Wednesday, May 24, 2006

Gold and Silver News

CBOT Expands Silver Complex and Launches Full-Sized Silver Futures Options
The Chicago Board of Trade (CBOT) announced today it will expand its Silver Complex by launching a new options contract on its CBOT Full-sized (5,000 oz.) Silver futures contract. The new contract will trade exclusively on the Exchanges premier electronic platform from 6:16 p.m. to 4:00 p.m. (CST) and is scheduled to begin trading on Monday, June 12, under the ticker symbol of OZI. -source

World Silver Survey 2006 Summery
The World Silver Survey contains a global analysis of the world's silver markets and has been produced by GFMS on behalf of The Silver Institute in Washington since 1994 -link

Anglo to dump all of AngloGold
Posted Wed, 24 May 2006
Anglo American will have completely disinvested in AngloGold Ashanti in up to three years, the group said on Tuesday.

According to Anglo American spokesperson Anne Dunn, nothing had been finalised as yet as to how it would go about disinvesting in the world's number three gold miner.

In October last year, Anglo said that because gold assets were valued differently from its other mining assets, and therefore attracted a different set of investors, it would sell its stake in AngloGold.

Since then Anglo dumped some 20 million shares in AngloGold, but still holds a 41.8 percent stake in the gold miner.

Anglo American shares gained 7.94 percent on the JSE on Tuesday, while AngloGold picked up 3.47 percent. -source

I will post gold and silver charts later...

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