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NPA Weekly NewsBrief
Sept. 8, 2009  
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Gold Trades Near $1,000, Heading for Best Week Since April
from Bloomberg
Gold traded near $1,000 and was set for its strongest weekly rally since April after the price broke through a technically important level, luring investors. Gold was at $989.68 an ounce, close to a six-month high, after climbing 3.6 percent last week. Silver traded near a 13-month high and was poised for its biggest weekly gain since May. Silver has advanced 41 percent this year compared with gold’s 12 percent. More



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San Diego's Luxury Pawnbroker Reports Rise in Large Cash Loans
from PR-USA.net
San Diego Jewelry Buyers, the luxury pawnbroker of San Diego County, has reported a steady increase in immediate cash loans on luxury collateral, such as fine jewelry, gold coins, rare timepieces, and large carat diamonds. According to Carl Blackburn, president of San Diego Jewelry Buyers, the rise in its large instant cash loans is due to a combination of factors: the privacy the company ensures its clients; the fact that no credit check is required; continued lending restrictions among banks; and the ability his company has to offer significant cash loans on the spot. More

Pawnshop Proposed for Tinley Park, Ill
from Southtown Star
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Cash America Bullish Technical Alert - Trend Up 84.8 Percent
from Trading Markets
Cash America is currently above its 50-day moving average of $25.75 and above its 200-day moving average of $22.17. More

Attempted Robber Shot by Pawnshop Employee
from The Atlanta Journal-Constitution
An 18-year-old man wearing a mask and carrying a sawed-off shotgun entered a south Fulton County, Ga., pawn store. But an employee at the pawnshop grabbed a gun and fired first, according to police. More

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Pawnshop Business Booming
from Fort Smith Times Record
Facing a limping economy and continuing layoffs, more Fort Smith, Ark., residents are trying to make money with trips to pawnshops. To help replace lost wages, many are either loaning or selling their possessions to pawnshops, even parting with items of sentimental value to tide them over. More

Cash4Gold Provides Cash for the Golden State
from Reuters
Cash4Gold announced that it was donating $15,000 to the Red Cross to assist with relief efforts surrounding the wildfires currently raging in California. "Some of our top executives recently moved from California and their families are still living there, so the difficult situation in the golden state really hits close to home," said Cash4Gold CEO Jeff Aronson. More

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Pawning By the Rules
from Omaha World-Herald
Pawnbrokers stress that their business is tightly regulated. They must maintain a current city license. Customers must be 18 or older to buy, sell or pawn, among other things. More

Pawnbroker H&T Boosts Financing as Profits Rise
from Reuters
U.K. pawnbroker H&T Group said it secured an enlarged four-year debt facility as it posted a 30 percent rise in half-year profits, driven by gold purchasing margins and "robust" retail sales. More

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Pawn Firm Goes Online After Recent Success
from nebusiness.co.uk
A pawnbroking company believes it can more than double its number of stores to 100 and create 200 jobs after setting up an online service and extending its operations in Scotland. Over the last 50 years, family firm Ramsdens has become the first high street pawnbroker to set up an online service that allows customers to receive cash loans in exchange for their jewelry. More

 

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