Showing posts with label Metals. Show all posts
Showing posts with label Metals. Show all posts

Saturday, November 20, 2010

Base Metals Jump on USD Weakness. JP Morgan Seeks to Launch Copper ETF

ONG Focus | Insights | Written by Oil N' Gold | Mon Oct 25 10 07:21 ET

Strength in commodities continued in European session as weakness in USD raised the appeal of these assets. Currently trading at 82.6, the front-month contract of WTI crude oil surged to 82.99, the highest level in 4 days, as risk appetite increased amid expectations that the Fed will announce new easing measures to revive the recovery. Moreover, industrial action across France causing shutdowns in 9 of 11 refineries added to worries about fuel supplies. The precious metal complex rallied with gold advancing to as high as 1249.5 and palladium jumping to a 9-year high of 620.

While USD is the ultimate driving force for oil price, there are other factors supporting the rally. As industrial actions opposing the French government's plan to raise the retirement age to 62 from 60 continue, 1/4 of France's 12 300 fuel stations faced supply disruptions. the refiners' group Union Francaise des Industries Petrolieres said that the country imported 100K tons a day from an average of 20K -25K tons in normal days. The union worried the situation will worsen as the strike will continue at least until October 28. While we believe the impact on US fuel supplies would be limited given abundant stockpiles, prolonged labor actions should unnerve the market.

Another support for oil prices is hurricane Richard. Yet, the impact should dissipate soon as the US National Hurricane Center said the hurricane weakened and was downgraded to a tropical storm and will unlikely cause any damage in Gulf's oil facilities.

Base metals remained strong with copper jumping to a 27-month high in London. Strong import data from China and JP Morgan's plan to launch physically-backed copper ETF contributed to the rally. China imported 383 523 metric tons of copper concentrate in September, up +44.05% and +21.62% on monthly and annual basis respectively. This upstaged declines in imports on unwrought copper and copper products.

Apart from ETF Securities which is planning to start ETF backed by 6 industrial metals, JP Morgan revealed that it will launch a copper ETF, backed by 'grade-A metal, not futures'. As stated in the document filed to the SEC, the shares are 'intended to provide institutional and retail investors with a simple and cost-efficient means, with minimal credit risks, of gaining investment benefits similar to those of holding physical copper'. JP Morgan hopes to start trading on NYSE 'as soon as practical'.

While it's expected that the launch of an ETF backed by aluminum would increase the demand for aluminum and hence the price, the situation may be different for copper. Copper inventory has stayed at low level and price has been rallying. Some analysts concern that further price hike after launch of a copper ETF may hammer demand.

 

Latest Analysis from this Author

Economic Calendar 11/1/10 (Sunday, 31 October 2010 14:44 ET)Weekly Fundamentals - QE2 Decisions the Key Event ... (Saturday, 30 October 2010 12:11 ET)Gold Weekly Technical Outlook (Friday, 29 October 2010 18:03 ET)Silver Weekly Technical Outlook (Friday, 29 October 2010 18:02 ET)Crude Oil Weekly Technical Outlook (Friday, 29 October 2010 18:02 ET)Natural Gas Weekly Technical Outlook (Friday, 29 October 2010 18:01 ET)Sentiment Sours ahead of US GDP (Friday, 29 October 2010 07:07 ET)Gold Soars as ECB Policymakers Warn about Currency... (Friday, 29 October 2010 00:39 ET)Economic Calendar 10/29/10 (Thursday, 28 October 2010 11:43 ET)Gold Daily Technical Outlook (Thursday, 28 October 2010 07:14 ET)

View the original article here

Thursday, November 18, 2010

Base Metals Jump on USD Weakness. JP Morgan Seeks to Launch Copper ETF

ONG Focus | Insights | Written by Oil N' Gold | Mon Oct 25 10 07:21 ET

Strength in commodities continued in European session as weakness in USD raised the appeal of these assets. Currently trading at 82.6, the front-month contract of WTI crude oil surged to 82.99, the highest level in 4 days, as risk appetite increased amid expectations that the Fed will announce new easing measures to revive the recovery. Moreover, industrial action across France causing shutdowns in 9 of 11 refineries added to worries about fuel supplies. The precious metal complex rallied with gold advancing to as high as 1249.5 and palladium jumping to a 9-year high of 620.

