Haywood's Heritage Moment: Rockets As aircraft design evolved from early wood and fabric to sophisticated engineered materials… different metal alloys using aluminum and titanium were developed to provide strength, light weight, high-temperature stability, and corrosion resistance to aircraft. Source: Chemgeneration.com


Haywood's Heritage Moment: Rockets
As aircraft design evolved from early wood and fabric to sophisticated engineered materials… different metal alloys using aluminum and titanium were developed to provide strength, light weight, high-temperature stability, and corrosion resistance to aircraft. Source: Chemgeneration.com

India Relax Gold Import Restrictions While China Considers Similar Policy

There was good news for gold this week, with the Indian government surprisingly removing restrictions on gold imports which required 20% of all gold imports to be exported before any new shipments could be brought in. Given speculation that the government may tighten import rules, the news came as a surprise. A similar plan has also been proposed in China, where Chinese regulators are reportedly pushing to develop the country’s gold trade and attract foreign investors by opening up gold imports to qualified miners and banks affiliated with the Shanghai Gold Exchange. Finally, a Swiss referendum voted against its central bank being forced to hold one-fifth of its assets in gold. This week, the price of gold rocketed to almost $1,220 per ounce on Monday before stabilizing at $1,192 per ounce Friday. Silver and platinum rose over 5% and 1.8% during the week ending at $16.30 per ounce and $1,224 per ounce respectively, while a slight drop in palladium (↓0.8%) to $803 per ounce closed out the precious metals for the week. The base metals were up, with copper (↑0.8%), nickel (↑0.8%), lead (↑0.8%) and zinc (↑0.8%) finishing at $2.91, $7.59, $0.92 and $1.01 per pound respectively. Oil continued its downward slide, with the WTI closing at US$66 per barrel, while uranium fell below the $40 per pound mark, finishing at $38.06 per pound.

Here's an overview of what's in the Dig this week:

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Click here for the full report.

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[Elon Musk, Space-X photo source]