Barrick Gold Achieves Record Q3 Profit as Gold Prices Rise: Eldora Gold Resources News

Eldora Gold Resources Canada News - Barrick Gold (NYSE:ABX), the world's largest producer of the yellow metal, posted a record profit for the third quarter, as lower-than-expected cash costs and higher gold prices boosted overall production.

During the period, the company recorded net income of $837 million, or $0.85 per share, from a loss of $5.4 billion, or $6.07 per share, in the year-ago quarter, when the company had $5.7 billion in charges related to the elimination of its gold hedging program.

Adjusted for one-time items, profits rose 75% to $829 million in the third quarter, or $0.84 per share, beating analyst expectations of $0.76 earnings per share.

Sales also jumped 40% to $2.8 billion in the period, compared to $2.0 billion a year earlier.

Eldora Gold Resources Canada News - Barrick said that its better-than-expected results were primarily a result of the company's third quarter gold production of 2.06 million ounces, ahead of target on account of lower total cash costs of $454 per ounce, and strong performance at its new Cortez Hills mine in the North American region.

In a statement, the company said its cash margins have reaped the benefits of rising gold prices and lower cash costs, increasing 52% to $783 per ounce. The realized gold price for the quarter was $1,237 per ounce, 27% higher than the prior year period.

Full year gold production is on track, Barrick added, expecting between 7.65 to 7.85 million ounces of gold at total cash costs of about $455 per ounce. It also anticipates producing about 360 million pounds of copper at total cash costs of $1.10-$1.15 per pound, in line with the original guidance.

Eldora Gold Resources Canada News - The giant gold producer expects that its Pueblo Viejo project in the Dominican Republic will begin initial production in the fourth quarter of 2011, while its Pascua-Lama property on the border of Chile and Argentina is on track to enter production in the first quarter of 2013. The company is targeting growth in gold production to 9.0 million ounces annually within five years once both these project come onstream, it said.

Based on the third quarter results, Barrick announced that its board has authorized a 20% increase in fourth quarter dividends to $0.12 per share. At quarter-end, the company had a whopping $4.3 billion in cash and $1.5 billion in undrawn credit, with $3.1 billion in net debt.

Barrick, from its properties across North and South America, Africa and the Australia Pacific regions, has gold reserves of 139.8 million ounces, plus measured and indicated gold resources of 61.8 million ounces and inferred gold resources of 31.6 million ounces.

Eldora Gold Resources Canada News - The company's closing price yesterday was $46.94, up from its 52-week low of $36.01.

Disclosure: No position. About the author: Proactive Investor . Proactiveinvestors is a group of financial websites producing news, comment and analysis, and interviews covering a wide range of subjects across North America, Europe, Asia and Australia.  

Using Gold to Monitor Market's Reaction to QE2: Eldora Gold Resources News

Eldora Gold Resources Canada News- a Wall Street Journal article today on quantitative easing (QE) hints the Fed will take a middle of the road approach in terms of the size and duration of QE2. As we would expect, the stock and commodity markets’ initial reaction is negative. A middle of the road approach to QE seems counter intuitive to the Fed’s own historical analysis of why quantitative easing was ineffective in Japan. In CCM’s July 2010 review of James Bullard’s Seven Faces of “The Peril,” our read between the lines interpretation of Bullard’s take on QE included:

In order for quantitative easing to sufficiently increase future inflation expectations, market participants must believe the Fed will do “whatever it takes for as long as necessary” to obtain the objective of sufficiently positive inflation. This means the Fed must be willing to leave balance sheet expansion in place for as long as necessary to create expectations of higher future inflation by market participants (consumers, investors, companies, etc.). This reminds us of past “bazooka-like” policy moves, where policymakers would say, “You think we can’t create positive inflation? Just watch.