While USD is the ultimate driving force for oil price, there are other factors supporting the rally. As industrial actions opposing the French government's plan to raise the retirement age to 62 from 60 continue, 1/4 of France's 12 300 fuel stations faced supply disruptions. the refiners' group Union Francaise des Industries Petrolieres said that the country imported 100K tons a day from an average of 20K -25K tons in normal days. The union worried the situation will worsen as the strike will continue at least until October 28. While we believe the impact on US fuel supplies would be limited given abundant stockpiles, prolonged labor actions should unnerve the market.

Another support for oil prices is hurricane Richard. Yet, the impact should dissipate soon as the US National Hurricane Center said the hurricane weakened and was downgraded to a tropical storm and will unlikely cause any damage in Gulf's oil facilities.

Base metals remained strong with copper jumping to a 27-month high in London. Strong import data from China and JP Morgan's plan to launch physically-backed copper ETF contributed to the rally. China imported 383 523 metric tons of copper concentrate in September, up +44.05% and +21.62% on monthly and annual basis respectively. This upstaged declines in imports on unwrought copper and copper products.

Apart from ETF Securities which is planning to start ETF backed by 6 industrial metals, JP Morgan revealed that it will launch a copper ETF, backed by 'grade-A metal, not futures'. As stated in the document filed to the SEC, the shares are 'intended to provide institutional and retail investors with a simple and cost-efficient means, with minimal credit risks, of gaining investment benefits similar to those of holding physical copper'. JP Morgan hopes to start trading on NYSE 'as soon as practical'.

While it's expected that the launch of an ETF backed by aluminum would increase the demand for aluminum and hence the price, the situation may be different for copper. Copper inventory has stayed at low level and price has been rallying. Some analysts concern that further price hike after launch of a copper ETF may hammer demand.

 

Latest Analysis from this Author

Economic Calendar 11/1/10 (Sunday, 31 October 2010 14:44 ET)Weekly Fundamentals - QE2 Decisions the Key Event ... (Saturday, 30 October 2010 12:11 ET)Gold Weekly Technical Outlook (Friday, 29 October 2010 18:03 ET)Silver Weekly Technical Outlook (Friday, 29 October 2010 18:02 ET)Crude Oil Weekly Technical Outlook (Friday, 29 October 2010 18:02 ET)Natural Gas Weekly Technical Outlook (Friday, 29 October 2010 18:01 ET)Sentiment Sours ahead of US GDP (Friday, 29 October 2010 07:07 ET)Gold Soars as ECB Policymakers Warn about Currency... (Friday, 29 October 2010 00:39 ET)Economic Calendar 10/29/10 (Thursday, 28 October 2010 11:43 ET)Gold Daily Technical Outlook (Thursday, 28 October 2010 07:14 ET)

View the original article here

Tuesday, November 16, 2010

Precious metals refinery in Malaysia

For Immediate Release

International investment companies AAIC Ltd and BWT Investments Ltd have joined forces to take advantage of the surge in demand for physical gold bullion, committing an initial US$25m to develop a global network of precious metals refineries.

The first new refinery, which will produce gold bullion of the finest purity, will be built in Malaysia at a cost of US$10m. Further factories are earmarked for the Middle East, Central Asia, Africa, and South America in an expansion that will take five years to complete.

Group Managing Director Patrick Harvey said: ?Malaysia is the ideal location for our first factory as it has liberal gold trading laws and an investor friendly fiscal framework. The refineries will produce up to ten tons of bullion a month each and will take advantage of new environmentally sound technologies?

