leg broken and her artificial hip so damaged that replacing it required 12 hours of surgery.

Three weeks later and walking with the aid of crutches, Skaret was [...]

Besieged gunman boasted he brought France to its knees

TOULOUSE, France (Reuters) – French police played a waiting game on Wednesday night with a besieged gunman suspected of shooting dead seven people in the name al Qaeda, seeking to capture alive a militant who had boasted of bringing France to its knees.

The 24-year-old Muslim shooter, identified as Mohamed Merah, has been bottled up by France’s elite RAID commandos since 3 a.m. (10.00 p.m. EDT) inside a five-storey building in [...]

Why Americans Are Paying More At the Pump

Turmoil abroad and rising costs at home means consumers will have to shell out more for gas this summer

Gas prices–already the highest they’ve ever been in January and February–shot up nearly 30 cents over the past month to a national average of about $3.70 per gallon, sparking worries that a steep increase in fuel costs could crimp consumer spending and hobble an economy that is just starting to show signs of [...]

PAPER: China or the US? Make your choice

From FT:

The defining geopolitical drama of the next century will be the battle for power and influence between China and America. That emerging struggle is already posing awkward choices for Asian countries, caught between the two global giants.

On Monday the US Senate was expected to pass a bill allowing for the imposition of tariffs on Chinese goods. Even if the protectionist drive in America now [...]

TEA PARTIERS REVOLT: HOUSE SPEAKER’S DEFICIT REDUCTION PLAN GOING DOWN IN FLAMES

Image: AP Photo/Carolyn Kaster

he House of Representatives delayed a vote on Speaker of the House John Boehner’s plan to raise the debt limit, facing a revolt from the tea party.

Boehner pulled his plan off the House floor around 5:15 this afternoon after it became clear he could not reach the 216 vote requirement with Republican votes.

Democrats have pledged to oppose the plan in the Senate, [...]

Does it work or not? BP tries to make sense of puzzling readings from busted well

The waiting game continued Saturday as engineers kept vigil over the massive cap holding back oil from BP’s busted Gulf well, their eyes glued to monitors in a faraway control room that displayed pressure readings, temperature gauges and underwater images.

Their round-the-clock work deciphering a puzzle of data from undersea robots and instruments at the wellhead is helping BP and the government determine whether the cap is holding tight as the [...]