Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Canaco Resources (CAN) delivers initial resource for Magambazi
Aurizon Mines (AZK) reports “excellent” results at Casa Berardi
Premier Gold Mines (PG) reports proposed additions to Board of Directors
The gold price, alongside a declining bond market, has begun to emit an inflationary signal. As the marketplace digests the recent deficit and debt projections proposed by the Obama administration, the bond market, in particular, has taken notice. Yields have risen in recent weeks, exemplified by the 10-year Treasury bond, which has moved from a [...]
After an early buyback of 154,000 ounces of gold, AngloGold’s hedge book stood at 5.84 million ounces of gold as of March 31st. AngloGold chief executive officer, Mark Cutifani, has targeted a further reduction of the gold hedge book to 4 million ounces by the end of 2010. This will result in the company receiving [...]
The spot gold price ended the week near $958 per ounce, rising $25.35, or 2.7% the past five trading days as the U.S. markets prepared for a three-day weekend. The move in the gold price was dwarfed by the huge move in the gold mining stocks, as the Philadelphia Gold and Silver Index closed up [...]
Anglogold (AU) announced today that a worker was killed in an accident at its Moab Khotsong mine in South Africa. Blasting has been halted at this mine location and the government will likely investigate the incident.
Claude Resources Inc. (CGR) announced this morning that the company will add a second drill rig at its 100%-owned Madsen property located in Red Lake, Ontario. Claude is in midst of a 10,500 meter exploration program will test three target areas with the highest priority target being the 8 zone system. Located in the prolific [...]
Silverstone’s (SST.TSXV) shareholders voted to approve the company’s acquisition by Silver Wheaton.
There has been a great deal of financial press regarding a new monetary tool that is currently being employed across the globe termed quantitative easing. The way in which old concepts and terms evolve over the years from a purely semantic standpoint is interesting, comical, and in some ways, dangerous. In the same way that [...]
There has historically been a high negative correlation between the gold price and the exchange rate of the U.S. dollar versus the rest of the world’s currencies. For example the Dollar Index (DXY), comprised chiefly of the euro, yen, pound, and Canadian dollar, had a correlation of -0.56, an inverse correlation to the gold price, [...]
The dramatic expansion of the Federal Reserve’s monetary base will lead to a huge rise in the money supply. While the transition to rapid money supply growth will not occur overnight, the seeds have been planted for a shocking rise in inflation. We submit that a discussion of inflation seems absurd amidst the deflation scare [...]