AAIC Ltd is an international investment company established in Guernsey, CI with strong ties to Malaysia, London, and the US, and BWT Investments Ltd is part of the international BWT Group of Companies.

For further comment, please contact:

Chandrasegaran in Malaysia on +60 1 29172150 or by e-mail at chandran@aaicl.com

Bryan L. Cook in London on +44 207 193 0107 or Zurich on +41 44 586 2280 or by e-mail at blcook@aaicl.com

Kuala Lumpur, 24 February 2010

Related categories:  Big bars   Bullion coins and small bars   Gold bars   Gold coins   Gold trading   Jewellery  print versionPrint version | email this to a friendEmail to a friend | view other articles View other articles


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Sunday, October 17, 2010

Gold, Silver And Platinum - They're Not Called 'Precious' Metals For Nothing


When you're buying a special piece of jewellery - whether it's an engagement ring or a birthday necklace - it's likely you'll hear the term 'precious metal' thrown around a lot. But what exactly is a precious metal - and what makes it so 'precious'? When it comes to jewellery, the three most precious metals are silver, gold and platinum - in that particular order. And if you're buying jewellery made out of these metals, it's important to know what each of them denotes, and how expensive they are, before making your purchase.

Silver, for example, is one of the cheapest precious metals, and currently sits at about one fiftieth the price of gold by mass, although it did once trade at one sixth the price of gold before the Age of Discovery. As a soft metal, silver needs to be alloyed with other metals before being made into jewellery, in order to make the metal stronger and more resistant. 'Sterling Silver' needs to contain at least 92.5% pure silver in order to gain this mark (the remaining 7.5% is usually comprised of copper). This small copper content means that silver jewellery is likely to tarnish, so if you're thinking about buying a sterling silver ring or bracelet, it's important to make sure you clean in properly. Many people like to use toothpaste to clean silver jewellery, but if you're looking for a less abrasive cleaning formula, it's best to invest in a silver-cleaning fluid at the time of purchase. Further, to make sure the silver jewellery you've bought is high quality, ensure that it's been stamped with a purity mark (like 925) before you buy.

Gold, on the other hand, has long-held associations with investment and wealth as a precious metal. As with silver, gold is a soft metal and so also has to be alloyed with other metals to make it hard enough for jewellery making. Pure gold, for example is yellow, while white gold is gold that has been alloyed with nickel, copper and zinc, and can sometimes look similar to platinum. In this way, the colour of gold can be manipulated in order to create a number of different types.

Of these three popular precious metals, however, platinum is the most expensive. Its heavy-weight and durable nature means that it's great for diamond-encrusted jewellery and is similar in colour, though not in properties, to white gold. Generally speaking, platinum jewellery is 90% pure platinum and 10% iridium or palladium alloy. Moreover, jewellery that contains more than 95 per cent pure platinum is marked 'platinum' (950 plat or 950pt), whereas 85 percent pure platinum will be marked 850plat or 850pt. Platinum jewellery is rapidly gaining popularity and other related metals - like palladium and titanium - are, as a result being used with increasing frequency in jewellery-making. Hence, platinum jewellery designs are often modern and chunky, with an ethos that reflects the lifestyle of its new buyers.








Elisha Burberry is an online, freelance journalist and keen traveller and watersports enthusiast. Originally from Scotland, she now resides in London.


Saturday, October 16, 2010

How About Investing in Precious Metals Like Gold and Silver?


Have you ever thought about investing in precious metals like gold and silver? Do you know that gold prices are soaring higher and higher for the last many months? If these soaring gold prices make you feel like investing in gold, then you need to know that there is another precious metal that can give three times more gain in the future as compared to gold. IF you invest in that metal and in gold took, you can reap a windfall!

So, you are interested in gold investing! Than read on! There is another metal, I told you about. This metal can give three times more return as compared to gold. Guess what is that precious metal? Platinum? No, it is silver also known as the while metal. Gold and silver have always been considered to be things of beauty in human history. Silver less so but still those women who could not afford gold, would always wear silver.