Eldora Gold Resources Canada News- The key to next week’s Fed statement on quantitative easing will be how they address the concept of “whatever it takes for as long as necessary.” We can use gold and the US dollar to monitor the market’s reaction to QE2 and the stock market. On October 11th in U.S. Dollar Could Rally In Coming Weeks, we hypothesized QE2 could be a “buy the rumour, sell the news event” relative to risk assets. Since October 11th, the dollar index has moved from 77.18 as high as 78.36; a move above 78.36 would increase the odds of the US dollar having a multi-week countertrend rally.

On October 13th with the S&P trading at 1,169, we listed 1,196 as a possible short-term upside target. The S&P 500’s intraday high on October 25th was 1,196, which means we have entered a zone where the odds of a short-to-intermediate-term reversal have increased (emphasis on odds). Stock market breadth on October 26th was weak, adding to the list of concerns over the next few days.

Eldora Gold Resources Canada News- We recently mentioned some yellow flags in the gold market. Thus far, gold is holding up well enough that a push to new highs still could be in the cards. From a short-term bearish perspective, a break of the thin blue trend line below would increase our concerns about a correction in gold. The long-term fundamentals for gold remain sound.

As we monitor gold, QE and the dollar, we must also consider the possible impact on "weak dollar assets" such as gold, silver, copper, oil, agricultural commodities, Australian dollar, Canadian dollar, and emerging markets.

Video: What Is Quantitative Easing?

Eldora Gold Resources Canada News- In parts three of our six part series on quantitative easing, we examine Fed statements, writings, and publications related to the objectives of, and rationale behind, QE2. The analysis of some key Fed commentary on quantitative easing allows us to better understand the Fed’s perspective relative to QE’s possible impact on the financial markets, investing, the economy, interest rates, asset prices, and the wealth effect. Today’s quantitative easing video also touches on the following:

• Duration of QE program
• Consumption
• Investment
• Ben Bernanke’s “printing press” speech
• US dollar devaluation
• Fiat / paper money system
• Spending
• Inflation
• Dividend-paying securities (video link below)

Disclosure: Author long GLD, UDN, SLV, JJC, DBA, FXA and EEM

About the author: Chris Ciovacco. Chris began his investment career with Morgan Stanley in Atlanta in 1994. With a focus on global macro investing, Chris uses both fundamental and technical analysis to assist in managing risk while looking for growth opportunities around the world in all asset classes.

Eldora Gold News: Potterton Gold Combi Boiler 24 HE remains a UK Best Buy

Potterton Gold Combi 24 HE is deemed a Best Buy by the top consumer resources magazine Which? for four years in a row. It garnered five-star ratings for easy installation, uncomplicated use, features and NOx emissions, with an total score of 74%.

According to the report, it is very efficient, with hot water output and highly durable. A Which? expert called the boiler “remarkably easy to service with lots of room to work inside the boiler”.
 “We are glad with the current recognition this great boiler is receiving. The Potterton Gold Combi HE is created from high quality components and go through thorough quality tests to make sure that it meets our challenging standards of reliability,” said Paul Haynes, Head of Potterton Product Management.
 “It comes with a pre-plumbing jig, a filling loop fitted as regular and extensive flue options for flexibility of sitting to make the installation simple.”
Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, along with a dedicated 28kW LPG model.
For homeowners, a boiler’s superb energy efficiency translates into lower gas bills and reduced carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended merchandise. A timer is included and the controls are very easy to use. Also, there is a digital display and bright neon lights that shows the boiler’s current operational status. The instructions are also inside the cover of the controls, which is very convenient.

About Potterton

Potterton is a well-known British company with reputable credentials. As a matter of fact, we have a track record dating back for around 150 years, which makes us a trusted name.
Potterton history. For more than 150 years, the Pottertion brand has been committed in providing high quality and unrivalled service in the design and production of boilers. Actually, Potterton has made more than 5 million boilers over the years.

We have brand values in place that are included in the Potterton ethos.

User-friendly. Whether it is for installers, specifiers or customers, we work out problems. Thus, our boilers are easy to fit and easy to use daily.

