Showing posts with label gold bugs index. Show all posts
Showing posts with label gold bugs index. Show all posts

Friday, October 16, 2009

Shock! IKN discovers an interesting gold bug


Thanks due to kind reader 'HP' for headsup (no, that's not him above).

This article in New Scientist points the way to the research done by a team of boffins led up by Australian Frank Reith. These dudes have identified a bacteria that does nothing less than extract gold from its environment. Here's how New Scientist puts it
".....Frank Reith of the University of Adelaide, South Australia, has found that dissolved gold is harmful to the bacterium Cupriavidus metallidurans, as it forms a toxic sulphur-containing compound when it is absorbed from the environment. This compound inhibits the bacterium's enzyme function, prompting the distressed microbe to activate a cluster of "gold detox" genes that produce enzymes able to convert the soluble gold compounds into harmless particles of metallic gold."
CONTINUES HERE.

This might sound a bit left-field, but if you do the right thing and check the original paper (IKN found it for you on this link right here, metalheads), there's a lot of solid science going on. As Frank&Co conclude
"The discovery of active microbially driven biomineralization may lead to the development of technical applications, such as biosensor- (34, 35) and for ore processing technology. Likely, the Au-specific genetic responses identified may lead to the development of Au-specific biosensor technology enabling in situ Au measurements that could revolutionize the exploration for Au deposits and improve efficiency in Au extraction and hydrometallurgical processes."

Clearly, these scientist dudettes and dudes have never heard of Jim Sinclair, otherwise they'd be holding the world to ransom by now. DYODD.

Monday, June 22, 2009

Aaaaahhh... BOHICA*

Are we having fun today, mineheads?

HUI down 5% this morning...oh yummy

Now here comes the strange thing; all I see all around the biznews outlets are the same headlined stories from Bloomie, AP and suchlike screaming about the World Bank dropping world GDP estimates from -1.7% to -2.9% in 2009.

"Stocks Fall on World Bank Forecast; Dollar, Yen Rise", says Bloomie

"US stock market declines as World Bank reduces 2009 forecast for global economy", says AP

But the World Bank announced this revision plenty time ago, as Yves Smith at Naked Capitalism correctly points out (before the G8 meeting, in fact). So what makes it move markets today, oh journalistic world? Smells veeery fishy to me.

*Bend Over Here It Comes Again