What's so special about gold and silver. Gold has been ingrained in the human psychy as the thing of beauty as the ultimate wealth. Throughout human history, people have been hoarding gold. The same phenomenon has not taken hold of different countries. Dollar has become weak due to the recent financial crisis that the world experienced. Countries like China, Russia and India want to hedge their international currency reserves most of them being in US Dollar. So, they want the ultimate currency, "gold."

This way these countries think they would be safe in case of a major Dollar devaluation that might take place in the unforseen future. Silver is also being bought as both gold and silver have been used to mint coins from times immemorial. This trend of buying huge quantities of gold and silver is driving their prices sky high. Remember the time in 19th century when the world was on the gold standard. Countries would keep gold and silver as international reserves. We might be headed back to that time!You never know.

No one knows the future. No one could predict the birth of the present currency markets that took place in 1973. No one knows the future of currency markets! Now, gold and silver respond to almost the same fundamentals. When gold prices go up, silver prices will invariably follow. Silver or the while metal is experiencing many other forces that can force the prices of this white metal to rocket even faster than gold even beyond those driving megatrends the while metal shares with gold.

Now, there is a huge imbalance between the supply and demand of silver. Silver is widely used in the electronics industry, photography, soldering metal pipes, plastic industry, coin minting, laptops, digital cameras, dishwashers and even refrigerators. What this shows is the supply of silver is even more limited as compared to gold. The best way to profit from investing in this gold and silver rush that is going to happen in 2010 and beyond is to purchase gold and silver calls or trade gold and silver futures.

Trading futures is a what you need right now. One of the best ways to trade commodities is to learn futures trading. Position yourself for the coming gold and silver rush by starting paper trading gold and silver futures contracts Another method to invest in the upcoming gold and silver rush is to invest in gold and silver mining companies by buying their stocks. Investing in gold and silver mining companies had made a lot of people rich in 1970s to 1980s. The same can happen in the coming decade.

I give you one example, how things exploded in 1970s when the gold and silver boom suddenly started. Silver prices in 1970 went from just $1.29 per ounce to it's peak of $49.45 per ounce in 1980 in just ten years giving a whooping gain of 3,773%. Now compare that with the measly 12-15% return on Dow or S&P 500 Index. You may be thinking that this is distant memory. Those days of gold and silver are gone! But,this time people are sure, even better days lie ahead for those who will invest in gold and silver.

Take another example of a junior silver mining company, the Lion Mines. It's stock was trading at $0.07 in 1976! Yeah, that's just 7 cents. Within a short span of 41/2 years, it's stock price had reached a whooping $380 per share. Can you imagine that! If you had just invested $184 in the shares of Lion Mines Company, you could have easily made a million dollar in just under 41/2 years. This time, again a boom is lying around the corner in the silver market. Don't wait!








Mr. Ahmad Hassam has done Masters from Harvard. Give 60 days RISK FREE trial to this Day Trading Course that teaches trading not more than 20 minutes each day and making 5 figures every month. Learn Commodity Trading!


Thursday, October 14, 2010

Gold and Silver - The Crucial Reason Why Investors Should Own Precious Metals


Gold and silver have been a store of value and a medium of exchange for literally thousands of years. As assets, these two precious metals have certainly had their ups and downs in recent decades. But why consider them today? Are they better or worse than other asset classes (such as stocks or bonds) in today's uncertain economy?

There are always advantages and disadvantages to acquiring any given asset or security when the goal is wealth-building (or wealth preservation). We know that when times are good, and the economy is roaring along, stocks tend to do very well. When times are bad and the economy seems to be hitting a rough patch, conventional wisdom has been to keep more money in safer venues such as government bonds or bank certificates of deposit (CDs).

Every asset has strengths and weaknesses and it is up to the investor (and/or there advisor) to figure out which asset is preferable at a given. For 2010, and beyond, there is a solid reason why gold and silver are strong considerations for investors concerned about today's economy and financial markets.

