openPR Logo
Press release

OTO’s Positive News on Gold – Steady above $1,640

05-10-2012 05:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: OTO Mining, Ltd.

Last week, OTO have seen that the precious yellow metal floater over near $1,640 an ounce after dropping 1 percent in the last couple of weeks. And by 0023 GMT, there was a bit change in the spot gold which is $1,641.40 an ounce and U.S. gold traded nearly flat at $1,642.50.

To measure the conditions of the second-largest economy of the world, investors have closely watched the flash China HSBC manufacturing survey on 0230 GMT. In a bid to protect the worldwide economy from the euro zone debt crisis, the leading world economies have agreed to more than double the lending power of the International Monetary Fund.

During last week ended April 17, money managers raised their net long positions in U.S. gold futures and options but they have cut their net long bets in silver according from OTO’s source, U.S. Commodity Futures Trading Commission.

Meanwhile, to finally solve the Europe’s debt crisis, the global finance chiefs pressed Europe in weekend discussions to quickly put in place the needed economic reforms, now that there some precious time available in the newly increased financial buffer.

OTO Mining, Ltd. is an international silver mining company engaged in the exploration, development, acquisition, and mining of high-grade silver properties in China. Throughout the years of operation, OTO Mining, Ltd. has advanced exploration on multiple highly prospective targets and the company continues to focus on internal growth through active exploration programs. A superior opportunity for future corporate development and growth in shareholder value is created through the exploration projects of OTO Mining, Ltd. combined with low market capitalization, the joint venture business model, and low operating costs.

OTO Mining, Ltd.
No. 33 Qiaoxi Avenue, Songshan District, Chifeng City, Inner Mongolia 024005, Mongolia
Phone: +18663110818
Office Phone: +108007131478
Bolormaa Kushi

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release OTO’s Positive News on Gold – Steady above $1,640 here

News-ID: 220911 • Views: 3548

More Releases from OTO Mining, Ltd.

OTO Mining, Ltd. believes Silver will continue to Boom
From an OTO Mining, Ltd. survey source, it’s shown that an estimated 93 percent of United States retailers strongly believe that current silver boom will continue, and so does OTO Mining, Ltd. If this is the case an increase in price will follow the increase in demand. Performance of silver jewelry sales have been good in 2011, focusing particularly during the Holiday Season. Most of the participants who joined the 3rd
OTO Mining, Ltd. Silver Mining Developments
For OTO Mining, Ltd., factors behind silver are robust and the rare earth white metal has become a strategic metal in today’s market. It is essential and required in almost modern devices, like in the electronics, solar panels, and even in all the new medical uses, such as biocides. Reports have shown OTO Mining, Ltd. that silver is now beginning to be used in hospitals for no known bacteria can
OTO Mining, Ltd.: High Potential Gains from Silver
This year, silver has been good so far and OTO Mining, Ltd. has witnessed that silver prices are outpacing gold advising cautious investors to get into silver without having much to worry about. Though this white metal poses challenge and seems to be volatile, it still offers potential for more gains. Earlier this month, silver futures are up by 20 percent. Silver has moved up and surpass gold after a period
OTO Mining, Ltd. Silver Forecast
OTO Mining, Ltd. is excited to report that the company foresees that silver prices may bounce back to $40-50 levels supported by a robust development in worldwide solar photovoltaic market and demand for the white metal is set to grow while silver prices remain volatile. With the data that has been accumulated by professional analysts, silver consumption in the photovoltaic sector has increased from just below 50 tons in 2001

All 5 Releases

More Releases for Mining

Smart Mining Market
Smart Mining Market Size Worth $ 22033.9 million By 2026 | CAGR: 23.6% The global Smart Mining market size is expected to reach USD 22033.9 million by 2026 according to a new study by WhipSmart MI Research. The report “Smart Mining Market by System and Solution (Operational Data Processing and Analytics, Smart Assets, Smart Logistics, Smart Control Systems, Smart Safety and Security System and Remote Management Solution); By Method (Surface Mining,
Cloud Mining Explained
There are many ways you can participate in Mining Bitcoin and other Alt or Alternative coins and be a part of the ever-expanding Bitcoin Community. Bitcoin mining leasing companies allow you to participate and be part of the blockchain network by leasing out their Computing Power to the public. Leasing Companies do this to expand their own network while at the same time, letting less technically minded people get involved
Aluminum Mining Market
Global Aluminum Mining Market: Overview The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market. The report discusses the major developments, restraints, growth drivers, and opportunities in the global aluminum mining market. The major market players have been discussed in detail, wherein their key market strategies, product portfolios, and market shares are revealed. The report also sheds light on value
Smart Mining Market
The advent of remote-controlled trucks at an iron ore mine resulted in increased safety of workers and operators. However, the manufacturer offered mining equipment to meet the safety standards as regulated by Mining Federal Agencies and contribute to sustainable environment without affecting the landscape. Moreover, increased adoption of infrared sensors and safety and security solutions at mining sites has led to remarkable growth of the smart mining market. View detail summary
Mining machine and gold mining equipment manufacturer
NanJing Sinonine Heavy Industry Science & Technology Co., Ltd is a high-tech enterprise as a leading mining equipment manufacturer and mining engineering EPC service provider in China. Sinonine has a strong production capacity, its products cover a full range of equipments for beneficiation engineering such as feeding & conveying, crushing & screening, grinding & classifying, flotation, gravity separation, magnetic separation, dewatering, drying & calcination, industrial grinding, industrial dust collecting,
Smart Mining Market:
Earlier, the mining industry was mainly dependent only on the labor force. Miners usually used tools such as iron chisels and hammers, compressed drills, pickaxes, and other manually operated tools for mining operations. Hence, to reduce the manual intervention in order to save the time utilized and associated costs there was a need for smart mining. The introduction of numerous smart mining technologies for carrying out mining operations thus has