Silver prices middle range created during the summer

Silver And Platinum May Hold The Key To Gold’s Path

Silver And Platinum May Hold The Key To Gold’s Path

BUZ INVESTORS Silver And Platinum  The precious metal is trading at $17.48 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close.

Silver

BUZ INVESTORS Silver And Platinum  The precious metal is trading at $17.48 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close. During the session, silver traded at a high of $17.54 per ounce and a low of $17.44 per ounce. In the New York session yesterday, silver fell 0.28% and closed at $17.52 per ounce. Immediate downside, the first support level is seen at $17.34 per ounce, while on the upside, the first resistance level is at $17.64 per ounce.



Silver And Platinum

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Silver decreased 0.06 USD/t. oz or 0.33% to 17.40 on Thursday April 27 from 17.46 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on April of 2017.

Silver And Platinum May Hold The Key To Gold’s Path

Gold 1266.65 2 -0.16 % -1.20% 1.15% -0.01% 09:10
Platinum 945.50 1.24 -0.13% -3.27% -0.16% -9.52% Apr/27

Silver and platinum signaled that gold was not going to break out to the upside.

Silver violates short-term support and needs to hold mid-March lows.

Platinum continues to shun $1000.

Platinum and silver are historically weak versus gold.

Watch these metals for clues about the precious metals sector.

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Commodities ( Gold ) ( Silver ) ( Lithium )

Gold 1266.30 2.35 -0.19 % -1.20% 1.15% -0.01% 09:20
Silver 17.43 0.03 -0.17 % -3.22% -4.02% -0.63% 09:20
Platinum 945.50 1.24 -0.13% -3.27% -0.16% -9.52% Apr/27
Palladium 805.58 2.42 -0.30% 0.70% 1.65% 29.72% Apr/27




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Harry Barr on Lithium projects and resurgence of interest of Platinum Metals

Harry Barr on Lithium projects and resurgence of interest of Platinum Metals

Buz Investors Platinum Metals Harry Barr, Chairman, CEO, and Director of New Age Metals Inc. (TSXV: NAM | OTCQB: PAWEF), in an interview with InvestorIntel’s CEO Tracy Weslosky

Buz Investors Platinum Metals Harry Barr, Chairman, CEO, and Director of New Age Metals Inc. (TSXV: NAM | OTCQB: PAWEF), in an interview with InvestorIntel’s CEO Tracy Weslosky discuss the company’s place in the precious metals market with respect to PGMs and lithium. At the moment, they have roughly 70.8 tonnes of PGMs with a focus on palladium first and platinum second. With the resurgence of platinum metals, the company has a competitive edge: they’re one of the few producers inside North America. On the lithium side, the company has five projects around Winnipeg, Canada, two of which will soon begin drilling, and two more that will follow suit in the coming months.



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Platinum Metals

Tracy Weslosky: Harry it’s wonderful to see you. I love the new company name, ‘New Age Metals’. Can you tell us, what was the incentive to change the name?

Harry Barr: We have two divisions Tracy and they’re both green energy metals so we thought ‘New Age Metals’ would better describe what we’re doing. One of them is platinum group metals and the other is lithium.

Tracy Weslosky: What I’d love to just share with our audience is Christopher Ecclestone called me recently and said, “Who is this New Age Metals and why didn’t you tell me about it?”… Let’s talk about PGMs first.

Harry Barr: We have the largest undeveloped deposit of its kind in platinum group metals, in Canada. We have 2.5 million ounces and a new discovery in the northern portion of the property. We’re quite excited about it.

Tracy Weslosky: I was reading a story about you called, “The New Age Dawn of Palladium”. They were talking about how platinum’s back on a tear. Can you tell me how New Age Metals is planning on capitalizing on this?

Harry Barr: Our project is primarily a PGM project. We’re palladium first, platinum second, gold third and we have some other metals as well. Palladium has done very well. I think it’s one of the best performing precious metals this year. It’s in the high $700 range. Platinum is just over $1,000. These are metals that are needed for auto catalysts for the car industry and green metals. So from everything I’ve read and everything the analysts are saying, there’s a tremendous demand going forward and probably a limited supply.

Tracy Weslosky: But your competitive advantage for New Age Metals is with your PGMs?