Although the typical reasons given for investors to consider owning gold and silver are that they are traditionally good hedges against inflation and market turmoil, there is another reason that often missed...even by financial planners and experienced investment pros. In today's market environment, this may very well be the most important reason of all to consider precious metals.

Counter-party risk. It sounds odd but it is probably the most important reason why investors should add gold and silver to their portfolios. Specifically I am referring to gold and silver physical BULLION. In other words, gold and silver physical coins and bars purchased from reputable dealers. Why?

One of the most desirable benefits of owning gold and silver physical coins and/or bars is that these two metals do not have "counter-party risk". Counter-party risk is the risk that the counter-party in a particular security will be not able to live up to its' promise or performance. Virtually all paper assets (stocks, bonds, mutual funds and even bank investments and currencies) have counter-party risk. If you are still a little unsure of the concept, let me give you some examples.

? When you own a stock, there is counter-party risk. The stock is only as valuable (or desirable) as how well the company involved is performing. If the company is doing well, the stock will continue to have value. However, if the company is in trouble (financial or otherwise), or it is in danger or bankruptcy, then the stock will lose value. Ultimately, if the company goes bankrupt, the stock becomes worthless. Example: Enron or Bear Stearns.

? When you own a bond, it has counter-party risk. What happens if the bond issuer goes out of business or refuses to pay back the principal and/or interest? Then the bond loses value and it could become worthless should the bond issuer not make good on the promise to pay the bond (and interest) in full. Example: Bonds created from sub-prime mortgage securities.

? When you have money in a mutual fund, or hedge fund or some third-party manager, there is counter-party-risk. What if that fund goes out of business? What if their portfolio is loaded with bad Securities? What about fraud? Example: Bernard Madoff.

I think that you are getting the picture. "Paper assets" have counter-party risk. That risk is not limited to just stocks, bonds or funds. In recent years we have learned that sometimes your money is not safe in a bank. In addition, even cash itself can have counter-party risk because of inflation. When governments crank up the printing press to unleash hyper-inflation (as in Yugoslavia in 1989-94 or Zimbabwe 2006-09), the currency becomes worthless literally overnight.

Gold and silver do not have counter-party risk. They have their own intrinsic value and that value is not dependent on another party's promise or performance. Remember...physical bullion since owning stock in gold and silver mining companies has many of the same counter-party risks that any other stocks would have.

Part of the reason that precious metals have this unique quality is that gold and silver can not be created out of thin air by any government. Both are finite in supply and it is not easy to extract them from the earth. Annual mining only adds about two percent to the world's above-ground supplies.

Next time you hear the word "diversification", think "outside the... uh... paper box". Don't just diversify among paper assets since the portfolio would still be exposed to counter-party risk. Add non-paper assets like gold and silver for more assured diversification.








Paul Mladjenovic is a CFP, author and national seminar leader. He is the author of The Unofficial Guide to Picking Stocks and Zero-Cost Marketing. Since 2000, he has been one of the most successful financial forecasters in the nation by accurately forecasting many economic events including the housing bubble, commodities bull market and the recessions of 2001 and 2008 among others. Paul is the editor of the Prosperity Alert newsletter and his website is http://www.SuperMoneyLinks.com and his blog is http://www.Mladjenovic.blogspot.com.


Gold, Silver, and Platinum - All About Wedding Jewelry Precious Metals


When you begin shopping for your wedding jewelry, the choices can be overwhelming. Not only are there numerous options, but you want your engagement ring, wedding band, and bridal jewelry sets to have a cohesive style. To get you started, take a look at this guide which explains the differences between all the different types of wedding jewelry metals, including gold, platinum, and silver.