Reliability. Our name is almost synonymous to reliability which makes it the top reason to purchase Potterton. It applies to all our products, service and staff. In short, Potterton is all about dependability.

Trust. We strive to make it known to everyone that they can depend on us and on our products. We do not make false claims or promises.

Customer-focused. We create products that are essential to people. Our customers are always top priority and our products are too important to work any other way.

Relaxed. We do not create needless fuss for we are decent people to do business with. So whatever you require, you can count on us to listen with an open mind.

Mainstream. We are not niche; we are for everyone. Our services and boilers are intended to meet the needs of just about everyone out there.

Eldora Gold Resources News - Willow Creek Signs LOI to Acquire Historic Gold Property in Prestigious Walker Lane, Nevada

Eldora Gold Resources Canada News-Willow Creek Enterprises Inc. (OTCBB: WLOC) ("The Company," "Willow Creek") Willow Creek is pleased to announce that it has signed a Letter of Intent to acquire the Hercules property from Minquest, which is located in the prestigious Walker Lane Mineral Belt in Nevada, USA.

The historic Walker Lane Mineral Belt, western Nevada, is a highly mineralized trend that contains several world-class epithermal precious metals deposits, such as: the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), Round Mountain (Barrick / Kinross)(over 10 million ounces of gold produced since 1906), Rawhide, Aurora, Goldfield mines, as well as porphyry copper deposits: Yerington (1.75 billion pounds of copper produced from 1953-1978 by Anaconda Copper Company),

Eldora Gold Resources Canada News - The Hercules property gives Willow Creek (OTCBB: WLOC) access to one of the most prolific mining areas in the world. According to a report made by Global Geological Consultants (GGC)* in 2003, The Hercules prospect has direct analogies to the historic Comstock Lode deposit, which is located less than 10 miles to the north. While the Comstock Lode produced approximately $670,000,000 worth of gold and silver from 1860 to 1880, the Hercules Mine, located on the "Hercules" property, is estimated to have produced 5,000 oz of gold and 20,000 oz of silver during early, turn-of-the-century mining efforts. In more recent years, modern exploration has been conducted on the property by companies such as Pioneer Mining Corporation, Phelps Dodge Corporation, and Horizon Gold. The GGC* report further states that the potential for the discovery of thicker, mineralized veins within the Hercules is very good, and that recommended drill tests could identify a deep-seated mineralized deposit for which the Walker Belt is known. Further support for exploration of the Hercules was given by Joseph Tingley** in an annual compilation of major precious metal deposits in Nevada, where he noted a resource for the Hercules deposit of approximately 260,000 oz of gold and 1,950,000 oz of silver.

"The company believes the Hercules property contains one of the most significant untested Comstock-type vein systems in the Western United States. With gold prices hovering well over $1,300.00 an ounce, and silver prices steadily climbing, the Hercules property offers a tremendous opportunity to our shareholders as we move forward," stated Terry Fields, President Willow Creek.

Eldora Gold Resources Canada News - Management believes that in addition to its proximity to other major discoveries, the Hercules' physical location makes it an ideal property for exploration and development. Existing infrastructure, including manpower and accessibility for the Hercules property, is supported by the nearby city centers of Reno and Carson City. State highways and paved roads provide easy access, while moderate temperatures allow for year-round physical work on the property. As we approach the colder months, this physical attribute will allow us to continue our work as many others are forced to shut down their operations until the spring.

Political support for the mining industry enjoyed by the state of Nevada was another determining factor for management when selecting the Hercules property. Favorable laws, positive safety regulations, and the lack of political unrest seen in many other parts of the world are among the main reasons that Nevada's gold production accounted for more than 79% of total U.S. production and 7.2% of the world's gold production in 2009 (Economic Overview of Nevada's Mineral Industry report; Nevada Mining Association). Nevada State Geologist and Director of the Nevada Bureau of Mines and Geology Jonathan Price recently stated that Nevada is still in its biggest mining boom, one that produced more than 200 million ounces of gold in Nevada from 1981 to last year. With the addition of the Hercules prospect to our portfolio of properties, Willow Creek (OTCBB: WLOC) hopes to contribute to Nevada's production numbers in the years to come.