Harry Barr: We’re located in North America. Most PGMs come from South Africa and Russia


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Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market.

ML Capital Group Announces Platinum Highlife Tours as The First Luxury Tour Operator for The Global $6.7 Billon Cannabis Market

ML Capital Group Announces Platinum Highlife Tours as The First Luxury Tour Operator for The Global $6.7 Billon Cannabis Market

Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market.

Buz Investors Platinum Highlife Tours ML Capital Group (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market. Today’s announcement comes just 10 days after the Company announced a strategic acquisition to take a 25% interest in  Colorado Highlife Tours, with the option of acquiring an additional 24% percent stake in the Colorado-based cannabis tourism company.  MLCG also recently announced that the Company’s existing luxury tour operation and flagship brand, Platinum Tours of Maui, realized a 25% increase in first-quarter revenue over 2016, following on an equally impressive 29% increase from 2015 to 2016.

Platinum High Life Tours will serve the discerning cannabis tourist, with custom itineraries around the world, 5-star accommodations, fine-dining and more. The company will soon announce its first bespoke tour in Jamaica, which will include exclusive plantation tours and cannabis dining experiences in the global home of cannabis culture.

 




 

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Highlife Tours

MLCG is also developing and implementing custom technology products and services for Platinum High Life with the goal of creating a truly distinctive client experience.

MLCG $1 Million 2017 Sales Forecast

MLCG recently released a preliminary $1 million 2017 sales forecast based on the Company’s fourth quarter record sales and nearly $452,000 in historical annual revenue earned prior to its record fourth quarter sales. Given the existing revenue, the launch of Platinum High Life Tours, and ongoing business momentum that Colorado Highlife Tours brings to MLCG, the management anticipates revising the 2017 revenue forecast upwards after the close of the first fiscal quarter.

Currently the Cannabis industry is estimated to be over $6.7 Billion and sales are projected to exceed $20 billion by 2020


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Buz Investors Platinum Equity to Acquire Staples Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which

Platinum Equity to Acquire Staples’ Business in Australia and New Zealand

Platinum Equity to Acquire Staples’ Business in Australia and New Zealand

Buz Investors Platinum Equity to Acquire Staples Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which

Buz Investors Platinum Equity to Acquire Staples Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which Platinum Equity will acquire Staples’ business in Australia and New Zealand for an undisclosed sum. The transaction is expected to close in the second calendar quarter of 2017.




 

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Platinum Equity to Acquire Staples

 

@PlatinumEquity to acquire @staples business in Australia and New Zealand

Staples is a leading supplier of business products, services and solutions in Australia and New Zealand. The company serves a diverse variety of customers, ranging from small-and-medium businesses to large enterprises, including federal, state and territory levels of government in both countries.

“As we execute our plan for long-term growth we want to focus primarily on our Staples’ North American business, and this will allow us to better do that,” said Shira Goodman, Chief Executive Officer and President, Staples, Inc. “Working with Platinum, we believe the Australian and New Zealand businesses will be well positioned for the future, ultimately helping our customers and associates succeed.”

Platinum Equity is a leading global private equity firm with a highly specialized focus on business operations and more than 20 years’ experience acquiring and operating businesses that have been part of large corporate entities. Earlier today the firm announced the closing of Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund focused on acquiring businesses that can benefit from Platinum’s operational and financial resources.

Platinum Equity, which has portfolio company operations on all seven continents, has been actively pursuing investment opportunities in Australia and New Zealand and currently owns a majority stake in Sensis, an Australian directories business acquired from Telstra.

“The Staples business in Australia and New Zealand has extraordinary potential as a standalone enterprise,” said Adam Cooper, principal at Platinum Equity. “It has a strong customer base, dedicated employees and a long history in the markets it serves. We look forward to partnering with the management team to make substantial investments to optimize the company’s digital and systems capabilities with a focus on enhancing the customer experience.”

Following the transition to new ownership, the divested business will continue to operate under the Staples brand in Australia and New Zealand for a short period of time while a new corporate brand is created.

Morgan Stanley is acting as exclusive financial advisor to Staples. Corrs Chambers Westgarth is acting as legal advisor to Staples. Baker McKenzie is acting as legal advisor to Platinum Equity.

About Staples, Inc.
Staples helps business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $11 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 20 years Platinum Equity has completed more than 185 acquisitions.

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