Gold has been a traditional material for wedding jewelry for thousands of years. Malleable enough to fashion into decorative designs, durable enough to last for generations, gold has been one of the most revered precious metals since ancient times. Gleaming yellow gold will add a rich luster to your wedding jewelry. 24kt (pure gold) is considered to be too soft for jewelry like rings, so it is usually alloyed for strength and sometimes for color. 18kt gold (75% gold with 25% alloys) is the standard in Europe and is preferred by American fine jewelers for its higher gold content and richer color. 14kt gold is 14 out of 24 parts pure gold, and is popular for couples who like the beautiful color of gold but are looking to save a little bit on price.

White gold and rose gold are created when an alloy is added to yellow gold to change the color. Many people confuse white gold with platinum, but there are some differences. Platinum will have the purest and brightest white color, since unlike white gold, that it its natural color. White gold is also a bit softer than platinum, although it can still be quite durable. Most people choose white gold over platinum because it is considerably less expensive. Look for white gold wedding bands which have been rhodium finished to give them a brighter white appearance. The process may need to be repeated from time to time, but will definitely improve the look of the metal. Brides and grooms with sensitive skin should take care to select white gold wedding jewelry which is not alloyed with nickel, which can be very allergenic. Look for palladium alloys instead.

Brides who want the strongest and most valuable precious metal for their bridal jewelry turn to platinum. Very dense and strong, the brilliant white metal is ideal for securing diamonds. Due to its strength, it is common for even yellow gold engagement rings to have platinum prongs holding the diamond. It is also naturally hypo-allergenic, making it a good choice for wedding bands for men and women with sensitive skin. Platinum is popular for both modern and vintage inspired jewelry designs. The major drawback of platinum is its high price.

Silver is a very popular metal for bridal jewelry sets as well as bridesmaid jewelry. The white metal makes an excellent coordinate to a white gold or platinum engagement ring, but is also highly affordable. The malleability of silver makes it wonderful for jewelers to use when creating handcrafted sets of bridal jewelry. Silver is often used as the metal of choice for wedding jewelry sets featuring freshwater pearls and Swarovski crystals.

Newer to the fine jewelry scene are metals such as titanium and palladium. The chief appeal of titanium is that it combines strength with lightness. It does not however, offer the same radiance of platinum, silver, or white gold, and titanium rings can be problematic to cut off in case of emergency. Palladium is a member of the platinum family, and until recently was primarily used as an alloy. It shares the same whiteness as platinum, but can be prone to discoloration when soldered, making it more difficult to use for jewelry. With so many beautiful options, the bride and groom can be sure that they will be able to find the perfect jewelry for their wedding.








Read Guy's other articles on weddings,society and fashions and let us know what you think. Call us at http://silverlandjewelry.com/ for help with your bridal jewelry sets or bridesmaid gift needs. We are pleased to offer free shipping on all jewelry orders over $99.


Wednesday, October 13, 2010

The Observed Presence of Silver, Gold, and Platinum - Group Metals In Oil and Gas Production Waste

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Introduction:

There is a long standing dispute concerning the presence of measurable and possibly economic amounts of precious metals in certain naturally occurring brine waters. This report specifically considers the possible presence of precious metals in brine waters and other waste co-products that are generated during oil and gas production.

The detection methods described below are easily applied, chemically straightforward, inexpensive to use, and require essentially no hazardous chemicals. It is this author's opinion that the precious metal association as described is indicative of certain geochemical processes that are involved in the formation of oil and gas. Only a few samples from widespread locations of oil and gas production have been evaluated in this study. They all, however, have yielded qualitatively similar results suggesting the possibility of a much broader and more basic concept. The recovery procedures discussed here are currently part of a much broader Patent Pending status.

Sample Evaluation:

The water samples used for testing consisted of produced brine from oil and gas fields located in Oklahoma, New Mexico, and eastern China. They were taken from various stages of production, oil-water separation, and down-hole brine disposal. No attempt was made to preserve these samples other than their storage in newly purchased, clean, plastic 5-gallon water containers with lids. The bottom sediment samples evaluated in this study were exclusively from Chinese oil fields located southwest of Beijing. These samples consisted of particulates from gravity separated tank bottoms that were routinely dredged from large sludge pits, stacked in piles, and allowed to drain. Grab samples from these piles were in the order of 5 to 10 pounds and were stored in sealed plastic bags.