* Summary Report and Exploration Proposal on the Hercules Gold Prospect. Lyon Nevada, published January 24, 2003 by Geoffrey Goodall, P. Geo

** Nevada Bureau of Mines and Geology - Special Publication MI-2005

Eldora Gold Resources Canada News - This news release contains "forward-looking statements", as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan" or "expect" or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with natural resource exploration and development and needs for funding as well as the risks shown in the company's most recent annual report on form 10-k and on form 10-q and from time-to-time in other publicly available information regarding the company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company's ability and level of support for its exploration and development activities. There can be no assurance that the company's development efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission.

This news release has been prepared by management of the company who takes full responsibility for its contents. Finra, the sec and the OTCBB neither approves nor disapproves the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor there would any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 

Eldora Gold Resources News - Correction in Precious Metals Likely to Set Stage for Further Run Ups

 

Eldora Gold Resources Canada News - China is the world’s largest producer of gold, but it has plenty of other precious metals and rare minerals as well. Some in the world are already worried about so much power concentrated in one place.

A Bloomberg Report this week stated that silver exports from China, one of the world's largest, may drop about 40 percent this year as domestic demand from industry and investors climbs. China is the third-largest producer after Peru and Mexico. It is expected that reduced exports will boost prices. Industrial applications for silver, including electrical conductors and batteries, represent about half global demand. Silver has rallied 44 percent this year, outperforming gold and copper.

Eldora Gold Resources Canada News - In addition, China, which has been blocking shipments of crucial minerals to Japan for the last month, has also halted some shipments to the United States and Europe. These rare earth minerals are crucial to manufacturing many advanced products such as radar, cell phones, high-powered magnets and mini-hard drives in laptop computers. China’s control of them and its willingness to flex its economic muscles seem certain to further intensify trade and currency tensions. The bad news is China mines 95 percent of the world’s rare earth elements. If restriction on exports of these minerals continues, it could force multinational companies to produce more of their high-technology goods in China.

Speaking of mining, let's take a look at the long-term XAU chart. The XAU (gold and silver stocks index) Index failed to break into new highs - as visible on the very-long-term chart above. Although we see it presently at a declining support level, we don't expect this level to hold given declining gold, silver and stock prices.

Eldora Gold Resources Canada News - Support levels such as the lower border of the trading channel, previous local tops, and multi-year support levels are also in play. The declining, short-term trend line has been broken recently most likely due to the USD Index rally. The area around the 170 level appears to be the probable bottom for the current decline.

In a recent Market Alert sent to our Subscribers, we discussed the possibility for Traders to bet on lower prices using options. Lower prices in mining stocks may be the way to go due to their lower volatility. Their close trading range has caused a decline in option premiums.

Eldora Gold Resources Canada News - In the research section of Sunshine Profits website, Predicting and Taking Advantage of Corrections in Gold is an essay, which is perfect for our current situation. Options traders should be sure not to miss this instructive piece.

Summing up, it is likely that mining stocks will eventually rally but we will probably first see a corrective period. Lower prices are likely to be seen in the short-run with a rally to follow perhaps before the end of the year.

Disclosure: No positions

About the author: Przemyslaw Radomski. Przemyslaw Radomski is the founder, owner and the main editor of SunshineProfits.com. Being passionately curious about the market’s behaviour he uses his statistical and financial background to question the common views and profit on the misconceptions.

Eldora Resources - Buying and Selling Gold: Avoid Cash for Gold Scam Adverts

Eldora Gold Resources on Buying and Selling gold - If intending to buy or sell gold, then consider the need to analyse carefully cash for gold type adverts before selling gold to such a buyer.

It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

The recent economic downturn has seen a plethora of TV adverts offering to buy gold for cash, the web has also seen a boom in the number of online gold traders in recent years. In many cases however, such TV commercials and online gold traders may only offer a fraction of the value of items, as well as poorer service levels than may be obtained from a reputable gold dealer or jewellery store.

Buying and Selling Gold: The Fair Value of Gold

Those offering a cash for gold service will usually be solely interested in the scrap value of the gold. As such, the fair value of the gold in this case should be assessed on the basis of weight and purity. In order to assess the value of a gold item, one must ascertain the weight of gold in an item. This is done by multiplying the weight of the gold in troy ounces by the purity of the gold.
For instance, two troy ounces of 12 carat gold, which is gold with a purity of 50 percent, would be valued as one troy ounce of pure gold. The value can then be obtained by simply finding the spot rate of gold on the day of valuation, which is quoted in troy ounces.

his however, is only the scrap value of gold. Most forms of gold have an added value through its inclusion in jewellery or as an item, such as a watch. This however, adds no value to the item for the scrap gold trader. If such an item is to be sold, then a much better value is obtainable from a specialist dealer in jewellery or from an auction.

Buying and Selling Gold: Common Scams and Problems

Many cash for gold adverts claim to offer “best prices paid”, in many cases this statement will simply be false. Such a claim can easily be verified by simply finding the spot rate of gold and comparing this to the rate offered by the potential buyer. Whilst it is unrealistic to expect to achieve the spot rate, a traders premium should not be excessive.
Cash for gold adverts often offer a free valuation with the prospect of returning one’s goods, if the offer is not accepted. However, one should check the terms and conditions to ensure that there are no hidden fees. Common hidden fees include charges for postage and packing or so called release fees to return one’s valuables.

Another area to consider is the treatment of an object. This is a special consideration, where items such as watches or jewellery are concerned, there is always a danger that sending away one’s valuables will result in damage to the item, should a return be required.
Finally, even where a scrap gold trader offers a fair price for the gold, in addition to acceptable terms and conditions, consider that one will not receive any value for the artistic or collectible value of a piece sold.

Eldora Resources - How to Avoid Scams when Buying Gold and Silver Coins

 Know Your Dealer, Resist Deals Too Good to Be True and Avoid Collectable Coins

It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

With the rise of gold and silver coins as a hedge against inflation, more people are looking to add precious metals to their savings. However, there are many scam artist ready to take advantage of new buyers. Here's how to protect yourself.

Avoid collectable coins
When you start to buy gold and silver coins, some disreputable dealers will try to sell you collectable gold and silver coins. Usually, these coins cost 50% to 100% over spot. If you are interested in buying silver and gold coins as an investment, then you shouldn't bother with collector coins. And you should not be paying more than 30% over spot price, per ounce.

Avoid people who offer "too good to be true" deals on gold and silver
There is no such thing as a deal when it comes to gold and silver coins. You can not buy a gold nor silver coin for just spot price. And you certainly can not buy a silver or gold coin for under spot price. Anyone who tries to sell you a gold or silver coin for close to spot price is trying to rip you off. Avoid them.

Avoid buying coins on eBay if you are not an expert on detecting fake coins
eBay has many reputable dealers. However, there are many fraud coins on eBay. You are better off avoiding this market. If the gold and silver market becomes overheated, you may find that many dealers will be out of coins. And that the only place that you may find gold or silver coins will be on eBay. Your best move is to simply wait until the coins come back into stock at a reputable dealer. If you end up buying a fake coin on eBay, or get stiffed, you will have a hard time getting your money back.

Stick to U.S. Liberty Eagle Gold and Silver coins if you are new at buying gold and silver coins

There are many fraud gold and silver coins out there. The majority of fake gold and silver coins come from Asia. You can reduce your chance of buying a fake coin by sticking to U.S. Liberty Eagle Gold and Silver coins. Why? Because these are the only coins minted by the United States. And counterfeit gold and silver Liberty coins are investigated by the Secret Service. That makes it more advantageous for criminals to stick to faking non-US gold and silver coins. Yes, you will pay a little more for U.S. Liberty Eagle gold and silver coins, but it will be worth it.