Initially, aliquots of each of the brine water samples were vacuum filtered using 0.5 micron membrane papers and the filtrate was analyzed for dissolved precious element content using mainly gravimetric procedures. No precious elements were detected in any of the filtrates that were analyzed. However, when the filter residue from these samples was observed using a 45X laboratory stereoscopic microscope, variable amounts of very small (in the order of 400 to 600 mesh) particles of metallic gold and silver were identified in all of the residue samples. Many of these precious metal particles were partially to totally coated with a thin layer of an asphaltene-like substance. Subsequent fire assaying and gravimetric analysis of these residues confirmed the microscopic gold and silver identification.

Brine Samples:

Following is a simple procedure for the recovery and identification of suspended particulate matter contained in unfiltered oil field brine water. It should be noted that even if the brine sample appears to be clean and without any apparent suspended particulate matter, very fine-grained suspended material may be present and recoverable using this procedure.

1. Using a clean 5-gallon container (plastic bucket) add a measured amount of the brine sample; 16 liters is suggested. If available, use a small laboratory agitator for mixing the brine water; if not stir manually.

2. Add 3 to 5 drops of Triton X-100 (a non-toxic, nonionic surfactant manufactured by Rohm & Haas). Maintain agitation for 30 minutes.

3. Continue agitation and add 75 grams of commercial filter-grade diatomaceous earth. Continue agitation for 30 minutes.

4. Cease agitation and let slurry settle for approximately 1 hour. Carefully decant and discard the supernate. For a visual identification of contained gold and silver and a possible indication of the presence of platinum-group elements it is suggested that the remaining residue from the decant be washed into a shallow gold pan. This residue may then be carefully pan concentrated and observed microscopically.

5. The residue (or pan concentrate) from the decant is placed in a beaker and while agitating the pH is lowered to approximately 4-5 with HCl. After a few minutes the pH is then raised to approximately 9 with VenMet (a reducing agent consisting of a dispersion of sodium borohydride in sodium hydroxide: use with care; manufactured by Rohm & Haas).

6. After the VenMet reaction has ceased (approximately 15 to 30 minutes), the reduced slurry is vacuum filtered and the washed filter residue dried at approximately 300 degrees C.

7. The dried residue may be assayed using conventional methods such as fire assay or ICP/AES.

The metallic gold values recovered from the various oil field brines tested in this study ranged from 0.7 mg/liter to 5.5 mg/liter. The metallic silver values likewise recovered ranged from 0.2 mg/liter to 8.2 mg/liter. These gold and silver values were determined by conventional fire assay methods. It is important to note that none of these brine samples gave negative test results for gold and silver. There were no observed consistent ratios of recovered gold to silver, however, it should be noted that the subject brine samples came from all aspects of brine production and disposal. No attempt was made at determining a material balance of suspended particulate matter from any producing well or field. The values recovered are only indicative of the general order of magnitude of abundance. It is strongly suspected that platinum-group elements were also present in the residue samples derived from at least some of the tested brines.

Bottom Sediment Samples:

The only bottom sediment samples evaluated in this study were from a complex of oil fields located southwest of Beijing, China. These samples were randomly taken from piles of bottom sediment that were formed from the dredging of settled particulates in large oil sludge pits. These pits were being filled with tank bottoms from large oil-water gravity separation units. The samples contained approximately 90 percent medium to coarse-grained silicates that were produced from the friable oil reservoir rocks. This oversized matrix material is easily removed from the much finer-grained precious metal particles by a combination of screening and pan concentration. This procedure exposes the approximately 400 to 600 mesh metallic gold and silver; some of which has no visible coating and some of which is coated with an asphaltene-like substance. Since larger amounts of material are conveniently available from these dredged samples, as compared to that recovered from brine water residues, the presence of numerous fine-grained, black to gray, metallic spheroids and pelletal material is more readily apparent. In the author's experience, these unique mineral forms and occurrence suggest the possible presence of platinum group metals.