Avoid buying coins at pawn shops if you are not a powerful negotiator
Pawn shop dealers are masters at buying low and selling high. If you are a new gold and silver buyer and you walk into a pawn shop, you will be like a sheep walking into a den of wolves. You are better off to sticking to large gold and silver dealers who have a set above spot price on their coins.

There are many great places where you can safely buy gold and silver coins. My two recommendations are APMEX and Apmex.com and bulliondirect.com. Both companies have been around for over a decade and have a long track record with many long term gold and silver buyers and sellers. With the right kind of research, you will be able to find the best dealer for you to buy and sell gold and silver coins.

Eldora Gold Resources News-Gold's Insurance Cost Index Explained

Eldora Gold Resources News-By Brad Zigler. We've expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and — gulp! — Life insurance contracts.

And just like other insurance markets, option prices are determined in part by the issuers' perception of risk. When the odds of a payout increase — because of increased fire hazards, a poor driving record, disease or wobbly asset values — the cost of protection rises.

For years now, professional traders have gauged risk in the investment market by metering the volatility assumptions embedded in option prices. The Volatility Index (VIX) measures the expected variance in the stock market over the ensuing 30 days by extracting the implied volatility of near-term options on the SPDR Depository Receipts (SPY).

Eldora Gold Resources News-More recently, the VIX concept has been translated to the oil and gold market. The CBOE Gold Volatility Index (GVZ) has been tracking risk expectations in the gold market by distilling the "IV" ("implied volatility") SPDR Gold Shares Trust (GLD) options for the past couple of years.

Presently, GVZ pegs the annualized volatility of the gold market at 20 percent. Is that high or low? Well, it's certainly higher than it was. Last month, anyway. Back in September, when gold was reaching new nominal highs, GLD volatility dipped as low as 16.7 percent.

The implication? Back then, option traders were pricing contracts with the expectation that gold prices proxied by GLD would likely vary — up or down — 1.4 percent (16.7 percent divided by 12 months) over a 30-day period.

When GVZ — aka volatility — is high, writing (selling) naked options and credit spreads are more likely to make money. When GVZ is low, debit spreads and naked option purchases are favored.

Relatively speaking, buying GLD options would have been the play in mid-September. If you were exceptionally prescient, you would have bought calls for a month-long, $130-an-ounce ride up Bullion Mountain.

GVZ peaked at 22.6 percent — along with gold prices — on Oct. 14. GVZ then signalled a heightened risk of change in gold's price trend. Now GVZ's falling along with gold prices, indicating certain market complacency with the trend.

The Gold Insurance Cost Index measures the risk of price trend changes as well and, as you can see from the chart below, pretty much tracks alongside GVZ. The insurance index is derived by comparing GLD option premiums to SPY contract costs. Each day, puts with at least eight weeks ‘til expiration and each 10 percent out of the money are rationed: the GLD put premium in the numerator and the SPY premium down below. The daily change in the resulting percentage is then indexed to a base level. In the chart below, the starting date is arbitrarily set as July 23.

Eldora Gold Resources News - The essential difference between the two metrics is volatility itself. The insurance index is more sensitive and generally renders its peak and trough signals a day or two sooner than GVZ. Time can be a great advantage to a trader — or a hedging investor — giving insurance index followers a bit of a jump on GVZ watchers.

Of course, tracking GVZ is easy. No calculation is required. Its value can be pulled up in real time along with any other market quote.

Which indicator you choose to follow is purely a matter of personal preference. Disclosure: No position

About the author: Hard Assets Investor  Hardassetsinvestor.com (http://hardassetsinvestor.com/) is a Van Eck Associates-sponsored, research oriented Web site devoted to sharing ideas about hard assets investing.

Heateam Awarded Field Service Award - Eldora Gold Boiler Reports

We are pleased to publicize that heateam, the assistance department of BDR Thermea, has received the Field Service category of the National Customer Service Awards 2010. Get the most recent boiler technologies from Potterton. Prevent getting scammed, fraud and gotten into speeches of boiler room, on the internet (blank) warning, promoting fake heatem, boilers. Maintain up-to-date on most current engineering information from Eldora Announcement Resources on the internet classifieds.

Heateam overcome other finalists Royal Mail, Thames Water and Rentokil to get the actual prestigious accolade, following a demonstration to the judges to demonstrate how we provide customer service, instruction as well as high quality with enthusiasm, professionalism and passion.

The judges mentioned: "We were fascinated with the emphasis on working together from this entry and how each individual is encouraged to take responsibility with regard to customer service. The result is improved effectiveness for the company and a much better expertise for the client, which is exactly what this award is about. A deserving winner.”

The achievement was announced during the award ceremony in London on 7 December, hosted by comedian Kevin Bridges.  The trophy was presented to John Orris, Field Service Manager, South region.

Lee Robinson, Customer Service Director, said: "Our field service engineers work tirelessly to keep our customers warm and happy.  During a typical day they could be carrying out a routine boiler service, carrying out repairs, working with an installer or contractor to explain our products or just showing the householder how to get the best out of their system.

"They often call when the householder is distressed or even angry, and always endeavour to leave them happy and comfortable.  The recent weather conditions have been very difficult for everyone in the heating industry, and our engineers have been affected by the snow and ice like everyone else.  However, they have pulled together, and worked long hours in difficult conditions, to try and get to people as soon as possible.

"I am extremely proud to add this award to our recent service centre success, where we were ranked seventh in the 2010 Top 50 Call Centres for Customer Service. 

"I would like to thank everyone in heateam for their dedication and hard work in making us the best service provider in the heating industry,” adds Lee.

heateam, BDR Thermea's in-house service division has a national network of over 280 highly skilled Gas Safe registered field service engineers,  They provide service and support for all Baxi, Potterton, Main and Remeha domestic boilers, Heatrae Sadia and Santon hot water products and Valor fires. The Warwick-based service centre is open 363 days a year.

For more information visit the heateam website or call 0844 335 2266.

Eldora News - Baxi Group welcomes Welsh Boiler scrappage announcement – Eldora Gold Boiler News

Eldora Gold Boiler News  - Baxi Group welcomes the announcement that Wales is to benefit from a boiler scrappage room scheme similar to that which has been running in England since 5 January 2010.  However, only people over the age of 60 will qualify for £500 towards the cost of a replacing an old, G rated boiler under the £2.5 million scheme.

Mark Kelly, CEO of Baxi Group UK and Ireland, said: "We are very pleased that another of the devolved countries has committed to helping people replace their old, inefficient boilers.  The Welsh scheme will be targeting over 60s, who they consider to be more vulnerable to fuel poverty.
"The scheme will help to cut fuel bills by around £235, as well as significantly reducing household carbon emissions.  And homes in off mains gas areas will have the opportunity to replace G rated boilers replaced with new, high efficiency, A rated LPG boilers or low carbon technologies such as biomass boilers.”   
The scheme will come into force on 1 April this year and the £2.5 million has been allocated for 2010/11.  In addition, £1.4 million will be invested in the Welsh Home Energy Efficiency Scheme, to help tackle fuel poverty in households by improving heating and insulation.
About Potterton Products
As one of the heating industry's leading innovators, Potterton has all the answers when it comes to high efficiency heating.  The Potterton Gold Combi HE A, for instance, boasts a two year parts and labour warranty, integral clock and a choice of flue systems for total freedom of boiler siting.
Potterton has a wide range of boilers that operate on natural gas or LPG.  The Potterton gas boiler range includes the Potterton Gold Combi 24HE, awarded a Best Buy by Which? magazine.
Global warming and climate change are issues that Potterton is actively working to combat.  In line with increasingly tough environmental standards, we are developing products like our Solar range to minimise the impact on the environment.
By replacing a boiler that is over 10 years old, you could save on your heating bills and reduce your impact on the environment.