In order to obtain a more representative estimate of the quantitative abundance of precious metals in bottom sediment material it is suggested that the same procedure used to evaluate the brine samples be also used to evaluate bottom sediment samples. Among other advantages, when using this procedure much of the oily substance can be removed from the sample. Depending on the composition of the sample, additional Triton X-100 and diatomaceous earth may have to be used.

As there was a sufficient amount of concentrate residue available from these bottom sediment samples for spectrographic determination, the panned concentrate from one of the bottom sediment samples was submitted for commercial ICP/AES analysis. The results were: Au = 0.229 Troy ounces per ton, Ag = 2.874 Troy ounces per ton, Pt = not detected, Pd = 0.024 Troy ounces per ton.

Conclusion:

It is the general purpose of this communication to both report the possibly ubiquitous presence of very fine-grained, metallic gold, silver, and at least some platinum-group elements, in produced oilfield waste products and to hopefully encourage others to confirm these observations. The potential theoretical and practical applications of the observations made in this study are enormous. Why hasn't this unusual precious metal occurrence been previously described? Apparently, the answer is, "We just didn't look!"








A. C. Johnson, Jr., PhD. http://www.acjohnson.us This website considers new and innovative concepts and procedures that pertain to mineral and oil and gas exploration and development.


Tuesday, October 12, 2010

Shopping For White Gold Bracelets in Comparison With Other White Metals


A lot of people are a bit undecided when it comes to buying white gold bracelets, and this is because the metal looks very close to silver, and compared to silver ones, these bracelets are of course more expensive. So how would you know if the piece you're buying is an authentic bracelet and not just a silver one with an overly inflated price tag? Here are some tips.


Look at the markings. Stores don't put the markings on the jewelry they're selling. The Craftsmen do that. If the bracelet is made from silver and not white gold, the markings on the lock would read "92.5" and "S.S". These stand for the grade of the silver and the words "sterling silver". On the other hand, if you're looking at an authentic piece, the lock should have the karat grade of the gold. This can be either 14k or 18k.
Look at the pricing. Naturally, a store wouldn't put an overly expensive price tag on a sterling silver bracelet unless it's set with valuable precious stone. If you're looking at a sterling silver piece, weigh it with your hand. If it's heavy and it costs $200, don't be too impressed yet. It's definitely a silver bracelet. Pricier silver bracelets are chunkier and heavier than other silver pieces. And if the piece of jewelry weighs that much and you expect it to be made from white gold, think again. It's bound to cost a lot more than that.
Look at the tint of the "whiteness". While both bracelets appear whitish gray, silver pieces have more gray in them, while pieces made from other materials are noticeably more radiant. These bracelets also won't tarnish even when you expose it to water or even as it ages. On the other hand, even the highest grade of silver will tarnish with age after a few months. You will have to purchase a cleaning cloth or powder to maintain its sheen.

While these bracelets are very valuable, other "white" metals are even more expensive. These include titanium and platinum. Most people prefer these two metals despite the bigger price tags.

Platinum bracelets, for example, are the only bracelets which can be acquired in their purest form. When you buy platinum bracelets, you can be sure that you're getting 100% platinum and not just an alloy. White gold is an alloy that's mixed with silver and another precious metal, which is why you can only get it in its impure form: either 14k or 18k. A piece that's 24k is going to be too soft. This is not an ideal grade for jewelry pieces.

Titanium, on the other hand, is the hardest precious metal on earth. It's more scratch and dent resistant compared to most other bracelets. However, because of the hardness of this metal, it's also not versatile when it comes to design. Titanium bracelets are great for men's jewelry, but not as impressive as women's bracelets.








To get more ideas about bracelets made from sterling silver and some other materials try visiting also Italian charm bracelet charms, where you will find this and a lot more tips to create your own Zoppini Italian charms bracelet.