Potterton Gold Combi Boiler 24 HE UK's Best Buys by Eldora Gold News

Top consumer information publication Which? has ranked the Potterton Gold Combi 24 HE a Best Buy for an unmatched 4th year running.  It acquired 5-star scores for simplicity of use, easy installation, characteristics and NOx emissions, and an overall score of 74 per cent.

The record recognized its effectiveness, hot water output and durability.  According to the Which? specialist,  the boiler is "remarkably simple to service with plenty of room to work inside the boiler”.

Paul Haynes, Head of Potterton Product Management, said: "We are delighted with the ongoing recognition of this great boiler.  The Potterton Gold Combi HE is made from high quality components and undergoes rigorous quality testing to ensure it meets our demanding standards of reliability.

"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”

The Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, with a dedicated 28kW LPG model.

For the householder, the boiler's excellent energy efficiency means reduced gas bills and a reduction in carbon emissions.  The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products.  The controls are easy to use and a timer is included.  There's also a digital display and bright neon lights to show the boiler's current operational status. Handily the instructions are also inside the controls cover.

About Potterton

Potterton is a known British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted name.

Potterton history. For over 150 years the Potterton brand has stood for high quality and unrivalled service in the design and manufacture of boilers.  In fact, over the years Potterton has built more than 5 million boilers.

We have a set of brand values that are part of the Potterton ethos.

Reliability. We have made our name synonymous with reliability.  It is the number one reason to buy Potterton.  It applies to our products, our service and our people.  Potterton is all about reliability.

Trust. We want everyone to know they can trust us and our products.  We don't make false promises or claims.

Mainstream. We are not niche.  We are for everyone.  Our boilers and services are designed to meet the needs of just about everyone out there.

User-friendly. Whether it is for customers, installers or specifiers, we solve problems.  So our boilers are easy to fit and easy to use every day.

Relaxed. We're decent people to work with.  We don't make an unnecessary fuss.  So whatever the requirement, people know they can approach us and we'll listen with an open mind.

Customer-focussed. We make products that are important to people.  That generate essential heat and hot water.  Therefore, we have to put customers first.  Our products are too important to work any other way.

Benefits of Public Bank Gold Investment– Eldora

It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

Gold stock investments are often included in the portfolio of investment companies which specialize in gold and other precious metals. Because the gold investment companies are simply the managers and investment advisors for the pooled funds of the investors, each investor will share in any gains seen in their share of the portfolio. For some investors using a gold investment company makes great financial sense, while other investors should steer clear of these choices.

A public bank gold investment offers many benefits that are attractive to a wide range of investors, although these options may also have some disadvantages as well, depending on the public bank chosen. This is a great way to invest in gold bullionwithout having to turn your home into Fort Knox or pay excessive storage fees. The bank stores the gold for you, in the amount equal to the value of your gold bullion securities account.
When you choose a public bank gold investment then quality is another benefit. You are assured that only investment quality gold is used to secure your account, such as PAMP Suisse gold bullion and other well known types. This is important because the gold is a guarantee of your capital, and if low quality metal is used then the value of the metal may be significantly less than what is shown on paper.
If you are going to open a public bank gold investment account, you have the choice of two types, allocated or unallocated. Allocated is the better choice for almost every investor, because these accounts offer more benefits. The amount of gold equal to your account balance is specifically allocated to you, and can not be used for any other purpose. Credit Suisse gold bullion or another top quality and name gold product is usually used with these investments, and you can take possession of the bullion at will.
If you are thinking about a public bank gold investment, there are several benefits. These accounts allow you to buy gold conveniently, without worrying about security or storage. Many investors prefer these accounts, and consider them the best gold investment possible. Some investors avoid a public bank gold investment account though, preferring to hold the metal personally. These investments can be a fantastic choice for many investors, but they are not right for everyone or every situation.